APD Options History — June 2007

In June 2007, APD traded between $71.51 and $76.42. ATM implied volatility averaged 16.9%. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 1.7% (HV 20d: 15.1%). Max pain ranged from $69.38 to $74.01. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.59.

Notable Days

  • 2007-06-14: Highest Volume — 1,211 contracts
  • 2007-06-08: Largest IV drop — 17.9% change
  • 2007-06-07: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$74.28$71.51$76.42$72.79$74.35
Max Pain$71.36$69.38$74.01$69.38$74.01
ATM IV16.9%14.9%19.8%16.0%17.0%
Expected Move4.9%4.3%5.5%4.6%4.9%
HV 20d15.1%12.1%17.7%12.6%17.5%
HV 60d16.2%15.2%16.8%16.0%16.8%
Term Structure1.7%0.6%3.5%0.6%2.5%
VWIV17.1%15.7%19.0%16.6%15.7%
Skew 25d2.4%-0.1%7.5%1.6%2.5%
Skew 10d4.5%1.4%10.9%3.8%4.5%
Call IV 25d17.3%15.2%18.8%15.2%17.9%
Put IV 25d19.8%16.8%23.3%16.8%20.4%
Bid-Ask Spread %25.6514.1238.9519.0533.52
Gamma HHI0.750.590.930.850.67
Net GEX1.8M1.2M3.5M2.0M1.5M
Net DEX-24.4M-38.4M-17.5M-22.5M-19.7M
Net VEX-123.6K-128.2K-119.7K-124.3K-126.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.022.770.200.60
Total Volume338.81261,21113226
Total OI9,259.0957,82710,6909,6738,449

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-06-01$72.79$69.3816.0%4.6%12.6%0.0%16.6%1.6%0.6%2.0M-22.5M-124.3K0.2019.05110226,6033,070
2007-06-04$72.54$69.3816.3%4.7%12.7%0.0%17.2%1.7%1.4%2.1M-21.6M-123.4K0.0425.409136,7003,081
2007-06-05$72.31$69.3816.2%4.8%12.4%0.0%17.1%2.2%1.4%2.0M-20.4M-122.8K0.0928.08183166,7123,081
2007-06-06$72.10$69.3817.1%4.9%12.4%0.0%19.0%2.9%1.2%2.0M-20.1M-122.1K0.1428.59106156,8223,081
2007-06-07$71.51$69.3819.8%5.5%12.1%0.0%17.8%-0.1%0.7%1.6M-17.5M-120.5K0.1227.90503636,8183,085
2007-06-08$73.46$69.3816.3%5.0%15.1%0.0%17.1%7.5%1.3%2.6M-26.2M-125.5K0.3521.983481227,0113,102
2007-06-11$73.23$69.3817.5%5.2%14.9%0.0%18.4%2.2%0.7%2.7M-25.5M-127.0K0.1220.48430537,0833,191
2007-06-12$72.97$69.3817.3%5.2%14.6%0.0%18.3%2.8%1.1%2.5M-23.7M-128.2K0.0628.3311787,2653,222
2007-06-13$74.76$69.3815.2%5.3%16.7%0.0%19.0%2.5%0.7%3.5M-34.8M-124.1K0.2238.955361207,3083,224
2007-06-14$75.36$69.3817.9%5.1%15.9%0.0%17.8%1.9%1.3%1.4M-37.9M-120.0K0.1118.001,0921197,2253,325
2007-06-15$75.58$69.3817.4%5.0%15.9%0.0%17.1%1.9%1.2%1.6M-38.4M-122.4K0.0220.301,155287,3323,358
2007-06-18$75.49$69.3817.6%5.0%15.8%0.0%17.7%2.4%1.6%1.3M-23.1M-119.7K2.2514.12861955,3552,472
2007-06-19$75.60$74.0117.3%5.0%15.4%0.0%16.6%2.3%2.1%1.3M-23.3M-123.3K0.3620.72110405,4262,626
2007-06-20$75.25$74.0117.1%4.9%15.6%0.0%15.9%2.2%2.4%1.3M-22.6M-123.4K0.2322.64373885,4492,642
2007-06-21$76.42$74.0114.9%4.3%16.1%0.0%16.0%2.3%2.6%1.2M-24.7M-123.1K1.7229.331051815,6092,717
2007-06-22$76.09$74.0116.6%4.8%15.9%0.0%16.6%2.5%3.5%1.3M-25.0M-121.9K2.1329.3442905,5772,683
2007-06-25$75.23$74.0116.6%4.8%16.2%0.0%16.6%2.4%2.5%1.4M-22.0M-123.4K0.2221.66246545,5772,757
2007-06-26$75.57$74.0117.0%4.9%16.3%0.0%16.1%2.7%2.6%1.4M-23.3M-124.1K0.1431.3688125,6822,771
2007-06-27$75.40$74.0116.8%4.8%16.3%0.0%16.9%2.2%2.5%1.4M-22.2M-125.4K2.7729.0324665,6862,781
2007-06-28$73.99$74.0116.9%4.9%17.7%0.0%16.2%2.7%2.3%1.4M-18.9M-126.0K0.4529.9134155,6812,802
2007-06-29$74.35$74.0117.0%4.9%17.5%0.0%15.7%2.5%2.5%1.5M-19.7M-126.1K0.6033.5216105,6962,753