AAPL Options History — April 2020

In April 2020, AAPL traded between $59.81 and $72.81. ATM implied volatility averaged 44.9%, placing in the 38.9% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded below realized volatility by 16.2% (HV 20d: 61.1%). Max pain ranged from $66.25 to $70.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.88.

Notable Days

  • 2020-04-17: Highest Volume — 4,087,840 contracts
  • 2020-04-06: Largest IV drop — 14.5% change
  • 2020-04-01: Highest IV Rank — 68.6%
  • 2020-04-01: Largest Expected Move — 19.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$68.02$59.81$72.81$60.02$72.81
Max Pain$67.68$66.25$70.00$70.00$68.75
ATM IV44.9%33.7%65.6%65.6%37.3%
Expected Move13.0%10.7%19.1%19.1%12.2%
HV 20d61.1%39.6%77.1%73.1%39.6%
HV 60d56.2%53.4%57.4%53.4%56.5%
IV Rank38.9%22.9%68.6%68.6%28.1%
IV Percentile88.7%81.3%96.8%96.8%82.9%
Term Structure-1.3%-3.1%-0.3%-2.1%-1.0%
VWIV46.2%38.5%65.1%65.1%42.7%
Skew 25d12.7%6.9%22.3%22.3%7.1%
Skew 10d24.8%12.3%43.6%43.6%12.3%
Call IV 25d38.4%30.6%53.8%53.8%33.7%
Put IV 25d51.1%37.5%76.0%76.0%40.8%
Bid-Ask Spread %4.822.696.973.353.12
Gamma HHI0.060.030.230.040.05
Net GEX121.4M-161.0M467.6M-80.5M246.6M
Net DEX-5.99B-13.33B4.91B4.41B-12.27B
Net VEX-91.9M-97.4M-83.4M-86.4M-91.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.591.110.860.81
Total Volume2,291,498.2861,060,9724,087,8402,131,0442,910,192
Total OI10,781,193.7149,454,45212,115,28011,082,27210,321,424

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$60.02$70.0065.6%19.1%73.1%68.6%65.1%22.3%-2.1%-80.5M4.41B-86.4M0.863.35N/AN/A1,148,356982,6885,780,3965,301,876
2020-04-02$60.78$68.7559.2%15.9%73.4%59.5%58.0%20.5%-0.7%-62.4M3.60B-86.6M1.004.53N/AN/A1,016,7401,019,7125,910,5125,355,816
2020-04-03$59.81$67.5056.4%15.3%73.4%55.4%53.0%18.4%-0.7%-161.0M4.91B-83.4M1.093.90N/AN/A1,125,2001,228,2806,008,8085,515,532
2020-04-06$64.51$67.5048.2%12.9%77.1%43.7%48.1%16.1%-3.1%25.2M-1.17B-89.1M0.644.32N/AN/A1,478,744951,0845,502,8045,134,336
2020-04-07$65.56$66.2548.1%13.4%76.2%43.6%46.2%15.8%-1.5%122.2M-3.24B-89.8M0.786.62N/AN/A1,618,1841,263,0525,779,2885,326,876
2020-04-08$66.23$66.2544.5%12.4%76.2%38.3%45.2%13.7%-1.4%151.3M-3.95B-91.3M1.115.38N/AN/A1,004,8721,115,9725,933,6245,460,712
2020-04-09$66.97$66.2543.8%12.0%70.2%37.4%46.0%14.0%-2.4%220.6M-5.26B-91.1M0.966.79N/AN/A1,371,9001,314,7206,022,3485,676,772
2020-04-13$68.16$66.2542.6%12.0%69.2%35.7%45.3%13.0%-0.6%101.2M-6.05B-89.0M0.826.79N/AN/A983,564803,5165,654,8405,297,620
2020-04-14$71.92$66.2540.2%11.4%68.3%32.3%41.5%9.5%-0.8%292.0M-13.33B-93.3M0.594.78N/AN/A2,311,5641,370,1605,876,3005,459,120
2020-04-15$71.11$67.5042.8%12.3%68.5%36.0%43.8%11.1%-1.3%198.6M-10.78B-96.3M0.676.79N/AN/A1,234,944831,6845,926,7365,695,948
2020-04-16$71.42$67.5042.8%12.3%65.1%35.9%43.5%10.1%-1.1%259.7M-11.58B-97.1M0.726.97N/AN/A1,356,580980,1366,052,2645,850,304
2020-04-17$70.31$67.5042.7%12.4%64.9%35.8%43.6%11.3%-1.5%-48.4M-9.23B-95.6M1.026.56N/AN/A2,022,0442,065,7966,161,8685,953,412
2020-04-20$69.43$67.5045.0%13.3%61.0%39.2%47.5%12.4%-1.5%86.4M-6.72B-97.4M1.034.75N/AN/A736,740760,9964,773,2644,681,188
2020-04-21$67.41$67.5048.0%14.2%56.1%43.4%48.2%13.6%-1.4%-22.8M-3.87B-95.4M0.944.81N/AN/A1,279,0561,200,1364,906,0324,854,204
2020-04-22$69.28$67.5045.1%13.3%45.1%39.2%47.1%12.3%-2.0%124.2M-6.94B-96.4M0.783.66N/AN/A919,092719,0365,050,8244,978,612
2020-04-23$69.11$67.5043.4%12.9%44.3%36.9%44.6%11.7%-1.5%115.5M-6.56B-94.8M0.814.17N/AN/A1,349,2401,086,7045,126,9125,061,448
2020-04-24$70.70$68.7538.6%11.4%44.8%29.9%40.7%9.4%-1.4%467.6M-9.85B-93.7M1.043.66N/AN/A1,222,9201,273,0725,306,9965,176,388
2020-04-27$70.76$68.7536.2%11.2%44.7%26.5%39.1%8.6%-0.3%149.2M-8.85B-90.9M0.982.69N/AN/A675,244662,6364,794,2724,798,628
2020-04-28$69.95$68.7537.9%11.9%45.1%29.0%42.1%8.6%-0.7%114.7M-7.64B-91.2M0.953.25N/AN/A544,156516,8164,920,2764,969,288
2020-04-29$72.22$68.7533.7%10.7%46.1%22.9%38.5%6.9%-0.4%249.9M-11.42B-90.0M0.914.27N/AN/A874,224791,7124,995,7245,051,476
2020-04-30$72.81$68.7537.3%12.2%39.6%28.1%42.7%7.1%-1.0%246.6M-12.27B-91.9M0.813.12N/AN/A1,607,3961,302,7965,112,8645,208,560