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AAPL

Apple Inc.Close $337.00EOD only

Max Pain

$310.00

Next expiry Sep 18, 2026

Expected Move

±$3.87

1.1% from close

Price Gap

-27.00

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.79

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: Sep 17, 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 17, 2026 close

AAPL Theta Report

Analysis based on market close June 18, 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 18, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 12.5% from MP; +1 VIX 16

IV Environment

IV Regime

Normal

IV vs VIX

Avg IV 33.4% vs VIX 16.4%: elevated

Favorable?

Yes

Term structure: Steep contango; near-term IV low, rising to 25+ in longer tenors

⚠️Expiration put IV 253.9% signals extreme hedging

📈Elevated IV offers rich premium selling opportunity

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+406.9M)

Gamma flip: ~$240.00 — Approx — based on put OI concentration of 59,714 (19.5% below spot)

OI concentrations: Max pain: $265 (exp), $295 (4d), $290 (6d). Heavy put OI at $240.

Verdict: High pin risk; spot at $287.74 well above max pain $265, but gamma flips at $240

Premium Opportunities

Put credit spread

Sell 2026-07-24 $275.00/$260.00 put spread

OTM put credit spread collecting premium with support at $287.74, high pin risk distant.

Credit: $0.90-$1.11

Max loss: $13.89

BE: $273.89

Mgmt: Exit at 50% max gain or if spot breaks support at $287.74.

Risk Alerts

!Expiration-day abnormal put IV may distort prices

!Positive GEX ($406.9M) suggests dealer hedging could amplify moves

!Spot 12.5% above max pain $265 increases pin risk

How to Use These Reports

This theta reflects the market close on June 18, 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.