AAPL Options History — September 2022

In September 2022, AAPL traded between $139.67 and $163.57. ATM implied volatility averaged 34.9%, placing in the 61.9% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded above realized volatility by 3.1% (HV 20d: 31.8%). Max pain ranged from $155.00 to $165.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 1.02.

Notable Days

2022-09-29: Highest Volume — 2,324,558 contracts
2022-09-13: Largest IV spike — 20.3% change
2022-09-29: Highest IV Rank — 100.0%
2022-09-29: Largest Expected Move — 12.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$153.11	$139.67	$163.57	$157.03	$139.67
Max Pain	$159.64	$155.00	$165.00	$160.00	$155.00
ATM IV	34.9%	27.2%	44.5%	31.2%	43.9%
Expected Move	9.8%	7.7%	12.1%	9.0%	11.6%
HV 20d	31.8%	21.5%	39.6%	23.0%	39.6%
HV 60d	29.8%	27.8%	31.5%	30.9%	31.4%
IV Rank	61.9%	30.9%	100.0%	47.1%	97.6%
IV Percentile	74.8%	32.5%	100.0%	61.9%	99.2%
Term Structure	0.4%	-1.3%	2.3%	-0.1%	-0.3%
VWIV	35.2%	28.5%	42.1%	32.9%	39.6%
Skew 25d	7.7%	6.2%	9.8%	6.6%	9.8%
Skew 10d	14.6%	11.5%	18.9%	12.6%	18.3%
Call IV 25d	31.2%	24.1%	39.7%	28.3%	39.2%
Put IV 25d	38.9%	30.3%	49.5%	34.9%	49.1%
Bid-Ask Spread %	1.07	0.70	1.72	0.70	0.92
Gamma HHI	0.10	0.05	0.35	0.06	0.11
Net GEX	-96.2M	-673.7M	995.0M	-77.7M	-619.2M
Net DEX	-835.5M	-15.03B	11.93B	-2.26B	11.93B
Net VEX	-162.5M	-168.7M	-150.1M	-166.3M	-150.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.02	0.64	1.54	1.03	1.14
Total Volume	1,618,614.619	1,030,946	2,324,558	1,480,636	1,769,758
Total OI	8,154,807.905	7,156,076	8,902,725	8,256,657	8,500,647

