AAPL Options History — November 2016

In November 2016, AAPL traded between $26.38 and $27.97. ATM implied volatility averaged 20.1%, placing in the 16.0% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded below realized volatility by 0.1% (HV 20d: 20.2%). Max pain ranged from $27.50 to $28.75. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.72.

Notable Days

2016-11-16: Highest Volume — 3,873,640 contracts
2016-11-14: Largest IV spike — 18.7% change
2016-11-14: Highest IV Rank — 35.1%
2016-11-14: Largest Expected Move — 7.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.52	$26.38	$27.97	$27.82	$27.67
Max Pain	$28.08	$27.50	$28.75	$28.00	$28.75
ATM IV	20.1%	17.0%	25.0%	20.9%	17.3%
Expected Move	5.8%	4.8%	7.2%	6.4%	5.0%
HV 20d	20.2%	15.5%	24.3%	15.5%	21.9%
HV 60d	20.4%	18.4%	21.6%	18.4%	21.5%
IV Rank	16.0%	4.0%	35.1%	19.4%	5.2%
IV Percentile	23.5%	3.2%	61.1%	25.8%	6.7%
Term Structure	0.0%	-1.1%	0.9%	-0.1%	0.2%
VWIV	20.5%	17.2%	24.6%	22.5%	17.8%
Skew 25d	2.9%	2.1%	5.0%	3.2%	2.2%
Skew 10d	5.6%	4.3%	9.9%	6.2%	4.3%
Call IV 25d	19.2%	16.4%	24.1%	19.9%	16.7%
Put IV 25d	22.0%	18.5%	27.1%	23.1%	18.9%
Bid-Ask Spread %	1.77	1.16	2.53	2.20	1.97
Gamma HHI	0.13	0.08	0.59	0.12	0.10
Net GEX	341.9M	41.2M	1.37B	226.5M	307.8M
Net DEX	-2.94B	-5.48B	1.08B	-3.19B	-3.23B
Net VEX	-75.8M	-78.9M	-70.9M	-77.6M	-74.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.72	0.21	0.87	0.64	0.71
Total Volume	1,946,936.762	895,544	3,873,640	2,825,848	1,242,140
Total OI	21,434,379.048	20,250,220	23,671,620	20,850,660	21,613,292

