AAPL Options History — December 2025

In December 2025, AAPL traded between $270.69 and $286.44. ATM implied volatility averaged 19.5%, placing in the 6.5% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 2.9% (HV 20d: 16.6%). Max pain ranged from $215.00 to $242.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 0.52.

Notable Days

2025-12-02: Highest Volume — 1,121,642 contracts
2025-12-29: Largest IV spike — 13.3% change
2025-12-01: Highest IV Rank — 11.0%
2025-12-01: Largest Expected Move — 6.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$276.31	$270.69	$286.44	$282.42	$272.72
Max Pain	$222.16	$215.00	$242.50	$235.00	$220.00
ATM IV	19.5%	17.1%	22.0%	20.9%	22.0%
Expected Move	5.5%	4.8%	6.1%	6.1%	5.1%
HV 20d	16.6%	10.1%	20.0%	19.3%	10.1%
HV 60d	20.7%	19.1%	23.2%	23.2%	19.1%
IV Rank	6.5%	0.4%	11.0%	11.0%	9.9%
IV Percentile	6.2%	0.4%	16.3%	10.7%	16.3%
Term Structure	1.1%	-0.0%	4.7%	0.5%	0.3%
VWIV	19.6%	17.0%	22.3%	22.3%	17.5%
Skew 25d	2.6%	2.1%	3.2%	2.7%	3.2%
Skew 10d	5.4%	3.7%	6.4%	5.4%	6.2%
Call IV 25d	18.6%	16.2%	21.3%	19.6%	20.9%
Put IV 25d	21.2%	18.4%	24.5%	22.3%	24.1%
Bid-Ask Spread %	6.23	1.78	28.07	2.72	15.29
Gamma HHI	0.09	0.08	0.12	0.08	0.11
Net GEX	1.42B	953.1M	2.40B	1.75B	1.38B
Net DEX	-41.03B	-55.83B	-31.79B	-51.06B	-33.77B
Net VEX	-148.7M	-160.0M	-140.0M	-152.0M	-141.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.52	0.34	0.80	0.48	0.74
Total Volume	601,694.318	302,810	1,121,642	716,126	401,109
Total OI	5,514,227.864	4,906,670	5,911,053	5,438,885	5,092,433

