AAPL Options History — April 2018

In April 2018, AAPL traded between $40.50 and $44.67. ATM implied volatility averaged 29.4%, placing in the 79.3% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded below realized volatility by 0.4% (HV 20d: 29.7%). Max pain ranged from $42.50 to $43.75. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.80.

Notable Days

2018-04-20: Highest Volume — 4,164,664 contracts
2018-04-20: Largest IV spike — 17.7% change
2018-04-02: Highest IV Rank — 100.0%
2018-04-24: Largest Expected Move — 9.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$42.51	$40.50	$44.67	$41.59	$41.44
Max Pain	$42.74	$42.50	$43.75	$42.50	$42.50
ATM IV	29.4%	24.3%	33.6%	33.6%	28.7%
Expected Move	8.4%	6.9%	9.7%	8.9%	9.7%
HV 20d	29.7%	27.1%	34.3%	27.1%	27.8%
HV 60d	27.6%	25.8%	29.1%	25.8%	29.1%
IV Rank	79.3%	54.3%	100.0%	100.0%	76.1%
IV Percentile	92.9%	71.4%	100.0%	100.0%	91.7%
Term Structure	-1.0%	-1.9%	0.6%	0.6%	-1.1%
VWIV	29.4%	25.6%	34.5%	31.4%	33.0%
Skew 25d	4.5%	3.5%	5.7%	5.7%	3.5%
Skew 10d	8.4%	6.6%	10.7%	10.7%	6.6%
Call IV 25d	26.9%	22.1%	31.2%	31.2%	26.2%
Put IV 25d	31.5%	26.3%	36.8%	36.8%	29.7%
Bid-Ask Spread %	2.24	1.16	4.32	2.07	1.70
Gamma HHI	0.11	0.06	0.37	0.06	0.07
Net GEX	251.2M	-76.1M	913.0M	102.9M	90.7M
Net DEX	-5.99B	-12.72B	-555.1M	-3.43B	-3.22B
Net VEX	-78.4M	-84.2M	-73.5M	-83.7M	-74.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.80	0.61	1.07	0.77	0.62
Total Volume	1,584,247.429	847,116	4,164,664	1,614,732	1,882,068
Total OI	12,957,183.238	11,512,832	14,074,508	12,482,292	11,813,000

