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AAPL

Apple Inc.Close $273.05EOD only
Max Pain
$265.00
Next expiry Apr 22, 2026
Expected Move
±$4.04
1.5% from close
Price Gap
-8.05
Distance to max pain
IV Rank
24
Low premium
P/C OI
0.70
Slightly call-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: Apr 20, 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 20, 2026 close
AAPL AI Consensus Report
Analysis based on market close April 21, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
6.5

out of 10

6.5 because strong dealer gamma and buy flow support the pin but an imminent earnings/volatility event and the market-level tail risk limit upside conviction; alignment across personas is strong but event risk is a single-point failure.

Where Perspectives Agree

Market is pinned to the $268–$270 area with dealer gamma and bullish flow bias keeping dips buyable; sell-structure/defined-risk puts capture theta while upside stays capped absent a volatility regime change.

Where They Diverge

Earnings/term-structure risk creates a binary event that can compress IV then reverse positioning (post-earnings fade) — this event risk directly undermines multi-week theta-selling if IV collapses or if realized move breaks the pin; flow shows accumulation but earnings-led repositioning could trigger distribution instead of continuation.

Top Trade
via theta

Sell 2026-05-08 $257.50/$240.00 put spread for a credit (defined-risk theta sell).

Key Risk

A clean break below $259 on heavy volume flips dealer gamma/flow; that removes the pin and accelerates downside toward ~$252 gap/support, invalidating the sell-the-dip thesis.

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