AAPL Options History — July 2016

In July 2016, AAPL traded between $23.74 and $26.10. ATM implied volatility averaged 22.3%, placing in the 12.2% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 3.2% (HV 20d: 19.1%). Max pain ranged from $23.75 to $24.63. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.64.

Notable Days

2016-07-27: Highest Volume — 5,034,236 contracts
2016-07-27: Largest IV drop — 30.3% change
2016-07-06: Highest IV Rank — 19.2%
2016-07-26: Largest Expected Move — 7.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.65	$23.74	$26.10	$24.02	$26.05
Max Pain	$24.22	$23.75	$24.63	$24.00	$24.63
ATM IV	22.3%	16.6%	25.1%	23.3%	16.6%
Expected Move	6.1%	4.3%	7.2%	4.3%	4.7%
HV 20d	19.1%	14.5%	26.6%	18.4%	26.6%
HV 60d	22.5%	18.2%	23.7%	23.7%	22.3%
IV Rank	12.2%	0.0%	19.2%	14.5%	0.0%
IV Percentile	27.4%	0.0%	42.5%	32.5%	0.0%
Term Structure	-0.8%	-1.9%	0.5%	0.0%	0.5%
VWIV	21.6%	15.1%	25.4%	15.1%	16.9%
Skew 25d	2.7%	1.6%	3.3%	2.9%	1.7%
Skew 10d	5.2%	3.1%	7.9%	5.8%	3.1%
Call IV 25d	21.1%	15.9%	23.7%	22.1%	15.9%
Put IV 25d	23.7%	17.6%	27.0%	25.0%	17.6%
Bid-Ask Spread %	2.05	1.31	5.65	2.68	2.17
Gamma HHI	0.11	0.06	0.24	0.24	0.14
Net GEX	301.5M	70.2M	610.6M	396.9M	608.6M
Net DEX	-1.66B	-8.32B	2.28B	866.1M	-7.92B
Net VEX	-73.2M	-80.7M	-69.1M	-71.7M	-80.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.64	0.47	0.90	0.76	0.50
Total Volume	1,953,700.6	887,916	5,034,236	1,896,800	1,927,756
Total OI	20,490,076	18,342,128	22,391,140	20,822,744	22,391,140

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2016-07-01	$24.02	$24.00	23.3%	4.3%	18.4%	14.5%	15.1%	2.9%	0.0%	396.9M	866.1M	-71.7M	0.76	2.68	N/A	N/A	1,076,316	820,484	12,775,576	8,047,168
2016-07-05	$23.74	$23.75	25.0%	6.6%	18.5%	19.1%	22.6%	3.3%	-1.3%	70.2M	2.28B	-69.1M	0.76	1.31	N/A	N/A	632,172	481,612	12,435,212	7,669,612
2016-07-06	$23.88	$23.75	25.1%	6.7%	18.6%	19.2%	23.6%	3.0%	-1.3%	132.9M	1.55B	-70.5M	0.83	1.45	N/A	N/A	690,204	571,208	12,640,832	7,774,644
2016-07-07	$23.98	$23.75	24.8%	6.6%	18.7%	18.5%	22.8%	3.0%	-1.2%	196.5M	1.10B	-70.2M	0.64	2.15	N/A	N/A	894,956	575,340	12,783,816	7,897,788
2016-07-08	$24.17	$23.75	23.8%	6.2%	18.7%	15.8%	21.6%	2.6%	-1.5%	285.8M	-30.8M	-70.2M	0.57	1.42	N/A	N/A	1,190,604	684,596	12,966,828	7,984,292
2016-07-11	$24.26	$23.75	23.5%	6.3%	18.6%	14.9%	21.9%	2.8%	-1.4%	226.1M	-211.9M	-70.3M	0.52	1.40	N/A	N/A	790,012	406,976	12,855,028	7,851,648
2016-07-12	$24.34	$24.38	22.4%	6.1%	17.7%	12.0%	21.6%	2.7%	-1.2%	271.7M	-676.3M	-71.0M	0.66	1.41	N/A	N/A	692,584	455,600	13,036,600	7,968,384
2016-07-13	$24.23	$24.38	22.6%	6.1%	17.8%	12.6%	21.9%	2.9%	-1.5%	212.9M	144.0M	-69.6M	0.78	1.40	N/A	N/A	499,380	388,536	13,239,560	8,096,820
2016-07-14	$24.73	$24.38	22.5%	6.1%	19.2%	12.3%	22.0%	2.6%	-1.9%	480.9M	-2.93B	-73.5M	0.66	1.36	N/A	N/A	1,641,336	1,078,192	13,379,984	8,166,728
2016-07-15	$24.68	$24.38	22.2%	6.2%	19.2%	11.4%	21.6%	2.8%	-0.8%	253.8M	-2.29B	-74.2M	0.61	1.40	N/A	N/A	1,001,080	607,416	13,503,932	8,357,560
2016-07-18	$24.98	$24.38	22.0%	6.2%	17.3%	10.9%	21.9%	2.8%	-0.6%	319.2M	-2.61B	-74.1M	0.53	2.41	N/A	N/A	1,185,828	631,632	11,292,864	7,049,264
2016-07-19	$24.97	$24.38	22.5%	6.4%	17.3%	12.3%	22.7%	2.8%	-0.6%	324.9M	-2.65B	-75.6M	0.63	1.99	N/A	N/A	635,276	400,328	11,582,144	7,289,740
2016-07-20	$25.00	$24.38	22.5%	6.5%	17.1%	12.3%	22.9%	2.8%	-1.0%	345.6M	-2.83B	-76.5M	0.47	2.03	N/A	N/A	822,056	389,492	11,747,248	7,450,704
2016-07-21	$24.85	$24.38	23.1%	6.7%	17.2%	13.9%	23.7%	3.0%	-1.0%	321.2M	-2.14B	-75.2M	0.53	1.96	N/A	N/A	1,414,164	742,480	11,877,424	7,540,988
2016-07-22	$24.64	$24.38	22.4%	6.5%	17.5%	12.0%	23.2%	2.9%	-0.9%	82.8M	-855.8M	-72.8M	0.78	2.15	N/A	N/A	955,348	741,796	12,167,684	7,730,156
2016-07-25	$24.29	$24.38	23.5%	7.1%	16.0%	15.0%	24.3%	2.9%	-0.7%	151.4M	699.9M	-71.1M	0.60	2.29	N/A	N/A	1,535,832	917,136	11,650,124	7,443,524
2016-07-26	$24.20	$24.38	24.1%	7.2%	14.5%	16.5%	25.4%	2.9%	-0.9%	137.2M	1.15B	-70.2M	0.90	5.65	N/A	N/A	2,112,448	1,907,072	12,025,768	7,785,952
2016-07-27	$25.86	$24.38	16.8%	4.8%	26.6%	0.0%	17.8%	1.8%	0.2%	600.8M	-7.56B	-77.8M	0.60	2.18	N/A	N/A	3,136,840	1,897,396	12,698,292	8,677,948
2016-07-28	$26.10	$24.50	17.2%	4.9%	26.6%	1.1%	17.9%	1.6%	0.4%	610.6M	-8.32B	-79.6M	0.48	2.21	N/A	N/A	1,719,460	823,068	12,939,280	9,029,264
2016-07-29	$26.05	$24.63	16.6%	4.7%	26.6%	0.0%	16.9%	1.7%	0.5%	608.6M	-7.92B	-80.7M	0.50	2.17	N/A	N/A	1,285,604	642,152	13,200,588	9,190,552