AAPL Options History — September 2025

In September 2025, AAPL traded between $226.50 and $256.12. ATM implied volatility averaged 22.8%, placing in the 14.6% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded below realized volatility by 3.2% (HV 20d: 26.1%). Max pain ranged from $215.00 to $225.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.41.

Notable Days

  • 2025-09-19: Highest Volume — 2,761,088 contracts
  • 2025-09-03: Largest IV drop — 10.3% change
  • 2025-09-30: Highest IV Rank — 20.2%
  • 2025-09-02: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$242.14$226.50$256.12$229.05$254.11
Max Pain$219.05$215.00$225.00$215.00$225.00
ATM IV22.8%20.9%25.7%24.1%25.7%
Expected Move6.4%6.0%7.3%7.3%6.3%
HV 20d26.1%20.3%30.6%28.6%29.0%
HV 60d24.4%22.9%26.0%22.9%25.2%
IV Rank14.6%11.0%20.2%17.1%20.2%
IV Percentile26.7%15.5%46.4%32.5%46.4%
Term Structure0.8%-0.3%3.8%-0.2%-0.3%
VWIV23.1%21.6%26.1%26.1%22.6%
Skew 25d2.8%1.6%4.5%4.5%2.5%
Skew 10d6.4%3.9%9.8%9.8%6.0%
Call IV 25d21.8%19.6%25.3%22.4%25.2%
Put IV 25d24.6%23.0%27.9%26.9%27.7%
Bid-Ask Spread %1.931.372.522.522.07
Gamma HHI0.110.060.290.080.09
Net GEX1.59B599.4M2.58B951.0M1.61B
Net DEX-33.01B-45.47B-16.49B-21.04B-39.13B
Net VEX-159.1M-169.5M-153.4M-155.2M-166.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.410.300.600.600.44
Total Volume1,085,396.905464,5892,761,088516,396464,589
Total OI5,657,556.4765,222,0516,056,8375,373,2305,573,293

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$229.05$215.0024.1%7.3%28.6%17.1%26.1%4.5%-0.2%951.0M-21.04B-155.2M0.602.52N/AN/A322,017194,3793,162,5032,210,727
2025-09-03$237.77$215.0021.6%6.5%30.6%12.2%23.2%3.9%-0.1%1.58B-31.55B-153.8M0.451.37N/AN/A747,330339,9703,212,9052,244,116
2025-09-04$238.84$220.0021.3%6.1%25.5%11.7%22.4%3.7%0.1%1.78B-32.43B-157.6M0.402.19N/AN/A580,033233,3813,308,8862,302,592
2025-09-05$239.91$220.0020.9%6.0%24.1%11.0%21.6%3.4%0.1%2.50B-33.87B-156.2M0.361.48N/AN/A697,977249,3573,361,1752,352,839
2025-09-08$237.72$220.0021.3%6.1%20.3%11.7%23.1%3.4%0.0%1.37B-29.29B-153.4M0.462.01N/AN/A449,962205,4623,192,2262,236,937
2025-09-09$233.60$220.0022.3%6.4%21.1%13.6%22.8%3.2%0.0%1.17B-24.74B-153.4M0.482.08N/AN/A854,226410,8903,298,6142,277,053
2025-09-10$226.50$220.0024.0%6.9%23.7%16.8%24.4%3.1%0.1%599.4M-16.49B-153.8M0.332.01N/AN/A1,183,571395,4913,426,5472,350,660
2025-09-11$230.20$215.0021.9%6.3%23.3%12.8%22.5%2.9%0.1%1.31B-22.48B-156.4M0.342.00N/AN/A749,942251,9483,632,8912,383,495
2025-09-12$233.81$215.0022.1%6.3%23.9%13.2%22.6%1.9%0.0%1.63B-28.49B-155.1M0.352.10N/AN/A1,011,860359,0193,666,0672,390,770
2025-09-15$235.73$215.0022.7%6.5%24.0%14.4%22.9%2.4%0.0%1.42B-28.66B-157.2M0.301.69N/AN/A519,053153,8213,324,0692,290,684
2025-09-16$238.94$215.0022.5%6.4%24.4%13.9%22.9%2.3%0.0%1.62B-32.53B-156.8M0.341.99N/AN/A813,257277,3583,376,0752,323,541
2025-09-17$238.81$215.0021.6%6.2%24.3%12.3%22.2%3.0%-0.1%1.60B-31.58B-156.2M0.492.13N/AN/A431,424211,6653,392,4472,356,014
2025-09-18$237.76$215.0021.8%6.3%23.5%12.6%22.4%2.8%-0.1%1.47B-30.06B-156.5M0.411.94N/AN/A532,887219,1303,444,9042,385,057
2025-09-19$245.03$215.0022.1%6.3%25.1%13.1%22.5%2.0%0.0%2.58B-40.84B-157.8M0.332.38N/AN/A2,075,311685,7773,500,4882,424,430
2025-09-22$255.93$220.0023.8%6.9%28.5%16.5%25.1%1.6%2.8%1.58B-45.47B-159.0M0.351.83N/AN/A1,760,436622,5353,141,7652,080,286
2025-09-23$254.14$220.0023.2%6.7%28.8%15.4%24.1%2.3%3.2%1.64B-41.57B-169.5M0.361.94N/AN/A787,342286,9293,332,2242,230,891
2025-09-24$251.56$225.0023.0%6.4%29.3%14.9%23.5%2.7%3.3%1.49B-37.81B-166.8M0.521.57N/AN/A533,865279,8123,360,8222,265,439
2025-09-25$256.12$225.0024.1%6.7%29.7%17.0%23.7%2.3%3.5%1.96B-44.11B-165.5M0.421.79N/AN/A833,546350,7803,407,8232,287,067
2025-09-26$255.13$225.0023.7%6.3%29.8%16.2%22.4%2.3%3.8%2.02B-42.25B-167.9M0.371.66N/AN/A870,447326,0363,457,4332,357,776
2025-09-29$254.20$225.0025.3%6.3%29.8%19.4%22.5%2.6%-0.3%1.50B-38.88B-165.7M0.461.84N/AN/A355,651164,8693,252,9672,232,188
2025-09-30$254.11$225.0025.7%6.3%29.0%20.2%22.6%2.5%-0.3%1.61B-39.13B-166.2M0.442.07N/AN/A323,469141,1203,314,1312,259,162