Daily Data (22 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
2025-12-01	$282.42	$235.00	20.9%	6.1%	19.3%	11.0%	22.3%	2.7%	0.5%	1.75B	-51.06B	-152.0M	0.48	2.72	N/A	N/A	483,890	232,236	3,230,027	2,208,858
2025-12-02	$286.44	$240.00	20.5%	6.0%	18.7%	10.1%	21.5%	2.5%	0.6%	2.06B	-55.83B	-155.0M	0.48	2.21	N/A	N/A	759,381	362,261	3,295,548	2,307,091
2025-12-03	$284.69	$242.50	19.9%	5.8%	18.9%	8.9%	20.8%	2.7%	0.7%	2.40B	-53.33B	-160.0M	0.48	2.73	N/A	N/A	578,290	275,353	3,432,670	2,374,267
2025-12-04	$280.02	$215.00	19.9%	6.0%	20.0%	8.9%	21.0%	2.4%	0.7%	1.48B	-46.05B	-157.9M	0.52	2.12	N/A	N/A	545,224	283,382	3,476,691	2,409,157
2025-12-05	$278.94	$215.00	18.9%	5.8%	20.0%	7.1%	20.7%	2.3%	0.8%	1.34B	-44.37B	-155.8M	0.51	2.02	N/A	N/A	508,000	258,203	3,511,559	2,399,494
2025-12-08	$277.31	$220.00	20.4%	6.0%	19.8%	10.0%	20.9%	2.5%	0.4%	1.28B	-43.17B	-153.4M	0.49	1.82	N/A	N/A	290,713	141,020	3,295,502	2,320,097
2025-12-09	$277.88	$220.00	19.6%	5.7%	19.8%	8.4%	20.8%	2.1%	0.3%	1.42B	-43.65B	-155.0M	0.34	1.88	N/A	N/A	354,643	119,560	3,347,067	2,336,778
2025-12-10	$279.13	$220.00	19.1%	5.6%	17.8%	7.3%	19.9%	2.2%	0.5%	1.57B	-45.50B	-151.4M	0.42	2.14	N/A	N/A	296,533	123,657	3,379,221	2,349,370
2025-12-11	$277.89	$220.00	18.6%	5.5%	17.7%	4.5%	19.8%	2.2%	0.6%	1.35B	-43.53B	-150.6M	0.53	1.78	N/A	N/A	461,163	246,463	3,388,568	2,365,299
2025-12-12	$277.84	$220.00	18.9%	5.5%	17.7%	4.9%	20.9%	2.6%	0.6%	1.38B	-43.59B	-150.1M	0.48	28.07	N/A	N/A	526,445	254,826	3,433,433	2,395,300
2025-12-15	$273.85	$220.00	19.4%	5.6%	18.5%	6.0%	20.1%	2.7%	0.0%	1.01B	-38.74B	-147.7M	0.45	2.02	N/A	N/A	395,410	177,490	3,259,237	2,354,123
2025-12-16	$275.09	$220.00	19.1%	5.5%	16.4%	5.4%	19.8%	2.5%	-0.0%	1.16B	-40.61B	-147.0M	0.54	1.86	N/A	N/A	289,726	157,199	3,317,199	2,377,619
2025-12-17	$273.31	$220.00	19.4%	5.6%	16.6%	5.9%	20.0%	3.1%	-0.0%	1.04B	-38.38B	-147.3M	0.61	20.76	N/A	N/A	267,118	162,105	3,342,030	2,394,867
2025-12-18	$272.56	$220.00	19.2%	5.5%	16.5%	4.7%	19.8%	3.0%	0.1%	953.1M	-37.66B	-147.3M	0.80	5.91	N/A	N/A	493,575	392,525	3,376,725	2,410,581
2025-12-19	$270.75	$220.00	18.9%	5.4%	16.2%	4.1%	18.8%	3.1%	0.2%	1.00B	-35.82B	-145.6M	0.55	20.82	N/A	N/A	501,187	275,464	3,437,996	2,427,018
2025-12-22	$270.69	$220.00	18.3%	5.2%	14.9%	2.8%	18.3%	2.5%	4.3%	1.08B	-31.79B	-143.8M	0.49	3.47	N/A	N/A	347,603	169,151	2,909,154	1,997,516
2025-12-23	$271.99	$220.00	17.8%	5.0%	13.2%	2.0%	17.4%	2.5%	4.3%	1.43B	-33.52B	-144.2M	0.45	2.14	N/A	N/A	339,454	151,358	3,018,187	2,034,715
2025-12-24	$274.87	$220.00	17.1%	4.8%	13.8%	0.4%	17.0%	2.2%	4.5%	2.06B	-37.70B	-144.3M	0.44	2.26	N/A	N/A	327,441	144,117	3,078,352	2,063,331
2025-12-26	$273.68	$220.00	18.8%	5.0%	13.8%	3.9%	17.6%	2.2%	4.7%	1.29B	-35.52B	-142.1M	0.40	5.80	N/A	N/A	365,739	144,927	3,081,877	2,073,963
2025-12-29	$273.66	$220.00	21.3%	5.2%	13.8%	8.9%	18.3%	3.1%	0.2%	1.36B	-34.87B	-140.5M	0.56	2.29	N/A	N/A	212,508	118,016	2,942,134	2,016,770
2025-12-30	$273.06	$220.00	21.6%	5.1%	11.7%	9.0%	17.3%	3.0%	0.1%	1.38B	-34.29B	-140.0M	0.65	6.98	N/A	N/A	184,083	118,727	3,006,248	2,044,941
2025-12-31	$272.72	$220.00	22.0%	5.1%	10.1%	9.9%	17.5%	3.2%	0.3%	1.38B	-33.77B	-141.0M	0.74	15.29	N/A	N/A	230,161	170,948	3,037,383	2,055,050