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AAPL

Apple Inc.Close $308.82EOD only

Max Pain

$300.00

Next expiry May 26, 2026

Expected Move

±$3.54

1.1% from close

Price Gap

-8.82

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.71

Slightly call-heavy

Consensus

8.0/10

Bullish tilt

Published snapshot: May 22, 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 22, 2026 close

AAPL Flow Report

Analysis based on market close April 7, 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 7, 2026. A newer flow report is available for May 21, 2026.

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Flow Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.6% from MP

Watch next session: Flows into $250–$255 calls (especially any add-on to 4/08 expiries); Put buying at $245-$250 or growing OI at $260 puts that would offset call-led GEX

Flow Summary

Net premium: +$277.8M bullish

P/C volume ratio: 0.60 — call-dominant (strong)

P/C OI ratio: 0.70 — moderate call lean in positioning

Intraday flow is decisively call-biased, concentrated around near-term strikes $250–$257. Dealers are long gamma (GEX +$104.9M) and likely buying stock into weakness, supporting a pin-to-the-upper-near-term max pain. Activity is concentrated in front-week expirations (4/08–4/13) which creates a short-dated bullish gamma environment.

Notable Prints

AAPL 2026-04-08 $252.50 Call

Vol: 80,636

OI: 354

Vol/OI: 227.8x

IV: 41.9%

Notional: ~$21.86M

Intent: Fresh directional call buying into the 4/08 expiry aimed at pinning/short-gamma exposure for sellers

Dual read: Could be buy-to-open (bullish) or large dealer sell/overwrite activity (less likely given net premium skew)

Read-through: Very large short-dated call flow at-the-money — reinforces dealer positive GEX and increases pinning pressure around $252.50–$255 into expiration

AAPL 2026-04-08 $255.00 Call

Vol: 83,351

OI: 1,442

Vol/OI: 57.8x

IV: 38.1%

Notional: ~$11.17M

Intent: Directional call accumulation / roll-up from lower strikes; liquidity buyers hitting OTM calls

Dual read: Aggressive buyers (bullish) or part of a call spread package (bullish but hedged)

Read-through: Substantial flow into $255 shows participants buying upside near the next near-term MP levels ($255/$257.50), reinforcing upside pin magnet

AAPL 2026-04-08 $250.00 Call

Vol: 63,406

OI: 192

Vol/OI: 330.2x

IV: 46.9%

Notional: ~$28.53M

Intent: Aggressive ITM call buys (likely directional or conversions of stock exposure) to lock in upside participation into expiry

Dual read: Could be buy-to-open (bullish) or exercise/close-intent by parties rolling exposures; size and ITM nature point to bullish positioning

Read-through: Heavy ITM call flow signals participants prefer direct upside exposure rather than further OTM leverage — adds to short-dated bullish gamma

AAPL 2026-04-08 $247.50 Call

Vol: 23,143

OI: 143

Vol/OI: 161.8x

IV: 61.0%

Notional: ~$15.17M

Intent: Early-week directional buying or conversion/roll of lower strikes into the front-week; high IV suggests urgency

Dual read: Could be exercised/close mechanics around ITM calls or fresh bullish buying

Read-through: Concentration of ITM buys below spot supports conviction to hold spot or push higher into expiry

AAPL 2026-04-08 $257.50 Call

Vol: 35,223

OI: 738

Vol/OI: 47.7x

IV: 36.3%

Notional: ~$1.94M

Intent: Buyers taking upside exposure slightly above near-term max pain; likely directional with limited hedging

Dual read: Could be leg of larger spread or directional call buying

Read-through: Adds incremental upside demand around the $257.50 pin area and supports dealer selling/gamma exposure that will be hedged by buying stock

Institutional Positioning

Call additions: $250–$257.50 concentrated in short-dated expiries (4/08–4/13) with significant premium flow at $250 ($69.9M net) and $255 ($29.5M net); larger structural OI sits out at $280–$310 (call wall).

Put additions: Lighter — puts show activity at $250 (vol/OI high but smaller net premium) and scattered protective buys at $245–$242.50; net premium across strikes is heavily call-skewed.

GEX/DEX consistency: Yes — large positive GEX (+$104.9M) and DEX (+104.239K shares) align with call-heavy flow and pinning regime; dealers are long gamma and likely buying stock into dips.

OI clusters: Concentrated call OI clusters at $260 (11,193), $265 (13,437), $270 (14,825) and large structural concentration at $280–$310 create multi-layered upside OI walls; put OI clusters are smaller and sit below at $247.50 (7,292) and $245 (5,739).

Hedging evidence: Front-week activity shows short-dated call pressure (dealers short gamma) and corresponding dealer buying of shares — limited evidence of large protective collars; some put IV spikes (e.g., $242.50 put IV 54.3%) show tail-hedge interest but far smaller notional than call flow.

Max pain context: Near-term max pain pins at $257.50 (4/08) then $255 across subsequent expiries. Current spot ($253.50) is below MP but heavy front-week call flow is pushing pin expectations back up toward $255–$258.

Signal vs Noise

~A lot of the front-week activity (large volume / tiny OI) is characteristic of expiry buying/rolls into 4/08 — part of expected expiry dynamics rather than long-term directional conviction.

~High vol/OI ratios on ITM calls (e.g., $250/$252.50) can be dealers unwinding or buyers executing conversions; treat single-day extreme vol/oi as expiry-driven, not necessarily a multi-day trend.

~Small-volume high-IV puts (e.g., $242.50 IV 54.3%, $245 IV 50.2%) look like tail hedges — directional signal is weak relative to dominant call premium.

~Large structural OI at $280–$310 is long-dated wall behavior and likely not relevant to immediate front-week pinning (separate positioning cohort).

Key Conclusions

🐂Front-week flow is strongly call-biased (Net premium +$277.8M, P/C vol 0.60) concentrated at $250–$257.50 — odds favor pinning toward $255–$258 over next few sessions.

🧭Positive dealer GEX (+$104.9M) implies dealer hedging will buy stock on dips, creating asymmetric downside support while call sellers face short gamma into 4/08.

🔎Watch for sustained add-on to $250–$255 calls or sudden large put prints; either will confirm or invalidate the near-term bullish thesis.

⚠️Much of the volume is expiry-driven (very high vol/OI ratios). Treat one-day extreme vol/OI in front-week strikes as potentially noisy — look for follow-through tomorrow.

🧱Key technical anchors: supports at $255 and $250 (dealer/put concentration, near-term MP), resistance cluster around $260–$270 (GEX pin magnets and call OI).

How to Use These Reports

This flow reflects the market close on April 7, 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.