APD Options History — June 2013

In June 2013, APD traded between $84.71 and $89.34. ATM implied volatility averaged 16.2%, placing in the 43.1% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 4.4% (HV 20d: 11.7%). Max pain ranged from $83.26 to $87.88. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 1.52.

Notable Days

2013-06-27: Highest Volume — 6,573 contracts
2013-06-28: Largest IV spike — 16.0% change
2013-06-28: Highest IV Rank — 64.8%
2013-06-28: Largest Expected Move — 5.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$87.75	$84.71	$89.34	$87.67	$84.71
Max Pain	$86.96	$83.26	$87.88	$83.26	$87.88
ATM IV	16.2%	14.9%	19.1%	15.7%	19.1%
Expected Move	4.7%	4.4%	5.5%	4.5%	5.5%
HV 20d	11.7%	9.3%	19.1%	10.3%	19.1%
HV 60d	16.5%	15.7%	17.6%	16.8%	17.6%
IV Rank	43.1%	28.5%	64.8%	29.0%	64.8%
IV Percentile	49.3%	31.0%	88.1%	40.5%	88.1%
Term Structure	1.3%	-0.2%	2.4%	-0.2%	1.2%
VWIV	16.9%	14.5%	22.3%	19.3%	17.5%
Skew 25d	4.4%	2.6%	7.1%	6.7%	4.7%
Skew 10d	8.8%	1.1%	14.2%	12.0%	10.9%
Call IV 25d	14.4%	11.1%	16.4%	12.0%	16.4%
Put IV 25d	18.8%	17.1%	21.0%	18.7%	21.0%
Bid-Ask Spread %	16.85	6.87	55.50	13.12	6.87
Gamma HHI	0.55	0.32	0.76	0.54	0.32
Net GEX	4.3M	1.5M	8.2M	4.0M	1.5M
Net DEX	-65.8M	-90.4M	-21.3M	-71.7M	-21.3M
Net VEX	-308.2K	-326.2K	-289.3K	-305.2K	-324.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.52	0.06	5.75	1.83	4.23
Total Volume	1,437.2	227	6,573	229	3,936
Total OI	29,879.9	23,921	33,722	29,065	28,159

Daily Data (20 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
2013-06-03	$87.67	$83.26	15.7%	4.5%	10.3%	29.0%	19.3%	6.7%	-0.2%	4.0M	-71.7M	-305.2K	1.83	13.12	81	148	16,735	12,330
2013-06-04	$88.24	$83.26	15.6%	4.5%	10.0%	28.5%	16.1%	7.1%	0.0%	4.2M	-78.2M	-298.9K	5.75	7.52	108	622	16,775	12,356
2013-06-05	$87.05	$83.26	16.0%	4.6%	11.5%	30.3%	16.0%	2.6%	0.2%	3.7M	-64.0M	-316.9K	2.19	20.88	338	742	16,792	12,852
2013-06-06	$87.47	$83.26	15.7%	4.5%	10.9%	29.1%	16.7%	6.0%	0.2%	3.9M	-65.9M	-319.2K	1.84	21.33	80	147	16,995	13,200
2013-06-07	$87.96	$87.88	14.9%	4.5%	10.9%	38.1%	16.0%	3.9%	1.4%	4.2M	-71.5M	-314.3K	1.60	7.87	185	295	17,038	13,296
2013-06-10	$87.87	$87.88	15.8%	4.6%	11.0%	43.7%	15.7%	3.8%	1.3%	4.3M	-70.8M	-305.3K	0.23	8.08	381	86	17,126	13,344
2013-06-11	$87.79	$87.88	15.9%	4.7%	10.8%	44.4%	15.9%	3.5%	1.1%	4.5M	-70.1M	-308.9K	0.83	22.17	571	476	17,304	13,422
2013-06-12	$87.69	$87.88	15.9%	4.8%	10.6%	44.2%	19.5%	3.7%	1.2%	4.5M	-69.7M	-313.0K	0.49	19.61	309	150	17,442	13,618
2013-06-13	$88.20	$87.88	16.1%	4.6%	10.5%	45.4%	17.2%	3.7%	1.6%	4.9M	-75.8M	-307.8K	0.47	38.67	577	271	17,562	13,669
2013-06-14	$89.13	$87.88	16.4%	4.7%	10.9%	47.2%	16.3%	3.6%	1.1%	4.6M	-86.7M	-294.0K	0.19	9.48	985	191	17,628	13,877
2013-06-17	$89.33	$87.88	16.2%	4.6%	9.4%	46.0%	22.3%	4.4%	1.5%	4.8M	-90.4M	-289.3K	4.31	30.33	244	1,052	18,046	13,957
2013-06-18	$89.34	$87.88	16.0%	4.6%	9.3%	44.9%	16.3%	4.1%	1.7%	4.8M	-90.0M	-289.4K	0.10	13.03	545	54	18,069	14,920
2013-06-19	$88.95	$87.88	15.6%	4.5%	9.5%	42.5%	14.5%	3.3%	1.7%	5.3M	-87.8M	-294.6K	0.37	55.50	457	171	18,165	14,968
2013-06-20	$87.22	$87.88	16.3%	4.7%	11.9%	46.9%	16.7%	4.3%	2.0%	5.9M	-61.0M	-306.9K	0.90	10.98	771	696	18,339	15,015
2013-06-21	$87.50	$87.88	16.7%	4.8%	11.4%	49.0%	16.6%	6.8%	1.4%	8.2M	-57.5M	-309.5K	0.30	8.39	1,183	353	18,556	15,166
2013-06-24	$86.54	$87.88	17.0%	4.9%	12.0%	51.0%	17.4%	5.1%	1.9%	2.2M	-38.0M	-308.0K	0.22	8.50	1,138	249	13,803	10,118
2013-06-25	$87.52	$87.88	16.4%	4.7%	12.4%	47.6%	16.2%	3.3%	2.0%	2.9M	-46.2M	-316.5K	0.06	17.51	1,504	95	14,710	10,235
2013-06-26	$88.93	$87.88	15.3%	4.4%	13.6%	40.4%	15.2%	3.2%	2.4%	4.1M	-60.9M	-315.6K	0.06	8.28	2,803	177	15,653	10,291
2013-06-27	$85.83	$87.88	16.5%	4.7%	18.7%	48.0%	16.9%	4.5%	1.6%	3.0M	-39.1M	-326.2K	4.40	8.87	1,217	5,356	15,752	10,315
2013-06-28	$84.71	$87.88	19.1%	5.5%	19.1%	64.8%	17.5%	4.7%	1.2%	1.5M	-21.3M	-324.5K	4.23	6.87	752	3,184	15,863	12,296