AAPL Options History — June 2007

In June 2007, AAPL traded between $4.20 and $4.47. ATM implied volatility averaged 35.8%. The 30-day expected move averaged 10.7%. IV traded above realized volatility by 6.7% (HV 20d: 29.2%). Max pain ranged from $3.57 to $3.93. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.48.

Notable Days

  • 2007-06-11: Highest Volume — 16,563,204 contracts
  • 2007-06-14: Largest IV spike — 22.4% change
  • 2007-06-26: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.35$4.20$4.47$4.23$4.36
Max Pain$3.78$3.57$3.93$3.93$3.93
ATM IV35.8%30.2%41.7%33.3%38.7%
Expected Move10.7%9.5%11.9%9.5%11.1%
HV 20d29.2%24.8%33.0%25.6%28.9%
HV 60d24.5%22.6%25.9%23.0%25.9%
Term Structure2.1%-1.5%4.8%1.0%3.7%
VWIV37.9%34.0%42.5%34.0%39.3%
Skew 25d-1.0%-2.9%0.4%-2.9%0.4%
Skew 10d-1.7%-5.1%1.3%-4.4%0.6%
Call IV 25d38.4%35.0%43.0%35.0%39.3%
Put IV 25d37.4%32.2%42.4%32.2%39.7%
Bid-Ask Spread %7.583.0241.635.766.33
Gamma HHI0.130.090.200.190.11
Net GEX105.2M47.3M141.2M107.9M117.8M
Net DEX-7.65B-9.16B-6.07B-7.39B-7.37B
Net VEX-31.7M-35.9M-26.6M-27.2M-35.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.280.690.550.52
Total Volume7,949,9563,456,46016,563,2047,401,9408,025,892
Total OI70,387,777.33363,256,25677,294,05663,713,10475,413,632

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-06-01$4.23$3.9333.3%9.5%25.6%0.0%34.0%-2.9%1.0%107.9M-7.39B-27.2M0.555.76N/AN/A4,783,6882,618,25229,691,53634,021,568
2007-06-04$4.33$3.5734.5%10.1%26.2%0.0%35.5%-0.9%0.6%130.3M-8.42B-26.6M0.323.26N/AN/A5,541,3961,790,01230,714,20834,134,520
2007-06-05$4.38$3.5734.1%10.2%25.0%0.0%35.8%-1.0%0.5%138.2M-8.80B-27.0M0.604.17N/AN/A3,654,7282,192,42831,214,14834,366,136
2007-06-06$4.42$3.5731.2%10.0%25.0%0.0%35.2%-0.3%2.2%141.2M-9.11B-27.6M0.4712.96N/AN/A7,172,9003,353,08431,764,48835,300,944
2007-06-07$4.43$3.5737.7%11.2%24.8%0.0%39.2%-1.4%0.7%116.6M-9.04B-30.0M0.563.02N/AN/A10,514,5325,922,78432,443,71236,146,936
2007-06-08$4.45$3.7535.1%10.9%24.8%0.0%38.4%-1.0%0.1%118.2M-9.16B-30.2M0.4441.63N/AN/A6,610,5762,883,60833,910,35237,142,196
2007-06-11$4.29$3.7533.7%10.8%28.9%0.0%38.3%-1.4%-1.5%84.5M-7.42B-30.5M0.494.72N/AN/A11,095,0285,468,17634,681,08037,972,312
2007-06-12$4.30$3.7530.2%10.9%28.9%0.0%39.7%-2.1%-0.4%85.5M-7.37B-30.9M0.699.07N/AN/A6,232,8284,328,35236,571,30438,728,956
2007-06-13$4.20$3.7530.8%11.1%29.8%0.0%40.2%-2.5%-0.7%47.3M-6.07B-31.7M0.595.69N/AN/A7,922,0124,656,12036,668,94038,949,988
2007-06-14$4.24$3.7537.6%10.8%29.7%0.0%38.0%-0.9%0.3%89.4M-6.86B-31.4M0.568.39N/AN/A4,043,3402,270,60438,049,14439,244,912
2007-06-15$4.30$3.7534.8%10.0%29.5%0.0%35.8%-0.1%2.5%124.6M-7.69B-31.0M0.566.41N/AN/A4,716,0122,646,11237,942,04439,201,344
2007-06-18$4.47$3.7535.2%10.1%31.7%0.0%35.8%-1.2%4.4%100.4M-7.90B-30.5M0.485.10N/AN/A5,231,6602,500,82030,855,80432,400,452
2007-06-19$4.42$3.7536.6%10.5%32.0%0.0%36.9%-1.5%3.4%96.2M-7.56B-32.0M0.474.51N/AN/A3,264,9401,527,31632,232,25633,320,756
2007-06-20$4.34$3.7535.6%10.2%32.7%0.0%36.4%-1.0%4.4%92.1M-6.98B-33.4M0.295.81N/AN/A3,718,2041,069,88033,361,80433,825,120
2007-06-21$4.42$3.7535.7%10.2%33.0%0.0%36.2%-0.5%4.8%106.1M-7.82B-33.4M0.335.02N/AN/A3,662,5121,225,39233,874,76434,064,688
2007-06-22$4.39$3.9337.7%10.8%32.1%0.0%38.6%-1.4%3.6%103.4M-7.58B-34.3M0.395.00N/AN/A2,480,296976,16434,972,39234,578,460
2007-06-25$4.37$3.9340.1%11.5%31.3%0.0%40.7%-1.3%3.8%106.3M-7.41B-34.9M0.288.03N/AN/A4,503,6601,276,60435,952,78434,872,236
2007-06-26$4.27$3.9341.7%11.9%32.6%0.0%42.5%-0.6%3.9%91.9M-6.54B-35.9M0.475.11N/AN/A4,474,5682,094,42836,810,64835,321,048
2007-06-27$4.35$3.9340.5%11.6%30.4%0.0%40.5%-0.3%3.1%109.1M-7.33B-35.6M0.565.05N/AN/A3,090,6961,744,12037,573,98435,838,432
2007-06-28$4.31$3.9337.5%10.8%29.9%0.0%38.1%0.3%4.2%102.4M-6.78B-35.3M0.404.15N/AN/A4,059,0201,606,33237,833,62836,179,668
2007-06-29$4.36$3.9338.7%11.1%28.9%0.0%39.3%0.4%3.7%117.8M-7.37B-35.9M0.526.33N/AN/A5,268,2282,757,66438,803,66036,609,972