AAPL Options History — January 2024

In January 2024, AAPL traded between $180.75 and $195.03. ATM implied volatility averaged 23.0%, placing in the 37.0% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 2.0% (HV 20d: 21.1%). Max pain ranged from $180.00 to $190.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.73.

Notable Days

2024-01-18: Highest Volume — 1,462,070 contracts
2024-01-04: Largest IV spike — 5.0% change
2024-01-31: Highest IV Rank — 54.2%
2024-01-31: Largest Expected Move — 8.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$187.58	$180.75	$195.03	$184.84	$185.20
Max Pain	$187.62	$180.00	$190.00	$180.00	$190.00
ATM IV	23.0%	21.5%	25.3%	22.9%	25.3%
Expected Move	6.7%	5.2%	8.5%	5.5%	8.5%
HV 20d	21.1%	18.2%	24.8%	19.5%	20.7%
HV 60d	18.5%	17.7%	19.7%	17.9%	18.5%
IV Rank	37.0%	28.2%	54.2%	28.2%	54.2%
IV Percentile	50.9%	38.5%	67.1%	48.8%	67.1%
Term Structure	-0.7%	-1.0%	-0.3%	-0.3%	-0.9%
VWIV	23.5%	18.4%	29.7%	19.3%	29.7%
Skew 25d	3.2%	2.4%	3.9%	3.9%	2.6%
Skew 10d	6.5%	5.5%	7.6%	7.6%	5.5%
Call IV 25d	21.7%	20.3%	24.2%	21.6%	24.2%
Put IV 25d	24.8%	22.7%	26.8%	25.5%	26.8%
Bid-Ask Spread %	1.44	1.03	2.00	1.28	1.94
Gamma HHI	0.09	0.06	0.13	0.06	0.07
Net GEX	354.2M	-293.3M	995.7M	-71.5M	113.2M
Net DEX	-12.64B	-24.08B	-4.74B	-8.36B	-5.25B
Net VEX	-135.5M	-142.4M	-127.1M	-134.0M	-142.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.73	0.42	1.25	0.80	0.72
Total Volume	868,376.714	507,586	1,462,070	1,298,434	719,315
Total OI	6,098,211.143	4,933,993	6,876,277	6,259,679	5,442,845

