EFTA Document EFTA01365026

60-day moving average volume in options (in 000s) Trading in AAPL options 1200 (calls and puts) has doubled from 2010 to 1000 June 2014 The underlying shares that these options represent are larger than the stock volume - delta adjusted, though, the volume would be about 25-50% based on recent data Apple's open interest as a percent of its outstanding stock is higher than any other S&P 100 company and its ratio of calls to puts is higher than the broader market as well as the