AAPL Options History — September 2019

In September 2019, AAPL traded between $51.51 and $56.12. ATM implied volatility averaged 24.6%, placing in the 24.2% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded below realized volatility by 1.2% (HV 20d: 25.8%). Max pain ranged from $50.00 to $52.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.82.

Notable Days

  • 2019-09-11: Highest Volume — 3,524,512 contracts
  • 2019-09-04: Largest IV drop — 11.1% change
  • 2019-09-03: Highest IV Rank — 44.5%
  • 2019-09-03: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.52$51.51$56.12$51.51$55.98
Max Pain$51.63$50.00$52.50$51.25$52.50
ATM IV24.6%22.3%30.0%30.0%27.3%
Expected Move6.9%6.4%8.9%8.9%6.6%
HV 20d25.8%20.3%30.1%29.7%21.7%
HV 60d26.0%25.2%26.6%25.2%26.4%
IV Rank24.2%15.7%44.5%44.5%34.6%
IV Percentile29.3%16.3%67.9%67.9%51.2%
Term Structure1.2%-0.6%5.0%-0.2%-0.2%
VWIV24.9%22.9%31.1%31.1%24.2%
Skew 25d4.7%3.6%6.6%6.6%6.0%
Skew 10d9.4%7.2%14.4%14.4%12.6%
Call IV 25d22.4%21.0%26.8%26.8%25.9%
Put IV 25d27.0%24.6%33.4%33.4%31.9%
Bid-Ask Spread %1.591.272.071.391.50
Gamma HHI0.100.060.120.060.09
Net GEX426.5M161.0M710.0M161.0M454.5M
Net DEX-14.74B-20.72B-8.22B-8.22B-16.06B
Net VEX-86.6M-92.0M-83.6M-92.0M-83.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.551.221.040.67
Total Volume1,781,562.61,005,8083,524,5121,157,3401,648,192
Total OI13,324,13911,900,15614,472,02812,683,48012,480,236

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-09-03$51.51$51.2530.0%8.9%29.7%44.5%31.1%6.6%-0.2%161.0M-8.22B-92.0M1.041.39N/AN/A568,224589,1166,615,1126,068,368
2019-09-04$52.31$51.2526.6%7.7%29.8%31.9%28.3%5.9%0.1%319.6M-10.52B-91.5M0.931.27N/AN/A681,024632,4606,718,4566,221,104
2019-09-05$53.27$50.0024.7%7.0%30.1%24.5%25.4%5.0%0.2%561.3M-13.61B-88.6M0.631.48N/AN/A980,644614,6366,845,6646,312,640
2019-09-06$53.38$50.0024.0%6.8%29.5%21.9%27.1%4.8%0.3%562.8M-14.05B-87.7M1.031.67N/AN/A888,892914,8726,941,1806,391,120
2019-09-09$53.56$50.0024.4%7.0%29.5%23.4%25.0%5.3%0.2%396.7M-13.37B-87.9M0.781.75N/AN/A923,432718,9086,664,6686,255,460
2019-09-10$53.76$51.2524.4%7.0%29.1%23.6%25.3%5.0%0.0%442.9M-13.86B-87.9M0.821.47N/AN/A1,075,788880,1766,832,8486,412,692
2019-09-11$55.75$51.2523.3%6.5%28.1%19.1%23.6%3.9%-0.6%699.1M-20.22B-83.8M0.551.41N/AN/A2,278,2521,246,2607,018,3806,586,056
2019-09-12$56.12$51.2522.3%6.4%25.6%15.7%23.7%3.6%-0.1%710.0M-20.72B-83.6M0.691.62N/AN/A1,549,6441,071,1647,164,6286,849,016
2019-09-13$54.70$51.2523.4%6.7%27.6%19.8%24.3%3.9%-0.0%364.8M-15.40B-86.6M0.791.83N/AN/A1,940,1121,538,2007,190,4927,056,672
2019-09-16$54.97$51.2524.0%6.9%26.7%22.1%24.8%4.0%0.0%434.3M-16.10B-86.3M0.771.55N/AN/A645,776495,0967,005,8886,766,744
2019-09-17$55.12$51.2523.8%6.8%26.0%21.2%24.7%4.1%0.1%451.2M-16.41B-86.3M0.881.75N/AN/A535,272470,5367,112,7046,848,308
2019-09-18$55.57$52.5023.6%6.8%26.1%20.4%24.5%4.1%-0.2%543.5M-17.78B-84.7M0.912.07N/AN/A1,029,952941,0527,199,2806,887,560
2019-09-19$55.27$52.5023.0%6.6%26.3%18.3%22.9%4.0%0.4%499.2M-16.78B-85.2M0.671.30N/AN/A964,056642,3767,297,3687,025,824
2019-09-20$54.65$52.5023.3%6.6%26.7%19.1%23.2%4.0%0.7%272.2M-14.63B-86.3M0.811.35N/AN/A1,187,032965,8687,373,4047,098,624
2019-09-23$54.90$52.5022.8%6.5%20.3%17.4%22.9%4.1%5.0%322.0M-13.50B-84.1M0.561.50N/AN/A655,828369,9886,239,0485,661,108
2019-09-24$54.56$52.5025.3%7.2%20.5%26.9%25.3%4.8%4.5%280.3M-12.47B-87.1M0.861.60N/AN/A1,043,368896,7686,543,2765,943,152
2019-09-25$55.28$52.5024.0%6.7%20.7%21.8%23.9%4.6%4.7%448.0M-14.63B-86.0M0.831.59N/AN/A678,932563,7286,707,4566,090,064
2019-09-26$55.05$52.5024.6%6.6%20.8%24.1%23.4%4.6%4.8%369.1M-13.84B-85.4M0.951.74N/AN/A538,208513,0566,776,8806,195,748
2019-09-27$54.69$52.5026.9%7.1%20.5%33.0%24.8%4.9%4.7%237.3M-12.53B-86.8M1.222.05N/AN/A791,172963,1926,840,2006,245,352
2019-09-30$55.98$52.5027.3%6.6%21.7%34.6%24.2%6.0%-0.2%454.5M-16.06B-83.8M0.671.50N/AN/A986,272661,9206,530,4885,949,748