AAPL Options History — March 2020

In March 2020, AAPL traded between $55.04 and $74.95. ATM implied volatility averaged 62.1%, placing in the 79.4% IV rank vs the trailing year. The 30-day expected move averaged 17.9%. IV traded below realized volatility by 1.5% (HV 20d: 63.6%). Max pain ranged from $70.00 to $75.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.81.

Notable Days

  • 2020-03-13: Highest Volume — 4,602,952 contracts
  • 2020-03-16: Largest IV spike — 27.0% change
  • 2020-03-09: Highest IV Rank — 100.0%
  • 2020-03-18: Largest Expected Move — 25.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$65.57$55.04$74.95$73.06$63.51
Max Pain$72.61$70.00$75.00$75.00$70.00
ATM IV62.1%37.5%87.5%40.0%55.4%
Expected Move17.9%11.3%25.1%12.1%15.7%
HV 20d63.6%49.2%82.4%49.5%72.3%
HV 60d42.7%33.5%52.5%33.5%52.2%
IV Rank79.4%54.0%100.0%63.2%54.0%
IV Percentile98.4%93.7%100.0%99.2%93.7%
Term Structure-1.4%-4.6%1.4%-1.2%-1.5%
VWIV62.4%42.7%86.5%43.6%55.6%
Skew 25d20.1%10.4%31.8%10.4%18.7%
Skew 10d40.7%23.7%61.4%23.7%38.9%
Call IV 25d52.0%32.8%69.5%35.0%46.3%
Put IV 25d72.0%43.6%101.0%45.4%65.0%
Bid-Ask Spread %6.422.7012.524.402.86
Gamma HHI0.040.030.080.040.03
Net GEX-14.3M-198.0M266.7M110.8M9.9M
Net DEX703.2M-11.11B8.59B-7.19B341.6M
Net VEX-100.1M-112.5M-77.5M-101.4M-89.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.660.940.740.83
Total Volume3,137,445.6361,537,3324,602,9523,863,8922,018,220
Total OI12,284,984.18210,222,72013,546,07211,746,14010,827,944

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$73.06$75.0040.0%12.1%49.5%63.2%43.6%10.4%-1.2%110.8M-7.19B-101.4M0.744.40N/AN/A2,225,0241,638,8686,155,0485,591,092
2020-03-03$72.91$75.0042.6%13.2%49.5%70.8%46.7%12.4%-1.8%106.4M-6.59B-104.7M0.858.38N/AN/A2,378,9002,024,1006,383,0446,009,040
2020-03-04$74.95$75.0037.5%11.3%49.2%56.3%42.7%10.8%-0.7%266.7M-11.11B-104.8M0.843.26N/AN/A1,714,3521,436,1766,593,6046,253,392
2020-03-05$73.22$75.0046.8%12.5%49.4%82.6%46.0%15.3%-1.2%24.0M-6.16B-112.5M0.9410.11N/AN/A1,711,7481,601,2886,686,1726,623,028
2020-03-06$71.81$75.0051.1%14.1%49.3%94.7%51.4%18.4%-0.1%-198.0M-2.69B-112.4M0.908.61N/AN/A2,220,7081,998,0206,847,0166,699,056
2020-03-09$67.99$75.0058.3%16.2%52.2%100.0%56.3%20.8%-1.8%-100.5M2.23B-107.6M0.838.59N/AN/A1,433,8801,184,7726,258,3806,026,040
2020-03-10$70.41$75.0055.4%15.6%54.3%92.8%54.2%19.2%-1.0%27.0M-2.36B-110.7M0.669.21N/AN/A2,097,3961,377,1366,560,2646,072,700
2020-03-11$69.20$72.5059.7%16.7%54.4%100.0%59.7%20.4%-1.7%-15.3M-562.6M-110.6M0.867.52N/AN/A1,289,8641,104,3726,741,2086,314,536
2020-03-12$63.75$72.5073.8%20.2%59.4%100.0%67.4%23.8%-4.6%-140.0M6.78B-104.7M0.715.93N/AN/A2,661,9361,888,9086,922,4926,385,064
2020-03-13$66.21$73.7566.8%18.4%62.0%87.6%63.4%25.7%-4.5%-59.4M3.71B-103.7M0.7312.52N/AN/A2,657,2081,945,7447,064,0206,376,544
2020-03-16$62.73$72.5084.9%24.0%63.8%100.0%81.2%31.8%-3.6%-74.1M5.49B-103.2M0.917.76N/AN/A1,574,7921,438,1966,545,4166,004,232
2020-03-17$63.40$72.5078.6%22.3%64.3%90.6%77.2%29.2%-1.2%-42.5M4.45B-104.4M0.823.37N/AN/A1,858,2201,526,7726,804,8366,101,608
2020-03-18$60.18$72.5087.5%25.1%65.1%100.0%86.5%31.5%-2.5%-90.2M7.37B-101.3M0.926.43N/AN/A1,459,6041,341,2646,997,7606,312,044
2020-03-19$62.27$72.5075.7%21.8%67.4%83.1%75.3%23.6%-1.7%-38.7M4.46B-103.0M0.725.54N/AN/A1,560,1121,128,4967,050,1366,277,776
2020-03-20$58.85$72.5074.2%21.5%69.1%80.9%70.1%23.0%-1.9%-154.2M8.59B-91.7M0.807.27N/AN/A1,633,9441,313,9447,107,6966,268,516
2020-03-23$55.04$71.2569.2%20.6%71.1%73.8%69.5%18.6%1.4%-83.9M7.58B-77.5M0.694.41N/AN/A1,912,1241,320,5925,290,8964,931,824
2020-03-24$60.96$70.0060.2%18.2%81.7%60.9%65.4%16.0%0.8%21.8M1.71B-88.8M0.707.24N/AN/A1,674,8681,166,9045,675,2685,091,944
2020-03-25$62.77$70.0063.9%19.3%82.4%66.1%66.8%17.6%0.1%68.1M-482.5M-93.4M0.775.82N/AN/A1,619,6481,248,6325,810,8645,261,960
2020-03-26$62.99$70.0061.6%18.6%80.5%62.9%67.7%17.8%0.1%44.6M-142.6M-92.6M0.934.60N/AN/A1,215,6401,132,9645,858,6525,449,492
2020-03-27$62.84$70.0063.0%18.7%79.7%64.9%64.6%17.4%0.6%-3.6M80.0M-93.0M0.874.63N/AN/A1,471,6641,279,4725,972,7765,602,848
2020-03-30$63.48$70.0060.1%17.2%72.3%60.7%60.8%18.7%-1.8%6.4M-8.2M-90.8M0.812.70N/AN/A847,068690,2645,424,1805,039,244
2020-03-31$63.51$70.0055.4%15.7%72.3%54.0%55.6%18.7%-1.5%9.9M341.6M-89.5M0.832.86N/AN/A1,100,836917,3845,614,8445,213,100