AAPL Options History — May 2013

In May 2013, AAPL traded between $15.32 and $16.57. ATM implied volatility averaged 25.9%, placing in the 39.7% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded below realized volatility by 4.1% (HV 20d: 30.0%). Max pain ranged from $15.00 to $16.96. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.67.

Notable Days

  • 2013-05-08: Highest Volume — 50,545,068 contracts
  • 2013-05-15: Largest IV spike — 11.0% change
  • 2013-05-15: Highest IV Rank — 46.1%
  • 2013-05-15: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.94$15.32$16.57$15.69$16.06
Max Pain$16.00$15.00$16.96$15.18$15.54
ATM IV25.9%24.2%27.9%27.5%25.6%
Expected Move7.4%6.9%8.0%7.9%7.4%
HV 20d30.0%23.2%34.7%33.8%23.2%
HV 60d28.3%27.3%29.0%29.0%27.3%
IV Rank39.7%33.8%46.1%44.9%38.6%
IV Percentile28.1%15.5%43.7%38.1%27.4%
Term Structure-0.4%-0.9%0.5%-0.7%-0.9%
VWIV26.3%24.4%28.6%27.9%25.9%
Skew 25d1.4%0.8%2.2%1.8%1.2%
Skew 10d2.7%1.3%4.3%3.1%1.9%
Call IV 25d25.7%24.0%27.7%27.1%25.6%
Put IV 25d27.0%25.2%29.6%29.0%26.8%
Bid-Ask Spread %12.633.1638.009.8338.00
Gamma HHI0.130.040.810.060.46
Net GEX813.8M-259.9M6.33B521.8M1.86B
Net DEX5.05B-5.47B15.95B3.40B3.70B
Net VEX-168.4M-176.6M-158.2M-167.4M-169.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.150.970.690.63
Total Volume15,090,666.1828,427,94450,545,06813,908,97214,231,196
Total OI84,223,447.63675,649,44890,728,40086,550,15681,810,624

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-05-01$15.69$15.1827.5%7.9%33.8%44.9%27.9%1.8%-0.7%521.8M3.40B-167.4M0.699.83N/AN/A8,221,3885,687,58452,192,84034,357,316
2013-05-02$15.91$15.3625.3%7.3%33.9%37.5%26.6%1.6%0.1%781.8M282.0M-167.5M0.6423.86N/AN/A9,029,1325,797,54052,918,65635,198,156
2013-05-03$16.07$15.3624.2%6.9%33.6%33.8%25.2%1.2%0.2%6.33B-1.48B-169.8M0.6919.52N/AN/A9,469,2086,546,12053,536,56036,201,200
2013-05-06$16.45$15.5425.6%7.3%34.4%38.4%25.9%1.1%-0.6%726.8M-4.13B-172.1M0.5820.80N/AN/A10,734,1366,204,57650,812,21633,603,360
2013-05-07$16.38$15.8925.6%7.3%34.5%38.5%26.6%1.0%-0.7%637.3M-2.01B-173.5M0.6011.53N/AN/A8,329,8324,988,59252,063,53635,037,324
2013-05-08$16.57$15.8924.5%7.0%34.1%34.8%24.4%0.9%-0.6%1.01B-5.47B-176.0M0.1516.32N/AN/A44,031,3726,513,69652,844,90435,648,788
2013-05-09$16.31$15.8925.2%7.2%34.7%37.2%25.3%0.8%-0.5%473.2M4.25B-176.6M0.738.88N/AN/A8,161,3005,968,56450,534,68037,217,488
2013-05-10$16.18$16.0724.5%7.0%34.6%34.9%24.7%1.0%-0.2%325.1M6.17B-175.1M0.7110.13N/AN/A8,170,0645,818,48451,570,93237,250,920
2013-05-13$16.24$16.0725.0%7.2%33.2%36.4%25.4%0.8%-0.4%557.8M4.47B-172.4M0.7113.43N/AN/A4,937,9683,489,97650,174,15234,876,464
2013-05-14$15.85$16.0725.1%7.2%34.3%36.9%25.4%0.9%-0.4%127.0M10.08B-164.8M0.8412.09N/AN/A7,383,2926,174,30850,937,04035,411,348
2013-05-15$15.32$16.0727.9%8.0%29.9%46.1%28.6%1.9%-0.5%-259.9M15.95B-158.2M0.907.35N/AN/A12,025,77610,880,46451,627,52035,729,568
2013-05-16$15.52$0.0027.2%7.8%27.9%44.0%27.9%2.2%-0.7%70.1M12.65B-161.7M0.819.54N/AN/A9,596,1887,747,62853,103,40036,167,516
2013-05-17$15.47$15.0026.7%7.7%27.9%42.3%27.4%1.8%-0.7%138.8M12.91B-162.9M0.9711.47N/AN/A7,607,8247,383,09653,887,26036,841,140
2013-05-20$15.82$16.9626.5%7.5%28.0%41.4%26.5%1.6%-0.2%318.1M6.93B-167.8M0.633.62N/AN/A6,954,6404,357,52846,005,20429,644,244
2013-05-21$15.70$16.9626.9%7.7%27.8%42.9%26.9%1.4%-0.3%297.1M7.86B-167.2M0.725.87N/AN/A6,303,5284,539,30447,471,90030,629,312
2013-05-22$15.76$16.9626.5%7.6%27.8%41.5%26.8%1.5%-0.6%378.5M7.09B-167.0M0.684.77N/AN/A6,695,9484,549,52448,194,72030,999,164
2013-05-23$15.79$16.9626.6%7.6%27.8%41.7%26.8%1.8%0.2%406.4M6.89B-168.0M0.754.91N/AN/A6,529,0124,906,60848,892,50831,511,928
2013-05-24$15.90$16.7925.5%7.3%27.0%38.3%25.8%1.7%0.5%1.72B5.38B-167.3M0.713.16N/AN/A5,892,2924,158,56049,295,06432,063,500
2013-05-28$15.77$15.7126.6%7.6%25.3%41.8%26.4%1.6%-0.7%303.2M7.75B-162.4M0.5413.73N/AN/A6,973,1763,791,42447,055,62430,008,020
2013-05-29$15.89$15.8926.2%7.5%23.2%40.5%26.5%1.3%-0.4%416.4M5.83B-166.4M0.5410.38N/AN/A5,524,7642,988,88848,381,14430,675,624
2013-05-30$16.13$15.8926.0%7.5%23.6%40.0%26.2%1.3%-0.5%766.6M2.59B-170.9M0.5918.66N/AN/A7,990,3604,709,79649,366,12831,166,856
2013-05-31$16.06$15.5425.6%7.4%23.2%38.6%25.9%1.2%-0.9%1.86B3.70B-169.9M0.6338.00N/AN/A8,743,7285,487,46850,095,22031,715,404