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AAPL

Apple Inc.Close $302.25EOD only
Max Pain
$307.50
Next expiry Aug 14, 2026
Expected Move
±$4.62
1.5% from close
Price Gap
+5.25
Distance to max pain
IV Rank
1
Low premium
P/C OI
0.70
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Aug 12, 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
Aug 12, 2026 close
AAPL Theta Report
Analysis based on market close May 14, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 14, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Aggressive
Primary: Put Credit Spread
Invalidation: AAPL breaks below $280 support
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 6.5% from MP; +1 VIX 17

IV Environment

IV Regime
Normal
IV vs VIX
Stock IV 31.7% vs VIX 17.3, elevated
Favorable?
No

Term structure: Front-end put skew extreme (1d put IV 135.8%); term structure upward sloping after 1w

⚠️1d put IV 135% indicates event risk; avoid naked puts.
📈Overall IV rank moderate, but near-term elevated.

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+718.7M)

Gamma flip: ~$240.00 — Approx — based on put OI concentration of 58,231 (19.5% below spot)

OI concentrations: Put OI $240 (58k), Call OI $320 wall; max pain $280-$292

Verdict: Pinning likely near $280-$292; dealer hedging supports spot around these levels.

Premium Opportunities

#1
Put credit spread
Sell 2026-06-18 $280.00/$270.00 put spread
Sell 280/270 put spread to collect premium with defined risk below support.
Credit: $1.08-$1.32
Max loss: $8.68
BE: $278.68
Mgmt: Exit if AAPL breaks $280; monitor OPEX event risk on 2026-05-15.

Risk Alerts

!Event risk on 2026-05-15 (OPEX)
!Extreme put skew in 1d expiry
!Spot above max pain but near resistance $300
How to Use These Reports
This theta reflects the market close on May 14, 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.