AAPL Options History — April 2009

In April 2009, AAPL traded between $3.88 and $4.49. ATM implied volatility averaged 43.5%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded above realized volatility by 5.4% (HV 20d: 38.1%). Max pain ranged from $3.57 to $4.11. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.83.

Notable Days

  • 2009-04-22: Highest Volume — 8,490,272 contracts
  • 2009-04-09: Largest IV spike — 28.5% change
  • 2009-04-14: Highest IV Rank — 24.5%
  • 2009-04-07: Largest Expected Move — 15.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.29$3.88$4.49$3.88$4.49
Max Pain$4.00$3.57$4.11$3.57$4.11
ATM IV43.5%34.0%51.8%42.2%34.0%
Expected Move13.1%9.7%15.1%12.1%9.7%
HV 20d38.1%30.3%49.2%49.2%30.3%
HV 60d45.0%42.1%47.6%47.1%42.1%
IV Rank14.5%3.2%24.5%13.0%3.2%
IV Percentile35.0%4.0%61.9%34.1%4.0%
Term Structure-0.0%-4.9%8.2%7.2%4.5%
VWIV46.5%34.8%54.4%44.2%34.8%
Skew 25d5.4%3.5%7.8%7.1%3.5%
Skew 10d10.9%7.2%15.6%13.6%9.2%
Call IV 25d43.5%32.9%50.0%40.0%32.9%
Put IV 25d48.9%36.4%56.6%47.1%36.4%
Bid-Ask Spread %2.611.933.361.932.87
Gamma HHI0.130.090.180.120.12
Net GEX57.1M32.4M74.7M41.2M67.4M
Net DEX-3.04B-4.55B-1.92B-2.03B-2.75B
Net VEX-21.1M-22.0M-20.2M-20.2M-21.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.401.320.930.77
Total Volume5,260,697.3332,546,5448,490,2724,220,0204,274,900
Total OI40,978,342.66731,175,90047,156,50841,650,72838,666,488

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-04-01$3.88$3.5742.2%12.1%49.2%13.0%44.2%7.1%7.2%41.2M-2.03B-20.2M0.931.93N/AN/A2,187,9762,032,04422,946,25218,704,476
2009-04-02$4.03$3.5740.2%11.5%48.3%10.6%42.9%6.3%8.2%52.2M-2.81B-20.7M0.992.45N/AN/A3,480,1483,457,41223,237,67619,192,124
2009-04-03$4.14$3.7540.5%14.3%44.4%10.9%50.8%7.8%-1.5%59.1M-3.38B-21.3M0.842.76N/AN/A3,831,2123,234,56023,550,07219,423,796
2009-04-06$4.23$3.9342.4%14.9%41.7%13.2%52.7%7.4%-2.8%59.4M-3.74B-22.0M0.902.70N/AN/A3,196,8722,887,66824,172,45620,065,388
2009-04-07$4.11$3.9341.9%15.1%41.1%12.6%52.5%6.3%-2.5%53.0M-3.04B-21.4M0.862.55N/AN/A3,495,7723,009,16023,753,32420,381,956
2009-04-08$4.15$3.9337.7%14.6%39.3%7.6%50.6%6.0%-1.6%66.4M-3.33B-21.4M0.842.99N/AN/A2,508,1562,101,48424,359,58020,684,300
2009-04-09$4.27$3.9348.5%13.9%38.5%20.4%49.5%6.1%-1.1%74.7M-3.96B-21.4M0.942.49N/AN/A2,496,1722,351,63624,520,46820,972,308
2009-04-13$4.29$3.9351.3%14.7%38.1%23.8%51.4%5.7%-3.5%68.8M-3.97B-21.5M0.602.26N/AN/A3,192,0841,931,18824,460,57621,477,484
2009-04-14$4.23$4.1151.8%14.9%38.9%24.5%54.4%6.1%-3.4%63.1M-3.57B-21.0M1.323.32N/AN/A3,055,0804,023,93624,700,70421,361,144
2009-04-15$4.20$4.1150.8%14.6%37.3%23.3%51.6%5.7%-2.9%55.7M-3.35B-21.3M0.402.74N/AN/A2,700,2081,067,13625,013,63222,142,876
2009-04-16$4.34$4.1149.4%14.2%38.1%21.5%50.0%5.5%-2.7%71.1M-4.13B-20.6M0.592.35N/AN/A4,433,2122,616,01224,478,16021,645,400
2009-04-17$4.41$4.1146.7%13.4%38.0%18.3%48.1%5.1%-2.1%43.1M-4.55B-20.3M0.702.08N/AN/A3,073,4762,153,67624,800,88821,964,712
2009-04-20$4.30$4.1150.8%14.6%39.8%23.3%50.9%4.5%-3.4%32.4M-1.92B-20.5M0.412.31N/AN/A3,302,2641,349,29217,006,66814,169,232
2009-04-21$4.35$4.1149.4%14.2%35.2%21.5%49.5%4.6%-4.4%44.4M-2.20B-20.7M0.892.43N/AN/A2,140,4881,910,04818,047,65214,554,624
2009-04-22$4.34$4.1151.7%14.8%34.9%24.3%52.2%5.0%-4.9%40.1M-2.10B-21.3M0.922.70N/AN/A4,417,0564,073,21618,447,07215,368,696
2009-04-23$4.48$4.1138.1%10.9%35.8%8.1%39.3%4.7%2.8%64.5M-2.76B-21.2M0.833.36N/AN/A4,130,5043,425,52019,441,94016,614,528
2009-04-24$4.42$4.1137.6%10.8%35.4%7.5%38.7%3.5%2.9%54.9M-2.47B-21.7M1.072.41N/AN/A2,129,4282,268,84020,018,57217,164,280
2009-04-27$4.45$4.1138.0%10.9%33.1%8.0%38.8%4.7%2.2%59.6M-2.60B-21.3M0.992.65N/AN/A1,276,4641,270,08019,975,22817,357,760
2009-04-28$4.42$4.1136.8%10.5%31.6%6.5%37.6%3.9%4.2%58.1M-2.44B-21.4M0.862.97N/AN/A1,830,9761,583,45620,101,90017,488,464
2009-04-29$4.47$4.1134.3%9.8%31.6%3.5%35.1%3.6%4.3%70.1M-2.69B-21.1M0.742.54N/AN/A1,483,3001,092,53220,456,12817,656,212
2009-04-30$4.49$4.1134.0%9.7%30.3%3.2%34.8%3.5%4.5%67.4M-2.75B-21.3M0.772.87N/AN/A2,413,3481,861,55220,638,63218,027,856