APD Options History — January 2014

In January 2014, APD traded between $97.26 and $103.89. ATM implied volatility averaged 21.8%, placing in the 39.4% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 5.5% (HV 20d: 16.3%). Max pain ranged from $101.76 to $101.76. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.46.

Notable Days

  • 2014-01-15: Highest Volume — 4,821 contracts
  • 2014-01-16: Largest IV spike — 21.9% change
  • 2014-01-27: Highest IV Rank — 56.7%
  • 2014-01-24: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$101.34$97.26$103.89$103.09$97.26
Max Pain$101.76$101.76$101.76$101.76$101.76
ATM IV21.8%17.9%26.6%21.1%21.9%
Expected Move6.3%6.0%6.6%6.6%6.2%
HV 20d16.3%11.0%19.0%19.0%18.9%
HV 60d16.8%16.1%18.3%18.3%17.5%
IV Rank39.4%25.0%56.7%36.9%39.5%
IV Percentile65.6%42.5%91.3%64.7%64.7%
Term Structure0.1%-1.5%1.9%1.2%1.1%
VWIV22.6%19.1%29.3%29.3%21.0%
Skew 25d1.3%-0.6%2.5%1.3%0.8%
Skew 10d2.5%-2.6%4.7%3.7%-0.0%
Call IV 25d22.8%20.7%27.8%21.4%22.8%
Put IV 25d24.0%21.8%28.4%22.7%23.6%
Bid-Ask Spread %29.3016.5143.2616.5138.49
Gamma HHI0.580.380.670.630.54
Net GEX6.5M3.7M9.8M9.3M3.7M
Net DEX-40.5M-66.7M-16.6M-53.6M-16.6M
Net VEX-269.6K-313.2K-207.7K-267.3K-253.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.032.050.990.23
Total Volume1,270.3811654,821915304
Total OI30,130.71421,17938,81431,91427,026

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-01-02$103.09$101.7621.1%6.6%19.0%36.9%29.3%1.3%1.2%9.3M-53.6M-267.3K0.9916.5145945619,92011,994
2014-01-03$102.89$101.7620.3%6.6%19.0%33.9%26.8%0.9%1.9%9.1M-52.6M-275.4K0.7717.6453841320,14212,280
2014-01-06$103.14$101.7621.0%6.5%18.6%36.3%25.1%2.1%-0.3%9.8M-55.2M-279.2K0.1620.812013120,38312,548
2014-01-07$101.86$101.7620.9%6.6%16.7%36.2%0.0%1.8%-0.3%7.6M-39.7M-258.5K2.0521.3018638220,45512,560
2014-01-08$101.84$101.7619.7%6.5%16.7%31.8%23.3%2.3%-0.4%7.3M-35.7M-248.6K0.0921.164894420,49712,773
2014-01-09$101.44$101.7619.9%6.3%16.7%32.3%21.1%1.9%-0.1%6.6M-33.0M-244.9K0.1625.031422320,73912,786
2014-01-10$101.42$101.7619.1%6.4%14.7%29.6%0.0%2.1%-0.1%6.4M-30.2M-236.5K0.4120.352048420,75612,801
2014-01-13$100.44$101.7620.8%6.4%15.1%35.8%0.0%2.5%0.7%4.4M-18.9M-207.7K0.9524.9974470820,75212,828
2014-01-14$101.91$101.7619.8%6.4%15.9%31.9%0.0%1.9%0.4%6.3M-28.6M-224.9K0.0936.502,01218120,88913,375
2014-01-15$102.91$101.7617.9%6.3%16.1%25.0%21.9%1.2%0.5%7.8M-46.3M-249.1K0.0519.784,57224922,30413,354
2014-01-16$103.32$101.7621.8%6.2%16.1%39.3%0.0%1.2%0.3%8.9M-55.7M-275.6K0.5028.621457223,99713,340
2014-01-17$103.62$101.7622.7%6.3%16.0%42.5%22.8%1.4%0.3%7.6M-66.7M-300.3K0.0726.322,55819125,48213,332
2014-01-21$103.65$101.7623.4%6.1%11.0%45.3%21.2%1.8%-0.6%6.4M-61.5M-313.2K1.6541.5514724216,9674,212
2014-01-22$103.89$101.7623.4%6.1%11.0%45.4%19.7%1.4%-0.9%6.5M-61.6M-311.1K0.0329.517982117,0124,368
2014-01-23$102.69$101.7625.8%6.0%11.0%54.1%21.6%-0.6%-0.7%5.9M-57.0M-312.9K0.1725.033,39958717,6094,375
2014-01-24$98.71$101.7626.0%6.6%17.6%54.6%21.2%1.1%-1.0%4.8M-33.1M-302.0K0.1040.932,39924820,4674,802
2014-01-27$98.28$101.7626.6%6.3%17.1%56.7%22.0%0.6%-1.5%4.5M-27.5M-279.5K0.1637.701,52225020,6174,996
2014-01-28$99.71$101.7622.3%6.0%18.3%41.0%23.7%0.6%-0.1%5.6M-34.4M-294.5K0.2842.0566518621,2585,155
2014-01-29$98.06$101.7622.0%6.4%18.9%40.0%21.7%0.0%1.0%4.4M-23.9M-272.4K0.6637.7925516821,4475,206
2014-01-30$97.98$101.7621.8%6.4%18.8%39.1%19.1%0.7%0.9%4.0M-19.3M-254.3K0.1343.263584521,6265,315
2014-01-31$97.26$101.7621.9%6.2%18.9%39.5%21.0%0.8%1.1%3.7M-16.6M-253.1K0.2338.492485621,6655,361