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AAPL

Apple Inc.Close $304.99EOD only

Max Pain

$295.00

Next expiry May 22, 2026

Expected Move

±$2.74

0.9% from close

Price Gap

-9.99

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.71

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 21, 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

May 21, 2026 close

AAPL Flow Report

Analysis based on market close April 6, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from April 6, 2026. A newer flow report is available for May 21, 2026.

View latest report

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

How to Use These Reports

This flow reflects the market close on April 6, 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.