AAPL Options History — March 2012

In March 2012, AAPL traded between $18.94 and $22.06. ATM implied volatility averaged 30.7%, placing in the 35.8% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 8.7% (HV 20d: 22.0%). Max pain ranged from $16.61 to $19.46. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 0.72.

Notable Days

  • 2012-03-14: Highest Volume — 49,249,788 contracts
  • 2012-03-14: Largest IV spike — 55.3% change
  • 2012-03-06: Highest IV Rank — 56.5%
  • 2012-03-15: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.63$18.94$22.06$19.45$21.41
Max Pain$18.34$16.61$19.46$17.50$19.29
ATM IV30.7%21.5%40.3%32.6%27.9%
Expected Move8.8%7.7%11.5%8.8%8.3%
HV 20d22.0%18.7%25.1%18.9%25.1%
HV 60d22.1%21.1%23.1%21.1%23.1%
IV Rank35.8%15.8%56.5%39.8%29.6%
IV Percentile64.8%20.2%94.0%81.7%54.4%
Term Structure2.2%-1.4%5.5%0.7%5.5%
VWIV31.3%27.8%40.1%31.2%30.0%
Skew 25d0.5%-3.8%2.5%2.3%2.1%
Skew 10d1.7%-6.3%7.3%4.8%6.1%
Call IV 25d30.8%26.5%41.5%30.0%28.5%
Put IV 25d31.3%27.6%38.2%32.4%30.6%
Bid-Ask Spread %7.583.7716.665.905.80
Gamma HHI0.100.040.450.080.28
Net GEX905.5M-295.6M2.75B1.08B-295.6M
Net DEX-47.08B-61.63B-32.33B-42.25B-43.53B
Net VEX-180.2M-207.8M-155.5M-157.7M-207.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.530.910.890.77
Total Volume22,207,762.18213,701,68849,249,78817,628,10017,783,416
Total OI78,530,636.54569,072,50093,855,02069,559,78486,193,828

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-03-01$19.45$17.5032.6%8.8%18.9%39.8%31.2%2.3%0.7%1.08B-42.25B-157.7M0.895.90N/AN/A9,345,4488,282,65239,065,74030,494,044
2012-03-02$19.47$17.6830.4%8.3%18.7%35.0%29.3%-0.1%1.1%1.51B-42.64B-160.6M0.7813.94N/AN/A9,635,5287,471,91240,341,05631,497,816
2012-03-05$19.04$16.6139.8%8.8%21.7%55.4%31.1%1.1%0.9%651.4M-34.54B-162.7M0.6810.17N/AN/A12,500,6288,446,81638,998,62430,073,876
2012-03-06$18.94$16.7940.3%9.0%22.2%56.5%31.7%1.2%0.8%541.5M-32.33B-167.3M0.727.30N/AN/A12,350,6888,939,78440,480,41231,924,984
2012-03-07$18.95$16.7927.2%8.6%22.2%28.1%30.4%1.5%1.0%590.5M-33.09B-163.5M0.534.66N/AN/A14,028,1127,388,36041,310,89232,542,048
2012-03-08$19.36$16.7922.8%8.1%22.5%18.6%28.7%1.4%1.7%1.18B-40.54B-161.3M0.7016.66N/AN/A14,202,1609,969,76442,414,79233,364,828
2012-03-09$19.47$16.9621.5%7.8%20.1%15.8%27.8%1.7%2.0%2.75B-42.40B-161.4M0.777.17N/AN/A7,916,8046,115,98443,023,79234,169,380
2012-03-12$19.71$17.1422.2%7.9%20.1%17.3%28.0%1.2%2.0%1.14B-44.74B-159.3M0.633.89N/AN/A8,387,5405,314,14841,239,38031,998,484
2012-03-13$20.29$17.1423.7%7.9%21.3%20.6%27.8%0.1%2.1%1.31B-53.63B-155.5M0.745.79N/AN/A18,237,10013,503,58842,077,22432,746,168
2012-03-14$21.06$18.2136.8%10.2%23.9%49.0%35.2%-3.8%0.3%1.01B-61.63B-162.4M0.6510.12N/AN/A29,844,19219,405,59643,388,24036,406,972
2012-03-15$20.91$19.2940.0%11.5%21.7%55.9%40.1%-3.3%-1.4%816.5M-55.29B-189.1M0.576.47N/AN/A19,688,11611,269,97246,208,93241,522,964
2012-03-16$20.91$19.2938.4%11.0%21.9%52.4%38.7%-2.6%-0.2%701.8M-54.46B-198.7M0.667.18N/AN/A18,502,20412,245,52049,723,49244,131,528
2012-03-19$21.47$19.2936.4%10.5%22.6%48.2%36.6%0.3%0.8%628.1M-48.72B-187.8M0.706.56N/AN/A13,831,4689,740,80840,707,54832,902,324
2012-03-20$21.64$19.2934.7%9.9%21.8%44.4%34.9%-0.1%1.4%804.7M-51.09B-196.5M0.849.25N/AN/A8,748,0687,335,21642,718,11635,346,528
2012-03-21$21.52$19.2930.9%8.9%22.0%36.3%31.5%0.9%2.9%831.7M-49.37B-197.8M0.848.04N/AN/A9,442,6087,975,74443,655,69636,774,920
2012-03-22$21.40$19.4630.6%8.8%22.5%35.5%30.9%0.7%3.2%582.5M-46.58B-199.5M0.847.91N/AN/A11,727,0449,871,14844,204,69237,706,004
2012-03-23$21.29$19.4629.2%8.4%22.9%32.6%29.5%1.4%4.2%68.3M-44.36B-199.9M0.6210.06N/AN/A11,244,2686,931,90445,134,40438,981,236
2012-03-26$21.68$19.4627.0%7.8%23.2%27.8%28.2%0.6%4.8%695.0M-50.22B-193.3M0.915.80N/AN/A10,443,4969,468,53642,568,06436,435,420
2012-03-27$21.95$19.2927.0%7.7%22.9%27.7%27.9%0.8%4.7%1.17B-55.86B-190.3M0.673.77N/AN/A13,058,5008,712,73244,128,67235,499,044
2012-03-28$22.06$19.2928.1%8.1%22.8%30.2%29.3%0.9%4.4%1.27B-57.26B-193.1M0.784.24N/AN/A10,739,9608,355,73245,354,87636,312,472
2012-03-29$21.78$19.2928.4%8.1%23.8%30.8%29.1%2.5%4.7%885.6M-51.16B-199.9M0.645.96N/AN/A12,311,2647,856,24046,589,03237,315,460
2012-03-30$21.41$19.2927.9%8.3%25.1%29.6%30.0%2.1%5.5%-295.6M-43.53B-207.8M0.775.80N/AN/A10,025,7367,757,68047,874,48438,319,344