AAPL Options History — May 2009

In May 2009, AAPL traded between $4.27 and $4.85. ATM implied volatility averaged 36.8%, placing in the 6.5% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 3.8% (HV 20d: 33.0%). Max pain ranged from $4.29 to $4.82. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.72.

Notable Days

  • 2009-05-07: Highest Volume — 8,803,200 contracts
  • 2009-05-13: Largest IV spike — 9.7% change
  • 2009-05-13: Highest IV Rank — 12.7%
  • 2009-05-13: Largest Expected Move — 12.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.58$4.27$4.85$4.54$4.85
Max Pain$4.62$4.29$4.82$4.29$4.64
ATM IV36.8%33.4%42.0%33.4%37.3%
Expected Move10.9%9.6%12.1%9.6%10.7%
HV 20d33.0%25.9%40.9%28.3%40.9%
HV 60d40.7%38.9%42.3%42.1%40.3%
IV Rank6.5%2.5%12.7%2.5%7.1%
IV Percentile12.5%3.2%33.3%3.2%14.3%
Term Structure1.6%0.2%5.1%5.1%1.5%
VWIV38.2%33.7%41.7%33.7%38.6%
Skew 25d4.9%3.9%5.9%4.1%3.9%
Skew 10d10.0%7.3%12.5%9.9%7.3%
Call IV 25d36.0%31.6%39.8%31.6%36.4%
Put IV 25d40.9%35.6%45.6%35.6%40.3%
Bid-Ask Spread %3.812.115.292.905.29
Gamma HHI0.120.080.150.130.13
Net GEX58.2M-3.7M106.3M80.4M84.5M
Net DEX-2.55B-4.24B-593.7M-3.03B-3.65B
Net VEX-22.1M-23.4M-21.1M-21.7M-23.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.540.930.930.60
Total Volume4,778,8652,662,4648,803,2003,056,9004,277,924
Total OI40,255,05434,845,35645,708,57239,401,34839,148,648

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-05-01$4.54$4.2933.4%9.6%28.3%2.5%33.7%4.1%5.1%80.4M-3.03B-21.7M0.932.90N/AN/A1,587,3761,469,52421,117,40418,283,944
2009-05-04$4.72$4.4636.0%11.2%29.4%5.6%39.3%5.1%0.7%106.3M-4.19B-21.6M0.823.26N/AN/A3,019,5762,461,87221,414,06418,674,096
2009-05-05$4.74$4.4634.3%10.7%28.9%3.6%38.2%4.8%1.1%105.4M-4.24B-21.6M0.843.26N/AN/A2,207,7441,845,39621,451,83618,869,144
2009-05-06$4.73$4.4635.7%11.6%25.9%5.2%40.0%4.9%0.8%101.3M-4.16B-21.9M0.674.35N/AN/A2,914,2961,937,90821,689,97619,220,908
2009-05-07$4.61$4.4636.7%11.7%28.4%6.4%40.3%5.8%0.7%88.1M-3.37B-22.3M0.653.21N/AN/A5,327,4203,475,78022,015,86819,500,012
2009-05-08$4.61$4.8234.3%11.1%27.2%3.6%39.0%5.8%1.1%75.0M-3.08B-23.4M0.774.89N/AN/A3,889,0882,995,72022,929,50820,987,624
2009-05-11$4.63$4.8237.1%11.2%27.2%6.9%39.2%5.9%0.8%67.0M-3.00B-23.3M0.554.34N/AN/A2,665,8241,473,47223,083,17221,053,732
2009-05-12$4.44$4.8238.3%12.0%30.7%8.3%41.6%5.7%0.2%26.8M-1.77B-22.6M0.693.74N/AN/A4,086,8802,815,98823,334,36021,279,972
2009-05-13$4.27$4.6442.0%12.1%34.2%12.7%41.7%5.8%0.2%-3.7M-593.7M-21.4M0.632.11N/AN/A4,426,4642,791,57223,915,27621,378,280
2009-05-14$4.39$4.6438.5%11.0%33.8%8.6%39.4%5.4%1.1%41.7M-1.47B-21.5M0.804.76N/AN/A2,872,9122,302,32824,292,57621,415,996
2009-05-15$4.37$4.6439.1%11.2%33.4%9.3%38.6%4.8%0.5%18.1M-1.34B-21.1M0.934.24N/AN/A2,029,9721,896,88824,072,97221,459,368
2009-05-18$4.52$4.6435.7%10.2%34.3%5.2%35.9%5.0%1.3%30.3M-1.69B-21.4M0.733.97N/AN/A1,747,3961,270,86419,286,93215,558,424
2009-05-19$4.55$4.6435.9%10.3%34.2%5.5%35.8%4.5%1.8%37.2M-1.91B-21.8M0.653.35N/AN/A1,780,3241,160,71219,745,23615,749,272
2009-05-20$4.50$4.6435.0%10.0%34.5%4.3%34.8%4.4%2.7%29.1M-1.60B-21.5M0.564.02N/AN/A2,058,0841,155,95219,818,93215,993,180
2009-05-21$4.43$4.6435.3%10.1%33.1%4.7%35.7%4.0%3.7%30.5M-1.41B-21.6M0.773.90N/AN/A2,063,8521,585,36020,444,11616,016,084
2009-05-22$4.38$4.6437.1%10.6%33.1%6.9%36.4%4.7%2.9%27.5M-1.17B-21.4M0.903.65N/AN/A1,401,2881,261,17620,829,28416,260,636
2009-05-26$4.67$4.6438.8%11.1%40.6%8.8%39.3%5.5%1.9%62.3M-2.72B-22.5M0.654.39N/AN/A3,512,3762,285,44421,129,78016,503,088
2009-05-27$4.75$4.6436.9%10.6%40.7%6.6%38.1%4.3%1.6%74.5M-3.17B-22.8M0.743.31N/AN/A3,304,2522,440,03221,485,71616,827,020
2009-05-28$4.82$4.6437.6%10.8%40.9%7.5%38.3%4.4%1.8%81.6M-3.53B-23.1M0.543.23N/AN/A2,446,6681,331,59621,621,99217,242,652
2009-05-29$4.85$4.6437.3%10.7%40.9%7.1%38.6%3.9%1.5%84.5M-3.65B-23.0M0.605.29N/AN/A2,681,3081,596,61621,738,89217,409,756