AAPL Options History — December 2014

In December 2014, AAPL traded between $26.68 and $29.02. ATM implied volatility averaged 26.7%, placing in the 54.5% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 3.3% (HV 20d: 23.4%). Max pain ranged from $27.50 to $27.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.61.

Notable Days

  • 2014-12-12: Highest Volume — 4,929,116 contracts
  • 2014-12-08: Largest IV spike — 16.2% change
  • 2014-12-31: Highest IV Rank — 88.9%
  • 2014-12-16: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.09$26.68$29.02$28.73$27.59
Max Pain$27.50$27.50$27.50$27.50$27.50
ATM IV26.7%21.3%32.6%25.8%32.6%
Expected Move8.5%7.8%9.9%8.1%8.8%
HV 20d23.4%19.2%27.0%19.4%24.5%
HV 60d21.7%20.6%23.4%21.3%21.8%
IV Rank54.5%22.9%88.9%49.1%88.9%
IV Percentile72.9%38.9%96.0%70.6%96.0%
Term Structure1.5%-0.3%4.3%-0.3%-0.1%
VWIV30.0%27.1%34.4%28.9%31.0%
Skew 25d2.1%1.2%3.0%1.2%2.4%
Skew 10d4.0%2.5%6.2%2.9%4.8%
Call IV 25d26.1%20.9%31.9%25.6%31.9%
Put IV 25d28.2%22.1%34.2%26.7%34.2%
Bid-Ask Spread %3.431.965.215.213.12
Gamma HHI0.060.050.080.060.05
Net GEX686.3M391.2M897.1M639.0M553.6M
Net DEX-22.62B-28.78B-13.07B-26.16B-18.64B
Net VEX-105.5M-111.2M-98.9M-103.3M-100.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.520.720.570.60
Total Volume3,333,571.4551,267,3204,929,1164,829,0243,130,420
Total OI37,632,82235,023,68839,988,22435,023,68837,314,908

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-12-01$28.73$27.5025.8%8.1%19.4%49.1%28.9%1.2%-0.3%639.0M-26.16B-103.3M0.575.21N/AN/A3,078,6601,750,36418,569,59216,454,096
2014-12-02$28.61$27.5024.1%8.0%19.2%39.6%28.1%1.4%0.3%650.3M-25.26B-107.3M0.563.15N/AN/A2,643,7961,491,96019,177,97216,900,520
2014-12-03$29.02$27.5022.7%7.8%19.4%31.5%27.5%1.4%0.4%809.0M-28.78B-106.2M0.563.69N/AN/A1,578,816882,63219,669,02817,381,104
2014-12-04$28.87$27.5023.0%7.9%19.6%32.9%28.4%1.4%0.6%777.1M-27.65B-105.3M0.603.91N/AN/A1,934,8881,166,66419,968,71217,577,172
2014-12-05$28.68$27.5021.3%7.8%19.9%22.9%27.1%1.2%0.9%729.8M-25.95B-105.5M0.563.70N/AN/A1,903,8641,065,16020,270,30817,868,536
2014-12-08$28.07$27.5024.7%8.4%21.6%42.8%29.2%1.4%0.2%608.4M-21.86B-104.7M0.543.07N/AN/A2,629,6281,427,91619,508,23617,309,348
2014-12-09$28.55$27.5024.0%8.2%22.2%38.7%28.9%1.6%0.3%766.2M-25.68B-106.5M0.623.61N/AN/A2,582,8801,607,15220,069,51217,632,004
2014-12-10$27.92$27.5027.4%8.9%23.7%58.6%30.9%2.0%0.4%603.5M-21.08B-111.2M0.663.09N/AN/A1,927,5921,276,68420,439,79617,877,532
2014-12-11$27.86$27.5026.7%8.8%23.3%54.7%30.8%1.9%0.3%565.0M-20.56B-110.7M0.623.40N/AN/A1,695,7121,055,36020,616,79618,045,084
2014-12-12$27.40$27.5029.3%9.3%23.4%69.4%32.6%2.6%0.2%391.2M-16.89B-110.6M0.723.55N/AN/A2,865,0322,064,08420,760,15218,155,380
2014-12-15$27.12$27.5029.7%9.4%23.0%72.0%33.1%2.7%3.1%540.8M-15.87B-109.2M0.624.20N/AN/A2,942,2681,835,43620,346,87217,728,016
2014-12-16$26.68$27.5031.6%9.9%23.5%82.7%34.4%3.0%2.7%492.5M-13.07B-110.5M0.714.12N/AN/A2,476,5441,770,70820,936,97618,025,464
2014-12-17$27.38$27.5026.9%9.0%25.0%55.8%31.7%2.7%3.5%665.2M-17.88B-109.6M0.624.64N/AN/A2,109,7561,301,12421,200,67218,301,304
2014-12-18$28.11$27.5025.1%8.8%27.0%45.4%30.5%2.3%4.3%897.1M-24.24B-106.0M0.583.29N/AN/A2,500,8361,448,12021,284,56018,276,920
2014-12-19$27.95$27.5025.4%8.8%26.4%46.9%30.5%2.4%3.5%894.6M-22.78B-107.1M0.524.44N/AN/A2,366,9921,241,71221,511,49218,476,732
2014-12-22$28.22$27.5026.2%8.3%26.7%51.8%29.6%2.4%3.1%755.0M-24.26B-100.7M0.652.21N/AN/A1,547,2561,006,76019,237,59216,704,952
2014-12-23$28.17$27.5026.0%8.2%25.5%50.4%29.1%2.3%3.2%784.2M-23.65B-103.4M0.621.96N/AN/A983,028612,14419,667,84017,072,288
2014-12-24$28.00$27.5026.4%8.3%25.5%52.5%29.2%2.2%3.4%701.8M-22.34B-102.8M0.612.64N/AN/A785,484481,83619,800,88817,262,548
2014-12-26$28.52$27.5028.1%8.3%26.2%62.7%29.5%2.3%3.1%768.0M-26.76B-101.6M0.632.40N/AN/A2,315,6721,447,97219,865,77617,315,068
2014-12-29$28.47$27.5030.2%8.3%26.2%74.8%29.7%2.5%-0.3%800.2M-25.47B-99.4M0.652.77N/AN/A1,296,344846,34419,291,74817,090,288
2014-12-30$28.13$27.5030.4%8.3%23.6%76.0%29.4%2.4%-0.2%705.4M-22.80B-98.9M0.613.19N/AN/A1,409,512853,46019,589,97617,368,324
2014-12-31$27.59$27.5032.6%8.8%24.5%88.9%31.0%2.4%-0.1%553.6M-18.64B-100.1M0.603.12N/AN/A1,953,6721,176,74819,758,74417,556,164