AAPL Options History — August 2011

In August 2011, AAPL traded between $12.61 and $14.17. ATM implied volatility averaged 35.3%, placing in the 51.2% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded below realized volatility by 3.3% (HV 20d: 38.6%). Max pain ranged from $12.86 to $14.11. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 20 of 23 days. Put/call ratio averaged 0.70.

Notable Days

  • 2011-08-05: Highest Volume — 18,824,400 contracts
  • 2011-08-08: Largest IV spike — 57.2% change
  • 2011-08-04: Highest IV Rank — 100.0%
  • 2011-08-19: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.46$12.61$14.17$14.17$13.74
Max Pain$13.77$12.86$14.11$12.86$13.93
ATM IV35.3%27.2%60.4%29.5%31.8%
Expected Move9.5%7.5%12.3%7.9%8.2%
HV 20d38.6%20.9%46.1%20.9%45.6%
HV 60d29.2%22.2%32.7%22.2%32.3%
IV Rank51.2%29.9%100.0%54.6%37.4%
IV Percentile90.2%70.2%100.0%83.3%89.3%
Term Structure2.3%-2.1%4.8%0.3%4.0%
VWIV33.4%27.0%42.2%27.6%28.7%
Skew 25d7.3%2.9%13.0%3.0%6.2%
Skew 10d15.1%5.7%27.4%5.7%13.1%
Call IV 25d29.8%24.3%37.8%26.1%25.9%
Put IV 25d37.2%28.2%49.9%29.2%32.0%
Bid-Ask Spread %13.323.9153.373.919.32
Gamma HHI0.060.040.150.060.06
Net GEX270.6M-60.1M469.8M469.8M241.1M
Net DEX-10.76B-19.89B-1.13B-19.89B-12.28B
Net VEX-105.7M-110.6M-99.3M-103.4M-106.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.510.950.550.61
Total Volume11,844,394.4358,225,72818,824,40010,429,30010,692,836
Total OI59,453,306.95750,769,65665,372,49656,808,50058,225,020

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-08-01$14.17$12.8629.5%7.9%20.9%54.6%27.6%3.0%0.3%469.8M-19.89B-103.4M0.553.91N/AN/A6,736,6883,692,61232,120,25624,688,244
2011-08-02$13.89$13.0432.6%8.1%22.6%66.0%28.8%3.0%0.2%360.0M-16.08B-105.6M0.584.14N/AN/A5,816,8323,355,38033,115,62825,436,180
2011-08-03$14.02$13.0427.2%7.5%22.6%46.2%27.0%2.9%1.0%451.1M-18.04B-104.0M0.517.08N/AN/A6,554,4083,321,92033,797,54025,994,332
2011-08-04$13.48$13.0442.0%10.3%27.4%100.0%36.5%5.3%-2.1%138.8M-10.02B-110.1M0.9510.98N/AN/A6,768,7206,451,59234,169,15626,577,824
2011-08-05$13.34$14.1138.4%9.9%27.7%86.7%34.6%7.6%2.3%218.5M-8.25B-110.2M0.8420.98N/AN/A10,204,4608,619,94035,104,24427,106,184
2011-08-08$12.61$14.1160.4%12.2%34.1%100.0%40.8%11.5%-0.3%100.9M-2.57B-106.8M0.5320.34N/AN/A9,398,5924,989,76833,990,18025,841,928
2011-08-09$13.36$14.1140.3%9.9%39.7%56.1%36.6%8.7%2.6%298.9M-10.12B-110.6M0.7028.18N/AN/A7,354,9845,167,37235,114,74426,451,404
2011-08-10$12.99$13.9344.5%12.1%41.0%65.1%41.9%11.0%0.5%187.4M-5.81B-110.5M0.8233.92N/AN/A7,623,3646,252,12035,538,66426,736,444
2011-08-11$13.35$13.9335.8%10.3%42.0%46.1%36.6%9.9%2.4%392.1M-10.26B-110.1M0.6853.37N/AN/A6,547,2404,423,52436,466,13627,329,904
2011-08-12$13.46$13.9334.0%9.8%41.6%42.3%33.6%8.7%2.7%356.5M-12.10B-108.6M0.8112.07N/AN/A6,586,3005,319,88836,471,65227,735,232
2011-08-15$13.69$13.9329.8%8.5%41.1%33.0%30.5%6.1%3.6%444.5M-15.21B-104.8M0.6410.63N/AN/A5,428,6683,459,42835,531,94426,759,040
2011-08-16$13.59$13.9330.3%8.7%41.2%34.1%30.6%5.9%3.2%353.6M-13.46B-104.2M0.527.40N/AN/A5,444,7122,820,72035,788,81627,057,184
2011-08-17$13.59$13.9328.3%8.1%40.0%29.9%28.4%5.1%4.2%346.6M-13.35B-101.5M0.5913.83N/AN/A5,162,2483,063,48035,940,01627,288,436
2011-08-18$13.07$13.9337.9%10.9%42.2%50.8%38.1%11.5%1.8%98.4M-5.72B-102.6M0.7712.46N/AN/A9,090,9286,998,85236,102,30427,428,576
2011-08-19$12.72$13.9342.9%12.3%42.5%61.8%42.2%13.0%-0.2%-60.1M-1.13B-100.6M0.876.74N/AN/A9,545,9288,348,64837,156,95228,215,544
2011-08-22$12.73$13.9339.8%11.4%42.0%54.9%38.9%10.6%1.1%61.1M-2.85B-99.3M0.625.36N/AN/A5,325,9923,284,68029,361,10821,408,548
2011-08-23$13.34$13.7531.9%9.2%45.6%37.8%33.5%7.0%3.6%252.2M-8.62B-103.2M0.749.65N/AN/A5,993,7644,460,03630,283,56822,082,116
2011-08-24$13.43$13.7531.6%9.1%44.9%37.0%32.2%7.2%3.8%305.8M-9.59B-104.9M0.736.52N/AN/A5,722,7244,160,01631,210,28422,902,292
2011-08-25$13.35$13.7533.1%9.5%44.9%40.2%33.9%7.9%3.2%260.1M-8.56B-104.8M0.896.25N/AN/A7,640,3886,832,86831,725,93223,379,664
2011-08-26$13.70$13.9329.8%8.3%46.1%33.0%31.1%6.4%4.8%230.8M-13.32B-107.1M0.778.60N/AN/A9,097,1447,049,70032,561,87224,519,600
2011-08-29$13.93$13.9330.7%7.8%46.1%35.0%28.2%4.9%4.5%365.4M-15.20B-106.3M0.726.92N/AN/A4,932,5083,535,95232,196,27623,547,384
2011-08-30$13.93$13.9328.7%7.6%45.5%30.6%27.3%5.1%4.7%350.2M-15.00B-104.6M0.667.79N/AN/A5,509,2243,633,92432,745,10424,222,604
2011-08-31$13.74$13.9331.8%8.2%45.6%37.4%28.7%6.2%4.0%241.1M-12.28B-106.7M0.619.32N/AN/A6,648,5164,044,32033,498,30424,726,716