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AAPL

Apple Inc.Close $291.13EOD only
Max Pain
$292.50
Next expiry Jun 15, 2026
Expected Move
±$3.87
1.3% from close
Price Gap
+1.37
Distance to max pain
IV Rank
56
Middle-high premium
P/C OI
0.71
Slightly call-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: Jun 12, 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 12, 2026 close
AAPL Earnings Report
Analysis based on market close June 12, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Earnings 48d out; near-term flow bullish, pinned at $295.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.3% from MP; +1 VIX 18
Most important: Gamma pinning $295; heavy 0DTE call vol; 100% beat rate.
📈100% beat rate, bullish flow but earnings far.
⚠️Gamma flip risk at $240 if selloff intensifies.

Regime Classification

Vol Regime
Normal
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Below
Gamma flip: ~$240.00 — Approx — based on put OI concentration of 59,751 (17.6% below spot)

Earnings Overview

Next earnings: 2026-07-30 (48 days)explicit

Expected moves:

  • 2026-06-15 (3d): ±$3.87 (1.3%)
  • 2026-06-17 (5d): ±$6.43 (2.2%)
  • 2026-06-18 (6d): ±$7.22 (2.5%)

IV Setup

Term structure: Normal contango; earnings far, front-end IV low ~5-25%.

Crush estimate: Not applicable until week before earnings.

Skew: Slight put skew on 0DTE; call skew on weekly.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: N/A - earnings far out.

Directional bias: Bullish: 100% beat rate (5/5).

Key Levels

1$240.00 gamma flip
2EM guardrails: 2d $287.26/$295.00; 1w $284.71/$297.56
3Max pain pins: $295 (2026-06-12); $292 (2026-06-15); $298 (2026-06-17)

Flow Highlights

Massive 0DTE $292.50 Call volume (145k vs 8.7k OI).

Aggressive bullish positioning near max pain; likely closing or pinning play.

Heavy 0DTE $290 Put volume (130k vs 8.3k OI).

Hedging or straddle activity; downside protection.

Strategies

Pre-Earnings Iron Condor
Sell 2026-07-02 $280.00/$275.00 put wing and $295.00/$300.00 call wing
Credit: $2.28-$2.78
Max loss: $2.22
Max gain: $2.78
BE: 277.22 / 297.78
Trigger: Exit before earnings or if spot breaks $280-$300
Pinning at $295; low IV; defined risk; range-bound
Outperforms: Harvest premium from tight range and low front-end volatility
Underperforms: Move outside short strikes invalidates range thesis.
Long straddle
Buy 2026-08-21 $295.00 put + buy $295.00 call
Debit: $23.40-$28.60
Max loss: $28.60
Max gain: Unlimited
BE: 266.40 / 323.60
100% beat rate, low IV; earnings 48d out, cheap premium
Outperforms: Vol expansion on earnings; buy straddle for move regardless of direction
Underperforms: Under-realized move and IV crush hurt long-vol thesis.
Long strangle
Buy 2026-08-21 $280.00 put + buy $310.00 call
Debit: $12.62-$15.43
Max loss: $15.43
Max gain: Unlimited
BE: 264.57 / 325.43
Gamma pin at 295; OTM strikes lower cost, capture tails
Outperforms: Cheaper long-vol; profit from large move with less premium
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!Gamma flip at $240 (put OI wall).
!Resistance at $295 (max pain) and $300 (call wall).
!Low VIX (17.68) could amplify moves on surprise.

What to Watch

?$295 max pain pin for Friday close.
?IV expansion if spot breaks $300.
?Earnings date: 7/30; watch for early positioning.
How to Use These Reports
This earnings reflects the market close on June 12, 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.