# AAPL — Max Pain / GEX · GammaGrid demo **Gamma weather: Clear.** Positive gamma with the flip far off — dealer hedging is damping moves. *(next 26 days · 6 expiries)* | Level | Value | |---|---| | Price | 332.27 | | Call wall | 350.00 | | Put wall | 300.00 | | Gamma flip | 313.56 | | Net GEX | 236.8 M | ## Max pain and dealer gamma by expiry Nearest expiries first. Max pain is the strike where open interest would expire worth the least; the expected move is one standard deviation from at-the-money implied volatility; net GEX is the dealers' estimated gamma exposure for that expiry, positive damps moves and negative amplifies them. | Expiry | Max pain | Expected move | Range | Call wall | Put wall | Net GEX | Contracts | |---|---|---|---|---|---|---|---| | 2026-09-14 | 315.00 | ±1.6% | 327.01 – 337.53 | 320.00 | 310.00 | 30.2 M | 41 | | 2026-09-16 | 320.00 | ±2.6% | 323.54 – 341.00 | 330.00 | 305.00 | 16.8 M | 44 | | 2026-09-18 | 300.00 | ±3.3% | 321.18 – 343.36 | 350.00 | 300.00 | 154.0 M | 175 | | 2026-09-25 | 320.00 | ±4.7% | 316.74 – 347.80 | 320.00 | 320.00 | 20.0 M | 84 | | 2026-10-02 | 310.00 | ±5.8% | 313.13 – 351.41 | 345.00 | 300.00 | 11.6 M | 82 | | 2026-10-09 | 315.00 | ±6.7% | 309.88 – 354.66 | 345.00 | 300.00 | 4.3 M | 73 | 20 expiries in the chain; the page lists every one. ## About these numbers Computed by GammaGrid from the AAPL options chain — dealer gamma exposure, max pain and the walls are GammaGrid's own arithmetic over open interest; the source data is delayed. Collected 2026-09-13T04:08:17.278272 UTC; this page follows the collection, roughly every fifteen minutes while the market is open. Other views of AAPL: [Overview](https://app.gammagrid.io/demo/t/AAPL.md) · [GEX Heatmap](https://app.gammagrid.io/demo/t/AAPL/heatmap.md) · [Volatility (IV)](https://app.gammagrid.io/demo/t/AAPL/volatility.md). Canonical page: · The demo shows the free list only; a GammaGrid account watches any US-listed ticker with options, replays earlier collections and opens every contract: