AAPL Options History — May 2023

In May 2023, AAPL traded between $165.64 and $179.26. ATM implied volatility averaged 22.0%, placing in the 8.4% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded below realized volatility by 0.6% (HV 20d: 22.6%). Max pain ranged from $155.00 to $160.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.71.

Notable Days

  • 2023-05-05: Highest Volume — 2,206,749 contracts
  • 2023-05-05: Largest IV drop — 31.6% change
  • 2023-05-04: Highest IV Rank — 36.2%
  • 2023-05-03: Largest Expected Move — 9.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$172.85$165.64$179.26$169.62$179.26
Max Pain$157.50$155.00$160.00$155.00$160.00
ATM IV22.0%19.2%30.3%26.4%22.1%
Expected Move6.6%5.5%9.3%8.5%7.0%
HV 20d22.6%19.4%26.2%19.5%21.6%
HV 60d22.3%20.6%23.3%22.8%20.6%
IV Rank8.4%0.0%36.2%19.2%11.3%
IV Percentile5.2%0.0%36.5%12.3%6.3%
Term Structure0.0%-0.7%0.9%-0.5%-0.4%
VWIV23.9%20.4%32.3%29.4%25.4%
Skew 25d5.0%3.3%6.1%5.8%3.3%
Skew 10d10.0%6.8%13.0%10.9%6.8%
Call IV 25d19.8%17.2%27.4%23.5%21.0%
Put IV 25d24.8%21.6%33.3%29.2%24.3%
Bid-Ask Spread %2.051.552.752.652.05
Gamma HHI0.140.070.570.100.12
Net GEX776.4M298.9M2.88B490.0M1.27B
Net DEX-21.56B-28.51B-14.67B-19.78B-28.51B
Net VEX-143.4M-150.6M-134.3M-140.8M-150.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.401.020.600.56
Total Volume848,136.318448,0032,206,749573,7391,014,263
Total OI6,784,335.5456,273,9987,219,6206,273,9987,010,441

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$169.62$155.0026.4%8.5%19.5%19.2%29.4%5.8%-0.5%490.0M-19.78B-140.8M0.602.65N/AN/A357,582216,1573,136,7473,137,251
2023-05-02$168.57$155.0026.3%8.8%19.4%18.8%30.7%6.1%-0.3%459.8M-18.46B-142.5M0.922.28N/AN/A243,950225,5433,250,9323,200,360
2023-05-03$167.74$155.0027.3%9.3%19.4%22.9%32.3%6.1%-0.7%421.5M-17.55B-141.7M0.792.43N/AN/A404,620317,9153,274,1783,231,706
2023-05-04$165.64$155.0030.3%8.5%19.6%36.2%30.7%5.9%-0.7%298.9M-14.67B-144.6M0.992.75N/AN/A631,409623,3603,379,4963,315,332
2023-05-05$174.03$155.0020.7%6.3%26.2%0.0%23.4%5.1%0.5%750.1M-26.75B-134.3M0.802.10N/AN/A1,225,741981,0083,518,5423,500,296
2023-05-08$173.55$155.0020.5%6.1%25.3%0.0%23.2%4.9%0.8%674.6M-23.20B-140.2M0.902.29N/AN/A365,191328,8493,343,6553,387,831
2023-05-09$172.01$155.0021.8%6.5%25.4%5.5%22.8%4.8%0.8%538.9M-21.42B-140.1M0.932.55N/AN/A248,253231,2793,417,1233,441,654
2023-05-10$173.66$155.0019.5%5.8%25.4%0.0%21.9%5.3%0.7%752.2M-23.31B-139.5M0.691.85N/AN/A485,118332,7913,439,2433,467,205
2023-05-11$173.75$155.0020.0%5.9%22.8%2.2%22.8%4.9%0.8%741.0M-23.56B-140.1M0.401.55N/AN/A919,492366,6603,498,9703,510,431
2023-05-12$172.38$155.0021.7%6.4%23.0%8.9%22.4%5.0%0.9%356.9M-19.44B-142.9M0.851.93N/AN/A463,397394,4233,436,3813,589,243
2023-05-15$171.91$155.0021.3%6.1%23.1%7.2%21.6%4.9%-0.3%577.2M-19.51B-141.0M0.761.81N/AN/A254,718193,2853,346,6573,421,887
2023-05-16$172.51$160.0019.6%5.6%23.0%0.5%21.3%5.1%-0.1%707.9M-20.52B-142.5M1.021.76N/AN/A254,164258,7573,428,5013,472,616
2023-05-17$172.68$160.0019.4%5.5%23.0%0.0%20.9%4.6%-0.0%764.4M-20.86B-142.2M0.552.00N/AN/A532,654295,0223,473,6273,492,683
2023-05-18$174.97$160.0019.4%5.6%23.0%0.2%20.8%4.5%-0.3%1.14B-24.46B-141.1M0.521.70N/AN/A651,542341,9893,537,6833,541,069
2023-05-19$175.13$160.0019.2%5.5%22.7%0.0%20.4%4.3%-0.2%2.88B-24.64B-142.7M0.631.56N/AN/A572,231362,3343,598,6583,620,962
2023-05-22$174.41$160.0019.7%5.7%22.8%1.8%21.5%4.9%0.1%617.5M-20.73B-145.3M0.852.38N/AN/A309,408263,5413,273,3203,073,140
2023-05-23$171.94$160.0021.4%6.0%23.3%8.9%21.9%5.2%-0.0%416.9M-17.49B-147.0M0.631.77N/AN/A367,029231,0003,347,5983,145,042
2023-05-24$171.91$160.0022.9%6.5%23.2%14.7%23.5%6.1%-0.0%508.5M-17.92B-148.8M0.731.92N/AN/A396,731290,2093,443,5683,176,732
2023-05-25$173.78$160.0021.7%6.5%21.3%9.9%22.5%5.0%0.0%816.4M-21.19B-148.8M0.501.72N/AN/A521,860262,6063,541,0183,212,888
2023-05-26$175.59$160.0021.6%6.5%21.5%9.6%22.6%4.8%0.0%847.4M-24.34B-149.3M0.441.77N/AN/A666,064294,2063,602,2493,263,983
2023-05-30$177.56$160.0021.0%6.7%21.7%7.1%23.7%4.0%-0.4%1.06B-25.93B-148.2M0.452.24N/AN/A663,537299,1113,554,0293,200,455
2023-05-31$179.26$160.0022.1%7.0%21.6%11.3%25.4%3.3%-0.4%1.27B-28.51B-150.6M0.562.05N/AN/A650,404363,8593,724,3083,286,133