AAPL Options History — February 2015

In February 2015, AAPL traded between $29.66 and $33.21. ATM implied volatility averaged 24.2%, placing in the 29.8% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded below realized volatility by 6.5% (HV 20d: 30.7%). Max pain ranged from $27.50 to $28.75. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 0.51.

Notable Days

  • 2015-02-04: Highest Volume — 8,147,656 contracts
  • 2015-02-23: Largest IV spike — 10.8% change
  • 2015-02-27: Highest IV Rank — 40.4%
  • 2015-02-27: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.34$29.66$33.21$29.66$32.07
Max Pain$28.57$27.50$28.75$27.50$28.75
ATM IV24.2%22.2%26.6%25.7%26.6%
Expected Move7.0%6.3%7.8%7.2%7.8%
HV 20d30.7%20.5%37.4%37.4%20.5%
HV 60d28.2%27.9%28.8%27.9%28.1%
IV Rank29.8%21.3%40.4%36.3%40.4%
IV Percentile57.9%40.9%72.6%67.5%72.6%
Term Structure0.3%-0.4%1.0%0.5%-0.3%
VWIV24.9%22.9%27.7%25.8%27.7%
Skew 25d1.6%0.9%2.5%2.5%1.1%
Skew 10d3.4%1.6%5.7%5.7%2.2%
Call IV 25d23.8%22.0%26.7%25.0%26.7%
Put IV 25d25.4%23.5%27.8%27.4%27.8%
Bid-Ask Spread %1.921.113.403.402.21
Gamma HHI0.130.070.310.130.11
Net GEX837.8M323.7M1.49B755.9M323.7M
Net DEX-26.49B-32.82B-19.05B-20.56B-23.24B
Net VEX-102.0M-111.6M-93.1M-109.0M-111.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.250.720.450.72
Total Volume4,665,776.8422,496,1048,147,6562,992,5444,662,740
Total OI25,580,376.63222,269,96427,246,78824,772,95226,606,916

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-02-02$29.66$27.5025.7%7.2%37.4%36.3%25.8%2.5%0.5%755.9M-20.56B-109.0M0.453.40N/AN/A2,064,096928,44815,369,1689,403,784
2015-02-03$29.67$27.5024.4%6.8%35.4%30.8%24.7%2.5%0.4%883.6M-20.95B-108.3M0.532.42N/AN/A1,636,164859,94015,856,3769,718,596
2015-02-04$29.87$27.7525.0%6.9%35.3%33.2%23.3%1.9%0.6%1.01B-22.67B-105.7M0.252.48N/AN/A6,532,5401,615,11616,000,7689,930,432
2015-02-05$29.95$28.7524.3%7.2%35.2%30.0%25.9%2.2%0.5%1.01B-20.94B-105.0M0.611.77N/AN/A2,030,4441,230,60415,416,24010,334,256
2015-02-06$29.72$28.7525.6%7.5%33.4%35.7%26.9%2.3%0.5%947.2M-19.05B-108.3M0.561.46N/AN/A2,402,9801,344,42815,583,82810,573,432
2015-02-09$29.93$28.7524.4%7.1%33.4%30.7%25.2%2.1%0.4%873.8M-20.70B-103.9M0.661.72N/AN/A1,565,7441,036,36414,820,9089,731,488
2015-02-10$30.52$28.7523.0%6.9%32.3%24.6%24.2%2.1%1.0%1.06B-25.31B-100.7M0.531.67N/AN/A2,839,3481,492,96815,134,57210,119,844
2015-02-11$31.19$28.7523.2%6.8%32.8%25.3%24.4%1.8%0.6%1.00B-29.36B-99.7M0.472.09N/AN/A4,335,6762,040,82015,319,21210,376,172
2015-02-12$31.62$28.7523.3%6.8%32.7%25.7%24.0%1.3%0.5%972.4M-31.87B-96.2M0.441.81N/AN/A4,468,4561,984,64415,548,29210,903,460
2015-02-13$31.76$28.7522.9%6.7%30.4%24.3%24.0%1.1%0.7%1.49B-31.97B-101.1M0.521.64N/AN/A3,025,8001,581,37615,930,40011,316,388
2015-02-17$31.92$28.7523.7%6.8%29.7%27.7%24.4%1.2%0.3%749.8M-30.81B-96.6M0.461.69N/AN/A2,893,7481,319,18815,216,01210,567,064
2015-02-18$32.16$28.7522.4%6.4%29.1%21.8%22.9%1.3%0.4%798.5M-31.74B-97.6M0.411.11N/AN/A2,067,648845,86015,486,00810,926,464
2015-02-19$32.11$28.7522.5%6.4%29.3%22.4%23.2%1.2%0.3%808.1M-30.80B-97.9M0.511.30N/AN/A1,660,480849,52015,508,86011,029,072
2015-02-20$32.38$28.7522.2%6.3%28.6%21.3%23.0%1.5%0.3%781.7M-32.82B-93.1M0.451.58N/AN/A2,726,7641,223,78015,825,15611,237,768
2015-02-23$33.21$28.7524.6%7.0%29.3%31.6%24.9%1.0%-0.2%603.6M-30.14B-94.9M0.501.61N/AN/A4,168,8122,074,49213,419,8288,850,136
2015-02-24$33.02$28.7524.1%6.9%29.6%29.3%24.3%0.9%-0.1%654.4M-29.48B-97.6M0.441.69N/AN/A3,790,8481,657,26414,105,7409,574,276
2015-02-25$32.21$28.7525.6%7.4%27.7%35.8%26.5%1.3%-0.1%494.6M-24.16B-105.0M0.591.93N/AN/A3,884,3922,284,56814,671,90010,047,952
2015-02-26$32.59$28.7526.5%7.7%20.5%39.9%27.3%1.0%-0.4%701.2M-26.71B-105.9M0.582.99N/AN/A4,762,9082,760,79215,156,02010,410,368
2015-02-27$32.07$28.7526.6%7.8%20.5%40.4%27.7%1.1%-0.3%323.7M-23.24B-111.6M0.722.21N/AN/A2,716,0881,946,65215,686,38810,920,528