AAPL Options History — February 2021

In February 2021, AAPL traded between $121.77 and $136.75. ATM implied volatility averaged 32.5%, placing in the 15.1% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 3.7% (HV 20d: 28.9%). Max pain ranged from $130.00 to $130.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 0.42.

Notable Days

2021-02-23: Highest Volume — 2,243,841 contracts
2021-02-25: Largest IV spike — 17.4% change
2021-02-25: Highest IV Rank — 25.3%
2021-02-25: Largest Expected Move — 11.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$131.72	$121.77	$136.75	$134.58	$124.61
Max Pain	$130.00	$130.00	$130.00	$130.00	$130.00
ATM IV	32.5%	28.7%	40.2%	38.2%	34.9%
Expected Move	9.4%	8.4%	11.8%	10.6%	10.0%
HV 20d	28.9%	21.9%	36.3%	36.3%	24.4%
HV 60d	29.0%	28.6%	30.2%	30.2%	28.9%
IV Rank	15.1%	8.6%	25.3%	24.5%	17.0%
IV Percentile	26.2%	9.5%	56.7%	52.4%	41.3%
Term Structure	0.5%	-0.8%	1.4%	0.3%	-0.0%
VWIV	33.7%	30.3%	41.9%	38.3%	35.9%
Skew 25d	1.8%	0.3%	5.6%	0.6%	5.4%
Skew 10d	4.7%	1.3%	12.2%	1.9%	12.2%
Call IV 25d	32.5%	28.7%	39.0%	39.0%	33.2%
Put IV 25d	34.3%	29.9%	44.2%	39.6%	38.7%
Bid-Ask Spread %	1.85	1.47	2.35	1.57	1.80
Gamma HHI	0.08	0.04	0.34	0.06	0.06
Net GEX	653.2M	173.4M	1.18B	597.7M	436.9M
Net DEX	-19.92B	-29.72B	-6.09B	-25.65B	-10.15B
Net VEX	-174.8M	-181.7M	-169.3M	-177.4M	-181.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.42	0.31	0.57	0.38	0.55
Total Volume	1,405,500.421	822,099	2,243,841	1,507,529	1,774,775
Total OI	9,303,374.211	8,494,001	10,205,798	8,494,001	10,205,798

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
2021-02-01	$134.58	$130.00	38.2%	10.6%	36.3%	24.5%	38.3%	0.6%	0.3%	597.7M	-25.65B	-177.4M	0.38	1.57	N/A	N/A	1,092,482	415,047	5,249,864	3,244,137
2021-02-02	$135.03	$130.00	34.3%	9.4%	35.0%	18.7%	33.8%	1.1%	0.7%	720.6M	-26.46B	-174.0M	0.39	1.79	N/A	N/A	810,831	312,550	5,400,284	3,313,836
2021-02-03	$134.33	$130.00	33.5%	8.9%	34.9%	17.3%	32.2%	0.8%	0.4%	713.6M	-25.11B	-173.7M	0.44	1.72	N/A	N/A	792,005	348,326	5,530,943	3,387,601
2021-02-04	$136.75	$130.00	32.6%	9.7%	33.3%	16.1%	35.0%	0.3%	0.6%	1.04B	-29.72B	-174.2M	0.31	2.31	N/A	N/A	1,074,954	334,895	5,636,453	3,489,277
2021-02-05	$136.47	$130.00	30.6%	9.2%	31.6%	13.0%	33.3%	0.3%	0.9%	1.09B	-27.42B	-175.6M	0.45	2.32	N/A	N/A	1,037,821	468,108	5,609,883	3,525,701
2021-02-08	$136.46	$130.00	30.5%	9.0%	31.5%	12.9%	32.9%	0.4%	0.8%	805.3M	-27.16B	-172.7M	0.41	2.00	N/A	N/A	682,339	281,289	5,358,797	3,420,333
2021-02-09	$136.33	$130.00	31.0%	9.2%	30.1%	13.6%	32.7%	0.4%	0.9%	853.9M	-27.16B	-175.1M	0.37	1.82	N/A	N/A	600,748	221,351	5,489,287	3,504,520
2021-02-10	$135.04	$130.00	31.3%	9.3%	30.4%	14.1%	32.7%	0.7%	1.0%	753.8M	-24.50B	-174.3M	0.41	1.91	N/A	N/A	786,982	322,614	5,595,269	3,547,904
2021-02-11	$134.76	$130.00	30.3%	8.9%	29.9%	12.5%	31.7%	0.9%	0.9%	723.2M	-23.90B	-173.8M	0.34	1.85	N/A	N/A	774,535	264,324	5,733,540	3,660,455
2021-02-12	$135.00	$130.00	28.7%	8.5%	29.4%	10.0%	30.9%	1.2%	1.4%	1.02B	-24.24B	-175.5M	0.50	1.91	N/A	N/A	815,252	405,623	5,778,347	3,710,724
2021-02-16	$133.25	$130.00	29.8%	8.6%	29.2%	11.7%	30.9%	1.3%	0.5%	588.0M	-21.15B	-169.3M	0.43	2.35	N/A	N/A	897,974	388,887	5,470,300	3,601,848
2021-02-17	$130.83	$130.00	30.6%	8.8%	30.1%	12.8%	31.9%	1.3%	0.3%	419.6M	-16.47B	-169.5M	0.38	1.79	N/A	N/A	1,344,493	516,320	5,678,765	3,734,352
2021-02-18	$129.92	$130.00	31.0%	8.9%	27.6%	13.5%	32.0%	1.9%	0.3%	447.6M	-15.42B	-171.8M	0.48	1.69	N/A	N/A	1,139,636	544,203	5,880,485	3,855,817
2021-02-19	$129.92	$130.00	29.6%	8.4%	23.9%	8.6%	30.3%	1.7%	0.8%	1.18B	-15.61B	-174.1M	0.41	1.68	N/A	N/A	1,205,513	489,686	6,062,200	3,997,433
2021-02-22	$126.38	$130.00	32.6%	9.3%	24.1%	13.4%	33.4%	3.0%	0.1%	256.8M	-11.15B	-171.9M	0.57	1.47	N/A	N/A	908,005	520,171	5,391,121	3,620,761
2021-02-23	$126.33	$130.00	34.2%	9.8%	22.2%	15.9%	35.8%	3.6%	-0.1%	297.7M	-11.17B	-176.8M	0.45	1.87	N/A	N/A	1,542,824	701,017	5,607,841	3,776,124
2021-02-24	$124.87	$130.00	34.2%	9.8%	21.9%	15.9%	35.0%	3.3%	0.0%	290.4M	-9.95B	-180.0M	0.34	1.72	N/A	N/A	905,258	311,395	5,808,619	3,915,198
2021-02-25	$121.77	$130.00	40.2%	11.8%	22.7%	25.3%	41.9%	5.6%	-0.8%	173.4M	-6.09B	-180.4M	0.44	1.62	N/A	N/A	1,160,410	511,865	5,985,202	3,985,091
2021-02-26	$124.61	$130.00	34.9%	10.0%	24.4%	17.0%	35.9%	5.4%	-0.0%	436.9M	-10.15B	-181.7M	0.55	1.80	N/A	N/A	1,142,924	631,851	6,150,036	4,055,762