AAPL Options History — February 2020

In February 2020, AAPL traded between $66.87 and $81.49. ATM implied volatility averaged 28.8%, placing in the 55.8% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded below realized volatility by 1.6% (HV 20d: 30.3%). Max pain ranged from $72.50 to $76.25. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.72.

Notable Days

  • 2020-02-28: Highest Volume — 6,395,548 contracts
  • 2020-02-24: Largest IV spike — 22.8% change
  • 2020-02-25: Highest IV Rank — 100.0%
  • 2020-02-28: Largest Expected Move — 16.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$77.73$66.87$81.49$77.04$66.87
Max Pain$75.00$72.50$76.25$75.00$75.00
ATM IV28.8%22.1%52.9%27.6%52.9%
Expected Move8.4%6.4%16.8%7.8%16.8%
HV 20d30.3%26.5%37.8%26.5%37.8%
HV 60d22.4%19.7%28.7%19.7%28.7%
IV Rank55.8%26.8%100.0%59.9%100.0%
IV Percentile56.4%25.8%100.0%70.2%100.0%
Term Structure-0.5%-2.5%0.4%-0.2%-2.5%
VWIV30.1%22.9%60.5%28.5%60.5%
Skew 25d4.9%2.0%15.3%3.9%15.3%
Skew 10d10.4%4.3%31.4%8.1%31.4%
Call IV 25d27.0%21.4%47.3%26.4%47.3%
Put IV 25d31.9%24.0%62.6%30.4%62.6%
Bid-Ask Spread %5.291.8011.362.246.50
Gamma HHI0.080.040.150.050.05
Net GEX328.7M-174.1M1.04B177.7M-166.1M
Net DEX-14.67B-25.27B4.82B-14.27B4.82B
Net VEX-86.1M-95.8M-81.4M-83.8M-95.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.431.050.610.82
Total Volume3,240,229.6841,849,9406,395,5483,267,4446,395,548
Total OI12,454,854.31610,803,15213,508,31611,853,18012,637,292

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$77.04$75.0027.6%7.8%26.5%59.9%28.5%3.9%-0.2%177.7M-14.27B-83.8M0.612.24N/AN/A2,023,4961,243,9486,492,5965,360,584
2020-02-04$79.45$75.6324.9%7.0%28.5%43.7%25.4%2.4%-0.2%545.1M-20.63B-82.4M0.464.75N/AN/A1,955,768903,7326,718,6005,553,704
2020-02-05$80.38$76.2524.5%6.7%28.6%41.3%24.9%2.7%0.1%712.0M-22.71B-83.8M0.632.06N/AN/A1,505,348955,7806,914,6125,720,032
2020-02-06$81.18$72.5023.0%6.7%28.4%31.9%24.2%2.0%0.3%1.04B-25.27B-81.6M0.438.40N/AN/A2,329,9001,004,9767,026,5205,900,172
2020-02-07$79.91$73.7525.4%7.2%28.7%46.7%27.1%3.7%0.1%201.2M-17.96B-85.9M0.9811.36N/AN/A1,691,5121,653,6086,776,7806,107,496
2020-02-10$80.20$75.0025.4%7.2%28.7%46.6%26.8%3.1%-0.2%351.9M-18.81B-85.7M0.697.81N/AN/A1,092,736757,2046,289,5125,755,360
2020-02-11$79.79$75.0025.2%7.2%28.0%45.3%26.3%4.0%0.1%367.8M-17.97B-86.4M0.658.57N/AN/A1,187,744776,3406,490,5125,929,480
2020-02-12$81.49$75.0023.7%6.8%28.8%36.3%24.8%2.3%-0.1%781.0M-23.74B-83.3M0.645.45N/AN/A1,525,408977,2966,675,7006,055,016
2020-02-13$81.12$75.0023.5%6.7%28.5%35.1%24.3%2.5%0.0%760.0M-22.31B-84.1M0.706.37N/AN/A1,370,184953,2766,843,4566,199,060
2020-02-14$81.09$75.0022.1%6.4%28.2%26.8%22.9%2.4%0.2%677.7M-22.09B-81.9M0.826.02N/AN/A1,323,1201,089,1406,888,8086,336,536
2020-02-18$79.79$75.0023.7%6.8%28.6%36.4%24.4%3.0%-0.0%281.3M-17.45B-81.4M0.773.75N/AN/A1,831,6041,406,8646,300,1565,883,188
2020-02-19$80.81$75.0022.2%6.4%28.9%27.2%23.3%2.7%0.4%656.2M-21.16B-81.9M0.634.53N/AN/A1,415,416893,7366,662,7686,237,060
2020-02-20$80.13$75.0024.2%6.9%29.1%39.3%24.9%3.3%0.0%342.2M-18.19B-85.1M0.743.98N/AN/A1,649,2601,216,7206,843,7406,401,704
2020-02-21$78.05$75.0027.5%7.9%30.6%59.2%27.5%5.5%-0.6%-110.4M-11.38B-85.9M1.057.52N/AN/A2,079,3162,177,4606,963,0766,545,240
2020-02-24$75.15$76.2533.7%9.9%33.2%97.0%34.8%7.4%-1.0%-73.2M-6.54B-88.6M0.842.31N/AN/A1,784,5601,500,6045,515,2245,287,928
2020-02-25$72.15$75.6338.0%11.2%34.7%100.0%38.7%9.2%-1.9%-117.1M-1.42B-90.6M0.714.01N/AN/A2,517,1161,793,2285,822,3325,534,972
2020-02-26$73.19$75.0035.5%10.6%33.8%87.5%36.3%8.5%-1.2%-4.9M-4.04B-93.2M0.731.80N/AN/A2,061,8361,502,5566,164,4245,640,396
2020-02-27$69.18$75.0043.5%13.5%36.7%100.0%46.8%9.7%-2.0%-174.1M2.45B-94.5M0.683.09N/AN/A2,981,5602,036,4646,352,5085,815,688
2020-02-28$66.87$75.0052.9%16.8%37.8%100.0%60.5%15.3%-2.5%-166.1M4.82B-95.8M0.826.50N/AN/A3,520,5602,874,9886,706,7005,930,592