AAPL Options History — July 2014

In July 2014, AAPL traded between $23.27 and $24.75. ATM implied volatility averaged 25.4%, placing in the 42.7% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 10.3% (HV 20d: 15.1%). Max pain ranged from $22.50 to $22.68. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.48.

Notable Days

  • 2014-07-23: Highest Volume — 7,741,460 contracts
  • 2014-07-23: Largest IV drop — 30.9% change
  • 2014-07-17: Highest IV Rank — 68.0%
  • 2014-07-31: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.91$23.27$24.75$23.38$23.90
Max Pain$22.52$22.50$22.68$22.50$22.50
ATM IV25.4%19.4%30.1%26.2%22.9%
Expected Move7.1%6.9%7.5%7.1%7.5%
HV 20d15.1%12.1%20.2%13.7%20.2%
HV 60d19.4%15.1%22.5%22.3%16.1%
IV Rank42.7%10.9%68.0%47.2%29.7%
IV Percentile54.9%13.9%81.3%60.7%44.4%
Term Structure-0.7%-2.2%0.4%-0.2%-0.4%
VWIV25.0%24.2%26.3%24.9%26.3%
Skew 25d0.3%-0.5%1.3%0.5%1.3%
Skew 10d0.0%-1.3%2.2%0.3%2.2%
Call IV 25d25.1%19.3%29.9%26.0%22.9%
Put IV 25d25.4%19.6%29.9%26.5%24.3%
Bid-Ask Spread %9.065.5548.5610.898.59
Gamma HHI0.080.050.200.050.07
Net GEX1.21B747.4M2.06B1.30B747.4M
Net DEX-35.20B-41.06B-27.12B-35.09B-27.92B
Net VEX-132.2M-142.6M-119.6M-141.6M-136.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.320.640.370.60
Total Volume3,837,894.9091,921,7887,741,4603,283,8924,663,016
Total OI48,170,394.18241,021,70452,930,45250,243,52844,252,932

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-07-01$23.38$22.5026.2%7.1%13.7%47.2%24.9%0.5%-0.2%1.30B-35.09B-141.6M0.3710.89N/AN/A2,397,448886,44430,988,73619,254,792
2014-07-02$23.37$22.5026.2%7.1%13.2%46.9%25.0%0.4%-0.0%1.29B-34.64B-142.6M0.4413.36N/AN/A1,720,020752,78031,261,64819,389,396
2014-07-03$23.51$22.5026.4%7.1%13.2%47.9%25.1%0.4%-0.2%2.06B-36.57B-139.9M0.487.62N/AN/A1,398,508672,31231,545,95619,512,696
2014-07-07$23.99$22.5026.7%7.0%14.9%49.8%24.7%0.4%-1.4%1.31B-40.71B-136.3M0.356.65N/AN/A3,811,7361,337,61630,868,20019,045,536
2014-07-08$23.84$22.6828.1%7.2%14.2%57.3%25.4%0.5%-1.8%1.34B-38.67B-140.4M0.466.18N/AN/A3,449,6921,589,81631,388,62819,447,324
2014-07-09$23.85$22.6827.6%7.1%14.1%54.8%25.2%0.5%-1.8%1.37B-38.63B-138.8M0.476.34N/AN/A1,791,664837,54431,816,98819,769,076
2014-07-10$23.76$22.6827.7%7.1%14.0%55.0%25.0%0.5%-1.8%1.40B-37.26B-138.8M0.566.04N/AN/A2,238,1001,260,66831,956,22819,963,540
2014-07-11$23.80$22.5028.1%7.1%12.4%57.0%25.1%0.5%-2.2%1.35B-37.98B-136.5M0.427.08N/AN/A2,745,3841,166,16032,051,73220,164,636
2014-07-14$24.11$22.5027.5%7.0%12.1%54.2%24.7%0.2%-0.8%1.41B-41.06B-127.6M0.326.48N/AN/A3,075,092993,38031,333,18419,651,028
2014-07-15$23.83$22.5027.9%7.1%12.8%56.0%25.1%0.1%-0.9%1.28B-37.52B-129.2M0.455.55N/AN/A2,015,936914,10831,682,30419,946,496
2014-07-16$23.70$22.5028.1%7.1%13.1%57.0%24.9%-0.2%-1.1%1.19B-35.77B-128.8M0.447.55N/AN/A2,842,1641,255,67631,940,61620,193,304
2014-07-17$23.27$22.5030.1%7.3%14.8%68.0%25.6%0.0%-1.4%804.8M-29.69B-136.0M0.558.55N/AN/A3,464,7481,915,33231,960,32420,410,948
2014-07-18$23.61$22.5027.5%7.2%15.5%53.9%25.4%-0.0%-0.6%1.03B-34.03B-133.9M0.506.32N/AN/A3,012,9561,516,72832,339,39220,591,060
2014-07-21$23.48$22.5027.7%7.2%15.0%55.3%25.5%-0.3%-0.9%817.9M-27.12B-132.9M0.646.05N/AN/A1,582,5761,018,30025,520,57615,501,128
2014-07-22$23.68$22.5029.3%7.1%15.2%63.8%24.9%-0.5%-1.1%854.0M-28.52B-130.7M0.5148.56N/AN/A3,259,7241,666,23226,014,45215,954,776
2014-07-23$24.30$22.5020.3%6.9%17.0%15.7%24.2%-0.1%0.1%1.29B-35.32B-119.6M0.466.45N/AN/A5,294,9682,446,49227,039,78416,683,884
2014-07-24$24.26$22.5019.4%7.0%17.1%10.9%24.7%0.3%0.4%1.27B-34.24B-123.7M0.605.68N/AN/A2,056,0961,236,61227,526,08017,110,656
2014-07-25$24.42$22.5020.0%6.9%17.1%14.0%24.2%0.5%0.2%1.09B-36.14B-122.2M0.526.19N/AN/A2,602,5041,350,15627,837,46417,384,440
2014-07-28$24.75$22.5020.2%7.1%17.2%15.5%24.8%0.5%0.2%1.13B-37.03B-123.7M0.436.29N/AN/A2,732,1961,171,64426,312,21216,500,724
2014-07-29$24.59$22.5020.4%7.1%17.4%16.3%25.1%0.1%0.1%1.11B-35.64B-123.4M0.476.29N/AN/A1,608,268761,10426,792,89616,824,200
2014-07-30$24.54$22.5019.8%7.1%17.5%13.0%25.0%0.3%-0.0%1.13B-34.90B-124.8M0.486.63N/AN/A1,298,460623,32827,025,93616,992,764
2014-07-31$23.90$22.5022.9%7.5%20.2%29.7%26.3%1.3%-0.4%747.4M-27.92B-136.4M0.608.59N/AN/A2,913,7121,749,30427,118,30017,134,632