AAPL Options History — February 2009

In February 2009, AAPL traded between $3.11 and $3.66. ATM implied volatility averaged 46.4%, placing in the 18.0% IV rank vs the trailing year. The 30-day expected move averaged 13.6%. IV traded below realized volatility by 1.4% (HV 20d: 47.8%). Max pain ranged from $3.21 to $3.39. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 0.87.

Notable Days

  • 2009-02-19: Highest Volume — 7,832,608 contracts
  • 2009-02-24: Largest IV drop — 11.6% change
  • 2009-02-23: Highest IV Rank — 27.3%
  • 2009-02-23: Largest Expected Move — 15.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.36$3.11$3.66$3.27$3.19
Max Pain$3.31$3.21$3.39$3.21$3.21
ATM IV46.4%40.6%54.2%43.0%50.7%
Expected Move13.6%11.7%15.5%12.3%14.5%
HV 20d47.8%41.6%52.3%49.7%45.1%
HV 60d56.4%49.6%61.7%61.7%49.6%
IV Rank18.0%11.1%27.3%13.9%23.1%
IV Percentile51.4%27.8%65.9%44.0%60.7%
Term Structure1.4%-0.9%4.9%4.9%-0.1%
VWIV48.0%42.2%53.8%43.4%50.9%
Skew 25d6.4%3.8%7.8%4.8%6.8%
Skew 10d13.1%7.1%16.8%8.9%13.6%
Call IV 25d44.7%39.6%50.7%40.5%47.9%
Put IV 25d51.1%43.9%58.0%45.3%54.7%
Bid-Ask Spread %2.982.093.792.292.39
Gamma HHI0.140.130.170.130.13
Net GEX21.0M-15.0M58.4M22.8M-4.4M
Net DEX-438.9M-2.09B720.8M-353.8M476.1M
Net VEX-17.3M-18.8M-15.8M-16.9M-16.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.571.080.971.07
Total Volume4,639,2922,132,4807,832,6082,132,4804,117,568
Total OI40,852,498.10535,909,07645,922,35238,429,88838,965,332

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-02-02$3.27$3.2143.0%12.3%49.7%13.9%43.4%4.8%4.9%22.8M-353.8M-16.9M0.972.29N/AN/A1,085,0841,047,39621,748,04816,681,840
2009-02-03$3.32$3.2140.7%11.7%47.7%11.2%42.2%5.2%4.1%31.3M-543.4M-16.5M0.832.37N/AN/A2,264,9761,889,86021,871,36016,620,352
2009-02-04$3.34$3.2141.6%11.9%47.4%12.2%43.8%5.1%3.4%31.1M-594.2M-16.9M0.952.40N/AN/A2,336,4042,226,95222,233,79217,211,236
2009-02-05$3.44$3.2141.8%12.0%47.8%12.5%42.2%3.8%3.5%41.0M-1.04B-17.3M0.852.09N/AN/A2,626,1482,230,17222,310,28817,625,384
2009-02-06$3.56$3.2140.6%12.9%48.7%11.1%46.3%6.8%0.8%54.6M-1.62B-17.9M0.693.79N/AN/A3,542,4762,434,85222,504,77617,901,436
2009-02-09$3.66$3.2144.8%13.7%48.4%16.0%49.8%6.6%-0.9%58.4M-2.09B-18.5M0.773.19N/AN/A3,556,8122,735,40422,823,64018,330,340
2009-02-10$3.49$3.3944.8%14.1%51.0%16.0%49.3%6.4%0.4%39.6M-1.15B-18.5M0.743.39N/AN/A3,210,0882,383,66822,954,20419,003,488
2009-02-11$3.46$3.3944.3%14.1%51.0%15.4%48.7%7.0%1.4%32.8M-806.5M-18.3M0.932.95N/AN/A2,227,0082,060,63223,184,58819,526,024
2009-02-12$3.55$3.3947.3%13.6%50.0%19.1%48.1%7.0%1.1%47.0M-1.26B-18.6M0.973.69N/AN/A2,800,8402,706,25623,487,15619,699,148
2009-02-13$3.54$3.3945.4%13.0%48.8%16.8%47.0%6.1%1.8%48.4M-1.23B-18.8M1.053.64N/AN/A1,884,5961,970,13623,891,81220,236,272
2009-02-17$3.38$3.3949.8%14.3%52.3%22.0%50.3%7.8%0.9%16.2M-281.5M-17.3M0.992.88N/AN/A2,730,7282,712,13623,819,57220,284,796
2009-02-18$3.37$3.3948.6%13.9%47.7%20.7%49.4%7.6%1.3%17.0M-279.8M-17.2M0.942.85N/AN/A1,518,6641,421,89623,914,91220,297,788
2009-02-19$3.24$3.3949.6%14.2%47.3%21.8%50.4%7.8%1.2%-13.1M433.8M-16.0M1.082.39N/AN/A3,767,7644,064,84424,063,25620,373,136
2009-02-20$3.26$3.3949.3%14.1%41.6%21.4%50.3%7.0%1.0%-15.0M330.0M-16.8M0.572.98N/AN/A3,220,3361,833,10424,536,37221,385,980
2009-02-23$3.11$3.3954.2%15.5%45.2%27.3%53.8%7.3%0.1%-7.6M720.8M-15.8M0.743.73N/AN/A2,307,3401,713,40419,922,33615,986,740
2009-02-24$3.22$3.3947.9%13.7%46.9%19.8%48.7%6.3%1.4%613.5K313.3M-16.7M0.713.59N/AN/A2,482,7321,763,94420,666,15616,356,396
2009-02-25$3.26$3.2147.6%13.6%46.8%19.4%48.4%6.7%1.3%3.2M160.9M-17.0M0.893.53N/AN/A2,013,5641,784,63620,922,83216,615,452
2009-02-26$3.19$3.2149.7%14.2%45.2%21.9%49.6%6.4%-0.1%-4.8M481.0M-16.6M0.712.57N/AN/A2,031,1201,443,00821,144,45217,096,772
2009-02-27$3.19$3.2150.7%14.5%45.1%23.1%50.9%6.8%-0.1%-4.4M476.1M-16.6M1.072.39N/AN/A1,988,1122,129,45621,488,51617,476,816