AAPL Options History — February 2010

In February 2010, AAPL traded between $6.86 and $7.31. ATM implied volatility averaged 28.9%, placing in the 17.9% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded below realized volatility by 7.1% (HV 20d: 36.0%). Max pain ranged from $6.96 to $7.14. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 19 of 19 days. Put/call ratio averaged 0.86.

Notable Days

  • 2010-02-01: Highest Volume — 6,759,172 contracts
  • 2010-02-04: Largest IV spike — 18.0% change
  • 2010-02-04: Highest IV Rank — 29.7%
  • 2010-02-08: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.10$6.86$7.31$6.95$7.31
Max Pain$7.02$6.96$7.14$7.14$7.14
ATM IV28.9%24.8%33.8%33.3%24.8%
Expected Move8.5%7.1%9.9%9.5%7.1%
HV 20d36.0%26.4%40.1%36.9%26.4%
HV 60d29.7%29.0%30.5%29.5%29.3%
IV Rank17.9%8.1%29.7%28.5%8.1%
IV Percentile24.4%2.8%54.8%52.0%2.8%
Term Structure2.4%1.3%3.6%1.6%3.2%
VWIV30.2%24.9%34.8%34.1%24.9%
Skew 25d3.7%2.2%5.4%3.4%2.2%
Skew 10d7.3%5.3%10.3%6.5%5.3%
Call IV 25d28.3%23.5%32.4%32.3%23.5%
Put IV 25d31.9%25.7%37.8%35.7%25.7%
Bid-Ask Spread %3.402.284.772.913.29
Gamma HHI0.120.100.170.100.14
Net GEX30.5M-61.9M152.2M-16.8M93.3M
Net DEX-1.90B-3.60B231.6M-492.1M-3.36B
Net VEX-34.9M-38.0M-32.6M-37.5M-33.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.611.540.700.88
Total Volume5,211,651.7893,326,2326,759,1726,759,1725,000,184
Total OI40,560,639.36829,809,83644,905,61641,944,36433,434,828

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-02-01$6.95$7.1433.3%9.5%36.9%28.5%34.1%3.4%1.6%-16.8M-492.1M-37.5M0.702.91N/AN/A3,967,0962,792,07623,967,80417,976,560
2010-02-02$6.99$7.1430.3%8.7%36.4%21.3%31.0%3.0%2.7%-9.2M-843.2M-37.3M0.662.75N/AN/A2,712,1921,786,09224,189,03218,130,336
2010-02-03$7.12$7.1428.6%8.2%37.2%17.3%29.7%3.2%3.6%35.8M-1.83B-38.0M0.612.28N/AN/A3,720,3042,262,79224,183,88018,288,676
2010-02-04$6.86$7.1433.8%9.7%38.8%29.7%33.4%4.2%2.0%-56.2M231.6M-36.5M0.783.01N/AN/A3,699,7242,892,87624,286,36018,483,136
2010-02-05$6.98$6.9630.6%9.8%39.6%22.0%34.8%5.3%1.4%-24.2M-690.1M-37.7M1.034.77N/AN/A2,952,4323,052,98024,485,58018,815,692
2010-02-08$6.93$6.9631.2%9.9%39.4%23.5%34.6%5.4%1.3%-56.1M-297.5M-36.3M0.644.36N/AN/A2,210,2921,410,10824,553,17219,050,892
2010-02-09$7.01$6.9628.4%9.4%39.7%16.9%33.0%5.0%1.5%-30.3M-934.3M-35.8M0.773.60N/AN/A3,031,6722,330,58024,748,50019,073,544
2010-02-10$6.97$6.9626.9%9.2%39.6%13.2%32.3%5.0%1.8%-61.9M-587.4M-35.0M1.073.91N/AN/A1,605,4361,720,79624,743,96419,056,688
2010-02-11$7.10$6.9630.2%8.7%39.9%21.0%31.5%4.7%2.2%39.5M-2.05B-35.5M0.823.69N/AN/A3,380,1882,755,42424,920,81219,159,896
2010-02-12$7.16$6.9629.8%8.5%40.0%20.1%30.2%4.0%2.6%72.8M-2.58B-35.0M0.814.24N/AN/A3,331,9442,705,50024,964,43619,152,504
2010-02-16$7.26$6.9629.4%8.4%40.1%19.3%31.0%3.8%2.5%152.2M-3.60B-33.7M1.543.50N/AN/A2,458,8483,791,39625,035,75219,225,220
2010-02-17$7.23$6.9628.6%8.2%36.6%17.3%29.6%3.3%2.5%106.3M-3.26B-33.4M1.133.55N/AN/A2,838,3043,214,45624,935,40019,847,156
2010-02-18$7.25$6.9628.2%8.1%36.3%16.4%28.5%3.1%2.6%90.3M-3.51B-33.1M0.913.36N/AN/A2,290,4002,076,98424,911,93619,978,112
2010-02-19$7.20$6.9628.0%8.0%35.9%15.7%28.3%2.9%2.6%80.0M-3.25B-33.2M0.853.71N/AN/A2,484,1882,120,88824,868,25620,037,360
2010-02-22$7.16$6.9627.5%7.9%30.9%14.7%28.0%2.8%3.2%43.2M-2.34B-32.7M0.772.35N/AN/A2,613,8562,002,98016,718,74413,091,092
2010-02-23$7.04$6.9627.5%7.9%29.9%14.5%27.6%3.0%3.2%18.6M-1.68B-32.6M0.913.18N/AN/A2,557,8562,338,11217,483,62013,745,508
2010-02-24$7.17$6.9625.6%7.3%30.2%10.1%26.0%2.9%3.2%44.4M-2.41B-33.2M0.703.22N/AN/A2,439,8921,712,95617,768,04414,440,804
2010-02-25$7.21$7.1425.7%7.4%30.1%10.3%26.1%2.7%2.9%58.3M-2.69B-33.9M0.742.86N/AN/A2,735,0402,024,54018,129,30014,769,552
2010-02-26$7.31$7.1424.8%7.1%26.4%8.1%24.9%2.2%3.2%93.3M-3.36B-33.6M0.883.29N/AN/A2,658,3202,341,86418,384,49215,050,336