AAPL Options History — September 2015

In September 2015, AAPL traded between $27.02 and $29.09. ATM implied volatility averaged 34.8%, placing in the 46.0% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded below realized volatility by 2.7% (HV 20d: 37.5%). Max pain ranged from $28.75 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.85.

Notable Days

  • 2015-09-09: Highest Volume — 6,065,312 contracts
  • 2015-09-02: Largest IV drop — 19.2% change
  • 2015-09-01: Highest IV Rank — 72.4%
  • 2015-09-01: Largest Expected Move — 13.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.19$27.02$29.09$27.02$27.53
Max Pain$29.11$28.75$30.00$30.00$28.75
ATM IV34.8%28.2%44.7%44.7%39.5%
Expected Move9.4%7.5%13.3%13.3%9.0%
HV 20d37.5%29.5%43.8%41.7%29.5%
HV 60d32.0%29.8%33.6%29.8%33.6%
IV Rank46.0%28.1%72.4%72.4%58.6%
IV Percentile86.7%67.9%99.2%99.2%96.8%
Term Structure1.1%-1.1%5.1%-1.1%-0.8%
VWIV33.5%26.3%45.5%45.5%31.3%
Skew 25d9.4%7.3%13.4%13.4%9.8%
Skew 10d19.7%14.6%28.3%28.3%19.2%
Call IV 25d31.0%24.5%38.9%38.8%35.4%
Put IV 25d40.3%31.8%52.2%52.2%45.2%
Bid-Ask Spread %2.411.633.443.442.56
Gamma HHI0.080.050.270.050.05
Net GEX298.4M42.3M725.0M113.3M116.6M
Net DEX-2.43B-6.73B2.27B2.27B426.4M
Net VEX-113.3M-120.1M-105.9M-116.1M-105.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.850.601.060.840.86
Total Volume3,166,877.1431,485,9366,065,3123,833,9243,509,956
Total OI29,991,909.33327,131,72432,131,62830,299,46029,164,420

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-09-01$27.02$30.0044.7%13.3%41.7%72.4%45.5%13.4%-1.1%113.3M2.27B-116.1M0.843.44N/AN/A2,083,8761,750,04817,305,04412,994,416
2015-09-02$27.95$30.0036.1%10.1%43.6%49.5%37.5%10.3%-0.3%276.0M-1.18B-120.1M0.872.76N/AN/A1,815,2961,570,97617,693,10413,315,800
2015-09-03$27.63$30.0037.2%10.8%43.8%52.4%37.5%10.1%-0.3%221.0M377.0M-118.0M0.992.89N/AN/A1,522,3881,507,39217,864,00413,411,028
2015-09-04$27.39$30.0039.4%11.2%43.8%58.2%42.3%11.3%-0.4%95.8M1.60B-116.6M0.862.04N/AN/A1,542,4401,325,04417,935,24013,566,668
2015-09-08$28.08$30.0036.6%10.8%42.6%50.8%37.3%10.1%0.9%246.5M-1.54B-115.3M0.672.99N/AN/A1,418,568953,84817,157,97612,809,876
2015-09-09$27.48$30.0036.6%10.5%39.0%50.7%34.7%9.7%0.1%151.3M1.49B-110.6M0.752.28N/AN/A3,456,3442,608,96817,428,75212,984,112
2015-09-10$28.12$28.7533.3%9.9%39.6%41.8%34.8%8.7%1.4%308.5M-2.09B-116.3M0.952.33N/AN/A1,886,6761,789,22417,767,10813,276,392
2015-09-11$28.51$28.7531.0%8.9%39.9%35.8%33.3%8.6%-0.2%725.0M-4.21B-115.6M0.801.63N/AN/A1,886,2761,499,61618,117,18813,623,780
2015-09-14$28.81$28.7531.3%9.0%40.1%36.7%33.4%8.3%2.9%383.7M-5.24B-115.7M0.732.13N/AN/A1,600,2041,169,38417,273,30412,935,536
2015-09-15$29.07$28.7529.5%8.5%40.0%31.8%29.9%7.7%3.3%467.5M-6.73B-114.1M0.842.33N/AN/A1,478,3161,241,91617,567,56413,175,580
2015-09-16$29.09$28.7528.2%8.1%40.0%28.1%28.1%7.3%3.9%461.5M-6.37B-113.8M0.821.88N/AN/A1,130,608926,12017,771,76813,376,460
2015-09-17$28.51$28.7529.1%8.1%40.4%30.7%29.7%7.8%4.0%290.4M-2.95B-110.7M0.942.53N/AN/A2,139,7282,017,50818,037,87613,537,372
2015-09-18$28.39$28.7530.2%8.1%39.9%33.6%29.5%8.0%5.1%209.3M-1.71B-112.1M0.812.32N/AN/A2,062,8641,669,90818,232,51213,899,116
2015-09-21$28.79$28.7530.4%7.5%33.0%34.2%26.3%8.2%1.4%305.1M-5.28B-112.0M0.602.28N/AN/A1,573,704942,54415,592,49211,539,232
2015-09-22$28.16$28.7533.6%8.4%33.2%42.6%30.2%8.6%1.5%204.1M-2.55B-110.3M0.962.31N/AN/A759,980725,95616,067,98811,790,628
2015-09-23$28.63$28.7532.5%7.6%33.4%39.8%27.5%8.8%0.9%356.1M-4.96B-112.7M0.832.47N/AN/A874,168727,86016,321,52412,013,188
2015-09-24$28.75$28.7534.4%8.2%31.1%44.7%30.1%9.0%0.7%405.7M-5.76B-112.1M0.942.48N/AN/A1,416,4961,330,39616,480,28812,145,496
2015-09-25$28.72$28.7534.5%8.0%29.7%45.2%28.4%8.6%1.0%678.3M-5.58B-113.3M0.702.61N/AN/A1,982,1601,384,01616,622,88012,428,636
2015-09-28$28.21$28.7540.3%9.9%30.4%60.8%38.2%10.8%-0.9%209.3M-2.78B-112.3M1.062.00N/AN/A1,246,3481,317,54816,071,17611,897,016
2015-09-29$27.20$28.7542.8%11.0%33.0%67.3%38.7%11.6%-0.8%42.3M1.69B-106.7M1.042.34N/AN/A2,289,6402,370,11216,325,99612,311,560
2015-09-30$27.53$28.7539.5%9.0%29.5%58.6%31.3%9.8%-0.8%116.6M426.4M-105.9M0.862.56N/AN/A1,890,0761,619,88016,769,30012,395,120