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INTC

Intel CorporationClose $114.68EOD only
Max Pain
$115.00
Next expiry Jun 5, 2026
Expected Move
±$11.07
9.7% from close
Price Gap
+0.32
Distance to max pain
IV Rank
62
High premium
P/C OI
1.06
Balanced positioning
Consensus
7.0/10
Bullish tilt
Published snapshot: May 29, 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 29, 2026 close
INTC Theta Report
Analysis based on market close April 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 15, 2026. A newer theta report is available for May 26, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Defined-risk put credit spreads (30–60 DTE) and call credit spreads near $65 pin
Invalidation: Close below $62.23 (2d EM low) or sustained move above $72.87 (1w EM high)
Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 29.9% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
Avg IV 80.1% vs VIX 18.17 — vols are extremely rich relative to index; short-dated ATM IVs: 2d ATM 57.7% -> 9d ATM 92.5% (earnings-driven)
Favorable?
Yes

Term structure: Steep front/mid curve around earnings: 2d 57.7% (cheap), 9d 92.5% (very rich), then normalizing into May/June (70–83%).

💰Very high avg IV (80.1%) and concentrated short-term IV around 2026-04-24 make defined premium selling attractive.
⚠️Front-week IV is lower than the 9d (earnings) spike — avoid naked short through earnings (2026-04-23).

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+157.9M)

OI concentrations: Strong call OI and GEX magnets at $65.00 (+$34.1M GEX), $70.00 (+$15.0M) with call OI concentrated at $65/$70 and net bullish premium flow ($109.3M). Max pain short-term is lower ($50–$55) but spot is above MP.

Verdict: Favorable — positive GEX (+$157.9M) and near-term GEX magnet at $65 create a pinning environment that supports selling premium into call walls or selling put spreads near dealer-supported levels. However, pinning can quickly flip if directional flow accelerates.

Premium Opportunities

#1
Put credit spread
Sell 2026-05-15 $60.00/$50.00 put spread
Sell put credit spreads targeting ~30 DTE with short puts around ~0.30 delta and long puts ~5 points lower; use EM guardrail $62.23 as an invalidation trigger.
Credit: $2.24-$2.73
Max loss: $7.27
BE: $57.27
Mgmt: Close on 50–65% profit or if price closes below $62.23; widen or roll down only after reassessing post-earnings vol.
#2
Call credit spread
Sell 2026-04-24 $72.00/$80.00 call spread
Sell a near-term call spread (target short ~0.28 delta, 9–16 DTE) to collect premium against the $65 call/GEX wall; keep defined long call protection 4–8 points wide.
Credit: $0.94-$1.15
Max loss: $6.85
BE: $73.15
Mgmt: Take profits at 50–60%; exit or roll if spot > EM 1w high $72.87 or if IV collapses post-earnings.

Risk Alerts

!Earnings 2026-04-23 (8d) — avoid selling naked premium through earnings; prefer defined-risk or expire/roll ahead.
!Large call OI & GEX magnet at $65 (+$34.1M) and heavy call OI at $70 — short-call sellers can be pressured if bullish flow accelerates.
!Very high average IV (80.1%) indicates rich premium but also large potential IV crush post-earnings; position size accordingly.
!Positive total GEX (+$157.9M) creates pinning but can amplify moves if dealers hedge suddenly — monitor intraday gamma exposures around $65.
!Unusual activity in 2026-05-01 $69 call and multiple $62–$67 put/call prints suggests institutional directional positioning; be prepared for skew shifts.
How to Use These Reports
This theta reflects the market close on April 15, 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.