AAPL Options History — May 2022

In May 2022, AAPL traded between $136.47 and $165.70. ATM implied volatility averaged 36.8%, placing in the 72.4% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded below realized volatility by 9.8% (HV 20d: 46.6%). Max pain ranged from $145.00 to $165.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.86.

Notable Days

2022-05-12: Highest Volume — 2,460,678 contracts
2022-05-05: Largest IV spike — 25.3% change
2022-05-12: Highest IV Rank — 100.0%
2022-05-12: Largest Expected Move — 12.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$148.17	$136.47	$165.70	$157.04	$149.88
Max Pain	$152.76	$145.00	$165.00	$165.00	$145.00
ATM IV	36.8%	29.4%	44.3%	36.7%	34.0%
Expected Move	10.7%	8.8%	12.6%	11.0%	10.2%
HV 20d	46.6%	31.2%	54.8%	33.2%	53.3%
HV 60d	36.7%	30.3%	40.4%	30.3%	40.3%
IV Rank	72.4%	44.5%	100.0%	75.7%	59.2%
IV Percentile	93.1%	75.0%	100.0%	96.0%	87.3%
Term Structure	-0.4%	-1.2%	0.4%	-0.9%	-0.6%
VWIV	37.8%	31.3%	43.6%	39.5%	37.1%
Skew 25d	8.6%	7.0%	10.6%	9.1%	7.0%
Skew 10d	16.2%	13.9%	19.2%	16.5%	13.9%
Call IV 25d	32.9%	26.0%	39.0%	31.5%	31.1%
Put IV 25d	41.5%	33.4%	49.7%	40.6%	38.0%
Bid-Ask Spread %	1.22	1.10	1.40	1.22	1.10
Gamma HHI	0.06	0.04	0.10	0.05	0.04
Net GEX	-76.4M	-361.5M	461.1M	-65.4M	61.2M
Net DEX	2.79B	-12.81B	13.13B	-1.90B	-3.37B
Net VEX	-161.9M	-180.4M	-145.2M	-172.9M	-161.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.86	0.62	1.13	0.84	0.89
Total Volume	1,500,401.095	933,919	2,460,678	1,316,654	1,171,340
Total OI	7,712,412.619	7,200,298	8,440,151	7,200,298	7,392,911

