AAPL332.21-0.06 (-0.02%) session● PRIOR SESSION CLOSE
the options chain — greeks, IV skew & expected move
The full options chain with greeks and implied volatility
The ATM term structure, the put/call implied-volatility skew, the expected move and the strikes where open interest is concentrated — over every strike's call and put with Black-Scholes greeks and implied volatility. Quotes, implied volatility, greeks and open interest are real, from the options feed.
AAPLspot $332.21ATM IV 23.6%Downside skew (puts bid up) · RR -5.6pt · 1ddelayed quotes · front expiry
Retail Pro · $99 a month5 more expiries on this chain
The front expiry is free and complete. Every further expiry, the ATM term structure across them and the 60-second re-pull open on the seat. The band above is served through a two-minute cache, so it is labelled delayed.
Start checkout →Expected move (priced in to 2026-09-16)±1.9%$325.72 – $338.70ATM IV 27.9% · 1dMax pain $325.00
notable OI330.00C · 5,642340.00C · 3,465335.00C · 3,112345.00C · 3,047
13 strikes
| CALLS | Strike | PUTS | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bid | Ask | Price | IV | Δ | OI | OI | Δ | IV | Price | Ask | Bid | |
| 14.50 | 17.45 | 17.03 | 61.4 | 0.85 | 101 | 317.50 | 895 | -0.05 | 37.9 | 0.19 | 0.22 | 0.16 |
| 13.25 | 13.80 | 13.61 | 54.8 | 0.83 | 2,985 | 320.00 | 2,233 | -0.06 | 33.9 | 0.22 | 0.23 | 0.21 |
| 10.25 | 11.55 | 11.11 | 45.5 | 0.82 | 938 | 322.50 | 1,301 | -0.09 | 30.6 | 0.31 | 0.33 | 0.30 |
| 8.50 | 9.25 | 9.35 | 44.6 | 0.76 | 2,628 | 325.00 | 2,725 | -0.14 | 28.3 | 0.50 | 0.50 | 0.47 |
| 5.70 | 6.75 | 6.70 | 34.0 | 0.72 | 349 | 327.50 | 624 | -0.22 | 26.7 | 0.83 | 0.85 | 0.82 |
| 4.15 | 5.10 | 4.62 | 34.6 | 0.61 | 5,642 | 330.00 | 2,647 | -0.35 | 25.0 | 1.45 | 1.45 | 1.40 |
| 3.00 | 3.15 | 3.00 | 32.9 | 0.49 | 1,151 | 332.50 | 674 | -0.51 | 23.0 | 2.38 | 2.39 | 2.29 |
| 1.84 | 1.95 | 1.87 | 31.7 | 0.37 | 3,112 | 335.00 | 650 | -0.70 | 20.7 | 3.70 | 3.75 | 3.60 |
| 1.02 | 1.10 | 1.10 | 30.5 | 0.24 | 2,139 | 337.50 | 68 | -0.91 | 16.0 | 5.31 | 5.50 | 5.30 |
| 0.56 | 0.60 | 0.58 | 30.4 | 0.15 | 3,465 | 340.00 | 89 | — | — | 7.30 | 8.00 | 7.10 |
| 0.30 | 0.32 | 0.31 | 30.6 | 0.09 | 1,030 | 342.50 | 30 | — | — | 10.10 | 10.70 | 8.20 |
| 0.16 | 0.17 | 0.17 | 31.3 | 0.05 | 3,047 | 345.00 | 18 | — | — | 11.50 | 12.80 | 10.60 |
| 0.08 | 0.09 | 0.08 | 32.3 | 0.03 | 1,088 | 347.50 | 0 | — | — | 13.21 | 15.50 | 13.00 |
Δ delta · Γ gamma · Θ theta · V vega · IV implied vol % · OI open interest · Vol session volume · price = last trade, else mid. An em dash is a field the feed did not publish or a greek the solver could not solve — never a zero.
AAPL's option chain near $332.21 implies a +1.95% (~1-sigma) move by 1 day out, with a downside (put) skew — crash insurance is bid up. Every greek — delta, gamma, theta, vega — is on the chain below, from the options feed. Your decisions, your risk.
Each card walks one piece of the chain — what it shows, what the greek means, and what it suggests. Quotes, implied volatility, greeks and open interest are real, from the options feed.
What is an options chain?
AAPL trades near $332.21. The grid lists every strike for an expiry, with a CALL (right to buy) and a PUT (right to sell) side-by-side.
→ The at-the-money strike is $332.50.
Delta — how much does the option move?
The at-the-money call has a delta of 0.4943 and the put -0.5127.
→ Higher delta = behaves more like the stock itself.
Gamma, Theta & Vega — the other greeks
ATM gamma 0.05093, theta $-0.85/day, vega $0.10.
→ Time decay (theta) accelerates as expiry approaches.
More on this screen (2)
Expected move — how far might it travel?
By 1 day out, the options imply a one-standard-deviation move of about $6.49 (+1.95%), i.e. roughly $325.72–$338.70.
→ About a 2-in-3 chance of finishing inside that range.
The volatility skew — what is the fear gauge?
Out-of-the-money puts price at 37.9% IV and out-of-the-money calls at 32.3%, against 27.9% at-the-money on the 1-day expiry — a -5.6pt risk reversal (calls minus puts), a downside (put) skew — crash insurance is bid up.
→ Demand for downside protection is elevated.
Reference — greeks & chain fields
- Call / Put
- A call is the right to buy at the strike; a put is the right to sell at the strike.
- Strike
- The fixed price at which the option lets you buy (call) or sell (put).
- Delta
- Dollar move of the option per $1 move in the underlying (and ~probability of finishing in-the-money).
- Gamma
- How fast delta changes as the stock moves — the curvature of the option.
- Theta
- Daily time decay: value lost per day, all else equal.
- Vega
- Price change for a 1-point rise in implied volatility.
- Rho
- Price change for a 1% change in interest rates.
- Implied volatility (IV)
- The market's forecast of future swings, baked into the option price.
- Expected move
- spot x IV x sqrt(time) — the ~68% (one sigma) range by expiry.
- Skew / Smile
- How implied vol varies across strikes; a downside put skew signals demand for crash protection.