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AAPL

Apple Inc.Close $298.01EOD only

Max Pain

$295.00

Next expiry Jun 22, 2026

Expected Move

±$3.78

1.3% from close

Price Gap

-3.01

Distance to max pain

IV Rank

100

High premium

P/C OI

0.73

Slightly call-heavy

Consensus

8.0/10

Bullish tilt

Published snapshot: Jun 18, 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

Jun 18, 2026 close

AAPL Theta Report

Analysis based on market close June 22, 2026

Directional Theta Gang Flow Earnings Consensus

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

Theta Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.2% from MP; +1 VIX 17

IV Environment

IV Regime

Normal

IV vs VIX

IV 31.2% vs VIX 17.3, elevated implies high premium.

Favorable?

Yes

Term structure: Near-term put IV 68% on 6/26 indicates event risk, rest of curve normal.

⚡Front-week put IV 68% signals event risk; avoid naked short front-week.

📈Positive dealer gamma +$305M supports pinning near max pain $298.

🟢GEX strongly positive, dealer hedging adds stability.

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+305.6M)

Gamma flip: ~$240.00 — Approx — based on put OI concentration of 59,643 (19.2% below spot)

OI concentrations: Max pain $298, call wall $320-$350, put floor $240.

Verdict: Moderate pin risk; positive GEX and spot near max pain reduce directional risk.

Premium Opportunities

Iron condor

Sell 2026-07-31 $280.00/$265.00 put wing and $315.00/$330.00 call wing

Non-directional; wide wings collect premium.

Credit: $4.10-$5.01

Max loss: $9.99

BE: 274.99 / 320.01

Mgmt: Close at 50% gain or $284/$300 breach.

Put credit spread

Sell 2026-07-31 $280.00/$265.00 put spread

Sell put spread above support.

Credit: $1.86-$2.28

Max loss: $12.72

BE: $277.72

Mgmt: Exit below $284.74.

Call calendar

Sell 2026-07-24 $315.00 call / buy 2026-07-31 $315.00 call

Calendar spread on calls.

Debit: $1.41-$1.73

Max loss: $1.73

BE: Path-dependent

Mgmt: Close pre-earnings or if spot nears $315.

Risk Alerts

!Front-week IV spike (6/26 put IV 68%)

!Resistance at $300 nearby

!Put OI concentration 59.6k below spot may act as attractor

How to Use These Reports

This theta reflects the market close on June 22, 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.