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INTC

Intel CorporationClose $66.26EOD only

Max Pain

$60.00

Next expiry Apr 24, 2026

Expected Move

±$6.70

10.1% from close

Price Gap

-6.26

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.95

Balanced positioning

Consensus

6.0/10

Range bias

Published snapshot: Apr 21, 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 21, 2026 close

INTC Flow Report

Analysis based on market close April 22, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 8.8% from MP; +0.5 VIX 19

Watch next session: Monitor GEX change and gamma regime; Track large put prints and their fills; Watch IV and spot movement vs max-pain

Flow Summary

Net premium: +$46.7M bullish

P/C volume ratio: 1.04

P/C OI ratio: 0.96

Pinning-driven mixed bias leaning bullish: positive GEX and dex suggest options support, but concentrated near-term put flow, slight put-call tilt and spot above max-pain create meaningful downside risk; monitor GEX, large put flow, IV and spot vs MP next session.

Notable Prints

INTC 2026-04-24 $67.00 Put

Vol: 5,065

OI: 1,180

Vol/OI: 4.3x

IV: 131.2%

Notional: ~$2.1M

Intent: near-term downside hedge

Dual read: speculation vs institutional hedge

Read-through: pin risk into week

INTC 2026-05-15 $58.00 Put

Vol: 2,643

OI: 734

Vol/OI: 3.6x

IV: 76.6%

Notional: ~$537K

Intent: medium-dated bearish hedge

Dual read: protective vs directional bet

Read-through: skews downside interest into May

INTC 2026-04-24 $49.50 Put

Vol: 660

OI: 292

Vol/OI: 2.3x

IV: 139.1%

Notional: ~$2K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

INTC 2026-05-15 $66.00 Call

Vol: 635

OI: 301

Vol/OI: 2.1x

IV: 77.3%

Notional: ~$308K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

INTC 2026-05-08 $66.00 Call

Vol: 352

OI: 168

Vol/OI: 2.1x

IV: 82.5%

Notional: ~$150K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Calls concentrated at 66–76 strikes into May (moderate OI).

Put additions: Notable short‑dated prints at 67 (4/24) and 58 (5/15); permanent OI pockets at 44 and 70.

GEX/DEX consistency: GEX +95M and DEX +175M are supportive of dealer hedging tendencies but are not definitive proof of institutional pinning—context and alternative drivers matter.

OI clusters: Largest clusters: 67P (trade ~5k vs existing OI ~25k), 58P, 44P; call clusters at 66/76. Trade size ~20% of open interest at 67 implies a concentrated print but not a takeover of the wing.

Hedging evidence: High IV and concentrated short‑dated put flow are consistent with downside hedging/collar activity, though could also reflect dealer flow or retail accumulation; calendar skew and expiries should be checked.

Max pain context: Spot ~8.8% above max pain; given current pinning signals, mean reversion toward MP is plausible but not certain.

Signal vs Noise

~Signal: 67P print (~5k contracts) ≈20% of 67P open interest—suggestive of institutional-sized activity but not conclusive.

~Signal: GEX+DEX alignment increases probability of dealer hedging effects vs neutral drift.

~Noise: many low‑priced far OTM prints (e.g., 49.5P) are small vs OI and have limited economic impact.

~Noise: calendar skew and dispersed retail prints dilute single‑print inference.

Key Conclusions

⚠️67P short‑dated print is suggestive of concentrated downside protection (trade ≈20% of existing OI) but not definitive—alternate explanations possible.

🔵Net GEX/DEX alignment adds weight to potential spot gravitation toward max pain, yet context and other flow sources temper confidence.

How to Use These Reports

This flow reflects the market close on April 22, 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.

How traders use them

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.