AAPL Options History — May 2015

In May 2015, AAPL traded between $31.21 and $33.17. ATM implied volatility averaged 21.2%, placing in the 16.0% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded below realized volatility by 2.3% (HV 20d: 23.5%). Max pain ranged from $31.25 to $33.75. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.57.

Notable Days

  • 2015-05-06: Highest Volume — 9,321,612 contracts
  • 2015-05-26: Largest IV spike — 16.1% change
  • 2015-05-06: Highest IV Rank — 38.0%
  • 2015-05-06: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.20$31.21$33.17$32.19$32.63
Max Pain$32.67$31.25$33.75$31.25$32.75
ATM IV21.2%17.9%26.1%24.3%19.4%
Expected Move6.1%5.1%7.5%6.9%5.4%
HV 20d23.5%21.7%25.2%22.3%21.8%
HV 60d21.4%20.7%22.0%21.5%21.3%
IV Rank16.0%0.9%38.0%30.4%7.6%
IV Percentile22.1%0.4%59.5%48.4%9.5%
Term Structure0.3%-0.1%1.0%-0.1%0.2%
VWIV21.6%18.1%26.3%25.1%18.8%
Skew 25d2.1%1.5%2.7%2.4%2.2%
Skew 10d4.2%2.7%5.8%4.9%4.2%
Call IV 25d20.4%17.2%25.5%23.6%18.3%
Put IV 25d22.4%18.7%28.0%25.9%20.5%
Bid-Ask Spread %2.031.352.892.292.29
Gamma HHI0.110.070.150.100.11
Net GEX781.0M364.0M1.33B761.1M724.1M
Net DEX-15.92B-23.84B-10.12B-18.99B-16.73B
Net VEX-116.7M-119.4M-114.2M-116.5M-116.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.310.810.670.65
Total Volume3,969,997.82,197,9329,321,6127,133,2483,756,736
Total OI27,219,377.424,823,37229,095,61628,782,82827,155,148

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-05-01$32.19$31.2524.3%6.9%22.3%30.4%25.1%2.4%-0.1%761.1M-18.99B-116.5M0.672.29N/AN/A4,265,0762,868,17217,593,57211,189,256
2015-05-04$32.17$32.5022.6%6.7%21.7%22.7%23.9%2.0%1.0%738.4M-17.09B-116.3M0.531.86N/AN/A2,453,4801,291,76415,973,47210,180,756
2015-05-05$31.47$32.5024.1%7.1%22.8%29.5%25.0%2.0%0.5%448.8M-12.14B-116.3M0.531.72N/AN/A2,503,5361,322,79616,423,74010,636,852
2015-05-06$31.21$32.5026.1%7.5%23.0%38.0%26.3%2.4%0.2%364.0M-10.76B-117.4M0.312.46N/AN/A7,105,2362,216,37616,783,46010,893,568
2015-05-07$31.31$32.5024.3%7.1%22.9%30.4%25.3%2.7%0.3%464.2M-10.12B-118.8M0.511.43N/AN/A2,541,3721,284,06416,823,30011,452,720
2015-05-08$31.91$32.5021.6%6.3%23.8%18.7%22.8%2.5%0.6%805.1M-14.47B-118.1M0.621.65N/AN/A3,074,8761,898,82417,035,62011,690,384
2015-05-11$31.58$32.5022.5%6.6%24.1%22.4%22.8%2.0%0.4%598.7M-11.50B-117.1M0.582.36N/AN/A1,769,2761,024,61616,293,44410,997,540
2015-05-12$31.50$32.5022.5%6.6%24.1%22.3%22.7%2.1%0.3%576.0M-10.78B-116.3M0.601.86N/AN/A1,660,772990,07216,660,41211,232,248
2015-05-13$31.50$33.7522.0%6.4%24.0%20.4%22.4%2.1%0.3%556.8M-10.69B-114.2M0.541.74N/AN/A1,532,768834,54416,935,95211,378,228
2015-05-14$32.21$33.7521.1%6.1%25.2%14.9%21.8%2.1%0.1%1.10B-16.19B-119.4M0.551.35N/AN/A2,647,9561,443,55217,053,16011,555,680
2015-05-15$32.17$33.7520.5%5.9%24.7%12.3%21.2%2.0%0.3%659.2M-15.56B-116.3M0.571.51N/AN/A2,472,6521,403,34017,295,18411,800,432
2015-05-18$32.55$32.5019.5%5.6%23.7%7.9%19.6%1.9%0.3%855.4M-17.39B-115.4M0.452.89N/AN/A2,654,5361,190,38414,827,8249,995,548
2015-05-19$32.52$32.5019.3%5.5%23.6%7.2%19.5%1.7%0.2%980.5M-17.65B-117.4M0.652.73N/AN/A1,420,416923,19215,547,01210,346,136
2015-05-20$32.57$32.5018.8%5.4%23.3%5.1%19.0%1.7%0.5%1.05B-17.87B-118.4M0.461.99N/AN/A1,657,584762,22015,741,56410,562,960
2015-05-21$32.88$32.5018.2%5.2%23.3%2.5%18.6%1.9%0.5%1.33B-20.89B-115.0M0.611.91N/AN/A2,132,9041,291,42415,882,91610,711,248
2015-05-22$33.17$32.5017.9%5.1%23.4%0.9%18.1%1.5%0.5%921.1M-23.84B-115.0M0.531.99N/AN/A3,202,6921,682,28016,105,52011,020,708
2015-05-26$32.43$32.7520.7%5.9%24.1%13.5%20.9%2.0%-0.1%677.6M-15.70B-116.2M0.652.08N/AN/A2,825,7161,842,76815,161,33610,224,716
2015-05-27$33.02$32.7519.2%5.4%24.4%6.6%19.1%2.1%0.1%1.05B-20.36B-118.6M0.632.37N/AN/A2,000,1281,253,92415,754,01610,659,112
2015-05-28$32.96$32.7519.0%5.3%23.7%6.0%18.8%2.0%0.3%957.5M-19.70B-116.0M0.812.12N/AN/A1,214,524983,40815,866,58810,946,216
2015-05-29$32.63$32.7519.4%5.4%21.8%7.6%18.8%2.2%0.2%724.1M-16.73B-116.0M0.652.29N/AN/A2,271,6761,485,06016,027,80411,127,344