AAPL Options History — March 2023

In March 2023, AAPL traded between $145.63 and $164.36. ATM implied volatility averaged 27.1%, placing in the 22.2% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 1.9% (HV 20d: 25.2%). Max pain ranged from $140.00 to $150.00. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 0.94.

Notable Days

  • 2023-03-06: Highest Volume — 1,466,632 contracts
  • 2023-03-09: Largest IV spike — 10.3% change
  • 2023-03-13: Highest IV Rank — 39.6%
  • 2023-03-13: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$154.94$145.63$164.36$145.63$164.36
Max Pain$146.52$140.00$150.00$140.00$150.00
ATM IV27.1%24.8%31.0%28.2%24.8%
Expected Move7.6%6.1%8.7%8.1%6.1%
HV 20d25.2%22.3%27.2%26.5%22.3%
HV 60d27.2%23.6%29.5%28.3%23.7%
IV Rank22.2%12.0%39.6%26.9%12.0%
IV Percentile13.5%3.2%34.5%15.5%3.2%
Term Structure0.8%-0.6%3.9%-0.4%3.4%
VWIV27.4%22.7%31.3%29.5%22.7%
Skew 25d5.8%4.0%7.1%5.0%6.3%
Skew 10d11.4%7.7%14.0%9.5%12.4%
Call IV 25d24.0%21.0%27.8%25.8%21.0%
Put IV 25d29.8%27.3%33.6%30.7%27.3%
Bid-Ask Spread %1.551.232.511.331.56
Gamma HHI0.090.050.410.050.21
Net GEX417.7M-103.1M1.33B-41.6M935.8M
Net DEX-13.81B-21.07B-5.21B-5.21B-21.07B
Net VEX-140.1M-147.0M-131.5M-131.7M-141.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.741.360.990.81
Total Volume923,713.609598,8191,466,632755,4091,067,114
Total OI6,815,265.8266,037,8297,501,2076,693,3876,745,608

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$145.63$140.0028.2%8.1%26.5%26.9%29.5%5.0%-0.4%-41.6M-5.21B-131.7M0.991.33N/AN/A379,700375,7093,430,4063,262,981
2023-03-02$146.26$140.0027.2%7.8%25.7%22.5%27.3%4.8%-0.4%67.6M-6.55B-131.5M0.781.28N/AN/A402,204312,6243,504,8373,297,259
2023-03-03$150.91$140.0025.8%7.3%26.8%16.6%25.4%4.4%-0.3%262.2M-13.86B-132.7M0.851.63N/AN/A713,873603,5103,562,2483,335,410
2023-03-06$154.16$145.0025.6%7.3%25.1%15.7%27.3%4.4%0.1%459.0M-16.57B-134.0M0.841.27N/AN/A798,721667,9113,442,7723,269,375
2023-03-07$151.49$145.0026.1%7.6%24.7%17.9%27.4%4.3%-0.1%213.0M-12.59B-136.2M1.031.23N/AN/A417,024430,4443,591,9373,440,759
2023-03-08$153.08$145.0025.9%7.2%24.1%17.0%26.1%4.0%0.0%399.4M-15.22B-136.7M1.111.26N/AN/A287,049319,9413,660,2283,465,161
2023-03-09$150.53$145.0028.6%8.0%24.2%28.8%28.1%4.8%-0.2%141.8M-11.23B-137.7M0.991.84N/AN/A467,900463,7793,700,5983,525,652
2023-03-10$147.71$145.0030.6%8.4%25.1%37.6%30.8%5.8%-0.3%-103.1M-6.83B-138.9M1.361.33N/AN/A487,073662,5663,742,0393,528,655
2023-03-13$151.06$145.0031.0%8.7%26.4%39.6%31.3%6.4%-0.5%270.9M-11.92B-139.9M1.191.44N/AN/A407,883485,4653,611,5753,384,278
2023-03-14$151.50$145.0028.5%8.3%25.5%28.3%28.3%6.2%0.6%319.8M-12.66B-139.0M0.811.30N/AN/A436,221354,8143,713,3403,463,955
2023-03-15$152.20$145.0029.9%8.6%25.6%34.5%30.9%6.8%0.2%390.7M-13.44B-143.2M1.191.80N/AN/A387,108461,2103,824,0083,502,275
2023-03-16$156.17$145.0027.4%7.7%27.1%23.7%28.0%6.0%-0.6%708.9M-19.38B-139.6M0.991.79N/AN/A564,548558,3083,790,1843,589,745
2023-03-17$155.00$145.0028.7%8.2%27.1%29.4%29.8%7.1%-0.2%1.33B-16.70B-143.0M0.891.79N/AN/A686,114613,6103,802,2983,698,909
2023-03-20$157.38$150.0027.5%7.8%27.2%23.8%28.0%6.7%0.2%353.9M-13.37B-141.9M0.781.43N/AN/A451,379353,5713,059,2172,978,612
2023-03-21$159.20$150.0025.0%7.2%25.7%13.0%26.4%6.1%0.3%475.9M-15.55B-142.4M0.741.55N/AN/A503,897374,2693,157,4973,089,268
2023-03-22$159.24$150.0025.4%7.3%25.7%14.7%26.8%6.2%0.4%502.8M-15.65B-142.7M0.811.84N/AN/A592,474481,5893,216,4163,197,502
2023-03-23$159.03$150.0026.5%7.6%25.6%19.7%27.8%6.8%0.6%399.8M-14.65B-145.9M0.972.51N/AN/A506,955490,8173,263,9533,261,896
2023-03-24$159.94$150.0026.6%7.6%23.5%19.8%26.8%6.7%0.5%891.6M-15.80B-147.0M0.971.82N/AN/A485,292472,6203,319,1923,336,338
2023-03-27$158.66$150.0027.4%7.8%23.7%23.5%27.3%6.6%3.3%268.7M-13.39B-144.5M0.961.23N/AN/A354,114340,8023,124,9303,192,240
2023-03-28$157.20$150.0026.2%7.3%24.1%18.3%25.3%6.3%3.6%192.9M-11.57B-144.2M0.751.59N/AN/A341,247257,5723,207,8213,282,314
2023-03-29$160.91$150.0025.0%6.9%24.0%12.9%24.5%6.4%3.9%551.4M-16.64B-142.7M0.921.34N/AN/A352,630323,8753,251,5393,283,194
2023-03-30$162.03$150.0025.3%6.6%24.0%14.0%24.5%6.5%3.6%617.1M-17.74B-143.9M0.941.40N/AN/A386,904362,9833,291,6373,351,056
2023-03-31$164.36$150.0024.8%6.1%22.3%12.0%22.7%6.3%3.4%935.8M-21.07B-141.9M0.811.56N/AN/A590,652476,4623,334,8253,410,783