AAPL Options History — November 2018

In November 2018, AAPL traded between $43.07 and $55.34. ATM implied volatility averaged 30.3%, placing in the 54.3% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded below realized volatility by 13.0% (HV 20d: 43.4%). Max pain ranged from $46.25 to $53.75. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.74.

Notable Days

2018-11-02: Highest Volume — 6,086,964 contracts
2018-11-12: Largest IV spike — 21.3% change
2018-11-20: Highest IV Rank — 79.3%
2018-11-01: Largest Expected Move — 12.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.74	$43.07	$55.34	$55.34	$44.70
Max Pain	$51.40	$46.25	$53.75	$53.75	$46.25
ATM IV	30.3%	24.2%	37.0%	34.4%	29.7%
Expected Move	8.9%	6.9%	12.1%	12.1%	9.2%
HV 20d	43.4%	31.9%	47.8%	31.9%	45.2%
HV 60d	31.2%	23.7%	34.7%	23.7%	34.6%
IV Rank	54.3%	31.4%	79.3%	69.6%	51.8%
IV Percentile	85.1%	63.9%	98.4%	97.2%	82.1%
Term Structure	-0.4%	-1.7%	0.4%	-1.4%	-0.5%
VWIV	31.3%	24.4%	42.4%	42.4%	31.6%
Skew 25d	4.1%	3.2%	5.7%	5.7%	3.7%
Skew 10d	7.9%	5.9%	10.4%	10.4%	6.8%
Call IV 25d	28.7%	22.9%	35.1%	31.7%	28.3%
Put IV 25d	32.8%	26.1%	40.4%	37.4%	32.0%
Bid-Ask Spread %	2.43	1.66	3.47	3.03	1.66
Gamma HHI	0.08	0.05	0.21	0.07	0.07
Net GEX	11.7M	-196.8M	320.4M	320.4M	78.4M
Net DEX	-1.07B	-15.23B	5.14B	-15.23B	-149.3M
Net VEX	-77.8M	-83.9M	-71.5M	-83.9M	-80.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.74	0.44	1.06	0.77	0.65
Total Volume	2,785,686.476	1,472,752	6,086,964	2,681,940	2,404,728
Total OI	14,586,485.714	12,841,240	15,919,960	13,712,792	15,855,932

