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AAPL

Apple Inc.Close $332.41EOD only

Max Pain

$305.00

Next expiry Sep 18, 2026

Expected Move

±$5.77

1.7% from close

Price Gap

-27.41

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.78

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: Sep 16, 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

Sep 16, 2026 close

AAPL Theta Report

Analysis based on market close June 17, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 17, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.5% from MP; +0.5 VIX 18

IV Environment

IV Regime

Normal

IV vs VIX

IV 32.2% vs VIX 18.4% – elevated

Favorable?

Yes

Term structure: Steep near-term spike on 1DTE (put IV 184%) due to expiration. Back months contango ~27%.

⚠️Expiration day volatility spike elevates short-term IV. Premium selling attractive but watch pin risk.

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+296.7M)

Gamma flip: ~$240.00 — Approx — based on put OI concentration of 59,773 (18.9% below spot)

OI concentrations: Max pain today $298, next day $270. Put OI 59,773 at $240 (18.9% below spot). Call wall $320-$350.

Verdict: High pin risk on expiration; gamma flip at $240 if spot drops.

Premium Opportunities

Put credit spread

Sell 2026-07-24 $275.00/$270.00 put spread

Sell put spread to collect premium with limited downside.

Credit: $0.51-$0.62

Max loss: $4.38

BE: $274.38

Mgmt: Exit at 50% max gain or if spot below 286.1.

Cash-secured put

Sell 2026-07-24 $275.00 cash-secured put

Sell put to acquire shares at discount or collect premium.

Credit: $1.87-$2.29

Max loss: $272.71

BE: $272.71

Mgmt: Roll if challenged; avoid assignment before earnings.

Risk Alerts

!Expiration day – rapid IV decay and pin risk

!Gamma flip risk if spot drops to $240

!Elevated 1DTE IV may distort near-term pricing

How to Use These Reports

This theta reflects the market close on June 17, 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.