AAPL Options History — October 2008

In October 2008, AAPL traded between $3.17 and $3.97. ATM implied volatility averaged 86.7%, placing in the 66.2% IV rank vs the trailing year. The 30-day expected move averaged 24.0%. IV traded below realized volatility by 19.8% (HV 20d: 106.4%). Max pain ranged from $3.57 to $4.82. Net GEX was positive for 7 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.93.

Notable Days

  • 2008-10-07: Highest Volume — 18,972,464 contracts
  • 2008-10-22: Largest IV drop — 20.2% change
  • 2008-10-09: Highest IV Rank — 97.5%
  • 2008-10-09: Largest Expected Move — 30.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.54$3.17$3.97$3.90$3.84
Max Pain$3.96$3.57$4.82$4.82$3.57
ATM IV86.7%60.0%113.1%83.0%63.9%
Expected Move24.0%17.2%30.3%23.8%18.3%
HV 20d106.4%93.3%120.1%93.3%95.5%
HV 60d73.3%62.0%81.2%62.0%81.2%
IV Rank66.2%34.2%97.5%62.9%38.9%
IV Percentile95.3%85.7%99.6%99.2%87.7%
Term Structure-7.1%-16.4%2.1%-3.7%1.1%
VWIV83.7%62.4%106.2%83.4%67.9%
Skew 25d15.7%10.5%25.4%10.5%12.6%
Skew 10d32.4%18.7%52.8%18.7%26.1%
Call IV 25d75.8%55.2%94.0%78.0%59.7%
Put IV 25d91.5%67.2%117.0%88.5%72.3%
Bid-Ask Spread %5.433.1819.403.185.14
Gamma HHI0.060.040.090.070.05
Net GEX-5.3M-29.8M27.5M-29.8M9.8M
Net DEX2.65B-245.4M4.43B3.67B299.0M
Net VEX-24.6M-29.7M-20.3M-28.8M-27.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.930.582.070.820.74
Total Volume9,680,6084,891,37618,972,4646,473,5726,388,508
Total OI67,121,274.95753,595,38876,686,09266,668,19664,172,500

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-10-01$3.90$4.8283.0%23.8%93.3%62.9%83.4%10.5%-3.7%-29.8M3.67B-28.8M0.823.18N/AN/A3,554,0122,919,56038,340,79228,327,404
2008-10-02$3.57$4.8291.6%26.3%96.0%72.8%89.8%11.8%1.4%-22.6M4.05B-25.8M0.844.84N/AN/A6,202,7565,191,67639,139,85627,730,500
2008-10-03$3.47$4.6488.5%25.4%95.8%69.2%86.8%14.3%2.1%-22.9M4.38B-24.2M0.865.03N/AN/A6,026,0205,209,34440,215,70028,125,272
2008-10-06$3.50$4.2996.5%26.8%96.6%78.4%95.2%21.0%-14.5%-21.5M4.17B-24.7M0.726.09N/AN/A8,171,3525,865,66441,281,91228,406,644
2008-10-07$3.18$4.11107.9%29.6%99.8%91.4%101.0%20.4%-16.4%-14.6M4.43B-21.4M2.074.37N/AN/A6,183,94012,788,52443,979,51628,943,544
2008-10-08$3.21$4.11111.0%30.0%100.1%95.1%106.2%25.4%-15.4%-11.2M4.17B-21.9M0.886.51N/AN/A5,669,8045,007,40844,487,18428,369,292
2008-10-09$3.17$4.11113.1%30.3%99.5%97.5%103.1%22.8%-16.4%-9.3M3.94B-21.7M0.877.85N/AN/A3,829,7003,339,81244,654,37228,330,568
2008-10-10$3.46$3.93108.0%26.9%107.5%91.5%92.6%18.0%-12.0%2.0M3.18B-24.9M0.6919.40N/AN/A6,114,1644,247,74045,415,55228,405,048
2008-10-13$3.94$3.9393.5%24.1%119.1%74.2%85.0%15.7%-8.0%27.5M1.24B-29.7M0.585.77N/AN/A5,945,6883,430,56045,944,89228,285,096
2008-10-14$3.72$3.93100.6%26.1%120.1%82.7%89.3%17.7%-13.4%9.4M2.50B-26.2M1.044.42N/AN/A6,032,4326,296,08045,559,78028,556,696
2008-10-15$3.50$3.93112.3%28.2%118.1%96.6%98.6%17.4%-13.5%-684.1K3.13B-24.8M0.813.30N/AN/A5,565,5604,498,28446,237,49228,478,968
2008-10-16$3.64$3.9397.0%27.8%117.5%78.4%96.6%20.2%-14.9%9.3M2.69B-26.3M1.155.03N/AN/A6,013,5606,887,35647,276,93628,550,228
2008-10-17$3.48$4.1194.1%27.0%115.6%74.9%92.2%15.3%-12.0%-7.2M3.35B-24.3M0.664.43N/AN/A5,931,7163,903,64847,570,26429,115,828
2008-10-20$3.52$3.9381.6%23.4%114.2%60.0%82.0%12.9%-8.3%-11.0M2.20B-23.1M0.733.42N/AN/A4,376,4843,214,68031,142,13222,453,256
2008-10-21$3.27$3.9383.7%24.0%115.9%62.4%82.4%11.2%-10.0%-11.6M2.68B-20.3M0.796.46N/AN/A6,749,5125,361,52432,841,25622,783,376
2008-10-22$3.46$3.5766.7%19.1%118.4%42.3%66.8%11.3%-1.0%-5.8M2.23B-22.8M1.043.81N/AN/A5,186,5525,379,69635,283,13624,452,456
2008-10-23$3.51$3.5760.0%17.2%118.0%34.2%62.4%12.0%-0.0%-6.7M1.99B-23.1M1.605.36N/AN/A3,009,8044,824,62435,676,36824,624,992
2008-10-24$3.44$3.5767.8%19.4%117.9%43.5%69.1%15.5%-0.6%-8.0M2.08B-23.2M1.124.63N/AN/A2,835,4763,178,92436,022,16824,980,788
2008-10-27$3.29$3.5773.2%21.0%97.1%49.9%70.0%17.1%-2.4%-13.8M2.57B-21.2M0.845.07N/AN/A2,658,4042,232,97236,350,49625,189,836
2008-10-28$3.57$3.5766.8%19.1%97.6%42.3%68.8%14.3%-2.0%-3.9M1.59B-23.9M0.763.22N/AN/A3,697,0362,820,86036,899,32425,160,772
2008-10-29$3.73$3.5765.7%18.8%98.4%41.0%68.1%10.7%-1.5%5.8M782.6M-26.2M0.834.10N/AN/A5,147,9404,259,08037,098,09625,310,572
2008-10-30$3.97$3.5766.6%19.1%95.5%42.1%68.9%13.1%-1.0%15.6M-245.4M-29.2M0.973.52N/AN/A3,304,3923,201,15637,586,58426,031,880
2008-10-31$3.84$3.5763.9%18.3%95.5%38.9%67.9%12.6%1.1%9.8M299.0M-27.9M0.745.14N/AN/A3,676,2602,712,24837,926,92426,245,576