AAPL Options History — July 2017

In July 2017, AAPL traded between $35.69 and $38.32. ATM implied volatility averaged 24.0%, placing in the 73.3% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 7.3% (HV 20d: 16.7%). Max pain ranged from $36.25 to $37.25. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.57.

Notable Days

2017-07-13: Highest Volume — 2,757,024 contracts
2017-07-27: Largest IV spike — 9.3% change
2017-07-06: Highest IV Rank — 86.5%
2017-07-31: Largest Expected Move — 7.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$37.10	$35.69	$38.32	$35.88	$37.24
Max Pain	$36.35	$36.25	$37.25	$37.25	$36.25
ATM IV	24.0%	22.6%	26.1%	24.5%	24.5%
Expected Move	6.7%	5.2%	7.8%	5.7%	7.8%
HV 20d	16.7%	12.3%	25.6%	25.0%	13.7%
HV 60d	20.2%	19.6%	20.5%	20.2%	20.1%
IV Rank	73.3%	64.2%	86.5%	76.5%	76.3%
IV Percentile	88.1%	82.5%	95.2%	89.7%	88.9%
Term Structure	-0.7%	-1.3%	0.4%	-0.2%	-1.0%
VWIV	23.9%	18.7%	27.9%	19.8%	27.9%
Skew 25d	1.9%	1.0%	3.2%	3.0%	1.5%
Skew 10d	3.4%	1.8%	6.3%	5.4%	2.8%
Call IV 25d	23.5%	22.4%	25.2%	24.4%	24.0%
Put IV 25d	25.4%	24.0%	28.3%	27.4%	25.5%
Bid-Ask Spread %	1.87	1.00	6.19	6.19	1.91
Gamma HHI	0.15	0.07	0.56	0.08	0.12
Net GEX	563.6M	104.3M	1.63B	269.2M	336.4M
Net DEX	-10.11B	-13.97B	-4.28B	-5.44B	-9.46B
Net VEX	-77.3M	-80.2M	-75.5M	-80.2M	-75.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.57	0.39	0.92	0.69	0.67
Total Volume	1,602,931.6	933,868	2,757,024	984,832	1,411,188
Total OI	17,395,076	15,138,872	18,812,636	17,376,472	15,456,588

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
2017-07-03	$35.88	$37.25	24.5%	5.7%	25.0%	76.5%	19.8%	3.0%	-0.2%	269.2M	-5.44B	-80.2M	0.69	6.19	N/A	N/A	583,896	400,936	9,977,680	7,398,792
2017-07-05	$36.08	$37.25	24.7%	5.2%	25.0%	77.8%	18.7%	2.8%	0.4%	302.4M	-5.96B	-79.5M	0.70	2.36	N/A	N/A	767,328	533,792	10,124,556	7,504,272
2017-07-06	$35.69	$36.25	26.1%	6.9%	24.9%	86.5%	24.7%	3.2%	-0.6%	104.3M	-4.28B	-79.5M	0.47	2.04	N/A	N/A	1,149,884	537,764	10,303,468	7,655,156
2017-07-07	$36.12	$36.25	24.3%	6.6%	25.6%	74.9%	23.2%	3.0%	-0.3%	474.8M	-6.42B	-78.0M	0.92	2.02	N/A	N/A	980,660	903,668	10,541,940	7,721,804
2017-07-10	$36.35	$36.25	24.4%	6.7%	19.9%	75.9%	23.4%	2.9%	-1.0%	318.1M	-7.13B	-77.6M	0.61	1.30	N/A	N/A	835,988	512,344	10,059,500	7,514,052
2017-07-11	$36.41	$36.25	23.7%	6.6%	17.6%	71.0%	22.9%	3.0%	-0.6%	389.7M	-7.49B	-77.8M	0.71	1.63	N/A	N/A	704,428	502,300	10,253,804	7,582,896
2017-07-12	$36.51	$36.25	23.2%	6.5%	16.5%	68.1%	22.3%	2.5%	-0.5%	430.2M	-7.85B	-76.4M	0.47	1.66	N/A	N/A	1,069,248	498,464	10,339,944	7,697,012
2017-07-13	$36.98	$36.25	22.9%	6.3%	16.3%	65.9%	22.8%	1.7%	-1.2%	748.9M	-10.66B	-76.1M	0.55	1.21	N/A	N/A	1,781,684	975,340	10,568,172	7,818,572
2017-07-14	$37.31	$36.25	22.6%	6.3%	16.3%	64.2%	22.3%	1.5%	-1.3%	896.4M	-12.36B	-76.9M	0.52	1.55	N/A	N/A	1,444,132	747,160	10,676,512	7,977,124
2017-07-17	$37.44	$36.25	24.0%	6.8%	15.8%	73.0%	23.9%	1.3%	-0.6%	642.0M	-11.91B	-76.2M	0.39	1.36	N/A	N/A	1,384,752	542,496	10,256,912	7,624,588
2017-07-18	$37.48	$36.25	24.1%	6.9%	13.0%	74.0%	24.6%	1.5%	-0.8%	660.7M	-12.00B	-77.0M	0.45	1.00	N/A	N/A	887,332	395,456	10,454,024	7,728,556
2017-07-19	$37.74	$36.25	23.4%	6.7%	12.5%	69.3%	23.8%	1.0%	-0.8%	800.4M	-13.59B	-76.6M	0.40	1.01	N/A	N/A	1,367,348	546,124	10,594,592	7,841,060
2017-07-20	$37.70	$36.25	23.3%	6.7%	12.5%	68.6%	23.7%	1.1%	-0.6%	750.7M	-13.36B	-76.8M	0.44	1.13	N/A	N/A	795,552	350,056	10,795,876	7,921,260
2017-07-21	$37.54	$36.25	23.1%	6.7%	12.6%	67.2%	23.4%	1.0%	-0.6%	1.63B	-12.78B	-76.1M	0.54	1.40	N/A	N/A	1,242,496	673,504	10,845,412	7,967,224
2017-07-24	$38.09	$36.25	24.0%	7.0%	13.4%	73.0%	25.2%	1.1%	-0.8%	542.4M	-13.30B	-77.0M	0.52	1.75	N/A	N/A	933,068	487,040	8,752,128	6,386,744
2017-07-25	$38.20	$36.25	23.7%	7.1%	13.2%	71.4%	25.6%	1.0%	-0.5%	585.0M	-13.71B	-77.4M	0.47	1.98	N/A	N/A	1,115,972	529,000	8,969,732	6,587,320
2017-07-26	$38.32	$36.25	23.4%	7.0%	12.3%	69.6%	24.8%	1.4%	-0.6%	601.8M	-13.97B	-76.8M	0.49	1.73	N/A	N/A	624,984	308,884	9,100,584	6,726,204
2017-07-27	$37.50	$36.25	25.6%	7.8%	14.7%	83.7%	27.4%	1.8%	-0.8%	376.6M	-10.49B	-78.0M	0.57	2.62	N/A	N/A	1,441,188	824,404	9,125,224	6,804,988
2017-07-28	$37.36	$36.25	25.0%	7.8%	13.6%	79.7%	27.4%	1.4%	-0.9%	415.9M	-10.04B	-77.4M	0.75	1.48	N/A	N/A	725,204	543,568	9,307,708	6,939,540
2017-07-31	$37.24	$36.25	24.5%	7.8%	13.7%	76.3%	27.9%	1.5%	-1.0%	336.4M	-9.46B	-75.5M	0.67	1.91	N/A	N/A	844,120	567,068	8,849,944	6,606,644