AAPL Options History — July 2009

In July 2009, AAPL traded between $4.84 and $5.84. ATM implied volatility averaged 30.5%, placing in the 3.3% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 4.6% (HV 20d: 25.9%). Max pain ranged from $4.64 to $5.36. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.85.

Notable Days

  • 2009-07-22: Highest Volume — 10,622,556 contracts
  • 2009-07-16: Largest IV spike — 26.7% change
  • 2009-07-20: Highest IV Rank — 11.5%
  • 2009-07-08: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.33$4.84$5.84$5.10$5.84
Max Pain$5.10$4.64$5.36$4.64$5.36
ATM IV30.5%26.0%37.9%28.4%26.0%
Expected Move9.6%7.4%11.9%8.1%7.4%
HV 20d25.9%23.6%29.0%23.7%24.0%
HV 60d30.8%30.2%31.2%31.2%30.3%
IV Rank3.3%0.0%11.5%0.0%0.0%
IV Percentile5.0%0.0%25.8%0.0%0.0%
Term Structure0.8%-2.6%8.7%7.8%3.8%
VWIV34.0%27.0%41.5%29.6%27.0%
Skew 25d3.6%1.6%5.2%2.8%3.3%
Skew 10d7.7%2.9%11.8%6.7%7.0%
Call IV 25d32.0%25.2%39.9%28.2%25.2%
Put IV 25d35.6%28.4%44.2%31.0%28.4%
Bid-Ask Spread %2.981.554.401.572.79
Gamma HHI0.130.090.270.140.11
Net GEX79.0M27.6M146.2M83.4M97.3M
Net DEX-3.96B-5.86B-2.33B-3.90B-5.06B
Net VEX-22.9M-24.5M-21.5M-23.3M-23.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.850.451.450.860.66
Total Volume4,869,8162,718,77210,622,5563,309,6844,141,704
Total OI40,369,530.72730,350,06845,645,71242,065,10039,258,912

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-07-01$5.10$4.6428.4%8.1%23.7%0.0%29.6%2.8%7.8%83.4M-3.90B-23.3M0.861.57N/AN/A1,777,7481,531,93622,385,10419,679,996
2009-07-02$5.00$4.6429.2%8.4%23.6%0.9%29.7%2.2%8.7%60.0M-3.29B-23.4M0.891.55N/AN/A1,438,9761,279,79622,405,40419,885,348
2009-07-06$4.95$5.0033.4%11.7%23.6%5.8%41.5%4.2%-2.1%50.1M-3.00B-22.7M1.183.92N/AN/A2,001,7762,367,40022,575,58819,969,684
2009-07-07$4.84$5.0034.9%11.9%24.8%7.5%41.3%4.1%-2.0%27.6M-2.33B-22.3M0.763.17N/AN/A2,298,1001,747,20022,898,31620,836,816
2009-07-08$4.90$5.0033.9%11.9%25.4%6.3%40.7%5.1%-2.4%42.1M-2.74B-22.7M0.713.88N/AN/A3,019,2962,129,68023,220,76420,331,752
2009-07-09$4.87$5.0032.0%11.6%24.8%4.2%40.2%4.6%-2.0%31.4M-2.51B-22.3M0.753.63N/AN/A1,762,2921,318,96823,551,22020,650,196
2009-07-10$4.95$5.0028.0%10.9%25.5%0.0%38.7%4.9%-1.2%50.1M-3.08B-21.8M1.453.14N/AN/A1,885,9682,727,00423,652,74820,743,436
2009-07-13$5.08$5.0031.1%10.6%26.0%3.6%37.3%5.2%-1.2%82.1M-3.76B-22.1M0.663.68N/AN/A2,764,9161,813,02823,587,48021,210,896
2009-07-14$5.08$5.0027.9%10.6%25.9%0.0%37.6%5.1%-1.2%89.5M-3.86B-21.9M0.954.40N/AN/A1,735,3001,642,20023,749,23621,416,696
2009-07-15$5.25$5.0028.0%10.6%27.9%0.2%37.3%4.9%-1.3%146.2M-5.04B-22.1M0.713.38N/AN/A3,326,8762,361,88423,902,08821,511,420
2009-07-16$5.27$5.0035.5%10.2%27.7%8.8%36.5%4.2%-0.8%128.0M-5.02B-22.3M0.453.11N/AN/A2,893,7441,288,72823,690,52021,955,192
2009-07-17$5.42$5.0035.9%10.3%29.0%9.2%36.5%3.0%-0.9%140.2M-5.86B-21.5M0.503.60N/AN/A5,226,0322,636,17223,190,80421,445,116
2009-07-20$5.46$5.0037.9%10.9%28.0%11.5%38.4%2.2%-2.6%60.2M-3.48B-21.7M0.692.35N/AN/A3,560,5362,443,84016,842,28013,507,788
2009-07-21$5.41$5.1836.6%10.5%27.5%10.0%36.5%1.6%-2.2%62.7M-3.28B-21.8M1.172.94N/AN/A3,794,3924,457,62817,784,73214,151,368
2009-07-22$5.60$5.1827.8%8.0%27.0%0.0%28.1%2.9%1.9%85.8M-4.14B-23.0M1.073.56N/AN/A5,138,5325,484,02418,928,19615,916,936
2009-07-23$5.64$5.3626.9%7.7%26.8%0.0%28.0%2.8%2.3%77.5M-4.16B-24.1M0.942.43N/AN/A2,322,6282,174,87219,549,06816,842,448
2009-07-24$5.71$5.3627.2%7.8%25.9%0.4%28.5%3.6%2.5%78.0M-4.38B-24.4M0.912.46N/AN/A2,310,2802,111,06019,439,98017,019,156
2009-07-27$5.72$5.3628.7%8.2%25.7%2.0%29.3%2.9%2.2%78.6M-4.43B-24.0M0.691.80N/AN/A2,081,3521,433,20819,565,14017,457,272
2009-07-28$5.71$5.3627.8%8.0%25.5%1.0%28.5%3.2%2.8%83.5M-4.43B-24.5M0.732.53N/AN/A1,707,6921,242,24819,955,93617,600,996
2009-07-29$5.72$5.3627.5%7.9%25.6%0.7%28.2%3.3%2.9%85.4M-4.45B-24.3M0.812.49N/AN/A1,566,5441,272,54420,126,56817,691,968
2009-07-30$5.81$5.3626.2%7.5%25.9%0.0%27.8%3.6%3.6%98.5M-4.96B-24.4M1.243.23N/AN/A3,087,7843,830,06420,167,98017,877,132
2009-07-31$5.84$5.3626.0%7.4%24.0%0.0%27.0%3.3%3.8%97.3M-5.06B-23.7M0.662.79N/AN/A2,500,7921,640,91220,434,03618,824,876