APD Options History — May 2007

Name: APD Options Analytics - May 2007
Creator: Options Analysis Suite

In May 2007, APD traded between $70.35 and $72.86. ATM implied volatility averaged 16.6%. The 30-day expected move averaged 4.8%. IV traded below realized volatility by 1.6% (HV 20d: 18.2%). Max pain ranged from $69.38 to $69.38. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 0.82.

Notable Days

2007-05-30: Highest Volume — 1,196 contracts
2007-05-25: Largest IV drop — 15.4% change
2007-05-15: Largest Expected Move — 5.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$71.94	$70.35	$72.86	$70.35	$72.15
Max Pain	$69.38	$69.38	$69.38	$69.38	$69.38
ATM IV	16.6%	14.4%	18.5%	17.7%	16.1%
Expected Move	4.8%	4.4%	5.3%	5.1%	4.6%
HV 20d	18.2%	12.2%	20.8%	20.1%	12.3%
HV 60d	18.6%	15.9%	19.9%	19.4%	15.9%
Term Structure	0.8%	-0.1%	1.7%	-0.1%	0.5%
VWIV	16.9%	16.0%	18.4%	17.3%	16.3%
Bid-Ask Spread %	20.70	11.49	37.92	29.03	14.29
Gamma HHI	0.61	0.43	0.80	0.43	0.80
Net GEX	1.1M	900.5K	1.7M	943.6K	1.7M
Net DEX	-17.3M	-20.8M	-13.5M	-13.5M	-19.0M
Net VEX	-112.5K	-119.3K	-108.1K	-115.8K	-119.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.82	0.00	5.86	0.49	0.23
Total Volume	235.591	37	1,196	311	233
Total OI	8,161.591	7,620	9,222	7,726	9,222

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2007-05-01	$70.35	$69.38	17.7%	5.1%	20.1%	0.0%	17.3%	0.0%	-0.1%	943.6K	-13.5M	-115.8K	0.49	29.03	208	103	5,014	2,712
2007-05-02	$71.00	$69.38	16.7%	4.8%	20.3%	0.0%	16.2%	0.0%	0.6%	1.0M	-16.1M	-114.9K	5.86	19.68	76	443	5,071	2,685
2007-05-03	$71.16	$69.38	17.1%	4.9%	20.2%	0.0%	17.0%	0.0%	0.0%	972.3K	-15.4M	-115.7K	0.59	14.52	48	28	5,029	2,985
2007-05-04	$71.29	$69.38	17.1%	5.1%	20.0%	0.0%	17.0%	0.0%	0.4%	973.4K	-15.8M	-116.8K	2.26	15.89	29	66	5,071	2,999
2007-05-07	$71.96	$69.38	15.7%	4.6%	20.0%	0.0%	16.4%	0.0%	1.0%	980.8K	-17.9M	-113.0K	0.58	24.99	157	91	5,083	3,012
2007-05-08	$72.13	$69.38	15.4%	4.6%	19.9%	0.0%	16.0%	0.0%	1.3%	1.1M	-18.4M	-114.0K	0.42	22.10	26	11	5,130	3,046
2007-05-09	$72.86	$69.38	14.4%	4.6%	18.7%	0.0%	17.2%	0.0%	1.3%	1.2M	-20.8M	-112.2K	0.57	22.35	50	28	5,152	3,057
2007-05-10	$72.08	$69.38	16.3%	4.7%	19.4%	0.0%	17.5%	0.0%	0.9%	1.0M	-19.2M	-111.2K	1.11	22.70	51	56	5,169	3,055
2007-05-11	$71.62	$69.38	17.7%	5.1%	19.6%	0.0%	16.1%	0.0%	0.9%	1.0M	-17.0M	-113.7K	0.26	19.64	184	48	5,212	3,097
2007-05-14	$70.98	$69.38	18.5%	5.3%	19.7%	0.0%	17.3%	0.0%	0.3%	956.2K	-14.8M	-114.1K	0.22	26.58	174	39	5,201	3,137
2007-05-15	$71.29	$69.38	18.5%	5.3%	19.7%	0.0%	17.5%	0.0%	0.6%	925.4K	-16.4M	-112.3K	0.10	26.22	44	4	5,167	3,144
2007-05-16	$72.53	$69.38	16.2%	4.6%	20.5%	0.0%	17.0%	0.0%	1.5%	927.4K	-19.7M	-109.2K	0.79	22.59	117	92	5,155	3,139
2007-05-17	$72.78	$69.38	16.4%	4.7%	20.5%	0.0%	16.6%	0.0%	1.5%	979.6K	-20.7M	-109.4K	1.42	37.92	148	210	5,224	3,195
2007-05-18	$72.67	$69.38	16.4%	4.7%	20.5%	0.0%	16.5%	0.0%	1.7%	978.1K	-20.5M	-110.2K	0.14	12.30	155	22	5,287	3,268
2007-05-21	$72.12	$69.38	16.7%	4.8%	20.8%	0.0%	16.8%	0.0%	0.2%	900.5K	-15.6M	-110.0K	0.18	26.41	406	74	4,639	2,981
2007-05-22	$72.41	$69.38	16.4%	4.7%	20.7%	0.0%	16.4%	0.0%	0.5%	1.1M	-17.1M	-112.1K	0.92	26.80	26	24	4,939	3,033
2007-05-23	$72.04	$69.38	16.2%	4.7%	13.7%	0.0%	17.5%	0.0%	0.4%	1.0M	-16.0M	-110.6K	0.47	11.49	92	43	4,950	3,021
2007-05-24	$71.54	$69.38	18.0%	5.2%	13.9%	0.0%	16.4%	0.0%	1.0%	1.0M	-14.8M	-112.7K	0.07	14.10	49	3	4,997	3,032
2007-05-25	$72.47	$69.38	15.2%	4.4%	14.6%	0.0%	18.4%	0.0%	1.4%	1.2M	-17.3M	-110.6K	0.55	12.47	31	17	4,995	3,047
2007-05-29	$72.51	$69.38	16.5%	4.7%	12.5%	0.0%	17.5%	0.0%	0.2%	1.2M	-17.3M	-108.1K	0.86	16.59	151	130	5,022	3,047
2007-05-30	$72.67	$69.38	16.2%	4.6%	12.2%	0.0%	16.3%	0.0%	0.5%	1.3M	-17.6M	-109.0K	0.00	16.79	1,195	1	5,047	3,087
2007-05-31	$72.15	$69.38	16.1%	4.6%	12.3%	0.0%	16.3%	0.0%	0.5%	1.7M	-19.0M	-119.3K	0.23	14.29	190	43	6,134	3,088