AAPL Options History — February 2014

In February 2014, AAPL traded between $17.91 and $19.50. ATM implied volatility averaged 20.9%, placing in the 6.6% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded below realized volatility by 11.5% (HV 20d: 32.4%). Max pain ranged from $18.57 to $18.57. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 0.68.

Notable Days

  • 2014-02-05: Highest Volume — 19,852,336 contracts
  • 2014-02-04: Largest IV drop — 8.7% change
  • 2014-02-03: Highest IV Rank — 20.4%
  • 2014-02-07: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.81$17.91$19.50$17.91$18.79
Max Pain$18.57$18.57$18.57$18.57$18.57
ATM IV20.9%19.8%24.3%24.3%19.8%
Expected Move7.5%7.4%7.6%7.5%7.4%
HV 20d32.4%16.5%36.7%35.1%17.1%
HV 60d26.4%26.0%26.7%26.3%26.1%
IV Rank6.6%2.3%20.4%20.4%2.3%
IV Percentile6.5%1.6%18.7%18.7%1.6%
Term Structure0.4%-0.2%0.9%-0.1%0.5%
VWIV26.2%25.9%26.6%26.3%26.0%
Skew 25d0.7%0.3%1.2%0.6%0.6%
Skew 10d1.1%0.6%2.0%1.1%1.0%
Call IV 25d20.7%19.5%24.3%24.3%19.5%
Put IV 25d21.4%20.1%24.9%24.9%20.1%
Bid-Ask Spread %6.174.219.257.036.42
Gamma HHI0.070.030.310.030.06
Net GEX729.3M112.1M1.52B184.1M633.3M
Net DEX-5.47B-16.42B4.04B4.04B-4.62B
Net VEX-154.4M-164.3M-139.7M-139.7M-152.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.280.810.670.72
Total Volume12,426,806.7378,512,75619,852,33610,235,76418,867,016
Total OI60,031,992.63253,508,78464,607,87256,752,75259,497,872

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-02-03$17.91$18.5724.3%7.5%35.1%20.4%26.3%0.6%-0.1%184.1M4.04B-139.7M0.677.03N/AN/A6,146,7844,088,98034,620,57222,132,180
2014-02-04$18.17$18.5722.2%7.5%35.6%12.0%26.2%0.7%0.5%394.6M1.25B-144.2M0.646.59N/AN/A6,064,7443,889,25636,159,95622,963,472
2014-02-05$18.31$18.5721.6%7.5%35.8%9.6%26.4%0.7%0.8%746.4M-712.3M-147.5M0.285.02N/AN/A15,537,3124,315,02437,317,98023,782,472
2014-02-06$18.30$18.5721.2%7.5%35.6%7.9%26.2%1.2%0.4%753.6M606.2M-149.2M0.755.07N/AN/A4,909,1003,676,68036,969,10024,364,060
2014-02-07$18.56$18.5721.7%7.6%35.9%9.8%26.4%0.9%0.9%1.46B-4.23B-154.0M0.744.92N/AN/A9,677,9487,199,22037,564,12824,789,632
2014-02-10$18.89$18.5721.1%7.5%36.5%7.2%25.9%1.2%0.1%805.4M-7.44B-156.6M0.675.50N/AN/A7,190,2044,838,17635,457,71623,009,812
2014-02-11$19.14$18.5721.1%7.5%36.7%7.2%26.2%0.9%0.1%1.04B-11.30B-161.9M0.646.12N/AN/A6,788,6844,344,90036,369,98423,934,204
2014-02-12$19.14$18.5721.2%7.6%36.0%7.7%26.6%0.3%-0.2%1.01B-11.37B-164.2M0.694.81N/AN/A6,480,0684,462,36037,133,82424,531,192
2014-02-13$19.44$18.5720.2%7.5%35.7%3.8%26.3%0.4%0.0%1.52B-16.42B-164.3M0.816.79N/AN/A7,479,6966,061,58038,007,70425,275,796
2014-02-14$19.43$18.5720.0%7.5%35.7%3.1%26.2%0.6%0.0%1.41B-15.36B-164.0M0.756.42N/AN/A7,968,9966,015,21238,329,92826,277,944
2014-02-18$19.50$18.5719.9%7.5%34.6%2.5%26.4%0.8%0.6%1.04B-13.91B-160.7M0.725.04N/AN/A6,062,0004,356,21236,091,41224,239,880
2014-02-19$19.19$18.5720.5%7.5%34.6%5.0%26.2%0.5%0.6%652.6M-8.20B-158.8M0.647.31N/AN/A7,244,7764,647,02036,789,34025,073,272
2014-02-20$18.97$18.5720.0%7.5%34.7%3.1%26.3%0.6%0.5%315.0M-4.05B-153.1M0.655.46N/AN/A7,776,8605,087,46037,300,92825,323,032
2014-02-21$18.76$18.5720.5%7.5%34.6%5.2%26.2%0.7%0.8%112.1M-1.20B-154.6M0.784.21N/AN/A8,594,4326,738,48038,451,30825,766,776
2014-02-24$18.84$18.5719.9%7.5%34.2%2.5%26.2%0.4%0.4%486.1M-4.44B-153.4M0.669.25N/AN/A5,548,2283,682,28031,962,19621,546,588
2014-02-25$18.64$18.5720.3%7.5%34.1%4.3%25.9%0.7%0.1%307.9M-1.77B-150.9M0.737.00N/AN/A4,918,6483,594,10832,956,64422,284,808
2014-02-26$18.48$18.5721.1%7.5%16.5%7.5%26.2%0.5%0.3%134.9M593.1M-149.6M0.637.08N/AN/A6,021,7083,811,16433,555,98422,803,844
2014-02-27$18.85$18.5720.3%7.5%17.0%4.3%26.1%0.6%0.4%853.1M-5.33B-153.4M0.687.18N/AN/A7,157,8644,866,14834,571,43223,400,888
2014-02-28$18.79$18.5719.8%7.4%17.1%2.3%26.0%0.6%0.5%633.3M-4.62B-152.9M0.726.42N/AN/A10,954,7487,912,26835,311,89224,185,980