AAPL Options History — July 2012

In July 2012, AAPL traded between $20.53 and $21.94. ATM implied volatility averaged 26.4%, placing in the 26.4% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 6.1% (HV 20d: 20.3%). Max pain ranged from $19.64 to $21.07. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.67.

Notable Days

  • 2012-07-25: Highest Volume — 36,776,964 contracts
  • 2012-07-12: Largest IV spike — 38.5% change
  • 2012-07-24: Highest IV Rank — 45.5%
  • 2012-07-24: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.47$20.53$21.94$21.16$21.81
Max Pain$20.65$19.64$21.07$19.64$21.07
ATM IV26.4%15.8%35.2%19.1%26.2%
Expected Move8.1%5.5%10.1%6.5%6.4%
HV 20d20.3%17.5%24.8%19.3%24.8%
HV 60d29.0%23.7%33.9%33.6%24.7%
IV Rank26.4%3.6%45.5%10.8%26.0%
IV Percentile39.6%0.8%82.9%6.0%30.2%
Term Structure-0.6%-5.3%7.4%6.0%2.0%
VWIV28.6%20.1%34.6%23.4%23.3%
Skew 25d2.6%1.0%4.5%1.6%1.0%
Skew 10d5.2%1.9%8.6%2.7%1.9%
Call IV 25d27.0%18.6%32.6%22.5%22.1%
Put IV 25d29.6%20.3%36.1%24.1%23.1%
Bid-Ask Spread %10.572.5023.872.508.11
Gamma HHI0.110.040.730.060.06
Net GEX1.64B181.4M9.73B1.13B1.43B
Net DEX-39.00B-50.32B-17.06B-38.45B-40.56B
Net VEX-236.9M-249.9M-217.5M-240.4M-231.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.530.780.680.53
Total Volume17,447,885.3337,612,50036,776,96414,028,47622,417,192
Total OI84,382,922.66770,134,59692,000,97280,586,57678,683,472

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-07-02$21.16$19.6419.1%6.5%19.3%10.8%23.4%1.6%6.0%1.13B-38.45B-240.4M0.682.50N/AN/A8,338,2605,690,21648,164,81632,421,760
2012-07-03$21.41$19.6415.8%6.2%19.4%3.6%22.3%1.9%7.4%1.42B-42.60B-241.2M0.773.63N/AN/A6,290,7884,822,77649,172,17233,322,632
2012-07-05$21.78$19.6421.6%6.4%19.6%16.1%22.8%1.0%7.0%1.65B-49.11B-238.7M0.652.91N/AN/A15,379,4769,936,41649,527,52033,761,000
2012-07-06$21.64$20.3622.0%8.7%19.9%17.0%30.9%2.6%-1.9%1.05B-45.14B-246.1M0.7414.61N/AN/A11,346,0488,431,52851,035,82435,167,692
2012-07-09$21.92$20.5422.3%8.7%19.8%17.5%31.3%2.3%-2.4%1.48B-49.42B-241.0M0.6913.66N/AN/A8,208,5085,637,77250,452,55633,951,456
2012-07-10$21.72$20.5425.5%9.5%19.1%24.4%33.5%1.9%-3.1%1.31B-45.70B-245.9M0.6215.99N/AN/A12,557,3847,784,53251,590,02834,918,716
2012-07-11$21.59$20.7123.6%9.4%19.2%20.3%33.6%2.2%-3.3%1.12B-42.40B-249.9M0.6723.71N/AN/A9,973,1526,657,36453,185,94436,269,408
2012-07-12$21.39$20.7132.6%9.4%19.4%39.9%33.0%2.6%-3.1%846.6M-38.68B-241.5M0.6823.87N/AN/A10,602,5087,200,25653,919,71236,739,696
2012-07-13$21.61$20.7132.3%9.2%19.5%39.1%32.7%3.4%-3.2%9.73B-43.60B-243.2M0.6717.08N/AN/A9,621,5566,456,26854,781,55237,219,420
2012-07-16$21.68$20.7132.3%9.3%19.5%39.2%32.4%3.7%-3.5%1.39B-44.93B-237.4M0.5810.43N/AN/A7,248,2764,175,30452,216,16435,420,056
2012-07-17$21.68$20.7131.8%9.1%18.4%38.0%31.9%3.8%-3.2%1.45B-45.12B-235.4M0.5512.11N/AN/A7,042,5883,843,28052,861,81635,981,764
2012-07-18$21.65$20.7132.4%9.3%18.5%39.4%32.7%4.0%-3.7%1.37B-44.51B-239.1M0.7211.46N/AN/A4,423,0203,189,48053,216,63236,371,748
2012-07-19$21.94$20.8931.6%9.1%18.8%37.7%32.1%4.0%-3.1%1.77B-50.32B-239.1M0.5711.01N/AN/A10,986,8646,290,20053,229,20436,603,952
2012-07-20$21.58$20.8931.4%9.0%19.1%37.4%31.7%3.4%-3.1%939.5M-41.96B-237.4M0.688.03N/AN/A10,970,1207,411,40453,727,88437,251,984
2012-07-23$21.57$20.8934.6%9.9%19.1%44.1%34.5%4.4%-4.5%876.1M-32.70B-239.5M0.759.04N/AN/A9,090,2286,823,90843,693,55226,441,044
2012-07-24$21.46$21.0735.2%10.1%17.5%45.5%34.6%4.5%-5.3%906.9M-32.27B-237.2M0.6520.59N/AN/A12,479,6008,157,38045,994,45228,384,216
2012-07-25$20.53$21.0721.9%6.3%24.1%16.7%22.5%1.5%1.9%181.4M-17.06B-217.5M0.632.65N/AN/A22,621,70414,155,26049,498,45630,742,376
2012-07-26$20.53$21.0720.4%5.9%24.1%13.6%21.3%2.0%2.2%395.4M-17.83B-220.7M0.783.32N/AN/A8,284,8646,432,13251,297,90432,274,060
2012-07-27$20.90$21.0718.6%5.5%24.6%9.5%20.1%1.7%2.4%2.82B-25.58B-226.0M0.773.29N/AN/A11,479,4408,864,46451,681,05632,798,584
2012-07-30$21.25$20.8923.3%5.8%23.5%19.7%21.0%1.5%2.4%1.14B-31.15B-226.1M0.663.92N/AN/A9,071,8606,012,21647,712,05630,357,040
2012-07-31$21.81$21.0726.2%6.4%24.8%26.0%23.3%1.0%2.0%1.43B-40.56B-231.9M0.538.11N/AN/A14,673,2047,743,98848,006,14030,677,332