APD Options History — April 2007

In April 2007, APD traded between $68.17 and $72.33. ATM implied volatility averaged 17.2%. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 2.3% (HV 20d: 14.8%). Max pain ranged from $69.38 to $69.38. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.32.

Notable Days

  • 2007-04-25: Highest Volume — 985 contracts
  • 2007-04-25: Largest IV drop — 20.6% change
  • 2007-04-24: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$69.47$68.17$72.33$68.40$70.77
Max Pain$69.38$69.38$69.38$69.38$69.38
ATM IV17.2%15.1%19.1%16.5%17.9%
Expected Move5.0%4.3%5.5%4.7%5.1%
HV 20d14.8%12.2%20.0%15.7%20.0%
HV 60d18.5%17.0%19.3%18.8%19.3%
Term Structure0.4%-0.9%3.0%2.1%-0.0%
VWIV18.0%16.1%20.6%17.1%17.4%
Bid-Ask Spread %20.4110.5735.5621.5013.13
Gamma HHI0.480.400.750.410.44
Net GEX1.1M726.8K3.4M726.8K951.6K
Net DEX-12.0M-18.7M-7.9M-9.2M-15.0M
Net VEX-115.6K-123.1K-106.7K-123.1K-114.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.320.001.090.490.00
Total Volume216.814985235106
Total OI8,011.27,0908,3238,2117,693

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-04-02$68.40$69.3816.5%4.7%15.7%0.0%17.1%0.0%2.1%726.8K-9.2M-123.1K0.4921.50158775,2332,978
2007-04-03$68.49$69.3816.2%4.6%14.8%0.0%16.3%0.0%2.5%753.4K-9.8M-123.1K0.0232.045615,2623,001
2007-04-04$68.23$69.3815.7%4.5%14.8%0.0%0.0%0.0%3.0%755.4K-9.2M-121.3K0.0718.791615,2733,002
2007-04-05$68.88$69.3816.1%4.6%14.6%0.0%16.1%0.0%2.2%827.7K-10.8M-123.1K0.4110.5724105,2843,002
2007-04-09$69.61$69.3816.6%5.4%15.0%0.0%20.6%0.0%-0.1%922.8K-13.5M-120.7K0.2915.2394275,3023,012
2007-04-10$69.34$69.3816.3%5.4%15.1%0.0%0.0%0.0%-0.2%927.3K-12.6M-120.0K0.0015.291405,3103,010
2007-04-11$68.19$69.3816.4%5.3%13.8%0.0%20.3%0.0%-0.3%801.6K-8.6M-116.2K0.2316.7251125,3093,010
2007-04-12$68.34$69.3818.4%5.3%13.8%0.0%18.3%0.0%-0.2%853.3K-8.7M-116.6K0.0018.153105,2973,000
2007-04-13$68.17$69.3818.5%5.3%13.7%0.0%18.5%0.0%-0.0%832.8K-7.9M-114.1K0.0014.961505,2973,000
2007-04-16$68.91$69.3818.5%5.3%14.1%0.0%18.5%0.0%-0.1%1.1M-10.3M-114.8K0.0020.565505,2992,989
2007-04-17$69.17$69.3818.5%5.3%13.1%0.0%18.5%0.0%-0.2%1.2M-11.6M-114.6K1.0625.1257615,3212,989
2007-04-18$69.05$69.3818.1%5.2%13.0%0.0%18.1%0.0%0.1%1.3M-11.1M-113.8K0.3928.9383325,3022,992
2007-04-19$69.05$69.3818.0%5.2%12.2%0.0%19.2%0.0%-0.1%1.4M-11.0M-113.5K0.1522.5881125,3272,946
2007-04-20$69.42$69.3818.6%5.3%12.4%0.0%18.6%0.0%-0.6%3.4M-13.3M-112.8K0.0426.52589255,3662,957
2007-04-23$69.54$69.3818.0%5.2%12.4%0.0%18.0%0.0%0.0%794.0K-11.7M-109.0K0.5635.56137774,6752,415
2007-04-24$69.22$69.3819.1%5.5%12.2%0.0%19.1%0.0%-0.9%762.7K-10.4M-111.2K0.3319.424441484,7082,459
2007-04-25$72.33$69.3815.2%4.4%19.3%0.0%16.4%0.0%-0.2%1.0M-18.7M-106.7K1.0920.274705154,7502,448
2007-04-26$72.10$69.3815.6%4.5%18.3%0.0%16.4%0.0%0.2%941.9K-18.3M-110.0K0.5413.442961614,8162,679
2007-04-27$72.21$69.3815.1%4.3%18.2%0.0%16.5%0.0%0.8%979.7K-18.5M-112.2K0.6419.522431574,8702,641
2007-04-30$70.77$69.3817.9%5.1%20.0%0.0%17.4%0.0%-0.0%951.6K-15.0M-114.7K0.0013.1310604,9812,712