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AAPL

Apple Inc.Close $290.55EOD only

Max Pain

$305.00

Next expiry Jun 10, 2026

Expected Move

±$4.02

1.4% from close

Price Gap

+14.45

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.71

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: Jun 9, 2026 close

End-of-day snapshot

This page reflects AAPL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Jun 9, 2026 close

AAPL Directional Report

Analysis based on market close June 9, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias supported by strong dealer gamma and bullish flow; spot below MP but GEX/flow aligned, aiming for $305 pin.

Confidence:

8 / 10

Base 5 from directional alignment; +2 GEX/flow strongly aligned; +1 GEX positive pinning; -0.5 spot distance from MP; +0.5 VIX 20

Supports: Strong dealer gamma $+189.6M, bullish flow, VIX elevated supporting vol premium
Conflicts: Spot 4.7% below MP, short-term resistance $300, market weakness (QQQ -1.15%)

🏛️Dealer gamma $+189.6M supports bullish pinning

📉Spot at $291 far from MP $305, may need catalyst

💹VIX at 19.87 provides favorable vol environment

⚠️QQQ -1.15% negative sector context

Regime Classification

Vol Regime

Normal

Vol is Elevated; IV rich vs VIX at 19.87, offering premium selling opportunities.

Gamma Regime

Pinning

Pinning; GEX $+189.6M positive, strong dealer short gamma near $240, current gamma pinning near $305 max pain.

Flow Regime

Bullish

Bullish flow; net premium positive, put/call ratio supports upside.

Spot vs Max Pain

Below

Spot $291.13 is 4.7% below max pain $305, pinning attraction but leaning bullish.

Thesis duration: Multi-week — Multiple expiry cycles with strong GEX and bullish flow suggest multi-week directional thesis.

Price Range Forecast

Next 2 days

$286.53$294.57

Supported by GEX pinning toward $305; resist $294.5.

Next 1 week

$282.35$298.75

Pinning effect strengthens; aiming for $300+.

Next 2 weeks

$279.35$301.75

Max pain $305 target; structural support at $279.

Key Levels

Max pain pins: $305 (2026-06-10); $305 (2026-06-12); $310 (2026-06-15)

EM guardrails: 2d $286.53/$294.57; 1w $282.35/$298.75

Support: $279.35

Resistance: $300.00 · $301.75 · $305.00

Gamma flip: ~$240.00 — Approx — based on put OI concentration of 59,788 (17.4% below spot)

Structural: MP: $305 (Jun10), $305 (Jun12), $310 (Jun15). EM: 2d $286.53/$294.57, 1w $282.35/$298.75. Support $279, resistance $300, $301.75, $305. Gamma flip ~$240.

Dealer Positioning (GEX/DEX)

GEX: $+189.6M

DEX: +141.3M shares

Gamma flip: ~$240 (Approx — based on put OI concentration of 59,788 (17.4% below spot))

NTM gamma: GEX $+189.6M positive (gamma long near $305 pin); DEX +141.3M shares; gamma flip ~$240 from put OI concentration.

IV Analysis

IV vs VIX: AAPL IV rich vs VIX; VIX 19.87 but AAPL IV typically lower; elevated IV offers premium selling opportunities.

Term structure: Term structure in contango; front-month implied vol lower than back; near-term events may kink.

Skew: Skew relatively flat; opportunity in upside call spreads given bullish GEX pinning.

Flow Analysis

Net premium: Net premium $38.2M positive, P/C vol 0.69, bullish call flow.

Directional prints: 23.6 call 295 OTM 2026-06-10 — Vol/OI 433.6x, new opening. Likely bought for upside; bearish if sold. Preferred read: bullish. 24.8 call 297.5 OTM 2026-06-10 — Vol/OI 225.9x, aggressive call buying. Bullish bet; could be sold as write but volume suggests buy. Preferred read: bullish. 24.6 put 287.5 OTM 2026-06-10 — Vol/OI 243.7x, large put volume. Hedging or bearish speculation; downside protection likely. Preferred read: bearish hedge.

Unusual: 23.6 call 295 OTM 2026-06-10 — Vol 61k vs OI 141, extreme spike. Likely institutional call buying. 24.6 put 287.5 OTM 2026-06-10 — Vol 54.6k vs OI 224, unusual put activity. Hedging or bearish. 26.8 call 300 OTM 2026-06-10 — Vol 68k vs OI 1087, massive turnover. Speculative upside bet.

Risks & Catalysts

!Sector weakness QQQ -1.15%

!Spot distance from MP may delay rally

!Gamma flip at $240 could accelerate selloff if breached

!Market context negative (SPY -0.29)

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate-Strong	Buy 2026-08-21 $295.00/$305.00 call spread Why now: Dealer gamma and bullish flow align with upward drift; defined-risk spread caps cost.	Time decay and spot distance from targets if rally stalls.
Put credit spread	Moderate	Sell 2026-07-17 $280.00/$270.00 put spread Why now: Bullish flow and dealer gamma reduce tail risk; credit spread offers defined risk.	Unexpected selloff could test short put strike.

Top Plays

Bull call spread

Buy 2026-08-21 $295.00/$305.00 call spread

Captures upside to $305 pin with defined risk.

Why this play: Dealer gamma and bullish flow support upward drift; defined-risk spread maximizes upside.

Debit: $3.78-$4.62

Max loss: $4.62

BE: $299.62

Mgmt: Exit if spot closes below $279.35; close at 50% max gain or before expiration.

Aggressive traders seeking near-term upside.

Put credit spread

Sell 2026-07-17 $280.00/$270.00 put spread

Collects premium while protecting downside via dealer positioning.

Why this play: Bullish bias reduces tail risk; credit spread capital efficient.

Credit: $1.88-$2.29

Max loss: $7.71

BE: $277.71

Mgmt: Roll if spot nears $280; close at 50% max profit.

Conservative traders wanting limited risk bullish exposure.

Watchlist Triggers

Entry Triggers

IFSpot holds above $279.35 and breaks above $300 → Enter bull call spread: Buy 2026-08-21 $295/$305 call spread

IFSpot stays above $279.35 and shows bullish momentum → Enter put credit spread: Sell 2026-07-17 $280/$270 put spread

Adjustment Triggers

ADJSpot nears $280 on put credit spread (within 1-2%) → Roll put credit spread to lower strikes or close for 50% max profit

Exit Triggers

EXITSpot closes below $279.35 (invalidation level) → Exit all positions: close bull call spread and put credit spread

Tactical Summary

Bullish bias with $305 pin target. Dealer gamma and flow support drift higher. Enter bull call spread on breakout above $300 or put credit spread if support holds. Exit below $279.35. Adjust put credit spread if spot approaches $280.

How to Use These Reports

This directional reflects the market close on June 9, 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.