AAPL Options History — December 2022

In December 2022, AAPL traded between $126.00 and $148.74. ATM implied volatility averaged 33.9%, placing in the 52.1% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded below realized volatility by 1.3% (HV 20d: 35.2%). Max pain ranged from $140.00 to $150.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 1.10.

Notable Days

2022-12-28: Highest Volume — 1,883,653 contracts
2022-12-15: Largest IV spike — 10.6% change
2022-12-28: Highest IV Rank — 82.1%
2022-12-28: Largest Expected Move — 11.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$137.74	$126.00	$148.74	$148.74	$129.19
Max Pain	$144.67	$140.00	$150.00	$150.00	$140.00
ATM IV	33.9%	28.4%	40.6%	28.9%	38.6%
Expected Move	9.7%	8.8%	11.5%	9.0%	10.6%
HV 20d	35.2%	28.5%	44.8%	44.8%	31.3%
HV 60d	40.3%	39.3%	42.4%	42.4%	39.8%
IV Rank	52.1%	27.9%	82.1%	30.3%	73.0%
IV Percentile	58.1%	21.0%	92.1%	23.8%	85.3%
Term Structure	0.8%	-1.1%	2.7%	0.1%	2.7%
VWIV	33.6%	27.2%	38.6%	32.2%	38.2%
Skew 25d	5.6%	4.7%	7.7%	5.6%	7.3%
Skew 10d	11.0%	8.9%	15.1%	10.7%	14.7%
Call IV 25d	30.9%	25.7%	36.7%	26.2%	34.0%
Put IV 25d	36.5%	30.4%	44.4%	31.7%	41.3%
Bid-Ask Spread %	1.31	1.08	1.46	1.30	1.29
Gamma HHI	0.08	0.05	0.29	0.05	0.08
Net GEX	-201.3M	-630.3M	163.5M	163.5M	-312.2M
Net DEX	3.91B	-5.73B	10.24B	-5.73B	6.53B
Net VEX	-129.3M	-146.5M	-111.7M	-146.5M	-117.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.10	0.75	1.62	1.01	1.45
Total Volume	1,228,188.619	705,426	1,883,653	987,159	1,282,547
Total OI	7,774,756.381	6,962,680	8,308,470	8,091,511	7,660,786

