AAPL Options History — December 2023

In December 2023, AAPL traded between $189.41 and $198.09. ATM implied volatility averaged 16.3%, placing in the 3.5% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 2.6% (HV 20d: 13.7%). Max pain ranged from $175.00 to $180.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.67.

Notable Days

  • 2023-12-14: Highest Volume — 1,153,639 contracts
  • 2023-12-18: Largest IV spike — 7.5% change
  • 2023-12-29: Highest IV Rank — 9.3%
  • 2023-12-27: Largest Expected Move — 5.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$194.25$189.41$198.09$191.03$192.53
Max Pain$177.00$175.00$180.00$180.00$180.00
ATM IV16.3%15.2%17.7%15.8%17.7%
Expected Move4.7%4.4%5.0%4.7%4.6%
HV 20d13.7%12.9%15.3%14.7%13.2%
HV 60d16.5%15.7%17.5%17.1%15.7%
IV Rank3.5%0.0%9.3%0.2%9.3%
IV Percentile5.7%0.0%15.5%0.8%15.5%
Term Structure1.1%0.0%4.7%0.3%4.7%
VWIV17.1%15.9%18.6%16.6%16.5%
Skew 25d2.2%1.6%2.9%2.3%2.7%
Skew 10d4.7%3.2%6.3%3.9%6.0%
Call IV 25d15.4%14.4%16.6%14.4%15.4%
Put IV 25d17.6%16.5%19.3%16.7%18.1%
Bid-Ask Spread %1.221.041.611.121.21
Gamma HHI0.130.090.210.110.10
Net GEX979.6M506.5M1.59B748.4M506.5M
Net DEX-25.65B-34.42B-19.98B-23.69B-19.98B
Net VEX-142.0M-146.4M-135.7M-140.5M-139.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.510.990.890.59
Total Volume763,613.9492,8141,153,639653,464686,147
Total OI6,835,617.056,115,2717,525,1657,090,1266,587,892

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$191.03$180.0015.8%4.7%14.7%0.2%16.6%2.3%0.3%748.4M-23.69B-140.5M0.891.12N/AN/A346,644306,8203,583,2613,506,865
2023-12-04$189.41$175.0016.1%4.8%14.9%1.5%18.6%2.5%0.4%555.9M-20.32B-140.0M0.991.07N/AN/A302,473299,7193,465,1973,323,018
2023-12-05$192.88$175.0016.0%4.7%15.3%0.8%17.8%2.4%0.5%1.06B-26.03B-142.2M0.771.12N/AN/A630,809484,4743,522,7393,383,090
2023-12-06$192.43$175.0016.7%4.9%14.5%3.6%17.2%2.1%0.4%866.3M-25.06B-144.0M0.631.15N/AN/A384,286242,1673,635,7123,490,635
2023-12-07$194.13$175.0015.9%4.7%14.6%0.7%18.1%2.3%0.5%1.38B-28.44B-144.8M0.861.04N/AN/A454,522391,1443,701,7713,516,588
2023-12-08$195.69$175.0015.7%4.6%14.3%0.0%17.1%2.1%0.4%1.16B-31.54B-142.4M0.751.14N/AN/A505,263380,2113,739,3443,597,226
2023-12-11$192.94$175.0016.1%4.7%13.8%1.5%17.3%2.1%0.0%814.0M-25.40B-141.9M0.531.30N/AN/A466,982246,5683,641,7243,481,464
2023-12-12$194.34$175.0015.4%4.5%13.6%0.0%16.0%2.0%0.1%1.17B-28.98B-138.5M0.691.09N/AN/A347,222241,2453,734,0493,490,249
2023-12-13$197.16$175.0016.0%4.6%13.4%2.1%15.9%2.0%0.1%1.51B-34.00B-135.7M0.601.06N/AN/A698,928420,3153,755,5453,508,528
2023-12-14$197.97$175.0015.5%4.5%13.4%0.4%16.3%2.0%0.1%1.59B-34.42B-139.1M0.651.16N/AN/A700,542453,0973,812,4363,591,867
2023-12-15$198.09$175.0015.2%4.4%13.2%0.0%16.1%1.6%0.0%1.34B-33.82B-141.2M0.621.14N/AN/A464,205286,2883,852,3823,672,783
2023-12-18$196.13$175.0016.3%4.7%13.9%4.2%16.6%1.8%0.2%991.7M-25.28B-141.0M0.611.33N/AN/A516,866314,6603,299,0822,816,189
2023-12-19$196.38$175.0016.0%4.6%13.5%3.0%16.6%1.8%0.7%1.16B-25.66B-144.1M0.591.27N/AN/A310,168182,6463,403,8382,891,639
2023-12-20$195.53$180.0016.7%4.8%13.3%5.6%17.2%2.3%0.3%966.1M-24.21B-144.7M0.791.61N/AN/A375,851295,2783,452,9982,945,139
2023-12-21$194.72$180.0017.1%4.9%13.3%6.9%17.4%2.0%0.4%726.8M-22.57B-146.4M0.611.36N/AN/A539,808328,0613,496,3222,985,816
2023-12-22$193.76$180.0016.9%4.8%12.9%6.5%17.3%2.1%0.5%718.1M-21.27B-146.4M0.581.23N/AN/A437,675252,8243,595,7863,023,854
2023-12-26$193.19$180.0017.2%5.0%13.0%7.4%18.0%2.9%4.3%657.4M-20.30B-143.0M0.521.27N/AN/A345,733178,6343,387,2172,898,556
2023-12-27$192.88$180.0017.2%5.0%13.0%7.5%17.5%2.7%4.3%677.5M-20.05B-142.8M0.551.27N/AN/A543,913299,9523,457,7162,946,429
2023-12-28$193.76$180.0017.4%4.6%13.0%8.3%17.1%2.4%4.4%1.00B-22.09B-141.6M0.511.38N/AN/A402,903207,2353,542,6012,974,794
2023-12-29$192.53$180.0017.7%4.6%13.2%9.3%16.5%2.7%4.7%506.5M-19.98B-139.1M0.591.21N/AN/A431,470254,6773,573,9373,013,955