🔍 GEX-Based Options Insight:
* GEX Cluster sits heavy at 204–206, marking a Gamma Wall / Resistance Zone.
* Highest NET GEX levels suggest 205–206 is a magnet if price builds strength.
* IVR: 16.2, IVX is low, indicating cheap premium for call buyers.
* Calls: 0.6% bias, showing a neutral-to-light bullish flow.
🟩 GEX Support: 197.5 🟥 PUT Walls: Below 192.5 and 190 (farther from current level)
🧠 Technical View (1H Chart):
* AAPL is pulling back into a demand zone while still respecting the upward channel.
* Just formed a CHoCH, signaling a potential reversal back up.
* Price is sitting on channel support + demand, with a recent BOS confirming bullish structure intact.
* Volume during this pullback is lower than the prior bullish leg—healthy retrace.
🔁 Trading Idea (for calls):
Entry: 🟢 Around 198.5–199 (channel and OB support zone)
Target 1: 📈 201.50 – retest of supply / GEX resistance
Target 2: 📈 204.88–206 – Gamma Wall target
Stop Loss: 🔴 Below 196.50, breaks OB and structure
🎯 Ideal Option Play:
* July 5th or July 12th 202 Calls
* Low IV makes this a decent R/R for directional play
* Momentum confirmation on reclaim of 200.80 gives confidence
💬 If AAPL can defend the current structure and flip 200.80 intraday, we may see a gamma chase back to 204+.
This analysis is for educational purposes only and not financial advice. Always trade with a plan and proper risk management.
* GEX Cluster sits heavy at 204–206, marking a Gamma Wall / Resistance Zone.
* Highest NET GEX levels suggest 205–206 is a magnet if price builds strength.
* IVR: 16.2, IVX is low, indicating cheap premium for call buyers.
* Calls: 0.6% bias, showing a neutral-to-light bullish flow.
🟩 GEX Support: 197.5 🟥 PUT Walls: Below 192.5 and 190 (farther from current level)
🧠 Technical View (1H Chart):
* AAPL is pulling back into a demand zone while still respecting the upward channel.
* Just formed a CHoCH, signaling a potential reversal back up.
* Price is sitting on channel support + demand, with a recent BOS confirming bullish structure intact.
* Volume during this pullback is lower than the prior bullish leg—healthy retrace.
🔁 Trading Idea (for calls):
Entry: 🟢 Around 198.5–199 (channel and OB support zone)
Target 1: 📈 201.50 – retest of supply / GEX resistance
Target 2: 📈 204.88–206 – Gamma Wall target
Stop Loss: 🔴 Below 196.50, breaks OB and structure
🎯 Ideal Option Play:
* July 5th or July 12th 202 Calls
* Low IV makes this a decent R/R for directional play
* Momentum confirmation on reclaim of 200.80 gives confidence
💬 If AAPL can defend the current structure and flip 200.80 intraday, we may see a gamma chase back to 204+.
This analysis is for educational purposes only and not financial advice. Always trade with a plan and proper risk management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.