AAPL Options History — May 2012

In May 2012, AAPL traded between $18.93 and $20.93. ATM implied volatility averaged 29.1%, placing in the 32.2% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded below realized volatility by 11.1% (HV 20d: 40.1%). Max pain ranged from $20.36 to $20.89. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 0.78.

Notable Days

  • 2012-05-17: Highest Volume — 31,241,980 contracts
  • 2012-05-29: Largest IV spike — 16.0% change
  • 2012-05-17: Highest IV Rank — 43.5%
  • 2012-05-17: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.17$18.93$20.93$20.79$20.63
Max Pain$20.56$20.36$20.89$20.36$20.36
ATM IV29.1%26.0%34.3%30.6%27.2%
Expected Move8.4%7.5%9.8%8.1%8.0%
HV 20d40.1%29.7%46.5%46.5%30.0%
HV 60d33.8%32.6%35.4%33.3%35.1%
IV Rank32.2%25.7%43.5%35.5%28.3%
IV Percentile54.7%33.7%81.3%66.3%40.5%
Term Structure1.8%0.5%3.1%1.3%3.1%
VWIV29.5%26.3%34.2%28.5%28.5%
Skew 25d2.5%1.5%4.5%2.2%1.7%
Skew 10d5.2%2.8%10.3%4.6%3.9%
Call IV 25d28.1%25.5%32.7%27.4%27.1%
Put IV 25d30.6%27.2%36.1%29.6%28.8%
Bid-Ask Spread %6.293.1125.054.024.05
Gamma HHI0.080.030.530.040.05
Net GEX233.5M-1.94B931.7M525.0M931.7M
Net DEX-22.14B-32.63B-2.34B-28.93B-31.98B
Net VEX-253.4M-269.9M-241.1M-251.0M-264.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.621.170.820.73
Total Volume17,441,483.81810,990,78431,241,98016,513,42016,481,920
Total OI89,065,239.45577,281,79299,805,97288,796,98884,931,784

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-05-01$20.79$20.3630.6%8.1%46.5%35.5%28.5%2.2%1.3%525.0M-28.93B-251.0M0.824.02N/AN/A9,082,4447,430,97652,401,04836,395,940
2012-05-02$20.93$20.3629.3%7.6%46.0%32.8%26.6%2.1%2.1%580.1M-30.96B-249.4M0.683.11N/AN/A7,986,6925,464,73253,102,47637,177,756
2012-05-03$20.78$20.3626.0%7.5%46.0%25.7%26.3%1.7%2.0%391.9M-28.10B-249.7M0.674.23N/AN/A7,852,1805,285,86853,552,77237,802,716
2012-05-04$20.19$20.8927.1%8.4%46.3%28.1%29.4%1.5%1.0%-1.94B-17.38B-244.5M1.175.74N/AN/A9,733,64011,352,48854,244,65238,215,716
2012-05-07$20.34$20.8929.3%8.5%46.4%32.7%29.8%2.4%1.4%359.1M-22.49B-248.2M0.746.89N/AN/A9,067,4646,673,29652,284,98837,012,864
2012-05-08$20.29$20.8928.1%8.7%46.4%30.2%30.9%2.4%1.1%368.2M-22.03B-248.8M0.774.78N/AN/A8,435,0566,472,25653,548,65637,996,644
2012-05-09$20.33$20.8927.1%8.6%46.4%28.0%30.4%2.4%1.5%505.4M-23.58B-251.7M0.854.72N/AN/A8,531,4887,221,20054,490,29638,614,072
2012-05-10$20.38$20.8928.4%8.1%46.5%30.8%28.8%2.4%2.2%564.9M-24.09B-250.9M0.727.95N/AN/A6,680,8844,784,24855,089,77639,225,256
2012-05-11$20.24$20.7127.2%7.8%45.6%28.2%28.0%2.3%2.6%265.3M-21.52B-242.8M0.648.36N/AN/A9,050,6085,823,02055,316,85639,644,052
2012-05-14$19.94$20.7128.9%8.3%43.5%31.9%29.1%3.1%2.3%64.0M-16.37B-243.1M0.848.26N/AN/A5,964,4205,026,36453,332,83238,378,060
2012-05-15$19.76$20.7128.3%8.1%39.0%30.7%28.4%3.1%2.1%-59.2M-13.56B-241.1M0.806.28N/AN/A8,872,1367,120,12054,425,39239,075,456
2012-05-16$19.50$20.7130.5%8.7%39.1%35.4%30.7%4.5%1.7%-283.6M-9.25B-241.7M0.6425.05N/AN/A11,158,2807,108,92054,810,53239,445,504
2012-05-17$18.93$20.5434.3%9.8%38.6%43.5%34.2%3.3%0.5%-426.4M-2.34B-244.0M0.8010.34N/AN/A17,398,10813,843,87256,204,56840,074,524
2012-05-18$18.94$20.5432.2%9.2%37.9%39.1%32.1%3.9%1.3%-1.54B-4.74B-248.4M1.104.76N/AN/A13,450,19214,754,23659,305,93240,500,040
2012-05-21$20.05$20.3628.6%8.2%43.6%31.3%29.2%2.5%1.8%554.8M-24.29B-262.1M0.624.66N/AN/A13,191,3048,195,15246,024,02031,257,772
2012-05-22$19.89$20.3629.2%8.4%43.1%32.5%29.2%2.5%1.3%599.6M-22.83B-263.6M0.715.28N/AN/A13,580,3649,681,02847,745,29232,325,160
2012-05-23$20.38$20.3630.3%8.7%30.8%34.8%30.7%2.4%1.2%815.8M-29.37B-269.9M0.804.58N/AN/A11,060,7008,863,12048,355,60833,310,452
2012-05-24$20.19$20.3630.0%8.6%30.8%34.3%30.2%2.1%1.6%714.1M-26.66B-265.3M0.885.24N/AN/A9,617,6368,480,38849,252,25234,110,804
2012-05-25$20.08$20.3626.2%8.4%30.8%26.1%29.7%2.2%2.5%485.1M-24.78B-268.7M0.743.25N/AN/A8,693,0206,406,98850,419,96434,990,788
2012-05-29$20.44$20.3630.4%8.2%29.7%35.2%28.8%2.1%2.0%733.8M-29.27B-259.5M0.663.43N/AN/A8,218,0845,396,04848,549,73233,265,372
2012-05-30$20.68$20.3629.5%8.0%30.1%33.2%28.6%2.2%3.0%921.4M-32.63B-265.3M0.803.46N/AN/A7,919,1846,302,52049,158,59234,068,300
2012-05-31$20.63$20.3627.2%8.0%30.0%28.3%28.5%1.7%3.1%931.7M-31.98B-264.2M0.734.05N/AN/A9,553,6846,928,23649,905,18435,026,600