Intel Options Trading Volume Surges Ahead of Earnings Release

Summary

Intel (INTC) is seeing massive options activity, with call volume hitting 70-71% of total trades Options Flow+ 2, ahead of its Q2 2026 earnings on July 23 TradingKey+ 2. Analysts expect $14.4B in revenue and $0.10 EPS, while the options market anticipates a 15% price swing TradingKey.

Impact Analysis

So basically, the options market is treating this July 23 earnings print like a high-stakes referendum on Intel’s entire turnaround. Seeing call volume consistently hit 70-71% Options Flow+ 2 while the stock hovers near $98.50 support benzinga_article suggests a high-conviction bet on a positive surprise. The interesting part isn’t the $14.4B revenue target TradingKey; it’s the 15% implied move, which is well above the historical 12.4% average TradingKey.

This is really about whether the 18A process and the ASML High-NA EUV deployment benzinga_article are finally moving from ‘hype’ to ‘execution.’ While the stock corrected 17% from its peak TradingKey, the heavy options volume indicates traders are positioning for a violent re-rating. If Gelsinger shows any narrowing in Foundry losses TradingKey or a Xeon-led AI demand surge AnueSec, we could see a massive squeeze. I’d watch the $89.45 level TradingKey—if that support fails post-earnings, the ‘AI recovery’ narrative is likely broken for the year.