AAPL Options History — April 2025

In April 2025, AAPL traded between $170.25 and $224.41. ATM implied volatility averaged 42.9%, placing in the 61.5% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded below realized volatility by 29.5% (HV 20d: 72.4%). Max pain ranged from $205.00 to $225.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.90.

Notable Days

2025-04-09: Highest Volume — 2,097,837 contracts
2025-04-03: Largest IV spike — 43.2% change
2025-04-03: Highest IV Rank — 100.0%
2025-04-08: Largest Expected Move — 18.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$200.75	$170.25	$224.41	$222.38	$211.15
Max Pain	$212.62	$205.00	$225.00	$225.00	$207.50
ATM IV	42.9%	29.8%	67.1%	31.0%	35.5%
Expected Move	12.3%	8.2%	18.0%	8.6%	11.5%
HV 20d	72.4%	33.1%	85.2%	33.1%	84.1%
HV 60d	47.5%	28.6%	53.5%	28.6%	52.7%
IV Rank	61.5%	35.8%	100.0%	71.2%	39.2%
IV Percentile	96.8%	91.7%	100.0%	98.0%	93.7%
Term Structure	-1.7%	-3.6%	-0.5%	-0.7%	-0.9%
VWIV	42.9%	29.4%	59.4%	29.5%	41.1%
Skew 25d	10.5%	6.4%	19.5%	6.4%	8.0%
Skew 10d	21.1%	13.2%	37.5%	13.4%	16.6%
Call IV 25d	37.7%	26.9%	56.5%	27.5%	31.4%
Put IV 25d	48.2%	33.3%	76.0%	33.8%	39.3%
Bid-Ask Spread %	2.93	1.88	6.21	2.73	1.88
Gamma HHI	0.05	0.03	0.09	0.04	0.05
Net GEX	132.4M	-255.2M	492.5M	316.2M	262.3M
Net DEX	-887.6M	-10.46B	12.96B	-8.79B	-7.61B
Net VEX	-137.7M	-148.9M	-107.1M	-139.9M	-147.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.90	0.64	1.27	0.96	0.98
Total Volume	1,060,738.857	355,408	2,097,837	414,533	355,408
Total OI	4,905,988.476	4,411,109	5,567,384	4,411,109	4,798,002

