AAPL Options History — January 2025

In January 2025, AAPL traded between $221.61 and $244.59. ATM implied volatility averaged 26.8%, placing in the 52.4% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 2.4% (HV 20d: 24.4%). Max pain ranged from $200.00 to $240.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.69.

Notable Days

2025-01-31: Highest Volume — 2,528,476 contracts
2025-01-16: Largest IV spike — 16.9% change
2025-01-27: Highest IV Rank — 63.3%
2025-01-29: Largest Expected Move — 8.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$234.21	$221.61	$244.59	$243.55	$234.14
Max Pain	$231.38	$200.00	$240.00	$200.00	$235.00
ATM IV	26.8%	23.6%	29.2%	25.1%	24.5%
Expected Move	7.5%	5.5%	8.8%	6.0%	7.1%
HV 20d	24.4%	18.7%	32.0%	18.8%	31.9%
HV 60d	19.4%	16.8%	22.8%	17.3%	22.2%
IV Rank	52.4%	37.9%	63.3%	44.4%	41.8%
IV Percentile	82.6%	60.3%	98.0%	69.8%	60.7%
Term Structure	-0.9%	-1.5%	0.2%	-0.4%	-0.3%
VWIV	26.4%	19.2%	31.2%	20.9%	25.4%
Skew 25d	2.7%	0.9%	5.0%	5.0%	3.3%
Skew 10d	5.6%	2.5%	10.0%	10.0%	6.7%
Call IV 25d	25.8%	22.4%	28.7%	23.0%	23.5%
Put IV 25d	28.5%	25.7%	30.5%	27.9%	26.8%
Bid-Ask Spread %	2.06	1.51	2.99	1.62	2.71
Gamma HHI	0.07	0.05	0.12	0.09	0.09
Net GEX	359.9M	-83.3M	823.2M	392.7M	135.9M
Net DEX	-19.77B	-31.81B	-4.55B	-28.26B	-14.57B
Net VEX	-132.2M	-142.6M	-125.1M	-131.3M	-139.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.69	0.36	0.96	0.95	0.64
Total Volume	1,046,571.9	455,624	2,528,476	1,200,825	2,528,476
Total OI	5,336,512.05	4,072,499	6,430,589	5,966,509	4,728,139

Daily Data (20 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
2025-01-02	$243.55	$200.00	25.1%	6.0%	18.8%	44.4%	20.9%	5.0%	-0.4%	392.7M	-28.26B	-131.3M	0.95	1.62	N/A	N/A	615,320	585,505	3,179,628	2,786,881
2025-01-03	$242.90	$200.00	23.6%	5.5%	18.8%	37.9%	19.2%	3.3%	0.2%	290.3M	-28.98B	-128.9M	0.56	1.51	N/A	N/A	546,453	308,195	3,284,952	2,802,023
2025-01-06	$244.59	$240.00	24.1%	6.5%	19.0%	40.0%	22.9%	3.4%	-0.5%	823.2M	-31.81B	-127.7M	0.46	2.21	N/A	N/A	457,334	211,249	3,167,106	2,727,921
2025-01-07	$241.58	$240.00	26.0%	7.0%	19.5%	48.7%	24.5%	3.8%	-0.8%	483.5M	-28.15B	-127.8M	0.96	2.23	N/A	N/A	313,374	300,160	3,244,646	2,765,490
2025-01-08	$242.16	$240.00	25.3%	6.8%	18.7%	45.6%	23.9%	3.5%	-0.7%	481.6M	-28.60B	-129.9M	0.91	2.33	N/A	N/A	327,138	296,679	3,275,545	2,796,346
2025-01-10	$236.34	$240.00	26.8%	7.3%	20.3%	52.3%	25.2%	3.1%	-0.9%	36.4M	-22.22B	-126.5M	0.93	2.66	N/A	N/A	694,284	648,495	3,308,405	2,809,156
2025-01-13	$233.94	$240.00	26.7%	7.3%	20.5%	51.7%	26.0%	3.0%	-1.0%	190.5M	-21.97B	-125.1M	0.89	1.94	N/A	N/A	463,849	411,533	3,213,455	2,713,733
2025-01-14	$232.96	$240.00	26.4%	7.2%	20.3%	50.7%	25.3%	2.9%	-1.1%	272.7M	-21.89B	-128.6M	0.60	1.92	N/A	N/A	415,475	248,145	3,309,208	2,729,080
2025-01-15	$237.92	$235.00	23.8%	6.6%	22.0%	39.0%	23.3%	2.7%	-0.9%	587.7M	-27.90B	-127.9M	0.66	1.79	N/A	N/A	350,381	230,124	3,368,387	2,784,584
2025-01-16	$228.68	$235.00	27.9%	7.6%	25.4%	57.3%	26.4%	3.0%	-1.5%	-83.3M	-17.74B	-130.5M	0.73	2.27	N/A	N/A	1,005,513	731,411	3,410,813	2,827,292
2025-01-17	$229.47	$235.00	26.7%	7.4%	24.8%	52.1%	26.0%	3.1%	-1.5%	278.8M	-20.06B	-130.6M	0.73	1.90	N/A	N/A	773,848	565,973	3,635,505	2,795,084
2025-01-21	$221.61	$235.00	28.5%	8.1%	26.5%	60.1%	28.5%	2.3%	-0.7%	-64.9M	-4.55B	-127.3M	0.59	1.93	N/A	N/A	996,205	585,385	2,275,391	1,797,108
2025-01-22	$223.14	$230.00	28.7%	8.2%	26.4%	61.1%	29.3%	1.3%	-1.1%	300.3M	-7.95B	-132.3M	0.41	1.79	N/A	N/A	606,035	249,450	2,537,913	1,869,098
2025-01-23	$222.44	$230.00	28.7%	8.3%	25.3%	60.9%	29.1%	1.4%	-0.9%	328.5M	-7.64B	-133.3M	0.36	1.77	N/A	N/A	830,266	298,990	2,644,876	1,904,067
2025-01-24	$222.30	$230.00	28.4%	8.2%	25.0%	59.7%	29.3%	0.9%	-0.8%	396.0M	-7.74B	-134.2M	0.55	2.35	N/A	N/A	616,815	336,240	2,713,848	1,923,438
2025-01-27	$230.66	$230.00	29.2%	8.7%	29.0%	63.3%	30.7%	2.0%	-1.2%	471.9M	-14.68B	-137.7M	0.45	1.65	N/A	N/A	700,419	315,540	2,391,219	1,823,328
2025-01-28	$238.80	$230.00	29.0%	8.7%	32.0%	62.2%	31.0%	2.0%	-1.3%	671.7M	-20.82B	-142.0M	0.65	1.77	N/A	N/A	623,805	404,048	2,423,355	1,873,177
2025-01-29	$239.09	$230.00	28.8%	8.8%	31.7%	61.4%	31.2%	2.5%	-1.2%	624.3M	-20.39B	-142.6M	0.86	1.83	N/A	N/A	244,488	211,136	2,466,810	1,953,501
2025-01-30	$237.98	$232.50	28.1%	8.6%	31.6%	58.4%	30.2%	2.3%	-1.2%	579.9M	-19.39B	-140.5M	0.96	2.99	N/A	N/A	449,819	433,883	2,487,365	1,982,368
2025-01-31	$234.14	$235.00	24.5%	7.1%	31.9%	41.8%	25.4%	3.3%	-0.3%	135.9M	-14.57B	-139.0M	0.64	2.71	N/A	N/A	1,537,441	991,035	2,593,022	2,135,117