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AAPL

Apple Inc.Close $311.23EOD only
Max Pain
$305.00
Next expiry Jun 5, 2026
Expected Move
±$3.17
1.0% from close
Price Gap
-6.23
Distance to max pain
IV Rank
38
Middle-high premium
P/C OI
0.70
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Jun 4, 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 4, 2026 close
AAPL Earnings Report
Analysis based on market close June 5, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

AAPL 55 days from earnings. Flow bullish, gamma pinning near $305-$310. Historical beat rate 100% suggests continued positive surprise potential.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.8% from MP; +0.5 VIX 22
Most important: Strong bullish flow with net premium $122M and low put/call ratio; earnings catalyst supportive.
📊Bullish flow despite near-term put buying; net premium +$122M.
⚠️100% beat rate may already be priced in; watch for sell-the-news.

Regime Classification

Vol Regime
Normal
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
At
Gamma flip: ~$240.00 — Approx — based on put OI concentration of 59,986 (21.9% below spot)

Earnings Overview

Next earnings: 2026-07-30 (55 days)explicit

Expected moves:

  • 2026-06-08 (3d): ±$6.75 (2.2%)
  • 2026-06-10 (5d): ±$9.42 (3.1%)
  • 2026-06-12 (7d): ±$10.62 (3.5%)

IV Setup

Term structure: Near-term IV inflated (VIX 21.5); longer-term IV lower with earnings decay expected.

Crush estimate: Moderate crush post-earnings (~2-3% IV decline).

Skew: Put skew elevated near expiry; call skew flatter.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Beat rate 100% (5/5); avg move within ±3% vs implied ±3.9%.

Directional bias: Bullish bias from consistent beats.

Key Levels

1$240.00 gamma flip
2EM guardrails: 2d $300.59/$314.09; 1w $297.91/$316.76
3Max pain pins: $305 (2026-06-05); $310 (2026-06-08); $308 (2026-06-10)

Flow Highlights

Heavy put volume in 0-DTE contracts ($310, $312.5 strikes) with high vol/OI ratios.

Likely hedging or bearish bets, but net premium remains strongly positive, indicating overall bullish sentiment.

Strategies

Iron Condor on AAPL
Sell 2026-07-17 $305.00/$300.00 put wing and $310.00/$315.00 call wing
Credit: $3.78-$4.62
Max loss: $0.38
Max gain: $4.62
BE: 300.38 / 314.62
Trigger: Close at 50% max gain or before earnings
Best for pinned range and IV crush
Outperforms: Sells put and call wings near $305-$310 to profit from low volatility
Underperforms: Move outside short strikes invalidates range thesis.
Short Strangle on AAPL
Sell 2026-07-17 $305.00 put + sell $310.00 call
Credit: $16.22-$19.83
Max loss: Unlimited
Max gain: $19.83
BE: 285.17 / 329.83
Trigger: Set stop-loss on breakout above $310 or below $305
High premium but unlimited risk
Outperforms: Sells naked put and call for time decay and IV contraction
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!Macro drag from SPY/QQQ weakness (-2.58%, -4.8%) could pressure AAPL.
!Gamma flip at $240 (put OI) may accelerate downside if breached.

What to Watch

?Spot holding above $305 support; max pain pinning.
?Unusual put activity near expiry for directional clues.
How to Use These Reports
This earnings reflects the market close on June 5, 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.