AAPL Options History — March 2015

In March 2015, AAPL traded between $30.56 and $32.35. ATM implied volatility averaged 27.1%, placing in the 42.2% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 5.9% (HV 20d: 21.2%). Max pain ranged from $27.50 to $30.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.60.

Notable Days

  • 2015-03-11: Highest Volume — 6,563,520 contracts
  • 2015-03-25: Largest IV spike — 14.8% change
  • 2015-03-27: Highest IV Rank — 68.9%
  • 2015-03-06: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.49$30.56$32.35$32.25$31.15
Max Pain$28.61$27.50$30.00$28.75$30.00
ATM IV27.1%22.7%33.2%26.2%31.9%
Expected Move7.1%6.2%7.8%7.8%6.9%
HV 20d21.2%19.0%22.7%19.3%22.7%
HV 60d27.5%26.8%28.1%28.1%27.5%
IV Rank42.2%23.3%68.9%38.6%63.3%
IV Percentile70.3%38.1%94.0%69.0%91.7%
Term Structure1.5%-0.9%6.6%-0.2%-0.9%
VWIV25.0%21.9%27.7%27.6%24.0%
Skew 25d1.7%0.9%2.9%1.1%2.5%
Skew 10d3.5%1.8%6.0%1.8%4.9%
Call IV 25d26.3%19.2%32.0%26.0%31.6%
Put IV 25d28.1%22.1%34.6%27.2%34.1%
Bid-Ask Spread %4.591.4953.481.901.76
Gamma HHI0.080.060.110.090.07
Net GEX564.8M292.2M905.9M615.6M524.9M
Net DEX-20.26B-26.30B-14.43B-24.60B-16.60B
Net VEX-109.9M-113.5M-106.4M-110.5M-110.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.470.770.560.64
Total Volume3,690,479.4551,928,7766,563,5202,984,2442,789,036
Total OI26,395,176.18224,130,37228,605,66024,933,72825,719,168

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-03-02$32.25$28.7526.2%7.8%19.3%38.6%27.6%1.1%-0.2%615.6M-24.60B-110.5M0.561.90N/AN/A1,917,0041,067,24014,880,52410,053,204
2015-03-03$32.35$28.7525.8%7.5%19.0%36.5%27.0%1.0%-0.3%690.5M-25.45B-106.4M0.682.01N/AN/A1,489,0521,009,90415,236,96810,350,088
2015-03-04$32.10$28.7525.8%7.6%19.5%36.7%26.9%0.9%-0.4%642.5M-23.89B-109.8M0.681.97N/AN/A1,239,936845,22415,389,72010,661,168
2015-03-05$31.61$27.5026.7%7.6%20.6%40.4%26.8%1.2%-0.5%449.6M-20.92B-106.9M0.511.49N/AN/A3,463,2921,767,50815,634,48410,801,364
2015-03-06$31.65$27.5027.4%7.8%20.6%43.8%27.7%1.3%-0.7%564.1M-21.34B-112.1M0.591.60N/AN/A3,986,3682,354,52016,159,50811,015,580
2015-03-09$31.79$27.5025.0%7.2%20.2%33.3%25.4%1.1%0.3%599.7M-22.59B-108.4M0.551.84N/AN/A3,383,0001,862,55215,313,32410,253,160
2015-03-10$31.13$27.5025.9%7.4%21.9%37.2%26.1%1.4%0.1%395.7M-18.80B-107.4M0.582.37N/AN/A2,680,7601,567,66415,760,48810,705,540
2015-03-11$30.56$27.5026.5%7.6%22.0%39.9%26.6%1.7%0.2%301.3M-15.31B-112.3M0.712.73N/AN/A3,840,2402,723,28016,172,45610,908,048
2015-03-12$31.11$28.7524.9%7.2%21.6%33.0%25.4%1.6%0.3%535.9M-18.25B-111.5M0.662.94N/AN/A2,161,3881,426,08416,636,14411,234,028
2015-03-13$30.90$28.7525.2%7.3%21.1%34.2%26.0%1.2%0.5%428.7M-17.07B-111.5M0.712.75N/AN/A2,856,1562,015,02416,965,85211,639,808
2015-03-16$31.24$28.7524.3%7.0%21.4%30.4%24.7%1.5%5.6%584.6M-19.79B-110.2M0.572.65N/AN/A1,400,028794,07215,903,21610,968,364
2015-03-17$31.76$28.7524.5%7.0%22.2%31.0%24.9%1.6%5.7%760.6M-23.67B-109.1M0.471.58N/AN/A2,285,2921,072,02816,077,14011,139,216
2015-03-18$32.12$28.7522.7%6.5%22.4%23.3%23.0%1.6%6.4%905.9M-26.30B-109.0M0.512.22N/AN/A2,651,3961,342,70416,396,45611,351,444
2015-03-19$31.88$28.7524.1%6.6%22.6%29.3%23.1%1.6%5.8%823.2M-24.35B-110.2M0.531.72N/AN/A1,932,7441,027,92816,627,67211,547,160
2015-03-20$31.48$28.7524.8%6.5%22.7%32.5%21.9%2.9%6.6%652.5M-21.41B-109.5M0.6453.48N/AN/A2,211,1641,424,45216,807,99611,756,088
2015-03-23$31.80$28.7527.0%6.2%20.9%41.9%22.1%2.1%1.3%600.5M-20.73B-108.0M0.593.09N/AN/A1,652,112970,03614,419,4369,710,936
2015-03-24$31.67$28.9327.7%6.2%20.9%44.8%22.0%2.2%1.3%606.8M-19.62B-110.3M0.542.78N/AN/A1,251,816676,96014,685,48410,028,640
2015-03-25$30.84$28.9331.8%7.4%21.1%62.5%25.7%2.2%0.8%353.6M-14.87B-109.5M0.573.21N/AN/A2,539,5601,438,91214,877,04010,189,016
2015-03-26$31.09$29.2932.0%7.1%20.8%63.6%24.8%2.5%0.6%461.5M-16.30B-109.8M0.701.82N/AN/A1,911,9361,333,07215,304,96410,430,876
2015-03-27$30.81$29.2933.2%7.5%20.4%68.9%26.3%2.7%0.4%292.2M-14.43B-111.3M0.773.46N/AN/A2,014,6681,545,86415,525,28810,647,176
2015-03-30$31.58$29.2931.8%6.4%22.3%62.8%22.1%2.3%-0.7%634.8M-19.36B-113.5M0.531.55N/AN/A2,135,3921,133,18014,748,37610,061,268
2015-03-31$31.15$30.0031.9%6.9%22.7%63.3%24.0%2.5%-0.9%524.9M-16.60B-110.7M0.641.76N/AN/A1,696,2201,092,81615,236,19610,482,972