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AAPL

Apple Inc.Close $283.78EOD only
Max Pain
$280.00
Next expiry Jun 29, 2026
Expected Move
±$4.81
1.7% from close
Price Gap
-3.78
Distance to max pain
IV Rank
10
Low premium
P/C OI
0.67
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Jun 26, 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 26, 2026 close
AAPL Earnings Report
Analysis based on market close June 29, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

AAPL low IV environment with strong bullish flow and 100% beat rate. Earnings tailwind but 31 days out.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.6% from MP; +1 VIX 18
Most important: Bullish flow with net premium +$92M and call volume dominance; pinning at $280 MP.
📈100% beat rate supports bullish lean; watch for confirmation.
⚠️Gamma flip at $240: downside protection but not invincible.
🔍Expiry day prints: 146k vol on 282.5C and 125k on 280P suggest pinning.

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 59,425 (14.8% below spot)

Earnings Overview

Next earnings: 2026-07-30 (31 days)explicit

Expected moves:

  • 2026-07-01 (2d): ±$5.19 (1.8%)
  • 2026-07-02 (3d): ±$6.46 (2.3%)
  • 2026-07-06 (7d): ±$7.53 (2.7%)

IV Setup

Term structure: Near-term IV low (3-6%), upward sloping to ~26% for 2-week out.

Crush estimate: Earnings crush not imminent; near-term crush minimal if spot stays.

Skew: Put skew elevated at downside strikes; $240 put OI concentration.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: N/A for current setup.

Directional bias: Bullish given 100% beat rate and positive flow.

Key Levels

1$240.00 gamma flip
2EM guardrails: 2d $276.55/$286.93; 1w $274.21/$289.26
3Max pain pins: $280 (2026-06-29); $278 (2026-07-01); $282 (2026-07-02)

Flow Highlights

Net premium +$92M, put/call vol ratio 0.59, OI ratio 0.70.

Strong call demand, retail and institutional bullish positioning.

Unusual print: 146k vol on 282.5C (OI 3,373) on expiry day.

Large expiring call volume suggests unwinding or pinning near $282.5.

Strategies

Long Strangle on AAPL
Buy 2026-07-31 $270.00 put + buy $295.00 call
Debit: $8.53-$10.42
Max loss: $10.42
Max gain: Unlimited
BE: 259.58 / 305.42
Trigger: Stop-loss at max loss $10.42; close before earnings if IV expands.
Only eligible candidate; low IV, bullish flow, 100% beat rate.
Outperforms: Buy 2026-07-31 $270 put and $295 call to capture earnings move with cheap premium.
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!Gamma flip at $240 provides downside buffer but not absolute.
!Earnings 31 days out; event risk minimal near-term.
!IV expansion risk from macro events (VIX 18).

What to Watch

?Spot reaction to $282.5 resistance, near max pain $280.
?Continued call volume at $285+ strikes.
?Put OI at $240 for support.
How to Use These Reports
This earnings reflects the market close on June 29, 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.