AAPL Options History — November 2020

In November 2020, AAPL traded between $107.94 and $120.45. ATM implied volatility averaged 32.4%, placing in the 20.9% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded below realized volatility by 8.6% (HV 20d: 41.0%). Max pain ranged from $100.00 to $113.75. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.49.

Notable Days

  • 2020-11-30: Highest Volume — 2,431,767 contracts
  • 2020-11-30: Largest IV spike — 9.3% change
  • 2020-11-02: Highest IV Rank — 35.9%
  • 2020-11-02: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$117.07$107.94$120.45$107.94$120.45
Max Pain$103.65$100.00$113.75$113.75$105.00
ATM IV32.4%29.2%42.8%42.8%32.4%
Expected Move9.5%8.4%13.4%13.4%9.5%
HV 20d41.0%27.5%47.5%44.5%27.5%
HV 60d42.8%39.1%43.8%43.1%39.1%
IV Rank20.9%16.3%35.9%35.9%20.9%
IV Percentile38.5%27.0%67.5%67.5%37.7%
Term Structure0.1%-0.5%2.2%-0.5%2.2%
VWIV33.6%29.5%47.1%47.1%33.9%
Skew 25d2.6%0.0%4.4%4.4%0.0%
Skew 10d5.4%-0.2%9.2%8.7%-0.2%
Call IV 25d31.5%28.6%40.8%40.8%33.1%
Put IV 25d34.1%30.5%45.2%45.2%33.1%
Bid-Ask Spread %2.091.293.511.531.29
Gamma HHI0.080.060.170.060.08
Net GEX849.8M422.8M1.19B422.8M866.2M
Net DEX-31.54B-38.48B-19.78B-19.78B-36.53B
Net VEX-160.0M-170.1M-150.4M-163.0M-161.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.490.300.670.480.30
Total Volume1,338,084.2827,1792,431,7671,127,2322,431,767
Total OI12,321,956.111,390,31812,862,95112,049,49511,705,678

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-11-02$107.94$113.7542.8%13.4%44.5%35.9%47.1%4.4%-0.5%422.8M-19.78B-163.0M0.481.53N/AN/A760,457366,7757,257,8094,791,686
2020-11-03$110.83$113.7539.7%12.4%44.7%31.6%43.5%4.1%-0.2%533.7M-23.80B-165.0M0.531.59N/AN/A647,501340,5287,257,8094,791,686
2020-11-04$114.91$113.0036.7%11.3%46.2%27.2%39.5%4.2%0.1%780.0M-31.26B-161.7M0.611.46N/AN/A897,240543,6687,469,2124,924,377
2020-11-05$118.59$100.0035.3%10.3%47.5%25.3%36.3%3.1%0.0%1.01B-38.48B-170.1M0.442.56N/AN/A1,397,781615,3537,548,9794,982,098
2020-11-06$118.94$100.0032.5%9.4%47.3%21.2%33.5%3.0%0.5%1.07B-35.67B-162.8M0.523.19N/AN/A1,099,597567,8647,358,6185,036,057
2020-11-09$117.98$100.0032.9%9.4%40.9%21.7%33.1%2.6%-0.0%885.3M-33.13B-162.9M0.463.51N/AN/A1,167,859539,9327,274,5194,957,606
2020-11-10$116.69$100.0034.4%9.8%40.4%23.7%34.8%2.8%0.0%824.4M-30.70B-166.6M0.532.65N/AN/A978,988518,7067,467,6525,045,701
2020-11-11$119.28$100.0031.3%9.1%41.3%19.3%32.6%2.9%0.2%1.06B-35.53B-163.6M0.653.39N/AN/A708,332461,1687,546,8735,097,183
2020-11-12$119.06$102.5033.2%9.5%41.2%22.0%33.8%3.5%0.2%967.6M-34.38B-165.9M0.672.70N/AN/A766,722516,0907,514,7305,176,444
2020-11-13$119.52$102.5030.3%8.8%41.0%17.9%30.9%3.2%0.5%1.19B-35.31B-159.5M0.593.09N/AN/A734,591434,7577,580,7575,234,908
2020-11-16$120.02$102.5029.4%8.4%39.9%16.6%29.8%2.6%-0.4%976.3M-35.98B-154.4M0.401.86N/AN/A769,991310,4587,310,8615,070,593
2020-11-17$119.69$102.5029.5%8.5%39.8%16.6%29.8%2.1%-0.1%985.9M-34.73B-158.0M0.531.83N/AN/A549,677293,3617,390,0895,140,702
2020-11-18$118.62$102.5029.9%8.6%39.9%17.2%30.7%2.4%-0.5%899.8M-32.40B-157.4M0.591.94N/AN/A592,776350,2467,466,9285,170,598
2020-11-19$118.83$102.5029.2%8.4%39.7%16.3%29.5%2.8%-0.0%938.9M-32.71B-157.8M0.451.88N/AN/A730,747325,7137,534,4755,184,713
2020-11-20$117.70$102.5029.3%8.4%39.7%16.3%31.0%2.3%-0.0%773.9M-30.34B-158.4M0.591.64N/AN/A678,421397,0757,606,1555,256,796
2020-11-23$114.05$102.5030.9%9.0%41.4%18.7%32.0%1.7%-0.2%485.8M-24.12B-150.4M0.361.44N/AN/A1,350,634484,6976,701,9524,688,366
2020-11-24$115.58$102.5029.4%8.4%41.2%16.6%29.8%1.5%-0.2%687.3M-27.15B-153.8M0.391.49N/AN/A1,064,359415,4596,940,0544,847,262
2020-11-25$116.30$102.5029.6%8.4%38.8%16.9%30.0%1.2%0.2%820.9M-29.18B-154.3M0.351.47N/AN/A835,705289,5107,085,2104,911,945
2020-11-27$116.44$102.5029.6%8.5%36.8%16.9%30.3%0.8%0.4%821.6M-29.58B-153.0M0.371.38N/AN/A603,255223,9247,169,2084,942,833
2020-11-30$120.45$105.0032.4%9.5%27.5%20.9%33.9%0.0%2.2%866.2M-36.53B-161.9M0.301.29N/AN/A1,867,718564,0496,869,0144,836,664