Daily Data (21 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
2016-11-01	$27.82	$28.00	20.9%	6.4%	15.5%	19.4%	22.5%	3.2%	-0.1%	226.5M	-3.19B	-77.6M	0.64	2.20	N/A	N/A	1,721,044	1,104,804	12,519,828	8,330,832
2016-11-02	$27.97	$28.00	20.3%	6.1%	15.7%	16.7%	21.5%	2.8%	-0.0%	291.0M	-4.05B	-78.9M	0.21	2.20	N/A	N/A	3,055,744	650,676	12,816,448	8,603,380
2016-11-03	$27.45	$27.50	22.2%	6.3%	16.6%	24.3%	22.3%	4.4%	-0.2%	127.7M	-924.6M	-77.8M	0.76	1.28	N/A	N/A	1,207,012	913,156	12,620,260	8,884,744
2016-11-04	$27.22	$27.50	23.5%	6.5%	16.7%	29.4%	22.7%	5.0%	-0.5%	41.2M	-521.2M	-77.6M	0.82	2.33	N/A	N/A	1,255,736	1,024,576	12,759,088	8,895,264
2016-11-07	$27.52	$27.50	21.3%	6.1%	15.7%	20.7%	21.4%	3.8%	0.2%	223.5M	-2.79B	-76.2M	0.86	1.52	N/A	N/A	798,096	685,752	12,022,120	8,228,100
2016-11-08	$27.82	$27.50	20.8%	6.1%	16.3%	18.7%	21.1%	4.1%	0.7%	327.2M	-4.30B	-77.3M	0.87	2.36	N/A	N/A	682,508	592,680	12,211,740	8,284,060
2016-11-09	$27.66	$27.50	19.6%	5.8%	15.8%	14.2%	20.5%	2.9%	0.7%	300.2M	-3.57B	-74.5M	0.68	1.24	N/A	N/A	1,397,028	955,408	12,375,700	8,444,808
2016-11-10	$26.87	$27.50	22.6%	6.7%	18.2%	26.0%	23.3%	3.1%	0.9%	91.2M	-253.2M	-72.7M	0.81	1.30	N/A	N/A	1,577,744	1,284,996	12,539,680	8,613,056
2016-11-11	$27.09	$27.50	21.1%	6.0%	18.3%	19.9%	22.3%	2.6%	0.0%	168.3M	-1.22B	-73.3M	0.77	1.95	N/A	N/A	989,680	760,096	12,927,244	8,853,436
2016-11-14	$26.38	$27.50	25.0%	7.2%	20.0%	35.1%	24.6%	3.0%	-1.1%	63.3M	1.08B	-70.9M	0.57	1.40	N/A	N/A	1,682,776	957,612	12,379,236	8,463,668
2016-11-15	$26.84	$27.50	22.6%	6.5%	21.5%	25.9%	22.7%	3.0%	-0.7%	192.1M	-770.5M	-72.1M	0.67	1.53	N/A	N/A	783,732	524,752	12,820,944	8,646,376
2016-11-16	$27.48	$27.50	20.6%	5.9%	23.7%	18.2%	20.1%	2.4%	-0.1%	418.9M	-3.97B	-74.2M	0.76	1.24	N/A	N/A	2,204,356	1,669,284	12,897,680	8,770,424
2016-11-17	$27.46	$28.75	20.5%	5.9%	23.7%	17.5%	20.9%	2.4%	0.1%	433.9M	-2.56B	-78.1M	0.87	1.16	N/A	N/A	805,860	703,468	13,925,016	9,746,604
2016-11-18	$27.50	$28.75	19.6%	5.6%	23.7%	14.2%	20.4%	2.4%	0.2%	1.37B	-3.03B	-77.2M	0.78	1.29	N/A	N/A	1,039,464	806,068	14,024,280	9,644,204
2016-11-21	$27.95	$28.75	17.5%	4.9%	24.3%	6.2%	17.9%	2.3%	0.0%	434.6M	-5.34B	-77.6M	0.69	2.53	N/A	N/A	931,156	642,640	12,339,124	8,512,336
2016-11-22	$27.96	$28.75	17.2%	4.8%	24.2%	5.0%	17.2%	2.3%	0.1%	462.3M	-5.48B	-77.3M	0.78	1.92	N/A	N/A	639,260	497,040	12,520,012	8,575,820
2016-11-23	$27.76	$28.75	17.1%	4.8%	23.2%	4.5%	17.2%	2.2%	0.0%	375.3M	-4.09B	-75.9M	0.69	2.03	N/A	N/A	733,004	504,928	12,637,536	8,724,680
2016-11-25	$27.95	$28.75	17.0%	4.8%	23.1%	4.0%	17.4%	2.1%	-0.1%	591.0M	-5.31B	-76.4M	0.73	2.16	N/A	N/A	518,496	377,048	12,775,224	8,838,480
2016-11-28	$27.90	$28.75	17.3%	5.0%	23.1%	5.5%	18.6%	2.3%	-0.0%	386.5M	-4.53B	-75.1M	0.65	1.80	N/A	N/A	763,364	492,800	12,375,712	8,552,880
2016-11-29	$27.73	$28.75	17.5%	5.0%	23.1%	5.9%	17.8%	2.3%	0.1%	347.3M	-3.80B	-75.4M	0.82	1.83	N/A	N/A	938,416	771,272	12,648,848	8,759,796
2016-11-30	$27.67	$28.75	17.3%	5.0%	21.9%	5.2%	17.8%	2.2%	0.2%	307.8M	-3.23B	-74.9M	0.71	1.97	N/A	N/A	726,432	515,708	12,734,628	8,878,664