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AAPL

Apple Inc.Close $310.85EOD only

Max Pain

$300.00

Next expiry May 29, 2026

Expected Move

±$4.38

1.4% from close

Price Gap

-10.85

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.72

Slightly call-heavy

Consensus

8.0/10

Bullish tilt

Published snapshot: May 27, 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 27, 2026 close

AAPL Flow Report

Analysis based on market close April 8, 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 8, 2026. A newer flow report is available for May 26, 2026.

View latest report

Flow Verdict

Confidence:

9 / 10

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

Watch next session: Further call OI/premium accumulation at $260 (near-term pin) or $265 (near-term OI cluster); Flow into 2026-04-10 $257.50 strikes (both call & put) — if call volume outpaces puts again, reinforces pin

Flow Summary

Net premium: +$146.3M bullish

P/C volume ratio: 0.66 — call-dominant (meaningful skew to calls in today's trades)

P/C OI ratio: 0.71 — moderate call lean in positioning

Strong, concentrated call buying and premium flow is driving a bullish read with dealers long-GEX (+$258.7M) that creates a pinning environment. Short-dated activity clusters at/near $257.50-$260 (very close to spot) suggest institutions are anchoring exposure around current price while longer dated call OI sits out at $280-$310 as structural upside interest.

Notable Prints

AAPL 2026-04-10 $257.50 Call

Vol: 32,820

OI: 6,254

Vol/OI: 5.2x

IV: 30.6%

Notional: ~$9.75M

Intent: Fresh, short-dated directional call buying targeting a pin around the April 10 expiry

Dual read: Could be aggressive buy-to-open (bullish) or dealer/counterparty selling (overwriting) if done as part of larger structures.

Read-through: Large short-dated call flow concentrated 1% ITM implies institutional desire to keep spot near $257.50–$260 into expiry; this amplifies dealer hedging that contributes to pinning.

AAPL 2026-04-10 $257.50 Put

Vol: 16,227

OI: 2,001

Vol/OI: 8.1x

IV: 28.7%

Notional: ~$2.48M

Intent: Protective/short-dated hedge or part of a spread (short-dated put buying near spot)

Dual read: Could be legit protective buying (portfolio hedges) or roll/adjustment into the same strike as calls (complex structure).

Read-through: Paired with large call flow at same strike, suggests concentrated positioning around the 4/10 expiry — could be two-sided flow (spreads) but call dominance in premium still favors bullish tilt.

AAPL 2026-07-17 $220.00 Call (ITM long-dated)

Vol: 2,333

OI: 339

Vol/OI: 6.9x

IV: 40.6%

Notional: ~$10.30M

Intent: Long-dated directional bullish position (LEAP-style call accumulation) or part of a diagonal/structured position

Dual read: Could be buying deep ITM calls for delta exposure or issuance/roll from another dealer; either way it's a large notional directional exposure to the upside.

Read-through: Institutional players are establishing multi-month upside exposure — complements short-dated pinning and signals confidence in higher prices beyond near-term expiries.

AAPL 2026-04-13 $265.00 Call

Vol: 9,636

OI: 2,230

Vol/OI: 4.3x

IV: 22.3%

Notional: ~$0.63M

Intent: Short-term bullish call accumulation just OTM (2% from spot) — likely directional buying or leg of a call spread

Dual read: Could be bought OTM calls for asymmetric upside or part of a call spread with sold nearer-dated strikes.

Read-through: Supports momentum to the upside around $262.50–$265; adds to pinning pressure as dealers hedge deltas if price moves toward these strikes.

Institutional Positioning

Call additions: Concentrated call premium at $260.00 ($24.35M premium) and heavy short-dated call volume at $257.50 and $265.00; structural long OI sits out at $280-$310 (large call wall). Near-term chain shows OI clusters at $265 (17,511), $270 (14,414), $275 (13,287).

Put additions: Notable short-dated put activity at $257.50 (16,227 vol) and $255.00 (14,300 vol) but overall put OI is smaller vs calls; protective puts exist but are smaller relative to call premium flow.

GEX/DEX consistency: Yes — positive Total GEX $+258.7M and DEX +108.6M shares align with bullish/pinning flow and concentrated near-spot action.

OI clusters: Largest OI clusters creating potential price magnets/walls: call concentration around $265-$275 (17,511 / 14,414 / 13,287) and structural call OI ladder at $280-$310 (82,349 at $280, 61,051 at $300, 37,955 at $310). Put clusters are thin near spot (notable at $247.50/ $245 historically) but smaller than calls.

Hedging evidence: Short-dated protective activity exists (e.g., $257.50 and $255.00 puts) but the dominant picture is directional call accumulation; limited evidence of large-scale collars today — more directional long-call/LEAP accumulation instead of broad put-wrap hedges.

Max pain context: Max pain pins are at $258 (today) trending toward $250 across expiries; combined with concentrated short-dated flow around $257.50-$260 this implies dealers will be incentivized to hedge toward that pin in the next sessions.

Signal vs Noise

~Large long-dated ITM $220 Jul calls (2026-07-17) are likely structured/positioning trades (LEAPs) rather than immediate price pressure; treat as directional exposure but not a near-term catalyst.

~Matched high volume at both $257.50 call and put on 4/10 suggests some of the flow is two-sided structures or spreads — pure directional read should emphasize the heavier call premium contribution.

~Some high-volume activity at short-dated strikes (4/10 expiries) could include expiration rolls/adjustments; check for corresponding opening/closing prints to distinguish rolls from fresh bets.

Key Conclusions

🐂Net premium is strongly bullish today (+$146.3M) and P/C volume (0.66) confirms call-dominant flow near spot.

📌Pin risk elevated: heavy short-dated flow at $257.50-$260 with positive GEX (+$258.7M) makes $257.50–$260 the likely near-term magnet into April expiries.

🧭Watch $260 for OI/premium buildup — additional call accumulation there would reinforce bullish thesis and dealer hedging that keeps price anchored.

⚖️Two-sided activity at the 4/10 $257.50 strikes (large calls and sizable puts) suggests some spread/structure risk — interpret single-strike prints in context before assuming pure directional intent.

📈Long-dated ITM calls (e.g., $220 Jul) show institutional multi-month bullish positioning — supports sustained upside bias beyond near-term pinning.

How to Use These Reports

This flow reflects the market close on April 8, 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.

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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.