AAPL Options History — March 2014

In March 2014, AAPL traded between $18.74 and $19.46. ATM implied volatility averaged 19.3%, placing in the 5.6% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 5.2% (HV 20d: 14.2%). Max pain ranged from $17.86 to $18.57. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.71.

Notable Days

  • 2014-03-14: Highest Volume — 13,608,028 contracts
  • 2014-03-24: Largest IV spike — 12.9% change
  • 2014-03-31: Highest IV Rank — 26.0%
  • 2014-03-14: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.04$18.74$19.46$18.85$19.17
Max Pain$18.13$17.86$18.57$18.57$17.86
ATM IV19.3%17.4%24.4%20.4%24.4%
Expected Move7.3%7.1%7.4%7.4%7.1%
HV 20d14.2%11.1%17.1%17.1%11.1%
HV 60d24.9%23.9%25.5%25.4%23.9%
IV Rank5.6%0.0%26.0%4.5%26.0%
IV Percentile6.7%0.0%34.1%6.7%34.1%
Term Structure1.8%-0.2%5.6%0.2%-0.2%
VWIV25.6%24.8%26.0%25.9%24.8%
Skew 25d0.7%0.2%1.2%0.6%0.9%
Skew 10d1.4%0.8%2.2%1.1%1.8%
Call IV 25d19.0%16.3%24.5%20.2%24.5%
Put IV 25d19.8%17.3%25.4%20.8%25.4%
Bid-Ask Spread %5.454.017.664.667.01
Gamma HHI0.070.050.160.050.06
Net GEX757.2M-134.5M1.25B610.6M632.0M
Net DEX-6.51B-13.14B-784.4M-4.90B-6.72B
Net VEX-145.4M-152.3M-139.5M-152.3M-139.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.610.840.660.62
Total Volume8,996,8845,513,22813,608,0287,549,1925,513,228
Total OI57,228,809.33351,429,53260,817,76455,476,65251,755,480

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-03-03$18.85$18.5720.4%7.4%17.1%4.5%25.9%0.6%0.2%610.6M-4.90B-152.3M0.664.66N/AN/A4,543,9803,005,21233,027,87622,448,776
2014-03-04$18.97$18.5718.8%7.4%17.1%0.0%25.7%0.7%0.1%873.7M-6.83B-151.0M0.634.92N/AN/A4,341,2882,743,63633,733,86822,959,776
2014-03-05$19.01$18.5718.8%7.4%16.6%0.0%25.8%0.5%0.3%1.01B-7.22B-150.3M0.724.36N/AN/A4,119,2762,945,74034,487,60023,463,524
2014-03-06$18.96$18.5718.6%7.3%16.6%0.0%25.7%0.4%0.5%805.1M-5.96B-147.4M0.705.65N/AN/A4,737,0123,336,50834,683,68423,734,424
2014-03-07$18.94$18.5717.9%7.3%16.6%0.0%25.8%0.2%0.8%1.01B-5.49B-147.0M0.717.22N/AN/A6,692,3924,761,42835,257,93624,356,052
2014-03-10$18.96$18.5717.9%7.3%15.9%0.0%25.7%0.8%0.0%673.7M-5.52B-146.5M0.765.78N/AN/A3,282,1882,486,31633,277,10423,045,512
2014-03-11$19.15$18.2118.1%7.3%15.0%0.9%25.9%0.5%0.2%1.03B-8.58B-149.6M0.675.70N/AN/A6,069,8964,053,92434,083,36423,540,020
2014-03-12$19.16$18.2117.9%7.3%14.3%0.0%25.9%0.7%0.4%1.04B-8.43B-151.6M0.824.83N/AN/A4,178,3003,425,88434,883,88424,099,684
2014-03-13$18.95$18.2119.2%7.4%14.9%5.1%25.9%0.4%-0.1%392.5M-4.64B-149.0M0.614.97N/AN/A7,100,1004,364,83635,278,93624,683,708
2014-03-14$18.74$18.2119.4%7.4%14.0%5.9%26.0%0.5%0.2%-134.5M-784.4M-147.4M0.674.81N/AN/A8,167,3205,440,70835,920,27624,897,488
2014-03-17$18.81$17.8618.7%7.3%14.2%2.9%25.7%0.5%3.9%454.3M-3.06B-145.1M0.766.58N/AN/A3,478,8322,645,86034,100,52823,655,660
2014-03-18$18.98$17.8617.4%7.3%14.5%0.0%25.7%0.7%4.1%773.4M-5.53B-144.6M0.794.94N/AN/A3,683,7082,892,48434,642,10424,038,448
2014-03-19$18.97$17.8617.4%7.3%13.5%0.0%25.5%0.6%4.0%780.2M-5.80B-143.7M0.714.77N/AN/A4,442,7323,170,97234,988,88424,295,124
2014-03-20$18.88$17.8617.5%7.2%12.9%0.5%25.3%0.7%4.4%448.4M-3.84B-140.7M0.734.86N/AN/A4,950,1763,620,14835,377,94424,465,924
2014-03-21$19.03$17.8617.9%7.3%12.6%1.7%25.5%1.0%5.6%1.00B-6.42B-139.9M0.787.21N/AN/A6,938,0925,384,51235,848,12024,806,068
2014-03-24$19.26$17.8620.2%7.2%13.1%10.4%25.4%1.2%2.5%944.4M-10.07B-140.1M0.725.02N/AN/A5,402,2923,915,10030,417,35221,012,180
2014-03-25$19.46$17.8620.1%7.2%12.8%10.0%25.2%1.1%2.3%1.25B-13.14B-141.6M0.664.01N/AN/A6,064,2683,992,52031,441,64821,726,180
2014-03-26$19.28$17.8620.8%7.2%12.8%12.7%25.2%1.1%2.8%923.5M-9.54B-141.3M0.784.75N/AN/A7,328,6925,734,42832,074,58822,533,196
2014-03-27$19.20$17.8621.9%7.2%11.2%16.6%25.1%1.0%2.2%678.1M-7.30B-142.3M0.644.74N/AN/A6,047,3843,877,27232,606,16823,287,320
2014-03-28$19.17$17.8622.9%7.2%11.1%20.5%25.2%0.9%2.9%713.2M-6.99B-143.5M0.847.66N/AN/A5,468,0644,587,85633,211,24823,657,340
2014-03-31$19.17$17.8624.4%7.1%11.1%26.0%24.8%0.9%-0.2%632.0M-6.72B-139.5M0.627.01N/AN/A3,398,6682,114,56030,419,53621,335,944