AAPL Pulled Back After the Morning Spike — Here’s What I’m Watching for Nov 26
AAPL opened with a strong vertical move this morning, but after that first burst, the stock spent the rest of the day bleeding slowly back down into the mid-270s. You can see it clearly on the 15-minute chart — a sharp breakout that couldn’t find a second leg, followed by a steady drift back toward the rising trendline underneath. This kind of price action usually means the opening drive was driven by short-term momentum players, and once they took profit, the stock settled into a more balanced state.
The candles in the afternoon tell that story pretty well. Volume dropped off, body sizes shrank, and everything tightened into a flat band around 276–277. Nothing about the pullback looks aggressive — it’s more of a cooldown after a big morning run. The trendline beneath price hasn’t been threatened, and AAPL is still trading inside yesterday’s upper range.
Check the 1-hour GEX chart below, you can see the behavior becomes even more logical. The entire 280 area is sitting on top of thick call walls. There’s a stack of hedging resistance between 278.5, 280, and even higher into the 282.5 zone. When a big name like AAPL pushes into a cluster of call walls right after a vertical move, the stock often stalls because market makers hedge against the push.
Below price, there’s a very clean cluster of put support around 272–273, and a stronger cushion down at 267.5. That’s why today’s pullback wasn’t dramatic — there’s option structure acting like a net underneath.
So for Nov 26, here’s what stands out:
If AAPL can climb back above 278 and actually hold it, then the stock has another shot at 280. But 280 isn’t a free level — that’s where the heaviest call resistance sits, so it needs momentum or a catalyst to push through.
If AAPL loses 275 with real conviction, then the drift toward 273 becomes much more likely. And if the broader market is weak, 272–273 is the zone where buyers typically step in because it lines up with both intraday demand and put flow support.
My thoughts on Option trading
Calls only make sense if AAPL reclaims 278 and shows actual strength. That’s where the momentum window opens toward 280.
Puts don’t really make sense unless 275 breaks cleanly. Below that, 273 and 272 are the first magnets, and premiums can expand quicker because there’s less hedging friction in the way. Above 275, put decay will be heavy because the GEX layout still leans slightly supportive.
Disclaimer
This is just my personal read on the chart and options landscape. It’s not financial advice. Always trade your own plan and manage your risk.
AAPL opened with a strong vertical move this morning, but after that first burst, the stock spent the rest of the day bleeding slowly back down into the mid-270s. You can see it clearly on the 15-minute chart — a sharp breakout that couldn’t find a second leg, followed by a steady drift back toward the rising trendline underneath. This kind of price action usually means the opening drive was driven by short-term momentum players, and once they took profit, the stock settled into a more balanced state.
The candles in the afternoon tell that story pretty well. Volume dropped off, body sizes shrank, and everything tightened into a flat band around 276–277. Nothing about the pullback looks aggressive — it’s more of a cooldown after a big morning run. The trendline beneath price hasn’t been threatened, and AAPL is still trading inside yesterday’s upper range.
Check the 1-hour GEX chart below, you can see the behavior becomes even more logical. The entire 280 area is sitting on top of thick call walls. There’s a stack of hedging resistance between 278.5, 280, and even higher into the 282.5 zone. When a big name like AAPL pushes into a cluster of call walls right after a vertical move, the stock often stalls because market makers hedge against the push.
Below price, there’s a very clean cluster of put support around 272–273, and a stronger cushion down at 267.5. That’s why today’s pullback wasn’t dramatic — there’s option structure acting like a net underneath.
So for Nov 26, here’s what stands out:
If AAPL can climb back above 278 and actually hold it, then the stock has another shot at 280. But 280 isn’t a free level — that’s where the heaviest call resistance sits, so it needs momentum or a catalyst to push through.
If AAPL loses 275 with real conviction, then the drift toward 273 becomes much more likely. And if the broader market is weak, 272–273 is the zone where buyers typically step in because it lines up with both intraday demand and put flow support.
My thoughts on Option trading
Calls only make sense if AAPL reclaims 278 and shows actual strength. That’s where the momentum window opens toward 280.
Puts don’t really make sense unless 275 breaks cleanly. Below that, 273 and 272 are the first magnets, and premiums can expand quicker because there’s less hedging friction in the way. Above 275, put decay will be heavy because the GEX layout still leans slightly supportive.
Disclaimer
This is just my personal read on the chart and options landscape. It’s not financial advice. Always trade your own plan and manage your risk.
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.