AAPL Options History — March 2025

In March 2025, AAPL traded between $208.93 and $238.67. ATM implied volatility averaged 28.8%, placing in the 61.4% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 1.6% (HV 20d: 27.2%). Max pain ranged from $215.00 to $230.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.94.

Notable Days

  • 2025-03-13: Highest Volume — 1,280,509 contracts
  • 2025-03-10: Largest IV spike — 27.8% change
  • 2025-03-13: Highest IV Rank — 89.7%
  • 2025-03-10: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$222.48$208.93$238.67$236.91$222.28
Max Pain$225.24$215.00$230.00$225.00$225.00
ATM IV28.8%23.1%35.0%28.6%30.5%
Expected Move8.9%7.5%11.5%8.4%8.6%
HV 20d27.2%19.8%33.1%22.2%33.1%
HV 60d26.9%24.0%29.1%24.1%29.1%
IV Rank61.4%35.5%89.7%60.6%69.2%
IV Percentile84.6%44.4%99.6%94.0%98.0%
Term Structure0.3%-1.2%3.8%-0.4%-0.6%
VWIV31.3%26.6%40.0%29.5%30.8%
Skew 25d5.7%4.1%7.7%6.1%6.4%
Skew 10d11.6%8.8%17.1%13.8%11.7%
Call IV 25d26.0%21.3%32.3%25.0%27.5%
Put IV 25d31.7%25.4%39.1%31.1%33.9%
Bid-Ask Spread %2.401.553.652.233.03
Gamma HHI0.050.050.060.060.05
Net GEX118.9M-236.9M586.9M255.6M287.5M
Net DEX-6.85B-16.39B4.16B-14.23B-8.64B
Net VEX-140.1M-149.6M-133.4M-145.1M-141.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.561.320.961.04
Total Volume841,427.095515,5061,280,509632,798612,094
Total OI4,676,670.5714,164,3835,133,0624,402,2854,259,818

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$236.91$225.0028.6%8.4%22.2%60.6%29.5%6.1%-0.4%255.6M-14.23B-145.1M0.962.23N/AN/A322,446310,3522,356,0232,046,262
2025-03-04$237.14$225.0028.6%8.4%20.3%60.4%30.0%6.2%-0.5%260.2M-14.48B-145.9M1.322.42N/AN/A276,889364,5742,414,6582,103,163
2025-03-05$235.59$225.0027.6%8.4%19.8%56.0%29.7%6.2%-0.3%165.6M-13.04B-144.1M1.101.75N/AN/A438,382483,2672,450,9162,146,488
2025-03-06$234.82$225.0029.7%9.1%19.8%65.4%32.1%6.5%-0.6%190.2M-12.55B-148.8M1.111.96N/AN/A369,095410,1212,496,1472,177,468
2025-03-07$238.67$225.0027.4%8.5%20.6%55.1%29.9%6.1%-0.5%421.5M-16.39B-149.6M1.111.74N/AN/A482,427537,4452,556,8792,241,179
2025-03-10$226.88$225.0035.0%11.5%26.7%89.6%40.0%7.7%-1.2%-37.1M-6.55B-149.2M1.031.83N/AN/A557,389575,5182,462,4632,187,039
2025-03-11$221.29$225.0033.8%10.9%28.1%84.2%39.1%7.3%-1.1%-79.3M-3.12B-142.8M1.062.08N/AN/A556,781592,1412,551,6562,188,171
2025-03-12$215.92$225.0033.2%10.8%27.6%81.2%37.3%6.9%-1.1%-186.0M345.4M-136.1M0.801.60N/AN/A618,184493,4292,605,9822,224,909
2025-03-13$208.93$220.0035.0%11.4%28.7%89.7%39.3%6.9%-1.1%-236.9M4.16B-133.4M0.961.71N/AN/A654,971625,5382,708,0862,249,821
2025-03-14$212.93$215.0029.8%9.3%28.4%66.0%32.7%5.6%-0.8%-104.3M-389.3M-135.5M0.971.55N/AN/A630,317614,5072,823,1642,227,238
2025-03-17$215.12$230.0028.7%8.5%28.1%60.9%29.8%5.0%-0.6%-36.2M-3.10B-135.6M0.803.20N/AN/A394,960315,9842,629,0612,140,220
2025-03-18$212.93$230.0029.4%8.7%28.2%64.4%29.6%5.2%-0.7%-62.6M-1.73B-134.8M0.823.30N/AN/A282,900232,6062,699,3022,196,388
2025-03-19$215.46$230.0027.6%8.3%28.5%56.0%29.0%4.8%-0.6%45.2M-4.00B-136.3M0.623.65N/AN/A523,484323,3072,745,7542,208,835
2025-03-20$213.80$230.0027.5%8.4%28.3%55.4%29.5%4.9%-0.8%-58.5M-3.00B-133.6M1.193.45N/AN/A448,627531,7902,811,8022,235,713
2025-03-21$215.59$225.0026.7%8.2%28.8%51.8%28.1%4.7%-0.8%46.4M-5.32B-135.3M0.872.84N/AN/A423,662368,7872,881,1062,251,956
2025-03-24$220.03$225.0024.4%7.7%30.0%41.4%27.3%4.5%3.5%255.6M-7.28B-135.5M0.602.39N/AN/A392,656237,4812,301,3671,863,016
2025-03-25$223.81$225.0023.1%7.5%31.0%35.5%26.6%4.1%3.8%496.7M-10.44B-139.3M0.562.25N/AN/A395,388219,7512,397,1031,914,483
2025-03-26$221.07$225.0025.3%8.0%30.0%45.5%28.5%5.2%3.6%286.4M-7.81B-139.5M0.802.60N/AN/A316,593252,3292,439,6161,969,669
2025-03-27$224.88$225.0025.0%7.8%30.9%44.0%28.0%5.0%3.8%586.9M-11.36B-140.9M0.962.17N/AN/A290,823279,6102,479,2482,003,838
2025-03-28$218.11$225.0027.9%8.4%32.2%57.1%30.0%5.5%3.5%-620.7K-5.04B-139.0M0.972.58N/AN/A464,792448,5722,523,8212,040,254
2025-03-31$222.28$225.0030.5%8.6%33.1%69.2%30.8%6.4%-0.6%287.5M-8.64B-141.1M1.043.03N/AN/A299,570312,5242,372,9281,886,890