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
2018-11-01	$55.34	$53.75	34.4%	12.1%	31.9%	69.6%	42.4%	5.7%	-1.4%	320.4M	-15.23B	-83.9M	0.77	3.03	N/A	N/A	1,515,976	1,165,964	7,324,076	6,388,716
2018-11-02	$51.41	$53.75	30.1%	9.5%	40.8%	53.5%	33.2%	3.6%	-0.3%	-192.8M	-3.70B	-80.3M	0.78	1.88	N/A	N/A	3,416,532	2,670,432	7,739,428	6,769,436
2018-11-05	$50.33	$53.75	29.7%	8.3%	41.2%	51.9%	29.6%	4.3%	-0.4%	-30.1M	-2.73B	-79.8M	0.72	3.47	N/A	N/A	2,053,092	1,486,412	7,524,276	6,404,504
2018-11-06	$50.72	$53.75	28.3%	7.8%	41.0%	46.5%	27.8%	3.6%	-0.3%	11.6M	-3.93B	-80.9M	0.68	3.00	N/A	N/A	874,104	598,648	7,938,208	6,851,236
2018-11-07	$52.23	$52.50	24.2%	7.0%	41.2%	31.4%	26.0%	3.3%	0.0%	226.3M	-8.49B	-81.1M	0.44	2.00	N/A	N/A	2,067,008	910,324	8,075,600	6,979,192
2018-11-08	$52.00	$52.50	24.2%	6.9%	41.0%	31.5%	24.4%	3.2%	0.4%	174.1M	-6.79B	-80.7M	0.68	3.46	N/A	N/A	1,042,264	703,656	7,884,140	7,140,832
2018-11-09	$51.10	$52.50	25.3%	7.3%	40.2%	35.5%	26.7%	3.2%	0.2%	-167.9M	-3.98B	-79.3M	0.93	2.68	N/A	N/A	1,308,336	1,216,620	7,998,812	7,136,012
2018-11-12	$48.60	$52.50	30.7%	8.6%	43.4%	55.6%	30.0%	4.0%	-0.6%	-120.3M	1.00B	-75.9M	0.71	2.74	N/A	N/A	1,703,224	1,202,332	7,460,760	6,631,768
2018-11-13	$48.11	$52.50	29.6%	8.5%	42.5%	51.7%	29.3%	3.4%	0.0%	-87.8M	1.47B	-76.8M	0.70	2.64	N/A	N/A	1,394,544	977,660	7,911,360	6,817,160
2018-11-14	$46.86	$52.50	31.6%	9.0%	43.0%	58.8%	31.2%	4.2%	0.1%	-102.1M	3.38B	-75.1M	0.75	3.42	N/A	N/A	2,230,316	1,669,284	8,175,084	6,818,576
2018-11-15	$47.76	$52.50	30.2%	8.6%	43.7%	53.8%	29.8%	3.9%	-0.5%	56.1M	534.3M	-80.2M	0.69	2.30	N/A	N/A	1,470,644	1,017,368	8,658,116	6,964,688
2018-11-16	$48.53	$52.50	29.0%	8.3%	43.6%	49.3%	29.4%	3.7%	0.0%	258.2M	-1.69B	-82.1M	0.69	1.86	N/A	N/A	1,527,332	1,054,056	8,808,656	7,111,304
2018-11-19	$46.35	$52.50	33.5%	9.6%	45.4%	66.0%	33.1%	4.3%	-1.5%	-26.0M	458.6M	-76.2M	0.69	1.85	N/A	N/A	1,315,988	905,952	6,999,120	5,842,120
2018-11-20	$44.20	$51.88	37.0%	10.6%	47.0%	79.3%	36.6%	5.3%	-1.7%	-85.5M	3.94B	-74.7M	0.72	1.85	N/A	N/A	2,315,728	1,671,468	7,340,144	6,031,560
2018-11-21	$44.19	$50.00	33.9%	9.7%	47.1%	67.5%	34.2%	5.1%	-1.3%	-54.4M	3.26B	-75.2M	0.76	1.88	N/A	N/A	1,138,140	869,024	7,951,168	6,243,380
2018-11-23	$43.07	$50.00	34.8%	10.1%	46.6%	70.9%	34.9%	5.3%	-1.3%	-196.8M	5.14B	-71.7M	0.93	3.44	N/A	N/A	1,032,236	955,016	8,106,900	6,408,052
2018-11-26	$43.49	$50.00	32.0%	9.6%	47.0%	60.5%	33.5%	4.7%	-0.0%	-55.1M	3.73B	-71.5M	0.64	2.17	N/A	N/A	1,444,820	919,040	7,552,908	6,259,600
2018-11-27	$43.49	$48.75	30.6%	9.2%	46.2%	55.3%	32.1%	4.4%	-0.1%	-24.6M	3.10B	-72.3M	0.79	1.71	N/A	N/A	1,068,212	848,040	7,955,388	6,376,332
2018-11-28	$45.17	$47.50	29.1%	8.9%	47.8%	49.5%	29.5%	3.9%	-0.1%	119.0M	-1.03B	-77.2M	1.06	1.88	N/A	N/A	1,610,932	1,701,412	8,197,944	6,529,300
2018-11-29	$44.98	$47.50	29.1%	8.9%	45.6%	49.8%	31.1%	3.5%	-0.1%	144.0M	-807.4M	-79.1M	0.66	1.98	N/A	N/A	1,820,208	1,202,344	8,474,584	6,679,828
2018-11-30	$44.70	$46.25	29.7%	9.2%	45.2%	51.8%	31.6%	3.7%	-0.5%	78.4M	-149.3M	-80.5M	0.65	1.66	N/A	N/A	1,453,228	951,500	8,878,488	6,977,444