AAPL Options History — October 2014

In October 2014, AAPL traded between $24.07 and $27.00. ATM implied volatility averaged 25.1%, placing in the 42.9% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 1.5% (HV 20d: 23.6%). Max pain ranged from $23.75 to $25.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 0.60.

Notable Days

  • 2014-10-15: Highest Volume — 6,166,724 contracts
  • 2014-10-21: Largest IV drop — 29.2% change
  • 2014-10-15: Highest IV Rank — 85.8%
  • 2014-10-16: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.45$24.07$27.00$24.80$27.00
Max Pain$24.26$23.75$25.00$23.75$25.00
ATM IV25.1%17.7%32.6%29.9%17.7%
Expected Move7.3%6.6%8.1%7.4%6.6%
HV 20d23.6%21.0%27.8%23.9%21.1%
HV 60d21.0%20.4%22.0%20.6%21.3%
IV Rank42.9%2.1%85.8%67.0%2.1%
IV Percentile55.4%1.6%93.3%82.9%1.6%
Term Structure-0.5%-2.0%0.9%-0.7%0.9%
VWIV25.5%23.7%28.6%26.0%23.7%
Skew 25d2.5%1.1%3.9%2.8%1.1%
Skew 10d4.8%2.5%7.9%5.2%3.2%
Call IV 25d24.1%17.3%31.2%28.3%17.3%
Put IV 25d26.5%18.3%35.0%31.1%18.3%
Bid-Ask Spread %7.566.0212.166.086.28
Gamma HHI0.100.060.380.070.38
Net GEX972.4M372.9M2.33B797.1M2.33B
Net DEX-27.47B-34.65B-16.17B-24.83B-34.65B
Net VEX-110.8M-120.7M-101.4M-120.7M-102.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.430.920.590.51
Total Volume3,716,0282,028,6286,166,7243,452,9243,614,604
Total OI42,425,442.78335,987,67247,077,17245,504,48038,482,424

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-10-01$24.80$23.7529.9%7.4%23.9%67.0%26.0%2.8%-0.7%797.1M-24.83B-120.7M0.596.08N/AN/A2,176,6761,276,24826,426,02419,078,456
2014-10-02$24.98$23.7528.5%7.3%23.8%59.3%25.4%2.8%-0.5%965.8M-26.80B-119.2M0.566.46N/AN/A2,204,4401,225,51226,725,50419,148,764
2014-10-03$24.91$23.7528.4%7.2%23.7%58.7%25.2%2.9%-0.6%883.7M-25.90B-116.6M0.597.38N/AN/A1,892,2641,122,91626,700,36419,318,972
2014-10-06$24.91$23.7527.7%7.1%23.6%55.3%24.9%2.1%-1.0%927.4M-25.80B-118.4M0.596.94N/AN/A1,493,708881,98025,816,12418,717,180
2014-10-07$24.69$23.7529.5%7.3%23.7%64.6%25.7%2.2%-1.5%819.2M-24.01B-115.2M0.486.89N/AN/A1,688,392817,77626,123,70418,956,632
2014-10-08$25.24$23.7527.7%7.1%22.5%54.8%24.9%2.4%-1.4%1.18B-30.41B-112.8M0.506.02N/AN/A2,362,8201,169,94426,511,24819,077,776
2014-10-09$25.30$23.7528.1%7.2%22.5%57.3%25.5%2.4%-1.1%1.27B-30.62B-117.7M0.666.40N/AN/A3,229,4402,147,19226,676,66019,247,160
2014-10-10$25.39$23.7527.8%7.2%22.5%59.0%25.7%2.8%-1.2%1.33B-31.54B-112.3M0.928.29N/AN/A1,564,8401,442,28426,780,36419,630,588
2014-10-13$24.99$23.7530.4%7.6%23.2%73.9%27.1%3.0%-1.3%886.6M-26.22B-113.8M0.797.72N/AN/A1,572,5481,245,20825,964,03619,190,820
2014-10-14$25.05$23.7528.5%7.5%23.1%63.0%26.5%2.6%-1.3%968.4M-27.01B-111.8M0.896.59N/AN/A1,072,988955,64026,239,08019,359,908
2014-10-15$24.43$23.7532.6%8.1%24.5%85.8%28.4%3.8%-1.7%580.7M-19.97B-116.5M0.706.95N/AN/A3,636,5162,530,20826,423,18819,663,760
2014-10-16$24.07$23.7530.9%8.1%24.9%76.3%28.6%3.9%-2.0%436.3M-16.17B-114.7M0.627.19N/AN/A3,020,5601,887,15626,653,64419,784,540
2014-10-17$24.42$23.7528.1%7.8%25.5%60.6%27.1%3.5%-1.1%372.9M-20.53B-111.9M0.567.56N/AN/A3,243,4441,819,17226,952,90020,124,272
2014-10-20$24.96$0.0028.4%7.6%26.9%62.7%26.5%3.3%-0.6%591.0M-21.22B-109.3M0.439.91N/AN/A3,988,3441,717,84421,095,27214,892,400
2014-10-21$25.59$25.0020.1%7.1%27.8%15.9%24.1%2.7%-0.0%1.05B-26.88B-105.6M0.5512.16N/AN/A3,067,5881,677,80822,471,15215,617,092
2014-10-22$25.76$25.0020.3%7.0%27.7%17.0%25.6%2.4%-0.1%1.04B-27.63B-110.2M0.578.89N/AN/A3,143,5361,778,11622,615,10415,979,876
2014-10-23$26.19$25.0019.3%6.9%24.0%11.3%24.9%2.2%-0.0%1.17B-31.30B-104.9M0.506.86N/AN/A2,968,1721,496,51622,744,52016,293,804
2014-10-24$26.27$25.0019.2%6.9%22.0%10.7%24.6%2.1%0.1%819.8M-32.08B-103.4M0.607.64N/AN/A2,133,5321,284,25622,840,21616,646,044
2014-10-27$26.30$25.0019.4%7.0%21.8%11.9%24.3%1.8%0.7%874.6M-29.68B-103.2M0.548.22N/AN/A1,418,464762,00021,408,49615,645,112
2014-10-28$26.65$25.0018.4%6.9%22.1%6.3%24.1%1.5%0.8%991.5M-32.45B-102.7M0.538.05N/AN/A1,990,8801,056,24821,765,09615,851,848
2014-10-29$26.83$25.0018.4%6.9%21.0%6.1%24.2%1.4%0.7%1.04B-33.66B-101.4M0.607.70N/AN/A2,090,8841,245,87621,873,99615,993,908
2014-10-30$26.73$25.0018.5%6.9%21.1%7.1%24.2%1.5%0.8%1.04B-32.54B-104.0M0.637.63N/AN/A1,447,116906,98822,057,46816,219,688
2014-10-31$27.00$25.0017.7%6.6%21.1%2.1%23.7%1.1%0.9%2.33B-34.65B-102.0M0.516.28N/AN/A2,398,4561,216,14822,147,16816,335,256