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INTC

Intel CorporationClose $66.26EOD only
Max Pain
$60.00
Next expiry Apr 24, 2026
Expected Move
±$6.70
10.1% from close
Price Gap
-6.26
Distance to max pain
IV Rank
34
Middle-high premium
P/C OI
0.95
Balanced positioning
Consensus
6.0/10
Range bias
Published snapshot: Apr 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
Apr 21, 2026 close
INTC Theta Report
Analysis based on market close April 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness7 / 10
Sizing: Conservative
Primary: Short-dated iron condor / unbalanced credit spreads (collect front-month premium)
Invalidation: Sustained move above $70, >8% spot move from current or front-IV collapse >40% (removes premium edge)
Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 8.8% from MP; +0.5 VIX 19

IV Environment

IV Regime
High
IV vs VIX
Front ATM IV ~130% (2d) vs VIX 18.9 — extreme short-dated implied vol vs index
Favorable?
Yes

Term structure: Very steep front-term IV with compression 2d→30d; dealer gamma (GEX) concentrated near $59–$70 amplifies pinning and local IV sensitivity

⚠️2d ATM IV ~130% — expensive but creates high premium for sellers
📌Dealer GEX concentrated near $59–$70 supports pin risk/pinning into near expiries

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+95.1M)

OI concentrations: Max-pain cluster $59–$60; call wall $70; put floor $35 with concentrated OI

Verdict: High pin risk into April/May given concentrated OI and +$95M dealer GEX near strikes — elevated chance of spot pinning and sticky short-dated IV

Premium Opportunities

#1
Iron condor
Sell 2026-05-15 $60.00/$57.50 put wing and $70.00/$73.00 call wing
Sell 60/57.5 put and 70/73 call (May 15) to collect rich ATM front premium while keeping defined wings.
Credit: $1.47-$1.79
Max loss: $1.21
BE: 58.21 / 71.79
Mgmt: Close or roll if spot >70 or front‑IV collapses >40%; trim if premium decays < target or DTE <7.
#2
Put credit spread
Sell 2026-05-15 $60.00/$57.50 put spread
Sell 60/57.5 put (May 15) to capture elevated front IV with lower capital than assignment.
Credit: $0.71-$0.87
Max loss: $1.63
BE: $59.13
Mgmt: Buy back or roll up if spot ≤60 or IV spikes; cut if sustained move toward strike.
#3
Cash-secured put
Sell 2026-07-17 $60.00 cash-secured put
Sell 60 cash‑secured put in July to harvest carry and defer pin exposure.
Credit: $4.97-$6.08
Max loss: $53.92
BE: $53.92
Mgmt: Monitor early post‑earnings gap; adjust if stock moves materially or IV normalizes.

Risk Alerts

!Spot push above $70 removes pinning and flips dealer gamma exposure
!Rapid front-IV collapse (>40%) or >8% spot move invalidates premium-selling edge
How to Use These Reports
This theta reflects the market close on April 22, 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.