AAPL Options History — November 2013

In November 2013, AAPL traded between $18.30 and $19.86. ATM implied volatility averaged 21.0%, placing in the 4.7% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 2.7% (HV 20d: 18.3%). Max pain ranged from $17.50 to $18.57. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.63.

Notable Days

  • 2013-11-05: Highest Volume — 24,085,040 contracts
  • 2013-11-29: Largest IV spike — 14.9% change
  • 2013-11-01: Highest IV Rank — 18.3%
  • 2013-11-01: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.74$18.30$19.86$18.57$19.86
Max Pain$17.93$17.50$18.57$17.50$18.57
ATM IV21.0%19.3%24.6%24.6%22.6%
Expected Move8.3%8.1%8.6%8.6%8.1%
HV 20d18.3%16.4%19.7%17.3%18.2%
HV 60d25.4%24.7%27.4%27.4%25.2%
IV Rank4.7%0.0%18.3%18.3%13.5%
IV Percentile2.8%0.0%11.9%9.1%11.9%
Term Structure0.9%-0.2%2.3%0.3%0.3%
VWIV29.2%28.1%30.1%30.1%28.3%
Skew 25d0.3%-1.1%0.7%0.2%-1.1%
Skew 10d0.3%-3.4%2.1%-0.3%-3.4%
Call IV 25d21.0%19.3%24.4%24.4%23.6%
Put IV 25d21.4%19.7%24.6%24.6%22.5%
Bid-Ask Spread %2.492.073.633.633.28
Gamma HHI0.090.050.230.070.08
Net GEX1.07B364.8M1.73B797.3M1.58B
Net DEX-16.34B-35.23B-7.49B-18.43B-35.23B
Net VEX-151.1M-164.5M-141.2M-164.5M-152.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.180.830.610.44
Total Volume11,316,054.46,644,68024,085,04012,575,66817,938,984
Total OI73,536,583.465,939,13284,102,98484,102,98473,564,344

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-11-01$18.57$17.5024.6%8.6%17.3%18.3%30.1%0.2%0.3%797.3M-18.43B-164.5M0.613.63N/AN/A7,813,9604,761,70853,282,04030,820,944
2013-11-04$18.81$17.5023.3%8.5%17.5%12.9%29.8%0.2%0.3%1.12B-21.51B-161.4M0.582.53N/AN/A6,109,3483,563,42048,467,27228,557,032
2013-11-05$18.77$17.5022.9%8.5%17.0%11.5%29.7%-0.1%0.5%1.22B-21.44B-162.4M0.182.41N/AN/A20,369,0483,715,99249,499,10029,392,020
2013-11-06$18.60$17.5022.2%8.5%17.5%8.4%29.7%0.3%0.7%888.3M-11.70B-156.9M0.832.23N/AN/A5,014,5204,149,71246,198,46030,619,624
2013-11-07$18.30$17.8622.3%8.4%18.8%8.7%29.7%0.5%0.6%364.8M-7.49B-156.9M0.742.07N/AN/A6,162,8284,585,67246,738,86030,518,852
2013-11-08$18.59$17.8620.8%8.4%19.3%2.7%29.4%0.5%1.1%1.42B-13.04B-155.3M0.712.07N/AN/A7,115,9765,066,62847,154,07230,593,976
2013-11-11$18.54$17.8620.4%8.4%19.4%1.0%29.5%0.4%1.2%858.0M-11.95B-153.1M0.702.28N/AN/A4,690,6163,275,77645,062,19228,766,192
2013-11-12$18.57$17.8620.5%8.4%19.3%1.3%29.5%0.5%1.0%975.8M-13.17B-152.1M0.762.31N/AN/A4,154,7523,170,02045,673,57228,938,140
2013-11-13$18.59$17.8619.9%8.5%19.3%0.0%29.6%0.7%1.1%1.01B-13.66B-151.4M0.612.58N/AN/A4,178,9442,529,24046,094,38429,223,348
2013-11-14$18.86$17.8620.6%8.5%19.6%3.0%29.6%0.6%0.3%1.73B-18.74B-149.4M0.612.33N/AN/A7,449,0924,543,39245,814,13228,902,496
2013-11-15$18.75$17.8620.8%8.4%19.7%3.7%29.2%0.5%0.2%1.25B-15.88B-149.0M0.742.38N/AN/A6,679,2604,963,44846,536,84029,486,408
2013-11-18$18.52$17.8620.9%8.4%18.3%4.3%29.1%0.7%1.6%633.1M-11.71B-148.5M0.612.50N/AN/A5,163,0603,167,52841,028,14824,910,984
2013-11-19$18.56$17.8620.0%8.3%18.3%0.7%29.0%0.5%1.7%649.7M-12.06B-146.9M0.652.60N/AN/A4,107,6282,688,53242,168,42025,795,896
2013-11-20$18.39$18.2119.7%8.3%18.2%0.0%29.0%0.4%1.8%367.5M-9.46B-144.7M0.682.13N/AN/A3,966,8722,677,80842,732,87226,103,028
2013-11-21$18.61$18.2120.0%8.2%18.1%1.1%28.6%0.6%0.0%933.4M-13.38B-144.0M0.602.50N/AN/A5,436,6763,244,33243,178,26826,505,192
2013-11-22$18.56$18.2120.0%8.2%17.7%1.2%28.7%0.4%-0.2%1.49B-12.56B-143.7M0.642.25N/AN/A5,259,6323,365,68443,754,95626,955,684
2013-11-25$18.70$18.2119.3%8.1%17.7%0.0%28.2%0.3%2.3%995.3M-15.03B-142.4M0.652.32N/AN/A4,687,9563,065,77641,941,84425,310,432
2013-11-26$19.05$18.2119.4%8.1%16.4%0.8%28.3%0.5%1.7%1.45B-21.00B-141.2M0.553.14N/AN/A11,708,7326,484,46442,810,74025,967,732
2013-11-27$19.50$18.2119.7%8.1%17.4%1.7%28.1%0.1%0.6%1.64B-29.36B-147.3M0.592.37N/AN/A12,106,1087,187,96444,619,17627,043,996
2013-11-29$19.86$18.5722.6%8.1%18.2%13.5%28.3%-1.1%0.3%1.58B-35.23B-152.0M0.443.28N/AN/A12,423,3485,515,63645,538,58428,025,760