Daily Data (21 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
2022-05-02	$157.04	$165.00	36.7%	11.0%	33.2%	75.7%	39.5%	9.1%	-0.9%	-65.4M	-1.90B	-172.9M	0.84	1.22	N/A	N/A	716,247	600,407	3,822,622	3,377,676
2022-05-03	$158.83	$165.00	33.2%	10.2%	31.2%	60.7%	35.9%	8.3%	-0.4%	55.7M	-4.34B	-174.5M	0.81	1.33	N/A	N/A	514,781	419,138	3,967,756	3,441,061
2022-05-04	$165.70	$165.00	29.4%	8.8%	35.0%	44.5%	31.3%	7.4%	0.2%	461.1M	-12.81B	-180.4M	0.81	1.30	N/A	N/A	708,146	572,892	4,023,571	3,518,908
2022-05-05	$155.86	$155.00	36.9%	10.4%	40.6%	76.5%	35.1%	9.3%	-0.5%	-165.7M	-634.5M	-175.4M	0.62	1.27	N/A	N/A	1,038,728	643,497	4,084,831	3,588,409
2022-05-06	$157.62	$155.00	33.9%	9.8%	40.9%	63.7%	36.8%	9.0%	0.1%	41.0M	-2.71B	-178.2M	0.80	1.29	N/A	N/A	906,101	724,703	4,233,116	3,637,120
2022-05-09	$152.16	$155.00	40.9%	11.5%	42.2%	93.5%	41.3%	9.8%	-0.5%	-98.1M	1.65B	-170.3M	1.08	1.33	N/A	N/A	568,147	611,117	3,971,570	3,442,370
2022-05-10	$154.45	$155.00	37.5%	10.7%	41.9%	79.2%	39.5%	9.3%	-0.2%	-35.5M	-548.1M	-171.8M	0.95	1.24	N/A	N/A	564,738	533,878	4,036,598	3,532,169
2022-05-11	$146.21	$155.00	41.7%	11.9%	45.2%	97.2%	40.5%	9.6%	-0.2%	-268.7M	7.43B	-161.1M	0.86	1.18	N/A	N/A	891,052	763,988	4,100,467	3,595,128
2022-05-12	$141.01	$155.00	44.3%	12.6%	45.3%	100.0%	43.6%	10.6%	-0.4%	-305.9M	11.65B	-153.7M	0.91	1.12	N/A	N/A	1,288,442	1,172,236	4,218,719	3,689,594
2022-05-13	$147.20	$150.00	38.2%	10.9%	48.3%	75.6%	36.9%	9.1%	-0.0%	-137.5M	5.58B	-160.8M	0.72	1.20	N/A	N/A	1,144,007	824,681	4,367,509	3,775,744
2022-05-16	$145.43	$150.00	37.5%	10.7%	48.3%	72.8%	37.3%	8.1%	-1.0%	-177.2M	6.68B	-157.2M	0.86	1.18	N/A	N/A	563,911	482,713	4,064,938	3,667,439
2022-05-17	$148.93	$150.00	32.9%	9.4%	48.7%	54.7%	33.6%	7.7%	-0.5%	-108.3M	3.27B	-159.8M	0.79	1.33	N/A	N/A	595,288	473,132	4,149,736	3,746,986
2022-05-18	$140.60	$150.00	39.8%	11.4%	51.9%	82.1%	39.5%	9.0%	-1.2%	-322.7M	10.98B	-151.2M	0.97	1.19	N/A	N/A	822,082	797,474	4,218,309	3,798,672
2022-05-19	$137.74	$150.00	36.9%	10.6%	52.1%	70.5%	37.6%	8.3%	-0.9%	-361.5M	12.76B	-145.2M	0.83	1.15	N/A	N/A	1,227,130	1,019,806	4,354,607	3,832,077
2022-05-20	$136.47	$150.00	38.9%	11.2%	51.9%	78.3%	38.5%	8.3%	-1.0%	-304.3M	13.13B	-145.6M	0.94	1.40	N/A	N/A	1,169,720	1,097,064	4,556,664	3,883,487
2022-05-23	$142.16	$150.00	37.7%	10.9%	54.8%	73.7%	38.2%	8.4%	-0.3%	-37.9M	3.85B	-154.7M	0.71	1.16	N/A	N/A	871,086	621,631	3,811,521	3,478,236
2022-05-24	$140.83	$150.00	38.5%	11.3%	54.1%	77.0%	40.8%	8.6%	-0.6%	-117.1M	5.42B	-154.0M	1.13	1.12	N/A	N/A	535,027	603,904	3,884,877	3,624,318
2022-05-25	$140.60	$148.00	37.0%	10.8%	54.1%	71.0%	38.7%	8.4%	-0.2%	-100.2M	5.33B	-152.9M	0.87	1.18	N/A	N/A	530,420	463,695	3,952,750	3,643,967
2022-05-26	$143.82	$145.00	34.8%	10.4%	52.3%	62.4%	37.1%	8.3%	-0.2%	83.1M	1.89B	-155.9M	0.91	1.19	N/A	N/A	760,534	695,704	3,993,913	3,676,782
2022-05-27	$148.97	$145.00	32.3%	9.5%	53.2%	52.3%	34.9%	7.3%	0.4%	299.4M	-4.67B	-162.5M	0.70	1.16	N/A	N/A	1,059,300	740,536	4,052,996	3,750,541
2022-05-31	$149.88	$145.00	34.0%	10.2%	53.3%	59.2%	37.1%	7.0%	-0.6%	61.2M	-3.37B	-161.9M	0.89	1.10	N/A	N/A	618,318	553,022	3,774,426	3,618,485