AAPL Options History — June 2013

In June 2013, AAPL traded between $14.06 and $16.10. ATM implied volatility averaged 27.1%, placing in the 43.7% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 9.4% (HV 20d: 17.8%). Max pain ranged from $14.29 to $16.43. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.71.

Notable Days

2013-06-21: Highest Volume — 17,815,000 contracts
2013-06-24: Largest IV spike — 18.5% change
2013-06-27: Highest IV Rank — 64.1%
2013-06-27: Largest Expected Move — 9.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$15.20	$14.06	$16.10	$16.10	$14.16
Max Pain	$15.62	$14.29	$16.43	$15.71	$14.29
ATM IV	27.1%	22.5%	33.3%	26.7%	32.9%
Expected Move	7.8%	6.5%	9.6%	7.6%	9.6%
HV 20d	17.8%	13.3%	22.9%	22.9%	15.5%
HV 60d	26.3%	25.4%	27.2%	27.2%	25.5%
IV Rank	43.7%	28.3%	64.1%	42.1%	62.8%
IV Percentile	37.1%	8.7%	71.8%	36.1%	70.6%
Term Structure	0.7%	-3.2%	6.0%	-0.5%	-1.1%
VWIV	27.4%	22.8%	33.7%	26.8%	33.4%
Skew 25d	1.7%	0.9%	2.8%	1.7%	2.6%
Skew 10d	3.3%	1.5%	5.6%	3.4%	5.6%
Call IV 25d	26.7%	22.5%	32.7%	26.0%	32.3%
Put IV 25d	28.4%	23.4%	35.2%	27.7%	35.0%
Bid-Ask Spread %	13.34	3.27	23.44	17.75	17.51
Gamma HHI	0.07	0.04	0.36	0.05	0.04
Net GEX	13.8M	-823.3M	527.4M	487.5M	-88.3M
Net DEX	11.81B	3.95B	18.45B	3.95B	15.28B
Net VEX	-145.6M	-169.5M	-122.0M	-169.1M	-125.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.71	0.54	0.93	0.54	0.72
Total Volume	11,126,850	5,713,316	17,815,000	11,174,688	15,928,136
Total OI	80,475,690.4	67,503,576	86,111,004	78,973,216	75,084,072

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2013-06-03	$16.10	$15.71	26.7%	7.6%	22.9%	42.1%	26.8%	1.7%	-0.5%	487.5M	3.95B	-169.1M	0.54	17.75	N/A	N/A	7,277,004	3,897,684	48,773,732	30,199,484
2013-06-04	$16.05	$15.89	26.4%	7.5%	21.2%	41.1%	26.5%	1.6%	-0.4%	527.4M	4.25B	-169.5M	0.63	20.48	N/A	N/A	5,321,764	3,354,624	50,204,448	31,090,528
2013-06-05	$15.90	$15.89	27.0%	7.7%	21.3%	43.3%	27.0%	1.3%	-0.5%	368.6M	6.17B	-167.1M	0.65	16.99	N/A	N/A	5,357,688	3,483,564	50,765,372	31,577,728
2013-06-06	$15.66	$15.89	27.8%	8.0%	21.3%	45.9%	27.8%	1.6%	-0.8%	40.7M	9.78B	-163.1M	0.60	14.35	N/A	N/A	9,907,996	5,898,676	51,506,560	32,109,504
2013-06-07	$15.78	$15.89	27.2%	7.8%	21.1%	43.8%	27.4%	1.5%	-0.5%	353.4M	7.15B	-165.3M	0.60	20.56	N/A	N/A	9,807,448	5,836,880	52,811,528	32,563,468
2013-06-10	$15.67	$15.89	25.8%	7.4%	21.0%	39.3%	26.1%	1.5%	0.0%	297.2M	8.74B	-159.2M	0.54	17.15	N/A	N/A	8,198,876	4,437,244	50,759,016	31,144,708
2013-06-11	$15.63	$15.89	24.8%	7.1%	20.9%	35.8%	25.0%	1.5%	0.5%	224.6M	9.72B	-156.9M	0.67	7.97	N/A	N/A	5,006,960	3,368,820	51,855,020	31,946,152
2013-06-12	$15.44	$15.89	24.9%	7.2%	19.6%	36.4%	25.1%	1.2%	0.6%	-9.2M	12.12B	-149.8M	0.68	8.12	N/A	N/A	5,718,776	3,891,748	52,185,056	32,117,652
2013-06-13	$15.57	$0.00	24.4%	7.0%	15.5%	34.5%	24.6%	1.4%	0.4%	157.5M	10.46B	-152.2M	0.81	8.80	N/A	N/A	5,588,464	4,519,480	52,607,660	32,377,912
2013-06-14	$15.36	$15.71	24.5%	7.0%	15.6%	34.8%	24.5%	1.3%	0.4%	-823.3M	13.22B	-145.5M	0.76	21.19	N/A	N/A	6,096,020	4,621,624	52,815,252	32,673,004
2013-06-17	$15.43	$16.43	24.0%	6.9%	15.7%	33.2%	24.2%	1.3%	4.4%	54.1M	11.63B	-145.5M	0.61	3.75	N/A	N/A	4,893,644	2,981,888	50,405,152	31,335,976
2013-06-18	$15.42	$16.43	22.9%	6.6%	13.3%	29.6%	23.1%	1.1%	4.6%	63.6M	11.94B	-141.9M	0.75	3.27	N/A	N/A	3,266,648	2,446,668	51,538,312	31,630,396
2013-06-19	$15.11	$16.43	22.5%	6.5%	14.8%	28.3%	22.8%	0.9%	5.0%	-253.9M	15.50B	-133.8M	0.77	4.63	N/A	N/A	5,129,628	3,955,532	51,992,724	31,772,748
2013-06-20	$14.89	$16.25	25.5%	7.3%	15.3%	38.2%	25.5%	1.7%	5.9%	-328.4M	17.38B	-133.7M	0.92	3.91	N/A	N/A	7,499,408	6,901,384	52,270,456	31,842,860
2013-06-21	$14.77	$16.25	26.6%	7.3%	15.3%	41.8%	25.6%	2.1%	6.0%	-320.3M	18.45B	-136.0M	0.93	4.33	N/A	N/A	9,251,536	8,563,464	53,549,720	32,561,284
2013-06-24	$14.38	$14.82	31.5%	9.4%	16.9%	58.0%	33.4%	2.4%	-2.7%	-104.8M	14.47B	-127.7M	0.75	15.69	N/A	N/A	6,984,740	5,244,736	41,225,660	26,277,916
2013-06-25	$14.38	$14.46	31.1%	9.2%	17.0%	56.9%	32.5%	2.8%	-2.5%	-63.7M	14.25B	-126.4M	0.72	18.74	N/A	N/A	4,823,756	3,456,348	43,276,996	27,300,700
2013-06-26	$14.22	$14.46	33.1%	9.5%	16.5%	63.6%	33.2%	2.6%	-3.2%	-128.0M	15.46B	-122.7M	0.81	18.16	N/A	N/A	5,326,300	4,297,300	44,118,956	27,734,028
2013-06-27	$14.06	$14.29	33.3%	9.6%	14.7%	64.1%	33.7%	2.5%	-1.5%	-179.3M	16.29B	-122.0M	0.86	23.44	N/A	N/A	5,363,316	4,631,228	45,180,464	28,331,604
2013-06-28	$14.16	$14.29	32.9%	9.6%	15.5%	62.8%	33.4%	2.6%	-1.1%	-88.3M	15.28B	-125.2M	0.72	17.51	N/A	N/A	9,280,880	6,647,256	46,083,464	29,000,608