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AAPL

Apple Inc.Close $310.26EOD only
Max Pain
$305.00
Next expiry Jun 5, 2026
Expected Move
±$4.92
1.6% from close
Price Gap
-5.26
Distance to max pain
IV Rank
44
Middle-high premium
P/C OI
0.70
Slightly call-heavy
Consensus
9.0/10
Bullish tilt
Published snapshot: Jun 3, 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 3, 2026 close
AAPL Earnings Report
Analysis based on market close June 4, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

AAPL displays strong bullish setup with 100% historical beat rate and supportive flow.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 VIX 15
Most important: 100% beat rate and bull flow indicate potential upside surprise.
📈100% beat rate: AAPL has beaten earnings 5 consecutive quarters.
⚠️Heavy put activity at $310 suggests downside hedging.

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 59,867 (22.9% below spot)

Earnings Overview

Next earnings: 2026-07-30 (56 days)explicit

Expected moves:

  • 2026-06-05 (1d): ±$3.17 (1.0%)
  • 2026-06-08 (4d): ±$7.44 (2.4%)
  • 2026-06-10 (6d): ±$8.93 (2.9%)

IV Setup

Term structure: Short-dated IV elevated; longer-term IV modestly higher for earnings.

Crush estimate: Historical earnings IV crush ~20-30% post-event.

Skew: Puts active at 305/310; skew slightly bearish near term.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Avg earnings move ~2.5%, consistent with implied.

Directional bias: Bullish after 5 straight beats.

Key Levels

1$240.00 gamma flip
2EM guardrails: 2d $308.06/$314.40; 1w $302.31/$320.16
3Max pain pins: $305 (2026-06-05); $310 (2026-06-08); $308 (2026-06-10)

Flow Highlights

Unusual put volume at AAPL 2026-06-05 $310 Put: 39,427 vol vs 6,142 OI.

Bearish hedging or selling pressure near max pain.

Heavy call volume at $312.5 and $317.5 for 6/5 expiry.

Bullish sentiment targeting higher strikes.

Strategies

Iron Condor for Range-Bound Earnings
Sell 2026-07-17 $305.00/$300.00 put wing and $315.00/$320.00 call wing
Credit: $3.31-$4.04
Max loss: $0.96
Max gain: $4.04
BE: 300.96 / 319.04
Trigger: Close at 50% max profit or before earnings; adjust if spot breaches $305 or $315.
Only candidate; leverages 100% beat rate but macro headwinds and gamma pin keep AAPL range-bound; elevated IV offers attractive premium.
Outperforms: Sells premium in high-IV environment with support/resistance at $305-$315; benefits from IV crush post-event.
Underperforms: Move outside short strikes invalidates range thesis.

Risk Assessment

!Macro tech weakness (QQQ -0.48%) may limit upside.
!Earnings far out; near-term gamma pin at $305-$310.

What to Watch

?Put activity at $305 and $310 this week.
?Max pain levels for 6/5 and 6/8 expirations.
?Spot holding above $310 support.
How to Use These Reports
This earnings reflects the market close on June 4, 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.