AAPL Options History — December 2019

In December 2019, AAPL traded between $64.68 and $73.36. ATM implied volatility averaged 20.9%, placing in the 12.4% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 3.8% (HV 20d: 17.2%). Max pain ranged from $55.00 to $63.75. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.70.

Notable Days

  • 2019-12-27: Highest Volume — 4,551,104 contracts
  • 2019-12-03: Largest IV spike — 17.0% change
  • 2019-12-31: Highest IV Rank — 43.9%
  • 2019-12-03: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$69.12$64.68$73.36$66.30$73.36
Max Pain$57.02$55.00$63.75$62.50$57.50
ATM IV20.9%17.9%28.7%20.3%28.7%
Expected Move5.9%5.1%7.3%6.0%6.7%
HV 20d17.2%11.9%18.5%11.9%17.4%
HV 60d18.4%16.5%20.0%19.1%16.5%
IV Rank12.4%0.7%43.9%9.8%43.9%
IV Percentile18.6%0.8%76.2%13.5%76.2%
Term Structure1.3%-0.4%5.3%0.6%-0.3%
VWIV21.7%18.4%26.3%22.1%24.0%
Skew 25d2.8%1.8%4.6%3.5%2.1%
Skew 10d5.7%3.5%9.0%7.2%3.8%
Call IV 25d19.9%17.3%28.6%19.2%28.6%
Put IV 25d22.8%19.2%30.7%22.7%30.7%
Bid-Ask Spread %2.571.594.422.882.40
Gamma HHI0.140.060.530.080.10
Net GEX673.5M184.3M1.72B445.8M711.5M
Net DEX-30.72B-36.71B-18.57B-24.51B-36.71B
Net VEX-69.0M-82.2M-62.1M-74.9M-64.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.511.040.930.57
Total Volume2,398,378.667911,5804,551,1041,704,2801,997,844
Total OI15,524,142.85714,309,64016,853,56814,653,85215,500,448

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-12-02$66.30$62.5020.3%6.0%11.9%9.8%22.1%3.5%0.6%445.8M-24.51B-74.9M0.932.88N/AN/A884,024820,2566,980,2247,673,628
2019-12-03$64.68$63.7523.8%7.3%14.9%22.7%26.3%4.6%0.3%184.3M-18.57B-82.2M1.042.35N/AN/A1,232,9641,277,9367,268,8528,009,004
2019-12-04$65.55$63.7521.6%6.4%15.6%14.5%24.1%4.0%0.5%291.3M-22.10B-80.4M0.993.09N/AN/A686,932678,8167,439,1728,277,316
2019-12-05$66.45$55.0021.5%6.4%16.1%14.2%24.0%3.8%0.4%483.9M-25.53B-76.4M0.774.00N/AN/A930,612719,7367,487,6288,328,356
2019-12-06$67.63$55.0019.4%5.9%17.0%6.4%21.9%3.2%0.8%1.01B-30.16B-73.9M0.562.78N/AN/A2,044,9481,154,0047,562,3248,406,196
2019-12-09$66.79$55.0020.6%6.1%17.7%11.0%23.4%3.4%0.7%479.9M-25.82B-74.9M0.954.42N/AN/A1,466,0081,387,8607,344,6487,779,312
2019-12-10$67.11$55.0020.5%5.9%17.6%10.3%23.0%3.3%0.0%618.1M-27.10B-74.4M0.973.06N/AN/A1,003,240971,7687,611,3967,978,148
2019-12-11$67.66$55.0020.8%6.1%17.8%11.4%21.7%3.4%0.4%830.2M-29.09B-72.9M0.613.15N/AN/A958,884583,1607,716,4967,998,748
2019-12-12$67.81$55.0020.0%5.9%17.5%8.6%21.1%3.1%0.7%832.5M-29.67B-71.1M0.652.40N/AN/A2,040,8601,333,7727,734,0648,089,840
2019-12-13$68.75$55.0018.4%5.4%17.8%2.9%19.9%2.7%0.7%1.72B-33.27B-66.4M0.742.45N/AN/A2,079,3201,531,0407,745,8768,269,468
2019-12-16$69.98$55.0018.8%5.4%18.5%4.1%19.8%2.7%0.2%673.5M-34.45B-62.1M0.582.55N/AN/A1,996,7721,154,2967,327,6927,873,232
2019-12-17$70.08$55.0018.6%5.4%18.4%3.3%19.2%2.7%0.3%617.4M-34.12B-63.8M0.702.37N/AN/A1,084,440754,5687,647,8888,176,388
2019-12-18$70.17$56.2518.4%5.3%18.4%2.8%19.1%2.6%0.5%658.8M-34.71B-65.0M0.692.97N/AN/A961,600665,0927,916,3728,372,316
2019-12-19$70.01$56.2518.9%5.4%17.3%4.6%19.8%2.3%0.5%542.4M-34.18B-65.2M0.581.97N/AN/A1,135,876658,1488,041,6368,517,888
2019-12-20$69.78$56.2517.9%5.1%17.3%0.7%18.4%1.9%0.5%509.2M-33.33B-65.0M0.601.72N/AN/A1,604,420961,3408,185,5488,668,020
2019-12-23$70.94$56.2518.4%5.2%17.8%2.6%18.8%1.9%4.9%635.3M-32.36B-62.7M0.531.59N/AN/A1,431,840760,4567,076,4687,233,172
2019-12-24$71.03$57.5018.7%5.3%17.1%3.9%19.3%2.2%5.3%739.1M-32.58B-64.6M0.601.67N/AN/A569,608341,9727,335,3447,442,908
2019-12-26$72.30$57.5021.3%5.7%17.9%14.4%20.9%2.3%5.3%913.7M-36.58B-62.4M0.571.67N/AN/A1,791,9361,019,3447,416,1607,528,412
2019-12-27$72.19$57.5024.8%6.7%18.0%28.5%23.9%1.8%4.6%658.7M-35.05B-64.3M0.512.16N/AN/A3,021,0281,530,0767,518,3607,708,864
2019-12-30$73.00$57.5027.8%7.2%18.1%40.5%25.6%2.2%-0.4%586.1M-35.18B-62.5M0.552.27N/AN/A2,029,5921,109,5647,424,0247,395,164
2019-12-31$73.36$57.5028.7%6.7%17.4%43.9%24.0%2.1%-0.3%711.5M-36.71B-64.6M0.572.40N/AN/A1,269,344728,5007,808,5447,691,904