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INTC

Intel CorporationClose $118.50EOD only

Max Pain

$110.00

Next expiry May 22, 2026

Expected Move

±$4.28

3.6% from close

Price Gap

-8.50

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.08

Balanced positioning

Consensus

6.0/10

Bullish tilt

Published snapshot: May 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

May 21, 2026 close

INTC Theta Report

Analysis based on market close April 6, 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 6, 2026. A newer theta report is available for May 21, 2026.

View latest report

Theta Verdict

Confidence:

7 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 8.0% from MP

IV Environment

IV Regime

High

IV vs VIX

IV 71.2% — extremely elevated

Favorable?

Yes

Term structure: Humped at 4/24 (74.9%), kink at 5/01 (73.3%)

💰Extreme IV (71.2%) favors premium sellers

⚠️IV crush risk post-earnings (4/23)

Pin Risk Assessment

Spot vs MP: Above by 8.0% (spot $50.78 vs 4/10 MP $47.00)

GEX regime: Pinning (GEX +$153.3M)

OI concentrations: Call wall $55 (46,746 OI), put floor $30-$30 (structural)

Verdict: Favorable — strong positive GEX (+$153.3M) supports pinning near $50-$55

Premium Opportunities

put spread

Sell $47/$44 put spread 2026-04-24 (18 DTE)

Pinning regime with positive GEX; short strike at 4/24 max pain ($42) provides buffer; IV 74.9% rich

Credit: $0.80-$1.00

Max loss: $2.20

BE: $46.20

Mgmt: Close at 65% profit; exit if price closes below $44.03 (lower EM bound)

iron condor

Sell $47/$44P x $55/$58C 2026-04-24 (18 DTE)

Wide range within EM bounds ($44.03-$57.53); call side anchored at $55 OI wall; positive GEX supports pinning

Credit: $1.40-$1.70

Max loss: $2.60

BE: 45.60/56.40

Mgmt: Close at 50% profit; roll untested side if other side tested; exit if price breaches either short strike

cash-secured put

Sell $45 put 2026-04-17 (11 DTE)

High IV (64.8%) and pinning near $50; $45 is near 4/17 max pain ($45) and has positive GEX concentration

Credit: $0.45-$0.48

Max loss: $44.52

BE: $44.52

Mgmt: Roll down/out if price approaches $45; close at 80% profit; avoid assignment by managing before expiration

covered call

Buy 100 shares at $50.78, sell $55 call 2026-04-24 (18 DTE)

Call premium elevated (IV 64.6%); strike at $55 OI wall provides resistance; positive GEX supports pinning below

Credit: $0.82-$0.84

Max loss: $49.94

BE: $49.94

Mgmt: Close call at 50% profit; roll up/out if price approaches $55; hold shares unless assigned

calendar spread

Sell $50 call 2026-04-10 (4 DTE), buy $50 call 2026-04-24 (18 DTE)

IV term structure hump (74.9% at 4/24 vs 70.6% at 4/10) favors selling near-dated; pinning near $50 with +$11.7M GEX

Credit: $0.76-$0.84

Max loss: $4.16

BE: N/A (calendar)

Mgmt: Close short leg at 50% profit; roll short leg if price moves beyond $51; exit before earnings (4/23)

Risk Alerts

!Earnings on 2026-04-23 — close all short premium positions before announcement to avoid IV crush

!Spot 8.0% above nearest max pain ($47) — pinning may pull price lower toward max pain

!Extreme IV (71.2%) — favorable for selling but carries high volatility risk

!Unusual put flow at $50 (4/10) and $51 (4/10, 4/17) — monitor for institutional selling pressure

!Positive GEX (+$153.3M) — strong pinning reduces trend risk but increases assignment risk at pin strikes

How to Use These Reports

This theta reflects the market close on April 6, 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.