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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 14, 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 14, 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; +0.5 VIX 18

Watch next session: Follow continued flow at $260-$265 calls (OI and additional buy prints); Large put prints or block sell of $255-$257.50 that would shift MP down toward $255

Flow Summary

Net premium: +$131.5M bullish

P/C volume ratio: 0.38 — heavy call-dominant today

P/C OI ratio: 0.73 — moderate call lean sitting on top of elevated call flow

Intraday flow is decisively bullish: large, concentrated call premium at $260-$270 and net premium +$131.5M. Dealers are long gamma/pin (GEX +$242.8M) so current flow and positive GEX create a pinning regime around near-term strikes just above spot.

Notable Prints

AAPL 2026-04-15 $260 Call

Vol: 95,622

OI: 4,430

Vol/OI: 21.6x

IV: 17.8%

Notional: ~$8.22M

Intent: Fresh directional call buying into same-day expiry (pin-seeking / short-dated bullish exposure)

Dual read: Aggressive call buys (bullish) OR dealer overwrites/flow facilitation (neutral if large sell to mm)

Read-through: Largest single expirational call flow — consistent with attempts to pin/keep spot near $260 and pushes dealer hedging to buy stock into dips, supporting a short-term bullish pin around $260.

AAPL 2026-04-15 $262.50 Call

Vol: 86,841

OI: 2,657

Vol/OI: 32.7x

IV: 18.5%

Notional: ~$2.34M

Intent: Short-dated directional call accumulation targeting a slightly higher pin

Dual read: Client buys (bullish) OR complex spread leg (e.g., part of call ladder) where leg volume inflates one strike

Read-through: Very high vol/OI ratio on a near-ATM strike — supports a short-term push above spot and reinforces dealer buy-into-dip dynamics; added evidence of pin pressure in the $260-$263 area.

AAPL 2026-04-15 $265 Call

Vol: 70,369

OI: 4,761

Vol/OI: 14.8x

IV: 20.4%

Notional: ~$703.7K

Intent: Directional call buying further OTM for short-term upside (spec or gamma-scalp)

Dual read: Purchased as directional upside (bullish) or as part of a call spread funded by nearby strikes (neutral)

Read-through: Reinforces stacking just above $260 — supports dealer hedging that buys stock on dips and sells into rallies, which keeps price weight around $260-$265.

AAPL 2026-04-15 $257.50 Put

Vol: 31,553

OI: 1,756

Vol/OI: 18.0x

IV: 18.3%

Notional: ~$2.59M

Intent: Protective/short-term hedging or put buying to express limited downside exposure into expiry

Dual read: Client buying protection (bearish hedge) OR synthetically balancing large call positions (collar/roll activity)

Read-through: Active put volume near spot suggests some participants seeking short-lived downside protection — but not large enough relative to call flow to offset bullish bias.

AAPL 2026-04-15 $260 Put

Vol: 24,490

OI: 1,665

Vol/OI: 14.7x

IV: 17.8%

Notional: ~$4.97M

Intent: Protective ITM put buying (risk-limited hedge) or put-heavy spread leg

Dual read: Bought puts (defensive) OR part of complex hedging around large call positions (neutral)

Read-through: Substantial ITM put volume into expiry coexisting with massive call flow — suggests a mix of directional bullish bets and protective hedges, but calls dominate net premium and dealer GEX response.

Institutional Positioning

Call additions: $260-$265 (heavy premium and volume), $270-$280 OI clusters in longer expirations; concentrated short-dated buying at $260 and $262.50

Put additions: Localized protective activity at $257.50 and $260 into Apr 15; larger longer-dated put OI sits below $250 ($240-$245), but today’s put flow is smaller than call flow

GEX/DEX consistency: Yes — positive Total GEX $242.8M and DEX +106.1M shares align with bullish call-heavy net premium (+$131.5M) and pinning regime

OI clusters: Heavy call OI concentration at $280-$310 (structural wall) and near-term call clusters at $270 (32,779 OI), $260 (26,663 OI), $265 (25,257 OI). Put OI clusters concentrate around $235-$245 and smaller clusters at $250-$260.

Hedging evidence: Some short-term protective puts at Apr-15 strikes ($257.50, $260) suggest tactical hedging; but aggregate hedging activity is overshadowed by call buying and positive GEX so large-scale collars are minimal.

Max pain context: Max pain pins at $258 (4/15) and $255 (4/17 & 4/20) — current flow and GEX support a pin near $258-$260 in the very near term.

Signal vs Noise

~Many of the largest prints are same-day expiry (2026-04-15) — these can be gamma/pin trades or expiry-driven positioning rather than durable directional positioning.

~$262.50C and $260C high vol/OI ratios could be short-dated gamma scalps executed by flow desks to harvest theta (non-structural directional signal).

~Some put activity (e.g., $257.50P, $260P) looks like protective hedging into expiry rather than new bearish conviction.

~Structural long-dated call OI at $280-$310 is a multi-expiry wall; single-day heavy call prints near ATM are not the same as long-term directional roll-ups.

Key Conclusions

🐂Net premium +$131.5M with P/C volume 0.38 — clear short-term bullish dominance concentrated at $260-$265.

📌Pinning regime: positive GEX +$242.8M and MP at $258 (4/15) mean dealers are likely buying stock into dips, creating a near-term magnet around $258-$262.

⚖️High same-day call prints (95k @ $260, 86k @ $262.5) are large but expiry-driven — watch whether buying repeats across expirations to confirm durable positioning.

🛡️Notable ITM put flow ($260P) indicates tactical hedging; however size is smaller than call notional, so hedges are not flipping directional bias.

🏗️Structural call OI wall out at $280-$310 remains a longer-term resistance band; near-term catalyst is likely to be the Apr 15/17 expiry action.

How to Use These Reports

This flow reflects the market close on April 14, 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.