AAPL gamma exposure by strike

From the closing options book · October 20, 2026 · updated after every close

AAPL closed at 339.50 on October 20, 2026 with dealers net long $1.4M of gamma. The call wall was 350 (+3.1%), the put wall 335 (−1.3%) and the apex, the single largest gamma strike, 350.

+$1.4M
Net gamma
350
Call wall
+3.1%
335
Put wall
−1.3%
None
Gamma flip
long at every strike

AAPL largest gamma strikes within 4% of the close

Strikeshort ← dealer gamma → long
352.5
+$21.5M
350
+$86.2M
347.5
+$47.5M
345
+$57.3M
342.5
−$7.7M
340
−$53.5M
— close 339.50 —
337.5
−$34.1M
335
−$76.3M
332.5
−$30.6M
330
−$32.6M
327.5
−$6.5M

The heaviest strike on the October 20, 2026 book was 350, carrying +$86.2M of dealer gamma, +3.1% from the close.

AAPL closed with dealers short gamma on 4 of the last 60 sessions. In short gamma, dealer hedging buys rallies and sells drops, which tends to extend moves; in long gamma it leans against them.

Positive (green) strikes are where dealers are long gamma and hedge against the move; negative (pink) strikes are where they are short and hedge with it. These are closing levels: where hedging was concentrated last night, not targets.

These are the October 20, 2026 closing numbers. Members see AAPL's map move live all session.

Common questions

What is AAPL's gamma exposure?

At the October 20, 2026 close, AAPL's net dealer gamma exposure was +$1.4M: long gamma.

Where is AAPL's call wall?

350, +3.1% from the 339.50 close on October 20, 2026.

Where is AAPL's put wall?

335, −1.3% from the close on October 20, 2026.

Compare: gamma exposure by strike on other tickers

Measured from the closing options book and rebuilt after every close. Nothing on this page is live. Levels are where dealer hedging is concentrated, not targets or forecasts. Not investment advice.