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INTC

Intel CorporationClose $65.18EOD only

Max Pain

$49.00

Next expiry Apr 17, 2026

Expected Move

±$3.78

5.8% from close

Price Gap

-16.18

Distance to max pain

IV Rank

100

High premium

P/C OI

0.96

Balanced positioning

Consensus

5.5/10

Consensus signal

Published snapshot: Apr 13, 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 13, 2026 close

INTC Theta Report

Analysis based on market close April 13, 2026

Directional Theta Gang Flow Earnings Consensus

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

Theta Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 33.0% from MP; +0.5 VIX 19

IV Environment

IV Regime

High

IV vs VIX

Avg IV 80.5% vs VIX 19.12 — IV is extremely rich vs market vols

Favorable?

Yes

Term structure: Short‑dated IV is uneven: 4d ATM 62.2% (lower) then a hump at 11d 89.3% and 18d 80.5% → use 30–45 DTE (May15/May22) where ATM is 74.1%/72.7% for consistent premium

💰Avg IV 80.5% is very rich vs VIX 19.12 — strong edge for premium sellers

📆Term structure hump at 11d (89.3%) — avoid naked short through that expiration if unwilling to manage gamma

Pin Risk Assessment

Spot vs MP: Spot $65.18 is above max pain (near‑term MPs are $49/$53/$51) — currently trading above MPs

GEX regime: Pinning (Total GEX +$144.9M; concentrated positive GEX at $65.00 = +$22.6M)

OI concentrations: Call OI wall at $70 (70,876 OI) and sizable call OI at $60/$55; put floor concentrated much lower ($35 put OI 37,700) — heavy call-side OI near $60–70

Verdict: Favorable — strong positive GEX at $65 (pin magnet -0.3% from spot) supports credit sellers and makes short puts/covered calls more likely to hold range

Premium Opportunities

put spread

Sell 63/60 put spread exp 2026-05-15 (32 DTE)

30–45 DTE (May15) IV = 74.1% and regime is high vol + pinning with $65 GEX magnet → selling a small put spread below the pin captures rich premium while defined risk limits assignment pain

Credit: $0.65-$0.90

Max loss: $2.35

BE: 62.35

Mgmt: Take profits at 60–75% of max credit; roll down and out if price closes below $62.00; cut losses if short put strike is broken and spread trades >50% of max loss

covered call

Buy 100 shares and sell 1x 70 call exp 2026-05-15 (32 DTE)

Bullish flow + pin at $65 supports owning stock with short call at the $70 call OI wall; collects rich premium given 32d IV 74.1% and large call demand at $70

Credit: $1.50-$2.50

Max loss: Net stock exposure (unlimited) minus premium received; effective cost basis ≈ $62.68–$63.68

BE: approx $62.68 (spot - premium collected)

Mgmt: Close/roll call if INTC > $69.00 into week before expiry; take profits on call premium at 50–70%; consider rolling out one strike if assigned risk unwanted or buy back and sell longer‑dated call

iron condor

Sell 60/55 put spread and sell 75/80 call spread exp 2026-05-22 (39 DTE)

Wide 39 DTE wings capture heavy premium (term structure still rich at 72.7%) and sits around dealer pin range; defined risk on both sides protects against tail swings while collecting elevated theta

Credit: $1.10-$1.60

Max loss: $3.90

BE: Lower: 58.90; Upper: 76.40

Mgmt: Take profits at 50% of max credit; tighten or close if price tests either short strike (close/roll if INTC <60.50 or >74.50); widen or roll wings out if IV compresses substantially before expiry

cash-secured put (naked PUT)

Sell 1x 65 put exp 2026-04-24 (11 DTE) — short week (defined as higher IV hump)

High short-term flow/volume on the 65 strike (OI 32,258; unusual short‑dated put activity) and very large IV (11d ATM 89.3%) rewards sellers, but this is near earnings — use only if comfortable with assignment or quick management

Credit: $3.95-$4.15

Max loss: Large — obligation to buy at 65; effective breakeven 61.05

BE: 61.05

Mgmt: Only sell naked if willing to take stock; close before earnings (2026-04-23) or hedge with buy‑ups; buy back at 50–70% profit or if trade moves against and price closes below $63.00

defined-risk call spread (weekly)

Sell 67/70 call spread exp 2026-04-17 (4 DTE) — defensive, defined risk into front-week flow

Front-week IV is mixed (4d ATM 62.2%) but heavy call flow at 67/70 and high GEX makes a defined-risk short call spread a way to harvest gamma/vega quickly with limited downside

Credit: $0.80-$1.20

Max loss: $2.20

BE: Upper breakeven not applicable for call spread; risk kicks in at 67 + credit

Mgmt: Close at 50–75% of max credit as theta accelerates; buy back if price >66.75 or into any intraweek large gap; do not leave naked into weekend if earnings come into play

Risk Alerts

!Earnings 2026-04-23 — avoid selling naked premium through the print; close or hedge positions before the release.

!Very high average IV (80.5%) with term‑structure hump — IV crush can occur after events; defined‑risk structures preferred for front weeks.

!Positive GEX (+$144.9M) can pin price to $65; if dealer flows shift or spot drops below $60.00 (invalidation), pin can flip to an accelerant.

!Concentrated call premium flow at $65/$70 (net call flow >$19M at 65 and >$20M at 70) — signals institutional directional positioning that can steepen moves.

!Unusual short‑dated put activity at $63/$65 for 4/17 & 4/24 — heightened short‑gamma risk if you are short naked calls or large uncovered positions into expiration.

Read the Theta analysis for INTC for 2026-04-13. Each report is a market-close snapshot with regime read, key levels, and strategy context that translates options positioning into an actionable setup.