AAPL Options History — November 2009

In November 2009, AAPL traded between $6.74 and $7.39. ATM implied volatility averaged 28.9%, placing in the 9.4% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded below realized volatility by 1.3% (HV 20d: 30.3%). Max pain ranged from $6.79 to $6.96. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.61.

Notable Days

  • 2009-11-09: Highest Volume — 8,339,772 contracts
  • 2009-11-05: Largest IV drop — 13.0% change
  • 2009-11-02: Highest IV Rank — 13.1%
  • 2009-11-02: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.15$6.74$7.39$6.76$7.14
Max Pain$6.93$6.79$6.96$6.79$6.96
ATM IV28.9%25.6%32.1%32.1%29.6%
Expected Move8.5%7.6%9.2%9.2%8.5%
HV 20d30.3%22.8%33.4%31.3%22.8%
HV 60d25.4%24.5%26.8%26.4%25.6%
IV Rank9.4%4.5%13.1%13.1%12.5%
IV Percentile16.3%3.2%28.6%27.4%22.2%
Term Structure2.5%1.3%3.7%1.3%3.0%
VWIV30.4%27.5%33.9%33.9%30.3%
Skew 25d3.1%0.7%5.0%5.0%0.7%
Skew 10d7.1%2.4%10.7%9.5%2.4%
Call IV 25d28.8%26.2%30.8%30.5%29.9%
Put IV 25d32.0%28.8%35.6%35.6%30.6%
Bid-Ask Spread %4.802.678.593.673.05
Gamma HHI0.180.110.300.110.15
Net GEX175.4M64.9M290.2M77.5M127.0M
Net DEX-7.37B-9.63B-3.99B-4.35B-6.80B
Net VEX-31.5M-34.8M-28.7M-34.8M-28.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.391.181.180.70
Total Volume5,543,374.22,675,1768,339,7727,233,5204,889,948
Total OI50,036,054.643,507,66053,679,75250,334,03245,809,512

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-11-02$6.76$6.7932.1%9.2%31.3%13.1%33.9%5.0%1.3%77.5M-4.35B-34.8M1.183.67N/AN/A3,311,6443,921,87627,812,93222,521,100
2009-11-03$6.74$6.7931.2%8.9%30.3%11.9%32.3%4.7%2.0%64.9M-3.99B-34.6M0.606.60N/AN/A5,055,0083,044,83227,737,44422,650,460
2009-11-04$6.81$6.7930.5%8.7%30.6%11.0%30.7%4.2%1.9%90.6M-4.86B-33.9M0.614.34N/AN/A3,477,1242,136,68027,693,70822,776,208
2009-11-05$6.93$6.7926.5%7.6%31.1%5.7%27.5%3.1%3.7%115.4M-5.77B-32.5M0.534.46N/AN/A2,832,8441,491,22427,605,87222,887,676
2009-11-06$6.94$6.9625.6%8.6%31.0%4.5%30.9%4.3%2.2%119.0M-5.73B-33.2M0.768.59N/AN/A2,352,7001,784,35627,656,77623,036,944
2009-11-09$7.19$6.9627.6%8.6%33.4%7.0%30.8%3.7%2.2%196.4M-8.16B-31.8M0.515.99N/AN/A5,534,6482,805,12427,646,66823,234,484
2009-11-10$7.25$6.9627.3%8.6%33.4%6.7%31.0%3.4%2.4%219.3M-8.48B-32.9M0.647.39N/AN/A4,024,9722,583,47628,212,52023,604,560
2009-11-11$7.26$6.9627.1%8.7%33.3%6.4%30.5%3.0%2.2%221.2M-8.62B-32.2M0.525.97N/AN/A3,925,7682,037,58828,262,64023,710,568
2009-11-12$7.21$6.9630.2%8.7%33.4%10.7%30.3%3.4%2.2%200.1M-7.97B-32.1M0.524.15N/AN/A3,669,0081,909,74028,246,14823,763,740
2009-11-13$7.30$6.9629.6%8.5%33.0%9.8%29.7%3.0%2.5%258.3M-9.01B-31.4M0.535.80N/AN/A2,949,4081,563,77228,936,65623,835,588
2009-11-16$7.38$6.9628.8%8.3%33.0%8.8%30.0%3.8%2.8%278.2M-9.61B-30.8M0.424.74N/AN/A4,832,8842,017,96028,552,80423,851,604
2009-11-17$7.39$6.9628.5%8.2%29.1%8.4%29.6%3.4%2.6%290.2M-9.63B-30.3M0.393.97N/AN/A3,557,6801,374,18428,754,06823,869,888
2009-11-18$7.36$6.9628.8%8.3%27.2%8.7%30.1%3.4%2.4%269.8M-9.30B-30.0M0.613.42N/AN/A3,318,7002,028,57229,117,53623,925,860
2009-11-19$7.16$6.9631.4%9.0%28.8%12.2%31.9%2.6%1.9%151.8M-7.56B-30.5M0.703.86N/AN/A4,283,2722,983,56829,184,51224,236,828
2009-11-20$7.14$6.9630.3%8.7%28.8%10.7%31.1%3.0%2.4%219.0M-7.40B-30.6M0.623.34N/AN/A4,402,6922,708,10429,396,78024,282,972
2009-11-23$7.35$6.9627.8%8.0%30.6%8.6%29.4%3.1%3.1%160.8M-7.88B-30.0M0.485.00N/AN/A3,295,1241,591,66024,356,38819,151,272
2009-11-24$7.30$6.9627.8%8.0%29.2%9.5%28.0%1.9%3.6%166.4M-7.76B-29.6M0.634.56N/AN/A1,864,1561,169,44824,840,98419,482,736
2009-11-25$7.29$6.9628.1%8.1%27.4%9.9%28.6%1.7%3.5%155.2M-7.62B-29.8M0.722.67N/AN/A1,554,3921,120,78425,058,32019,782,756
2009-11-27$7.16$6.9629.8%8.5%27.5%12.8%30.4%1.5%3.1%125.8M-6.87B-29.3M0.584.37N/AN/A2,189,0961,273,46825,297,16019,936,420
2009-11-30$7.14$6.9629.6%8.5%22.8%12.5%30.3%0.7%3.0%127.0M-6.80B-28.7M0.703.05N/AN/A2,877,9242,012,02425,710,35620,099,156