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2018-04-02	$41.59	$42.50	33.6%	8.9%	27.1%	100.0%	31.4%	5.7%	0.6%	102.9M	-3.43B	-83.7M	0.77	2.07	N/A	N/A	912,300	702,432	7,047,572	5,434,720
2018-04-03	$42.06	$42.50	31.8%	8.1%	27.5%	91.5%	28.9%	5.4%	-0.1%	168.9M	-4.58B	-83.5M	0.95	1.78	N/A	N/A	845,456	807,144	7,228,220	5,605,468
2018-04-04	$43.00	$42.50	29.5%	7.1%	28.8%	80.1%	26.3%	4.9%	-0.3%	320.2M	-7.42B	-84.2M	0.83	1.72	N/A	N/A	1,000,900	832,268	7,361,484	5,768,248
2018-04-05	$43.36	$42.50	29.1%	7.7%	28.9%	78.0%	27.7%	4.9%	-0.6%	432.2M	-8.90B	-83.1M	0.66	3.14	N/A	N/A	941,836	617,544	7,539,080	5,936,608
2018-04-06	$42.14	$42.50	32.5%	8.6%	30.2%	94.7%	30.2%	4.8%	-0.9%	121.5M	-4.54B	-82.3M	0.78	3.85	N/A	N/A	1,043,008	812,692	7,610,636	6,028,796
2018-04-09	$42.77	$42.50	30.9%	8.5%	30.0%	86.8%	29.0%	5.0%	-1.0%	238.9M	-6.55B	-82.0M	0.61	2.53	N/A	N/A	725,860	445,428	7,288,992	5,749,484
2018-04-10	$43.38	$42.50	29.6%	7.9%	30.2%	80.3%	28.3%	4.9%	-1.8%	359.7M	-8.61B	-81.4M	0.76	2.25	N/A	N/A	762,636	577,196	7,410,560	5,841,336
2018-04-11	$43.10	$42.50	29.8%	8.4%	30.0%	81.6%	29.1%	4.8%	-0.5%	306.6M	-7.52B	-80.8M	0.92	2.18	N/A	N/A	441,808	405,308	7,482,700	5,950,832
2018-04-12	$43.69	$42.50	28.0%	7.7%	30.4%	72.5%	27.2%	4.3%	-1.4%	503.3M	-9.85B	-79.7M	0.86	1.84	N/A	N/A	620,084	530,220	7,531,872	5,975,400
2018-04-13	$43.71	$42.50	26.9%	7.4%	30.4%	67.1%	27.3%	4.5%	-1.6%	913.0M	-9.70B	-78.4M	0.97	2.48	N/A	N/A	792,428	767,620	7,570,056	6,034,604
2018-04-16	$44.02	$42.50	25.9%	7.3%	30.5%	62.3%	25.7%	4.3%	-0.9%	421.5M	-10.44B	-76.3M	0.88	1.55	N/A	N/A	516,892	453,144	7,259,284	5,885,572
2018-04-17	$44.67	$42.50	24.3%	6.9%	30.3%	54.3%	25.6%	4.2%	-0.4%	601.5M	-12.72B	-75.4M	0.77	1.19	N/A	N/A	832,864	644,880	7,393,080	6,009,212
2018-04-18	$44.53	$43.75	24.6%	7.1%	30.3%	55.9%	25.6%	4.4%	-0.3%	540.1M	-12.18B	-75.8M	0.87	1.16	N/A	N/A	537,164	467,192	7,475,044	6,128,408
2018-04-19	$43.25	$43.75	27.5%	7.9%	31.1%	70.2%	28.2%	4.6%	-0.7%	166.1M	-7.50B	-76.5M	0.69	4.32	N/A	N/A	1,073,416	735,728	7,522,572	6,206,036
2018-04-20	$41.47	$43.75	32.4%	9.4%	34.3%	94.2%	33.0%	4.5%	-1.4%	-57.5M	-555.1M	-75.8M	0.84	2.06	N/A	N/A	2,266,372	1,898,292	7,704,612	6,369,896
2018-04-23	$41.22	$43.75	30.7%	9.3%	33.5%	85.8%	31.8%	4.3%	-1.5%	36.1M	-2.10B	-75.5M	0.65	2.24	N/A	N/A	885,064	574,068	6,268,452	5,244,380
2018-04-24	$40.50	$42.50	31.9%	9.7%	29.3%	91.6%	34.5%	4.5%	-1.8%	7.6M	-904.3M	-74.1M	1.07	1.92	N/A	N/A	883,360	944,744	6,483,604	5,330,380
2018-04-25	$40.92	$42.50	31.0%	9.5%	28.3%	87.3%	31.9%	4.3%	-1.8%	32.7M	-1.76B	-76.1M	0.73	2.52	N/A	N/A	661,372	483,812	6,622,624	5,454,744
2018-04-26	$41.08	$42.50	29.0%	9.0%	28.1%	77.5%	30.9%	4.0%	-1.7%	44.4M	-2.06B	-74.1M	0.71	2.39	N/A	N/A	637,260	455,580	6,703,060	5,491,100
2018-04-27	$40.75	$42.50	29.1%	9.3%	27.6%	78.0%	32.0%	3.7%	-1.9%	-76.1M	-1.33B	-73.5M	0.83	2.17	N/A	N/A	1,011,868	839,888	6,793,792	5,545,328
2018-04-30	$41.44	$42.50	28.7%	9.7%	27.8%	76.1%	33.0%	3.5%	-1.1%	90.7M	-3.22B	-74.2M	0.62	1.70	N/A	N/A	1,164,072	717,996	6,409,780	5,403,220