AAPL Options History — October 2007

In October 2007, AAPL traded between $5.58 and $6.78. ATM implied volatility averaged 41.6%, placing in the 52.2% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded above realized volatility by 11.4% (HV 20d: 30.2%). Max pain ranged from $4.82 to $6.07. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 0.60.

Notable Days

  • 2007-10-11: Highest Volume — 21,611,492 contracts
  • 2007-10-11: Largest IV spike — 41.7% change
  • 2007-10-15: Highest IV Rank — 92.9%
  • 2007-10-15: Largest Expected Move — 16.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.14$5.58$6.78$5.58$6.78
Max Pain$5.67$4.82$6.07$4.82$6.07
ATM IV41.6%28.6%57.8%33.6%31.6%
Expected Move12.5%9.0%16.6%9.6%9.1%
HV 20d30.2%23.9%35.8%35.6%35.0%
HV 60d43.8%40.4%46.2%44.8%40.4%
IV Rank52.2%19.6%92.9%32.0%27.2%
IV Percentile68.8%30.9%99.0%50.8%40.2%
Term Structure-1.7%-10.0%10.2%8.1%1.3%
VWIV44.3%32.1%58.2%34.5%32.1%
Skew 25d1.1%-3.1%5.3%3.2%1.5%
Skew 10d2.1%-6.3%8.7%7.6%2.9%
Call IV 25d43.9%31.4%58.5%32.4%31.4%
Put IV 25d44.9%32.8%58.7%35.6%32.8%
Bid-Ask Spread %2.381.443.582.892.32
Gamma HHI0.110.080.220.110.12
Net GEX181.6M117.7M210.1M175.4M208.0M
Net DEX-15.24B-17.82B-11.96B-12.18B-17.78B
Net VEX-52.1M-55.8M-45.8M-46.3M-52.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.401.120.440.67
Total Volume10,582,791.134,523,12021,611,4928,382,6409,092,692
Total OI90,958,155.82680,477,908102,475,80083,709,27689,943,952

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-10-01$5.58$4.8233.6%9.6%35.6%32.0%34.5%3.2%8.1%175.4M-12.18B-46.3M0.442.89N/AN/A5,802,3562,580,28440,695,59243,013,684
2007-10-02$5.66$5.0031.4%9.0%33.4%26.7%33.2%2.4%9.0%191.4M-13.00B-45.8M1.062.35N/AN/A4,200,9524,432,87641,013,47643,240,344
2007-10-03$5.64$5.0032.2%9.2%25.9%28.6%33.2%1.8%9.2%174.4M-12.61B-47.7M0.712.53N/AN/A3,481,9122,455,06841,506,41645,057,096
2007-10-04$5.58$5.0033.4%9.6%25.6%31.6%33.9%1.2%10.2%165.0M-11.96B-49.0M0.532.60N/AN/A3,747,2121,967,50441,956,04045,665,368
2007-10-05$5.77$5.5428.6%12.1%24.3%19.6%42.4%1.5%-2.1%207.6M-13.90B-47.5M0.492.82N/AN/A7,202,2163,548,66442,562,68846,029,452
2007-10-08$6.00$5.5435.3%13.8%24.6%36.4%48.5%-0.6%-6.4%203.0M-16.07B-47.4M0.482.42N/AN/A8,990,1564,351,70442,681,66046,458,524
2007-10-09$6.00$5.5438.9%14.0%23.9%45.5%49.3%-1.1%-5.9%184.5M-15.76B-48.7M0.482.21N/AN/A10,602,5365,059,01242,960,82048,086,976
2007-10-10$5.96$5.7139.1%14.8%24.7%46.0%52.4%-2.1%-6.6%164.4M-14.96B-51.7M0.492.22N/AN/A3,939,4601,946,86843,852,36850,111,992
2007-10-11$5.79$5.7155.4%15.9%28.0%87.0%56.3%-3.1%-6.9%138.4M-13.03B-53.7M0.583.58N/AN/A13,665,8767,945,61644,217,15249,876,316
2007-10-12$5.97$5.7154.6%15.6%29.1%84.8%55.0%-0.9%-6.3%169.2M-15.24B-54.9M0.411.52N/AN/A6,594,7282,702,89645,774,59651,423,792
2007-10-15$5.96$5.7157.8%16.6%29.0%92.9%58.2%0.0%-7.8%159.1M-14.94B-54.7M0.402.13N/AN/A7,083,1042,852,44445,741,19251,578,268
2007-10-16$6.06$5.7156.4%16.2%28.9%89.3%56.9%2.3%-8.7%195.0M-16.29B-53.7M0.652.18N/AN/A5,259,3803,425,82846,906,97251,948,120
2007-10-17$6.17$5.7154.9%15.8%28.8%85.8%55.4%2.1%-8.8%198.0M-17.46B-53.1M0.521.81N/AN/A8,671,0124,543,95246,870,79652,674,496
2007-10-18$6.20$5.7153.0%15.2%28.5%80.9%53.8%3.4%-7.2%210.1M-17.82B-54.1M0.402.28N/AN/A6,639,5002,639,78447,723,00453,791,024
2007-10-19$6.09$5.7157.2%16.4%29.5%91.3%57.4%2.4%-10.0%204.5M-16.31B-55.8M0.742.58N/AN/A6,447,6724,741,10048,108,76054,367,040
2007-10-22$6.23$5.8950.8%14.6%29.1%75.3%51.7%5.3%-6.2%117.7M-12.80B-54.4M0.532.94N/AN/A10,440,2485,521,34838,220,02842,257,880
2007-10-23$6.65$5.8935.9%10.3%34.6%37.9%36.6%0.5%0.8%201.3M-17.42B-51.9M0.602.58N/AN/A13,220,7047,998,34041,003,17244,461,032
2007-10-24$6.64$6.0735.5%10.2%34.5%37.0%36.0%1.2%1.1%179.5M-16.58B-54.3M0.671.44N/AN/A7,933,8005,325,34840,944,51245,195,276
2007-10-25$6.53$6.0737.4%10.7%35.8%41.7%38.3%0.9%-0.4%163.4M-15.33B-55.6M1.123.09N/AN/A3,530,1843,970,42841,206,48045,794,840
2007-10-26$6.60$6.0734.9%10.0%35.4%35.3%35.4%1.6%1.3%180.2M-15.99B-55.8M0.592.43N/AN/A3,345,0761,963,64041,937,84046,870,460
2007-10-29$6.61$6.0734.1%9.8%35.3%33.4%34.6%0.7%1.5%190.7M-16.20B-54.4M0.541.79N/AN/A2,937,5081,585,61241,971,16046,901,064
2007-10-30$6.68$6.0734.6%9.9%35.2%34.8%34.9%0.9%1.3%195.5M-16.87B-54.4M0.642.12N/AN/A5,512,8363,504,76042,207,53647,228,328
2007-10-31$6.78$6.0731.6%9.1%35.0%27.2%32.1%1.5%1.3%208.0M-17.78B-52.6M0.672.32N/AN/A5,436,7883,655,90442,255,30447,688,648