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AAPL

Apple Inc.Close $316.22EOD only
Max Pain
$302.50
Next expiry Jul 10, 2026
Expected Move
±$3.42
1.1% from close
Price Gap
-13.72
Distance to max pain
IV Rank
14
Low premium
P/C OI
0.70
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Jul 9, 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
Jul 9, 2026 close
AAPL Theta Report
Analysis based on market close May 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 26, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness9 / 10
Sizing: Aggressive
Primary: Short Put
Invalidation: Spot closes below $305 support
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.1% from MP; +1 VIX 17

IV Environment

IV Regime
Normal
IV vs VIX
IV (29.64%) significantly above VIX (17.01), rich premiums.
Favorable?
Yes

Term structure: Short-dated IV elevated with steep skew; 0DTE atm IV low but wings high.

📌Max pain at $305 today, pinning likely.
📈GEX +$520M and bullish flow, strong support.

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+520.0M)

Gamma flip: ~$240.00 — Approx — based on put OI concentration of 58,556 (22.2% below spot)

OI concentrations: High OI at $305 (max pain) and $300; put floor at $240.

Verdict: Pinning near $300-$305, but bullish flow supports above.

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $295.00/$285.00 put spread
Sell $295 put, buy $285 put for rich premium.
Credit: $1.85-$2.26
Max loss: $7.74
BE: $292.74
Mgmt: Exit at 50% max gain or if spot < $305.
#2
Short strangle
Sell 2026-07-17 $285.00 put + sell $320.00 call
Sell $285 put and $320 call for range-bound stock.
Credit: $8.05-$9.84
Max loss: Unlimited
BE: 275.16 / 329.84
Mgmt: Monitor gamma; adjust if stock moves >2 std devs.

Risk Alerts

!Gamma flip at $240, low immediate risk.
How to Use These Reports
This theta reflects the market close on May 26, 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.