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AAPL

Apple Inc.Close $299.24EOD only
Max Pain
$295.00
Next expiry Jun 17, 2026
Expected Move
±$2.97
1.0% from close
Price Gap
-4.24
Distance to max pain
IV Rank
94
High premium
P/C OI
0.72
Slightly call-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: Jun 16, 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 16, 2026 close
AAPL Earnings Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

AAPL shows strong bullish setup with pinning gamma, heavy call buying, and 100% beat rate. High confidence.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.5% from MP; +0.5 VIX 18
Most important: Massive call OI wall $320-$350 and put floor $240. Gamma pin at $298.
📈Bullish call texture: massive OTM call volume at zero premium suggests call sellers capping upside.
⚠️Put skew elevated; 300 put IV 39.6 implies hedging pressure.

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 59,773 (18.9% below spot)

Earnings Overview

Next earnings: 2026-07-30 (43 days)explicit

Expected moves:

  • 2026-06-18 (1d): ±$3.84 (1.3%)
  • 2026-06-22 (5d): ±$5.55 (1.9%)
  • 2026-06-24 (7d): ±$7.37 (2.5%)

IV Setup

Term structure: Front-end elevated with 43d to earnings; 1d ±1.3%, 5d ±1.9%, 7d ±2.5%.

Crush estimate: Modest post-earnings crush expected; current VIX 18.4.

Skew: Put skew elevated at 295-297.5 strikes; OTM calls cheap at 0.01.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Beat rate 100% (5/5); moves typically within expected range.

Directional bias: Bullish post-earnings drift historically.

Key Levels

1$240.00 gamma flip
2EM guardrails: 2d $292.11/$299.80; 1w $290.40/$301.50
3Max pain pins: $298 (2026-06-17); $270 (2026-06-18); $295 (2026-06-22)

Flow Highlights

Unusual 0.01 call volume at 302.5 and 300 strikes (20x and 14x OI), indicating aggressive selling or positioning.

Large call open interest suggests cap resistance; potential pinning or institutional hedging.

Concentrated put volume at 295 and 297.5 with low IV, but 300 put has elevated IV 39.6.

Put wall at 295/297.5 provides downside support; 300 put shows hedging demand.

Strategies

Iron Condor
Sell 2026-07-02 $290.00/$280.00 put wing and $310.00/$315.00 call wing
Credit: $2.30-$2.81
Max loss: $7.19
Max gain: $2.81
BE: 287.19 / 312.81
Trigger: Close near max profit or at 50% credit decay.
Highest confidence in range, avoids earnings risk.
Outperforms: Sell put/call wings for credit.
Underperforms: Move outside short strikes invalidates range thesis.
Bull Call Spread
Buy 2026-08-21 $320.00/$330.00 call spread
Debit: $1.75-$2.14
Max loss: $2.14
Max gain: $7.86
BE: $322.14
Trigger: Let run into earnings; exit if spot below 286.
100% beat rate supports upside.
Outperforms: Buy call spread, defined risk.
Underperforms: Loss of support weakens upside continuation thesis.
Call Diagonal
Sell 2026-06-26 $310.00 call / buy 2026-07-24 $300.00 call
Debit: $5.88-$7.19
Max loss: $7.19
Max gain: Variable
BE: Path-dependent
Trigger: Roll if early assignment risk; exit at 50% max gain.
Near-term IV elevated, bullish bias.
Outperforms: Sell front call, buy back call.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Long strangle
Buy 2026-08-21 $275.00 put + buy $330.00 call
Debit: $6.77-$8.28
Max loss: $8.28
Max gain: Unlimited
BE: 266.72 / 338.28
Earnings catalyst with high confidence; strangle cheaper than straddle and allows drift.
Outperforms: Cheap long-vol structure to capture post-earnings move directionally biased bullish.
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!Gamma flip risk at $240 (put OI concentration) if spot breaks below support.
!VIX 18.4 moderate; spike could disrupt pinning dynamics.
!Earnings 43 days away; long-dated options may decay slowly.

What to Watch

?Spot relative to max pain $298; pinning likely into June expiry.
?Any shift in put/call OI ratios or unusual activity in weekly options.
How to Use These Reports
This earnings reflects the market close on June 17, 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.