AAPL Options History — August 2014

In August 2014, AAPL traded between $23.62 and $25.63. ATM implied volatility averaged 23.2%, placing in the 31.3% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 6.5% (HV 20d: 16.7%). Max pain ranged from $22.50 to $23.21. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.52.

Notable Days

  • 2014-08-06: Highest Volume — 11,709,416 contracts
  • 2014-08-04: Largest IV drop — 5.8% change
  • 2014-08-11: Highest IV Rank — 38.0%
  • 2014-08-07: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.61$23.62$25.63$24.03$25.63
Max Pain$22.88$22.50$23.21$22.50$23.21
ATM IV23.2%22.0%24.5%23.8%24.1%
Expected Move7.4%7.0%8.0%7.7%7.0%
HV 20d16.7%10.6%20.2%20.2%10.6%
HV 60d15.7%15.1%16.1%16.1%15.1%
IV Rank31.3%25.0%38.0%34.5%36.0%
IV Percentile45.4%37.7%54.0%49.2%53.6%
Term Structure0.6%-0.9%3.5%-0.4%-0.9%
VWIV26.2%24.6%28.0%27.0%24.6%
Skew 25d1.1%0.5%1.8%1.4%0.6%
Skew 10d2.0%0.9%3.3%3.1%1.6%
Call IV 25d23.0%21.6%24.9%23.7%24.4%
Put IV 25d24.1%22.6%26.4%25.2%25.0%
Bid-Ask Spread %6.405.588.348.347.21
Gamma HHI0.080.060.120.070.07
Net GEX1.04B699.0M1.31B857.1M1.03B
Net DEX-29.89B-36.40B-20.24B-29.73B-36.40B
Net VEX-126.8M-140.3M-114.5M-133.9M-119.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.100.710.690.65
Total Volume3,733,398.4762,076,79611,709,4164,189,4523,529,536
Total OI42,388,372.95238,601,94045,320,48045,057,66843,883,356

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-08-01$24.03$22.5023.8%7.7%20.2%34.5%27.0%1.4%-0.4%857.1M-29.73B-133.9M0.698.34N/AN/A2,475,6041,713,84827,584,48817,473,180
2014-08-04$23.90$22.6822.4%7.6%19.0%27.1%27.0%0.9%0.4%814.1M-28.31B-136.8M0.507.42N/AN/A1,580,468785,53626,796,71217,142,064
2014-08-05$23.78$22.6823.5%7.8%18.9%32.9%27.3%1.2%2.6%772.3M-27.17B-137.1M0.536.13N/AN/A2,355,5841,244,10827,036,39617,320,132
2014-08-06$23.74$22.6822.8%7.8%18.9%29.0%27.5%1.4%3.0%831.4M-26.66B-138.6M0.107.44N/AN/A10,599,2041,110,21227,569,47617,751,004
2014-08-07$23.62$22.6823.8%8.0%19.0%34.7%28.0%1.3%3.0%699.0M-20.24B-140.3M0.666.77N/AN/A2,016,9881,341,08425,533,94418,213,428
2014-08-08$23.68$22.8623.4%7.9%19.0%32.1%27.7%1.3%3.5%791.8M-20.88B-138.2M0.596.67N/AN/A2,157,9041,266,51225,701,29218,335,064
2014-08-11$24.00$22.6824.5%7.8%19.0%38.0%27.6%1.5%0.1%926.6M-24.21B-135.2M0.565.58N/AN/A1,455,476821,03625,096,37217,549,568
2014-08-12$23.99$22.6823.9%7.7%18.5%35.1%27.1%1.4%0.4%960.3M-24.40B-134.1M0.655.81N/AN/A1,492,332972,24425,367,70417,798,260
2014-08-13$24.31$22.8623.4%7.5%18.9%32.1%26.6%1.4%-0.2%1.21B-27.59B-130.7M0.715.83N/AN/A1,468,5961,043,08425,551,71217,685,108
2014-08-14$24.38$23.0422.7%7.4%17.5%28.3%25.7%1.2%-0.1%1.30B-28.17B-125.9M0.546.12N/AN/A1,475,408797,06425,458,21217,640,876
2014-08-15$24.50$23.0423.2%7.4%16.9%31.4%26.2%1.8%-0.0%1.30B-29.13B-126.4M0.506.45N/AN/A2,889,4161,450,16825,508,35217,764,916
2014-08-18$24.79$23.0423.3%7.3%17.1%31.5%25.8%1.3%0.4%984.9M-29.89B-122.6M0.375.67N/AN/A2,614,680957,73223,036,12015,565,820
2014-08-19$25.13$23.0422.8%7.2%17.4%29.2%25.4%0.9%0.3%1.13B-33.14B-119.1M0.386.76N/AN/A3,950,5801,512,52823,431,10015,831,904
2014-08-20$25.14$23.0422.4%7.3%15.2%27.3%25.7%0.9%0.5%1.20B-33.45B-120.4M0.466.33N/AN/A2,227,4721,024,26824,137,83616,355,776
2014-08-21$25.14$22.8622.0%7.2%15.2%25.1%25.3%0.9%0.6%1.25B-33.33B-120.2M0.426.13N/AN/A1,542,248644,97224,333,06816,606,612
2014-08-22$25.33$22.8622.0%7.1%15.2%25.0%25.0%1.0%0.5%1.31B-35.51B-118.8M0.565.61N/AN/A2,611,2681,473,54824,561,78416,702,412
2014-08-25$25.39$22.8622.9%7.2%14.6%29.6%25.4%1.0%-0.1%1.06B-34.43B-117.6M0.496.00N/AN/A1,752,656851,10423,870,34416,337,324
2014-08-26$25.22$23.0422.6%7.1%14.6%27.8%25.1%0.8%-0.0%1.05B-32.92B-117.0M0.555.85N/AN/A1,339,848736,94824,129,65616,580,636
2014-08-27$25.53$23.0423.5%7.1%15.0%32.9%25.2%0.6%-0.3%1.12B-35.78B-115.9M0.435.77N/AN/A2,545,0161,084,52824,354,90416,836,220
2014-08-28$25.56$23.1324.3%7.0%10.6%36.8%24.6%0.5%-0.7%1.20B-36.34B-114.5M0.606.38N/AN/A3,429,8642,060,69624,670,24417,052,456
2014-08-29$25.63$23.2124.1%7.0%10.6%36.0%24.6%0.6%-0.9%1.03B-36.40B-119.8M0.657.21N/AN/A2,142,0401,387,49625,691,91218,191,444