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INTC

Intel CorporationClose $120.89EOD only

Max Pain

$112.00

Next expiry May 29, 2026

Expected Move

±$4.56

3.8% from close

Price Gap

-8.89

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.05

Balanced positioning

Consensus

7.0/10

Bullish tilt

Published snapshot: May 28, 2026 close

End-of-day snapshot

This page reflects INTC options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

May 28, 2026 close

INTC Flow Report

Analysis based on market close April 14, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

You are viewing an older report from April 14, 2026. A newer flow report is available for May 26, 2026.

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Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 27.6% from MP; +0.5 VIX 18.4

Watch next session: New call premium / OI at $65-$70 (follow fresh buys vs rolls); Put flow or bid up puts at $60.00-$62.50 (dealer hedging trigger around $60.55)

Flow Summary

Net premium: +$111.3M bullish

P/C volume ratio: 0.80 — call-dominant (healthy, not extreme)

P/C OI ratio: 0.97 — neutral OI positioning (calls only slightly favored in OI)

Large, concentrated call buying centered at $65 and $70 has driven a strong bullish net premium ($111.3M) while total GEX is +$135.3M (dealer long gamma/pinning). Put volume is present but not overwhelming; the market shows bullish positioning with dealers likely buying stock on dips around the near-term put clusters, creating a pin magnet in the $65 area.

Notable Prints

INTC 2026-04-24 $70.00 Call

Vol: 28,453

OI: 4,370

Vol/OI: 6.5x

IV: 92.3%

Notional: ~$5.3M

Intent: Fresh directional call accumulation / large buy to the upside into near-term expirations

Dual read: Could be new bullish purchases or dealers shorting calls (overwritten) vs clients selling covered calls; heavy net premium at $70 across expirations supports bullish-buy reading

Read-through: High significance: concentrates dealer short call exposure around $70 (GEX +11.0M at $70) and pushes dealers to hedge by buying stock on up moves, supporting further upside toward the $65–$70 band.

INTC 2026-05-22 $50.00 Put

Vol: 15,244

OI: 316

Vol/OI: 48.3x

IV: 72.9%

Notional: ~$1.6M

Intent: Long-dated protective put accumulation or a structured hedge (portfolio downside protection)

Dual read: Large relative buy could be an institutional tail hedge or a trade-against calling positions; low OI vs very high volume implies fresh buys

Read-through: Institutions are buying long-duration downside protection at $50 — not an immediate directional bet on near-term weakness but evidence of risk-management for larger positions.

INTC 2026-05-01 $63.00 Call (ITM)

Vol: 1,784

OI: 306

Vol/OI: 5.8x

IV: 80.8%

Notional: ~$0.9M

Intent: Near-term directional bullish exposure (ITM call buys) or short-dated roll into May strikes

Dual read: Could be bullish buys or closing/rolling of existing short positions; ITM nature and low OI skew to fresh buyer intent

Read-through: Supports the bullish flow into early-May expirations; those ITM calls increase immediate delta exposure and pressure dealers to buy shares.

INTC 2026-04-24 $55.00 Put

Vol: 12,255

OI: 2,341

Vol/OI: 5.2x

IV: 92.1%

Notional: ~$1.1M

Intent: Short-dated protective put purchases or speculative downside plays around upcoming earnings (earnings on 2026-04-23)

Dual read: Could be hedges bought by long holders ahead of earnings, or speculative put buying anticipating a gap down

Read-through: Short-dated put buying at $55 increases dealer gamma exposure on the downside near the 1-week EM lower bound ($55.84) — dealers will sell stock into weakness to remain hedged.

INTC 2026-05-15 $65.00 Call (premium flow heavy OI)

Vol: 24,506

OI: 37,951

Vol/OI: 0.7x

IV: 62.0%

Notional: ~$8.3M (premium reported aggregate)

Intent: Significant institutional call accumulation at $65 (multi-expiry and multi-leg activity)

Dual read: High OI suggests many are holding existing positions (spreads/rolls) rather than pure new buys, but premium flow shows fresh call interest too

Read-through: Large $65 call concentration is the primary near-term pin magnet (+$23.2M GEX concentration at $65). Dealers will be structurally positioned to buy into dips and sell into rallies around this level.

Institutional Positioning

Call additions: $65 and $70 strikes (significant premium and OI concentration across expirations — $65 call OI=37,951; $70 call OI totals 72,044 and 43,351 in listings), plus activity at $63 and $67 showing near-term bullish delta add.

Put additions: Protective/long-dated puts concentrated at $50 (May/Nov 2026) and short-dated puts at $55 (Apr-24) — fresh buys at $50 (May-22, vol/oi 48.2x) indicate tail-hedging, while $55 Apr expiry puts suggest near-term earnings hedges.

GEX/DEX consistency: Yes — positive Total GEX ($135.3M) and DEX (+199.6M shares) align with bullish net premium $111.3M and call-heavy flow; near-term GEX concentration at $65 (+$23.2M) is consistent with pinning behavior.

OI clusters: $65 call cluster (37,951 OI) and $70 call cluster (43,351–72,044 OI across expirations) create upside walls/pin magnets; put clusters are lower (largest put OI at $35/$40/$50) which create downside catch zones but are further from spot.

Hedging evidence: Clear hedging: short-dated put buying at $55 (12,255 vol) ahead of earnings and long-dated $50 puts indicate protective hedges and tail protection. Limited evidence of widespread collars; most activity reads as directional call buys plus isolated downside hedges.

Max pain context: Max Pain is trending lower (short-term MPs: $50 on 4/17, $54 on 4/24) but current spot ($63.81) sits well above these MPs. Dealer positioning and concentrated call OI (esp. $65) are creating a near-term pin magnet that could keep spot elevated despite longer-term MP drift downward.

Signal vs Noise

~Large $55 Put volume for 2026-04-24 likely earnings hedging (earnings on 2026-04-23) — short-dated protective flows not necessarily directional.

~Heavy $65 call OI (37,951) contains many existing positions — some daily volume at $65 may be expir/roll or spread adjustments rather than fresh directional buying.

~Long-dated $50 puts (May/Nov) are risk-management/tail hedges rather than bets on immediate downside; treat as portfolio protection, not short-term bearish signal.

~Some high IV at near-dated strikes (ATM IV 61.1% for 4/17 and elevated IV in 4/24) suggests flows could be volatility/earnings driven and may reverse post-earnings.

Key Conclusions

🐂Net premium +$111.3M and Total GEX +$135.3M create a bullish, dealer-buying-dips regime centered on $65.

📌$65 is the primary pin/gamma concentration (+$23.2M GEX); expect dealers to anchor price into this band.

⚠️Short-dated $55 put activity is likely earnings hedging (earnings 2026-04-23) — could produce knee-jerk downside and higher IV intraday.

🛡️Long-dated $50 puts show institutional tail protection — large vol/oi ratio indicates fresh buys, not simply rebalances.

🔭Watch fresh call premium/OI growth at $65-$70 next session for confirmation; failure to add premium there or a push of puts at $60 could flip the short-term view.

How to Use These Reports

This flow reflects the market close on April 14, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

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Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.