AAPL Options History — April 2016

In April 2016, AAPL traded between $23.43 and $28.00. ATM implied volatility averaged 28.2%, placing in the 27.9% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 8.4% (HV 20d: 19.8%). Max pain ranged from $25.00 to $26.25. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.76.

Notable Days

  • 2016-04-27: Highest Volume — 6,239,956 contracts
  • 2016-04-27: Largest IV drop — 24.0% change
  • 2016-04-07: Highest IV Rank — 38.8%
  • 2016-04-26: Largest Expected Move — 8.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.67$23.43$28.00$27.48$23.43
Max Pain$26.06$25.00$26.25$25.00$26.00
ATM IV28.2%22.0%32.2%27.2%25.1%
Expected Move7.8%5.2%8.8%5.2%7.4%
HV 20d19.8%15.2%29.6%16.0%29.1%
HV 60d25.2%20.8%27.8%27.8%24.9%
IV Rank27.9%11.1%38.8%25.3%19.5%
IV Percentile59.2%25.4%75.8%56.0%41.7%
Term Structure-1.1%-1.7%-0.3%-0.5%-0.6%
VWIV27.5%18.6%30.0%18.6%26.1%
Skew 25d3.0%1.7%3.9%2.6%2.6%
Skew 10d5.5%2.8%7.2%5.6%4.8%
Call IV 25d26.9%21.7%30.6%26.5%24.6%
Put IV 25d29.9%23.4%34.4%29.1%27.2%
Bid-Ask Spread %2.161.425.152.261.79
Gamma HHI0.130.070.400.400.08
Net GEX295.3M-183.1M865.6M865.6M-103.8M
Net DEX-3.91B-10.85B8.00B-9.10B8.00B
Net VEX-80.7M-88.4M-63.9M-85.0M-64.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.610.950.690.81
Total Volume2,602,993.9051,381,0766,239,9562,075,2725,002,880
Total OI20,384,02017,769,75222,129,23621,025,34021,977,136

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-04-01$27.48$25.0027.2%5.2%16.0%25.3%18.6%2.6%-0.5%865.6M-9.10B-85.0M0.692.26N/AN/A1,229,600845,67212,719,1848,306,156
2016-04-04$27.78$25.0029.0%7.7%15.6%30.2%27.4%3.0%-1.3%473.5M-9.89B-85.8M0.621.78N/AN/A1,631,2081,012,34412,405,6887,910,608
2016-04-05$27.42$25.0029.7%7.9%15.6%31.9%27.9%3.4%-1.4%418.4M-8.06B-87.3M0.651.58N/AN/A835,476545,60012,723,9928,247,808
2016-04-06$27.72$26.2529.9%8.0%15.2%32.4%28.3%3.0%-1.4%495.6M-9.61B-88.4M0.632.32N/AN/A924,480578,60812,870,3928,238,444
2016-04-07$27.12$26.2532.2%8.4%17.8%38.8%29.7%3.9%-1.6%340.9M-6.62B-86.9M0.641.42N/AN/A1,353,980869,70812,961,7408,370,588
2016-04-08$27.15$26.2530.3%8.1%17.8%33.7%28.6%3.4%-1.7%368.8M-6.80B-86.3M0.721.64N/AN/A1,200,620865,40013,295,3368,545,676
2016-04-11$27.32$26.2529.8%8.0%17.6%32.3%28.5%3.5%-1.5%422.5M-7.56B-86.2M0.851.86N/AN/A898,396762,80812,924,7968,308,304
2016-04-12$27.59$26.2529.0%7.9%17.8%30.1%28.6%3.3%-1.1%499.0M-8.85B-86.1M0.861.58N/AN/A811,804702,11213,034,6688,452,580
2016-04-13$27.98$26.2528.9%8.0%17.3%29.7%28.1%3.3%-0.6%552.8M-10.85B-87.5M0.761.60N/AN/A1,251,604956,15613,121,4488,564,184
2016-04-14$28.00$26.2528.0%7.9%17.0%27.5%29.1%3.3%-0.7%484.3M-10.60B-86.1M0.951.92N/AN/A785,164746,85613,179,1888,785,016
2016-04-15$27.45$26.2528.8%8.0%18.8%29.6%28.7%3.7%-1.3%731.8M-7.00B-84.3M0.862.04N/AN/A2,386,9522,051,08013,241,6088,887,628
2016-04-18$26.91$26.2529.8%8.4%20.3%32.3%29.5%3.4%-1.3%179.5M-2.71B-82.2M0.823.03N/AN/A1,790,8121,463,70010,735,1967,034,556
2016-04-19$26.71$26.2529.2%8.3%20.5%30.6%29.5%3.0%-1.0%155.1M-1.94B-80.4M0.782.15N/AN/A875,584680,01611,074,3607,322,360
2016-04-20$26.84$26.2527.3%7.8%20.3%25.4%27.4%2.4%-1.3%194.0M-2.40B-81.2M0.702.94N/AN/A1,032,864718,98411,209,0447,434,288
2016-04-21$26.49$26.2528.1%8.1%20.7%27.7%28.3%2.7%-1.3%102.2M-975.4M-79.4M0.611.76N/AN/A1,069,644653,01211,385,2607,532,952
2016-04-22$26.41$26.2526.9%7.8%20.7%24.3%27.3%2.7%-1.2%119.0M-654.8M-78.2M0.712.59N/AN/A1,391,660990,86011,587,0087,620,992
2016-04-25$26.23$26.2527.8%8.3%20.8%26.7%29.2%2.6%-1.5%121.9M-430.1M-76.1M0.931.98N/AN/A913,312852,21210,908,5727,259,776
2016-04-26$26.05$26.2528.9%8.8%19.0%29.8%30.0%2.9%-1.7%103.6M136.6M-75.7M0.825.15N/AN/A1,976,4721,630,20811,236,1767,483,428
2016-04-27$24.41$26.2522.0%6.3%28.1%11.1%22.5%1.7%-0.3%-183.1M6.20B-63.9M0.701.77N/AN/A3,674,3802,565,57611,862,2448,076,832
2016-04-28$23.64$26.2524.3%7.1%29.6%17.3%24.9%2.4%-0.5%-140.6M7.53B-64.0M0.882.28N/AN/A2,198,8801,936,18812,893,3168,335,892
2016-04-29$23.43$26.0025.1%7.4%29.1%19.5%26.1%2.6%-0.6%-103.8M8.00B-64.2M0.811.79N/AN/A2,757,6842,245,19613,449,9888,527,148