AAPL Options History — February 2018

In February 2018, AAPL traded between $39.07 and $44.67. ATM implied volatility averaged 24.5%, placing in the 58.5% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded below realized volatility by 4.1% (HV 20d: 28.5%). Max pain ranged from $38.75 to $42.50. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.66.

Notable Days

  • 2018-02-02: Highest Volume — 5,010,108 contracts
  • 2018-02-05: Largest IV spike — 24.6% change
  • 2018-02-05: Highest IV Rank — 97.5%
  • 2018-02-08: Largest Expected Move — 9.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.94$39.07$44.67$41.95$44.57
Max Pain$39.87$38.75$42.50$42.50$40.00
ATM IV24.5%18.9%32.3%30.0%22.1%
Expected Move7.0%5.4%9.0%7.8%6.5%
HV 20d28.5%14.2%33.1%14.2%32.1%
HV 60d21.2%15.9%22.9%15.9%22.4%
IV Rank58.5%30.9%97.5%86.2%47.0%
IV Percentile72.1%34.1%99.2%98.8%59.1%
Term Structure-0.2%-1.4%0.4%-1.4%-0.3%
VWIV24.9%19.4%31.6%27.4%23.1%
Skew 25d2.5%0.8%4.2%1.0%1.9%
Skew 10d4.7%0.9%7.9%2.9%3.4%
Call IV 25d23.7%18.0%31.2%29.8%21.6%
Put IV 25d26.2%20.5%33.9%30.8%23.6%
Bid-Ask Spread %4.051.1525.8715.271.97
Gamma HHI0.130.070.440.090.14
Net GEX262.3M-584.2M799.4M223.5M436.6M
Net DEX-7.90B-16.17B1.78B-4.58B-15.48B
Net VEX-81.1M-87.5M-68.2M-72.4M-84.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.500.830.530.76
Total Volume2,607,570.3161,401,1725,010,1082,640,7282,053,924
Total OI14,088,950.94712,856,86015,972,78013,194,14013,620,448

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-02-01$41.95$42.5030.0%7.8%14.2%86.2%27.4%1.0%-1.4%223.5M-4.58B-72.4M0.5315.27N/AN/A1,723,232917,4967,773,6645,420,476
2018-02-02$40.05$42.5025.9%7.4%21.1%65.8%26.2%0.8%0.0%-584.2M1.77B-68.2M0.563.80N/AN/A3,205,0801,805,0288,179,0965,673,356
2018-02-05$39.40$41.2532.3%8.9%20.8%97.5%31.3%2.3%-0.7%358.4K878.9M-73.0M0.5525.87N/AN/A1,974,3161,077,4407,616,2525,240,608
2018-02-06$40.69$41.2527.8%7.8%24.7%75.2%28.1%3.1%-0.6%134.4M-2.33B-77.3M0.544.33N/AN/A1,867,2921,000,3328,129,9445,513,884
2018-02-07$39.98$40.0027.2%7.8%25.1%72.2%27.3%2.3%-0.2%49.3M-515.3M-77.3M0.622.67N/AN/A1,216,692755,1248,420,7805,734,920
2018-02-08$39.13$40.0031.4%9.0%25.8%92.7%31.6%2.9%0.3%-34.0M1.50B-79.2M0.582.34N/AN/A1,505,416867,2408,732,3285,975,260
2018-02-09$39.07$40.0029.3%8.5%25.5%82.7%29.5%4.2%0.4%21.5M1.78B-79.2M0.822.50N/AN/A2,258,8481,844,6088,958,1286,178,592
2018-02-12$40.66$38.7525.0%7.1%29.9%61.0%26.5%3.8%0.0%193.6M-4.66B-82.2M0.701.93N/AN/A1,956,2441,369,3248,403,7086,054,248
2018-02-13$41.10$38.7524.0%6.9%30.3%56.3%25.3%3.5%-0.2%242.2M-6.65B-87.5M0.741.39N/AN/A996,180741,8288,812,3086,496,496
2018-02-14$41.85$38.7522.6%6.5%30.6%49.2%23.3%3.2%-0.3%366.2M-9.82B-86.0M0.811.15N/AN/A1,294,6641,048,2168,916,8566,608,264
2018-02-15$43.18$38.7522.0%6.3%33.0%46.2%23.0%2.1%0.4%589.8M-15.45B-85.7M0.501.50N/AN/A2,502,3601,255,2809,014,5246,769,856
2018-02-16$43.15$38.7521.6%6.2%33.0%44.1%22.5%1.8%0.2%799.4M-15.10B-85.5M0.631.71N/AN/A1,984,2761,254,0169,070,4286,902,352
2018-02-20$42.97$38.7522.0%6.3%32.9%46.1%22.8%2.1%-0.2%313.5M-11.62B-86.1M0.721.71N/AN/A883,060631,9247,344,2805,579,948
2018-02-21$42.84$38.7521.2%6.0%32.9%42.1%21.6%2.2%-0.0%278.4M-11.15B-86.1M0.632.03N/AN/A859,600541,5727,472,7085,741,736
2018-02-22$43.13$38.7520.6%5.9%32.6%39.4%21.5%2.5%-0.0%315.7M-11.93B-85.8M0.831.86N/AN/A801,356663,9767,565,1405,813,788
2018-02-23$43.85$40.0018.9%5.4%32.5%30.9%19.4%2.5%0.0%674.2M-14.74B-82.4M0.691.92N/AN/A1,194,032823,4087,621,0765,936,292
2018-02-26$44.67$40.0019.3%5.6%33.1%33.0%20.1%2.3%-0.1%501.5M-16.17B-80.1M0.631.73N/AN/A1,636,2841,035,0087,293,0165,683,200
2018-02-27$44.67$40.0021.4%6.2%32.2%43.0%22.0%2.2%-0.4%462.3M-15.90B-83.0M0.701.37N/AN/A1,174,676824,4847,529,8565,892,252
2018-02-28$44.57$40.0022.1%6.5%32.1%47.0%23.1%1.9%-0.3%436.6M-15.48B-84.8M0.761.97N/AN/A1,169,256884,6687,601,6206,018,828