AAPL Options History — May 2020

In May 2020, AAPL traded between $72.39 and $80.12. ATM implied volatility averaged 29.4%, placing in the 16.8% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 2.4% (HV 20d: 27.0%). Max pain ranged from $65.00 to $72.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.73.

Notable Days

  • 2020-05-01: Highest Volume — 5,112,304 contracts
  • 2020-05-13: Largest IV spike — 17.0% change
  • 2020-05-13: Highest IV Rank — 23.7%
  • 2020-05-01: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$77.58$72.39$80.12$72.39$80.12
Max Pain$69.91$65.00$72.50$69.38$72.50
ATM IV29.4%26.2%34.2%33.5%26.2%
Expected Move8.5%7.4%9.8%9.8%7.4%
HV 20d27.0%19.2%40.0%40.0%19.2%
HV 60d55.4%50.5%56.9%56.5%50.5%
IV Rank16.8%12.2%23.7%22.7%12.2%
IV Percentile61.5%41.3%81.3%80.6%41.3%
Term Structure0.2%-0.6%0.8%0.3%-0.0%
VWIV30.9%26.5%34.9%34.9%26.5%
Skew 25d7.3%5.3%8.9%7.9%7.2%
Skew 10d14.6%9.6%19.3%15.1%13.8%
Call IV 25d26.1%23.0%30.2%30.2%23.0%
Put IV 25d33.4%29.6%38.9%38.0%30.2%
Bid-Ask Spread %6.702.8818.332.884.26
Gamma HHI0.090.050.370.060.07
Net GEX409.5M155.2M1.13B180.2M404.3M
Net DEX-15.26B-18.17B-10.88B-10.88B-17.60B
Net VEX-97.4M-103.6M-92.5M-95.8M-93.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.380.960.890.89
Total Volume2,727,523.41,786,0485,112,3045,112,3042,414,220
Total OI10,583,510.69,713,06011,323,82011,185,56810,993,148

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-05-01$72.39$69.3833.5%9.8%40.0%22.7%34.9%7.9%0.3%180.2M-10.88B-95.8M0.892.88N/AN/A2,700,1322,412,1725,487,2405,698,328
2020-05-04$73.22$65.0033.3%9.5%38.9%22.4%34.3%8.0%0.2%167.3M-11.30B-96.5M0.756.04N/AN/A1,062,300797,8765,047,2005,081,072
2020-05-05$74.50$65.0030.7%8.9%30.5%18.7%32.8%6.9%0.5%328.3M-14.01B-95.9M0.676.73N/AN/A1,601,3281,080,6165,248,6845,233,412
2020-05-06$75.39$66.2529.7%8.9%30.4%17.2%31.6%7.1%0.5%456.6M-15.78B-96.9M0.725.19N/AN/A1,439,2001,033,4165,388,3165,300,412
2020-05-07$75.83$66.2528.5%8.3%30.3%15.5%31.8%6.7%0.7%547.2M-16.49B-96.2M0.387.09N/AN/A2,326,012890,6685,499,6645,477,232
2020-05-08$77.46$70.0026.9%7.9%30.7%13.2%29.3%5.3%0.5%1.13B-16.76B-93.5M0.6318.33N/AN/A2,114,9921,338,7685,064,1765,603,716
2020-05-11$78.98$70.0028.5%8.3%30.8%15.5%29.8%5.8%0.2%473.4M-18.17B-93.2M0.675.23N/AN/A1,736,6321,157,2484,862,4925,251,292
2020-05-12$78.14$70.0029.3%8.3%26.2%16.6%30.2%6.2%-0.2%396.6M-16.03B-98.2M0.7012.02N/AN/A1,819,5481,279,0565,068,0845,475,304
2020-05-13$76.38$70.0034.2%9.8%27.3%23.7%34.8%8.9%-0.3%155.2M-11.48B-100.5M0.899.23N/AN/A1,928,1361,710,8965,253,1845,655,456
2020-05-14$77.06$70.0032.9%9.3%27.4%21.8%34.7%8.7%-0.6%246.9M-12.79B-103.6M0.779.32N/AN/A1,689,4361,300,9325,413,2085,786,440
2020-05-15$76.75$70.0032.2%9.4%26.6%20.8%33.9%8.9%0.8%248.4M-12.36B-102.4M0.828.59N/AN/A1,934,0561,586,2765,493,9205,829,900
2020-05-18$78.98$70.0028.2%8.1%27.1%15.0%30.8%7.4%0.7%371.6M-15.95B-99.8M0.593.88N/AN/A1,480,016878,6964,832,0924,880,968
2020-05-19$78.87$71.2529.0%8.3%23.8%16.2%30.4%8.0%0.3%425.6M-15.71B-100.3M0.635.58N/AN/A1,094,644691,4045,078,6925,034,432
2020-05-20$79.72$71.2527.7%7.9%22.7%14.4%28.7%7.5%0.2%566.1M-17.48B-99.5M0.744.44N/AN/A1,184,448873,2165,161,5245,158,364
2020-05-21$79.44$71.2529.0%8.3%22.8%16.2%30.7%7.8%0.2%408.0M-16.30B-99.4M0.866.57N/AN/A1,072,144924,6445,179,6445,292,496
2020-05-22$79.57$72.5027.2%7.8%22.1%13.6%27.9%7.0%0.3%321.0M-16.83B-96.6M0.966.37N/AN/A976,124936,7685,316,1725,413,396
2020-05-26$79.27$72.5027.6%7.9%22.3%14.2%28.3%6.7%0.5%335.3M-15.64B-92.5M0.544.13N/AN/A1,542,872828,3044,894,3965,033,836
2020-05-27$79.41$72.5027.5%7.8%21.4%14.0%27.8%7.2%0.1%414.2M-15.89B-93.3M0.703.88N/AN/A1,246,436866,6085,175,6605,151,024
2020-05-28$80.06$72.5026.7%7.6%19.2%12.9%27.8%7.2%-0.2%612.7M-17.70B-99.4M0.744.34N/AN/A1,497,9561,102,2725,499,6805,355,956
2020-05-29$80.12$72.5026.2%7.4%19.2%12.2%26.5%7.2%-0.0%404.3M-17.60B-93.7M0.894.26N/AN/A1,279,8521,134,3685,469,6965,523,452