AAPL Options History — October 2011

In October 2011, AAPL traded between $13.21 and $15.08. ATM implied volatility averaged 35.6%, placing in the 45.8% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 3.5% (HV 20d: 32.1%). Max pain ranged from $13.57 to $14.29. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.63.

Notable Days

  • 2011-10-04: Highest Volume — 26,193,328 contracts
  • 2011-10-12: Largest IV spike — 29.9% change
  • 2011-10-03: Highest IV Rank — 98.2%
  • 2011-10-04: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.19$13.21$15.08$13.38$14.46
Max Pain$13.97$13.57$14.29$13.75$14.29
ATM IV35.6%22.4%59.6%59.6%25.9%
Expected Move10.6%7.0%15.9%15.8%7.5%
HV 20d32.1%23.0%39.0%23.6%36.7%
HV 60d34.5%32.2%36.5%32.4%35.2%
IV Rank45.8%16.9%98.2%98.2%24.5%
IV Percentile80.5%28.6%99.6%99.6%52.8%
Term Structure-1.0%-5.8%2.2%-5.6%1.8%
VWIV37.1%24.8%54.7%54.7%26.6%
Skew 25d4.9%1.5%7.9%5.4%4.8%
Skew 10d8.6%2.3%13.1%10.1%8.7%
Call IV 25d34.7%22.5%52.5%52.0%24.1%
Put IV 25d39.5%26.9%57.7%57.4%28.9%
Bid-Ask Spread %10.713.7934.5610.907.22
Gamma HHI0.080.050.290.060.06
Net GEX521.1M-200.8M1.10B277.5M406.1M
Net DEX-17.47B-34.33B-7.45B-9.31B-15.40B
Net VEX-110.3M-117.5M-102.8M-116.6M-102.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.450.890.500.61
Total Volume12,140,129.3336,423,11626,193,3287,144,2566,737,248
Total OI63,241,702.66751,098,68471,170,56860,353,52453,172,196

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-10-03$13.38$13.7559.6%15.8%23.6%98.2%54.7%5.4%-5.6%277.5M-9.31B-116.6M0.5010.90N/AN/A4,762,8842,381,37236,356,71223,996,812
2011-10-04$13.30$13.7551.1%15.9%23.0%79.7%54.4%5.3%-5.8%252.0M-8.60B-115.3M0.4534.56N/AN/A18,048,2688,145,06037,059,98824,415,580
2011-10-05$13.51$13.7538.0%13.7%23.3%50.9%48.8%7.9%-3.6%456.3M-11.66B-117.5M0.627.73N/AN/A7,549,5844,693,50040,136,85224,957,352
2011-10-06$13.48$13.5740.2%13.7%23.3%55.9%46.8%6.6%-4.5%425.9M-11.14B-116.4M0.697.33N/AN/A4,207,1402,913,40040,541,92825,195,408
2011-10-07$13.21$13.5736.0%12.6%23.6%46.7%43.3%6.4%-1.7%109.5M-7.45B-113.6M0.797.42N/AN/A7,131,2085,619,90841,714,65225,929,288
2011-10-10$13.89$13.5735.1%11.8%29.7%44.8%41.0%5.9%-1.4%551.6M-16.40B-115.9M0.548.21N/AN/A5,299,7562,851,60439,881,74425,102,756
2011-10-11$14.30$13.5735.8%11.3%31.1%46.3%39.5%5.2%-1.1%764.8M-22.74B-117.3M0.548.54N/AN/A8,718,6404,669,58840,762,20425,699,716
2011-10-12$14.36$13.5746.6%11.0%30.9%69.7%38.3%4.1%-1.3%808.1M-23.52B-115.3M0.639.76N/AN/A6,983,7884,422,01241,183,68826,067,048
2011-10-13$14.59$13.7537.5%10.8%31.2%50.0%38.1%3.9%-1.3%910.4M-25.99B-113.5M0.628.66N/AN/A5,378,8563,308,56441,068,86026,673,024
2011-10-14$15.07$13.7537.1%10.6%32.5%49.0%37.5%2.1%-1.3%993.1M-34.33B-109.6M0.4811.40N/AN/A13,299,4126,360,67641,402,08827,061,748
2011-10-17$15.00$13.9341.1%11.8%31.3%57.9%41.3%1.5%-2.8%895.1M-31.21B-112.8M0.618.35N/AN/A12,823,6367,772,57641,270,71226,375,972
2011-10-18$15.08$14.2938.2%10.9%31.3%51.4%37.7%2.6%-3.0%963.7M-31.40B-109.9M0.4717.17N/AN/A8,684,7044,054,06441,714,42827,160,084
2011-10-19$14.24$14.2932.4%9.3%37.6%38.7%32.5%3.8%0.8%416.8M-16.79B-106.6M0.599.86N/AN/A13,068,8047,754,96442,608,38428,330,708
2011-10-20$14.12$14.2931.8%9.1%36.6%37.4%32.0%5.5%1.2%94.2M-13.95B-106.6M0.5312.25N/AN/A7,849,6884,190,81642,302,96028,843,836
2011-10-21$14.03$14.2928.2%8.1%36.6%29.5%28.6%5.2%1.8%-200.8M-12.26B-103.3M0.859.48N/AN/A6,953,0445,881,00842,023,24029,147,328
2011-10-24$14.49$14.2927.8%8.0%38.5%28.6%28.0%4.4%0.7%413.8M-15.87B-103.8M0.613.79N/AN/A6,126,5123,719,74430,441,34820,657,336
2011-10-25$14.21$14.2928.9%8.3%39.0%31.0%29.1%5.2%1.3%313.1M-12.93B-105.2M0.885.85N/AN/A3,829,7283,383,63231,616,53621,308,448
2011-10-26$14.31$14.2928.4%8.1%39.0%30.1%28.9%6.1%1.3%398.8M-13.94B-105.3M0.7514.99N/AN/A5,061,1403,800,77632,263,00021,842,828
2011-10-27$14.45$14.2925.7%7.4%38.7%24.1%26.4%5.8%2.1%596.3M-15.84B-105.0M0.6211.48N/AN/A6,207,2363,875,06032,855,73222,441,664
2011-10-28$14.46$14.2922.4%7.0%37.4%16.9%24.8%4.4%2.2%1.10B-16.06B-103.2M0.899.92N/AN/A3,399,3403,023,77633,488,95223,002,616
2011-10-31$14.46$14.2925.9%7.5%36.7%24.5%26.6%4.8%1.8%406.1M-15.40B-102.8M0.617.22N/AN/A4,191,3482,545,90031,983,78421,188,412