AAPL Options History — June 2008

In June 2008, AAPL traded between $5.98 and $6.77. ATM implied volatility averaged 42.2%, placing in the 30.0% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 9.5% (HV 20d: 32.8%). Max pain ranged from $5.54 to $6.43. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.61.

Notable Days

  • 2008-06-09: Highest Volume — 15,233,456 contracts
  • 2008-06-06: Largest IV spike — 13.4% change
  • 2008-06-06: Highest IV Rank — 39.2%
  • 2008-06-12: Largest Expected Move — 13.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.37$5.98$6.77$6.65$5.98
Max Pain$5.84$5.54$6.43$6.43$5.71
ATM IV42.2%38.4%46.4%41.6%41.3%
Expected Move12.2%11.0%13.3%11.9%11.8%
HV 20d32.8%29.2%37.2%30.4%37.2%
HV 60d36.8%35.6%38.1%38.0%37.0%
IV Rank30.0%21.4%39.2%28.7%27.9%
IV Percentile52.8%25.8%72.2%53.2%46.0%
Term Structure3.2%-0.6%7.3%0.5%7.0%
VWIV42.6%38.2%46.7%41.9%40.9%
Skew 25d3.3%2.2%4.4%2.2%3.0%
Skew 10d6.6%4.1%9.8%4.1%6.4%
Call IV 25d41.1%37.2%45.1%41.0%39.9%
Put IV 25d44.5%39.6%49.3%43.2%42.9%
Bid-Ask Spread %2.901.796.092.632.16
Gamma HHI0.100.060.420.100.06
Net GEX99.2M-188.7M182.4M146.6M70.0M
Net DEX-6.87B-10.15B-4.18B-9.11B-4.18B
Net VEX-54.5M-57.2M-50.8M-55.1M-50.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.450.860.450.62
Total Volume7,406,170.6673,801,44815,233,4564,027,5204,812,892
Total OI69,503,981.33362,264,07675,974,83666,147,70466,399,508

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-06-02$6.65$6.4341.6%11.9%30.4%28.7%41.9%2.2%0.5%146.6M-9.11B-55.1M0.452.63N/AN/A2,781,2681,246,25233,658,63232,489,072
2008-06-03$6.62$6.4341.9%12.0%29.6%29.2%42.3%3.1%0.3%149.0M-8.91B-55.9M0.463.27N/AN/A3,232,7121,498,70034,055,92432,471,208
2008-06-04$6.61$6.4343.0%12.3%29.3%31.6%43.1%3.4%-0.6%148.1M-8.86B-55.7M0.512.77N/AN/A2,512,1321,289,31634,296,38832,755,996
2008-06-05$6.77$6.4341.0%11.7%29.2%27.2%41.6%3.3%1.0%175.2M-10.15B-55.3M0.613.12N/AN/A4,180,4002,529,35234,442,94033,070,212
2008-06-06$6.63$5.5446.4%13.1%29.9%39.2%45.9%4.3%1.1%135.7M-8.80B-57.2M0.543.05N/AN/A5,389,7762,923,56434,419,42034,092,128
2008-06-09$6.49$5.7143.9%12.7%30.8%33.5%44.5%3.1%2.2%120.7M-7.57B-56.1M0.546.09N/AN/A9,880,7805,352,67635,535,78034,573,280
2008-06-10$6.63$5.7140.5%12.1%30.4%26.1%42.6%3.3%3.3%177.9M-9.13B-56.2M0.642.55N/AN/A4,863,5723,135,72036,782,87235,207,172
2008-06-11$6.46$5.7142.7%12.9%31.5%31.0%45.1%3.1%1.6%101.7M-7.10B-56.9M0.671.79N/AN/A4,521,1043,010,11236,599,86435,725,424
2008-06-12$6.19$5.7146.4%13.3%34.1%39.2%46.7%4.2%1.5%33.1M-4.39B-57.0M0.583.11N/AN/A8,296,7364,795,28036,960,67235,906,780
2008-06-13$6.16$5.7144.7%12.8%33.1%35.4%44.3%4.0%1.9%26.6M-4.23B-55.9M0.862.87N/AN/A6,779,1925,801,71237,624,72036,497,048
2008-06-16$6.32$5.7143.0%12.3%34.7%31.7%42.5%4.1%2.4%93.8M-6.09B-55.1M0.852.71N/AN/A3,164,6442,695,64438,332,11236,455,636
2008-06-17$6.48$5.7141.7%12.0%35.3%28.8%41.9%4.4%2.9%182.4M-8.23B-55.2M0.704.68N/AN/A4,212,2362,957,27638,906,28036,760,248
2008-06-18$6.38$5.7141.6%11.9%35.3%28.5%41.9%3.3%3.3%120.1M-6.98B-54.6M0.622.95N/AN/A4,296,1802,654,40038,869,01236,909,208
2008-06-19$6.46$5.7140.3%11.6%32.2%25.8%40.5%3.7%3.9%174.7M-7.93B-54.3M0.582.39N/AN/A5,367,2083,117,40839,091,27636,883,560
2008-06-20$6.26$5.7142.8%12.3%34.2%31.3%42.8%3.0%2.7%-188.7M-5.78B-53.5M0.702.47N/AN/A5,777,0444,037,34839,106,14436,701,812
2008-06-23$6.18$5.7141.4%11.9%33.2%28.1%41.7%3.2%5.1%84.1M-5.54B-52.4M0.612.64N/AN/A3,585,2322,191,19631,662,34430,601,732
2008-06-24$6.19$5.7140.8%11.7%31.2%26.9%41.1%2.5%6.2%87.0M-5.60B-52.6M0.572.32N/AN/A2,745,9041,551,62032,333,53231,109,176
2008-06-25$6.34$5.7138.4%11.0%32.6%21.4%38.2%2.4%7.0%117.6M-6.73B-51.8M0.452.40N/AN/A3,213,7001,457,17632,645,56431,180,436
2008-06-26$6.01$5.7143.0%12.3%37.1%31.5%43.3%2.5%6.4%60.7M-4.28B-51.9M0.622.05N/AN/A4,413,6122,727,70432,829,38431,405,864
2008-06-27$6.07$5.7140.7%11.7%37.1%26.7%41.1%3.9%7.3%67.9M-4.66B-51.3M0.632.78N/AN/A4,000,2482,530,55632,829,38431,405,864
2008-06-30$5.98$5.7141.3%11.8%37.2%27.9%40.9%3.0%7.0%70.0M-4.18B-50.8M0.622.16N/AN/A2,976,6801,836,21234,488,38431,911,124