AAPL Options History — January 2017

In January 2017, AAPL traded between $28.91 and $30.49. ATM implied volatility averaged 21.6%, placing in the 26.0% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 10.8% (HV 20d: 10.7%). Max pain ranged from $27.50 to $29.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 0.64.

Notable Days

2017-01-31: Highest Volume — 3,356,768 contracts
2017-01-30: Largest IV spike — 7.5% change
2017-01-31: Highest IV Rank — 31.3%
2017-01-31: Largest Expected Move — 7.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$29.88	$28.91	$30.49	$28.91	$30.31
Max Pain	$28.57	$27.50	$29.00	$27.50	$29.00
ATM IV	21.6%	19.0%	23.7%	23.7%	20.7%
Expected Move	6.1%	4.2%	7.1%	4.7%	7.1%
HV 20d	10.7%	8.7%	13.9%	13.9%	8.9%
HV 60d	17.0%	15.9%	17.4%	17.4%	15.9%
IV Rank	26.0%	18.2%	31.3%	31.2%	31.3%
IV Percentile	43.7%	23.0%	61.1%	61.1%	37.7%
Term Structure	-1.1%	-2.1%	-0.5%	-1.0%	-0.9%
VWIV	21.5%	14.9%	25.2%	16.7%	25.2%
Skew 25d	2.7%	2.3%	3.3%	2.9%	3.1%
Skew 10d	5.4%	4.1%	7.6%	5.5%	5.6%
Call IV 25d	20.4%	18.6%	22.4%	22.4%	19.3%
Put IV 25d	23.1%	20.9%	25.3%	25.3%	22.4%
Bid-Ask Spread %	1.88	1.25	3.64	2.28	3.64
Gamma HHI	0.27	0.13	0.92	0.15	0.15
Net GEX	967.3M	355.0M	6.98B	355.0M	400.0M
Net DEX	-11.44B	-15.03B	-7.64B	-8.78B	-8.12B
Net VEX	-66.1M	-68.4M	-63.6M	-68.4M	-66.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.64	0.43	1.04	0.84	1.04
Total Volume	1,574,386.2	1,005,796	3,356,768	1,124,648	3,356,768
Total OI	18,625,994	12,736,408	22,031,404	20,548,916	13,870,428

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
2017-01-03	$28.91	$27.50	23.7%	4.7%	13.9%	31.2%	16.7%	2.9%	-1.0%	355.0M	-8.78B	-68.4M	0.84	2.28	N/A	N/A	612,660	511,988	11,804,056	8,744,860
2017-01-04	$29.00	$27.50	22.5%	4.2%	13.5%	26.6%	14.9%	2.4%	-0.6%	384.4M	-9.25B	-67.4M	0.68	2.15	N/A	N/A	714,952	484,612	11,914,808	8,901,240
2017-01-05	$29.18	$27.50	22.9%	6.3%	13.4%	28.3%	21.7%	2.4%	-0.5%	507.5M	-10.58B	-67.6M	0.66	1.34	N/A	N/A	768,420	510,032	12,110,680	9,032,544
2017-01-06	$29.50	$28.75	22.0%	5.8%	13.4%	24.8%	21.5%	2.3%	-0.5%	1.14B	-12.81B	-67.0M	0.49	1.66	N/A	N/A	1,547,332	751,456	12,263,132	9,140,996
2017-01-09	$29.79	$28.75	23.0%	6.2%	13.4%	29.8%	22.6%	2.5%	-1.2%	650.0M	-14.11B	-66.8M	0.51	1.41	N/A	N/A	1,313,332	676,156	12,128,820	8,735,148
2017-01-10	$29.78	$28.75	23.2%	6.2%	12.2%	30.7%	21.8%	2.6%	-2.1%	693.8M	-14.03B	-66.7M	0.58	1.59	N/A	N/A	676,076	391,704	12,313,336	8,950,448
2017-01-11	$29.95	$28.75	23.1%	6.2%	11.5%	30.0%	22.4%	2.7%	-1.2%	755.7M	-15.03B	-68.1M	0.45	1.37	N/A	N/A	1,134,228	514,968	12,381,404	9,044,664
2017-01-12	$29.74	$28.75	23.0%	6.2%	9.3%	29.9%	22.8%	2.6%	-2.0%	697.4M	-13.59B	-67.9M	0.52	1.79	N/A	N/A	993,312	519,812	12,469,068	9,145,104
2017-01-13	$29.74	$28.75	22.1%	6.0%	9.3%	26.4%	19.5%	2.7%	-1.7%	964.0M	-13.62B	-66.5M	0.58	1.84	N/A	N/A	993,788	577,236	12,585,812	9,251,600
2017-01-17	$29.96	$28.75	22.1%	6.3%	9.5%	26.2%	22.3%	3.3%	-1.1%	812.7M	-14.15B	-65.0M	0.53	1.64	N/A	N/A	986,584	524,632	12,243,140	9,084,228
2017-01-18	$30.01	$28.75	21.4%	6.1%	9.5%	23.4%	22.0%	3.1%	-1.2%	941.9M	-14.61B	-65.0M	0.53	1.25	N/A	N/A	796,228	424,844	12,367,472	9,240,932
2017-01-19	$29.91	$28.75	21.7%	6.3%	9.6%	24.5%	22.4%	3.1%	-1.3%	1.02B	-13.35B	-65.7M	0.81	1.30	N/A	N/A	830,396	676,320	12,408,528	9,351,812
2017-01-20	$30.00	$28.75	20.4%	6.0%	9.6%	20.8%	20.8%	3.1%	-1.4%	6.98B	-14.28B	-63.6M	0.43	1.32	N/A	N/A	1,377,264	591,968	12,493,068	9,538,336
2017-01-23	$30.05	$28.75	20.6%	6.3%	9.6%	21.6%	21.8%	2.7%	-0.9%	449.5M	-7.76B	-63.8M	0.82	2.22	N/A	N/A	723,648	595,348	7,514,952	5,221,456
2017-01-24	$30.00	$28.75	20.2%	6.2%	8.7%	20.0%	21.8%	2.4%	-0.8%	442.1M	-7.64B	-64.5M	0.71	2.05	N/A	N/A	588,708	417,088	7,747,068	5,502,640
2017-01-25	$30.49	$28.75	19.5%	6.0%	10.1%	18.2%	21.5%	2.4%	-1.0%	544.5M	-9.61B	-64.7M	0.53	2.22	N/A	N/A	1,411,452	746,488	7,879,540	5,655,112
2017-01-26	$30.49	$28.75	19.6%	6.2%	9.9%	24.7%	22.0%	2.3%	-0.9%	576.3M	-9.74B	-65.7M	0.62	2.27	N/A	N/A	623,344	388,992	8,182,460	5,779,384
2017-01-27	$30.44	$28.75	19.0%	6.1%	9.5%	21.0%	21.6%	2.3%	-0.9%	625.6M	-9.54B	-65.2M	0.77	1.98	N/A	N/A	695,476	537,456	8,276,552	5,881,924
2017-01-30	$30.30	$28.75	20.4%	6.9%	9.8%	29.5%	24.8%	3.0%	-0.7%	405.2M	-8.13B	-65.7M	0.75	2.36	N/A	N/A	860,056	642,600	7,879,228	5,483,900
2017-01-31	$30.31	$29.00	20.7%	7.1%	8.9%	31.3%	25.2%	3.1%	-0.9%	400.0M	-8.12B	-66.5M	1.04	3.64	N/A	N/A	1,646,544	1,710,224	8,104,652	5,765,776