Apple reports after the close today, and the options structure is getting interesting.
For tomorrow’s expiration, the main level on the TanukiTrade GEX profile is very clear: AAPL 275 is the key call-side cluster.
This is not just the primary call wall. It is also a major multi-confluence level, with several secondary metrics stacking in the same area: highest positive GEX, highest absolute gamma concentration, strongest call open interest, highest absolute open interest, strongest call volume today, and the strongest positive delta exposure.
In other words, a lot of the pre-earnings options activity is currently concentrating around the 275 strike.
What also stands out is that the structure extends from around 275 to 280, with C2 and C3 sitting just above it. So rather than one isolated strike, this looks more like a call-side gamma cluster above current price.
Spot is also trading well above the HVL, which means Apple is currently positioned in the upper part of the structure, not near the lower volatility pivot. On the downside, the first major protective put level is much lower, around 250, where P1 is currently showing up.
The detailed volume profile is telling a similar story: today’s flow is heavily tilted toward the call side ahead of earnings. That does not mean it has to resolve higher — earnings can obviously reset the entire structure overnight — but it does show where traders are currently focusing their speculative positioning.
Looking at the Options Oscillator, it shows no clear pricing skew in any direction based on options pricing for May 1 expiration.
For tomorrow’s expiration, the main level on the TanukiTrade GEX profile is very clear: AAPL 275 is the key call-side cluster.
This is not just the primary call wall. It is also a major multi-confluence level, with several secondary metrics stacking in the same area: highest positive GEX, highest absolute gamma concentration, strongest call open interest, highest absolute open interest, strongest call volume today, and the strongest positive delta exposure.
In other words, a lot of the pre-earnings options activity is currently concentrating around the 275 strike.
What also stands out is that the structure extends from around 275 to 280, with C2 and C3 sitting just above it. So rather than one isolated strike, this looks more like a call-side gamma cluster above current price.
Spot is also trading well above the HVL, which means Apple is currently positioned in the upper part of the structure, not near the lower volatility pivot. On the downside, the first major protective put level is much lower, around 250, where P1 is currently showing up.
The detailed volume profile is telling a similar story: today’s flow is heavily tilted toward the call side ahead of earnings. That does not mean it has to resolve higher — earnings can obviously reset the entire structure overnight — but it does show where traders are currently focusing their speculative positioning.
Looking at the Options Oscillator, it shows no clear pricing skew in any direction based on options pricing for May 1 expiration.
Boost up your charts with Options PRO!
REAL Options metrics for over 200+ liquid US symbols:
✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ GEX ✔ IVRank ✔ CALL/PUT skew ✔ Volatility✔ Delta curves
👉 7-day TRIAL 🌐 TanukiTrade.com
REAL Options metrics for over 200+ liquid US symbols:
✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ GEX ✔ IVRank ✔ CALL/PUT skew ✔ Volatility✔ Delta curves
👉 7-day TRIAL 🌐 TanukiTrade.com
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
Boost up your charts with Options PRO!
REAL Options metrics for over 200+ liquid US symbols:
✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ GEX ✔ IVRank ✔ CALL/PUT skew ✔ Volatility✔ Delta curves
👉 7-day TRIAL 🌐 TanukiTrade.com
REAL Options metrics for over 200+ liquid US symbols:
✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ GEX ✔ IVRank ✔ CALL/PUT skew ✔ Volatility✔ Delta curves
👉 7-day TRIAL 🌐 TanukiTrade.com
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。