AAPL Flow Report

Analysis based on market close April 6, 2026

Directional Theta Gang Flow Earnings Consensus

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning)

Watch next session: $260.00 call OI buildup; GEX pinning at $257.50-$260.00

Flow Summary

Net premium: +$124.5M bullish

P/C volume ratio: 0.60 — call-dominant

P/C OI ratio: 0.72 — moderate call lean

Strong bullish flow with $124.5M net premium to calls, supported by positive GEX pinning. Institutions are buying near-term calls while hedging with puts at lower strikes.

Notable Prints

AAPL 4/8 $260.00 Call

Vol: 15,776

OI: 1,375

Vol/OI: 11.5x

IV: 28.1%

Notional: ~$2.5M (15,776 × $1.58)

Intent: Fresh directional call buying near spot

Dual read: Bought (bullish) or sold/overwritten (neutral)

Read-through: Consistent with bullish flow regime and GEX pinning at $260.00

AAPL 4/8 $257.50 Call

Vol: 10,839

OI: 508

Vol/OI: 21.3x

IV: 30.2%

Notional: ~$3.2M (10,839 × $2.92)

Intent: Directional call buying just below spot

Dual read: Bought (bullish) or sold/overwritten (neutral)

Read-through: Largest GEX concentration at $257.50 creates pinning magnet

AAPL 4/8 $265.00 Call

Vol: 10,875

OI: 1,018

Vol/OI: 10.7x

IV: 26.7%

Notional: ~$2.9M (10,875 × $0.27)

Intent: OTM call buying targeting upside to EM upper bound

Dual read: Bought (bullish) or sold/overwritten (neutral)

Read-through: Targeting $265.34 weekly EM upper bound with positive GEX support

AAPL 4/8 $255.00 Put

Vol: 7,324

OI: 402

Vol/OI: 18.2x

IV: 29.7%

Notional: ~$608K (7,324 × $0.83)

Intent: Protective put hedging near support

Dual read: Bought (bearish hedge) or sold (neutral/income)

Read-through: Hedging against breakdown below $255.00 support level

AAPL 4/10 $257.50 Put

Vol: 8,626

OI: 418

Vol/OI: 20.6x

IV: 27.6%

Notional: ~$2.1M (8,626 × $2.38)

Intent: Roll or hedge of near-term put positions

Dual read: Bought (bearish) or sold (neutral/income)

Read-through: Likely rolling from 4/8 expiration to 4/10 for time extension

Institutional Positioning

Call additions: $257.50-$265.00 calls in 4/8-4/13 expirations

Put additions: Protective $255.00-$257.50 puts, smaller size than calls

GEX/DEX consistency: Yes — positive $210.3M GEX aligns with bullish flow

OI clusters: $260.00 call (1,375 OI), $262.50 call (1,434 OI), $240.00 put (2,704 OI)

Hedging evidence: Moderate put flow at $255.00-$257.50 suggests institutional hedging

Max pain context: MP at $252.50-$250.00 across near-term expirations, spot above at $258.86

Signal vs Noise

~4/10 $257.50 put volume likely expiration roll from 4/8, not fresh bearish bet

~$90.00 call premium flow ($24.6M net) is deep ITM institutional positioning, not directional

~Low-volume strikes (<100 volume) with high IV are market maker adjustments, not flow signals

Key Conclusions

🐂Net premium $124.5M strongly bullish with call dominance

📌Positive GEX $210.3M creates pinning at $257.50-$260.00

🛡️Institutions hedging with puts at $255.00, defining near-term support

Read the Flow analysis for AAPL for 2026-04-06. This AI-generated report covers regime classification, key price levels, strategy recommendations, and actionable trade ideas drawn from end-of-day options data including gamma exposure, delta exposure, and implied volatility.