AAPL Options History — September 2023

In September 2023, AAPL traded between $170.03 and $189.94. ATM implied volatility averaged 21.8%, placing in the 16.9% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded below realized volatility by 4.0% (HV 20d: 25.8%). Max pain ranged from $175.00 to $180.00. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.82.

Notable Days

  • 2023-09-07: Highest Volume — 2,335,148 contracts
  • 2023-09-06: Largest IV spike — 15.6% change
  • 2023-09-26: Highest IV Rank — 31.1%
  • 2023-09-26: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$177.02$170.03$189.94$189.05$171.01
Max Pain$178.13$175.00$180.00$175.00$175.00
ATM IV21.8%18.1%25.7%18.1%24.9%
Expected Move6.2%5.1%7.2%5.1%6.7%
HV 20d25.8%20.4%28.6%22.0%22.5%
HV 60d22.0%19.7%22.7%20.0%22.4%
IV Rank16.9%3.3%31.1%3.3%28.2%
IV Percentile23.2%4.0%42.5%4.0%39.3%
Term Structure0.8%-0.4%3.8%0.2%3.8%
VWIV21.8%18.7%25.4%18.7%22.9%
Skew 25d3.6%2.3%5.0%2.3%5.0%
Skew 10d8.0%5.5%11.5%5.5%10.4%
Call IV 25d20.2%17.5%22.7%17.5%21.2%
Put IV 25d23.8%19.7%27.7%19.7%26.1%
Bid-Ask Spread %1.951.282.921.992.85
Gamma HHI0.080.060.160.150.10
Net GEX119.6M-335.3M1.25B1.25B-172.7M
Net DEX-8.33B-29.22B964.4M-29.22B-2.08B
Net VEX-164.3M-169.8M-157.2M-161.4M-157.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.521.260.660.75
Total Volume1,222,219.3645,3992,335,1481,123,078837,081
Total OI7,565,964.46,939,3748,370,9777,660,1947,384,495

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$189.05$175.0018.1%5.1%22.0%3.3%18.7%2.3%0.2%1.25B-29.22B-161.4M0.661.99N/AN/A678,021445,0574,074,7783,585,416
2023-09-05$189.94$180.0019.1%5.5%20.4%7.0%19.9%2.8%0.0%1.05B-27.29B-169.3M0.631.93N/AN/A519,541325,0873,874,0213,478,368
2023-09-06$182.19$180.0022.1%6.2%25.7%17.8%21.6%3.2%-0.4%252.1M-13.64B-169.8M0.841.93N/AN/A920,891771,6293,975,3333,564,153
2023-09-07$177.94$180.0022.9%6.5%26.9%21.0%23.7%3.2%-0.2%-70.2M-6.97B-167.9M0.861.74N/AN/A1,256,7831,078,3654,126,8753,619,236
2023-09-08$177.99$180.0021.6%6.1%26.9%16.2%22.2%3.0%-0.3%309.9M-8.66B-169.7M0.642.04N/AN/A994,749635,1804,358,6313,771,656
2023-09-11$179.61$180.0021.2%6.0%27.1%14.8%21.0%3.2%-0.2%372.3M-12.12B-166.9M0.521.71N/AN/A581,822304,8324,114,8663,612,360
2023-09-12$176.01$180.0021.7%6.1%27.9%16.4%21.1%3.2%-0.3%36.1M-6.14B-163.9M0.741.91N/AN/A1,112,241822,4314,227,2703,686,605
2023-09-13$174.89$180.0020.5%5.9%27.8%12.3%20.5%3.3%-0.2%-152.2M-4.12B-159.7M1.021.54N/AN/A823,168840,9554,342,9753,810,407
2023-09-14$175.76$180.0019.5%5.6%27.8%8.6%19.8%2.7%0.0%96.2M-7.40B-162.7M0.742.32N/AN/A672,473495,0474,479,4553,795,527
2023-09-15$174.82$180.0020.0%5.8%27.1%10.4%20.6%3.0%-0.0%-335.3M-5.06B-163.0M0.741.79N/AN/A740,685549,2704,524,7533,846,224
2023-09-18$178.03$180.0020.0%5.8%27.7%10.5%20.5%3.0%-0.4%338.3M-9.55B-164.3M0.701.28N/AN/A733,650515,9793,667,4943,271,880
2023-09-19$179.34$180.0019.8%5.7%27.7%9.6%20.7%3.3%0.3%408.2M-11.34B-165.4M0.741.55N/AN/A449,443330,3643,747,0203,402,014
2023-09-20$175.75$180.0021.5%6.2%28.6%15.8%21.4%3.4%0.1%-22.1M-5.44B-165.5M0.811.75N/AN/A478,203389,7403,812,2793,463,779
2023-09-21$174.41$177.5022.0%6.3%27.4%17.7%23.4%4.0%0.3%-176.8M-3.71B-164.3M1.041.92N/AN/A489,732509,0183,881,8103,469,166
2023-09-22$175.06$175.0022.2%6.3%25.6%18.3%21.2%4.4%0.2%-227.1M-5.15B-167.2M0.792.19N/AN/A596,128471,9373,946,8753,511,947
2023-09-25$175.55$175.0023.4%6.7%25.0%22.6%23.6%5.0%3.3%65.0M-6.34B-164.3M0.851.92N/AN/A348,372297,0273,722,2163,353,203
2023-09-26$172.24$175.0025.7%7.2%25.6%31.1%25.4%5.0%2.8%-170.1M-2.02B-164.6M1.112.92N/AN/A508,947564,8853,817,5713,397,677
2023-09-27$170.03$175.0025.0%7.1%23.7%28.4%24.9%5.0%3.1%-305.1M964.4M-160.6M1.261.77N/AN/A593,489750,7043,868,9973,421,172
2023-09-28$170.75$175.0024.8%6.9%22.9%27.7%23.8%4.9%3.4%-146.9M-1.37B-159.2M0.911.88N/AN/A529,744481,7163,939,3253,371,459
2023-09-29$171.01$175.0024.9%6.7%22.5%28.2%22.9%5.0%3.8%-172.7M-2.08B-157.2M0.752.85N/AN/A477,166359,9153,979,7963,404,699