AAPL Options History — September 2016

In September 2016, AAPL traded between $25.87 and $28.89. ATM implied volatility averaged 21.6%, placing in the 21.2% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 0.8% (HV 20d: 20.8%). Max pain ranged from $26.25 to $27.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.65.

Notable Days

  • 2016-09-14: Highest Volume — 7,831,708 contracts
  • 2016-09-26: Largest IV spike — 15.6% change
  • 2016-09-29: Highest IV Rank — 47.2%
  • 2016-09-15: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.73$25.87$28.89$26.63$28.24
Max Pain$26.96$26.25$27.50$26.25$27.50
ATM IV21.6%18.3%28.2%19.9%26.7%
Expected Move5.6%5.1%6.2%5.9%5.1%
HV 20d20.8%9.3%26.6%10.4%26.6%
HV 60d22.0%19.9%23.5%20.3%22.8%
IV Rank21.2%8.7%47.2%14.8%41.6%
IV Percentile29.7%8.7%75.4%15.5%68.7%
Term Structure1.5%-0.7%7.1%-0.4%-0.5%
VWIV20.1%18.1%22.3%20.9%18.1%
Skew 25d1.4%0.7%2.4%1.3%2.4%
Skew 10d2.8%1.3%4.7%2.5%4.4%
Call IV 25d21.2%18.0%27.6%19.8%26.0%
Put IV 25d22.6%18.9%29.7%21.1%28.4%
Bid-Ask Spread %1.951.392.592.062.09
Gamma HHI0.150.080.490.120.17
Net GEX584.8M151.9M1.44B420.9M782.0M
Net DEX-8.65B-17.04B-149.0M-4.72B-8.91B
Net VEX-85.9M-91.4M-77.9M-80.6M-86.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.410.840.780.57
Total Volume2,733,933.1431,242,6807,831,7081,621,1042,136,572
Total OI22,230,292.76220,510,55624,437,26820,546,38423,137,504

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-09-01$26.63$26.2519.9%5.9%10.4%14.8%20.9%1.3%-0.4%420.9M-4.72B-80.6M0.782.06N/AN/A909,664711,44012,661,4047,884,980
2016-09-02$26.91$26.2518.5%5.4%9.8%9.4%19.3%1.2%-0.3%607.7M-6.22B-81.9M0.702.02N/AN/A1,122,224789,38812,978,0768,078,400
2016-09-06$26.91$26.2519.1%5.4%9.3%11.8%19.6%1.2%-0.3%499.5M-5.79B-81.1M0.531.58N/AN/A864,932455,06812,736,3047,774,252
2016-09-07$27.14$26.2518.3%5.4%9.6%8.7%19.1%1.2%0.0%632.8M-6.81B-81.2M0.542.59N/AN/A1,560,156845,69213,027,4087,984,516
2016-09-08$26.38$26.2518.9%5.6%13.8%11.1%19.8%1.5%-0.0%269.9M-2.57B-78.2M0.511.87N/AN/A2,209,8401,127,47613,414,3568,200,916
2016-09-09$25.87$26.2520.7%5.9%15.2%17.8%21.3%2.2%-0.3%151.9M-149.0M-77.9M0.762.09N/AN/A1,855,9601,415,49213,944,3968,455,604
2016-09-12$26.41$26.2519.8%5.8%17.2%14.5%20.7%2.3%0.6%354.1M-3.26B-78.5M0.821.54N/AN/A1,130,900928,62013,440,4408,209,504
2016-09-13$27.01$26.2520.7%5.9%18.6%17.6%21.1%2.4%-0.1%566.6M-6.69B-84.1M0.561.66N/AN/A1,843,2121,037,12413,590,9088,495,584
2016-09-14$27.93$26.2520.9%6.2%22.2%18.6%22.3%1.0%0.7%782.3M-12.34B-88.0M0.411.39N/AN/A5,562,8682,268,84013,780,3608,655,068
2016-09-15$28.89$27.5021.4%6.2%25.1%20.5%22.1%0.9%0.3%785.6M-17.04B-90.6M0.581.57N/AN/A3,942,3322,284,58414,355,0569,111,432
2016-09-16$28.76$27.5020.8%6.0%25.2%17.9%21.3%0.9%0.2%1.44B-15.94B-91.2M0.601.43N/AN/A3,004,7281,800,77214,783,9889,653,280
2016-09-19$28.38$27.5020.7%5.9%25.8%17.7%21.0%0.9%5.4%522.7M-10.69B-91.4M0.642.42N/AN/A1,509,312962,47613,512,1368,255,244
2016-09-20$28.44$27.5020.0%5.7%25.6%15.1%20.5%0.9%5.9%560.1M-10.99B-91.0M0.842.17N/AN/A850,364716,34013,820,7568,481,332
2016-09-21$28.39$27.5019.1%5.5%25.6%11.8%19.6%0.9%6.2%554.3M-10.59B-90.5M0.592.09N/AN/A1,135,604665,95214,018,6488,603,552
2016-09-22$28.68$27.5019.4%5.2%25.4%12.8%18.5%0.9%6.7%736.6M-12.52B-89.7M0.642.26N/AN/A1,164,716747,35214,185,6768,701,564
2016-09-23$28.18$27.5022.1%5.6%26.4%23.0%19.9%0.7%7.1%468.2M-9.10B-89.5M0.752.33N/AN/A1,725,7281,301,09614,292,0488,824,584
2016-09-26$28.26$27.5025.5%5.7%26.2%35.8%20.3%1.6%0.4%502.0M-9.30B-88.9M0.691.85N/AN/A867,648596,04013,672,9328,423,444
2016-09-27$28.28$27.5025.9%5.2%26.2%37.0%18.5%1.5%0.3%537.0M-9.40B-87.4M0.752.00N/AN/A711,912530,76813,762,7248,562,260
2016-09-28$28.50$27.5026.7%5.1%25.8%40.3%18.4%1.4%-0.6%645.2M-10.58B-88.4M0.541.85N/AN/A1,221,024654,41613,897,1048,669,608
2016-09-29$28.09$27.5028.2%5.6%26.6%47.2%19.9%2.2%-0.7%462.8M-8.04B-87.5M0.802.11N/AN/A1,246,256997,70814,006,0088,792,792
2016-09-30$28.24$27.5026.7%5.1%26.6%41.6%18.1%2.4%-0.5%782.0M-8.91B-86.5M0.572.09N/AN/A1,364,372772,20014,171,7048,965,800