AAPL Options History — April 2013

In April 2013, AAPL traded between $13.95 and $15.81. ATM implied volatility averaged 36.9%, placing in the 70.9% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 9.3% (HV 20d: 27.7%). Max pain ranged from $13.57 to $16.07. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 0.76.

Notable Days

  • 2013-04-17: Highest Volume — 28,488,012 contracts
  • 2013-04-24: Largest IV drop — 33.6% change
  • 2013-04-17: Highest IV Rank — 92.6%
  • 2013-04-18: Largest Expected Move — 12.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.99$13.95$15.81$15.32$15.81
Max Pain$15.15$13.57$16.07$15.71$15.00
ATM IV36.9%24.9%44.1%38.9%26.9%
Expected Move10.6%7.2%12.6%11.0%7.7%
HV 20d27.7%22.1%33.7%28.3%33.7%
HV 60d35.1%27.6%38.9%38.9%29.4%
IV Rank70.9%36.3%92.6%76.4%42.7%
IV Percentile75.7%19.4%98.4%86.9%31.0%
Term Structure-3.2%-7.9%-0.3%-2.9%-0.4%
VWIV37.1%25.5%43.7%38.9%27.3%
Skew 25d1.4%0.4%2.4%0.5%1.6%
Skew 10d2.4%-0.2%3.8%1.0%2.6%
Call IV 25d36.4%24.6%42.7%38.5%26.5%
Put IV 25d37.8%26.1%44.5%39.0%28.2%
Bid-Ask Spread %7.223.2713.883.279.77
Gamma HHI0.060.030.230.040.06
Net GEX28.3M-324.8M604.5M-48.7M604.5M
Net DEX11.91B1.04B20.40B12.39B1.04B
Net VEX-143.2M-165.6M-124.5M-149.4M-165.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.580.930.770.58
Total Volume15,251,379.8187,778,45628,488,01212,755,12020,298,460
Total OI83,685,780.18270,454,32892,160,18079,982,19683,906,592

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-04-01$15.32$15.7138.9%11.0%28.3%76.4%38.9%0.5%-2.9%-48.7M12.39B-149.4M0.773.27N/AN/A7,224,3085,530,81250,622,54429,359,652
2013-04-02$15.35$15.5438.4%10.9%26.8%74.9%38.4%1.1%-2.8%-30.5M12.01B-150.6M0.936.65N/AN/A6,700,7926,215,74852,343,62030,130,324
2013-04-03$15.43$15.5438.5%11.0%25.2%75.2%38.6%1.3%-2.9%9.9M10.95B-152.4M0.917.02N/AN/A5,595,0445,111,70853,416,94430,715,524
2013-04-04$15.28$15.5439.0%11.2%25.0%76.9%39.3%1.4%-3.4%-139.7M12.68B-149.8M0.794.19N/AN/A5,763,6884,543,25254,210,54831,247,272
2013-04-05$15.11$15.5440.1%11.5%24.9%80.3%40.2%1.4%-2.9%-231.0M14.17B-148.5M0.834.29N/AN/A8,509,7327,027,66455,179,26431,889,592
2013-04-08$15.22$15.5440.7%11.7%25.1%81.9%40.8%1.2%-3.5%21.4M11.56B-149.6M0.815.76N/AN/A4,640,6643,737,21652,738,58830,149,252
2013-04-09$15.25$15.5439.5%11.3%24.5%78.4%39.7%1.5%-3.7%30.4M11.92B-148.0M0.694.83N/AN/A4,600,9043,177,55253,778,00431,022,824
2013-04-10$15.56$15.5438.9%11.2%24.3%76.6%39.0%1.6%-3.7%338.7M7.70B-155.6M0.656.75N/AN/A7,312,1164,737,79654,589,44431,360,616
2013-04-11$15.51$0.0037.1%10.8%24.4%71.1%38.2%1.3%-2.9%270.3M8.44B-153.6M0.703.47N/AN/A6,320,8324,402,63654,968,84431,879,344
2013-04-12$15.35$15.3636.7%10.8%24.4%69.8%37.6%0.4%-2.7%-324.3M11.07B-150.0M0.724.37N/AN/A6,859,6364,964,06455,659,12832,228,532
2013-04-15$14.99$16.0739.5%11.0%23.8%78.4%38.7%0.6%-5.8%-113.6M13.68B-143.9M0.7611.81N/AN/A5,302,8644,048,43653,152,76430,614,500
2013-04-16$15.22$16.0737.1%10.5%22.1%71.1%36.5%1.4%-5.8%28.7M11.62B-145.5M0.866.24N/AN/A5,185,2924,466,95254,328,06431,108,756
2013-04-17$14.39$16.0744.1%12.5%29.1%92.6%43.7%1.9%-7.9%-282.7M18.18B-133.0M0.938.15N/AN/A14,775,23613,712,77654,838,33631,335,052
2013-04-18$14.00$15.8943.8%12.6%30.0%91.5%43.7%1.8%-1.7%-257.2M20.40B-125.5M0.839.28N/AN/A12,407,50010,360,00057,334,78832,345,320
2013-04-19$13.95$15.7142.4%12.3%29.9%87.1%42.5%2.0%-2.2%-324.8M20.27B-124.5M0.856.23N/AN/A12,674,50810,735,64859,340,90432,819,276
2013-04-22$14.24$13.5741.4%11.7%29.9%84.3%41.2%2.4%-5.7%3.5M13.85B-126.3M0.625.05N/AN/A6,848,4924,279,12843,680,98026,773,348
2013-04-23$14.50$13.5742.7%12.1%31.1%88.1%42.2%1.3%-7.2%92.9M11.33B-134.3M0.7113.88N/AN/A11,370,6048,038,46445,855,57227,984,824
2013-04-24$14.48$13.9328.3%8.1%31.2%44.0%28.9%1.8%-0.9%71.4M12.53B-129.6M0.689.16N/AN/A15,464,48410,446,99649,326,48031,079,272
2013-04-25$14.58$13.9326.5%7.6%31.1%38.3%27.2%1.6%-0.3%240.2M11.67B-131.8M0.738.76N/AN/A6,844,2365,020,54050,998,19232,060,728
2013-04-26$14.90$13.9324.9%7.2%31.8%36.3%25.5%1.6%-0.4%266.7M8.67B-131.5M0.8011.18N/AN/A12,678,51210,129,53251,366,50432,621,652
2013-04-29$15.36$14.6427.4%7.8%32.1%44.6%27.5%1.4%-1.0%396.7M5.94B-152.0M0.668.72N/AN/A10,529,9046,935,62849,147,25231,578,148
2013-04-30$15.81$15.0026.9%7.7%33.7%42.7%27.3%1.6%-0.4%604.5M1.04B-165.6M0.589.77N/AN/A12,848,8087,449,65250,715,33633,191,256