AAPL Options History — January 2021

In January 2021, AAPL traded between $127.17 and $143.19. ATM implied volatility averaged 42.9%, placing in the 31.7% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 10.3% (HV 20d: 32.6%). Max pain ranged from $120.00 to $130.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 0.36.

Notable Days

2021-01-29: Highest Volume — 3,263,703 contracts
2021-01-28: Largest IV drop — 21.4% change
2021-01-27: Highest IV Rank — 47.7%
2021-01-27: Largest Expected Move — 16.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$133.20	$127.17	$143.19	$129.39	$132.42
Max Pain	$121.32	$120.00	$130.00	$120.00	$130.00
ATM IV	42.9%	39.0%	53.3%	41.6%	44.5%
Expected Move	12.2%	11.0%	16.2%	11.4%	12.8%
HV 20d	32.6%	29.8%	36.0%	29.8%	36.0%
HV 60d	32.9%	29.2%	34.7%	34.1%	30.5%
IV Rank	31.7%	25.9%	47.7%	29.9%	34.2%
IV Percentile	66.8%	58.3%	90.5%	63.9%	69.4%
Term Structure	-0.9%	-1.8%	0.1%	-0.5%	0.1%
VWIV	43.5%	39.4%	57.2%	41.2%	46.0%
Skew 25d	-0.9%	-4.1%	1.9%	1.9%	0.3%
Skew 10d	-1.6%	-8.3%	6.1%	6.1%	-0.6%
Call IV 25d	44.5%	40.0%	55.5%	41.8%	45.6%
Put IV 25d	43.6%	40.1%	52.4%	43.7%	45.8%
Bid-Ask Spread %	2.58	1.53	4.57	3.53	2.05
Gamma HHI	0.08	0.05	0.19	0.07	0.05
Net GEX	785.8M	313.7M	1.39B	695.6M	390.0M
Net DEX	-34.85B	-41.85B	-20.96B	-35.97B	-21.88B
Net VEX	-165.0M	-176.0M	-158.9M	-159.1M	-175.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.36	0.25	0.52	0.39	0.52
Total Volume	1,748,799.474	1,035,127	3,263,703	1,857,706	3,263,703
Total OI	10,088,598.158	7,740,894	12,069,563	11,018,941	9,227,816

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2021-01-04	$129.39	$120.00	41.6%	11.4%	29.8%	29.9%	41.2%	1.9%	-0.5%	695.6M	-35.97B	-159.1M	0.39	3.53	N/A	N/A	1,333,163	524,543	6,427,825	4,591,116
2021-01-05	$131.08	$120.00	40.2%	11.1%	29.9%	27.7%	39.8%	1.3%	-0.7%	865.7M	-39.06B	-160.7M	0.38	3.77	N/A	N/A	751,015	284,112	6,616,295	4,738,087
2021-01-06	$127.17	$120.00	41.2%	11.3%	31.9%	29.2%	40.6%	0.9%	-0.9%	592.2M	-31.67B	-159.6M	0.37	4.57	N/A	N/A	1,404,308	525,715	6,653,514	4,797,133
2021-01-07	$131.32	$120.00	39.8%	11.0%	33.7%	27.1%	39.4%	-0.4%	-0.7%	1.01B	-40.38B	-162.0M	0.35	3.10	N/A	N/A	1,140,324	400,252	6,849,058	4,881,254
2021-01-08	$132.06	$120.00	40.2%	11.1%	32.4%	27.6%	39.7%	-0.4%	-0.6%	1.13B	-41.85B	-162.2M	0.41	3.13	N/A	N/A	1,169,360	484,357	6,925,168	4,918,902
2021-01-11	$128.96	$120.00	43.2%	11.9%	33.7%	32.2%	42.7%	0.2%	-1.4%	633.3M	-35.48B	-159.7M	0.34	2.93	N/A	N/A	819,153	276,289	6,568,766	4,761,815
2021-01-12	$128.86	$120.00	42.5%	11.7%	33.3%	31.1%	41.9%	0.2%	-1.4%	692.3M	-35.73B	-160.9M	0.38	2.88	N/A	N/A	916,807	343,765	6,772,411	4,839,237
2021-01-13	$131.03	$120.00	42.2%	11.6%	33.6%	30.7%	41.9%	-0.0%	-1.6%	917.2M	-40.37B	-162.5M	0.40	2.58	N/A	N/A	989,627	393,753	6,880,442	4,898,394
2021-01-14	$129.32	$120.00	42.7%	11.8%	30.2%	31.4%	42.5%	-0.4%	-1.7%	713.7M	-36.19B	-164.1M	0.32	3.08	N/A	N/A	876,341	276,411	6,949,354	4,950,200
2021-01-15	$127.27	$120.00	41.8%	11.7%	30.7%	30.2%	42.0%	0.3%	-1.7%	313.7M	-32.01B	-162.1M	0.39	2.24	N/A	N/A	1,194,574	463,839	7,049,692	5,019,871
2021-01-19	$127.91	$120.00	39.0%	11.1%	30.8%	25.9%	40.3%	0.1%	-0.6%	566.4M	-20.96B	-158.9M	0.37	1.91	N/A	N/A	757,682	280,885	4,955,822	2,785,072
2021-01-20	$132.31	$120.00	40.1%	11.5%	32.4%	27.5%	41.2%	-1.2%	-0.5%	881.7M	-28.22B	-162.4M	0.32	1.71	N/A	N/A	1,242,693	394,645	5,097,466	2,882,403
2021-01-21	$137.17	$120.00	42.2%	12.1%	34.5%	30.7%	43.1%	-3.1%	-0.9%	1.12B	-35.95B	-167.0M	0.34	2.05	N/A	N/A	1,757,480	593,350	5,286,171	2,964,422
2021-01-22	$139.67	$120.00	42.5%	12.3%	33.2%	31.2%	43.6%	-3.3%	-0.6%	1.39B	-39.44B	-168.0M	0.29	2.20	N/A	N/A	1,982,499	576,338	5,373,626	3,060,388
2021-01-25	$142.68	$120.00	47.1%	13.9%	33.8%	38.3%	49.4%	-4.1%	-1.2%	801.6M	-39.90B	-169.2M	0.30	1.53	N/A	N/A	1,887,714	565,837	5,164,173	2,923,785
2021-01-26	$143.19	$125.00	48.5%	14.5%	33.8%	40.3%	51.4%	-3.8%	-1.5%	801.1M	-39.85B	-171.7M	0.25	1.77	N/A	N/A	845,229	215,015	5,371,131	3,064,244
2021-01-27	$141.10	$125.00	53.3%	16.2%	32.1%	47.7%	57.2%	-3.1%	-1.8%	729.3M	-36.61B	-176.0M	0.32	1.89	N/A	N/A	1,260,640	402,612	5,446,146	3,122,046
2021-01-28	$137.91	$125.00	41.9%	12.1%	33.0%	30.3%	43.5%	-2.2%	-0.0%	683.5M	-30.73B	-173.5M	0.34	2.14	N/A	N/A	1,958,663	674,497	5,601,447	3,268,673
2021-01-29	$132.42	$130.00	44.5%	12.8%	36.0%	34.2%	46.0%	0.3%	0.1%	390.0M	-21.88B	-175.9M	0.52	2.05	N/A	N/A	2,152,181	1,111,522	5,810,755	3,417,061