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AAPL

Apple Inc.Close $312.06EOD only

Max Pain

$310.00

Next expiry Jun 1, 2026

Expected Move

±$3.59

1.1% from close

Price Gap

-2.06

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.71

Slightly call-heavy

Consensus

9.0/10

Bullish tilt

Published snapshot: May 29, 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 29, 2026 close

AAPL Flow Report

Analysis based on market close April 13, 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 13, 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 0.7% from MP; +0.5 VIX 19.1

Watch next session: Follow additional call flow and OI movement at $260.00 and $262.50 (GEX concentration at $260 is +$18.9M); Monitor put flow/rolls into $255.00 and $252.50 (max pain shifting and near-term put OI clusters)

Flow Summary

Net premium: +$134.9M bullish

P/C volume ratio: 0.79 — call-dominant (more call volume than put volume)

P/C OI ratio: 0.73 — moderate call lean in positioning

Large, concentrated call buying dominated flow today — net premium strongly bullish and consistent with the pre-computed 'Bullish' flow regime. Dealers are long gamma (Total GEX +$246.1M) and pins are forming just above spot (notably $260 and $262.50), which supports near-term pinning around $258-$260 while structural call OI sits out at $280-$310 as a farther-term cap.

Notable Prints

AAPL 2026-04-15 $257.50 Call

Vol: 27,162

OI: 270

Vol/OI: 100.6x

IV: 21.8%

Notional: ~$704.0M underlying equivalent (27,162 * $259.20 * 100)

Intent: Fresh directional call buying into near-term expiries to push/hold price above the $257.50/$260 area (bullish)

Dual read: Could be buyers (bullish) or a large sell-to-open overwriting program, but the large vol/OI and contemporaneous call flow across strikes point toward buying

Read-through: High-significance bullish demand that supports dealer delta hedging buy flows and reinforces the GEX pin at $260 (+$18.9M).

AAPL 2026-04-13 $257.50 Call

Vol: 56,329

OI: 804

Vol/OI: 70.1x

IV: 15.8%

Notional: ~$1,460.0M underlying equivalent (56,329 * $259.20 * 100)

Intent: Aggressive intraday/expiry-day call accumulation or closing/reopening into the same strike across expiries — directional bullish or roll/expiration activity

Dual read: Could be expiry pinning activity (sellers closing) or genuine buyer aggression; paired with other call prints bias is toward bullish buying

Read-through: Extremely large volume relative to OI on-expiry; if buyers, this materially increased short-delta for dealers and strengthens intraday upside pressure toward the $257.50-$260 pin.

AAPL 2026-04-13 $257.50 Put

Vol: 74,004

OI: 1,551

Vol/OI: 47.7x

IV: 6.6%

Notional: ~$1,918.3M underlying equivalent (74,004 * $259.20 * 100)

Intent: Expiry-day put selling or large unwind of protective puts (non-directional to bullish read)

Dual read: Could be aggressive put buying (bearish) or sellers/closing of puts ahead of expiry; the very low IV (6.6%) and heavy call skew in premium argue that much of this was expiry mechanics rather than new bearish positioning

Read-through: Because call prints at the same strike/expiry are also huge, this likely represents heavy expiry rolling/closing and contributes to pinning rather than signaling new bearish conviction.

AAPL 2026-04-13 $260.00 Call

Vol: 73,920

OI: 4,340

Vol/OI: 17.0x

IV: 3.5%

Notional: ~$1,915.9M underlying equivalent (73,920 * $259.20 * 100)

Intent: Massive expiry-related activity at the $260 strike — likely a mix of directional call buys and closing/resets into the $260/$262.50 pin zone

Dual read: If buy-side initiated, bullish; if sell-to-open programs, could be hedging/overwriting. Given net premium and GEX, reads as bullish demand supporting dealers' short-delta hedging

Read-through: Reinforces dealer gamma exposure concentrated at $260 ($+18.9M) — large flows here materially influence intraday pin behavior.

AAPL 2026-04-15 $260.00 Call

Vol: 14,842

OI: 1,336

Vol/OI: 11.1x

IV: 20.3%

Notional: ~$384.7M underlying equivalent (14,842 * $259.20 * 100)

Intent: Near-term call accumulation for weekend rollover / bullish exposure into next-week expiries

Dual read: Likely fresh buying (bullish) though could be part of structured spread opens

Read-through: Supports momentum north of spot toward $262.50-$265; adds to GEX concentration and dealer hedging that pins price.

Institutional Positioning

Call additions: Concentrated call buying clustered at $257.50-$265.00 (notably heavy activity at $257.50 and $260.00, plus GEX concentration at $260/$262.50). Structural call OI wall sits further out at $280-$310.

Put additions: Puts are present at $255.00 and $252.50 but size is smaller relative to calls (near-term put OI clusters: $255.00 OI=3,395; $252.50 OI=2,664; $220.00 is the largest put cluster but far OTM), suggesting limited large-scale new bearish protection.

GEX/DEX consistency: Yes — Total GEX +$246.1M and DEX +105.1M shares align with bullish call flow and pinning behavior around $258-$260.

OI clusters: Largest near-term OI clusters: calls concentrated at $265.00 (7,358 OI), $260.00 (4,340 OI), $262.50 (3,837 OI), $270.00 (3,271 OI); puts clustered at $220.00 (12,265 OI), $247.50 (4,033 OI), $250.00 (3,589 OI), $255.00 (3,395 OI). These create a near-term magnet between $255-$265 and a longer-term call cap toward $280-$310.

Hedging evidence: Evidence of dealer hedging consistent with bullish flow: large call buys force dealers into short-delta, so dealers buy stock when price falls and sell when it rises (net positive GEX). Some protective puts exist around $255-$252.50 but are modest relative to call premium flow — minimal large-scale collars detected.

Max pain context: Max pain pins are concentrated at $258 (today) shifting to $255 on the next expiries — current spot ($259.20) is effectively 'At' MP per regime. Flow and GEX suggest price will be held into the $255-$260 band in the near term.

Signal vs Noise

~Extremely high volume on 4/13 expiries (many contracts with tiny last prices/IV) likely includes expiry rolls and mechanical expiry hedging — not pure directional conviction.

~$257.50 and $260.00 4/13 prints show very low IV and massive vol/OI ratios — a material portion is likely expiry closing/rolling rather than new directional bulk.

~Large put prints at $257.50 (4/13) accompanied by massive call prints at same strikes look like expiry pinning/liquidations rather than fresh bearish position building.

~Some activity in deep OTM strikes (e.g., structural call OI $280-$310) is long-term structural positioning and acts as a cap but is not immediate directional flow for the next 2 trading days.

Key Conclusions

🐂Net premium +$134.9M and P/C volume 0.79 indicate clear call-dominant flow — bullish near-term posture toward $255-$262.50.

📌Dealers are long gamma (Total GEX +$246.1M) with concentration at $260 and $262.50 — expect pinning and reduced realized volatility near those levels.

⚠️Large expiry-day prints (4/13) create noise: heavy vol/OI ratios suggest rolls/closures; focus on additional follow-through prints at $260/$262.50 to confirm directional conviction.

🧭Key near-term support/resistance band is $255–$262.50 (EM guardrails and GEX/MP alignment); structural resistance sits out at the $280-$310 call wall.

👀Watch for incremental OI accumulation at $260/$262.50 and any sudden increase in put premium flow at $255 — those moves will confirm or invalidate the bullish thesis.

How to Use These Reports

This flow reflects the market close on April 13, 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.