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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 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Bullish setup: 100% beat rate, strong bullish flow, gamma pinning near $292-$295. Expected moves moderate. High confidence.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.3% from MP; +1 VIX 16
Most important: Heavy put selling at $295 suggests downside protection, but overall flow bullish.
💡Heavy put selling at $295 may indicate hedging, but call OI at $300 suggests upside.

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 59,768 (19.0% below spot)

Earnings Overview

Next earnings: 2026-07-30 (45 days)explicit

Expected moves:

  • 2026-06-17 (2d): ±$4.49 (1.5%)
  • 2026-06-18 (3d): ±$5.49 (1.9%)
  • 2026-06-22 (7d): ±$6.59 (2.2%)

IV Setup

Term structure: Forward vol elevated, contango into earnings.

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

Skew: Put skew elevated, typical for tech.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Beat rate 100%; stock averaged moves within expected range.

Directional bias: Bullish bias from consistent beats.

Key Levels

1$240.00 gamma flip
2EM guardrails: 2d $291.93/$300.91; 1w $289.83/$303.01
3Max pain pins: $292 (2026-06-15); $295 (2026-06-17); $265 (2026-06-18)

Flow Highlights

Heavy put selling at $295 (131k vol vs 1.7k OI) and $297.5 put (20k vol vs 202 OI).

Unusual put activity suggests large institutional hedging or bearish sentiment; but call activity also strong.

Strategies

Iron Condor Pre-Earnings
Sell 2026-07-24 $285.00/$275.00 put wing and $310.00/$320.00 call wing
Credit: $3.40-$4.15
Max loss: $5.85
Max gain: $4.15
BE: 280.85 / 314.15
Trigger: Close at 50% max profit or before earnings to avoid IV crush.
Defined risk, high beat rate, bullish flow within expected range before IV crush.
Outperforms: Sells put and call wings to capture premium from elevated IV with defined risk.
Underperforms: Move outside short strikes invalidates range thesis.
Short Strangle
Sell 2026-07-24 $285.00 put + sell $315.00 call
Credit: $5.77-$7.06
Max loss: Unlimited
Max gain: $7.06
BE: 277.94 / 322.06
Trigger: Close before earnings or set stop-loss on directional move.
Higher premium but unlimited risk; bullish bias may protect put side if stock stays above 285.
Outperforms: Sells OTM put and call to collect premium from elevated IV.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!Earnings miss could break support at $292.5.
!IV crush may offset gains.
!Gamma flip if spot drops below $240.

What to Watch

?Earnings date: 2026-07-30.
?Price reaction at max pain $292.
How to Use These Reports
This earnings reflects the market close on June 15, 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.