AAPL GEX - Call Wall Broken @ 310
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
👉 320 – C2 + CV + nCV — next magnet / target
Confluence at 320:
- C2 — #2 call wall
- CV — strongest call volume
- nCV — strongest net call volume
👉 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
👉 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
- 310 — C1 + Ab1 + D+ breakout support (must hold)
- 320 — C2 + strongest call volume (CV / nCV)
- 300 — P1 / HVL / POI downside floor
- 330 — C3 extension
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.