AAPL Options History — March 2021

In March 2021, AAPL traded between $117.19 and $127.51. ATM implied volatility averaged 33.1%, placing in the 16.0% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded above realized volatility by 4.0% (HV 20d: 29.1%). Max pain ranged from $125.00 to $130.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 0.45.

Notable Days

  • 2021-03-04: Highest Volume — 1,925,707 contracts
  • 2021-03-09: Largest IV drop — 11.2% change
  • 2021-03-08: Highest IV Rank — 23.4%
  • 2021-03-08: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$122.00$117.19$127.51$127.51$122.38
Max Pain$127.34$125.00$130.00$130.00$125.00
ATM IV33.1%29.0%39.0%31.9%31.9%
Expected Move9.3%7.5%10.9%9.1%7.5%
HV 20d29.1%21.8%33.5%22.4%29.9%
HV 60d30.2%29.1%31.2%29.1%29.5%
IV Rank16.0%10.8%23.4%12.2%18.6%
IV Percentile29.8%8.3%56.0%20.6%23.4%
Term Structure0.7%-0.9%3.8%0.1%-0.0%
VWIV32.7%26.4%38.8%32.3%26.4%
Skew 25d3.0%1.3%5.7%3.0%2.5%
Skew 10d7.0%3.2%12.3%8.3%5.1%
Call IV 25d32.3%27.9%37.6%31.1%31.0%
Put IV 25d35.2%30.7%41.9%34.2%33.5%
Bid-Ask Spread %1.901.542.461.841.97
Gamma HHI0.050.040.100.050.06
Net GEX388.2M130.4M742.3M573.8M552.0M
Net DEX-8.51B-15.67B-1.15B-15.56B-11.07B
Net VEX-181.0M-190.8M-172.6M-184.2M-176.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.450.310.580.370.41
Total Volume1,356,416.217919,7451,925,7071,628,1171,372,016
Total OI10,190,667.8269,298,88111,110,3519,690,5549,902,551

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$127.51$130.0031.9%9.1%22.4%12.2%32.3%3.0%0.1%573.8M-15.56B-184.2M0.371.84N/AN/A1,186,134441,9835,797,2083,893,346
2021-03-02$125.66$130.0032.8%9.4%21.8%13.7%32.9%3.4%-0.1%521.7M-12.41B-182.9M0.371.67N/AN/A764,184281,2076,028,1264,003,593
2021-03-03$122.83$130.0035.4%10.5%22.7%17.7%36.7%4.7%-0.6%322.5M-7.55B-178.7M0.541.66N/AN/A903,240490,3206,123,1784,051,535
2021-03-04$120.24$130.0038.0%10.7%23.4%21.8%37.3%5.7%-0.9%156.8M-3.61B-177.2M0.522.26N/AN/A1,270,097655,6106,201,3314,134,619
2021-03-05$121.29$130.0035.3%10.1%22.4%17.7%35.5%5.0%-0.4%271.7M-5.16B-179.1M0.522.04N/AN/A1,262,331653,3676,295,0114,188,045
2021-03-08$117.19$130.0039.0%10.9%24.5%23.4%38.8%4.3%-0.5%130.4M-1.15B-172.6M0.431.90N/AN/A1,177,362502,3325,971,8944,065,670
2021-03-09$121.38$128.7534.6%9.9%28.8%16.5%34.9%3.6%-0.1%387.3M-6.99B-181.2M0.441.78N/AN/A1,022,534452,6166,166,0484,200,322
2021-03-10$120.35$128.7535.2%10.1%28.7%17.4%35.4%3.3%0.1%301.2M-5.38B-180.3M0.452.39N/AN/A750,838336,5116,231,1714,242,675
2021-03-11$122.03$127.5033.3%9.6%29.6%14.4%34.2%2.8%0.4%525.5M-8.46B-183.6M0.461.79N/AN/A864,870395,4026,357,6924,302,293
2021-03-12$120.92$127.5033.8%9.8%29.6%15.2%34.5%2.6%0.5%288.6M-6.46B-181.3M0.501.89N/AN/A822,308411,9236,452,6734,348,409
2021-03-15$123.67$127.5033.8%9.7%31.1%15.3%34.4%1.6%0.1%490.5M-11.31B-186.8M0.311.90N/AN/A950,963291,8356,155,2614,175,276
2021-03-16$125.87$127.5031.6%9.1%31.9%11.8%32.4%1.6%0.5%742.3M-15.67B-190.8M0.342.06N/AN/A1,366,115468,1176,346,0554,237,318
2021-03-17$124.80$127.5032.3%9.3%31.4%12.8%33.0%1.3%0.2%619.9M-13.09B-189.8M0.422.46N/AN/A930,190390,9896,435,0894,306,005
2021-03-18$120.65$127.5035.4%10.2%33.3%17.8%36.1%2.2%-0.3%305.4M-6.20B-185.0M0.441.88N/AN/A968,824429,9076,553,7814,350,336
2021-03-19$120.38$126.2532.6%9.3%33.3%16.5%33.4%2.0%0.5%504.1M-5.61B-183.2M0.582.02N/AN/A1,023,594594,5676,689,8034,420,548
2021-03-22$123.09$125.0029.5%8.4%33.3%10.8%29.7%1.7%3.1%448.0M-11.92B-182.6M0.381.54N/AN/A869,645331,0085,556,5533,742,328
2021-03-23$122.51$125.0029.0%8.3%33.3%10.8%29.0%2.5%3.5%448.2M-11.05B-181.0M0.421.84N/AN/A793,699332,1425,721,6743,828,755
2021-03-24$120.56$125.0029.6%8.5%33.5%13.2%29.6%3.2%3.5%242.3M-7.03B-176.9M0.451.94N/AN/A760,108342,0505,809,3123,914,495
2021-03-25$120.97$125.0030.5%8.4%32.4%15.4%29.7%3.3%3.6%330.6M-7.91B-179.2M0.511.64N/AN/A813,807413,3865,910,9023,977,782
2021-03-26$120.44$125.0030.4%8.1%31.2%15.0%28.5%2.9%3.8%208.1M-6.99B-177.2M0.521.86N/AN/A811,613420,9995,994,3664,040,726
2021-03-29$121.40$125.0032.5%8.2%30.1%20.1%28.6%3.0%-0.2%329.4M-8.80B-176.7M0.441.73N/AN/A636,690283,0555,613,0273,899,698
2021-03-30$119.99$125.0032.6%8.0%29.9%20.3%28.2%2.4%-0.1%228.1M-6.39B-175.7M0.541.71N/AN/A622,325334,7605,773,0813,975,799
2021-03-31$122.38$125.0031.9%7.5%29.9%18.6%26.4%2.5%-0.0%552.0M-11.07B-176.0M0.411.97N/AN/A973,082398,9345,858,1594,044,392