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INTC

Intel CorporationClose $68.50EOD only

Max Pain

$56.00

Next expiry Apr 24, 2026

Expected Move

±$7.65

11.2% from close

Price Gap

-12.50

Distance to max pain

IV Rank

100

High premium

P/C OI

1.00

Balanced positioning

Consensus

6.5/10

Bullish tilt

Published snapshot: Apr 17, 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 17, 2026 close

INTC Theta Report

Analysis based on market close April 20, 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 15.3% from MP; +0.5 VIX 19

IV Environment

IV Regime

High

IV vs VIX

ATM IVs (108→77 short-term) far above VIX 18.87; stock-specific skew and near-term event premium

Favorable?

Term structure: Steep near-term term premium with mean-reverting slope after ~30d; elevated tail put IVs (e.g., 59d+ put spikes)

⚠️High short-dated IV (108% 4d) inflates short-dated premium

📌Max-pain pins at $56–57 align with positive dealer GEX (+$103M) supporting pinning

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+103.2M)

OI concentrations: Max-pain cluster at $56–57 across near expiries; no major put wall below 30% down

Verdict: Pinning regime: elevated OI near max-pain and positive GEX increases pin risk into expiries

Premium Opportunities

Call diagonal

Sell 2026-05-22 $70.00 call / buy 2026-06-18 $80.00 call

Capture front-month IV decay while retaining long-call protection across earnings; favorable OI/skew

Credit: $1.01-$1.23

Max loss: $0.01

BE: Path-dependent

Mgmt: Close or roll short leg before a rapid slide <56 or if IV collapses; keep long back-month for post-earnings exposure

Put diagonal

Sell 2026-05-22 $62.00 put / buy 2026-06-18 $65.00 put

Sell front-month put to harvest decay, hedge with longer-dated put to limit downside during earnings

Debit: $2.50-$3.05

Max loss: $3.05

BE: Path-dependent

Mgmt: Trim or buy back if spot approaches $56 or if IV drops below ~65; consider rolling down after sharp moves

Call diagonal

Sell 2026-05-29 $73.00 call / buy 2026-07-17 $90.00 call

Wider strike spacing to reduce short-gamma while keeping upside exposure

Credit: $0.88-$1.08

Max loss: $0.01

BE: Path-dependent

Mgmt: Avoid holding into large post-earnings gap; exit/roll if IV spikes or bid/ask widens materially Liquidity warning: Liquidity constraints: short_call: Open interest below 25.

Risk Alerts

!Rapid spot drop toward $56 invalidates premium sell thesis

!IV can gap higher on earnings/news, widening short gamma loss

!Dealer GEX positive may compress moves short-term but can flip if flow reverses

!Early assignment risk and increased margin exposure for short cash-settled or American-style positions

!Liquidity can evaporate on IV spikes—bid/ask widens, execution and hedging costs rise

How to Use These Reports

This theta reflects the market close on April 20, 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.