AAPL Options History — April 2014

In April 2014, AAPL traded between $18.50 and $21.22. ATM implied volatility averaged 24.2%, placing in the 26.5% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 6.1% (HV 20d: 18.1%). Max pain ranged from $17.86 to $17.86. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.71.

Notable Days

  • 2014-04-24: Highest Volume — 25,075,484 contracts
  • 2014-04-24: Largest IV drop — 26.9% change
  • 2014-04-11: Highest IV Rank — 40.8%
  • 2014-04-07: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.32$18.50$21.22$19.34$21.07
Max Pain$17.86$17.86$17.86$17.86$17.86
ATM IV24.2%18.4%28.3%24.3%19.3%
Expected Move6.9%6.6%7.2%7.1%6.7%
HV 20d18.1%11.3%34.0%11.3%34.0%
HV 60d22.9%21.4%23.8%23.5%22.7%
IV Rank26.5%5.4%40.8%25.8%10.3%
IV Percentile37.2%3.2%64.7%33.3%6.3%
Term Structure-0.8%-2.3%0.6%0.3%0.5%
VWIV24.4%23.0%25.2%24.8%23.3%
Skew 25d1.5%-0.3%3.0%1.6%-0.3%
Skew 10d1.8%-0.8%3.3%2.5%-0.8%
Call IV 25d23.3%18.4%27.7%23.3%19.7%
Put IV 25d24.8%18.3%30.4%24.9%19.4%
Bid-Ask Spread %6.565.0712.445.277.54
Gamma HHI0.090.040.550.080.10
Net GEX573.1M-552.1M1.96B971.8M1.00B
Net DEX-8.80B-30.01B2.34B-9.20B-28.07B
Net VEX-137.5M-149.7M-130.9M-139.4M-149.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.550.920.600.55
Total Volume10,856,350.6674,819,13625,075,4846,908,49612,509,168
Total OI54,198,70843,442,58859,864,56054,254,90054,184,116

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-04-01$19.34$17.8624.3%7.1%11.3%25.8%24.8%1.6%0.3%971.8M-9.20B-139.4M0.605.27N/AN/A4,316,8722,591,62431,590,44022,664,460
2014-04-02$19.38$17.8624.4%7.1%11.3%26.2%24.7%1.6%-0.1%1.07B-9.74B-140.4M0.815.57N/AN/A3,527,2442,871,68032,234,66423,281,440
2014-04-03$19.24$17.8624.9%7.1%11.6%27.9%25.0%1.4%-0.1%638.1M-7.08B-138.3M0.855.54N/AN/A3,789,8563,224,90032,742,92023,901,052
2014-04-04$18.99$17.8626.4%7.2%12.6%33.8%25.1%1.9%-0.5%50.1M-2.78B-141.9M0.786.92N/AN/A7,534,0445,854,38033,161,71624,325,420
2014-04-07$18.70$17.8628.2%7.2%13.8%40.5%25.2%1.7%-1.8%156.7M-167.2M-137.8M0.695.48N/AN/A5,220,5443,608,30431,720,30423,231,432
2014-04-08$18.69$17.8627.8%7.2%13.2%38.9%25.2%2.2%-2.0%159.3M-205.2M-137.1M0.725.27N/AN/A4,288,1163,089,66032,744,37623,944,648
2014-04-09$18.94$17.8626.9%7.1%14.2%35.5%24.8%2.7%-2.1%663.6M-4.18B-137.4M0.725.42N/AN/A3,956,2322,843,76433,425,89624,259,312
2014-04-10$18.70$17.8627.4%7.2%14.4%37.3%25.0%2.1%-2.1%143.8M-251.9M-136.6M0.705.07N/AN/A5,202,9603,665,64833,770,29624,586,408
2014-04-11$18.56$17.8628.3%7.2%14.0%40.8%25.1%2.7%-2.1%-552.1M2.34B-135.8M0.905.30N/AN/A7,031,3046,333,82434,150,67625,046,336
2014-04-14$18.63$17.8626.7%7.1%14.0%34.6%25.0%1.9%-1.0%157.3M186.0M-132.9M0.677.45N/AN/A3,893,0082,617,72032,514,72024,014,424
2014-04-15$18.50$17.8626.3%7.1%13.8%33.1%24.9%1.9%-1.0%10.7M1.92B-131.4M0.706.93N/AN/A6,395,3404,450,51633,196,60424,455,144
2014-04-16$18.54$17.8625.3%6.9%13.8%29.4%24.6%1.7%-0.8%239.1M856.8M-132.5M0.818.02N/AN/A4,529,2803,681,32834,032,34824,925,012
2014-04-17$18.75$17.8623.7%6.9%14.4%23.8%24.3%2.3%-0.8%1.96B-3.18B-131.5M0.926.37N/AN/A7,337,1486,766,90034,595,90425,268,656
2014-04-21$18.97$17.8623.4%6.8%14.8%23.7%23.9%1.9%-1.3%331.6M-5.59B-130.9M0.656.13N/AN/A3,067,5681,991,19224,886,76418,555,824
2014-04-22$18.99$17.8623.3%6.8%14.1%23.1%24.1%3.0%-1.2%394.0M-6.00B-132.0M0.735.69N/AN/A2,791,4602,027,67625,881,85619,171,040
2014-04-23$18.74$17.8625.4%6.8%14.1%31.5%23.6%2.0%-2.3%278.0M-3.16B-131.5M0.6812.44N/AN/A6,090,1964,162,67626,541,56419,678,792
2014-04-24$20.28$17.8618.5%6.6%31.7%6.1%23.0%-0.1%-0.2%1.17B-24.64B-136.9M0.606.79N/AN/A15,623,3569,452,12828,389,20021,082,908
2014-04-25$20.43$17.8618.4%6.6%31.6%5.4%23.0%0.2%-0.2%1.19B-26.50B-143.3M0.655.84N/AN/A9,917,3206,494,18031,066,14022,931,860
2014-04-28$21.22$17.8620.7%6.7%33.9%17.5%23.4%-0.2%0.6%938.1M-30.01B-144.3M0.587.50N/AN/A13,552,3087,803,93628,844,45220,724,200
2014-04-29$21.15$17.8619.4%6.7%34.0%10.8%23.4%-0.1%0.6%1.06B-29.36B-145.5M0.667.23N/AN/A8,346,2405,531,76430,438,49222,011,052
2014-04-30$21.07$17.8619.3%6.7%34.0%10.3%23.3%-0.3%0.5%1.00B-28.07B-149.7M0.557.54N/AN/A8,047,5644,461,60431,427,84422,756,272