AAPL Options History — September 2009

In September 2009, AAPL traded between $5.90 and $6.65. ATM implied volatility averaged 31.1%, placing in the 7.8% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 8.5% (HV 20d: 22.6%). Max pain ranged from $5.36 to $5.89. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.73.

Notable Days

  • 2009-09-16: Highest Volume — 14,472,556 contracts
  • 2009-09-04: Largest IV drop — 10.1% change
  • 2009-09-24: Highest IV Rank — 10.2%
  • 2009-09-24: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.35$5.90$6.65$5.90$6.62
Max Pain$5.66$5.36$5.89$5.89$5.89
ATM IV31.1%28.2%33.3%32.6%31.1%
Expected Move9.1%8.3%9.6%9.3%8.9%
HV 20d22.6%18.5%26.6%25.3%19.1%
HV 60d24.0%22.5%24.9%24.9%22.5%
IV Rank7.8%4.6%10.2%9.4%7.9%
IV Percentile15.3%7.1%22.6%15.5%15.9%
Term Structure4.5%1.8%6.3%1.8%6.1%
VWIV32.3%30.4%34.0%32.9%31.6%
Skew 25d2.3%0.7%3.7%2.4%2.0%
Skew 10d4.7%1.6%7.9%5.1%3.9%
Call IV 25d31.1%27.7%33.7%32.1%30.7%
Put IV 25d33.4%31.4%35.6%34.5%32.8%
Bid-Ask Spread %2.892.074.343.302.29
Gamma HHI0.120.090.200.090.12
Net GEX117.1M49.3M197.1M50.8M137.5M
Net DEX-6.17B-8.21B-3.99B-4.06B-6.98B
Net VEX-24.7M-26.8M-22.2M-24.6M-26.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.381.130.680.71
Total Volume5,933,726.6673,120,99214,472,5564,561,7324,842,348
Total OI42,238,958.66737,548,05646,716,48839,562,76843,082,452

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-09-01$5.90$5.8932.6%9.3%25.3%9.4%32.9%2.4%1.8%50.8M-4.06B-24.6M0.683.30N/AN/A2,715,6361,846,09620,467,30019,095,468
2009-09-02$5.90$5.8931.6%9.0%25.2%8.2%32.1%2.5%3.5%49.3M-3.99B-25.1M0.723.34N/AN/A2,058,5881,479,68820,860,30819,661,796
2009-09-03$5.95$5.8931.6%9.0%25.3%8.2%31.8%3.0%3.4%63.3M-4.35B-24.4M0.813.78N/AN/A1,726,9001,394,09221,014,78419,846,344
2009-09-04$6.08$5.3628.4%9.3%26.2%4.8%33.1%3.7%4.3%95.7M-5.07B-25.1M0.592.99N/AN/A2,850,1201,676,36021,205,80020,156,276
2009-09-08$6.18$5.3630.1%9.4%26.6%6.7%34.0%3.6%3.4%114.1M-5.60B-24.3M0.563.63N/AN/A2,773,6521,563,91221,184,04420,426,112
2009-09-09$6.11$5.3628.2%8.9%26.5%4.6%32.1%3.4%4.8%113.9M-5.29B-23.9M0.973.46N/AN/A4,861,3324,709,82421,479,86420,698,804
2009-09-10$6.16$5.3629.6%8.5%26.2%6.1%30.4%3.5%4.9%116.2M-5.46B-24.1M1.082.77N/AN/A2,186,6602,364,68421,801,69621,640,612
2009-09-11$6.15$5.5430.3%8.7%25.5%6.9%31.1%3.0%5.0%118.6M-5.44B-24.0M1.102.71N/AN/A2,027,0602,227,03621,997,05221,999,908
2009-09-14$6.20$5.5429.3%8.4%25.3%5.8%31.0%3.6%5.1%132.8M-5.80B-22.7M1.132.99N/AN/A2,107,5322,375,07222,110,45222,400,224
2009-09-15$6.26$5.5429.1%8.3%18.5%5.5%30.4%3.7%5.7%163.3M-6.21B-22.2M0.952.30N/AN/A2,466,3522,340,77222,109,83622,697,388
2009-09-16$6.50$5.5431.8%9.1%20.5%8.5%32.2%2.3%3.5%197.1M-7.80B-23.3M0.422.66N/AN/A10,177,8324,294,72422,011,75223,109,352
2009-09-17$6.59$5.5432.6%9.3%20.7%9.3%33.2%1.7%2.8%177.8M-8.21B-24.2M0.382.91N/AN/A9,226,2803,465,84022,365,50423,675,540
2009-09-18$6.61$5.7132.8%9.4%20.7%9.6%33.4%1.3%3.5%101.2M-8.02B-23.3M0.462.07N/AN/A5,916,5402,719,66822,534,17624,182,312
2009-09-21$6.57$5.7132.6%9.4%20.5%9.4%33.4%1.3%5.1%110.3M-6.65B-24.6M0.742.23N/AN/A2,523,5001,859,25620,257,77617,290,280
2009-09-22$6.59$5.7132.3%9.3%20.4%9.1%33.6%1.2%4.8%111.2M-6.70B-25.2M0.942.67N/AN/A2,378,6562,230,08820,816,20817,752,868
2009-09-23$6.63$5.7132.3%9.3%20.4%9.0%33.1%0.7%4.1%118.7M-6.97B-25.4M0.824.34N/AN/A4,694,3403,826,95621,255,16418,368,672
2009-09-24$6.56$5.7133.3%9.6%20.1%10.2%33.9%0.9%4.4%101.7M-6.41B-26.8M0.562.61N/AN/A3,980,6202,224,71221,695,01619,021,352
2009-09-25$6.51$5.8931.4%9.0%20.4%8.1%31.7%1.3%6.3%111.1M-6.35B-26.2M0.692.46N/AN/A3,279,1642,253,07622,410,30419,355,896
2009-09-28$6.65$5.8931.9%9.1%21.3%8.6%32.6%1.3%5.2%136.5M-7.17B-26.7M0.592.40N/AN/A2,188,8721,292,39622,770,91619,531,848
2009-09-29$6.62$5.8930.8%8.8%20.8%7.4%31.2%1.1%5.9%137.1M-6.99B-26.8M0.502.71N/AN/A2,316,7201,165,30422,977,94819,698,728
2009-09-30$6.62$5.8931.1%8.9%19.1%7.9%31.6%2.0%6.1%137.5M-6.98B-26.7M0.712.29N/AN/A2,834,3562,007,99223,223,17219,859,280