AAPL Options History — November 2015

In November 2015, AAPL traded between $28.15 and $30.82. ATM implied volatility averaged 22.8%, placing in the 13.3% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded below realized volatility by 5.3% (HV 20d: 28.1%). Max pain ranged from $28.75 to $30.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.48.

Notable Days

  • 2015-11-04: Highest Volume — 9,144,476 contracts
  • 2015-11-10: Largest IV spike — 13.6% change
  • 2015-11-13: Highest IV Rank — 22.3%
  • 2015-11-11: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.55$28.15$30.82$30.26$29.57
Max Pain$29.81$28.75$30.00$28.75$30.00
ATM IV22.8%20.7%26.1%21.3%20.7%
Expected Move6.6%6.0%7.6%6.2%6.0%
HV 20d28.1%24.2%32.1%26.4%24.2%
HV 60d29.6%25.7%33.1%33.1%25.7%
IV Rank13.3%7.8%22.3%9.8%7.8%
IV Percentile26.2%13.1%47.6%20.2%13.1%
Term Structure0.2%-0.8%0.9%0.2%0.5%
VWIV23.5%21.1%29.8%22.4%21.1%
Skew 25d3.7%2.6%5.1%2.8%3.3%
Skew 10d7.5%4.5%10.5%5.0%6.0%
Call IV 25d21.5%19.3%24.6%20.6%19.3%
Put IV 25d25.2%22.6%29.7%23.4%22.6%
Bid-Ask Spread %2.951.635.852.145.34
Gamma HHI0.100.070.160.110.12
Net GEX508.7M-15.7M971.3M712.8M437.1M
Net DEX-7.58B-16.93B737.3M-13.54B-7.10B
Net VEX-97.2M-104.0M-89.2M-102.0M-89.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.140.660.520.46
Total Volume2,937,089.21,206,4289,144,4762,072,8081,568,656
Total OI26,091,724.823,728,44427,615,56026,075,13623,728,444

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-11-02$30.26$28.7521.3%6.2%26.4%9.8%22.4%2.8%0.2%712.8M-13.54B-102.0M0.522.14N/AN/A1,364,784708,02415,406,68010,668,456
2015-11-03$30.82$28.7521.3%6.2%26.9%9.5%22.9%2.8%0.2%870.9M-16.93B-104.0M0.492.02N/AN/A1,828,648887,67615,673,40010,880,436
2015-11-04$30.42$28.7521.1%6.2%27.3%8.8%21.7%2.6%0.1%763.3M-14.53B-102.6M0.142.21N/AN/A8,003,9881,140,48815,885,59211,121,796
2015-11-05$30.23$30.0021.4%6.3%27.1%9.5%22.6%2.6%0.3%644.0M-10.28B-102.6M0.322.23N/AN/A3,713,6641,190,62015,005,42011,472,432
2015-11-06$30.27$30.0022.2%6.6%26.2%11.9%22.6%3.0%-0.2%971.3M-10.89B-103.3M0.653.10N/AN/A1,612,0241,052,61615,349,55611,533,576
2015-11-09$30.14$30.0022.4%6.6%26.2%12.4%23.5%3.6%0.6%641.5M-10.02B-102.7M0.565.03N/AN/A1,162,596654,29214,745,93211,007,348
2015-11-10$29.10$30.0025.5%7.4%29.7%20.6%26.6%4.2%0.4%299.0M-4.22B-98.8M0.451.88N/AN/A3,347,4241,507,28415,023,19611,219,644
2015-11-11$29.07$30.0025.8%7.6%28.9%21.4%29.8%4.2%0.5%326.5M-4.41B-99.9M0.305.85N/AN/A1,367,060405,81215,305,70011,479,152
2015-11-12$28.95$30.0024.4%7.2%28.6%17.6%24.7%4.3%0.9%270.8M-3.43B-97.2M0.452.03N/AN/A1,921,464868,67615,439,48411,579,088
2015-11-13$28.15$30.0026.1%7.4%30.4%22.3%27.0%5.1%-0.3%-15.7M737.3M-93.0M0.592.10N/AN/A2,934,5481,721,00815,617,45211,660,900
2015-11-16$28.55$30.0025.1%7.2%30.7%19.5%25.7%5.1%0.2%229.8M-2.00B-92.9M0.662.62N/AN/A1,185,640777,82015,018,16811,261,852
2015-11-17$28.43$30.0024.2%6.9%30.0%17.2%24.5%5.1%0.4%238.4M-1.64B-92.1M0.402.42N/AN/A1,673,000667,96415,228,01211,403,788
2015-11-18$29.34$30.0024.3%7.0%32.1%17.4%23.7%4.7%-0.8%561.8M-6.84B-96.4M0.511.63N/AN/A2,081,9041,060,84415,411,65211,526,456
2015-11-19$29.74$30.0022.5%6.4%32.0%12.6%23.0%3.9%0.3%779.3M-9.29B-97.6M0.452.27N/AN/A2,362,8921,063,00015,633,52011,676,360
2015-11-20$29.81$30.0021.3%6.1%30.1%9.2%22.0%3.6%0.3%636.8M-9.43B-96.1M0.511.85N/AN/A1,743,996893,45215,758,68411,856,876
2015-11-23$29.44$30.0021.8%6.3%28.1%10.6%21.9%3.5%0.1%404.4M-6.51B-93.2M0.564.68N/AN/A1,195,548666,60413,631,24410,157,596
2015-11-24$29.72$30.0021.3%6.1%28.1%9.5%21.9%3.2%0.2%521.1M-7.93B-96.3M0.483.49N/AN/A1,182,152571,48413,922,93210,343,600
2015-11-25$29.50$30.0021.4%6.1%24.7%9.7%21.4%3.3%0.1%443.8M-6.77B-93.2M0.462.74N/AN/A988,528459,17614,076,24810,418,832
2015-11-27$29.45$30.0020.9%6.0%24.2%8.2%21.6%3.2%0.3%437.3M-6.53B-91.0M0.593.36N/AN/A760,024446,40414,189,08010,515,912
2015-11-30$29.57$30.0020.7%6.0%24.2%7.8%21.1%3.3%0.5%437.1M-7.10B-89.2M0.465.34N/AN/A1,071,156497,50013,608,76810,119,676