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AAPL

Apple Inc.Close $308.82EOD only
Max Pain
$300.00
Next expiry May 26, 2026
Expected Move
±$3.54
1.1% from close
Price Gap
-8.82
Distance to max pain
IV Rank
45
Middle-high premium
P/C OI
0.71
Slightly call-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: May 22, 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 22, 2026 close
AAPL Earnings Report
Analysis based on market close May 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

AAPL 65 days from Q3 earnings; current setup bullish with heavy call flow and gamma pinning near 305. 100% beat rate adds bullish bias.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.1% from MP; +1 VIX 17
Most important: Aggressive call buying in 312.5C (31x OI) suggests upside skew; put/call ratio 0.43 confirms bullish sentiment.
📈Massive call volume on 312.5C (31x OI) indicates bullish momentum.

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 58,556 (22.2% below spot)

Earnings Overview

Next earnings: 2026-07-30 (65 days)explicit

Expected moves:

  • 2026-05-27 (1d): ±$2.90 (0.9%)
  • 2026-05-29 (3d): ±$5.13 (1.7%)
  • 2026-06-01 (6d): ±$6.12 (2.0%)

IV Setup

Term structure: Short-term IV low (5-19%), upward sloping.

Crush estimate: N/A; earnings 65 days out.

Skew: Call skew elevated; put/call volume ratio 0.43.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: No avg move data; beat rate 100% (5/5).

Directional bias: Bullish, consistent beats.

Key Levels

1$240.00 gamma flip
2EM guardrails: 2d $305.43/$311.22; 1w $302.21/$314.44
3Max pain pins: $305 (2026-05-26); $300 (2026-05-27); $300 (2026-05-29)

Flow Highlights

31x OI call buying on 312.5C (108k vol vs 3.5k OI).

Bullish speculation expecting upside breakout.

Strategies

Call Calendar on Uptrend
Sell 2026-06-05 $310.00 call / buy 2026-07-17 $310.00 call
Debit: $6.10-$7.45
Max loss: $7.45
Max gain: Variable
BE: Path-dependent
Trigger: Exit if stock breaches 305; roll if vol spikes.
Upward sloping term structure and bullish sentiment make this ideal for time decay and vol expansion.
Outperforms: Sell near-term call, buy back-month call to capture theta and vol premium.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Iron Condor for Low Vol
Sell 2026-06-26 $300.00/$290.00 put wing and $320.00/$330.00 call wing
Credit: $3.78-$4.62
Max loss: $5.38
Max gain: $4.62
BE: 295.38 / 324.62
Low near-term IV and gamma pinning make theta collection attractive with downside protection.
Outperforms: Sell OTM put and call wings to profit from range-bound movement.
Underperforms: Move outside short strikes invalidates range thesis.
Bull call spread
Buy 2026-05-29 $307.50/$310.00 call spread
Debit: $1.13-$1.38
Max loss: $1.38
Max gain: $1.12
BE: $308.88
Heavy call flow and 100% beat rate; use post-earnings expiration.
Outperforms: Bullish on AAPL earnings beat; defined-risk upside.
Underperforms: Loss of support weakens upside continuation thesis.

Risk Assessment

!Low near-term risk; no earnings event. Gamma pinning at 305-300 supports range.

What to Watch

?July 30 earnings; continuation of call flow and gamma levels.
How to Use These Reports
This earnings reflects the market close on May 26, 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.