AAPL Options History — September 2011

In September 2011, AAPL traded between $13.36 and $14.77. ATM implied volatility averaged 33.5%, placing in the 41.3% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 4.8% (HV 20d: 28.8%). Max pain ranged from $12.86 to $13.93. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.68.

Notable Days

  • 2011-09-09: Highest Volume — 18,609,332 contracts
  • 2011-09-15: Largest IV spike — 41.5% change
  • 2011-09-30: Highest IV Rank — 72.0%
  • 2011-09-30: Largest Expected Move — 14.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.02$13.36$14.77$13.61$13.62
Max Pain$13.61$12.86$13.93$13.93$13.75
ATM IV33.5%21.3%47.6%27.4%47.6%
Expected Move10.3%8.1%14.1%8.1%14.1%
HV 20d28.8%21.2%43.9%43.5%23.7%
HV 60d32.0%31.4%32.7%32.4%32.2%
IV Rank41.3%14.5%72.0%27.8%72.0%
IV Percentile80.9%20.2%99.6%69.0%99.6%
Term Structure0.0%-3.3%5.4%4.3%-3.3%
VWIV36.4%27.9%48.7%27.9%48.7%
Skew 25d6.0%3.2%8.5%6.9%5.7%
Skew 10d11.0%6.7%15.5%13.9%10.2%
Call IV 25d33.5%25.0%46.2%25.0%46.2%
Put IV 25d39.4%31.9%51.8%31.9%51.8%
Bid-Ask Spread %12.145.6034.865.606.66
Gamma HHI0.080.050.210.060.06
Net GEX379.1M-71.7M833.4M121.8M262.3M
Net DEX-15.35B-24.07B-7.05B-10.45B-10.49B
Net VEX-109.7M-117.6M-102.7M-104.5M-117.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.520.990.730.66
Total Volume11,705,7765,669,88818,609,3328,515,47210,940,832
Total OI59,358,929.33351,636,64865,547,13259,471,41261,383,448

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-09-01$13.61$13.9327.4%8.1%43.5%27.8%27.9%6.9%4.3%121.8M-10.45B-104.5M0.735.60N/AN/A4,928,0003,587,47234,243,55225,227,860
2011-09-02$13.36$13.9326.8%8.5%43.9%26.5%30.1%6.3%5.4%-71.7M-7.05B-104.6M0.729.89N/AN/A6,611,1084,737,46034,765,69625,703,720
2011-09-06$13.56$12.8634.6%10.3%38.7%43.5%36.0%6.1%-0.2%190.2M-10.44B-104.9M0.6515.53N/AN/A5,269,6283,441,22834,022,96824,565,492
2011-09-07$13.71$13.0427.2%9.5%33.3%27.5%33.4%6.1%0.3%280.4M-12.44B-103.8M0.7311.83N/AN/A4,042,6122,937,98434,586,60825,088,112
2011-09-08$13.72$13.0427.0%9.5%31.5%26.8%33.2%6.3%0.1%284.8M-12.52B-102.7M0.6415.01N/AN/A4,993,0723,218,76834,974,66025,336,948
2011-09-09$13.48$13.0432.6%10.7%30.9%39.2%35.6%7.7%-0.4%133.2M-8.63B-104.0M0.9911.24N/AN/A9,338,5889,270,74435,334,32025,598,300
2011-09-12$13.57$13.5728.4%10.7%30.8%30.1%37.8%8.5%-0.3%177.0M-10.11B-107.9M0.635.83N/AN/A7,100,2404,475,10036,502,22826,053,944
2011-09-13$13.74$13.5723.3%9.6%30.5%18.9%34.2%7.6%0.8%313.9M-12.73B-107.1M0.848.71N/AN/A4,862,0324,086,43236,530,17226,198,732
2011-09-14$13.90$13.7521.3%9.1%30.7%14.5%32.2%6.6%1.1%383.6M-15.08B-107.2M0.7917.38N/AN/A5,083,5124,015,17236,778,02826,967,696
2011-09-15$14.03$13.7530.1%8.6%30.8%33.8%30.6%5.9%1.2%448.8M-17.21B-106.0M0.628.87N/AN/A5,986,3163,695,32836,952,97227,187,916
2011-09-16$14.30$13.7529.2%8.4%27.4%31.8%29.9%5.5%1.1%833.4M-23.03B-106.8M0.528.51N/AN/A9,976,4005,144,16037,818,59227,728,540
2011-09-19$14.70$13.7530.7%8.8%25.8%35.1%32.3%4.0%0.7%654.7M-23.08B-107.1M0.539.66N/AN/A10,514,1125,592,60831,034,66820,601,980
2011-09-20$14.77$13.7532.4%9.3%25.7%38.7%33.1%3.2%-0.1%708.8M-24.07B-108.6M0.5212.03N/AN/A11,250,3725,798,57632,368,95221,597,128
2011-09-21$14.72$13.7535.9%10.3%21.2%46.4%36.4%3.8%-0.5%580.1M-22.42B-112.0M0.6511.89N/AN/A7,600,0684,905,79632,787,10422,498,392
2011-09-22$14.35$13.7541.1%11.8%23.8%57.9%41.8%5.4%-1.2%353.7M-17.48B-116.4M0.6813.93N/AN/A10,670,1567,301,39233,466,24423,152,220
2011-09-23$14.44$13.7538.7%11.1%23.5%52.5%39.4%5.6%-0.5%680.7M-18.78B-116.9M0.6813.63N/AN/A7,047,3204,799,81634,697,57223,704,912
2011-09-26$14.40$13.7540.4%11.6%22.1%56.2%41.3%5.6%-1.1%457.7M-18.51B-115.0M0.5711.86N/AN/A7,795,0604,423,94433,102,91622,298,864
2011-09-27$14.26$13.7540.6%11.6%21.8%56.8%40.8%6.1%-1.0%473.8M-17.50B-116.0M0.5612.27N/AN/A6,542,3123,684,10034,317,38823,147,236
2011-09-28$14.18$13.7542.8%12.3%22.0%61.6%43.3%6.7%-2.3%423.6M-16.50B-117.2M0.939.76N/AN/A2,931,8802,738,00835,130,11623,634,044
2011-09-29$13.95$13.7546.3%13.3%22.3%69.2%46.1%5.8%-3.3%269.6M-13.82B-117.4M0.6334.86N/AN/A8,876,1125,607,47635,523,93623,923,340
2011-09-30$13.62$13.7547.6%14.1%23.7%72.0%48.7%5.7%-3.3%262.3M-10.49B-117.6M0.666.66N/AN/A6,580,3084,360,52436,831,17224,552,276