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AAPL

Apple Inc.Close $304.99EOD only
Max Pain
$295.00
Next expiry May 22, 2026
Expected Move
±$2.74
0.9% from close
Price Gap
-9.99
Distance to max pain
IV Rank
27
Middle-high premium
P/C OI
0.71
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: May 21, 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 21, 2026 close
AAPL Earnings Report
Analysis based on market close May 21, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

AAPL near ATH with bullish flow and gamma pinning. Earnings 70d out, IV low. High beat rate.

Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.4% from MP; +1 VIX 17
Most important: Spot hugging $310 resistance; call skew bullish but watch pinning at $295-$302.5.
🛡️Put wall at $295 continues to pin spot.
📈Call skew bullish momentum.
⚠️High put vol at $302.5 signals caution.

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 58,160 (21.3% below spot)

Earnings Overview

Next earnings: 2026-07-30 (70 days)explicit

Expected moves:

  • 2026-05-22 (1d): ±$2.74 (0.9%)
  • 2026-05-26 (5d): ±$4.59 (1.5%)
  • 2026-05-27 (6d): ±$5.44 (1.8%)

IV Setup

Term structure: Near-term IV low, upward sloping (0.9% 1d to 1.8% 6d).

Crush estimate: No earnings crush; event far (70d).

Skew: Call skew elevated; heavy 305 call volume; puts concentrated at 300-302.5.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Moves inline with implied.

Directional bias: Bullish (100% beat rate).

Key Levels

1$240.00 gamma flip
2EM guardrails: 2d $302.25/$307.73; 1w $300.40/$309.58
3Max pain pins: $295 (2026-05-22); $295 (2026-05-26); $298 (2026-05-27)

Flow Highlights

Heavy put buying at $302.5 May22 (33k vol vs 1.9k OI).

Hedging or bearish bet near max pain $295.

Large call volume at $305 May22 (104k vol).

Bullish positioning at resistance.

Strategies

Call Calendar
Sell 2026-05-29 $310.00 call / buy 2026-07-17 $310.00 call
Debit: $6.75-$8.26
Max loss: $8.26
Max gain: Variable
BE: Path-dependent
Trigger: Manage delta; roll if spot breaks $295 support.
Term structure upward sloping, bullish bias, near-term IV low vs back-month.
Outperforms: Sells near-term call, buys later call to capture IV expansion and bullish move.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Failure to hold $295 support.
!Macro selloff (VIX 17).
!Gamma flip risk if breakdown to $240.

What to Watch

?Spot action around $302.5 and $305 resistance.
?Put OI at $295.
?Volume of $305 call.
How to Use These Reports
This earnings reflects the market close on May 21, 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.