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INTC

Intel CorporationClose $68.50EOD only

Max Pain

$51.00

Next expiry Apr 17, 2026

Expected Move

±$1.98

2.9% from close

Price Gap

-17.50

Distance to max pain

IV Rank

100

High premium

P/C OI

0.98

Balanced positioning

Consensus

6.5/10

Bullish tilt

Published snapshot: Apr 16, 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 16, 2026 close

INTC Theta Report

Analysis based on market close April 15, 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 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

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.

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.

Read the Theta analysis for INTC for 2026-04-15. Each report is a market-close snapshot with regime read, key levels, and strategy context that translates options positioning into an actionable setup.