If the current open interests for AAPL weekly options hold, then the price of AAPL will likely gravitate near the 510 level. The open interests imply a pin at 510 will result with max pain at expiration. This 510 level was discussed in the “
AAPL Earnings Watch” and the “
AAPL Post Earnings Watch” post. Here is the chart and the OI stat.
If the OI deviates greatly from the current profile, then the max-pain pin price could change. So keep an eye on the OI for clues on where AAPL might gravitate toward as OpEx approaches.