AAPL Options History — March 2016

In March 2016, AAPL traded between $25.12 and $27.40. ATM implied volatility averaged 22.7%, placing in the 13.2% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 2.1% (HV 20d: 20.7%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 0.65.

Notable Days

  • 2016-03-04: Highest Volume — 3,370,632 contracts
  • 2016-03-28: Largest IV spike — 13.8% change
  • 2016-03-31: Highest IV Rank — 27.5%
  • 2016-03-07: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.06$25.12$27.40$25.12$27.27
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV22.7%20.7%28.0%21.8%28.0%
Expected Move6.0%5.1%6.8%6.3%5.5%
HV 20d20.7%15.7%26.6%26.6%16.0%
HV 60d28.9%27.9%30.3%30.3%28.2%
IV Rank13.2%7.8%27.5%10.7%27.5%
IV Percentile27.7%13.1%58.7%20.6%58.7%
Term Structure1.3%-0.6%3.5%0.3%-0.6%
VWIV21.2%18.5%23.4%22.2%19.5%
Skew 25d2.7%1.9%3.5%3.3%2.9%
Skew 10d5.4%3.9%7.2%7.2%6.2%
Call IV 25d21.9%19.2%27.0%20.2%27.0%
Put IV 25d24.5%21.5%29.9%23.5%29.9%
Bid-Ask Spread %1.971.353.742.142.15
Gamma HHI0.140.090.380.090.15
Net GEX431.3M276.6M974.0M306.9M477.0M
Net DEX-4.50B-8.98B-1.23B-1.29B-8.26B
Net VEX-84.5M-87.1M-82.0M-82.7M-85.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.430.890.640.60
Total Volume1,892,201.636785,0483,370,6322,960,5281,398,880
Total OI20,834,351.45519,025,47622,135,43620,126,27620,808,372

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-03-01$25.12$25.0021.8%6.3%26.6%10.7%22.2%3.3%0.3%306.9M-1.29B-82.7M0.642.14N/AN/A1,805,9121,154,61612,097,3968,028,880
2016-03-02$25.17$25.0021.4%6.0%25.2%9.6%21.5%3.2%0.4%332.5M-1.63B-82.7M0.822.33N/AN/A841,084688,35612,408,1648,302,024
2016-03-03$25.33$25.0021.8%6.6%24.3%10.6%22.7%2.7%0.7%400.1M-2.65B-84.9M0.541.67N/AN/A1,562,844851,02012,608,4688,417,756
2016-03-04$25.74$25.0021.1%6.1%24.8%8.7%22.4%2.4%0.5%974.0M-5.04B-87.1M0.621.52N/AN/A2,078,9521,291,68013,016,5928,523,080
2016-03-07$25.40$25.0022.8%6.8%22.6%13.2%23.4%2.0%0.9%337.3M-2.38B-86.5M0.781.35N/AN/A944,192732,72812,761,1968,043,612
2016-03-08$25.22$25.0022.7%6.7%22.7%13.1%23.3%2.4%0.7%276.6M-1.23B-85.5M0.651.72N/AN/A722,652472,22812,996,4968,315,804
2016-03-09$25.24$25.0021.8%6.5%22.7%10.7%22.5%2.5%0.7%304.5M-1.28B-84.4M0.621.47N/AN/A720,480449,12813,156,1808,387,936
2016-03-10$25.25$25.0022.8%6.7%22.3%13.3%23.2%2.4%0.8%319.0M-1.34B-84.1M0.701.73N/AN/A1,067,956744,95613,240,0648,497,976
2016-03-11$25.53$25.0021.7%6.4%22.3%10.3%22.1%2.3%1.0%627.5M-2.99B-84.7M0.591.87N/AN/A1,089,244648,01213,375,2648,613,664
2016-03-14$25.65$25.0021.2%6.1%22.3%9.0%22.1%2.5%3.1%416.6M-3.11B-83.8M0.541.81N/AN/A510,212274,83613,018,4648,292,960
2016-03-15$26.13$25.0021.5%6.2%21.1%10.0%22.5%2.0%2.0%519.3M-6.01B-85.6M0.551.69N/AN/A1,677,160921,66013,167,7688,358,012
2016-03-16$26.46$25.0021.4%6.1%21.0%9.5%21.9%1.9%2.1%542.9M-7.31B-85.8M0.611.53N/AN/A1,326,512804,83613,147,3288,517,616
2016-03-17$26.54$25.0022.2%6.3%19.1%11.9%22.8%1.9%2.0%517.6M-7.55B-86.2M0.691.70N/AN/A818,148566,07613,232,9608,750,196
2016-03-18$26.47$25.0020.7%5.7%19.2%7.8%19.9%2.3%2.4%601.3M-7.14B-84.3M0.431.86N/AN/A1,701,584724,49213,230,8968,904,540
2016-03-21$26.43$25.0021.7%5.7%19.3%10.5%19.9%3.0%3.1%331.3M-4.68B-82.9M0.713.74N/AN/A1,086,816771,45611,687,5127,337,964
2016-03-22$26.70$25.0021.6%5.4%16.8%10.3%19.9%3.1%3.1%387.2M-5.95B-83.8M0.892.26N/AN/A981,708872,43211,975,2927,614,180
2016-03-23$26.52$25.0022.4%5.4%17.0%12.3%19.2%3.0%2.8%337.2M-5.08B-83.7M0.702.28N/AN/A829,600577,79212,134,0087,751,336
2016-03-24$26.41$25.0022.6%5.2%17.3%12.8%18.8%3.2%3.5%289.5M-4.51B-83.8M0.772.28N/AN/A977,712750,56412,236,0607,900,768
2016-03-28$26.30$25.0025.7%5.5%17.6%21.2%19.4%3.5%0.2%294.6M-3.85B-82.0M0.802.06N/AN/A563,424448,68411,893,5327,592,112
2016-03-29$26.92$25.0026.0%5.1%18.8%22.1%18.5%3.1%-0.4%423.1M-6.72B-83.3M0.641.95N/AN/A1,180,432758,14412,051,3527,770,844
2016-03-30$27.40$25.0027.5%5.6%15.7%26.1%19.8%2.9%-0.6%473.2M-8.98B-84.7M0.482.19N/AN/A2,181,4361,057,80012,218,1807,972,928
2016-03-31$27.27$25.0028.0%5.5%16.0%27.5%19.5%2.9%-0.6%477.0M-8.26B-85.6M0.602.15N/AN/A874,164524,71612,631,3288,177,044