AAPL Options History — September 2020

In September 2020, AAPL traded between $107.74 and $134.10. ATM implied volatility averaged 50.2%, placing in the 46.6% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded above realized volatility by 2.3% (HV 20d: 47.9%). Max pain ranged from $107.50 to $110.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.53.

Notable Days

  • 2020-09-04: Highest Volume — 4,926,634 contracts
  • 2020-09-09: Largest IV drop — 12.3% change
  • 2020-09-03: Highest IV Rank — 61.5%
  • 2020-09-03: Largest Expected Move — 16.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$115.26$107.74$134.10$134.10$115.78
Max Pain$109.76$107.50$110.00$108.75$110.00
ATM IV50.2%44.6%60.7%50.5%44.6%
Expected Move14.1%11.9%16.7%14.2%11.9%
HV 20d47.9%29.9%52.9%29.9%50.1%
HV 60d40.3%33.9%42.8%33.9%42.7%
IV Rank46.6%38.6%61.5%47.0%38.6%
IV Percentile86.8%78.6%95.2%90.1%78.6%
Term Structure0.3%-2.1%4.0%-0.3%3.8%
VWIV49.7%41.6%59.1%51.2%41.6%
Skew 25d1.8%-3.7%4.6%-3.7%3.0%
Skew 10d2.3%-8.6%7.8%-8.6%5.5%
Call IV 25d49.6%42.8%63.1%54.4%42.8%
Put IV 25d51.5%45.8%62.6%50.7%45.8%
Bid-Ask Spread %3.441.416.523.421.43
Gamma HHI0.050.040.070.050.06
Net GEX573.0M253.0M1.07B1.07B833.8M
Net DEX-34.45B-69.97B-20.74B-69.97B-36.46B
Net VEX-195.1M-209.2M-187.0M-187.0M-191.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.370.770.390.47
Total Volume2,350,388.286954,2024,926,6342,823,8021,663,693
Total OI14,377,147.66712,926,38115,530,87114,480,14313,251,101

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-09-01$134.10$108.7550.5%14.2%29.9%47.0%51.2%-3.7%-0.3%1.07B-69.97B-187.0M0.393.42N/AN/A2,025,181798,6218,166,4226,313,721
2020-09-02$131.42$108.7556.3%16.1%31.8%55.3%58.0%-2.6%-0.6%897.4M-63.12B-202.0M0.453.42N/AN/A1,966,138884,9378,312,4716,420,613
2020-09-03$121.34$107.5060.7%16.7%43.5%61.5%59.1%0.0%-1.3%448.0M-41.79B-209.2M0.634.59N/AN/A2,168,2011,376,3668,519,2866,547,222
2020-09-04$121.32$110.0060.1%16.6%42.7%60.7%58.9%-2.0%-1.6%427.2M-42.42B-208.0M0.605.03N/AN/A3,079,1921,847,4428,772,0086,576,879
2020-09-08$113.58$110.0059.1%16.3%49.3%59.2%58.8%1.3%-2.1%442.2M-30.73B-197.4M0.503.97N/AN/A1,873,931941,7508,234,4126,162,078
2020-09-09$117.30$110.0051.8%14.4%49.3%48.8%50.7%1.6%-1.6%615.8M-38.04B-199.5M0.403.87N/AN/A1,512,636599,6588,675,4176,229,740
2020-09-10$113.88$110.0051.4%14.4%49.5%48.3%50.4%2.1%-1.5%471.9M-31.15B-198.9M0.536.52N/AN/A1,631,153857,6158,861,3696,378,204
2020-09-11$111.81$110.0048.4%13.6%49.3%43.9%47.6%1.5%-1.5%397.9M-26.67B-192.6M0.693.81N/AN/A1,774,2171,231,5739,041,7106,483,525
2020-09-14$115.58$110.0046.5%13.3%50.8%41.2%46.6%1.6%-0.7%626.8M-36.04B-193.5M0.374.06N/AN/A1,266,922474,3608,590,3656,219,919
2020-09-15$114.58$110.0045.5%13.0%50.9%39.9%45.7%1.8%-0.4%619.6M-34.37B-188.5M0.394.25N/AN/A1,848,479716,8578,764,2616,305,430
2020-09-16$112.73$110.0047.5%13.6%51.1%42.8%47.2%2.5%-0.9%470.9M-29.91B-191.9M0.684.83N/AN/A1,041,760706,5108,832,2036,398,112
2020-09-17$109.99$110.0048.6%14.0%51.8%44.3%48.8%2.6%-0.6%384.2M-24.67B-191.0M0.745.24N/AN/A1,336,845984,8328,910,0846,354,922
2020-09-18$107.95$110.0047.8%13.7%51.4%43.1%47.6%2.5%-0.2%253.0M-20.74B-188.9M0.774.58N/AN/A1,561,2321,208,3039,067,6356,463,236
2020-09-21$109.44$110.0050.1%14.5%48.2%46.4%51.0%2.8%0.8%462.6M-24.61B-192.7M0.512.47N/AN/A1,401,506711,6797,766,4555,159,926
2020-09-22$112.30$110.0048.3%13.8%49.0%43.8%47.9%3.0%1.4%595.4M-29.97B-196.2M0.402.11N/AN/A1,314,287524,4107,982,3345,283,455
2020-09-23$107.74$110.0049.5%14.4%50.6%45.6%49.4%4.3%1.6%399.2M-21.88B-191.9M0.471.94N/AN/A1,139,140536,6588,060,4775,344,153
2020-09-24$108.88$110.0049.4%14.1%50.6%45.4%48.9%4.6%1.2%479.7M-23.84B-193.7M0.591.76N/AN/A1,180,619693,4718,201,4965,395,273
2020-09-25$112.06$110.0046.5%13.0%52.2%41.2%45.5%3.7%2.4%722.5M-29.84B-195.4M0.531.94N/AN/A1,380,447725,2418,275,0725,463,648
2020-09-28$114.59$110.0046.5%12.7%52.9%41.2%44.3%3.9%4.0%698.0M-34.05B-194.4M0.411.53N/AN/A1,008,837409,2537,795,4615,170,037
2020-09-29$114.08$110.0046.2%12.6%51.3%40.9%43.8%3.5%3.8%715.5M-33.17B-194.0M0.581.41N/AN/A603,873350,3297,933,6115,236,358
2020-09-30$115.78$110.0044.6%11.9%50.1%38.6%41.6%3.0%3.8%833.8M-36.46B-191.3M0.471.43N/AN/A1,135,451528,2427,975,9385,275,163