AAPL Options History — December 2020

In December 2020, AAPL traded between $121.91 and $136.71. ATM implied volatility averaged 34.1%, placing in the 22.3% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 8.5% (HV 20d: 25.7%). Max pain ranged from $92.50 to $105.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 0.34.

Notable Days

  • 2020-12-22: Highest Volume — 3,716,390 contracts
  • 2020-12-28: Largest IV spike — 9.6% change
  • 2020-12-28: Highest IV Rank — 25.8%
  • 2020-12-22: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$127.28$121.91$136.71$122.52$132.68
Max Pain$99.38$92.50$105.00$105.00$105.00
ATM IV34.1%30.4%39.0%31.4%38.8%
Expected Move9.6%9.1%10.3%9.1%9.6%
HV 20d25.7%21.7%28.4%27.6%28.1%
HV 60d35.0%33.8%39.2%39.2%33.8%
IV Rank22.3%18.0%25.8%19.4%25.4%
IV Percentile44.9%28.6%62.3%33.3%61.9%
Term Structure1.5%-0.2%5.4%2.3%0.3%
VWIV34.7%32.5%36.6%32.5%34.6%
Skew 25d-0.0%-1.1%1.2%0.2%0.3%
Skew 10d0.6%-1.9%2.9%1.2%0.8%
Call IV 25d35.2%30.4%42.1%31.9%39.6%
Put IV 25d35.2%30.3%41.0%32.2%39.9%
Bid-Ask Spread %2.381.413.681.581.66
Gamma HHI0.090.070.150.080.07
Net GEX1.19B708.2M1.69B1.16B897.3M
Net DEX-44.54B-53.52B-37.80B-41.96B-43.13B
Net VEX-165.4M-171.0M-160.2M-167.9M-160.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.220.470.290.42
Total Volume1,681,848.591917,0313,716,3902,280,0951,492,718
Total OI12,246,517.510,797,19913,329,71512,210,85511,691,337

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-12-01$122.52$105.0031.4%9.1%27.6%19.4%32.5%0.2%2.3%1.16B-41.96B-167.9M0.291.58N/AN/A1,768,115511,9807,275,7714,935,084
2020-12-02$123.02$105.0032.5%9.3%26.6%21.0%33.6%0.2%2.0%1.20B-42.94B-170.6M0.361.65N/AN/A882,180313,7047,467,0525,035,765
2020-12-03$122.80$92.5031.2%9.5%24.0%19.1%34.7%0.1%2.3%1.23B-42.47B-169.9M0.363.34N/AN/A850,778303,0837,552,5685,097,655
2020-12-04$122.01$92.5030.4%9.2%21.7%18.0%33.2%-0.1%2.0%1.17B-40.68B-167.6M0.382.18N/AN/A923,365354,9607,633,7845,148,215
2020-12-07$123.56$93.7531.9%9.4%22.1%20.2%34.6%-0.5%0.6%1.07B-42.34B-165.6M0.332.64N/AN/A884,800288,3107,349,5655,005,274
2020-12-08$124.76$95.0031.7%9.3%21.9%19.8%33.8%-0.7%0.5%1.27B-45.19B-167.0M0.302.36N/AN/A835,678246,9307,521,4975,084,514
2020-12-09$122.02$95.0033.2%9.6%23.2%22.1%34.8%-0.1%0.3%1.00B-39.16B-166.3M0.403.68N/AN/A1,384,965548,7227,611,2095,101,747
2020-12-10$123.49$95.0032.8%9.5%22.3%21.5%34.2%-0.0%0.3%1.21B-41.84B-163.8M0.472.78N/AN/A820,206386,2137,683,6335,188,416
2020-12-11$122.02$95.0033.2%9.6%22.8%22.0%35.3%0.7%0.7%708.2M-38.24B-163.9M0.452.64N/AN/A1,005,960450,5537,708,2185,232,991
2020-12-14$121.91$96.2533.1%9.5%22.8%21.9%34.1%1.2%0.1%929.8M-37.94B-161.3M0.382.71N/AN/A662,813254,2187,486,4325,128,630
2020-12-15$127.55$98.7534.2%9.8%27.7%23.4%35.4%0.1%-0.2%1.44B-50.37B-165.6M0.242.88N/AN/A2,529,266612,9417,616,2215,209,965
2020-12-16$128.26$100.0032.9%9.4%27.6%21.5%34.3%0.5%0.6%1.65B-53.52B-171.0M0.312.67N/AN/A1,193,841375,8157,993,6295,336,086
2020-12-17$128.63$100.0032.7%9.4%27.2%21.3%33.7%0.9%0.6%1.69B-52.22B-163.9M0.342.66N/AN/A1,136,377381,1217,785,3635,375,536
2020-12-18$126.48$100.0034.4%9.9%28.2%23.7%35.3%1.0%-0.0%888.4M-46.10B-164.3M0.472.99N/AN/A1,237,800584,0677,798,4825,458,467
2020-12-21$127.48$100.0035.1%10.0%27.9%24.8%36.3%0.3%5.2%943.6M-37.80B-165.0M0.292.89N/AN/A1,349,219388,0806,388,5944,408,605
2020-12-22$131.74$100.0035.7%10.3%26.3%25.1%36.6%-0.6%5.0%1.26B-46.99B-166.7M0.222.33N/AN/A3,034,751681,6396,613,7464,512,875
2020-12-23$131.76$102.5034.1%9.6%26.3%22.4%34.3%-0.6%5.4%1.32B-45.71B-166.4M0.281.92N/AN/A1,054,612295,2686,813,2914,613,283
2020-12-24$131.81$102.5035.6%9.8%26.4%21.6%35.6%-1.0%5.1%1.48B-45.71B-167.1M0.321.99N/AN/A1,063,251338,7016,892,3394,664,829
2020-12-28$136.71$102.5039.0%10.1%28.4%25.8%36.1%-1.1%0.3%1.31B-52.37B-161.2M0.281.59N/AN/A1,765,980500,2936,616,2454,504,042
2020-12-29$135.22$105.0038.4%9.7%27.4%24.9%35.0%-0.8%0.4%1.26B-48.03B-162.2M0.341.72N/AN/A1,374,267464,5596,730,8654,610,774
2020-12-30$133.75$105.0038.7%9.8%27.7%25.3%35.1%-0.3%0.2%1.05B-45.24B-160.9M0.331.41N/AN/A1,108,393360,1776,851,7864,689,005
2020-12-31$132.68$105.0038.8%9.6%28.1%25.4%34.6%0.3%0.3%897.3M-43.13B-160.2M0.421.66N/AN/A1,053,926438,7926,938,4054,752,932