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AAPL

Apple Inc.Close $273.17EOD only

Max Pain

$262.50

Next expiry Apr 24, 2026

Expected Move

±$4.32

1.6% from close

Price Gap

-10.67

Distance to max pain

IV Rank

Low premium

P/C OI

0.69

Slightly call-heavy

Consensus

6.0/10

Bullish tilt

Published snapshot: Apr 22, 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 22, 2026 close

AAPL Flow Report

Analysis based on market close April 23, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.2% from MP; +0.5 VIX 19

Watch next session: Observe price vs 272.5–275 support; Activity into 2026-04-24 and 04-27 expiries; VIX move and GEX directional change

Flow Summary

Net premium: +$119.5M bullish

P/C volume ratio: 0.50

P/C OI ratio: 0.70

Bullish pinning regime: flow and GEX align to support mid-270s; downside invalidated if price decisively undercuts 270–272.5 with rising put demand.

Notable Prints

AAPL 2026-04-27 $275.00 Put

Vol: 10,278

OI: 167

Vol/OI: 61.5x

IV: 17.8%

Notional: ~$3.1M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AAPL 2026-04-27 $280.00 Put

Vol: 1,743

OI: 161

Vol/OI: 10.8x

IV: 23.7%

Notional: ~$1.1M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AAPL 2026-04-24 $280.00 Put

Vol: 941

OI: 104

Vol/OI: 9.1x

IV: 32.7%

Notional: ~$569K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AAPL 2026-04-24 $272.50 Put

Vol: 38,770

OI: 4,495

Vol/OI: 8.6x

IV: 18.8%

Notional: ~$4.2M

Intent: buy puts

Dual read: hedge/roll

Read-through: downside protection

AAPL 2026-04-27 $272.50 Put

Vol: 5,367

OI: 689

Vol/OI: 7.8x

IV: 18.5%

Notional: ~$961K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Concentrated near‑term call buying clustered 275–277.5 expiries 4/24–4/27 (large OI at 275/277.5).

Put additions: Notable short‑dated put prints around 270–275 (272.5, 275 expiries) but lower persistent OI—suggests transient hedges/trades.

GEX/DEX consistency: Positive GEX (+$474.9M) and DEX (+123.5M shares) are consistent with dealer pinning mechanics but not definitive on their own.

OI clusters: Largest OI: 275 call (~21k OI 4/24), 277.5 call (~12k), 270–272.5 puts (smaller, 7k→4.5k) indicating skewed call concentration.

Hedging evidence: Concentrated short‑dated puts and heavy call OI imply dealer hedging activity; collars possible but evidence is mixed due to transient put prints.

Max pain context: Spot sits above max pain; flow and GEX are consistent with pinning toward mid‑270s but uncertainty remains from ephemeral put flow.

Signal vs Noise

~Signal: concentrated 4/24–4/27 call OI at 275–277.5 is consistent with short‑term pinning.

~Signal: GEX >+400M aligns with dealer hedging dynamics that can encourage pinning behavior.

~Noise/uncertainty: isolated large put prints show transient activity with low lasting OI—these can create short bursts of volatility and weaken pinning confidence.

Key Conclusions

📌Flow and GEX are consistent with pinning around mid‑270s into 4/24–4/27, but not conclusive.

⚠️Transient short‑dated put prints are material noise—watch for hedging‑driven intraday volatility that can disrupt pinning.

How to Use These Reports

This flow reflects the market close on April 23, 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.