AAPL Options History — January 2022

In January 2022, AAPL traded between $158.99 and $181.63. ATM implied volatility averaged 32.2%, placing in the 40.9% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 7.9% (HV 20d: 24.3%). Max pain ranged from $150.00 to $170.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.66.

Notable Days

2022-01-28: Highest Volume — 3,084,468 contracts
2022-01-28: Largest IV drop — 21.3% change
2022-01-27: Highest IV Rank — 81.6%
2022-01-27: Largest Expected Move — 12.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$169.96	$158.99	$181.63	$181.63	$174.04
Max Pain	$164.25	$150.00	$170.00	$150.00	$165.00
ATM IV	32.2%	27.2%	39.8%	28.5%	27.2%
Expected Move	9.2%	6.9%	12.3%	6.9%	7.9%
HV 20d	24.3%	20.9%	33.1%	26.1%	33.1%
HV 60d	24.3%	22.3%	27.9%	22.3%	27.9%
IV Rank	40.9%	25.7%	81.6%	27.7%	38.5%
IV Percentile	76.6%	48.8%	98.8%	56.3%	48.8%
Term Structure	-0.7%	-1.4%	0.3%	-0.4%	0.3%
VWIV	32.9%	25.1%	43.3%	25.1%	29.2%
Skew 25d	5.8%	1.9%	10.3%	1.9%	6.3%
Skew 10d	11.3%	3.7%	19.4%	3.7%	12.2%
Call IV 25d	30.2%	25.2%	35.9%	28.4%	25.2%
Put IV 25d	36.0%	30.3%	45.9%	30.3%	31.5%
Bid-Ask Spread %	1.89	0.99	5.07	1.03	1.57
Gamma HHI	0.09	0.05	0.27	0.13	0.10
Net GEX	404.3M	24.2M	964.8M	964.8M	590.0M
Net DEX	-23.52B	-44.30B	-5.80B	-44.30B	-23.47B
Net VEX	-174.7M	-187.1M	-164.0M	-164.0M	-187.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.66	0.43	0.99	0.48	0.68
Total Volume	1,407,680.3	822,734	3,084,468	1,561,503	1,327,310
Total OI	8,235,344.3	6,206,540	9,221,978	8,433,596	6,770,384

Daily Data (20 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
2022-01-03	$181.63	$150.00	28.5%	6.9%	26.1%	27.7%	25.1%	1.9%	-0.4%	964.8M	-44.30B	-164.0M	0.48	1.03	N/A	N/A	1,053,033	508,470	4,454,560	3,979,036
2022-01-04	$180.16	$150.00	29.1%	7.2%	24.9%	29.5%	26.3%	2.4%	-0.5%	881.4M	-40.85B	-169.6M	0.60	0.99	N/A	N/A	810,407	487,028	4,555,788	4,079,725
2022-01-05	$176.39	$150.00	31.0%	7.9%	24.7%	34.9%	28.7%	3.4%	-0.5%	621.6M	-34.39B	-175.1M	0.48	1.15	N/A	N/A	1,001,483	482,582	4,620,634	4,136,220
2022-01-06	$172.02	$165.00	31.4%	8.9%	25.0%	36.0%	31.5%	4.0%	-0.6%	321.0M	-27.75B	-173.4M	0.53	2.31	N/A	N/A	983,417	517,492	4,709,213	4,202,288
2022-01-07	$172.80	$165.00	30.3%	8.4%	25.0%	32.8%	30.1%	4.2%	-0.4%	330.1M	-28.58B	-173.8M	0.68	2.01	N/A	N/A	867,224	591,117	4,843,701	4,282,162
2022-01-10	$171.21	$165.00	31.5%	8.9%	24.2%	36.5%	31.2%	4.6%	-0.3%	397.8M	-27.19B	-170.6M	0.52	1.67	N/A	N/A	968,957	504,741	4,436,298	4,129,681
2022-01-11	$174.82	$165.00	28.3%	8.1%	25.4%	27.2%	29.2%	4.3%	-0.2%	699.3M	-32.81B	-172.2M	0.46	1.85	N/A	N/A	808,671	372,982	4,552,221	4,261,740
2022-01-12	$175.92	$165.00	27.8%	7.9%	25.0%	25.7%	28.3%	3.9%	-0.2%	812.7M	-34.72B	-172.5M	0.43	1.81	N/A	N/A	777,373	333,937	4,621,057	4,326,269
2022-01-13	$172.98	$165.00	30.0%	8.4%	24.4%	32.1%	30.6%	4.3%	-0.9%	439.6M	-28.70B	-174.3M	0.69	1.50	N/A	N/A	698,922	484,993	4,677,169	4,406,716
2022-01-14	$173.07	$170.00	29.0%	8.1%	21.9%	29.0%	29.2%	4.6%	-0.8%	419.7M	-29.00B	-174.8M	0.87	1.96	N/A	N/A	668,894	580,434	4,726,685	4,495,293
2022-01-18	$169.99	$170.00	32.8%	9.4%	22.6%	40.3%	33.5%	5.2%	-1.0%	299.0M	-24.31B	-174.6M	0.60	5.07	N/A	N/A	683,080	408,348	4,497,477	4,340,009
2022-01-19	$167.21	$170.00	33.0%	9.5%	23.0%	40.7%	33.3%	5.9%	-1.2%	138.9M	-19.74B	-172.3M	0.49	1.66	N/A	N/A	874,601	431,296	4,607,778	4,422,235
2022-01-20	$165.13	$170.00	32.8%	9.5%	22.5%	40.1%	33.5%	6.2%	-1.1%	33.9M	-16.05B	-174.3M	0.75	1.78	N/A	N/A	695,265	519,366	4,627,784	4,454,438
2022-01-21	$163.07	$170.00	35.2%	10.2%	21.6%	47.0%	37.0%	7.5%	-1.4%	92.2M	-13.60B	-173.9M	0.92	1.82	N/A	N/A	924,075	847,938	4,649,611	4,501,385
2022-01-24	$159.54	$170.00	37.8%	11.3%	22.0%	54.8%	40.6%	9.7%	-0.8%	24.2M	-5.80B	-173.2M	0.89	2.11	N/A	N/A	731,642	647,598	3,352,295	2,854,245
2022-01-25	$161.08	$165.00	38.4%	11.6%	20.9%	56.4%	41.4%	9.4%	-1.0%	79.3M	-7.68B	-175.9M	0.77	1.93	N/A	N/A	465,154	357,580	3,494,126	2,985,045
2022-01-26	$158.99	$165.00	39.4%	12.0%	21.0%	59.4%	41.8%	10.3%	-1.0%	43.9M	-5.89B	-177.3M	0.62	1.93	N/A	N/A	678,486	421,288	3,563,633	3,049,757
2022-01-27	$159.73	$165.00	39.8%	12.3%	21.3%	81.6%	43.3%	10.0%	-1.2%	70.1M	-6.77B	-180.4M	0.99	2.10	N/A	N/A	780,691	773,263	3,697,275	3,145,990
2022-01-28	$169.49	$165.00	31.3%	9.3%	31.4%	48.3%	33.3%	8.3%	-0.0%	826.5M	-18.73B	-185.4M	0.80	1.45	N/A	N/A	1,713,389	1,371,079	3,856,841	3,340,122
2022-01-31	$174.04	$165.00	27.2%	7.9%	33.1%	38.5%	29.2%	6.3%	0.3%	590.0M	-23.47B	-187.1M	0.68	1.57	N/A	N/A	787,868	539,442	3,677,993	3,092,391