AAPL Options History — February 2025

In February 2025, AAPL traded between $227.39 and $247.31. ATM implied volatility averaged 22.8%, placing in the 34.3% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded below realized volatility by 5.7% (HV 20d: 28.5%). Max pain ranged from $220.00 to $235.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.69.

Notable Days

  • 2025-02-13: Highest Volume — 1,272,817 contracts
  • 2025-02-10: Largest IV drop — 8.5% change
  • 2025-02-27: Highest IV Rank — 49.0%
  • 2025-02-27: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$238.23$227.39$247.31$228.67$239.69
Max Pain$222.89$220.00$235.00$235.00$225.00
ATM IV22.8%20.5%26.1%24.9%25.0%
Expected Move6.6%5.9%7.8%7.5%7.3%
HV 20d28.5%22.3%32.8%31.4%22.6%
HV 60d23.5%22.6%24.1%22.8%24.1%
IV Rank34.3%23.9%49.0%43.8%44.1%
IV Percentile50.5%30.6%72.6%62.7%63.5%
Term Structure-0.1%-0.4%0.2%-0.3%-0.2%
VWIV23.2%20.5%26.8%26.8%26.1%
Skew 25d3.6%2.6%5.4%3.1%5.4%
Skew 10d7.3%5.1%10.3%6.0%10.2%
Call IV 25d21.3%19.3%24.2%23.8%22.7%
Put IV 25d24.9%22.4%29.6%26.9%28.1%
Bid-Ask Spread %1.681.442.181.641.83
Gamma HHI0.100.050.250.060.11
Net GEX708.3M-81.1M1.87B182.4M58.1M
Net DEX-18.78B-27.96B-9.47B-10.11B-15.92B
Net VEX-138.9M-146.8M-132.3M-136.9M-145.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.461.040.791.04
Total Volume865,202526,5131,272,8171,135,599934,728
Total OI4,609,870.7374,251,3924,800,9534,390,7344,758,337

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$228.67$235.0024.9%7.5%31.4%43.8%26.8%3.1%-0.3%182.4M-10.11B-136.9M0.791.64N/AN/A634,834500,7652,453,6161,937,118
2025-02-04$232.19$232.5023.2%6.6%32.1%36.2%23.8%2.6%-0.1%513.2M-13.85B-139.5M0.541.53N/AN/A490,093264,1122,591,1701,970,013
2025-02-05$231.68$232.5023.1%6.5%31.9%35.5%23.4%2.9%-0.1%431.0M-13.36B-138.2M0.661.80N/AN/A340,523225,8142,611,3632,018,909
2025-02-06$232.13$220.0021.9%6.2%31.7%30.1%21.9%3.0%-0.0%504.5M-14.00B-134.5M0.591.84N/AN/A405,347238,1862,650,9912,045,921
2025-02-07$227.39$220.0023.7%6.8%32.4%38.2%23.7%3.2%-0.0%-81.1M-9.47B-135.0M0.712.18N/AN/A560,653396,5872,687,3792,067,495
2025-02-10$227.53$220.0021.7%6.2%31.4%29.1%21.6%3.6%0.0%238.2M-10.31B-132.3M0.541.67N/AN/A342,067184,4462,481,7101,948,862
2025-02-11$233.00$220.0021.6%6.2%32.5%28.8%21.8%3.0%-0.1%626.3M-16.16B-137.5M0.541.46N/AN/A659,176353,7982,550,9261,960,292
2025-02-12$236.08$220.0022.3%6.4%32.8%31.9%22.3%3.0%0.1%844.5M-19.17B-138.7M0.531.58N/AN/A505,860268,8562,604,0282,012,533
2025-02-13$241.19$220.0021.7%6.2%32.8%29.2%21.7%2.8%-0.0%1.29B-24.60B-141.1M0.491.64N/AN/A855,098417,7192,637,5712,050,048
2025-02-14$244.36$220.0021.1%6.0%29.4%26.3%21.5%2.6%-0.1%1.87B-27.96B-138.2M0.521.44N/AN/A731,261376,5632,688,5592,112,394
2025-02-18$243.34$220.0021.4%6.1%29.5%27.9%22.0%3.0%0.1%1.03B-24.00B-137.7M0.541.45N/AN/A383,978206,6182,540,7971,977,970
2025-02-19$244.99$220.0020.5%5.9%25.9%23.9%20.5%3.1%0.2%1.20B-25.53B-138.3M0.461.58N/AN/A413,182188,7772,604,7192,022,489
2025-02-20$245.64$220.0020.7%5.9%25.9%24.6%20.9%3.1%0.1%1.33B-26.67B-135.5M0.571.51N/AN/A482,131273,9992,664,8582,051,750
2025-02-21$245.50$220.0022.1%6.3%25.8%31.0%22.2%4.4%0.1%1.20B-25.81B-140.1M0.801.83N/AN/A669,041532,0922,686,1772,094,699
2025-02-24$247.31$220.0023.1%6.5%25.8%35.6%23.6%4.4%-0.0%907.8M-24.79B-137.7M0.851.51N/AN/A454,070387,5042,339,1121,912,280
2025-02-25$247.04$220.0024.8%7.0%23.0%43.2%25.2%4.8%-0.4%828.4M-23.97B-141.9M1.021.65N/AN/A465,639477,1322,426,8632,019,481
2025-02-26$240.32$225.0024.6%7.2%22.3%42.6%24.9%5.2%-0.2%256.4M-16.28B-143.8M0.891.62N/AN/A543,536485,2252,497,1892,166,198
2025-02-27$238.31$225.0026.1%7.8%22.6%49.0%26.8%5.4%-0.4%225.7M-14.85B-146.8M0.962.06N/AN/A403,594385,8342,579,0732,164,654
2025-02-28$239.69$225.0025.0%7.3%22.6%44.1%26.1%5.4%-0.2%58.1M-15.92B-145.5M1.041.83N/AN/A457,667477,0612,575,0822,183,255