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AAPL

Apple Inc.Close $266.17EOD only
Max Pain
$270.00
Next expiry Apr 22, 2026
Expected Move
±$3.67
1.4% from close
Price Gap
+3.83
Distance to max pain
IV Rank
23
Low premium
P/C OI
0.68
Slightly call-heavy
Consensus
6.5/10
Range bias
Published snapshot: Apr 21, 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
Apr 21, 2026 close
AAPL Flow Report
Analysis based on market close April 22, 2026
DirectionalTheta GangFlowEarningsConsensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

BiasBullish
Confirmation: Large positive GEX (+$595M), heavy call prints at 270–275 and pinning regime; net premium and low put/call flow support upside.
Invalidation: Surge in put buying or rapid spot drop through 270–267.5 with rising VIX and expanding put OI would negate pinning and bullish flow.
Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 VIX 19

Watch next session: Monitor prints/volume around 270–275 strikes; Spot action vs. option pin range (270–267.5); VIX moves and new large put OI; GEX intraday shifts

Flow Summary

Net premium: +$279.1M bullish

P/C volume ratio: 0.43

P/C OI ratio: 0.69

Options flow strongly aligned bullish with pinning; concentrated call and large intraday activity near 270–275 reinforce upside unless put OI or spot collapses.

Notable Prints

#1
AAPL 2026-04-22 $270.00 Put
Vol: 96,899
OI: 2,974
Vol/OI: 32.6x
IV: 10.5%
Notional: ~$97K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#2
AAPL 2026-04-22 $272.50 Put
Vol: 60,455
OI: 2,172
Vol/OI: 27.8x
IV: 2.9%
Notional: ~$60K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#3
AAPL 2026-04-22 $272.50 Call
Vol: 189,711
OI: 12,304
Vol/OI: 15.4x
IV: 9.3%
Notional: ~$12.5M
Intent: aggressive call buys
Dual read: buying for delta or part of call spread

Read-through: short‑term pinning pressure near 272.5

#4
AAPL 2026-04-22 $275.00 Put
Vol: 5,801
OI: 402
Vol/OI: 14.4x
IV: 12.1%
Notional: ~$1.0M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#5
AAPL 2026-04-22 $270.00 Call
Vol: 165,338
OI: 12,978
Vol/OI: 12.7x
IV: 19.7%
Notional: ~$50.4M
Intent: directional bullish buys
Dual read: covered call roll or hedge

Read-through: upside interest supporting ~270

Institutional Positioning

Call additions: Notable near-term call buying concentrated at 270–275 (exp 4/22); large call OI at those strikes.

Put additions: Short-dated put prints around 267.5–275 show elevated vol/IV spikes despite smaller OI; these spikes can be transient noise but may become actionable if sustained.

GEX/DEX consistency: Positive GEX (+$595.8M) and DEX inflows (+124.3M shares) are supportive of bullish pressure and potential pinning but do not guarantee outcome.

OI clusters: Largest OI clusters: 270C (~13k), 275C (~13k); short-dated put interest concentrated near 270.

Hedging evidence: Signs of short-dated collars and protective puts around 267.5–275 consistent with risk management.

Max pain context: Spot sits above calculated max pain; expiries into 4/22 increase pinning risk but with uncertainty.

Signal vs Noise

~High-volume 4/22 prints at concentrated strikes are higher-confidence signals when paired with large OI/GEX support.
~Short-dated put vol/IV spikes can be noisy but should be flagged—if they persist or grow they can shift from noise to actionable gamma demand.

Key Conclusions

📈Flow, GEX and concentrated call OI at 270–275 support a bullish pinning scenario into 4/22, though outcome is uncertain.
⚠️Short-dated put IV spikes merit close watching; sustained spikes could accelerate hedging and quicken moves.
How to Use These Reports
This flow reflects the market close on April 22, 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.