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
2022-09-01	$157.03	$160.00	31.2%	9.0%	23.0%	47.1%	32.9%	6.6%	-0.1%	-77.7M	-2.26B	-166.3M	1.03	0.70	N/A	N/A	727,755	752,881	4,170,628	4,086,029
2022-09-02	$155.17	$157.50	31.8%	9.0%	23.2%	49.4%	31.0%	6.9%	0.0%	-285.1M	-166.0M	-163.1M	0.78	0.70	N/A	N/A	852,481	667,527	4,263,250	4,131,645
2022-09-06	$154.54	$165.00	32.9%	9.3%	23.2%	53.7%	33.1%	6.7%	0.0%	-35.5M	-594.1M	-160.8M	0.68	1.06	N/A	N/A	613,375	417,571	4,084,252	3,994,393
2022-09-07	$156.19	$165.00	30.9%	8.8%	23.7%	45.7%	31.5%	6.7%	0.1%	111.8M	-2.97B	-161.2M	0.81	1.32	N/A	N/A	792,330	641,232	4,243,354	4,035,352
2022-09-08	$154.03	$165.00	29.8%	8.6%	21.5%	41.3%	31.2%	6.3%	0.2%	-111.9M	-270.7M	-156.9M	0.89	1.00	N/A	N/A	754,125	673,334	4,308,317	4,110,643
2022-09-09	$157.57	$165.00	27.2%	7.7%	23.6%	30.9%	28.5%	6.2%	0.4%	995.0M	-6.10B	-158.2M	0.82	1.03	N/A	N/A	679,200	553,797	4,371,884	4,121,529
2022-09-12	$163.57	$160.00	28.3%	7.9%	26.7%	35.3%	29.2%	6.5%	-0.9%	420.0M	-15.03B	-165.0M	0.64	1.04	N/A	N/A	1,057,611	679,107	4,150,036	4,018,246
2022-09-13	$153.59	$160.00	34.1%	9.4%	33.9%	58.6%	33.2%	7.5%	-1.3%	-128.6M	-91.1M	-161.1M	0.91	1.02	N/A	N/A	924,225	843,061	4,325,994	4,198,685
2022-09-14	$155.41	$160.00	32.4%	9.2%	34.4%	51.6%	32.6%	6.9%	-0.1%	1.5M	-2.85B	-163.4M	1.01	1.72	N/A	N/A	808,239	816,150	4,409,905	4,256,065
2022-09-15	$152.49	$160.00	33.5%	9.7%	34.3%	56.2%	35.4%	7.0%	0.5%	-235.6M	938.7M	-159.9M	1.16	1.54	N/A	N/A	814,504	945,721	4,489,560	4,290,714
2022-09-16	$150.62	$160.00	35.9%	10.2%	34.3%	66.1%	36.8%	7.7%	-0.4%	-605.3M	2.91B	-161.8M	1.17	1.11	N/A	N/A	1,065,162	1,246,956	4,523,450	4,379,275
2022-09-19	$154.11	$160.00	33.1%	9.5%	35.6%	54.8%	35.2%	7.9%	2.2%	13.0M	-2.89B	-162.1M	1.04	1.05	N/A	N/A	547,353	570,698	3,644,864	3,511,212
2022-09-20	$157.42	$160.00	34.0%	9.7%	36.0%	58.2%	35.6%	7.9%	2.1%	142.6M	-7.11B	-168.7M	1.17	0.95	N/A	N/A	719,324	838,028	3,736,184	3,629,134
2022-09-21	$154.36	$160.00	35.4%	10.1%	36.5%	63.9%	36.1%	7.9%	2.3%	-34.2M	-2.90B	-167.7M	1.09	1.26	N/A	N/A	709,482	775,900	3,820,782	3,797,500
2022-09-22	$154.25	$160.00	34.9%	9.9%	36.4%	61.7%	35.9%	7.2%	2.3%	-61.6M	-2.73B	-167.2M	1.13	1.14	N/A	N/A	781,137	881,337	3,899,378	3,928,764
2022-09-23	$150.31	$160.00	38.0%	10.7%	36.7%	74.5%	37.9%	7.8%	2.3%	-673.7M	1.53B	-166.0M	1.54	1.40	N/A	N/A	740,100	1,142,313	4,033,143	3,978,448
2022-09-26	$151.29	$155.00	39.8%	10.9%	35.2%	81.7%	40.4%	9.3%	-0.5%	-92.6M	-125.4M	-166.6M	1.11	0.88	N/A	N/A	642,786	713,209	3,826,053	3,828,471
2022-09-27	$151.66	$155.00	41.2%	11.3%	35.1%	87.4%	41.2%	9.7%	-0.5%	-82.3M	-734.4M	-168.0M	1.13	0.90	N/A	N/A	593,333	672,465	3,946,317	3,944,373
2022-09-28	$150.03	$155.00	40.6%	10.8%	34.9%	84.8%	39.7%	9.4%	-0.5%	-202.7M	1.60B	-164.3M	1.18	0.92	N/A	N/A	1,027,018	1,215,764	4,030,724	4,002,574
2022-09-29	$142.00	$155.00	44.5%	12.1%	39.4%	100.0%	42.1%	9.8%	-0.6%	-458.4M	10.35B	-153.5M	1.04	0.89	N/A	N/A	1,140,029	1,184,529	4,155,669	4,073,523
2022-09-30	$139.67	$155.00	43.9%	11.6%	39.6%	97.6%	39.6%	9.8%	-0.3%	-619.2M	11.93B	-150.1M	1.14	0.92	N/A	N/A	827,159	942,599	4,310,710	4,189,937