INTC sitting in short-gamma territory right now, this earnings feels different
u/MochiHill ·
Reddit — r/smallstreetbets
· July 20, 2026 at 10:43
· ⬆ 17 pts
· 💬 8 comments
| View on Reddit ↗
No analysis available.
Score17
Comments8
Upvote %87%
▶ Full Post Text
Been watching $INTC closely and the options positioning is kinda wild heading into earnings.
Price was hovering around $95, down about 2% on the day, and it's sitting below the gamma flip at $97. That means dealers are hedging directionally, so any move tends to accelerate instead of getting absorbed. Not a pinning environment at all.
The put wall at $96 is the level to watch. If that breaks, a short-gamma regime basically means you could see a fast drop with nothing to slow it down. The call wall up at $100 is the ceiling if bulls try to take control.
Pulled this from moomoo's Gamma Exposure tool and honestly it laid out the setup really clearly. Not taking a directional bet myself but the mechanical risk here is real.
Anyone positioning for the earnings move, or sitting this one out?