AAPL Options History — January 2009

In January 2009, AAPL traded between $2.79 and $3.38. ATM implied volatility averaged 50.8%, placing in the 23.2% IV rank vs the trailing year. The 30-day expected move averaged 15.6%. IV traded above realized volatility by 1.5% (HV 20d: 49.3%). Max pain ranged from $3.04 to $3.93. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.92.

Notable Days

  • 2009-01-15: Highest Volume — 11,006,968 contracts
  • 2009-01-15: Largest IV spike — 25.7% change
  • 2009-01-20: Highest IV Rank — 40.3%
  • 2009-01-14: Largest Expected Move — 18.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.17$2.79$3.38$3.24$3.22
Max Pain$3.25$3.04$3.93$3.93$3.21
ATM IV50.8%39.6%65.1%56.1%42.0%
Expected Move15.6%11.4%18.8%16.1%12.1%
HV 20d49.3%39.6%54.0%53.8%54.0%
HV 60d67.0%61.8%75.7%75.2%62.1%
IV Rank23.2%9.9%40.3%29.6%12.8%
IV Percentile55.7%22.6%80.6%65.9%40.1%
Term Structure-0.1%-4.5%4.9%3.7%4.9%
VWIV55.2%40.8%65.4%57.3%43.0%
Skew 25d7.8%5.3%10.5%7.2%5.3%
Skew 10d15.9%10.3%21.4%14.8%10.3%
Call IV 25d51.4%38.0%61.5%53.7%39.9%
Put IV 25d59.2%43.8%70.7%60.9%45.2%
Bid-Ask Spread %3.632.035.812.032.18
Gamma HHI0.130.090.270.120.13
Net GEX2.8M-29.5M32.9M-9.1M21.0M
Net DEX1.22B-656.0M2.79B2.24B-192.3M
Net VEX-14.0M-17.3M-10.7M-13.9M-16.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.920.631.480.681.16
Total Volume5,558,396.22,576,75611,006,9684,270,7005,508,552
Total OI48,684,165.626,859,78463,341,54459,013,02437,071,776

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-01-02$3.24$3.9356.1%16.1%53.8%29.6%57.3%7.2%3.7%-9.1M2.24B-13.9M0.682.03N/AN/A2,537,5561,733,14436,047,90022,965,124
2009-01-05$3.38$3.2158.8%17.5%53.1%32.8%61.1%7.2%-4.5%-3.1M1.69B-15.0M0.664.48N/AN/A4,611,1523,029,37636,362,64823,294,040
2009-01-06$3.32$3.3954.4%17.0%52.6%27.5%60.2%7.1%-4.3%-734.0K1.86B-14.3M0.633.54N/AN/A3,287,1442,079,16837,109,43623,309,020
2009-01-07$3.25$3.3954.8%17.6%48.1%28.0%61.7%7.5%-4.0%-6.5M2.13B-13.8M0.864.49N/AN/A2,200,1561,892,12837,300,11623,415,056
2009-01-08$3.31$3.3949.1%17.1%48.7%21.2%60.8%8.3%-3.5%1.4M1.76B-14.3M0.844.59N/AN/A2,033,0521,713,79637,376,75223,167,088
2009-01-09$3.23$3.3945.8%17.0%48.9%17.3%58.8%8.0%-2.8%-4.3M2.09B-13.4M1.085.05N/AN/A1,914,7242,063,96437,466,29623,258,340
2009-01-12$3.17$3.3952.4%17.8%48.1%25.1%63.6%9.2%-2.9%-11.8M2.32B-12.8M1.173.99N/AN/A1,856,4002,173,02437,717,14823,301,656
2009-01-13$3.13$3.3949.7%17.2%46.1%21.9%60.2%9.9%-1.9%-12.6M2.35B-12.7M1.485.02N/AN/A1,511,1882,239,35638,015,90823,402,960
2009-01-14$3.05$3.3949.1%18.8%45.4%21.2%64.8%9.9%-2.8%-23.2M2.55B-12.7M0.745.81N/AN/A3,058,3282,274,07638,376,01623,619,260
2009-01-15$2.98$3.2161.7%17.7%45.6%36.2%62.3%10.1%-1.8%-29.5M2.79B-11.7M0.873.72N/AN/A5,870,8165,136,15238,938,42423,729,356
2009-01-16$2.94$3.2161.9%17.7%39.6%36.5%60.6%10.5%-2.4%410.6K2.62B-11.4M0.963.53N/AN/A3,212,1603,071,01239,866,54023,475,004
2009-01-20$2.79$3.2165.1%18.7%42.9%40.3%65.4%8.7%-2.2%-2.0M889.3M-10.7M0.882.95N/AN/A3,107,7202,721,76815,630,41211,229,372
2009-01-21$2.96$3.0460.3%17.3%48.4%34.6%61.9%9.1%-1.9%2.4M608.7M-12.3M0.862.57N/AN/A4,469,4163,839,72416,786,72812,192,992
2009-01-22$3.16$3.0446.4%13.3%51.3%18.0%48.7%7.2%4.4%13.5M99.1M-14.3M1.013.90N/AN/A4,825,1284,880,79218,308,19213,832,112
2009-01-23$3.16$3.0442.1%12.1%51.2%12.8%43.3%5.9%4.0%14.9M113.5M-14.8M0.833.51N/AN/A2,632,6442,186,32419,629,42814,612,724
2009-01-26$3.20$3.0443.9%12.6%51.0%14.9%45.3%7.0%3.7%18.5M-51.8M-15.1M0.993.32N/AN/A2,229,7522,203,26419,948,09614,698,376
2009-01-27$3.24$3.0441.4%11.9%51.1%12.1%42.3%6.5%4.1%24.6M-216.9M-15.9M0.983.17N/AN/A1,300,3481,276,40820,682,22814,917,280
2009-01-28$3.36$3.0439.6%11.4%52.5%9.9%40.8%5.8%3.6%32.9M-656.0M-16.4M0.752.05N/AN/A3,735,9282,807,11220,579,72015,101,520
2009-01-29$3.32$3.0440.5%11.6%52.8%11.0%41.9%5.7%4.0%29.0M-541.1M-17.3M0.952.71N/AN/A2,018,5201,926,65221,234,44415,713,824
2009-01-30$3.22$3.2142.0%12.1%54.0%12.8%43.0%5.3%4.9%21.0M-192.3M-16.5M1.162.18N/AN/A2,553,2642,955,28821,463,48415,608,292