AAPL Options History — March 2010

In March 2010, AAPL traded between $7.46 and $8.42. ATM implied volatility averaged 25.4%, placing in the 12.5% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 5.4% (HV 20d: 20.0%). Max pain ranged from $6.96 to $7.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 23 of 23 days. Put/call ratio averaged 0.67.

Notable Days

  • 2010-03-05: Highest Volume — 13,278,888 contracts
  • 2010-03-11: Largest IV spike — 12.1% change
  • 2010-03-15: Highest IV Rank — 21.8%
  • 2010-03-09: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.98$7.46$8.42$7.46$8.39
Max Pain$7.24$6.96$7.50$7.14$7.50
ATM IV25.4%22.1%28.1%24.0%25.9%
Expected Move7.5%6.3%8.2%6.9%7.4%
HV 20d20.0%17.8%23.0%23.0%18.9%
HV 60d28.5%27.5%29.7%29.4%27.5%
IV Rank12.5%1.7%21.8%6.3%14.8%
IV Percentile9.0%0.4%25.4%1.2%11.5%
Term Structure3.8%1.8%5.6%2.8%5.2%
VWIV26.6%23.0%28.9%25.1%26.1%
Skew 25d1.8%1.2%2.6%2.5%1.7%
Skew 10d3.7%2.6%5.5%4.4%3.9%
Call IV 25d25.6%21.5%27.7%23.4%25.4%
Put IV 25d27.5%24.1%29.7%25.9%27.2%
Bid-Ask Spread %2.511.863.852.741.86
Gamma HHI0.200.170.220.180.19
Net GEX211.0M135.2M259.6M152.6M230.5M
Net DEX-6.70B-8.22B-4.21B-4.45B-7.76B
Net VEX-35.1M-37.1M-32.6M-33.1M-37.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.481.060.800.61
Total Volume5,698,685.3913,048,72413,278,8885,632,8163,636,052
Total OI35,862,486.43530,188,56440,194,78434,035,70835,660,492

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-03-01$7.46$7.1424.0%6.9%23.0%6.3%25.1%2.5%2.8%152.6M-4.45B-33.1M0.802.74N/AN/A3,122,4202,510,39618,611,99215,423,716
2010-03-02$7.46$7.1424.0%6.9%22.8%6.2%25.0%2.4%3.3%135.2M-4.21B-33.5M0.652.86N/AN/A2,594,2281,673,47618,828,60015,849,120
2010-03-03$7.48$7.1422.7%6.5%22.8%3.1%23.6%2.3%3.6%155.7M-4.35B-33.1M1.062.74N/AN/A1,477,1121,571,61219,016,53616,041,256
2010-03-04$7.53$7.1422.1%6.3%22.2%1.7%23.0%2.6%3.6%170.7M-4.67B-32.6M0.982.00N/AN/A1,638,3921,603,28019,087,68416,228,940
2010-03-05$7.82$6.9623.6%7.7%20.4%5.3%27.4%1.8%2.7%239.5M-6.68B-33.2M0.552.89N/AN/A8,574,9164,703,97219,073,37616,301,572
2010-03-08$7.82$7.1423.9%7.8%20.1%5.9%27.9%2.1%2.3%233.0M-6.48B-33.7M0.812.32N/AN/A3,169,3202,568,04819,669,88816,934,764
2010-03-09$7.96$7.1425.3%8.2%20.0%9.2%28.9%1.9%1.8%243.2M-7.51B-34.4M0.482.66N/AN/A7,545,8883,656,01620,108,76017,186,652
2010-03-10$8.03$7.1424.4%8.1%19.9%8.8%28.5%1.8%2.1%253.2M-7.92B-35.8M0.672.63N/AN/A3,728,9562,502,24820,609,98817,432,324
2010-03-11$8.05$7.1427.3%7.8%19.5%19.5%28.1%1.6%3.1%236.4M-7.82B-36.3M0.612.76N/AN/A3,030,0761,856,56820,563,62017,654,672
2010-03-12$8.09$7.1426.5%7.6%19.1%16.6%27.2%1.5%3.8%259.6M-8.22B-35.4M0.522.69N/AN/A3,623,2561,901,50820,819,96017,781,848
2010-03-15$7.99$7.1428.1%8.0%20.2%21.8%28.3%1.4%2.5%223.8M-7.36B-35.4M0.732.91N/AN/A3,836,4762,789,22020,878,17217,946,320
2010-03-16$8.02$7.1427.1%7.8%19.9%18.6%27.2%1.7%3.3%243.4M-7.57B-35.5M0.892.29N/AN/A2,580,0322,291,91221,264,48818,174,352
2010-03-17$8.00$7.1427.1%7.8%19.7%18.7%27.2%1.6%3.7%218.1M-7.28B-34.2M0.752.77N/AN/A2,625,9241,959,63620,874,64418,544,456
2010-03-18$8.02$7.1426.2%7.5%19.7%15.7%26.4%1.7%4.1%208.0M-7.45B-35.2M0.632.69N/AN/A2,264,1921,426,29221,131,23618,737,376
2010-03-19$7.94$7.1426.6%7.6%20.1%17.0%27.1%1.6%3.6%190.1M-6.58B-35.6M0.633.85N/AN/A3,048,7241,929,56421,323,68018,871,104
2010-03-22$8.03$7.1426.0%7.5%19.8%15.2%26.4%1.8%5.0%182.7M-5.79B-35.1M0.601.91N/AN/A3,312,9322,003,17617,651,34012,537,224
2010-03-23$8.16$7.5025.5%7.3%18.2%13.5%26.2%1.3%4.5%195.9M-6.52B-35.9M0.521.97N/AN/A3,330,6001,735,86018,249,58812,984,608
2010-03-24$8.19$7.5026.2%7.5%17.8%15.7%26.9%1.5%4.5%196.0M-6.68B-36.4M0.582.58N/AN/A3,269,8961,907,69618,496,99613,353,592
2010-03-25$8.09$7.5026.2%7.5%19.0%15.6%26.7%1.2%5.3%191.2M-6.23B-36.6M0.562.26N/AN/A3,556,3361,983,88418,865,42013,667,360
2010-03-26$8.25$7.5025.4%7.3%19.3%13.2%25.9%1.3%5.6%223.9M-7.09B-36.9M0.501.93N/AN/A3,905,5521,958,57219,383,84013,832,504
2010-03-29$8.30$7.5026.2%7.5%18.5%15.8%26.7%1.7%5.3%228.9M-7.41B-36.6M0.752.26N/AN/A2,820,0762,126,06819,504,71614,503,160
2010-03-30$8.42$7.5024.4%7.0%18.7%10.0%25.8%2.6%5.5%240.4M-8.05B-36.9M0.612.05N/AN/A4,805,9762,913,42819,862,38815,312,864
2010-03-31$8.39$7.5025.9%7.4%18.9%14.8%26.1%1.7%5.2%230.5M-7.76B-37.1M0.611.86N/AN/A2,263,0721,372,98020,079,50015,580,992