AAPL Options History — January 2019

In January 2019, AAPL traded between $35.68 and $41.62. ATM implied volatility averaged 33.0%, placing in the 59.6% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded below realized volatility by 14.0% (HV 20d: 46.9%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.74.

Notable Days

  • 2019-01-03: Highest Volume — 5,148,228 contracts
  • 2019-01-30: Largest IV drop — 29.4% change
  • 2019-01-03: Highest IV Rank — 93.5%
  • 2019-01-29: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.51$35.68$41.62$39.27$41.62
Max Pain$41.85$40.00$45.00$41.25$41.25
ATM IV33.0%23.5%42.8%39.9%23.5%
Expected Move9.6%6.9%11.5%10.3%6.9%
HV 20d46.9%35.2%49.8%35.2%48.9%
HV 60d42.6%38.4%44.3%38.4%42.0%
IV Rank59.6%26.7%93.5%83.6%26.7%
IV Percentile82.3%42.9%99.6%97.6%42.9%
Term Structure-1.0%-2.3%0.1%-0.5%0.1%
VWIV33.4%24.3%40.0%36.0%24.3%
Skew 25d5.0%3.1%7.8%6.6%3.1%
Skew 10d9.2%5.8%14.3%11.7%5.8%
Call IV 25d30.5%22.5%39.3%36.9%22.5%
Put IV 25d35.5%25.7%47.1%43.5%25.7%
Bid-Ask Spread %1.791.192.601.401.27
Gamma HHI0.100.050.430.050.12
Net GEX118.5M-87.5M461.9M39.3M351.4M
Net DEX2.20B-2.72B8.47B3.49B-2.72B
Net VEX-67.5M-77.4M-53.8M-65.9M-77.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.421.040.970.64
Total Volume2,098,010.667273,6965,148,2281,580,2402,646,876
Total OI14,345,823.42911,086,22816,790,30014,556,37213,459,844

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$39.27$41.2539.9%10.3%35.2%83.6%36.0%6.6%-0.5%39.3M3.49B-65.9M0.971.40N/AN/A803,296776,9448,481,4086,074,964
2019-01-03$35.68$45.0042.8%11.5%45.7%93.5%40.0%7.8%-1.0%-87.5M8.47B-53.8M0.871.50N/AN/A2,748,3082,399,9208,634,4326,028,520
2019-01-04$36.95$43.7536.8%10.0%48.4%72.7%35.0%6.2%-0.8%78.7M5.01B-62.1M0.872.21N/AN/A1,753,7961,533,3489,393,7526,336,748
2019-01-07$37.09$43.7536.7%10.0%48.6%72.3%34.7%5.8%-1.6%-131.3K4.87B-62.9M0.422.60N/AN/A644,768268,3088,918,9166,107,580
2019-01-08$37.65$43.7535.4%9.8%49.0%67.8%34.1%5.3%-1.1%58.7M3.30B-64.8M0.772.05N/AN/A1,349,2801,038,1129,193,9286,270,564
2019-01-09$38.37$42.5034.5%9.4%49.8%64.9%32.9%5.1%-1.6%140.7M1.68B-67.7M0.781.98N/AN/A1,632,7801,272,4249,430,8926,441,496
2019-01-10$38.46$42.5033.5%9.4%49.8%61.4%33.9%5.5%-0.8%158.5M1.63B-69.7M0.971.64N/AN/A1,142,7481,110,9889,607,8246,579,624
2019-01-11$38.10$41.2533.4%9.5%49.7%61.0%31.8%5.4%-0.3%89.1M2.54B-67.2M0.622.07N/AN/A1,050,496653,0329,841,2806,786,896
2019-01-14$37.45$41.2532.9%9.3%49.7%59.4%32.4%4.9%-1.3%17.2M4.17B-64.6M0.601.61N/AN/A844,184506,8089,464,0366,362,960
2019-01-15$38.28$41.2530.5%8.7%49.7%51.1%30.7%4.3%-0.5%129.1M1.80B-66.8M0.581.82N/AN/A825,692482,5849,714,7726,429,596
2019-01-16$38.67$41.2530.8%8.8%49.7%51.9%30.5%4.4%-1.4%168.9M683.6M-68.2M1.041.29N/AN/A970,6801,006,1329,807,8406,476,344
2019-01-17$38.86$41.2530.6%8.9%49.0%51.4%30.8%4.2%-1.4%180.2M41.4K-68.7M0.462.43N/AN/A1,231,188561,8169,930,3486,616,796
2019-01-18$39.08$41.2530.5%8.9%47.6%50.9%31.1%4.6%-2.3%130.4M-954.1M-69.4M0.631.19N/AN/A1,307,756822,85610,129,2366,661,064
2019-01-22$38.36$40.0033.5%10.2%47.3%61.4%35.7%5.2%-1.1%47.6M2.67B-67.8M0.751.85N/AN/A822,424616,6286,440,9404,645,288
2019-01-23$38.40$40.0033.1%10.2%45.3%59.9%35.4%5.0%-1.1%61.3M2.59B-68.1M0.802.56N/AN/A663,124528,4726,626,2124,785,140
2019-01-24$38.04$40.0032.6%10.2%44.6%58.3%34.8%4.8%-1.0%15.6M3.19B-67.5M0.771.22N/AN/A601,180465,5766,731,5564,900,424
2019-01-25$39.41$40.0030.4%9.5%42.8%50.5%33.2%4.7%-1.2%461.9M488.3M-70.4M0.741.57N/AN/A1,347,704996,7686,810,4684,970,960
2019-01-28$38.98$42.5033.2%11.0%43.0%60.3%38.5%4.4%-1.4%61.3M2.59B-70.0M0.671.34N/AN/A164,032109,6646,456,7284,961,684
2019-01-29$38.70$42.5034.1%11.5%43.1%63.3%39.7%4.5%-1.7%51.2M2.96B-69.7M0.881.89N/AN/A1,341,8441,184,6126,667,5885,132,472
2019-01-30$41.30$42.5024.0%7.3%48.9%28.5%26.4%3.5%0.1%334.7M-2.22B-73.9M0.782.01N/AN/A2,149,0361,682,0407,209,4365,741,736
2019-01-31$41.62$41.2523.5%6.9%48.9%26.7%24.3%3.1%0.1%351.4M-2.72B-77.4M0.641.27N/AN/A1,616,0121,030,8647,386,3966,073,448