AAPL Options History — September 2010

In September 2010, AAPL traded between $8.94 and $10.44. ATM implied volatility averaged 26.9%, placing in the 25.3% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 5.6% (HV 20d: 21.3%). Max pain ranged from $8.57 to $9.64. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.64.

Notable Days

  • 2010-09-23: Highest Volume — 13,014,988 contracts
  • 2010-09-07: Largest IV spike — 35.5% change
  • 2010-09-28: Highest IV Rank — 43.4%
  • 2010-09-30: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.78$8.94$10.44$8.94$10.13
Max Pain$9.06$8.57$9.64$8.93$9.64
ATM IV26.9%19.9%33.1%25.9%30.3%
Expected Move7.6%6.6%8.3%6.9%8.3%
HV 20d21.3%16.6%26.0%23.2%18.9%
HV 60d23.9%21.2%25.6%25.6%21.2%
IV Rank25.3%4.8%43.4%22.3%35.3%
IV Percentile30.7%1.2%74.6%17.5%60.3%
Term Structure5.0%3.9%6.9%4.4%4.6%
VWIV27.8%23.9%32.4%24.9%29.1%
Skew 25d3.1%1.2%4.2%2.8%2.5%
Skew 10d7.3%4.5%10.7%6.0%6.4%
Call IV 25d25.8%21.9%28.7%23.5%28.1%
Put IV 25d28.9%25.3%31.3%26.4%30.6%
Bid-Ask Spread %2.621.953.762.512.23
Gamma HHI0.200.150.350.170.19
Net GEX270.6M176.5M388.2M182.6M176.5M
Net DEX-9.06B-12.08B-5.05B-5.05B-8.95B
Net VEX-42.3M-46.7M-39.6M-42.4M-46.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.380.890.690.63
Total Volume7,894,558.6674,531,04413,014,98810,069,6409,750,916
Total OI40,424,986.66734,576,97644,207,74439,840,47244,207,744

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-09-01$8.94$8.9325.9%6.9%23.2%22.3%24.9%2.8%4.4%182.6M-5.05B-42.4M0.692.51N/AN/A5,952,9404,116,70021,989,94017,850,532
2010-09-02$9.01$8.9323.0%6.6%23.4%13.8%23.9%3.5%4.3%197.5M-5.36B-42.2M0.811.97N/AN/A2,759,4562,229,72422,218,86818,067,812
2010-09-03$9.24$8.5719.9%7.3%25.3%4.8%26.5%3.5%6.9%238.4M-7.18B-42.1M0.632.44N/AN/A5,187,2803,287,73222,469,38418,527,572
2010-09-07$9.21$8.5727.0%7.7%25.2%25.5%27.6%3.7%6.0%249.5M-6.44B-41.6M0.722.57N/AN/A2,634,8281,896,21621,978,26417,823,008
2010-09-08$9.39$8.5723.6%7.8%26.0%15.7%27.8%3.4%5.4%323.1M-7.97B-40.9M0.712.27N/AN/A4,420,7803,158,48422,344,11218,134,172
2010-09-09$9.40$8.9326.7%7.7%22.1%24.8%27.2%3.9%5.6%279.7M-7.78B-41.0M0.652.76N/AN/A4,550,5042,962,45622,314,71218,506,040
2010-09-10$9.41$8.9326.3%7.5%22.0%23.5%26.5%3.5%5.4%260.0M-7.72B-40.6M0.762.30N/AN/A2,651,5162,016,30822,417,24818,734,548
2010-09-13$9.54$8.9325.4%7.3%21.8%20.9%26.7%2.9%5.3%318.4M-8.62B-39.9M0.602.06N/AN/A3,391,5562,034,76022,076,54418,412,604
2010-09-14$9.57$8.9325.0%7.2%21.5%19.8%26.1%3.1%5.4%340.1M-8.76B-40.0M0.582.09N/AN/A3,265,3321,903,91622,347,89218,623,136
2010-09-15$9.65$8.9325.6%7.3%21.0%21.4%26.2%2.9%5.3%388.2M-9.53B-39.6M0.691.95N/AN/A3,565,9402,442,91622,408,68018,808,300
2010-09-16$9.88$8.9327.0%7.7%22.1%25.4%28.1%2.7%3.9%341.9M-11.23B-40.2M0.612.30N/AN/A6,251,3083,836,08422,620,41619,232,696
2010-09-17$9.83$8.9326.4%7.6%21.5%23.8%27.4%2.4%4.5%218.6M-10.80B-40.2M0.573.25N/AN/A5,248,6282,980,18022,984,41619,761,112
2010-09-20$10.12$8.9326.6%7.6%22.9%24.4%27.4%3.2%4.2%258.1M-9.92B-40.0M0.432.79N/AN/A7,286,5803,163,83219,625,17214,951,804
2010-09-21$10.13$9.2926.9%7.7%21.5%25.4%32.4%3.3%4.4%261.4M-10.08B-42.6M0.623.76N/AN/A2,832,3121,764,42020,685,02815,807,176
2010-09-22$10.28$9.2926.3%7.5%18.1%23.5%27.4%4.2%5.3%294.4M-10.75B-43.8M0.383.29N/AN/A5,560,4922,092,38421,121,60416,579,724
2010-09-23$10.32$9.2927.6%7.9%18.1%27.4%29.9%2.2%5.1%336.2M-10.98B-43.7M0.533.20N/AN/A8,527,5404,487,44821,599,11617,047,996
2010-09-24$10.44$9.2929.5%8.1%16.6%33.0%29.2%1.2%4.9%273.4M-12.08B-45.1M0.632.66N/AN/A6,813,4644,304,27222,813,61618,149,432
2010-09-27$10.40$9.2932.0%8.0%17.3%40.2%28.5%2.7%4.5%292.0M-11.30B-44.5M0.583.09N/AN/A5,673,9203,262,86822,567,88817,585,232
2010-09-28$10.24$9.6433.1%8.0%19.2%43.4%30.0%3.4%4.6%219.7M-9.73B-45.4M0.843.12N/AN/A6,696,6205,598,01223,370,20018,397,652
2010-09-29$10.26$9.6430.5%8.1%19.2%35.9%30.9%3.6%4.4%233.1M-10.03B-46.7M0.892.33N/AN/A2,767,7722,457,33624,245,53619,517,792
2010-09-30$10.13$9.6430.3%8.3%18.9%35.3%29.1%2.5%4.6%176.5M-8.95B-46.1M0.632.23N/AN/A5,996,7323,754,18424,396,82019,810,924