AAPL Options History — December 2009

In December 2009, AAPL traded between $6.75 and $7.56. ATM implied volatility averaged 30.0%, placing in the 16.8% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 4.7% (HV 20d: 25.3%). Max pain ranged from $5.71 to $6.96. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 0.66.

Notable Days

  • 2009-12-04: Highest Volume — 10,159,968 contracts
  • 2009-12-10: Largest IV spike — 10.7% change
  • 2009-12-17: Highest IV Rank — 22.4%
  • 2009-12-07: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.11$6.75$7.56$7.03$7.53
Max Pain$6.22$5.71$6.96$6.96$6.43
ATM IV30.0%26.2%32.4%31.2%29.9%
Expected Move8.8%7.5%9.8%8.9%8.6%
HV 20d25.3%20.7%27.4%23.6%26.6%
HV 60d26.4%25.3%27.5%25.6%26.6%
IV Rank16.8%9.0%22.4%15.3%17.8%
IV Percentile25.1%4.4%39.3%30.2%27.4%
Term Structure5.5%1.6%9.1%1.9%9.1%
VWIV31.2%26.8%34.5%31.9%31.0%
Skew 25d2.4%-0.3%3.9%1.7%-0.1%
Skew 10d5.0%-1.2%8.4%4.2%-0.5%
Call IV 25d30.0%25.3%33.3%31.3%31.1%
Put IV 25d32.4%28.2%36.5%32.9%30.9%
Bid-Ask Spread %2.971.766.546.541.89
Gamma HHI0.170.130.360.130.20
Net GEX129.9M3.8M288.0M97.1M210.4M
Net DEX-6.72B-10.22B-3.56B-5.98B-10.00B
Net VEX-29.1M-30.1M-27.7M-28.8M-29.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.490.910.730.50
Total Volume6,226,347.2733,723,07610,159,9684,750,2004,519,564
Total OI49,236,588.54543,509,59254,180,89646,435,90048,591,144

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-12-01$7.03$6.9631.2%8.9%23.6%15.3%31.9%1.7%1.9%97.1M-5.98B-28.8M0.736.54N/AN/A2,750,1322,000,06826,033,86820,402,032
2009-12-02$7.01$6.9632.1%9.2%23.6%18.1%32.4%2.0%1.6%94.9M-5.77B-29.8M0.642.71N/AN/A4,735,8923,009,94426,369,53220,659,436
2009-12-03$7.02$6.9630.4%8.7%23.4%15.9%30.8%1.2%2.7%102.9M-5.95B-29.6M0.842.90N/AN/A2,877,7002,419,08826,940,48021,267,512
2009-12-04$6.90$5.7129.8%9.5%23.5%14.7%33.6%2.8%4.9%54.0M-4.92B-29.7M0.733.68N/AN/A5,869,4164,290,55227,037,86421,633,584
2009-12-07$6.75$5.7132.0%9.8%24.8%21.1%34.5%3.1%4.0%3.8M-3.56B-28.7M0.643.06N/AN/A5,140,8563,295,06827,733,10422,082,032
2009-12-08$6.78$5.7130.1%9.6%20.7%16.9%33.9%3.1%4.7%21.1M-3.98B-28.9M0.652.95N/AN/A4,019,4842,619,56828,375,70422,406,580
2009-12-09$7.06$5.8929.3%9.3%25.7%15.1%33.5%3.9%4.8%155.6M-6.84B-30.1M0.553.79N/AN/A5,904,8083,251,50028,808,66822,644,188
2009-12-10$7.02$5.8932.4%9.3%25.8%21.9%33.1%3.3%4.9%117.9M-6.21B-30.0M0.753.06N/AN/A3,750,9082,806,69228,896,36423,005,220
2009-12-11$6.95$5.8931.4%9.0%25.8%19.6%32.5%3.5%5.5%90.8M-5.54B-29.2M0.883.83N/AN/A3,179,6242,782,50029,085,39223,067,492
2009-12-14$7.03$6.0731.1%8.9%25.8%19.5%31.7%3.6%5.7%149.2M-6.47B-27.7M0.654.19N/AN/A4,144,8682,692,73229,189,88823,379,440
2009-12-15$6.93$6.0731.0%8.9%25.7%19.3%31.5%3.6%5.3%86.1M-5.43B-28.8M0.562.59N/AN/A3,188,3881,782,45229,720,40423,532,908
2009-12-16$6.97$6.0730.3%8.7%25.8%18.5%30.8%3.5%5.5%118.6M-5.87B-29.6M0.913.03N/AN/A1,951,7401,771,33630,175,26423,609,796
2009-12-17$6.85$6.0732.0%9.2%26.3%22.4%31.8%3.0%5.0%8.9M-4.69B-28.8M0.682.54N/AN/A3,622,3882,480,21230,311,54023,601,956
2009-12-18$6.98$6.0730.3%8.7%25.9%18.6%31.0%3.9%5.9%288.0M-6.30B-29.2M0.702.71N/AN/A4,150,4402,898,61630,651,23623,529,660
2009-12-21$7.08$6.2528.8%8.3%26.4%15.2%29.9%3.7%6.2%128.7M-6.58B-28.7M0.632.18N/AN/A2,941,7081,840,58024,675,47618,834,116
2009-12-22$7.16$6.2527.6%7.9%24.4%12.5%28.5%3.5%6.9%145.5M-7.14B-29.3M0.601.76N/AN/A2,351,5521,419,29225,144,72819,398,204
2009-12-23$7.22$6.2526.2%7.5%24.5%9.0%26.8%2.9%7.3%159.1M-7.63B-29.2M0.612.55N/AN/A2,425,7801,479,94025,549,80419,720,036
2009-12-24$7.47$6.2527.9%8.0%27.4%13.0%28.8%1.5%6.7%198.9M-9.42B-29.0M0.502.45N/AN/A5,137,1602,575,18825,603,92820,028,008
2009-12-28$7.56$6.4329.1%8.3%26.7%15.9%30.1%0.0%6.9%219.0M-10.22B-28.2M0.492.22N/AN/A5,578,8602,740,75225,972,71620,473,656
2009-12-29$7.47$6.4328.2%8.1%27.1%13.7%28.9%-0.1%8.0%193.6M-9.31B-28.5M0.662.30N/AN/A3,370,1082,232,91626,339,46020,854,036
2009-12-30$7.56$6.4328.7%8.2%26.5%14.9%29.5%-0.3%8.4%213.6M-10.14B-29.1M0.592.36N/AN/A3,123,9881,855,28026,661,18021,207,312
2009-12-31$7.53$6.4329.9%8.6%26.6%17.8%31.0%-0.1%9.1%210.4M-10.00B-29.8M0.501.89N/AN/A3,011,0641,508,50027,192,73221,398,412