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
2025-04-01	$222.38	$225.00	31.0%	8.6%	33.1%	71.2%	29.5%	6.4%	-0.7%	316.2M	-8.79B	-139.9M	0.96	2.73	N/A	N/A	211,626	202,907	2,445,973	1,965,136
2025-04-02	$224.41	$225.00	29.8%	8.2%	33.4%	66.0%	29.4%	6.4%	-0.6%	430.6M	-10.46B	-142.2M	0.81	2.41	N/A	N/A	240,833	195,236	2,478,134	1,993,645
2025-04-03	$201.43	$225.00	42.7%	11.6%	50.2%	100.0%	39.4%	8.7%	-1.7%	-235.6M	5.09B	-130.2M	1.09	2.91	N/A	N/A	826,499	900,643	2,521,882	2,013,315
2025-04-04	$191.01	$225.00	51.7%	13.8%	51.8%	100.0%	46.5%	14.4%	-2.7%	-255.2M	8.93B	-124.9M	1.01	5.14	N/A	N/A	945,067	950,551	2,696,382	2,045,338
2025-04-07	$179.15	$220.00	58.6%	15.6%	53.4%	100.0%	53.8%	15.2%	-3.0%	-124.3M	10.63B	-112.0M	0.91	4.75	N/A	N/A	793,750	725,544	2,544,816	1,936,790
2025-04-08	$170.25	$220.00	67.1%	18.0%	55.0%	100.0%	59.4%	19.5%	-3.6%	-132.0M	12.96B	-107.1M	1.11	3.37	N/A	N/A	775,626	857,405	2,690,469	2,099,943
2025-04-09	$196.93	$215.00	45.5%	12.3%	78.5%	58.4%	45.0%	11.0%	-2.6%	61.5M	1.32B	-134.4M	0.86	6.21	N/A	N/A	1,128,894	968,943	2,800,947	2,242,936
2025-04-10	$189.00	$210.00	55.1%	15.1%	78.9%	76.9%	53.0%	17.1%	-2.9%	-32.6M	5.26B	-135.2M	1.04	4.33	N/A	N/A	797,092	826,725	2,899,511	2,362,710
2025-04-11	$197.91	$210.00	49.2%	13.6%	80.6%	65.5%	49.2%	13.6%	-2.6%	171.4M	-605.8M	-145.4M	0.64	3.20	N/A	N/A	1,140,907	732,378	3,018,674	2,391,619
2025-04-14	$205.50	$210.00	42.8%	12.1%	81.8%	53.2%	43.0%	10.6%	-1.5%	281.5M	-4.92B	-148.9M	0.67	2.60	N/A	N/A	999,173	671,714	2,910,555	2,216,557
2025-04-15	$202.33	$210.00	40.6%	11.6%	81.9%	48.8%	41.1%	10.1%	-1.1%	174.7M	-1.97B	-145.9M	0.79	2.46	N/A	N/A	446,385	352,148	3,189,034	2,326,777
2025-04-16	$193.57	$210.00	44.3%	12.7%	83.0%	56.0%	42.8%	11.9%	-1.5%	-47.1M	4.05B	-138.0M	1.27	2.40	N/A	N/A	504,393	642,303	3,207,364	2,360,020
2025-04-17	$197.06	$210.00	42.0%	12.1%	83.4%	51.6%	41.2%	10.5%	-1.1%	107.0M	991.0M	-140.2M	0.82	2.50	N/A	N/A	558,426	457,320	3,117,571	2,351,998
2025-04-21	$191.92	$210.00	45.5%	13.3%	83.6%	58.4%	45.7%	10.2%	-2.0%	-14.3M	2.61B	-134.0M	0.89	2.02	N/A	N/A	287,672	257,259	2,598,134	2,035,173
2025-04-22	$199.16	$205.00	41.4%	12.3%	84.5%	50.4%	42.8%	8.6%	-1.8%	153.1M	-1.64B	-140.1M	0.66	2.28	N/A	N/A	400,934	265,033	2,656,472	2,078,650
2025-04-23	$204.36	$205.00	39.4%	11.8%	84.8%	46.5%	42.2%	8.2%	-1.6%	334.2M	-5.13B	-144.3M	0.85	2.19	N/A	N/A	412,784	350,954	2,707,610	2,111,779
2025-04-24	$208.16	$205.00	36.2%	11.2%	85.2%	40.4%	39.5%	7.8%	-1.6%	492.5M	-7.63B	-145.8M	0.84	2.05	N/A	N/A	331,135	278,260	2,750,273	2,151,551
2025-04-25	$208.25	$205.00	34.4%	10.7%	84.9%	37.0%	37.8%	7.1%	-1.5%	320.9M	-7.10B	-145.0M	0.97	1.93	N/A	N/A	390,694	378,478	2,795,942	2,203,291
2025-04-28	$210.82	$205.00	34.6%	10.9%	84.4%	37.3%	39.7%	7.3%	-0.6%	258.0M	-7.29B	-145.6M	0.89	2.18	N/A	N/A	188,429	167,273	2,530,637	2,081,709
2025-04-29	$210.99	$207.50	33.8%	10.8%	84.1%	35.8%	39.5%	7.3%	-0.5%	258.0M	-7.33B	-145.2M	0.89	1.95	N/A	N/A	189,390	169,325	2,572,237	2,126,202
2025-04-30	$211.15	$207.50	35.5%	11.5%	84.1%	39.2%	41.1%	8.0%	-0.9%	262.3M	-7.61B	-147.9M	0.98	1.88	N/A	N/A	179,781	175,627	2,616,151	2,181,851