AAPL Options History — September 2013

In September 2013, AAPL traded between $16.08 and $18.08. ATM implied volatility averaged 29.1%, placing in the 37.9% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded below realized volatility by 1.2% (HV 20d: 30.3%). Max pain ranged from $16.07 to $17.68. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.58.

Notable Days

  • 2013-09-11: Highest Volume — 24,882,340 contracts
  • 2013-09-23: Largest IV spike — 10.5% change
  • 2013-09-30: Highest IV Rank — 55.3%
  • 2013-09-16: Largest Expected Move — 9.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.15$16.08$18.08$17.45$17.03
Max Pain$16.75$16.07$17.68$17.50$16.07
ATM IV29.1%25.7%33.4%29.8%33.4%
Expected Move8.7%7.3%9.3%8.5%9.0%
HV 20d30.3%25.2%36.5%25.5%35.8%
HV 60d26.8%23.8%28.9%23.8%28.5%
IV Rank37.9%22.9%55.3%44.6%55.3%
IV Percentile47.9%18.7%73.4%59.1%73.4%
Term Structure0.2%-2.4%5.4%-1.0%-1.6%
VWIV30.6%25.8%32.5%30.1%31.4%
Skew 25d-0.2%-1.2%0.4%0.0%-1.2%
Skew 10d-0.9%-2.5%0.3%-0.6%-2.5%
Call IV 25d29.7%25.8%34.2%30.2%34.2%
Put IV 25d29.5%26.2%33.0%30.2%33.0%
Bid-Ask Spread %5.131.6012.785.541.81
Gamma HHI0.100.040.620.070.07
Net GEX570.5M-2.07B1.03B650.5M591.3M
Net DEX-8.69B-20.84B5.76B-11.73B-7.43B
Net VEX-171.8M-184.3M-154.6M-176.4M-167.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.460.750.520.51
Total Volume14,019,9717,373,07224,882,34011,475,4927,373,072
Total OI79,601,890.273,946,43285,615,34873,946,43274,936,456

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-09-03$17.45$17.5029.8%8.5%25.5%44.6%30.1%0.0%-1.0%650.5M-11.73B-176.4M0.525.54N/AN/A7,543,1443,932,34846,856,90827,089,524
2013-09-04$17.81$17.5029.1%8.3%26.0%42.0%29.5%-0.3%-1.2%1.03B-17.77B-182.7M0.596.01N/AN/A7,346,9204,300,43648,040,77627,739,264
2013-09-05$17.69$17.5029.4%8.4%26.2%43.2%30.0%-0.5%-1.0%803.5M-15.39B-181.0M0.545.59N/AN/A5,612,2363,037,63648,813,32428,514,192
2013-09-06$17.79$17.5029.8%8.5%25.9%40.2%30.5%-0.5%-1.0%991.8M-17.40B-184.3M0.606.25N/AN/A8,856,9325,320,61649,631,37228,905,632
2013-09-09$18.08$17.5029.9%8.6%25.2%40.7%30.3%-0.6%-1.4%979.8M-20.84B-181.9M0.485.48N/AN/A7,691,5163,698,52047,562,64827,327,608
2013-09-10$17.67$17.6829.0%8.3%25.7%37.0%29.7%-0.8%-1.0%752.4M-14.37B-178.1M0.469.90N/AN/A14,953,2886,917,42848,933,02428,326,284
2013-09-11$16.70$17.6828.5%8.2%28.2%34.6%29.1%-0.4%-0.9%152.9M488.4M-164.9M0.5312.51N/AN/A16,247,1128,635,22850,962,52029,279,460
2013-09-12$16.88$0.0026.1%7.5%27.6%24.5%26.5%0.0%0.1%501.2M-3.22B-170.3M0.6712.78N/AN/A9,175,6566,150,39653,354,05630,367,372
2013-09-13$16.60$16.7925.7%7.3%28.1%22.9%25.8%0.4%0.0%-2.07B1.61B-164.4M0.7311.30N/AN/A8,223,0125,969,01254,613,21631,002,132
2013-09-16$16.08$0.0027.2%9.3%29.4%29.2%32.2%0.2%3.2%129.4M5.76B-154.6M0.562.86N/AN/A10,834,2646,079,64050,806,56028,985,544
2013-09-17$16.26$16.4325.8%9.1%29.5%23.5%31.8%0.4%3.7%357.5M2.93B-159.0M0.623.23N/AN/A7,576,1004,722,39653,005,93229,562,148
2013-09-18$16.60$16.0725.9%9.1%30.7%24.1%32.1%0.2%3.8%721.6M-2.86B-164.8M0.652.54N/AN/A7,965,1885,148,75253,996,93629,941,492
2013-09-19$16.87$16.0725.9%9.2%31.5%24.0%32.0%0.1%5.4%985.7M-7.62B-168.9M0.611.76N/AN/A8,728,2165,350,10054,334,98030,061,052
2013-09-20$16.69$16.0728.0%9.2%31.5%32.7%32.2%0.2%5.3%630.1M-3.70B-164.8M0.754.21N/AN/A10,643,4168,030,26054,950,84030,643,704
2013-09-23$17.52$16.4331.0%9.2%36.5%45.0%32.5%-0.3%-2.4%904.7M-15.30B-176.3M0.492.49N/AN/A13,584,3406,613,01247,794,34827,006,084
2013-09-24$17.47$16.0731.0%9.1%36.5%45.0%31.9%-0.2%-2.3%989.4M-14.30B-176.0M0.631.82N/AN/A7,438,0604,706,66049,719,65628,120,680
2013-09-25$17.20$16.0732.2%9.0%35.5%50.1%31.3%-0.4%-2.1%694.1M-9.84B-173.6M0.563.17N/AN/A7,382,1724,144,70050,455,52429,001,112
2013-09-26$17.36$16.4331.8%8.9%35.6%48.4%31.4%-0.4%-1.1%903.4M-12.52B-173.6M0.541.60N/AN/A5,972,9603,226,88851,078,30029,236,536
2013-09-27$17.24$16.0732.2%9.0%35.7%50.3%31.4%-0.8%-1.0%714.0M-10.21B-173.6M0.591.73N/AN/A7,104,1884,163,60051,465,00829,615,600
2013-09-30$17.03$16.0733.4%9.0%35.8%55.3%31.4%-1.2%-1.6%591.3M-7.43B-167.7M0.511.81N/AN/A4,898,4042,474,66847,793,11627,143,340