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
2024-01-02	$184.84	$180.00	22.9%	5.5%	19.5%	28.2%	19.3%	3.9%	-0.3%	-71.5M	-8.36B	-134.0M	0.80	1.28	N/A	N/A	719,931	578,503	3,336,151	2,923,528
2024-01-03	$184.24	$180.00	23.0%	5.2%	19.3%	28.7%	18.4%	3.7%	-0.7%	6.0M	-8.20B	-134.2M	1.24	1.08	N/A	N/A	460,285	571,836	3,483,559	2,960,731
2024-01-04	$182.16	$190.00	24.2%	6.6%	18.2%	32.9%	22.7%	3.9%	-0.7%	-222.7M	-6.04B	-133.6M	0.89	1.03	N/A	N/A	639,710	570,091	3,587,664	2,973,571
2024-01-05	$180.75	$190.00	23.7%	6.5%	18.3%	32.6%	22.2%	3.7%	-0.7%	-293.3M	-4.74B	-132.3M	0.89	1.08	N/A	N/A	546,717	488,236	3,676,547	3,025,470
2024-01-08	$185.06	$190.00	22.9%	6.3%	20.2%	29.8%	22.3%	3.5%	-0.6%	239.2M	-12.30B	-132.8M	0.49	1.11	N/A	N/A	607,471	298,639	3,485,740	2,934,904
2024-01-09	$184.66	$190.00	23.0%	6.4%	19.8%	34.2%	22.5%	3.5%	-0.7%	230.3M	-11.76B	-134.1M	0.68	1.04	N/A	N/A	341,325	231,458	3,584,811	2,988,295
2024-01-10	$185.72	$190.00	22.9%	6.4%	19.6%	33.9%	22.0%	3.4%	-0.7%	407.3M	-13.67B	-133.6M	0.76	1.31	N/A	N/A	411,386	313,786	3,626,910	3,013,313
2024-01-11	$185.38	$190.00	22.6%	6.3%	19.3%	32.4%	21.8%	3.3%	-0.8%	324.3M	-12.94B	-133.1M	0.54	1.37	N/A	N/A	518,891	281,716	3,685,670	3,026,012
2024-01-12	$185.66	$185.00	22.7%	6.3%	18.3%	34.7%	22.2%	3.4%	-0.9%	319.2M	-13.92B	-133.4M	0.64	1.82	N/A	N/A	345,551	222,326	3,744,023	3,058,296
2024-01-16	$183.39	$185.00	23.4%	6.6%	18.4%	40.8%	23.7%	3.8%	-0.8%	50.2M	-9.85B	-128.6M	0.76	1.26	N/A	N/A	513,518	390,907	3,585,166	2,965,557
2024-01-17	$182.56	$185.00	23.6%	6.8%	18.3%	42.1%	24.8%	3.8%	-1.0%	30.2M	-9.13B	-127.1M	1.25	1.27	N/A	N/A	389,512	486,920	3,641,224	2,971,457
2024-01-18	$188.78	$185.00	22.8%	6.6%	22.5%	38.2%	23.5%	3.1%	-1.0%	930.5M	-19.77B	-130.6M	0.60	1.33	N/A	N/A	913,519	548,551	3,687,355	2,989,547
2024-01-19	$191.47	$185.00	22.3%	6.5%	23.2%	35.9%	23.1%	3.1%	-0.9%	627.4M	-24.08B	-132.8M	0.42	1.35	N/A	N/A	940,830	393,189	3,781,113	3,095,164
2024-01-22	$193.63	$185.00	22.1%	6.7%	23.6%	34.6%	23.6%	2.6%	-0.5%	834.2M	-16.77B	-137.3M	0.51	1.46	N/A	N/A	666,447	339,103	2,728,430	2,205,563
2024-01-23	$194.82	$190.00	21.5%	6.5%	23.6%	33.7%	23.2%	2.4%	-0.6%	980.5M	-18.55B	-138.5M	0.56	2.00	N/A	N/A	361,478	202,298	2,874,055	2,287,184
2024-01-24	$195.03	$190.00	21.8%	6.7%	23.6%	35.6%	23.4%	2.7%	-0.7%	995.7M	-18.68B	-140.4M	0.58	1.61	N/A	N/A	402,225	234,970	2,942,523	2,344,107
2024-01-25	$193.87	$190.00	22.3%	6.9%	23.7%	38.2%	24.6%	2.6%	-0.7%	768.8M	-16.25B	-142.0M	0.76	1.80	N/A	N/A	425,699	323,308	2,988,124	2,392,392
2024-01-26	$192.06	$190.00	23.0%	7.1%	23.9%	42.1%	25.0%	2.6%	-0.9%	377.7M	-13.51B	-141.8M	0.67	1.66	N/A	N/A	401,668	270,835	3,047,514	2,450,593
2024-01-29	$191.84	$190.00	23.8%	7.6%	23.8%	46.2%	27.0%	2.7%	-0.8%	505.5M	-13.04B	-142.1M	0.73	1.78	N/A	N/A	293,008	214,578	2,868,166	2,330,912
2024-01-30	$188.00	$190.00	24.2%	8.2%	24.8%	48.4%	28.5%	2.7%	-0.8%	285.0M	-8.57B	-141.8M	0.91	1.61	N/A	N/A	343,164	313,011	2,945,024	2,383,224
2024-01-31	$185.20	$190.00	25.3%	8.5%	20.7%	54.2%	29.7%	2.6%	-0.9%	113.2M	-5.25B	-142.4M	0.72	1.94	N/A	N/A	417,181	302,134	2,996,786	2,446,059