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AAPL

Apple Inc.Close $304.99EOD only

Max Pain

$295.00

Next expiry May 22, 2026

Expected Move

±$2.74

0.9% from close

Price Gap

-9.99

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.71

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 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

May 21, 2026 close

AAPL Flow Report

Analysis based on market close May 21, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.4% from MP; +1 VIX 17

Watch next session: $305 call strike; put volume ratio; spot vs MP

Flow Summary

Net premium: +$261.6M bullish

P/C volume ratio: 0.55

P/C OI ratio: 0.71

Heavy net call buying and put selling, with $261.6M net premium and low put/call volume ratio (0.55). Positive GEX ($581.9M) suggests pinning. Unusual prints show aggressive short-dated put selling and call accumulation, reinforcing bullish bias.

Notable Prints

AAPL 2026-05-26 $302.50 Put

Vol: 5,140

OI: 238

Vol/OI: 21.6x

IV: 14.8%

Notional: ~$637K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AAPL 2026-05-22 $302.50 Put

Vol: 33,437

OI: 1,906

Vol/OI: 17.5x

IV: 15.4%

Notional: ~$1.6M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AAPL 2026-05-27 $300.00 Put

Vol: 4,583

OI: 280

Vol/OI: 16.4x

IV: 17.9%

Notional: ~$472K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AAPL 2026-05-29 $305.00 Put

Vol: 2,536

OI: 210

Vol/OI: 12.1x

IV: 18.0%

Notional: ~$862K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AAPL 2026-05-26 $300.00 Put

Vol: 6,728

OI: 706

Vol/OI: 9.5x

IV: 15.6%

Notional: ~$410K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy call buying at 305 (May22) and 320 (Jun26); net premium +$262M bullish

Put additions: Aggressive put buying at 300-302.5 near-term; high vol/oi suggests hedging

GEX/DEX consistency: Bullish: GEX +$582M positive gamma, DEX +151M shares long

OI clusters: Largest OI: 305C 11.7k, 300P 5.9k (5/22); 320C 1.4k (6/26)

Hedging evidence: Put buying at 300-302.5 likely hedging long exposure

Max pain context: Spot above MP; positive gamma supports pinning near current levels

Signal vs Noise

~Unusual put buying at 300-302.5 is hedging, not bearish signal

~Heavy call volume at 305 and 320 reflects real bullish positioning

~GEX pinning signal: strong positive gamma keeps spot supported

~Put/call ratios near 0.55 confirm call bias

Key Conclusions

📈Call accumulation at 305-320 indicates institutional bullish bets

🛡️Put hedging at 300-302.5 shows risk management but not bearish

📌Positive gamma pinning likely supports spot near current levels

How to Use These Reports

This flow reflects the market close on May 21, 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.