AAPL Options History — March 2018

In March 2018, AAPL traded between $41.35 and $45.48. ATM implied volatility averaged 22.4%, placing in the 47.8% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded below realized volatility by 0.6% (HV 20d: 23.0%). Max pain ranged from $40.00 to $42.50. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.69.

Notable Days

  • 2018-03-01: Highest Volume — 3,103,924 contracts
  • 2018-03-23: Largest IV spike — 16.3% change
  • 2018-03-28: Highest IV Rank — 78.9%
  • 2018-03-28: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.65$41.35$45.48$43.78$42.27
Max Pain$42.26$40.00$42.50$40.00$42.50
ATM IV22.4%17.8%28.7%24.3%26.7%
Expected Move6.5%5.2%8.3%7.3%7.4%
HV 20d23.0%15.9%33.0%32.9%26.9%
HV 60d23.3%22.6%25.6%22.7%25.6%
IV Rank47.8%25.1%78.9%57.7%68.7%
IV Percentile58.9%19.8%97.2%78.6%91.7%
Term Structure0.8%-0.8%4.7%-0.5%4.7%
VWIV22.9%19.0%28.8%26.0%26.1%
Skew 25d3.5%2.3%7.2%3.2%2.9%
Skew 10d6.7%4.5%11.6%6.3%6.1%
Call IV 25d21.0%16.7%26.4%23.3%23.7%
Put IV 25d24.5%19.3%33.6%26.5%26.7%
Bid-Ask Spread %2.061.114.841.532.09
Gamma HHI0.120.060.500.110.07
Net GEX337.7M-34.3M1.30B256.0M156.6M
Net DEX-10.57B-17.62B-2.06B-12.14B-4.96B
Net VEX-83.0M-88.3M-79.7M-88.3M-84.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.510.910.750.72
Total Volume1,829,795.238947,9643,103,9243,103,9242,033,288
Total OI13,282,853.90511,491,99214,580,93613,883,29213,058,536

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-03-01$43.78$40.0024.3%7.3%32.9%57.7%26.0%3.2%-0.5%256.0M-12.14B-88.3M0.751.53N/AN/A1,776,5761,327,3487,751,4486,131,844
2018-03-02$44.06$40.0022.8%6.6%33.0%50.4%23.4%3.4%-0.1%332.6M-13.67B-86.3M0.831.38N/AN/A1,467,4121,219,4407,921,6406,258,192
2018-03-05$44.25$42.5021.3%6.4%27.5%42.6%22.1%3.2%0.1%394.4M-14.11B-84.4M0.611.77N/AN/A822,456502,1447,533,1325,926,652
2018-03-06$44.09$42.5020.9%6.3%26.5%40.8%22.1%2.8%0.3%401.1M-13.81B-83.5M0.511.23N/AN/A771,568396,9847,657,7686,033,940
2018-03-07$43.71$42.5021.0%6.2%25.0%41.3%22.0%3.0%0.1%326.3M-12.49B-83.4M0.711.70N/AN/A817,496583,6607,810,2046,113,240
2018-03-08$44.17$42.5019.7%5.9%23.8%34.5%20.3%3.0%0.2%472.0M-13.96B-83.5M0.672.46N/AN/A803,292539,6047,906,2806,226,008
2018-03-09$44.95$42.5017.8%5.2%22.0%25.1%19.4%2.6%0.3%1.30B-16.91B-80.3M0.631.54N/AN/A1,401,332880,5767,941,0846,284,504
2018-03-12$45.48$42.5018.7%5.6%21.8%29.9%19.8%2.3%0.7%574.5M-17.62B-79.7M0.511.60N/AN/A1,243,400639,3087,604,6526,029,876
2018-03-13$44.96$42.5020.5%5.9%19.2%38.7%21.4%2.6%-0.1%472.4M-15.87B-80.8M0.751.11N/AN/A1,203,168898,0367,744,3206,189,008
2018-03-14$44.58$42.5021.1%5.9%19.6%41.6%21.5%2.7%-0.5%379.9M-14.31B-82.1M0.671.45N/AN/A961,232647,5647,836,8846,333,120
2018-03-15$44.70$42.5019.4%5.6%18.9%33.0%20.3%2.4%0.1%435.7M-14.70B-81.9M0.701.32N/AN/A759,780535,1207,983,9686,470,896
2018-03-16$44.58$42.5018.3%5.2%15.9%27.6%19.0%2.7%-0.1%339.4M-14.24B-80.6M0.701.72N/AN/A812,076566,9808,040,4766,540,460
2018-03-19$43.82$42.5020.9%6.0%17.2%40.7%21.5%3.4%0.6%249.4M-7.93B-81.6M0.803.33N/AN/A978,372779,9286,511,1644,980,828
2018-03-20$43.81$42.5020.6%5.9%17.1%39.3%20.3%3.5%0.1%272.3M-8.11B-81.9M0.792.54N/AN/A528,812419,1526,686,4885,162,260
2018-03-21$42.84$42.5021.8%6.2%19.0%43.4%22.1%3.6%0.5%131.1M-5.44B-81.5M0.552.02N/AN/A1,018,436562,0806,795,3485,234,744
2018-03-22$42.26$42.5024.5%7.0%19.4%57.4%24.8%4.4%-0.0%87.3M-4.13B-82.5M0.672.67N/AN/A1,300,044870,0246,969,7445,292,144
2018-03-23$41.35$42.5028.5%8.2%19.6%77.8%28.0%5.3%-0.8%-34.3M-2.06B-82.3M0.913.44N/AN/A1,163,3561,063,3207,144,2965,414,892
2018-03-26$43.27$42.5024.6%7.0%25.0%58.0%24.9%5.2%3.1%294.8M-7.51B-84.6M0.531.81N/AN/A1,171,244626,3686,883,7485,283,860
2018-03-27$42.13$42.5028.3%8.2%26.6%76.8%27.6%4.9%3.9%160.7M-4.58B-84.8M0.634.84N/AN/A1,355,164847,7487,086,8925,411,384
2018-03-28$41.66$42.5028.7%8.3%26.7%78.9%28.8%7.2%4.1%93.1M-3.38B-84.7M0.751.76N/AN/A1,217,768914,0447,269,7245,484,284
2018-03-29$42.27$42.5026.7%7.4%26.9%68.7%26.1%2.9%4.7%156.6M-4.96B-84.8M0.722.09N/AN/A1,184,512848,7767,435,4165,623,120