AAPL Options History — May 2014

In May 2014, AAPL traded between $20.91 and $22.69. ATM implied volatility averaged 18.9%, placing in the 8.4% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded below realized volatility by 8.9% (HV 20d: 27.8%). Max pain ranged from $17.86 to $22.32. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.62.

Notable Days

  • 2014-05-30: Highest Volume — 31,945,088 contracts
  • 2014-05-27: Largest IV spike — 9.8% change
  • 2014-05-30: Highest IV Rank — 30.2%
  • 2014-05-30: Largest Expected Move — 6.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.54$20.91$22.69$21.12$22.61
Max Pain$18.30$17.86$22.32$17.86$22.32
ATM IV18.9%17.3%23.0%18.8%23.0%
Expected Move6.7%6.5%6.7%6.6%6.7%
HV 20d27.8%13.4%34.0%34.0%14.5%
HV 60d22.2%21.6%22.7%22.5%22.1%
IV Rank8.4%0.0%30.2%7.3%30.2%
IV Percentile9.5%0.0%39.3%4.8%39.3%
Term Structure0.3%-0.7%1.9%0.6%-0.6%
VWIV22.6%11.6%23.7%23.2%23.6%
Skew 25d0.0%-0.9%0.4%0.2%-0.9%
Skew 10d-0.4%-1.6%0.8%0.0%-1.6%
Call IV 25d19.1%17.1%24.1%18.7%24.1%
Put IV 25d19.1%17.5%23.3%19.0%23.3%
Bid-Ask Spread %6.052.1410.376.4210.37
Gamma HHI0.110.070.330.100.07
Net GEX1.21B-58.8M2.24B1.02B1.61B
Net DEX-25.66B-38.75B-13.83B-28.09B-36.52B
Net VEX-144.8M-149.4M-135.5M-148.4M-148.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.620.200.800.670.58
Total Volume12,637,7205,674,08831,945,08810,430,56031,945,088
Total OI53,345,421.33347,160,12057,982,06455,955,39657,982,064

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-05-01$21.12$17.8618.8%6.6%34.0%7.3%23.2%0.2%0.6%1.02B-28.09B-148.4M0.676.42N/AN/A6,257,4124,173,14832,495,34423,460,052
2014-05-02$21.16$17.8618.2%6.6%33.8%4.4%23.2%0.3%0.8%1.15B-28.90B-149.4M0.756.28N/AN/A5,464,0604,088,44833,049,82823,887,612
2014-05-05$21.46$17.8619.4%6.7%33.3%10.7%23.2%0.1%1.4%1.10B-30.19B-145.9M0.616.54N/AN/A6,600,9724,029,48030,756,01221,632,072
2014-05-06$21.23$17.8618.8%6.7%32.9%7.2%23.7%0.0%1.7%984.7M-27.09B-148.4M0.568.88N/AN/A7,693,6444,306,09231,897,68422,879,444
2014-05-07$21.15$17.8618.1%6.6%33.0%4.0%11.6%-0.0%1.9%726.2M-25.30B-147.5M0.206.24N/AN/A25,223,0725,168,85632,740,96024,149,328
2014-05-08$21.00$17.8617.8%6.7%33.2%2.0%22.0%0.4%1.8%402.8M-14.65B-147.6M0.795.71N/AN/A4,875,1083,846,94829,173,62025,341,652
2014-05-09$20.91$17.8617.9%6.7%32.7%2.5%23.4%0.4%1.9%-58.8M-13.83B-146.2M0.805.88N/AN/A7,549,6406,011,88029,405,15225,403,560
2014-05-12$21.17$17.8617.9%6.7%32.4%2.9%23.2%0.3%-0.4%1.06B-19.44B-145.3M0.656.03N/AN/A3,975,6082,598,76428,297,33223,027,200
2014-05-13$21.21$17.8617.3%6.6%32.5%0.0%23.1%0.1%-0.5%1.19B-20.06B-145.9M0.745.10N/AN/A3,258,3042,415,78428,844,64823,352,476
2014-05-14$21.21$17.8618.0%6.6%32.2%3.6%23.2%0.1%-0.4%1.26B-20.26B-145.8M0.695.52N/AN/A4,077,2762,817,97629,571,19223,782,864
2014-05-15$21.03$17.8618.1%6.7%32.6%4.3%23.4%-0.0%-0.6%622.6M-16.77B-144.2M0.776.26N/AN/A4,570,2163,516,94029,749,80423,758,700
2014-05-16$21.34$17.8618.7%6.7%32.7%7.3%23.2%0.1%-0.6%2.24B-22.53B-143.5M0.596.23N/AN/A9,155,2725,418,86830,227,76424,096,940
2014-05-19$21.59$17.8618.8%6.6%32.7%7.7%23.2%0.1%-0.1%1.21B-24.36B-138.4M0.585.55N/AN/A7,412,8604,284,89627,633,31219,526,808
2014-05-20$21.60$17.8618.6%6.6%32.7%7.1%23.2%0.0%0.2%1.30B-24.30B-142.9M0.615.89N/AN/A4,644,2482,850,90429,226,34420,531,728
2014-05-21$21.65$17.8617.9%6.6%31.9%3.2%23.2%-0.0%0.2%1.44B-25.49B-143.6M0.655.77N/AN/A3,890,0682,544,61230,038,96021,088,508
2014-05-22$21.69$17.8618.4%6.6%17.4%5.8%23.1%0.1%0.2%1.62B-26.27B-143.7M0.596.04N/AN/A5,350,1283,156,35630,559,14421,298,368
2014-05-23$21.93$17.8618.4%6.6%17.6%5.8%23.2%0.0%0.1%2.10B-30.41B-142.6M0.596.18N/AN/A8,372,8964,918,90031,033,24021,820,680
2014-05-27$22.34$17.8620.2%6.7%13.4%15.5%23.4%0.1%-0.3%1.35B-33.03B-135.5M0.466.40N/AN/A11,335,5485,231,74429,674,31620,410,516
2014-05-28$22.29$0.0021.0%6.5%13.4%19.7%22.7%-0.4%-0.6%1.45B-32.68B-144.3M0.533.68N/AN/A8,179,7244,355,68031,693,08821,546,784
2014-05-29$22.69$22.3221.9%6.7%14.3%24.3%23.2%-0.4%-0.7%1.73B-38.75B-142.5M0.532.14N/AN/A12,969,2366,855,46432,782,14822,426,600
2014-05-30$22.61$22.3223.0%6.7%14.5%30.2%23.6%-0.9%-0.6%1.61B-36.52B-148.9M0.5810.37N/AN/A20,212,78011,732,30834,212,89223,769,172