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AAPL GEX - Call Wall Broken @ 310

AAPL GEX - Call Wall Broken @ 310

Apple Inc. NASDAQ:AAPL

AAPL cleared a multi-week base under 310 and is now holding above that strike on the daily chart. For the 08/21 expiry (14 DTE, single), 310 is the C1 call wall — and it stacks with Ab1 and D+, so the breakout is through a real multi-metric reaction zone, not just a round number.

With C1 cleared, price has entered the positive extension zone — gamma squeeze potential opens toward the next call wall if acceptance holds above 310.

🔶 Regime Context 🔶
Spot is trading well above HVL at 300, keeping AAPL inside a positive GEX regime — price action typically becomes more controlled than below HVL. The 200 SMA remains far below (~280), so the medium-term trend backdrop stays constructive while the options structure is doing the near-term work.

🔶 Options Structure Context 🔶
👉 310 – C1 (highest call NETGEX wall) — breakout support
Confluence at 310 (08/21, 14 DTE, single):

  • C1 — highest call NETGEX
  • Ab1 — largest absolute gamma
  • D+ — strongest positive DEX peak
That makes 310 a clear reaction zone. Holding above it keeps the extension thesis alive; losing it puts the base break back into question.
👉 320 – C2 + CV + nCV — next magnet / target
Confluence at 320:
  • C2 — #2 call wall
  • CV — strongest call volume
  • nCV — strongest net call volume
Strongest call flow for 08/21 (14 DTE) is concentrated at 320 — same strike that also printed the largest call volume on the 0DTE (08/07) book. That dual signal turns 320 into the natural upside magnet inside the extension zone.
👉 330 – C3 — further extension reference if 320 accepts

🔶 Downside Structure 🔶
👉 300 – P1 / HVL / POI — regime pivot + put wall
Confluence at 300:
  • P1 — strongest put wall
  • HVL — gamma flip / regime pivot
  • POI — highest put open interest
Together, 300 is the main downside floor for this expiry. A clean break back through 310 would shift focus toward whether 300 can hold as the regime line.
👉 295 – P3 — next put wall below 300

Upper inventory note: for 08/21, peak Call OI / AbOI sits further out at 340 — a distant call book magnet beyond C2/C3, not the breakout level itself.

🔶 Options Sentiment 🔶
CALL$ 23.7% means call options at an equivalent distance from spot are priced 23.7% higher than the corresponding puts — this is call pricing skew, and at this reading it remains moderate, not extreme.

On the Options Oscillator, the filled green histogram is not showing an aggressive blow-off in call skew — consistent with a controlled breakout rather than a panic chase.
  • IVRank 45.1
  • IVx 26.6 (14 DTE)
  • CALL$ 23.7% — call pricing skew
🔶 Key Structure to Watch 🔶
  • 310 — C1 + Ab1 + D+ breakout support (must hold)
  • 320 — C2 + strongest call volume (CV / nCV)
  • 300 — P1 / HVL / POI downside floor
  • 330 — C3 extension
For now, AAPL is holding inside a positive GEX regime above HVL, with the old 310 call wall flipped into support after the base break.

The key question is whether momentum can carry price toward the 320 call wall — and more importantly, how the market reacts once it gets there.

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