AAPL Options History — November 2014

In November 2014, AAPL traded between $27.17 and $29.75. ATM implied volatility averaged 20.0%, placing in the 15.6% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 4.2% (HV 20d: 15.8%). Max pain ranged from $25.00 to $27.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 0.52.

Notable Days

  • 2014-11-05: Highest Volume — 15,632,036 contracts
  • 2014-11-17: Largest IV spike — 9.7% change
  • 2014-11-28: Highest IV Rank — 27.8%
  • 2014-11-28: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.32$27.17$29.75$27.35$29.73
Max Pain$25.26$25.00$27.50$25.00$27.50
ATM IV20.0%18.1%22.1%19.0%22.1%
Expected Move7.0%6.6%7.7%6.7%7.7%
HV 20d15.8%11.4%21.3%21.3%13.6%
HV 60d21.3%19.9%22.1%21.4%19.9%
IV Rank15.6%4.3%27.8%9.9%27.8%
IV Percentile25.3%5.6%44.8%13.9%44.8%
Term Structure0.2%-0.3%0.7%0.5%0.0%
VWIV25.0%23.5%27.0%23.7%27.0%
Skew 25d1.0%0.5%1.5%1.5%0.7%
Skew 10d2.3%0.6%3.8%3.6%1.6%
Call IV 25d20.1%17.8%22.5%19.0%22.5%
Put IV 25d21.1%19.0%23.2%20.5%23.2%
Bid-Ask Spread %5.113.266.425.645.73
Gamma HHI0.110.070.260.110.15
Net GEX980.7M769.1M1.64B948.5M1.09B
Net DEX-30.73B-35.61B-22.37B-35.61B-34.14B
Net VEX-96.0M-101.8M-90.4M-98.2M-98.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.070.840.560.48
Total Volume4,397,079.1581,859,79615,632,0364,956,0562,289,132
Total OI35,370,646.10533,458,97237,871,46436,933,96836,188,892

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-11-03$27.35$25.0019.0%6.7%21.3%9.9%23.7%1.5%0.5%948.5M-35.61B-98.2M0.565.64N/AN/A3,184,6441,771,41221,364,00415,569,964
2014-11-04$27.17$25.0019.0%6.7%21.1%10.0%23.7%1.3%0.4%901.4M-33.03B-101.8M0.646.06N/AN/A1,670,7481,065,52421,463,61615,864,940
2014-11-05$27.21$25.0018.6%6.7%20.1%7.6%24.2%1.3%0.4%1.02B-33.60B-98.6M0.076.42N/AN/A14,594,9921,037,04421,716,47616,154,988
2014-11-06$27.18$25.0018.5%6.6%20.2%6.9%24.4%1.4%0.6%892.7M-22.51B-98.3M0.845.40N/AN/A1,605,0561,352,00017,867,64016,577,408
2014-11-07$27.24$25.0018.1%6.6%20.2%4.7%23.6%1.3%0.7%1.64B-22.92B-97.0M0.615.65N/AN/A1,946,1281,184,95617,806,61216,768,804
2014-11-10$27.17$25.0018.3%6.6%19.0%5.9%23.5%1.3%0.3%870.2M-22.37B-95.4M0.664.47N/AN/A1,120,488739,30817,422,79616,108,752
2014-11-11$27.41$25.0018.3%6.6%19.1%5.5%23.5%1.2%0.3%932.5M-24.25B-94.2M0.555.25N/AN/A1,432,856792,20817,442,37616,072,900
2014-11-12$27.80$25.0018.1%6.6%15.8%4.3%23.5%1.1%0.6%1.14B-27.58B-91.6M0.656.19N/AN/A2,713,8721,752,65217,868,83616,358,588
2014-11-13$28.18$25.0019.0%6.7%13.7%9.6%23.9%0.9%-0.0%1.08B-30.53B-91.7M0.455.22N/AN/A4,197,5721,882,66418,127,14016,676,588
2014-11-14$28.55$25.0019.5%7.0%13.6%12.7%25.0%0.7%-0.0%1.08B-33.09B-90.4M0.434.60N/AN/A3,138,1161,354,74818,606,16017,047,324
2014-11-17$28.49$25.0021.4%7.3%12.9%23.7%26.1%1.1%0.1%869.8M-30.83B-95.1M0.573.26N/AN/A2,559,9161,457,99618,215,47216,596,552
2014-11-18$28.89$25.0021.4%7.3%11.4%23.9%25.8%0.7%0.1%898.7M-33.62B-91.5M0.426.24N/AN/A2,608,3401,102,65618,581,48417,000,020
2014-11-19$28.67$25.0021.7%7.4%12.4%25.3%26.1%1.0%-0.1%910.0M-31.82B-98.0M0.394.85N/AN/A2,162,004838,28018,966,48417,254,304
2014-11-20$29.09$25.0021.9%7.4%12.2%26.8%26.1%1.0%-0.3%994.6M-34.42B-97.5M0.474.52N/AN/A2,871,0201,342,31218,989,76017,342,292
2014-11-21$29.07$25.0021.7%7.4%12.3%25.6%26.4%0.6%-0.3%915.4M-33.84B-97.0M0.503.53N/AN/A3,223,5481,614,76019,143,88017,623,432
2014-11-24$29.66$25.0021.2%7.4%13.3%22.4%26.0%0.8%0.1%769.1M-33.62B-93.6M0.464.09N/AN/A2,890,5281,325,50817,693,65615,765,316
2014-11-25$29.45$26.2521.2%7.4%13.7%22.8%26.2%0.5%0.3%771.3M-32.16B-96.4M0.485.11N/AN/A3,549,4441,688,26018,220,37616,184,228
2014-11-26$29.75$26.2521.0%7.4%13.9%21.5%26.3%0.7%0.3%909.2M-33.93B-99.1M0.574.79N/AN/A2,216,4001,267,41218,791,95616,598,260
2014-11-28$29.73$27.5022.1%7.7%13.6%27.8%27.0%0.7%0.0%1.09B-34.14B-98.5M0.485.73N/AN/A1,546,628742,50419,146,13617,042,756