AAPL Options History — December 2015

In December 2015, AAPL traded between $26.38 and $29.76. ATM implied volatility averaged 25.4%, placing in the 20.3% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 0.9% (HV 20d: 24.4%). Max pain ranged from $27.50 to $29.75. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 0.70.

Notable Days

  • 2015-12-18: Highest Volume — 5,199,864 contracts
  • 2015-12-11: Largest IV spike — 21.1% change
  • 2015-12-31: Highest IV Rank — 38.6%
  • 2015-12-18: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.92$26.38$29.76$29.34$26.38
Max Pain$28.24$27.50$29.75$29.75$27.50
ATM IV25.4%19.2%32.2%21.0%32.2%
Expected Move6.8%5.9%8.1%6.1%6.8%
HV 20d24.4%22.1%26.4%24.1%25.6%
HV 60d25.6%25.0%26.4%25.7%25.7%
IV Rank20.3%3.8%38.6%8.5%38.6%
IV Percentile41.6%4.0%73.4%13.9%73.4%
Term Structure1.1%-0.5%4.2%0.3%-0.5%
VWIV24.1%20.7%28.4%21.5%24.3%
Skew 25d4.6%3.2%6.1%3.2%4.7%
Skew 10d9.6%6.5%13.7%6.6%10.1%
Call IV 25d23.6%17.8%30.3%19.7%30.3%
Put IV 25d28.2%21.1%35.0%22.9%35.0%
Bid-Ask Spread %2.561.954.284.282.16
Gamma HHI0.100.060.250.110.12
Net GEX186.7M-81.6M900.3M374.7M-67.1M
Net DEX-351.0M-8.72B6.33B-5.62B4.87B
Net VEX-78.6M-87.5M-69.9M-87.5M-70.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.470.950.550.70
Total Volume2,459,779.8181,157,8565,199,8641,796,5282,731,272
Total OI24,700,308.72723,684,33626,449,56024,090,02024,854,848

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-12-01$29.34$29.7521.0%6.1%24.1%8.5%21.5%3.2%0.3%374.7M-5.62B-87.5M0.554.28N/AN/A1,160,716635,81213,828,26810,261,752
2015-12-02$29.05$29.7521.7%6.4%23.0%10.4%22.4%3.4%0.2%298.7M-4.21B-86.5M0.572.24N/AN/A1,111,308631,03613,976,06810,374,332
2015-12-03$28.76$28.3923.1%6.7%22.9%14.1%23.4%3.8%0.0%198.4M-2.88B-85.8M0.582.47N/AN/A1,672,196974,79614,041,56010,406,488
2015-12-04$29.76$28.3919.2%5.9%26.3%3.8%20.7%3.3%0.5%900.3M-8.72B-87.3M0.572.51N/AN/A2,236,9161,274,71214,269,68810,549,644
2015-12-07$29.57$28.3920.8%6.1%26.4%8.1%21.6%3.7%0.4%443.4M-7.13B-85.7M0.642.57N/AN/A1,037,932665,11613,843,06410,254,132
2015-12-08$29.58$28.3921.4%6.3%26.3%9.5%22.1%3.7%0.5%484.7M-7.23B-85.5M0.632.64N/AN/A991,332625,26814,025,88410,407,768
2015-12-09$28.84$28.5724.7%7.1%24.8%18.5%24.8%4.3%0.0%245.5M-3.29B-85.2M0.702.26N/AN/A1,604,2721,129,16414,148,27610,508,212
2015-12-10$28.98$28.3923.0%6.8%24.9%13.8%23.5%4.1%0.6%297.9M-4.23B-85.0M0.581.95N/AN/A1,048,540605,65214,366,33610,592,336
2015-12-11$28.27$28.3927.8%8.0%26.4%26.8%27.8%5.8%0.4%79.4M-739.0M-83.7M0.873.58N/AN/A2,007,3121,746,37614,454,80010,616,056
2015-12-14$28.04$28.3927.4%7.8%24.5%25.8%28.4%5.6%1.8%112.2M-22.1M-80.9M0.782.83N/AN/A1,728,2321,342,83614,119,11610,472,564
2015-12-15$27.63$28.3928.0%8.1%24.4%27.4%27.7%6.1%0.4%58.6M1.77B-78.1M0.772.02N/AN/A1,235,720954,37614,432,55610,743,628
2015-12-16$27.82$28.2124.6%7.1%24.6%18.2%25.2%4.8%2.3%85.3M933.8M-77.4M0.812.74N/AN/A1,821,9561,469,12414,613,42810,867,896
2015-12-17$27.29$28.2126.4%7.5%22.1%23.0%25.7%4.9%0.9%-15.6M3.36B-74.1M0.842.14N/AN/A1,429,5041,201,67614,891,97611,183,244
2015-12-18$26.51$28.2128.6%8.1%22.8%28.9%28.2%5.5%1.1%-81.6M6.33B-71.3M0.952.54N/AN/A2,665,5002,534,36415,080,09611,369,464
2015-12-21$26.80$28.2126.6%7.1%23.4%23.6%26.0%4.2%4.1%21.8M3.45B-73.8M0.732.07N/AN/A1,484,2161,089,68813,355,24010,329,096
2015-12-22$26.80$27.8625.8%6.7%23.4%21.3%23.9%5.0%4.2%70.4M3.23B-73.2M0.672.42N/AN/A1,083,592723,64813,690,89210,455,200
2015-12-23$27.15$27.8623.5%6.2%23.6%15.3%21.6%4.8%4.2%196.2M1.85B-73.2M0.732.87N/AN/A1,347,900987,02413,905,67610,594,112
2015-12-24$27.01$27.5025.1%6.4%23.6%19.6%22.7%5.3%4.2%201.5M2.37B-73.3M0.862.77N/AN/A623,268534,58814,137,79610,790,716
2015-12-28$26.67$27.5028.8%6.8%23.8%29.6%24.6%5.6%0.0%1.3M3.76B-69.9M0.612.21N/AN/A1,056,792646,58013,542,29610,351,300
2015-12-29$27.19$27.5028.2%6.1%25.1%27.9%21.6%5.0%-0.3%160.2M1.46B-71.4M0.472.45N/AN/A1,737,352814,82013,710,56810,447,108
2015-12-30$26.86$27.5030.1%6.3%25.2%33.0%22.2%5.1%-0.5%40.8M2.96B-71.6M0.852.51N/AN/A928,044784,62813,939,48010,603,832
2015-12-31$26.38$27.5032.2%6.8%25.6%38.6%24.3%4.7%-0.5%-67.1M4.87B-70.0M0.702.16N/AN/A1,607,8361,123,43614,121,43210,733,416