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AAPL

Apple Inc.Close $312.51EOD only

Max Pain

$300.00

Next expiry May 29, 2026

Expected Move

±$2.77

0.9% from close

Price Gap

-12.51

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 28, 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 28, 2026 close

AAPL Flow Report

Analysis based on market close April 15, 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 15, 2026. A newer flow report is available for May 26, 2026.

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Flow Verdict

BiasBullish

Confirmation: Sustained call-side premium demand into the front two expiries (continued positive net premium and rising call volume at 260 267.50 strikes) and price holding above the $265

Invalidation: A session of dominant put premium (net premium flip negative) with price breaking and closing below the $257.50 support/GEX pin zone.

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.5% from MP; +0.5 VIX 18

Watch next session: Call follow-through in volume/premium at the $265

Flow Summary

Net premium: +$484.1M bullish

P/C volume ratio: 0.30

P/C OI ratio: 0.72

Flow is strongly bullish: deterministic net premium is +$484.1M with a low P/C volume ratio of 0.30 and a P/C OI ratio of 0.72, indicating call demand overwhelms puts today. Call buying concentration sits in the 260

270 neighborhood (largest premium flows at $260, $265, $262.50, $270) while top OI remains skewed into the 280

311 structural call wall. Two additional mid-sized prints require explicit mention: AAPL260420C00265000 (Vol=13,013) is ITM call accumulation at $265 (likely roll/upgrade into short-dated ITM exposure) and AAPL260417P00262500 (Vol=15,832) is front-week put flow that is consistent with expirational put-selling/liquidation rather than protective buying. These mid-sized prints reinforce near-term pinning in the mid-260s rather than signaling fresh bearish intent.

Notable Prints

AAPL260415P00265000

Vol: 36,814

OI: 107

Vol/OI: 344.1x

IV: 5.7%

Notional: ~$37K

Intent: Similar to the 262.50 put front-week print — aggressive put selling/expiration activity (large volume vs minimal OI).

Dual read: Vol/OI extreme (344.1x) and last $0.01 implies either structured expirational trades or systematic clearing of short-dated puts; not a classic protective put buy.

Read-through: Acts to depress short-dated put open interest and contributes to call-dominant net premium; supports dealer pinning around $265.

AAPL260415P00262500

Vol: 53,108

OI: 380

Vol/OI: 139.8x

IV: 13.3%

Notional: ~$53K

Intent: Large directional put selling / aggressive option trading into the front expiry (heavy flow but tiny OI baseline).

Dual read: High vol/OI (53,108 vol vs OI=380, 139.8x) with last $0.01 points to opening trades (likely buyers of calls or sellers of puts) or structured rolls; could be a fast expiration arbitrage rather than a protective buy.

Read-through: Net effect is call-leaning — these put prints reduce outstanding short-dated put risk and help sustain the bullish premium imbalance, supporting the pin in the mid-260s.

AAPL260422C00275000

Vol: 2,344

OI: 109

Vol/OI: 21.5x

IV: 24.9%

Notional: ~$218K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AAPL260415C00267500

Vol: 66,943

OI: 5,465

Vol/OI: 12.2x

IV: 4.4%

Notional: ~$67K

Intent: Fresh directional call buying into the front-week expiry (short-dated upside exposure).

Dual read: Could be short-covering or dealer pinning hedge given extremely low IV/last price, but the size (Vol=66,943 vs OI=5,465, vol/OI ~12.2x) suggests aggressive opening activity rather than simple closing.

Read-through: Reinforces near-term upside pressure and contributes to GEX concentration around $267.50 — expect dealer gamma selling that mops up downward moves and pins price near that level unless put flow resurfaces.

AAPL260415P00260000

Vol: 34,949

OI: 2,945

Vol/OI: 11.9x

IV: 20.3%

Notional: ~$35K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy call accumulation in the 260 270 neighborhood across front expiries (notably $260, $262.50, $265, $267.50, $270) with additional structural OI piled into the $280 311 call wall.

Put additions: Minimal

GEX/DEX consistency: Yes

OI clusters: Largest OI clusters are call-heavy: $280.00 (multiple listings totaling 51,962+83,011 OI entries), $300.00 and $270.00. Near-term OI shows concentration at $260-$270 supporting a short-term pin zone while the $280 311 area forms a structural resistance/wall.

Hedging evidence: Some protective hedging appears in the mid-to-longer-dated put book (OI clusters at $240

Max pain context: Max pain pins for the next expiries sit below spot ($258

Signal vs Noise

~Extreme vol/OI in front-week puts (AAPL260415P00265000 and AAPL260415P00262500) are likely expiration/roll or put-selling liquidation activity rather than fresh bearish positioning — interpret as flow that reduces put exposure rather than fresh long puts.

~Very low last prices / IV on some front-week prints (last $0.01) indicate expiry arbitrage or systematic expiration clearing, not directional conviction.

~Large structural OI at $280–$310 is multi-expiry and long-standing — single-session call buying beneath that wall is not an immediate breach signal but rather adds pressure toward it.

Key Conclusions

🐂Net flow is clearly bullish: +$484.1M net premium with dominant call demand concentrated at $260–$270; dealers’ positive GEX (+$583.2M) supports pinning in the mid-260s.

📌Primary short-term pin zone: $265.00–$267.50 (GEX concentrations). Price holding here would confirm dealer pinning and likely keep AAPL inside the 2–7 day expected move upper ranges.

⚠️Front-week put prints with extreme vol/OI are mostly expirational/put-selling flows (noise) — watch for genuine put premium re-emergence before changing bias.

How to Use These Reports

This flow reflects the market close on April 15, 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.