AAPL Options History — December 2010

In December 2010, AAPL traded between $11.30 and $11.62. ATM implied volatility averaged 24.0%, placing in the 17.2% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 7.1% (HV 20d: 16.9%). Max pain ranged from $9.29 to $10.71. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 0.68.

Notable Days

  • 2010-12-07: Highest Volume — 10,844,316 contracts
  • 2010-12-30: Largest IV drop — 41.9% change
  • 2010-12-28: Highest IV Rank — 36.5%
  • 2010-12-31: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.48$11.30$11.62$11.30$11.52
Max Pain$9.98$9.29$10.71$10.71$10.36
ATM IV24.0%17.3%30.7%26.8%19.5%
Expected Move7.6%6.6%9.4%7.6%9.4%
HV 20d16.9%7.2%23.2%23.2%7.2%
HV 60d20.8%18.5%22.1%22.1%18.5%
IV Rank17.2%0.0%36.5%24.9%6.4%
IV Percentile17.9%0.0%67.5%33.3%1.6%
Term Structure4.1%-1.9%8.0%1.8%-1.9%
VWIV27.3%23.5%33.7%27.4%33.7%
Skew 25d2.2%1.2%3.3%3.3%2.6%
Skew 10d4.7%2.6%6.9%6.3%6.1%
Call IV 25d25.9%22.5%32.2%25.8%32.2%
Put IV 25d28.1%24.0%34.8%29.1%34.8%
Bid-Ask Spread %3.061.564.962.921.56
Gamma HHI0.200.140.330.220.15
Net GEX338.7M220.0M501.7M363.9M230.7M
Net DEX-13.47B-14.21B-12.55B-13.09B-12.55B
Net VEX-53.2M-55.3M-50.8M-53.1M-55.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.411.340.570.93
Total Volume5,481,414.9093,348,46410,844,3166,680,0724,037,656
Total OI48,981,171.27344,463,21653,008,20047,123,91650,044,232

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-12-01$11.30$10.7126.8%7.6%23.2%24.9%27.4%3.3%1.8%363.9M-13.09B-53.1M0.572.92N/AN/A4,243,5962,436,47625,544,48421,579,432
2010-12-02$11.36$10.7124.4%7.3%23.0%18.0%26.6%3.3%1.8%434.2M-13.48B-52.4M0.664.01N/AN/A4,001,8722,643,84425,636,26821,810,852
2010-12-03$11.34$10.7121.8%6.9%22.2%10.4%24.7%2.4%2.8%340.9M-13.10B-53.1M0.562.49N/AN/A3,654,7562,049,74026,063,80022,292,844
2010-12-06$11.43$9.2924.2%7.8%22.3%17.3%28.0%1.6%4.9%401.1M-14.06B-52.3M0.651.61N/AN/A4,627,2803,023,46825,735,30421,887,012
2010-12-07$11.36$9.2923.7%7.6%22.4%16.0%28.3%2.1%4.6%391.8M-13.44B-53.1M1.344.96N/AN/A4,634,5046,209,81226,302,16422,456,140
2010-12-08$11.46$9.6422.6%7.5%22.4%12.6%27.5%2.4%5.0%390.2M-13.79B-54.8M0.753.56N/AN/A3,224,1442,426,67626,486,40424,106,068
2010-12-09$11.42$9.6422.8%7.5%22.4%13.3%26.9%2.1%5.2%381.6M-13.31B-55.0M0.524.06N/AN/A2,828,3641,477,86826,679,60424,312,568
2010-12-10$11.45$9.6421.8%7.5%22.3%10.2%27.2%2.7%5.2%501.7M-13.64B-54.8M0.544.56N/AN/A3,596,7121,955,43626,864,32024,548,692
2010-12-13$11.49$9.6425.8%7.8%19.7%22.2%27.9%2.4%4.9%403.6M-14.00B-52.4M0.634.68N/AN/A4,754,7642,987,20826,308,91224,049,984
2010-12-14$11.44$9.6421.0%7.3%19.7%8.0%25.9%2.5%6.1%330.6M-13.32B-52.0M0.414.81N/AN/A3,494,7921,420,04826,612,34824,461,220
2010-12-15$11.44$9.6425.0%7.2%18.3%19.7%25.6%2.3%6.8%335.5M-13.54B-52.5M0.574.44N/AN/A2,387,3921,366,68026,923,87624,863,692
2010-12-16$11.47$9.6424.7%7.1%18.1%19.0%26.9%2.9%7.4%308.7M-13.19B-50.8M0.652.08N/AN/A2,116,6321,384,43225,807,79624,588,004
2010-12-17$11.45$10.0024.6%7.0%16.1%18.5%25.0%1.9%7.4%466.8M-14.21B-52.7M0.722.64N/AN/A3,512,1522,527,95227,405,00025,603,200
2010-12-20$11.51$10.0023.4%6.7%15.8%15.0%23.9%1.7%7.7%226.6M-12.88B-51.7M0.642.64N/AN/A3,875,7042,476,04023,451,17621,012,040
2010-12-21$11.58$10.0023.1%6.6%14.3%14.1%23.5%1.4%8.0%274.1M-13.74B-51.8M0.522.13N/AN/A2,854,0961,492,06424,183,82421,616,252
2010-12-22$11.61$10.0022.9%6.6%12.9%13.6%23.6%1.2%7.3%299.6M-14.03B-51.8M0.662.71N/AN/A2,384,9001,573,01224,499,80421,995,680
2010-12-23$11.56$10.0023.0%6.6%11.5%14.0%24.0%1.5%7.8%272.3M-13.34B-52.5M0.892.60N/AN/A1,947,9321,734,43224,890,51622,369,732
2010-12-27$11.60$10.0030.1%8.6%11.5%34.8%30.6%1.6%-0.2%273.6M-13.42B-53.9M0.721.95N/AN/A4,972,4083,589,26424,839,89222,319,472
2010-12-28$11.62$10.3630.7%8.8%11.4%36.5%31.6%1.4%-1.2%287.4M-13.57B-55.0M0.592.43N/AN/A2,458,9601,457,82025,582,06023,242,744
2010-12-29$11.62$10.3629.7%8.5%8.8%33.5%30.6%2.1%-0.7%317.5M-13.74B-54.4M0.662.48N/AN/A2,055,3681,346,40826,008,08023,297,764
2010-12-30$11.56$10.3617.3%8.8%7.3%0.0%31.1%2.6%-0.9%220.0M-12.83B-54.4M0.711.89N/AN/A1,961,7361,386,72825,853,43623,449,076
2010-12-31$11.52$10.3619.5%9.4%7.2%6.4%33.7%2.6%-1.9%230.7M-12.55B-55.3M0.931.56N/AN/A2,096,4161,941,24026,201,92423,842,308