AAPL Options History — August 2007

In August 2007, AAPL traded between $4.18 and $4.95. ATM implied volatility averaged 40.3%, placing in the 48.9% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded below realized volatility by 11.5% (HV 20d: 51.8%). Max pain ranged from $4.64 to $5.00. Net GEX was positive for 20 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 0.64.

Notable Days

  • 2007-08-16: Highest Volume — 17,623,620 contracts
  • 2007-08-09: Largest IV spike — 31.5% change
  • 2007-08-16: Highest IV Rank — 64.9%
  • 2007-08-16: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.64$4.18$4.95$4.82$4.95
Max Pain$4.75$4.64$5.00$4.82$4.64
ATM IV40.3%34.6%46.6%44.0%38.5%
Expected Move11.5%9.9%13.4%12.6%11.0%
HV 20d51.8%47.0%55.9%49.1%50.6%
HV 60d40.7%36.5%44.7%36.5%44.7%
IV Rank48.9%34.6%64.9%58.3%44.4%
IV Percentile80.8%63.0%91.0%89.0%74.9%
Term Structure4.1%-0.9%6.8%-0.9%2.9%
VWIV40.4%35.4%46.4%44.9%38.8%
Skew 25d2.9%-0.3%5.7%2.4%2.4%
Skew 10d6.0%2.4%11.7%5.2%4.6%
Call IV 25d39.2%33.3%43.8%43.7%37.6%
Put IV 25d42.1%36.6%49.4%46.1%40.1%
Bid-Ask Spread %6.934.7912.225.705.60
Gamma HHI0.080.060.110.090.09
Net GEX69.2M-36.0M134.0M105.9M134.0M
Net DEX-4.99B-8.09B-415.5M-6.60B-8.09B
Net VEX-47.4M-50.2M-44.8M-49.7M-49.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.341.060.650.64
Total Volume7,299,548.873,676,37217,623,62012,000,8846,054,832
Total OI81,971,395.1370,910,02890,414,10083,508,51679,027,088

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-08-01$4.82$4.8244.0%12.6%49.1%58.3%44.9%2.4%-0.9%105.9M-6.60B-49.7M0.655.70N/AN/A7,253,2044,747,68043,984,50039,524,016
2007-08-02$4.87$4.8242.4%12.1%47.0%54.1%42.9%2.3%-0.2%126.3M-7.21B-50.2M0.816.39N/AN/A3,499,0762,820,97244,694,30039,823,896
2007-08-03$4.71$4.8241.7%12.0%48.7%52.5%43.3%-0.3%0.7%84.4M-5.42B-50.2M0.626.08N/AN/A3,386,2922,107,61645,341,85640,387,956
2007-08-06$4.83$5.0041.4%11.8%49.1%51.7%41.7%2.1%4.1%117.2M-6.51B-49.6M0.658.14N/AN/A4,339,1882,838,69645,545,05240,593,000
2007-08-07$4.82$5.0036.5%10.6%48.9%39.5%36.2%4.3%5.9%125.3M-6.55B-48.4M0.349.89N/AN/A5,759,9081,983,85645,806,40440,681,256
2007-08-08$4.79$4.8235.3%10.5%49.0%36.5%36.9%2.6%5.6%118.4M-6.17B-47.5M0.4412.22N/AN/A3,904,7961,700,02046,569,15240,643,876
2007-08-09$4.51$4.8246.5%12.6%53.0%64.5%43.3%2.5%4.0%32.8M-3.46B-48.3M0.5510.04N/AN/A5,332,8522,932,30046,652,90040,630,072
2007-08-10$4.46$4.8242.1%12.1%51.9%53.5%41.9%4.6%3.7%11.8M-2.67B-46.7M0.537.84N/AN/A9,114,0844,797,18447,688,06040,851,748
2007-08-13$4.56$4.8238.9%10.9%52.7%45.3%38.3%4.4%5.3%48.8M-3.93B-45.6M0.716.19N/AN/A3,025,0642,135,81248,198,24840,827,024
2007-08-14$4.43$4.8238.3%11.1%53.3%43.9%38.8%3.0%5.8%-10.2M-2.49B-44.9M0.945.89N/AN/A3,007,9282,833,65648,188,50440,749,604
2007-08-15$4.28$4.8242.8%11.8%54.3%55.3%40.7%3.4%4.2%-36.0M-1.13B-44.8M0.936.47N/AN/A3,662,1763,405,36048,305,65640,258,316
2007-08-16$4.18$4.8246.6%13.4%54.0%64.9%46.4%5.7%2.8%-34.3M-415.5M-45.2M1.067.49N/AN/A8,542,8009,080,82048,639,72439,819,444
2007-08-17$4.36$4.6439.0%11.2%55.6%45.7%39.4%2.6%5.9%30.4M-2.71B-46.0M0.836.89N/AN/A5,099,5844,216,24049,921,64840,492,452
2007-08-20$4.37$4.6440.8%11.7%55.7%50.1%40.4%4.8%4.3%36.8M-3.23B-44.9M0.656.14N/AN/A2,545,0601,658,27236,623,69234,286,336
2007-08-21$4.56$4.6439.7%11.4%54.4%47.5%40.8%1.9%5.6%64.1M-4.82B-46.7M0.504.79N/AN/A5,245,8282,622,20037,211,83234,545,952
2007-08-22$4.73$4.6437.8%10.8%55.9%42.8%38.8%1.4%6.8%86.8M-6.23B-47.2M0.497.20N/AN/A3,588,2001,773,32437,673,72035,184,492
2007-08-23$4.68$4.6438.1%10.9%50.7%43.3%38.4%1.9%5.2%80.5M-5.74B-47.0M0.485.88N/AN/A2,906,4841,400,86838,339,98035,509,404
2007-08-24$4.83$4.6434.6%9.9%52.2%34.6%35.4%3.3%5.7%106.3M-6.96B-47.6M0.695.73N/AN/A3,319,7642,276,34438,937,92035,797,972
2007-08-27$4.72$4.6438.6%11.1%52.5%44.6%38.3%2.9%3.7%88.2M-6.01B-46.7M0.545.26N/AN/A2,388,7081,287,66439,309,42436,315,608
2007-08-28$4.53$4.6443.1%12.3%48.4%55.9%42.7%2.8%3.4%58.2M-4.46B-47.5M0.696.72N/AN/A3,464,2162,375,18439,886,78436,678,684
2007-08-29$4.79$4.6438.0%10.9%51.8%43.3%38.9%3.6%5.1%104.2M-6.67B-47.5M0.496.68N/AN/A3,304,8681,627,83640,357,12837,066,008
2007-08-30$4.87$4.6441.6%11.9%52.0%52.3%41.8%2.8%4.5%113.1M-7.40B-48.1M0.416.08N/AN/A6,036,5762,486,23240,505,64037,265,760
2007-08-31$4.95$4.6438.5%11.0%50.6%44.4%38.8%2.4%2.9%134.0M-8.09B-49.4M0.645.60N/AN/A3,701,8522,352,98041,111,86837,915,220