AAPL Options History — July 2018

In July 2018, AAPL traded between $45.98 and $48.55. ATM implied volatility averaged 24.1%, placing in the 46.4% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 8.5% (HV 20d: 15.6%). Max pain ranged from $46.25 to $46.25. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.79.

Notable Days

2018-07-31: Highest Volume — 2,958,196 contracts
2018-07-27: Largest IV spike — 10.3% change
2018-07-31: Highest IV Rank — 62.4%
2018-07-31: Largest Expected Move — 9.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.58	$45.98	$48.55	$46.72	$47.80
Max Pain	$46.25	$46.25	$46.25	$46.25	$46.25
ATM IV	24.1%	20.9%	26.9%	24.3%	26.9%
Expected Move	6.9%	5.3%	9.2%	5.3%	9.2%
HV 20d	15.6%	13.1%	17.5%	13.1%	16.0%
HV 60d	19.9%	13.6%	22.2%	21.9%	13.6%
IV Rank	46.4%	28.1%	62.4%	47.8%	62.4%
IV Percentile	65.4%	41.3%	85.3%	68.7%	85.3%
Term Structure	-1.0%	-1.8%	-0.2%	-0.5%	-1.6%
VWIV	24.5%	21.3%	32.8%	21.3%	32.8%
Skew 25d	3.7%	2.8%	5.1%	3.3%	5.1%
Skew 10d	7.0%	5.3%	10.3%	6.5%	10.3%
Call IV 25d	22.4%	19.7%	25.9%	24.3%	24.2%
Put IV 25d	26.0%	22.5%	29.3%	27.6%	29.3%
Bid-Ask Spread %	1.34	0.94	3.12	1.36	2.07
Gamma HHI	0.12	0.09	0.16	0.11	0.09
Net GEX	395.6M	89.2M	629.4M	219.9M	282.8M
Net DEX	-11.66B	-14.54B	-6.77B	-9.44B	-10.08B
Net VEX	-71.1M	-77.8M	-66.4M	-77.5M	-71.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.79	0.49	1.66	0.86	1.07
Total Volume	1,275,406.857	842,964	2,958,196	977,052	2,958,196
Total OI	12,599,249.905	10,736,480	13,861,588	12,676,976	11,696,512

