$Intel(INTC)$ INTC is setting up with bullish asymmetry, but I am waiting for confirmation before doing anything with it. Negative GEX favors expansion here. Call wall and max gamma are both at $70, put wall at $65, and pin tendency looks low.
The levels I am watching are $66.21, $68.76, and $70 on the upside, with $65, $64.12, and $63.99 below. Expected move is $62.31 to $69.21. The most likely outcome is bullish expansion if $66.21 breaks and holds, with the gamma flip still below spot.
The risk side is that realized volatility is running above implied volatility, and the daily trend is still weak. DDR is balanced and stale, so it is not giving much of a signal either way.
The idea would be long $66.14 to $66.56 after a breakout and retest, stop at $65.69, targets at $68.76 and $70. That works out to about 4.92R.
Watching the November 6 and November 20 expirations for volatility and updated dealer positioning.
Educational only, not financial advice.
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