AAPL Options History — May 2008

In May 2008, AAPL traded between $6.32 and $6.78. ATM implied volatility averaged 37.4%, placing in the 25.5% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 2.1% (HV 20d: 35.3%). Max pain ranged from $5.71 to $6.43. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.65.

Notable Days

  • 2008-05-07: Highest Volume — 10,055,192 contracts
  • 2008-05-21: Largest IV spike — 11.3% change
  • 2008-05-21: Highest IV Rank — 37.8%
  • 2008-05-21: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.60$6.32$6.78$6.43$6.74
Max Pain$6.22$5.71$6.43$5.71$6.43
ATM IV37.4%31.6%43.7%35.1%38.1%
Expected Move11.1%9.9%12.5%10.1%10.9%
HV 20d35.3%27.6%41.3%41.2%29.9%
HV 60d40.6%38.5%44.2%44.2%38.5%
IV Rank25.5%13.0%37.8%26.8%20.9%
IV Percentile31.3%8.7%63.5%19.4%31.3%
Term Structure1.4%0.5%3.2%2.5%2.1%
VWIV39.0%35.1%44.1%36.3%38.7%
Skew 25d2.1%0.1%3.2%3.2%2.5%
Skew 10d4.1%1.9%6.7%6.2%5.4%
Call IV 25d38.0%34.0%44.2%34.0%37.7%
Put IV 25d40.1%35.8%44.4%37.2%40.2%
Bid-Ask Spread %3.511.556.401.553.06
Gamma HHI0.100.080.190.090.10
Net GEX169.6M82.3M280.0M188.1M163.9M
Net DEX-9.68B-12.50B-6.48B-9.77B-9.93B
Net VEX-52.5M-57.9M-27.9M-52.1M-55.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.380.930.790.45
Total Volume6,855,8163,382,54010,055,1927,460,2083,382,540
Total OI65,145,973.33348,775,35673,205,58064,023,98865,772,084

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-05-01$6.43$5.7135.1%10.1%41.2%26.8%36.3%3.2%2.5%188.1M-9.77B-52.1M0.791.55N/AN/A4,169,2843,290,92432,241,32831,782,660
2008-05-02$6.46$5.7134.7%9.9%41.2%26.0%35.1%1.5%3.2%180.4M-9.90B-52.6M0.772.70N/AN/A5,179,7203,966,48032,311,30032,670,792
2008-05-05$6.60$6.0736.1%11.1%41.3%28.8%38.8%2.6%0.5%193.2M-10.75B-53.2M0.643.86N/AN/A4,812,0243,065,38432,864,10433,322,716
2008-05-06$6.67$6.0736.6%11.0%40.0%25.6%38.8%1.4%0.8%196.1M-11.27B-53.0M0.632.75N/AN/A4,708,6202,970,96833,070,18433,442,976
2008-05-07$6.52$6.0737.7%11.3%41.0%26.2%39.5%1.8%0.9%177.8M-10.05B-53.0M0.556.40N/AN/A6,485,6683,569,52433,391,06433,714,240
2008-05-08$6.61$6.0734.6%11.0%40.9%19.8%38.1%1.9%1.3%209.0M-10.86B-53.7M0.913.39N/AN/A3,366,2443,048,24834,489,14034,072,332
2008-05-09$6.55$6.0731.6%10.7%35.4%13.0%37.8%2.5%1.7%190.5M-10.16B-54.0M0.884.14N/AN/A3,131,0722,753,21234,941,28434,683,936
2008-05-12$6.72$6.0733.1%10.6%35.6%16.2%37.4%2.2%1.5%209.7M-8.60B-27.9M0.933.21N/AN/A4,667,4324,340,78424,966,28423,809,072
2008-05-13$6.78$6.2534.1%10.6%35.5%18.1%37.5%1.5%1.6%245.0M-12.50B-51.0M0.803.47N/AN/A4,337,7323,457,97235,084,50435,660,240
2008-05-14$6.65$6.2534.4%10.8%36.2%18.9%37.9%1.4%1.0%198.8M-10.90B-53.0M0.564.50N/AN/A5,957,2243,314,08035,338,15636,332,240
2008-05-15$6.78$6.2537.0%10.6%36.3%24.2%37.0%2.3%1.4%280.0M-12.28B-53.3M0.923.66N/AN/A3,499,5243,230,89236,015,75636,738,576
2008-05-16$6.70$6.2538.0%10.9%35.1%26.1%38.5%2.1%1.0%144.6M-11.35B-54.0M0.383.76N/AN/A4,681,0961,764,30836,200,16437,005,416
2008-05-19$6.56$6.2539.3%11.3%33.9%28.9%39.7%1.2%0.5%115.9M-8.09B-54.3M0.483.20N/AN/A3,632,4401,752,74430,005,64028,575,148
2008-05-20$6.64$6.4339.2%11.2%27.6%28.8%39.6%2.8%1.3%123.7M-8.66B-54.6M0.792.92N/AN/A2,608,5362,057,38430,528,06429,083,152
2008-05-21$6.36$6.4343.7%12.5%32.5%37.8%44.1%0.1%0.9%82.3M-6.67B-56.8M0.463.39N/AN/A6,262,0322,873,75230,692,50829,581,132
2008-05-22$6.32$6.4341.0%11.8%30.4%32.4%41.0%2.2%1.0%91.6M-6.48B-56.6M0.664.37N/AN/A5,365,3323,545,02431,962,30829,919,652
2008-05-23$6.47$6.4339.4%11.3%31.2%29.1%39.6%1.7%2.3%115.5M-7.58B-57.9M0.663.28N/AN/A3,062,6122,016,33632,708,53631,073,224
2008-05-27$6.66$6.4340.5%11.6%32.3%31.3%41.0%2.6%1.4%139.1M-9.06B-56.4M0.503.93N/AN/A3,473,7641,745,15632,590,06831,547,012
2008-05-28$6.68$6.4340.8%11.7%32.0%28.8%40.9%2.7%1.4%136.3M-9.12B-56.5M0.453.26N/AN/A3,361,4841,505,14032,582,53631,913,420
2008-05-29$6.67$6.4341.3%11.8%31.8%27.9%41.4%3.0%0.7%180.9M-9.34B-43.3M0.542.88N/AN/A2,306,6401,252,80433,335,45632,047,036
2008-05-30$6.74$6.4338.1%10.9%29.9%20.9%38.7%2.5%2.1%163.9M-9.93B-55.9M0.453.06N/AN/A2,325,6521,056,88833,594,42832,177,656