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
2018-07-02	$46.72	$46.25	24.3%	5.3%	13.1%	47.8%	21.3%	3.3%	-0.5%	219.9M	-9.44B	-77.5M	0.86	1.36	N/A	N/A	526,292	450,760	6,591,512	6,085,464
2018-07-03	$45.98	$46.25	26.6%	6.0%	13.7%	60.5%	21.3%	3.4%	-0.2%	89.2M	-6.77B	-77.8M	0.86	3.12	N/A	N/A	452,508	390,456	6,722,096	6,135,024
2018-07-05	$46.42	$46.25	26.6%	7.2%	14.3%	60.6%	24.7%	3.3%	-0.7%	196.9M	-8.54B	-75.8M	0.73	1.79	N/A	N/A	590,824	432,876	6,799,080	6,171,236
2018-07-06	$47.05	$46.25	25.1%	6.7%	15.3%	52.3%	24.2%	3.3%	-0.6%	437.3M	-11.13B	-73.9M	1.06	1.71	N/A	N/A	687,448	725,728	6,846,836	6,217,176
2018-07-09	$47.65	$46.25	24.7%	6.7%	15.6%	49.9%	23.6%	3.4%	-1.3%	443.0M	-12.77B	-71.6M	0.58	0.99	N/A	N/A	839,148	485,116	6,627,868	5,987,216
2018-07-10	$47.66	$46.25	23.9%	6.5%	15.6%	45.4%	24.3%	3.9%	-1.1%	499.3M	-13.14B	-70.7M	1.66	1.02	N/A	N/A	643,460	1,069,880	6,848,272	6,124,528
2018-07-11	$46.97	$46.25	25.0%	6.7%	16.4%	51.3%	24.1%	4.0%	-1.7%	255.2M	-10.22B	-73.7M	0.69	0.94	N/A	N/A	620,440	427,632	7,078,656	6,271,372
2018-07-12	$47.74	$46.25	24.2%	6.6%	17.5%	46.8%	23.7%	3.7%	-1.4%	563.1M	-13.28B	-72.5M	0.78	1.01	N/A	N/A	747,148	583,884	7,169,288	6,326,076
2018-07-13	$47.87	$46.25	23.1%	6.5%	17.5%	40.6%	23.0%	3.9%	-0.6%	493.7M	-14.10B	-71.1M	0.69	1.05	N/A	N/A	612,752	420,408	7,291,516	6,464,352
2018-07-16	$47.72	$46.25	23.5%	6.6%	16.9%	42.8%	23.1%	4.1%	-0.9%	474.8M	-13.11B	-70.2M	0.73	1.44	N/A	N/A	519,948	380,776	7,010,684	6,235,416
2018-07-17	$47.94	$46.25	23.3%	6.6%	17.0%	41.6%	23.1%	3.9%	-1.4%	529.6M	-13.99B	-69.0M	0.62	0.97	N/A	N/A	553,632	344,064	7,093,388	6,330,264
2018-07-18	$47.59	$46.25	23.6%	6.8%	15.9%	43.3%	23.9%	4.1%	-1.0%	440.0M	-12.64B	-69.7M	0.67	0.95	N/A	N/A	548,884	365,280	7,188,024	6,379,196
2018-07-19	$48.06	$46.25	24.2%	7.0%	16.1%	47.0%	23.4%	4.0%	-1.8%	629.4M	-14.54B	-70.6M	0.49	0.94	N/A	N/A	882,296	436,708	7,289,360	6,500,428
2018-07-20	$47.63	$46.25	23.3%	6.8%	16.1%	41.6%	23.6%	3.9%	-1.2%	312.5M	-13.10B	-69.6M	0.58	1.19	N/A	N/A	792,940	457,960	7,313,784	6,547,804
2018-07-23	$47.91	$46.25	22.4%	6.7%	16.2%	36.6%	24.0%	3.1%	-0.8%	320.9M	-10.87B	-67.5M	0.67	1.25	N/A	N/A	647,984	431,336	5,619,372	5,117,108
2018-07-24	$48.17	$46.25	22.0%	6.7%	14.5%	34.6%	23.4%	3.0%	-0.9%	450.8M	-11.95B	-67.2M	0.62	1.10	N/A	N/A	694,628	428,224	5,853,588	5,220,900
2018-07-25	$48.55	$46.25	20.9%	6.4%	14.0%	28.1%	22.9%	2.8%	-0.7%	587.7M	-13.19B	-66.4M	0.76	1.28	N/A	N/A	544,792	414,444	5,986,324	5,305,884
2018-07-26	$48.55	$46.25	22.3%	6.9%	14.0%	36.3%	25.1%	3.2%	-1.1%	557.0M	-13.01B	-67.5M	0.68	1.52	N/A	N/A	732,548	499,124	6,072,804	5,394,520
2018-07-27	$47.66	$46.25	24.6%	7.7%	15.8%	49.3%	26.7%	3.7%	-1.2%	257.6M	-9.68B	-69.9M	0.77	1.15	N/A	N/A	1,079,212	826,068	6,116,284	5,456,944
2018-07-30	$47.50	$46.25	25.7%	8.5%	15.9%	55.5%	31.9%	4.0%	-1.2%	266.9M	-9.40B	-70.2M	1.13	1.28	N/A	N/A	723,516	814,224	5,850,804	5,247,288
2018-07-31	$47.80	$46.25	26.9%	9.2%	16.0%	62.4%	32.8%	5.1%	-1.6%	282.8M	-10.08B	-71.4M	1.07	2.07	N/A	N/A	1,428,472	1,529,724	6,062,236	5,634,276