AAPL Options History — January 2020

In January 2020, AAPL traded between $74.54 and $81.42. ATM implied volatility averaged 30.3%, placing in the 73.2% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 14.2% (HV 20d: 16.2%). Max pain ranged from $58.75 to $75.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.58.

Notable Days

  • 2020-01-09: Highest Volume — 5,652,368 contracts
  • 2020-01-31: Largest IV spike — 28.5% change
  • 2020-01-27: Highest IV Rank — 100.0%
  • 2020-01-27: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$77.97$74.54$81.42$74.89$77.37
Max Pain$71.67$58.75$75.00$58.75$75.00
ATM IV30.3%24.1%34.2%30.8%30.9%
Expected Move8.3%6.9%10.3%7.2%9.2%
HV 20d16.2%12.7%26.5%14.3%26.5%
HV 60d16.8%15.9%19.7%16.8%19.7%
IV Rank73.2%38.7%100.0%52.2%80.1%
IV Percentile85.0%39.7%100.0%91.3%94.0%
Term Structure-1.1%-2.0%0.6%-0.5%-0.7%
VWIV30.0%24.9%36.5%26.0%32.8%
Skew 25d1.5%0.2%5.0%2.1%5.0%
Skew 10d2.5%0.1%10.5%3.3%10.5%
Call IV 25d30.1%23.2%33.6%30.1%29.3%
Put IV 25d31.5%25.9%35.3%32.1%34.2%
Bid-Ask Spread %2.521.675.482.435.48
Gamma HHI0.140.050.520.110.12
Net GEX729.9M-111.7M1.84B833.1M-111.7M
Net DEX-33.50B-47.83B-13.37B-40.56B-13.37B
Net VEX-72.3M-87.7M-63.7M-63.7M-87.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.450.820.540.82
Total Volume3,449,435.811,786,7365,652,3683,987,7485,091,080
Total OI14,991,200.95210,915,94419,092,02815,953,58013,408,160

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-01-02$74.89$58.7530.8%7.2%14.3%52.2%26.0%2.1%-0.5%833.1M-40.56B-63.7M0.542.43N/AN/A2,583,1161,404,6328,019,9327,933,648
2020-01-03$74.54$58.7530.6%7.0%14.7%51.5%24.9%2.3%-0.8%609.5M-38.97B-66.2M0.502.49N/AN/A2,613,9001,299,3408,344,4728,234,524
2020-01-06$74.84$68.7530.4%8.0%14.5%66.6%28.3%2.0%-1.1%560.5M-38.01B-64.2M0.553.12N/AN/A1,533,344842,6168,039,7967,821,588
2020-01-07$74.84$68.7530.0%7.9%13.9%64.9%28.5%1.8%-1.3%633.4M-37.74B-68.2M0.552.86N/AN/A1,155,916630,8208,393,5288,064,964
2020-01-08$75.98$70.0029.6%7.8%12.7%67.6%27.6%1.5%-1.3%876.4M-41.56B-65.5M0.452.38N/AN/A2,523,1481,144,2728,623,2328,210,144
2020-01-09$77.28$71.2531.2%8.3%13.2%80.3%29.2%1.1%-1.4%972.7M-45.05B-65.3M0.602.51N/AN/A3,539,5162,112,8528,849,0768,389,312
2020-01-10$77.45$71.2532.2%8.5%13.3%88.9%30.5%0.8%-1.7%1.84B-44.65B-68.4M0.532.30N/AN/A3,109,9441,648,6329,151,9128,758,680
2020-01-13$78.93$71.2532.1%8.6%13.9%87.9%31.6%0.6%-1.6%721.2M-45.56B-67.0M0.541.99N/AN/A2,012,3881,089,9448,584,5568,216,164
2020-01-14$78.46$72.5032.7%8.8%14.5%91.7%31.4%0.4%-1.8%718.5M-44.07B-69.3M0.582.55N/AN/A2,141,2481,243,1088,896,0648,479,748
2020-01-15$77.55$72.5033.2%8.9%15.2%94.9%33.2%0.2%-2.0%580.8M-41.09B-73.7M0.462.41N/AN/A2,261,7441,037,3569,377,8568,718,952
2020-01-16$78.64$72.5030.9%8.4%15.5%81.0%30.3%0.4%-1.8%893.3M-44.84B-73.3M0.601.92N/AN/A1,759,1721,056,4249,709,1128,967,804
2020-01-17$79.46$73.7528.9%7.9%15.5%68.6%28.5%0.6%-1.8%1.46B-47.83B-73.5M0.542.75N/AN/A2,292,0161,243,5529,899,9089,192,120
2020-01-21$79.18$75.0028.8%8.2%15.6%68.0%30.4%0.3%-1.2%610.2M-22.55B-72.6M0.472.01N/AN/A1,657,656785,2406,231,5324,684,412
2020-01-22$79.53$75.0028.7%8.2%15.2%67.1%29.8%0.5%-1.1%742.2M-23.38B-74.3M0.571.87N/AN/A1,318,652750,1086,670,1644,899,756
2020-01-23$79.81$75.0028.9%8.3%14.7%68.5%30.3%0.8%-1.1%794.3M-23.73B-74.1M0.601.67N/AN/A1,318,128795,1726,769,3005,084,864
2020-01-24$79.65$75.0031.9%9.3%14.9%86.9%33.5%1.5%-1.6%622.7M-23.05B-76.6M0.762.51N/AN/A2,303,8761,741,9126,887,0165,250,920
2020-01-27$77.42$75.0034.2%10.3%18.5%100.0%36.5%2.5%-1.0%293.9M-16.70B-80.9M0.651.91N/AN/A1,317,296858,8606,190,6444,815,236
2020-01-28$79.39$75.0032.5%9.8%20.0%89.3%35.0%2.5%-0.9%407.4M-20.87B-79.0M0.512.86N/AN/A2,437,3681,249,1046,427,5965,031,108
2020-01-29$81.42$75.0024.6%7.1%21.1%41.7%26.1%1.9%0.1%761.8M-26.36B-75.7M0.722.62N/AN/A2,949,0202,124,6646,982,9005,502,204
2020-01-30$80.70$75.0024.1%6.9%21.7%38.7%25.1%2.6%0.6%500.5M-23.52B-77.9M0.732.26N/AN/A1,998,2761,462,7407,237,2645,865,052
2020-01-31$77.37$75.0030.9%9.2%26.5%80.1%32.8%5.0%-0.7%-111.7M-13.37B-87.7M0.825.48N/AN/A2,802,3002,288,7807,353,7566,054,404