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INTC

Intel CorporationClose $68.50EOD only
Max Pain
$56.00
Next expiry Apr 24, 2026
Expected Move
±$7.65
11.2% from close
Price Gap
-12.50
Distance to max pain
IV Rank
100
High premium
P/C OI
1.00
Balanced positioning
Consensus
6.5/10
Bullish tilt
Published snapshot: Apr 17, 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 17, 2026 close
INTC Flow Report
Analysis based on market close April 20, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Flow Verdict

BiasMixed
Confirmation: Large positive GEX (+$103M) and pinning gamma with heavy near-dated 66–67 call prints; notable put prints suggest structured hedging rather than directional collapse.
Invalidation: Spot sits above MP and ~15% from key midpoint; heavy put volume and elevated IV could trigger downside if flow flips or market vol spikes.
Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 15.3% from MP; +0.5 VIX 19

Watch next session: monitor 66–67 call pin concentration and pinning behavior; track 51–53/48 put build and vol skew; watch VIX moves and broad market flow (SPY/QQQ)

Flow Summary

Net premium: +$65.1M bullish

P/C volume ratio: 1.16

P/C OI ratio: 0.93

GEX-driven pinning pressure around mid‑60s (large call flow) coexists with sizable put prints at lower strikes; net effect is mixed—short‑term resistance near 66–67, downside risk if volatility/flow flips.

Notable Prints

#1
INTC 2026-05-29 $53.00 Put
Vol: 5,166
OI: 229
Vol/OI: 22.6x
IV: 69.0%
Notional: ~$651K
Intent: Directional downside hedge or large buyer of protection
Dual read: Speculative short-put sweep vs institutional hedge

Read-through: Significant near-term protection demand; downside risk priced

#2
INTC 2026-04-24 $100.00 Call
Vol: 3,699
OI: 613
Vol/OI: 6.0x
IV: 142.2%
Notional: ~$7K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#3
INTC 2026-05-01 $51.00 Put
Vol: 1,538
OI: 259
Vol/OI: 5.9x
IV: 92.4%
Notional: ~$43K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#4
INTC 2026-04-24 $67.00 Call
Vol: 5,645
OI: 1,155
Vol/OI: 4.9x
IV: 108.9%
Notional: ~$1.6M
Intent: Short-term bullish leverage or volatility play
Dual read: Dealer sell-to-open gamma hedge vs buyer skew trade

Read-through: High call flow may pin short-term upside pressure

#5
INTC 2026-07-17 $48.00 Put
Vol: 5,152
OI: 1,162
Vol/OI: 4.4x
IV: 65.5%
Notional: ~$819K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Concentrated call buys at 63–67 strikes into Apr24/May01 expiries; OI bulge at 66–67

Put additions: Large put prints at 48–53 across May/Jul and notable Apr24 63P appear consistent with protective/insurance hedging rather than clear directional bearish bets

GEX/DEX consistency: Positive GEX (+$103M) and DEX buyback (+174M shares) correlate with call skew and potential pinning pressure, but may also reflect market-maker delta-hedging, volatility moves, or dispersion trades—correlation not causation

OI clusters: OI peaks: Apr24 63P ~2263, Apr24 66–67C ~2300+, May29 53P notable vs open interest

Hedging evidence: Evidence points to collars/long-put protection (63P, 51P, 53P) alongside some short-dated call selling consistent with hedging and flow management

Max pain context: Short-dated call OI could cap upside near clusters; max-pain pinning is plausible but not certain

Signal vs Noise

~Signal: large Apr24 63P OI and 66–67C cluster — localized pin risk near those strikes
~Signal: GEX/DEX alignment supports possible pinning but is a correlational signal; consider market-maker hedging and vol moves
~Noise: single-ticket small call prints and low-IV odd lots — ignore as likely noise

Key Conclusions

📌Short-dated 63P/66–67C concentration plus correlated positive GEX suggests elevated, but not definitive, pinning risk into Apr24
🛡️Multi-expiry put flow (51–53–48) reads as protective/insurance hedging by institutions rather than clear directional bearish conviction
How to Use These Reports
This flow reflects the market close on April 20, 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.