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AAPL

Apple Inc.Close $298.87EOD only
Max Pain
$280.00
Next expiry May 15, 2026
Expected Move
±$5.27
1.8% from close
Price Gap
-18.87
Distance to max pain
IV Rank
87
High premium
P/C OI
0.72
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: May 13, 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
May 13, 2026 close
AAPL Earnings Report
Analysis based on market close May 14, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

AAPL in inter-earnings period with strong bullish flow and gamma pinning near $295-$300. Next earnings Jul 30.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 6.5% from MP; +1 VIX 17
Most important: Gamma pinning at $295-$300; call OI wall at $320; put floor at $240.
🔍Call OI wall at $320 acts as resistance, but heavy call buying at $295-300 suggests short-term bullish bias.
⚠️Large put volume at $302.5 may indicate hedging ahead of potential catalyst.
📊Gamma pinning near $295-$300, with high put OI at $280.

Regime Classification

Vol Regime
Normal
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above
Gamma flip: ~$240.00 — Approx — based on put OI concentration of 58,231 (19.5% below spot)

Earnings Overview

Next earnings: 2026-07-30 (77 days)explicit

Expected moves:

  • 2026-05-15 (1d): ±$3.87 (1.3%)
  • 2026-05-18 (4d): ±$5.22 (1.8%)
  • 2026-05-20 (6d): ±$7.04 (2.4%)

IV Setup

Term structure: Front-end vols moderate (20-24%), slight backwardation.

Crush estimate: N/A - No earnings event.

Skew: Put skew elevated below $280; calls elevated above $300.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Not applicable - inter-earnings period.

Directional bias: Historically bullish (100% beat rate last 5 quarters).

Key Levels

1$240.00 gamma flip
2EM guardrails: 2d $294.34/$302.08; 1w $291.16/$305.25
3Max pain pins: $280 (2026-05-15); $292 (2026-05-18); $285 (2026-05-20)

Flow Highlights

Large put order at $302.5 strike (21.4x OI) - bearish hedge.

Hedging against downside, but not extreme.

Heavy call buying at $295-$300 strikes for May 20 expiry.

Bullish bets pinned near resistance.

Strategies

Iron Condor
Sell 2026-05-22 $285.00/$280.00 put wing and $310.00/$315.00 call wing
Credit: $0.72-$0.87
Max loss: $4.13
Max gain: $0.87
BE: 284.13 / 310.87
Trigger: Manage near $295-$300; adjust if price breaches $280 or $310.
Gamma pinning and defined support/resistance favor short vega iron condor over bullish call diagonal given inter-earnings period.
Outperforms: Sells put and call wings to profit from range-bound price action.
Underperforms: Move outside short strikes invalidates range thesis.
Bullish Call Diagonal
Sell 2026-05-22 $310.00 call / buy 2026-06-26 $305.00 call
Debit: $5.64-$6.90
Max loss: $6.90
Max gain: Variable
BE: Path-dependent
Trigger: Roll if price nears $286.73 invalidation.
Bullish bias from historical beat rate but limited upside from call OI wall; iron condor preferred.
Outperforms: Longer-dated call bought, shorter-dated call sold to capture time premium.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Upside capped by call OI wall at $320.
!Downside support at $286.73 and $280.
!Gamma flip level at $240 acts as downside floor.

What to Watch

?Whether $295-$300 call activity extends further.
?Put OI concentration at $280 for potential floor.
?Sector momentum: QQQ up 0.71% today.
How to Use These Reports
This earnings reflects the market close on May 14, 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.