base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 6.3% from MP; +0.5 VIX 19; override: Pinning risk offsets high vol and bullish flow
Term structure: Front-month put skew extreme; back-month elevated
Spot vs MP: Above
GEX regime: Pinning ($+79.2M)
Gamma flip: ~$100.00 — Approx — based on put OI concentration of 23,903 (24.7% below spot)
OI concentrations: Put OI concentrated ~24.7% below spot near $125; call wall $150-170
#1Put credit spread
Sell 2026-07-24 $125.00/$123.00 put spread
Sell $125/$123 put spread collecting ~$0.77 credit; max loss $1.23 if INTC below $123.
Mgmt: Close at 50% profit or if INTC breaches $125 support.
#2Iron condor
Sell 2026-07-24 $125.00/$123.00 put wing and $135.00/$137.00 call wing
Sell $125/$123 put wing and $135/$137 call wing; net credit ~$1.87; max loss $0.13.
Mgmt: Close at 50% profit or if price nears wings; adjust if volatility shifts.
#3Put calendar
Sell 2026-07-17 $125.00 put / buy 2026-07-24 $125.00 put
Sell Jul 17 $125 put, buy Jul 24 $125 put; net debit ~$2.78; variable max gain.
Mgmt: Monitor IV; close if term structure flattens or spot moves to $125.
!Pin risk at max pain $125
!High put IV indicates downside fear
!Earnings or event risk? Check calendar