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INTC

Intel CorporationClose $110.80EOD only
Max Pain
$109.00
Next expiry May 22, 2026
Expected Move
±$8.35
7.5% from close
Price Gap
-1.80
Distance to max pain
IV Rank
51
Middle-high premium
P/C OI
1.10
Slightly put-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: May 19, 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 19, 2026 close
INTC Theta Report
Analysis based on market close May 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 15, 2026. A newer theta report is available for May 19, 2026.

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Theta Verdict

Attractiveness4 / 10
Sizing: Conservative
Primary: Put credit spread
Invalidation: Break below $95 support or VIX spike above 25
Confidence:
3.5 / 10
base 5; -1 GEX/flow contradict; -1 spot 14.5% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
IV at 109% is extremely elevated relative to VIX at 18.4, indicating rich premium.
Favorable?
Yes

Term structure: Contango from 0 to 7 DTE then relatively flat; skew is heavily skewed to calls at short expiration due to earnings.

📈IV elevated: avg IV 109% vs VIX 18.4, high premium potential.
⚠️Negative GEX -$125M suggests dealer hedging pressure.
🎯Pin risk at multiple strikes: $95, $110, $100 over next weeks.

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Trending ($-125.4M)

OI concentrations: Call OI wall at $120-$120; put floor at $55-$70; notable put OI concentration absent within 30% below spot.

Verdict: Moderate pin risk due to multiple high OI strikes and wide structure; spot at $95.47 near max pain $95.

Premium Opportunities

#1
Put credit spread
Sell 2026-06-05 $95.00/$94.00 put spread
Sell 2026-06-05 $95/$94 put spread to collect elevated IV premium with support as buffer.
Credit: $0.15-$0.19
Max loss: $0.81
BE: $94.81
Mgmt: Exit if INTC breaks below $95 or IV collapses; manage to 50% max gain.
#2
Iron condor
Sell 2026-06-18 $95.00/$92.50 put wing and $120.00/$125.00 call wing
Sell 2026-06-18 iron condor to profit from low volatility and time decay.
Credit: $1.82-$2.23
Max loss: $2.77
BE: 92.77 / 122.23
Mgmt: Adjust if spot nears any wing; exit at 50% max gain or before earnings if held.
#3
Call credit spread
Sell 2026-06-18 $120.00/$125.00 call spread
Sell 2026-06-18 call spread to collect premium on bearish bias.
Credit: $1.17-$1.43
Max loss: $3.57
BE: $121.43
Mgmt: Exit if INTC breaks above $110 or IV rises; manage early for decay.

Risk Alerts

!Extremely high IV (109%) relative to VIX.
!Negative dealer GEX (-$125M) adds downside vulnerability.
!Spot near max pain ($95) and support; break could accelerate.
How to Use These Reports
This theta reflects the market close on May 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.