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
2022-12-01	$148.74	$150.00	28.9%	9.0%	44.8%	30.3%	32.2%	5.6%	0.1%	163.5M	-5.73B	-146.5M	1.01	1.30	N/A	N/A	491,296	495,863	4,046,113	4,045,398
2022-12-02	$147.28	$150.00	28.4%	8.8%	41.6%	27.9%	31.1%	4.7%	0.4%	-22.4M	-3.45B	-143.7M	0.97	1.35	N/A	N/A	477,871	465,720	4,093,538	4,102,737
2022-12-05	$146.03	$150.00	30.6%	9.0%	41.5%	37.7%	31.5%	5.2%	0.8%	-98.7M	-1.50B	-142.7M	0.75	1.22	N/A	N/A	595,887	448,199	3,903,937	3,927,148
2022-12-06	$142.69	$150.00	32.5%	9.3%	42.5%	45.9%	33.0%	4.9%	0.9%	-240.8M	2.71B	-139.6M	0.98	1.25	N/A	N/A	483,932	475,696	4,007,185	3,997,162
2022-12-07	$140.49	$150.00	33.8%	9.8%	42.8%	52.0%	33.0%	5.1%	0.9%	-328.5M	5.44B	-137.3M	1.53	1.38	N/A	N/A	516,877	789,115	4,051,225	4,027,267
2022-12-08	$142.44	$145.00	32.6%	9.7%	40.7%	46.8%	32.5%	5.4%	0.9%	-209.3M	2.23B	-139.2M	0.97	1.28	N/A	N/A	432,889	417,800	4,153,858	4,034,957
2022-12-09	$142.79	$145.00	32.4%	9.2%	30.0%	45.9%	33.1%	5.5%	1.2%	-150.8M	1.80B	-138.4M	0.93	1.29	N/A	N/A	602,820	560,574	4,189,020	4,050,948
2022-12-12	$143.88	$145.00	34.1%	9.6%	28.5%	53.2%	34.1%	5.9%	-0.9%	-98.0M	67.5M	-137.2M	0.90	1.08	N/A	N/A	371,192	334,234	3,976,962	3,867,305
2022-12-13	$145.90	$145.00	31.9%	9.2%	29.1%	43.7%	32.4%	5.2%	-0.1%	-439.3K	-2.53B	-138.6M	1.18	1.24	N/A	N/A	534,709	633,163	4,059,701	3,942,038
2022-12-14	$142.89	$145.00	31.6%	8.8%	29.7%	42.3%	31.0%	5.3%	-1.1%	-199.1M	2.07B	-133.5M	1.08	1.26	N/A	N/A	525,675	568,891	4,094,090	4,002,619
2022-12-15	$136.26	$145.00	35.0%	9.9%	33.7%	57.2%	33.9%	5.5%	-0.4%	-431.0M	9.52B	-126.4M	0.97	1.29	N/A	N/A	758,163	735,946	4,160,259	4,014,181
2022-12-16	$135.03	$145.00	34.4%	9.8%	33.3%	54.7%	33.7%	5.1%	-0.5%	-630.3M	9.96B	-125.2M	1.18	1.23	N/A	N/A	796,964	937,273	4,286,123	4,022,347
2022-12-19	$131.84	$145.00	34.4%	9.8%	33.4%	54.8%	34.2%	5.1%	1.3%	-271.1M	9.04B	-118.4M	0.88	1.43	N/A	N/A	644,201	567,773	3,519,541	3,443,139
2022-12-20	$132.31	$145.00	34.0%	9.7%	32.9%	52.6%	34.4%	5.0%	1.1%	-223.0M	7.47B	-120.0M	0.83	1.44	N/A	N/A	647,969	540,021	3,710,851	3,483,773
2022-12-21	$135.38	$143.00	32.1%	9.2%	33.8%	44.3%	27.2%	5.0%	1.1%	-38.2M	2.82B	-124.3M	1.55	1.41	N/A	N/A	707,431	1,095,622	3,821,668	3,479,717
2022-12-22	$131.46	$140.00	35.2%	10.0%	34.6%	58.0%	34.1%	5.2%	1.6%	-288.9M	6.78B	-120.8M	1.30	1.46	N/A	N/A	643,889	835,375	3,897,263	3,535,690
2022-12-23	$131.50	$140.00	34.9%	9.8%	34.4%	56.7%	34.1%	5.3%	1.7%	-264.7M	6.59B	-119.7M	0.93	1.44	N/A	N/A	645,362	598,367	3,986,742	3,570,343
2022-12-27	$130.30	$140.00	37.2%	10.3%	33.6%	67.0%	35.4%	6.6%	1.5%	-187.1M	6.92B	-116.1M	1.14	1.42	N/A	N/A	440,811	502,490	3,787,531	3,418,757
2022-12-28	$126.00	$140.00	40.6%	11.5%	34.5%	82.1%	38.6%	7.7%	1.0%	-291.2M	10.24B	-111.7M	1.62	1.23	N/A	N/A	719,085	1,164,568	3,882,460	3,484,806
2022-12-29	$130.05	$140.00	37.6%	10.6%	31.8%	68.8%	36.9%	7.4%	1.9%	-104.8M	5.22B	-117.9M	1.01	1.25	N/A	N/A	648,757	656,944	4,002,367	3,528,332
2022-12-30	$129.19	$140.00	38.6%	10.6%	31.3%	73.0%	38.2%	7.3%	2.7%	-312.2M	6.53B	-117.1M	1.45	1.29	N/A	N/A	522,857	759,690	4,041,460	3,619,326