APD Options History — April 2013

In April 2013, APD traded between $77.96 and $80.70. ATM implied volatility averaged 17.3%, placing in the 35.8% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded below realized volatility by 0.1% (HV 20d: 17.5%). Max pain ranged from $78.63 to $78.63. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 1.29.

Notable Days

  • 2013-04-22: Highest Volume — 2,434 contracts
  • 2013-04-11: Largest IV spike — 20.0% change
  • 2013-04-17: Highest IV Rank — 48.4%
  • 2013-04-17: Largest Expected Move — 5.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$79.37$77.96$80.70$79.10$80.44
Max Pain$78.63$78.63$78.63$78.63$78.63
ATM IV17.3%15.4%20.3%16.5%16.1%
Expected Move5.1%4.4%5.8%4.7%4.6%
HV 20d17.5%15.9%19.1%16.6%16.6%
HV 60d15.8%15.0%16.7%15.2%16.3%
IV Rank35.8%27.7%48.4%32.5%30.7%
IV Percentile50.7%30.2%81.7%41.7%38.1%
Term Structure-0.4%-2.0%2.4%1.8%-0.1%
VWIV17.8%15.3%21.2%16.5%16.0%
Skew 25d4.7%2.9%7.4%3.6%3.5%
Skew 10d9.6%1.6%12.4%6.1%1.6%
Call IV 25d15.2%10.1%18.4%15.2%12.7%
Put IV 25d19.8%16.1%23.1%18.8%16.1%
Bid-Ask Spread %12.246.1225.0212.2810.63
Gamma HHI0.350.260.530.340.38
Net GEX1.3M108.3K3.0M1.3M2.2M
Net DEX-19.7M-29.1M-10.3M-16.9M-28.3M
Net VEX-260.7K-277.9K-247.4K-277.9K-250.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.290.144.881.410.31
Total Volume532.6821172,434333785
Total OI26,500.72721,82929,03326,66923,983

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-04-01$79.10$78.6316.5%4.7%16.6%32.5%16.5%3.6%1.8%1.3M-16.9M-277.9K1.4112.2813819515,99610,673
2013-04-02$78.64$78.6315.9%4.6%16.7%29.9%19.6%2.9%2.0%896.7K-13.7M-270.6K0.379.0441715416,04410,676
2013-04-03$77.96$78.6316.0%4.6%16.7%30.1%16.0%5.9%2.4%485.2K-10.3M-257.6K0.7110.1930121316,30010,692
2013-04-04$78.97$78.6316.5%4.7%17.5%32.5%16.5%7.2%1.7%1.1M-16.5M-266.1K0.146.9476010916,36310,834
2013-04-05$78.75$78.6316.0%5.2%16.7%30.0%18.2%4.3%-0.9%993.1K-15.7M-264.6K0.436.121727516,81010,869
2013-04-08$79.23$78.6316.0%5.3%15.9%30.4%18.4%4.6%-1.0%1.2M-18.8M-263.6K0.348.101334516,81410,863
2013-04-09$79.56$78.6316.5%5.3%16.1%32.3%18.2%4.4%-1.3%1.7M-21.9M-266.2K0.429.791586616,87310,891
2013-04-10$79.87$78.6315.8%5.3%16.2%29.2%16.7%4.4%-1.3%1.7M-23.3M-265.5K2.818.548423716,97110,957
2013-04-11$80.70$78.6318.9%5.4%16.7%42.7%17.6%5.2%-1.9%3.0M-29.1M-272.6K0.9312.68908317,02311,171
2013-04-12$80.42$78.6319.0%5.4%16.2%43.0%18.9%4.9%-1.6%2.1M-26.3M-268.2K4.8812.198441217,04411,212
2013-04-15$78.50$78.6320.1%5.8%17.9%47.7%19.9%4.7%-2.0%464.9K-12.5M-257.1K2.4213.725613617,08711,498
2013-04-16$80.02$78.6319.1%5.5%19.0%43.4%18.8%4.9%-1.4%1.4M-22.6M-262.9K0.2112.82962117,08511,506
2013-04-17$79.35$78.6320.3%5.8%19.1%48.4%20.0%4.8%-1.7%815.7K-19.1M-261.4K1.4411.4733548317,15111,519
2013-04-18$78.49$78.6320.0%5.7%19.1%47.5%20.0%4.8%-1.6%108.3K-14.2M-258.5K0.5612.2640322717,33711,414
2013-04-19$79.29$78.6319.1%5.5%18.4%43.2%19.7%4.9%-1.2%926.4K-21.4M-261.0K1.6315.1910416917,47211,561
2013-04-22$79.82$78.6319.5%5.6%18.5%45.2%21.2%4.1%-1.6%1.9M-24.3M-259.9K2.1315.147781,65613,0238,806
2013-04-23$78.80$78.6316.3%4.7%19.0%31.4%16.2%4.1%-0.0%1.1M-15.7M-250.3K3.7923.113041,15113,3559,980
2013-04-24$79.37$78.6316.0%4.6%19.1%30.4%15.8%4.4%-0.0%1.3M-18.5M-253.1K1.0325.0218719313,41710,179
2013-04-25$79.57$78.6316.1%4.6%17.9%30.8%16.1%4.2%-0.0%1.5M-20.3M-250.3K0.2113.392685713,52910,220
2013-04-26$79.18$78.6315.4%4.4%17.6%27.7%15.3%7.4%0.3%1.4M-19.1M-247.4K1.437.98557913,67110,223
2013-04-29$80.06$78.6315.6%4.5%16.8%28.7%15.5%3.4%0.5%1.9M-25.4M-249.1K0.7112.7514610413,69010,234
2013-04-30$80.44$78.6316.1%4.6%16.6%30.7%16.0%3.5%-0.1%2.2M-28.3M-250.9K0.3110.6360118413,72510,258