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AAPL

Apple Inc.Close $315.20EOD only
Max Pain
$305.00
Next expiry Jun 3, 2026
Expected Move
±$3.25
1.0% from close
Price Gap
-10.20
Distance to max pain
IV Rank
42
Middle-high premium
P/C OI
0.71
Slightly call-heavy
Consensus
9.0/10
Bullish tilt
Published snapshot: Jun 2, 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
Jun 2, 2026 close
AAPL AI Consensus Report
Analysis based on market close April 10, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 10, 2026. A newer ai consensus report is available for May 26, 2026.

View latest report
Conviction
6.5

out of 10

6.5 because dealer short-gamma and concentrated positioning create a meaningful near-term magnet that supports the thesis, but conviction is tempered by two asymmetric invalidators: (1) the call-OI wall that can cap upside and invite sharp mean-reversion if it attracts roll/lock activity, and (2) the structural max-pain around $255 plus the potential for a gamma flip below that level — either can rapidly negate the pin despite current alignment.

Where Perspectives Agree

Market positioning and dealer gamma are currently dominating price action: the book is short-gamma around the $260 area which creates a pin/magnet toward $260–$265 supported by bullish flow and a premium-rich environment that favors range-bound or modestly higher outcomes.

Where They Diverge

Institutional flow into higher strikes and directional bias toward $265 conflicts with the persistent max-pain and concentrated call-OI structure around $255–$260 — institutions accumulating upside exposure undermines the market-implied pin at $255, while the max-pain/call wall simultaneously caps extension, creating mutually incompatible pressure points. Additionally, the short-premium/theta recommendation to harvest decay assumes continued chop around the pin, which is at odds with any large, flow-driven push through the upper call wall that would spike IV and blow out sold premium.

Top Trade
via theta

Sell Apr 20 255/250 put spread for net credit (theta persona)

Key Risk

A decisive break and daily close below $255 removes the dealer short-gamma pin, triggers stop/roll cascades and downside acceleration toward $250 (next structural support), invalidating the current pin-and-range thesis.

How to Use These Reports
This ai consensus reflects the market close on April 10, 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.