AAPL Options History — November 2012

In November 2012, AAPL traded between $18.77 and $21.30. ATM implied volatility averaged 30.5%, placing in the 50.6% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded below realized volatility by 5.6% (HV 20d: 36.1%). Max pain ranged from $18.75 to $22.32. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.73.

Notable Days

  • 2012-11-16: Highest Volume — 51,083,816 contracts
  • 2012-11-15: Largest IV spike — 20.6% change
  • 2012-11-08: Highest IV Rank — 67.8%
  • 2012-11-16: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.16$18.77$21.30$21.30$20.90
Max Pain$21.37$18.75$22.32$22.32$20.71
ATM IV30.5%26.0%36.0%27.2%29.2%
Expected Move8.7%7.4%10.0%7.4%8.4%
HV 20d36.1%29.7%43.4%29.7%39.8%
HV 60d28.5%24.3%31.3%24.3%31.2%
IV Rank50.6%36.9%67.8%40.5%46.8%
IV Percentile67.7%37.7%91.3%49.2%61.1%
Term Structure1.0%-1.3%2.0%1.8%1.9%
VWIV30.6%26.2%35.5%26.2%29.3%
Skew 25d2.4%1.3%3.8%2.2%1.3%
Skew 10d4.9%2.4%8.6%4.4%2.4%
Call IV 25d29.5%24.9%34.0%24.9%29.0%
Put IV 25d31.9%27.1%37.6%27.1%30.2%
Bid-Ask Spread %10.722.9231.9021.775.31
Gamma HHI0.040.030.070.030.04
Net GEX529.5M-359.9M1.63B612.0M1.14B
Net DEX634.4K-22.44B22.85B-7.43B-18.47B
Net VEX-253.0M-282.3M-209.8M-264.4M-277.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.200.930.630.93
Total Volume23,594,953.33310,675,78451,083,81614,024,08016,646,756
Total OI108,771,850.66798,891,828116,439,932102,539,920113,548,092

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-11-01$21.30$22.3227.2%7.4%29.7%40.5%26.2%2.2%1.8%612.0M-7.43B-264.4M0.6321.77N/AN/A8,610,9805,413,10062,049,93240,489,988
2012-11-02$20.60$22.3232.2%8.6%30.3%55.8%30.6%1.9%0.1%-9.3M4.47B-248.8M0.798.37N/AN/A15,683,78012,397,72863,335,91641,566,644
2012-11-05$20.88$22.3231.7%8.3%31.2%54.5%29.0%2.2%1.1%398.5M-2.15B-262.2M0.7118.63N/AN/A10,080,0567,204,00863,341,99241,140,960
2012-11-06$20.82$22.3229.0%8.1%30.8%46.0%27.9%2.0%1.1%429.6M-1.04B-259.3M0.2016.46N/AN/A28,767,6205,673,69664,961,56842,202,188
2012-11-07$19.93$22.3230.5%8.7%33.1%50.6%30.6%2.2%0.7%-232.2M14.47B-239.2M0.7921.00N/AN/A16,839,48013,262,28464,580,65642,957,292
2012-11-08$19.21$22.1436.0%9.6%34.8%67.8%33.5%3.3%-0.1%-359.9M22.85B-223.4M0.8131.90N/AN/A21,695,85617,542,67266,595,28443,998,276
2012-11-09$19.54$21.9632.6%9.4%35.5%57.2%33.1%3.8%0.5%66.3M15.97B-240.2M0.6718.20N/AN/A19,415,36812,933,87269,137,79644,785,020
2012-11-12$19.39$21.7930.6%8.9%35.2%51.0%31.5%3.3%1.0%45.6M15.81B-233.0M0.7411.38N/AN/A9,070,5446,705,30067,246,11642,971,768
2012-11-13$19.39$21.7926.0%8.5%35.1%36.9%30.0%2.9%1.2%71.4M15.76B-230.7M0.817.77N/AN/A8,287,2446,735,93268,964,92443,657,236
2012-11-14$19.17$21.6127.6%8.6%34.7%41.8%30.0%3.0%0.9%-28.9M17.67B-221.4M0.809.35N/AN/A8,375,2766,690,34869,729,38043,605,828
2012-11-15$18.77$0.0033.3%9.6%32.8%59.2%33.5%3.2%-1.3%-250.1M21.96B-209.8M0.783.14N/AN/A16,295,88812,761,05669,782,88843,385,580
2012-11-16$18.85$18.7534.7%10.0%33.2%63.7%35.5%3.7%-0.5%138.6M18.51B-220.5M0.785.74N/AN/A28,777,92422,305,89272,311,03644,128,896
2012-11-19$20.20$21.2531.9%9.0%43.4%55.0%32.4%2.9%1.5%859.3M-9.76B-263.6M0.686.83N/AN/A16,789,55611,432,90460,985,82037,906,008
2012-11-20$20.03$21.2530.8%8.8%41.8%51.6%31.1%2.2%1.7%836.2M-7.26B-265.5M0.867.51N/AN/A11,501,9809,853,25663,341,54440,565,224
2012-11-21$20.06$21.2530.1%8.6%38.7%49.4%30.3%2.2%1.7%868.7M-7.14B-265.4M0.868.00N/AN/A8,453,7887,279,86064,691,17242,178,080
2012-11-23$20.41$21.2529.2%8.3%38.2%46.7%29.5%2.3%0.5%1.34B-13.60B-268.6M0.719.20N/AN/A6,251,7564,424,02865,866,75243,294,160
2012-11-26$21.05$20.3629.5%8.5%40.0%47.6%29.8%1.7%1.5%1.28B-22.20B-280.8M0.653.45N/AN/A15,017,5769,768,08063,987,39240,669,328
2012-11-27$20.88$20.5429.6%8.5%39.9%47.9%29.9%1.5%1.7%1.18B-18.83B-277.2M0.782.92N/AN/A9,710,8207,598,27665,690,96842,351,484
2012-11-28$20.82$20.5429.5%8.5%39.8%47.6%29.8%1.5%1.6%1.10B-17.14B-279.4M0.713.51N/AN/A11,706,2128,315,10466,765,49643,522,416
2012-11-29$21.05$20.5428.6%8.2%39.7%44.8%28.8%1.5%2.0%1.63B-22.44B-282.3M0.714.78N/AN/A11,269,8887,948,27667,856,48844,061,276
2012-11-30$20.90$20.7129.2%8.4%39.8%46.8%29.3%1.3%1.9%1.14B-18.47B-277.7M0.935.31N/AN/A8,622,0968,024,66068,572,75644,975,336