AAPL Options History — September 2018

In September 2018, AAPL traded between $54.33 and $57.16. ATM implied volatility averaged 22.9%, placing in the 39.7% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 4.1% (HV 20d: 18.8%). Max pain ranged from $51.25 to $53.75. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.68.

Notable Days

  • 2018-09-13: Highest Volume — 3,671,840 contracts
  • 2018-09-17: Largest IV spike — 12.7% change
  • 2018-09-10: Highest IV Rank — 52.5%
  • 2018-09-05: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$55.56$54.33$57.16$57.16$56.32
Max Pain$52.83$51.25$53.75$51.25$53.75
ATM IV22.9%21.0%25.1%23.5%22.1%
Expected Move6.4%5.5%7.2%7.1%5.5%
HV 20d18.8%12.9%21.7%13.1%21.4%
HV 60d19.8%18.4%20.5%18.4%20.2%
IV Rank39.7%29.2%52.5%43.4%35.2%
IV Percentile57.5%45.2%77.0%60.3%51.6%
Term Structure1.0%-0.8%4.9%-0.3%4.9%
VWIV23.1%20.1%25.8%25.4%20.1%
Skew 25d2.5%1.1%3.3%1.1%2.5%
Skew 10d5.1%2.8%6.5%2.8%5.1%
Call IV 25d22.0%19.4%23.9%23.4%19.4%
Put IV 25d24.4%21.9%26.9%24.5%21.9%
Bid-Ask Spread %1.541.173.143.141.53
Gamma HHI0.110.080.300.130.21
Net GEX338.4M-308.5M788.4M566.5M788.4M
Net DEX-19.36B-26.11B-15.55B-26.11B-19.94B
Net VEX-78.2M-82.3M-73.9M-73.9M-76.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.460.960.460.63
Total Volume2,280,243.5791,262,3843,671,8402,377,7321,841,016
Total OI15,483,948.21113,183,26416,891,65614,951,42014,451,904

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-09-04$57.16$51.2523.5%7.1%13.1%43.4%25.4%1.1%-0.3%566.5M-26.11B-73.9M0.463.14N/AN/A1,625,632752,1007,524,2687,427,152
2018-09-05$56.72$51.2523.7%7.2%12.9%44.4%25.8%1.6%-0.5%505.3M-24.51B-75.3M0.701.45N/AN/A1,501,6481,052,5007,770,3807,636,720
2018-09-06$55.77$52.5023.9%6.6%14.9%45.6%25.7%2.6%-0.5%235.7M-20.24B-77.2M0.711.58N/AN/A1,819,5641,285,9007,995,2007,987,896
2018-09-07$55.63$52.5024.1%6.7%14.8%46.8%24.1%2.7%-0.4%185.6M-19.51B-82.3M0.712.62N/AN/A1,568,0441,114,3768,147,1448,160,044
2018-09-10$54.59$52.5025.1%7.0%16.2%52.5%24.9%3.0%-0.8%189.3M-16.37B-81.7M0.861.35N/AN/A1,262,8801,083,5407,585,5967,740,896
2018-09-11$55.89$52.5024.7%6.9%17.8%49.9%24.5%2.3%-0.8%424.2M-21.33B-81.5M0.541.61N/AN/A1,489,072797,0767,798,4247,862,184
2018-09-12$55.31$52.5022.8%6.5%18.4%39.5%23.0%1.9%-0.3%342.2M-19.45B-78.6M0.531.34N/AN/A2,167,9881,156,7848,002,1968,054,852
2018-09-13$56.43$52.5022.3%6.4%19.4%36.7%22.6%1.4%-0.2%676.2M-24.06B-78.6M0.591.28N/AN/A2,314,7281,357,1128,363,9608,240,180
2018-09-14$55.94$52.5021.3%6.1%19.4%31.2%21.8%1.8%-0.2%353.4M-21.71B-75.4M0.631.17N/AN/A1,791,4401,121,7928,483,8248,407,832
2018-09-17$54.59$52.5024.1%6.9%20.4%46.5%24.5%2.7%0.1%169.5M-16.62B-81.4M0.701.38N/AN/A1,201,864840,3767,966,4287,969,856
2018-09-18$54.66$52.5023.9%6.8%20.1%45.7%24.3%3.3%0.7%146.7M-16.72B-82.2M0.651.57N/AN/A1,050,728681,6168,141,4528,088,808
2018-09-19$54.69$52.5022.8%6.5%20.1%39.5%23.4%3.0%0.8%128.8M-17.13B-78.5M0.661.22N/AN/A1,023,648676,0568,202,2688,222,828
2018-09-20$55.13$53.7521.7%6.2%20.3%33.2%22.1%2.6%0.5%342.3M-19.17B-79.1M0.731.17N/AN/A1,059,172775,5328,333,1248,274,108
2018-09-21$54.33$53.7522.4%6.4%21.0%37.0%22.3%2.9%-0.1%-308.5M-15.55B-78.4M0.961.31N/AN/A1,242,2841,196,0808,347,3088,393,532
2018-09-24$55.17$53.7521.5%6.0%21.7%31.9%21.6%3.0%3.9%282.1M-15.68B-76.1M0.821.22N/AN/A818,224668,9766,737,6806,445,584
2018-09-25$55.59$53.7521.0%5.8%21.7%29.2%20.8%3.2%4.0%388.1M-17.19B-76.0M0.671.39N/AN/A771,440518,5086,925,3566,650,968
2018-09-26$55.47$53.7521.1%5.8%21.4%29.9%20.7%2.8%4.1%372.6M-16.85B-76.5M0.671.41N/AN/A757,104505,2807,053,7286,752,868
2018-09-27$56.27$53.7522.1%5.9%21.5%35.5%21.3%2.5%4.5%640.9M-19.74B-76.5M0.691.43N/AN/A1,441,024993,5247,208,1086,840,360
2018-09-28$56.32$53.7522.1%5.5%21.4%35.2%20.1%2.5%4.9%788.4M-19.94B-76.9M0.631.53N/AN/A1,130,624710,3927,384,9727,066,932