AAPL Options History — August 2012

In August 2012, AAPL traded between $21.67 and $24.13. ATM implied volatility averaged 21.7%, placing in the 16.7% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 0.1% (HV 20d: 21.6%). Max pain ranged from $20.89 to $22.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 23 of 23 days. Put/call ratio averaged 0.63.

Notable Days

  • 2012-08-08: Highest Volume — 44,027,844 contracts
  • 2012-08-16: Largest IV spike — 49.6% change
  • 2012-08-23: Highest IV Rank — 28.7%
  • 2012-08-23: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.95$21.67$24.13$21.67$23.76
Max Pain$21.68$20.89$22.50$21.07$22.50
ATM IV21.7%14.0%27.0%26.4%18.2%
Expected Move6.6%5.5%7.7%6.5%6.6%
HV 20d21.6%16.4%24.8%24.6%17.5%
HV 60d22.3%20.3%24.9%24.7%20.5%
IV Rank16.7%0.0%28.7%26.5%9.4%
IV Percentile18.2%0.0%40.9%31.3%6.0%
Term Structure2.9%1.7%3.9%1.7%3.6%
VWIV23.5%20.1%27.4%23.1%23.4%
Skew 25d1.3%0.5%1.9%0.7%1.4%
Skew 10d3.0%1.2%5.1%2.2%3.5%
Call IV 25d22.6%19.0%26.8%22.6%22.6%
Put IV 25d23.9%19.7%27.9%23.4%24.0%
Bid-Ask Spread %12.323.8032.7311.083.99
Gamma HHI0.070.040.280.050.05
Net GEX1.62B1.21B2.64B1.23B1.33B
Net DEX-46.30B-59.64B-32.97B-36.72B-52.12B
Net VEX-238.8M-264.7M-221.1M-233.1M-262.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.100.980.640.77
Total Volume19,510,671.4789,293,42444,027,84414,559,74821,394,688
Total OI81,476,451.30468,941,68488,183,62081,064,98488,183,620

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-08-01$21.67$21.0726.4%6.5%24.6%26.5%23.1%0.7%1.7%1.23B-36.72B-233.1M0.6411.08N/AN/A8,851,7245,708,02448,844,82432,220,160
2012-08-02$21.71$21.0721.5%6.1%23.8%15.9%22.5%1.1%2.6%1.24B-36.52B-236.5M0.756.63N/AN/A7,257,6845,444,26449,298,45232,973,108
2012-08-03$21.99$21.2519.9%5.5%24.1%12.5%20.1%0.7%3.5%2.34B-42.91B-232.4M0.716.99N/AN/A10,866,1007,694,28850,082,45233,803,952
2012-08-06$22.23$20.8922.6%6.5%24.0%18.3%23.4%1.1%2.8%1.55B-44.06B-226.5M0.6522.58N/AN/A8,504,1045,486,85248,272,39232,053,700
2012-08-07$22.18$21.0722.2%6.3%23.7%17.5%22.9%1.1%2.8%1.50B-42.28B-227.4M0.6332.73N/AN/A6,929,7204,335,91249,163,24033,123,020
2012-08-08$22.14$21.0718.1%6.1%23.6%8.7%20.7%1.3%3.0%1.47B-41.71B-223.9M0.1023.07N/AN/A40,095,8323,932,01249,554,31633,737,284
2012-08-09$22.17$21.2516.3%6.0%23.3%4.7%21.8%1.8%3.3%1.46B-32.97B-224.2M0.9816.39N/AN/A4,913,1604,810,76445,626,36434,393,604
2012-08-10$22.20$21.2515.0%5.7%23.1%1.8%20.6%1.9%3.5%1.43B-34.26B-221.1M0.848.81N/AN/A5,758,9004,818,54845,890,12435,010,696
2012-08-13$22.50$21.2517.3%6.0%23.5%6.9%21.7%1.5%3.4%1.68B-39.57B-222.9M0.5823.54N/AN/A8,253,5324,755,71644,644,65633,316,808
2012-08-14$22.56$21.4316.1%6.1%23.4%4.2%21.9%1.1%3.5%1.83B-41.12B-223.8M0.5911.52N/AN/A13,230,9527,744,38045,670,04434,083,644
2012-08-15$22.53$21.4314.0%6.2%23.5%0.0%22.2%1.8%3.6%1.55B-39.34B-226.2M0.6113.50N/AN/A6,886,4604,209,43646,304,04835,168,280
2012-08-16$22.73$21.4320.9%6.0%23.2%15.2%21.7%1.5%3.9%1.96B-42.57B-225.0M0.746.72N/AN/A8,657,7126,412,08446,201,56835,372,820
2012-08-17$23.15$21.4321.7%6.2%22.9%17.0%22.6%0.6%3.9%2.64B-51.27B-226.2M0.5214.17N/AN/A16,902,9008,745,15646,549,97236,144,276
2012-08-20$23.76$21.6124.8%7.1%24.2%23.7%25.3%0.6%2.4%1.37B-52.20B-226.0M0.539.08N/AN/A23,202,03212,220,76840,940,76028,000,924
2012-08-21$23.43$21.9626.6%7.6%24.8%27.7%26.9%0.5%1.8%1.31B-47.84B-240.6M0.609.96N/AN/A23,953,41214,473,76044,483,20830,559,620
2012-08-22$23.89$22.1426.4%7.6%17.5%27.3%26.9%1.8%2.4%1.69B-54.75B-250.3M0.548.96N/AN/A19,235,24410,460,43646,636,49232,575,592
2012-08-23$23.67$22.3227.0%7.7%18.3%28.7%27.4%1.1%2.1%1.51B-52.36B-263.3M0.6711.31N/AN/A13,381,7048,923,43249,255,83633,749,464
2012-08-24$23.69$22.3226.2%7.5%18.0%26.8%26.5%1.6%2.2%1.58B-52.79B-264.7M0.6412.64N/AN/A13,967,5208,987,55250,620,80835,142,408
2012-08-27$24.13$22.3225.2%7.2%18.2%24.6%25.4%1.4%2.5%1.75B-59.64B-256.1M0.588.26N/AN/A13,025,9647,579,09648,210,56832,351,144
2012-08-28$24.10$22.5024.2%6.9%16.8%22.5%24.7%1.4%3.1%1.79B-59.18B-257.4M0.574.24N/AN/A7,146,2724,084,86450,142,03633,960,080
2012-08-29$24.05$22.5023.7%6.8%16.4%21.4%24.3%1.3%3.3%1.81B-58.18B-258.8M0.633.80N/AN/A5,699,9883,593,43650,747,39634,726,132
2012-08-30$23.71$22.5024.2%6.9%17.8%22.5%24.6%1.8%2.9%1.21B-50.65B-263.7M0.7013.36N/AN/A9,516,8926,692,16851,066,00835,102,480
2012-08-31$23.76$22.5018.2%6.6%17.5%9.4%23.4%1.4%3.6%1.33B-52.12B-262.8M0.773.99N/AN/A12,118,8209,275,86852,095,40036,088,220