AAPL Options History — December 2018

In December 2018, AAPL traded between $36.92 and $46.06. ATM implied volatility averaged 34.7%, placing in the 68.7% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded below realized volatility by 3.0% (HV 20d: 37.7%). Max pain ranged from $41.25 to $46.88. Net GEX was positive for 7 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.78.

Notable Days

2018-12-05: Highest Volume — 3,345,652 contracts
2018-12-04: Largest IV spike — 19.8% change
2018-12-24: Highest IV Rank — 100.0%
2018-12-24: Largest Expected Move — 13.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$41.21	$36.92	$46.06	$46.06	$39.34
Max Pain	$43.53	$41.25	$46.88	$46.88	$41.25
ATM IV	34.7%	23.9%	44.6%	23.9%	40.0%
Expected Move	10.1%	7.3%	13.2%	7.3%	10.7%
HV 20d	37.7%	33.0%	42.4%	40.7%	37.7%
HV 60d	36.4%	35.2%	38.7%	35.3%	38.4%
IV Rank	68.7%	30.3%	100.0%	30.3%	84.1%
IV Percentile	90.4%	54.0%	100.0%	54.0%	98.4%
Term Structure	0.6%	-1.9%	4.4%	0.5%	-0.7%
VWIV	34.7%	26.3%	47.7%	26.3%	37.6%
Skew 25d	5.9%	2.7%	9.5%	2.7%	6.8%
Skew 10d	11.2%	4.7%	18.6%	4.7%	12.3%
Call IV 25d	32.0%	23.0%	40.1%	23.0%	38.0%
Put IV 25d	37.9%	25.7%	49.6%	25.7%	44.8%
Bid-Ask Spread %	2.52	0.99	7.49	1.82	1.63
Gamma HHI	0.07	0.04	0.18	0.06	0.05
Net GEX	-26.9M	-156.0M	181.1M	181.1M	44.0M
Net DEX	4.31B	-3.34B	9.52B	-3.34B	3.36B
Net VEX	-70.4M	-79.5M	-59.2M	-79.5M	-67.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.78	0.60	1.29	0.62	0.60
Total Volume	2,375,215	1,341,072	3,345,652	2,473,908	1,368,764
Total OI	15,565,341.8	14,003,348	16,727,876	15,061,612	14,255,508

Daily Data (20 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
2018-12-03	$46.06	$46.88	23.9%	7.3%	40.7%	30.3%	26.3%	2.7%	0.5%	181.1M	-3.34B	-79.5M	0.62	1.82	N/A	N/A	1,525,800	948,108	8,401,884	6,659,728
2018-12-04	$44.18	$46.88	28.7%	9.1%	42.4%	48.1%	31.7%	4.6%	0.1%	-7.6M	1.74B	-77.0M	0.94	2.74	N/A	N/A	1,585,488	1,496,936	8,626,208	6,755,652
2018-12-05	$44.17	$46.88	29.3%	9.5%	42.2%	50.4%	32.9%	4.7%	-0.1%	-13.6M	1.82B	-75.1M	1.02	7.49	N/A	N/A	1,656,424	1,689,228	8,626,208	6,755,652
2018-12-06	$43.62	$43.75	29.7%	8.5%	39.9%	51.7%	29.9%	5.1%	0.0%	-91.4M	3.06B	-75.0M	0.72	1.69	N/A	N/A	1,808,808	1,293,456	8,834,308	6,870,140
2018-12-07	$42.66	$43.75	32.8%	9.3%	40.2%	63.5%	32.2%	5.5%	-0.1%	-118.1M	4.57B	-74.0M	0.61	3.24	N/A	N/A	892,460	544,020	9,140,636	6,967,284
2018-12-10	$42.30	$43.75	33.1%	9.5%	40.1%	64.7%	33.5%	5.2%	-0.0%	-47.6M	4.32B	-72.7M	0.71	1.94	N/A	N/A	1,825,536	1,304,916	8,665,480	6,733,100
2018-12-11	$42.25	$42.50	32.3%	9.3%	37.1%	61.6%	31.8%	5.1%	0.0%	-5.7M	3.81B	-73.7M	0.66	2.11	N/A	N/A	1,345,956	888,160	8,981,856	6,852,136
2018-12-12	$42.45	$43.75	30.4%	8.8%	37.3%	54.4%	28.4%	4.8%	0.4%	5.8M	3.41B	-74.2M	1.29	1.30	N/A	N/A	915,480	1,185,392	9,199,168	7,003,760
2018-12-13	$42.73	$43.75	30.0%	8.7%	36.8%	53.2%	28.6%	4.4%	0.4%	44.6M	2.51B	-75.3M	0.71	0.99	N/A	N/A	1,099,704	781,436	9,353,444	7,011,364
2018-12-14	$41.37	$43.75	32.7%	9.4%	37.0%	63.0%	32.3%	5.0%	0.4%	-156.0M	5.87B	-71.1M	0.75	1.43	N/A	N/A	1,367,004	1,027,876	9,431,716	7,090,760
2018-12-17	$40.72	$43.75	35.6%	10.2%	36.0%	73.9%	35.6%	5.9%	-0.3%	-71.9M	6.17B	-69.9M	0.74	1.83	N/A	N/A	769,520	571,552	9,010,292	6,768,544
2018-12-18	$41.60	$43.75	34.5%	9.9%	34.7%	69.7%	33.4%	5.6%	-1.2%	-13.1M	4.21B	-72.7M	0.72	1.37	N/A	N/A	962,844	693,268	9,195,132	6,802,792
2018-12-19	$40.14	$43.75	35.4%	10.2%	33.0%	73.3%	34.1%	5.6%	-0.7%	-98.2M	7.06B	-67.5M	0.64	4.63	N/A	N/A	1,216,824	778,228	9,388,944	6,881,784
2018-12-20	$39.19	$42.50	38.6%	11.2%	33.7%	85.1%	38.6%	6.9%	-1.9%	-113.1M	7.92B	-65.4M	0.79	5.18	N/A	N/A	1,621,728	1,273,880	9,612,456	6,796,304
2018-12-21	$37.76	$42.50	42.4%	12.3%	34.8%	99.3%	41.7%	9.1%	-1.2%	-141.3M	9.52B	-61.8M	0.85	2.27	N/A	N/A	1,782,500	1,522,588	9,862,452	6,865,424
2018-12-24	$36.92	$42.50	44.6%	13.2%	34.7%	100.0%	47.7%	9.5%	2.6%	-54.6M	7.97B	-59.2M	1.06	2.37	N/A	N/A	789,512	839,556	8,042,080	5,961,268
2018-12-26	$38.82	$42.50	38.9%	11.5%	40.3%	80.1%	38.8%	7.0%	4.1%	11.0M	4.61B	-64.4M	0.85	2.04	N/A	N/A	1,627,340	1,389,056	8,251,700	5,931,148
2018-12-27	$38.91	$41.25	40.3%	11.7%	37.1%	84.9%	40.9%	8.2%	4.4%	48.3M	4.12B	-66.1M	0.69	2.99	N/A	N/A	1,615,216	1,117,796	8,529,800	6,112,740
2018-12-28	$39.05	$41.25	39.9%	11.3%	37.3%	83.7%	38.7%	6.9%	4.4%	59.6M	3.46B	-67.3M	0.62	1.32	N/A	N/A	1,467,504	914,436	8,841,176	6,236,808
2018-12-31	$39.34	$41.25	40.0%	10.7%	37.7%	84.1%	37.6%	6.8%	-0.7%	44.0M	3.36B	-67.0M	0.60	1.63	N/A	N/A	857,184	511,580	8,301,760	5,953,748