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INTC

Intel CorporationClose $64.94EOD only

Max Pain

$50.00

Next expiry Apr 17, 2026

Expected Move

±$2.71

4.2% from close

Price Gap

-14.94

Distance to max pain

IV Rank

100

High premium

P/C OI

0.97

Balanced positioning

Consensus

6.5/10

Bullish tilt

Published snapshot: Apr 15, 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

Apr 15, 2026 close

INTC Flow Report

Analysis based on market close April 15, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

BiasBullish

Confirmation: Sustained call-side premium demand (net premium staying 3e= +$50M) and continued short-dated call buying that drives dealer hedges to buy stock, pushing spot above the $65.00 GEX concentration into the $67D70 band.

Invalidation: A session of put-dominant net premium flow that flips net premium negative (below $0) or rapid sell-to-close/roll-down of the large short-dated call blocks (especially the Apr-17 67C and May-08 80C) that relieves dealer hedges and allows spot to slide below the $62.23 2-day EM lower bound.

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 incremental from large short-dated call prints increasing dealer delta sensitivity; -1 spot 29.9% from MP; +0.5 VIX 18

Watch next session: Follow-through in call premium and bid-lifts at the 65D70 strikes (volume and price action on 65/67/70 calls).; Trades or large prints on INTC260501C00069000, INTC260417C00067000, and INTC260508C00080000 particularly sales/rolls which would indicate profit-taking or dealer unwind.

Flow Summary

Net premium: +$109.3M bullish

P/C volume ratio: 0.58

P/C OI ratio: 0.97

Flow is strongly bullish and more front-loaded than first reported: deterministic net premium is +$109.3M with call concentration at 55/65/70, and two very large short-dated call prints (Apr-17 67C Vol=14,085 OI=6,773 and May-08 80C Vol=14,670 OI=5,576) materially increase dealer delta exposure this week. Short-dated call pressure amplifies immediate hedging demand and reinforces GEX pinning in the $65D70 band, making near-term upside the path of least resistance unless a fast put-led unwind appears.

Notable Prints

INTC260501C00069000

Vol: 12,556

OI: 101

Vol/OI: 124.3x

IV: 83.1%

Notional: ~$3.8M

Intent: Fresh directional call accumulation (opening buys or call-heavy vertical leg)

Dual read: Could be components of structured spreads, but the 124.3x volume-to-OI ratio and low OI (101) strongly favor large opening buys.

Read-through: Significant one-sided bullish signal into May-01; will force dealer hedging that supports upside into the 67D70 band if followed by more call demand.

INTC260417C00067000

Vol: 14,085

OI: 6,773

Vol/OI: 2.1x

IV: 59.2%

Notional: ~$861K

Intent: Large front-week short-dated directional call activity (aggressive call buying or call spreads)

Dual read: Could be short-dated call rolls or dealer inventory trades, but size and volume indicate meaningful short-dated demand that forces immediate delta hedging.

Read-through: High-volume Apr-17 67C materially increases front-week gamma and dealer hedging needs, amplifying upward pressure around the $65 GEX concentration and making the 65D70 band more likely to act as a pin/short-term magnet.

INTC260508C00080000

Vol: 14,670

OI: 5,576

Vol/OI: 2.6x

IV: 80.7%

Notional: ~$1.79M

Intent: Aggressive speculative or structured call accumulation (far-OTM call buys or call-heavy spreads)

Dual read: High IV and large volume at 80C suggest vol-driven speculation or part of larger directional structures; still represents significant notional and forces dealers to manage delta/gamma exposure out the chain.

Read-through: Adds medium-dated upside convexity and increases dealers' sensitivity to upside moves, reinforcing bullish bias and supporting call-driven pinning toward the 65D70 area.

INTC260501P00062000

Vol: 2,941

OI: 354

Vol/OI: 8.3x

IV: 81.9%

Notional: ~$941K

Intent: Protective puts or hedging at the May-01 boundary

Dual read: Could be outright bearish puts or part of collars; the vol-to-OI suggests opening buys for downside protection.

Read-through: Meaningful but smaller than the large call blocks; tempers upside conviction but does not overturn it.

INTC260417P00067000

Vol: 1,034

OI: 163

Vol/OI: 6.3x

IV: 59.0%

Notional: ~$310K

Intent: Front-week protective puts / immediate hedging

Dual read: Likely client-driven protection into expiry rather than speculative directional shorting.

Read-through: Will modestly increase front-week implieds on the downside; size is modest relative to short-dated call pressure.

Institutional Positioning

Call additions: Aggressive additions across short-to-mid expiries centered at $55.00, $65.00 and $70.00, plus large short-dated blocks (Apr-17 67C Vol=14,085 OI=6,773 and May-08 80C Vol=14,670 OI=5,576) indicating both tactical and structural upside exposure.

Put additions: Targeted protective buys at Apr-17 ITM 66/67 and May-01 $62.00; these are selective hedges that coexist with larger call accumulation rather than represent a directional bearish shift.

GEX/DEX consistency: Stronger consistency after including the large short-dated calls: positive GEX (+$157.9M) and the concentrated GEX at $65.00 (+$34.1M) now reflect even greater dealer delta exposure and sensitivity to upside moves, reinforcing pinning dynamics in the 65D70 band.

OI clusters: Largest OI remains call-heavy: $70.00 (multiple expirations with the single largest OI = 72,119), $55.00 (51,631), $65.00 (40,320). The influx of high-volume short-dated calls increases the effective gamma and delta pressure around these clusters, turning them into stronger short-term magnets/walls.

Hedging evidence: Clear evidence of front-week protective hedging (Apr-17 66/67 puts) alongside significant call accumulation indicative of institutions layering downside insurance while aggressively adding upside exposure (collar-like pockets but net long calls).

Max pain context: Despite short-dated max pain points being lower ($50–55), current flow and GEX pinning are biasing dealer hedging to hold spot nearer $65. The falling MP trend (50→40 across expiries) is present but not driving near-term positioning which is dominated by call accumulation and positive GEX at $65–70.

Signal vs Noise

~Large far-dated Dec-18 $70 call OI is structural and not a same-session directional print — it represents longer-term positioning and should not be treated as immediate flow.

~Front-week April 17 ITM put prints (66/67) look like protective hedges into a near expiry rather than a broad bearish directional signal.

~High volume on low-priced short-dated calls (e.g., Apr-17 67C) will cause rapid dealer delta adjustments; some of this is market-maker inventory/gamma management rather than fresh directional conviction.

~The elevated IV term and presence of upcoming earnings (2026-04-23) mean some put activity (short-dated ITM puts) could be earnings hedging rather than outright bearish bets.

Key Conclusions

🐂Net flow is bullish: +$109.3M net premium with concentrated call buying at 55/65/70 — expect dealer hedging to support upside into the $65–70 band.

📌Pinning risk at $65.00: GEX +$34.1M concentrated at $65 and heavy call OI at $70 create a near-term magnet; watch whether spot holds above the 2-day EM lower bound $62.23.

🛡️Protective short-dated puts (Apr-17 66/67 and May-01 62) show selective hedging — institutions are buying downside insurance while maintaining net upside exposure.

Read the Flow analysis for INTC for 2026-04-15. Each report is a market-close snapshot with regime read, key levels, and strategy context that translates options positioning into an actionable setup.