AAPL Options History — November 2007

In November 2007, AAPL traded between $5.49 and $6.85. ATM implied volatility averaged 46.5%, placing in the 52.3% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded below realized volatility by 6.4% (HV 20d: 52.9%). Max pain ranged from $6.07 to $6.61. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.65.

Notable Days

  • 2007-11-08: Highest Volume — 20,999,244 contracts
  • 2007-11-12: Largest IV spike — 41.7% change
  • 2007-11-12: Highest IV Rank — 100.0%
  • 2007-11-15: Largest Expected Move — 15.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.24$5.49$6.85$6.69$6.51
Max Pain$6.39$6.07$6.61$6.07$6.43
ATM IV46.5%33.4%74.1%36.3%44.0%
Expected Move12.9%9.6%15.8%10.4%12.6%
HV 20d52.9%32.5%63.9%35.2%61.1%
HV 60d43.7%38.2%48.2%40.5%43.2%
IV Rank52.3%29.7%100.0%38.9%43.5%
IV Percentile80.5%46.4%100.0%61.9%82.2%
Term Structure6.1%0.2%10.7%0.2%9.4%
VWIV45.0%34.5%55.3%36.9%43.6%
Skew 25d4.2%-0.7%7.5%1.8%7.5%
Skew 10d8.2%-2.0%14.2%5.0%14.2%
Call IV 25d43.1%33.0%53.3%35.9%39.8%
Put IV 25d47.3%35.8%58.0%37.7%47.3%
Bid-Ask Spread %3.992.267.343.152.32
Gamma HHI0.080.060.130.110.08
Net GEX99.8M-23.2M228.7M178.4M130.3M
Net DEX-11.10B-18.48B-2.96B-16.59B-13.07B
Net VEX-62.2M-66.4M-54.4M-55.9M-63.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.421.220.650.54
Total Volume9,972,8602,418,97620,999,2446,074,9929,286,172
Total OI93,450,454.66786,854,180100,308,65691,041,30092,753,780

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-11-01$6.69$6.0736.3%10.4%35.2%38.9%36.9%1.8%0.2%178.4M-16.59B-55.9M0.653.15N/AN/A3,672,4802,402,51242,632,46448,408,836
2007-11-02$6.71$6.0733.4%9.6%34.2%31.5%34.5%2.8%2.8%191.8M-16.70B-56.1M0.662.63N/AN/A4,620,1123,034,92043,019,14448,580,420
2007-11-05$6.65$6.6138.0%10.9%32.5%43.2%38.1%0.7%6.9%181.1M-16.03B-56.3M0.493.93N/AN/A4,453,5122,185,00843,309,58849,204,820
2007-11-06$6.85$6.6134.8%10.3%33.6%35.1%36.0%0.5%8.4%228.7M-18.48B-54.4M0.493.89N/AN/A6,009,2762,940,25243,701,08449,604,016
2007-11-07$6.65$6.6140.5%11.1%35.6%49.3%39.0%-0.7%8.7%184.0M-16.12B-57.4M0.554.84N/AN/A6,076,0843,344,32044,102,29649,885,976
2007-11-08$6.27$6.6147.8%13.6%41.0%67.7%46.3%0.9%4.7%96.5M-11.47B-61.2M1.227.34N/AN/A9,445,68811,553,55645,041,64050,309,672
2007-11-09$5.91$6.6152.3%14.6%45.5%79.1%50.7%2.9%3.4%23.9M-7.14B-64.7M0.593.06N/AN/A8,664,1245,143,82446,069,85651,870,532
2007-11-12$5.49$6.6174.1%15.8%52.2%100.0%54.2%5.0%2.1%-23.2M-2.96B-62.7M0.633.81N/AN/A11,236,6527,043,03646,383,23252,254,328
2007-11-13$6.07$6.4357.5%14.1%63.8%69.0%49.2%5.3%5.6%84.3M-9.38B-64.3M0.663.42N/AN/A10,308,8166,829,14447,293,34452,086,188
2007-11-14$5.93$6.4357.4%15.2%63.9%68.7%52.1%5.6%4.0%45.4M-7.65B-66.4M0.453.04N/AN/A8,120,5043,693,14447,506,08852,584,420
2007-11-15$5.87$6.4355.1%15.8%63.9%64.3%55.3%4.7%4.2%20.4M-6.98B-66.2M1.155.01N/AN/A4,912,2925,664,90447,862,75252,292,324
2007-11-16$5.94$6.4351.3%14.7%63.9%57.3%51.4%4.6%4.8%20.1M-8.15B-66.0M1.225.67N/AN/A7,265,4968,873,81648,230,50452,078,152
2007-11-19$5.86$6.4352.2%15.0%63.4%59.0%52.5%4.6%4.9%43.4M-7.45B-65.7M0.655.40N/AN/A3,747,4362,442,41239,641,42047,212,760
2007-11-20$6.03$6.2545.2%13.0%59.4%45.8%46.1%6.6%7.0%68.4M-8.93B-64.6M0.644.81N/AN/A4,883,0323,119,67640,614,22447,455,968
2007-11-21$6.02$6.2546.6%13.4%59.4%48.4%47.2%7.0%6.6%65.7M-8.66B-64.8M0.625.79N/AN/A3,739,6522,335,70440,782,00047,540,500
2007-11-23$6.13$6.2545.8%13.1%59.7%46.9%45.7%5.0%8.1%81.2M-9.73B-65.0M0.422.37N/AN/A1,708,280710,69641,347,51647,866,084
2007-11-26$6.16$6.2546.1%13.2%59.6%47.4%46.5%5.2%8.2%84.5M-10.01B-64.3M0.483.96N/AN/A5,120,8082,469,60041,461,30848,081,824
2007-11-27$6.24$6.2543.0%12.3%59.9%41.6%43.3%6.3%8.8%100.5M-10.78B-63.2M0.514.08N/AN/A4,421,9002,260,32842,009,46448,413,204
2007-11-28$6.44$6.2538.1%10.9%60.9%32.5%38.8%5.9%9.0%136.1M-12.71B-60.3M0.513.00N/AN/A5,224,9122,672,57242,297,55648,548,640
2007-11-29$6.58$6.2536.6%10.5%61.2%29.7%37.9%5.9%10.7%153.8M-14.02B-62.2M0.502.26N/AN/A5,208,7002,584,70842,902,97249,218,652
2007-11-30$6.51$6.4344.0%12.6%61.1%43.5%43.6%7.5%9.4%130.3M-13.07B-63.9M0.542.32N/AN/A6,044,2483,241,92443,217,21649,536,564