APD Options History — April 2016

In April 2016, APD traded between $131.16 and $137.93. ATM implied volatility averaged 23.5%, placing in the 34.2% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 7.3% (HV 20d: 16.1%). Max pain ranged from $129.51 to $134.14. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 1.40.

Notable Days

  • 2016-04-27: Highest Volume — 6,715 contracts
  • 2016-04-28: Largest IV drop — 23.2% change
  • 2016-04-08: Highest IV Rank — 47.3%
  • 2016-04-07: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$134.78$131.16$137.93$134.51$134.92
Max Pain$133.91$129.51$134.14$129.51$134.14
ATM IV23.5%19.5%26.9%21.1%20.7%
Expected Move6.9%5.6%7.7%6.0%5.9%
HV 20d16.1%12.8%19.7%17.2%14.2%
HV 60d23.6%18.9%26.2%26.2%19.0%
IV Rank34.2%19.0%47.3%25.1%23.6%
IV Percentile44.7%13.1%73.0%21.4%17.5%
Term Structure-1.9%-4.6%3.3%3.3%0.0%
VWIV24.0%17.5%27.3%17.5%21.7%
Skew 25d4.2%3.3%4.9%3.6%3.3%
Skew 10d8.4%3.3%11.5%11.5%3.3%
Call IV 25d22.5%18.8%24.6%19.3%19.4%
Put IV 25d26.7%22.6%28.6%22.9%22.6%
Bid-Ask Spread %39.2217.1792.0592.0587.14
Gamma HHI0.250.130.910.270.17
Net GEX8.4M2.3M96.6M4.0M3.1M
Net DEX-79.4M-93.4M-56.2M-83.1M-78.4M
Net VEX-547.5K-637.1K-449.4K-597.8K-473.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.400.573.421.031.06
Total Volume3,9572,7916,7153,4664,452
Total OI42,827.8139,23546,46443,95639,806

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2016-04-01$134.51$129.5121.1%6.0%17.2%25.1%17.5%3.6%3.3%4.0M-83.1M-597.8K1.0392.051,7071,75913,97329,983
2016-04-04$131.90$134.1423.0%7.0%19.0%32.6%25.0%4.8%-1.9%3.4M-62.8M-619.4K0.8722.152,4652,15314,18430,025
2016-04-05$132.02$134.1422.2%7.2%18.9%29.3%24.3%4.6%-1.7%3.7M-64.0M-637.1K0.8325.522,2071,82714,88830,410
2016-04-06$132.86$134.1421.7%7.2%18.8%27.4%27.3%4.5%-1.6%4.3M-69.9M-609.2K0.9424.572,0201,89614,99330,531
2016-04-07$131.16$134.1424.1%7.7%19.7%36.8%25.2%4.0%-2.4%3.5M-56.2M-636.1K0.8728.362,0901,81415,13530,666
2016-04-08$131.79$134.1426.9%7.6%19.6%47.3%24.5%3.8%-1.9%4.3M-64.3M-621.9K0.8924.552,0341,81415,29130,765
2016-04-11$132.83$134.1422.8%7.1%19.3%31.5%23.5%4.9%-1.9%5.9M-73.1M-596.8K0.5719.673,1261,79115,32930,830
2016-04-12$133.40$134.1423.7%7.2%19.3%35.3%23.9%3.9%-1.8%5.5M-75.2M-583.1K0.9024.241,9461,75814,85430,871
2016-04-13$133.48$134.1423.9%6.8%17.6%35.8%23.2%4.9%-1.8%6.3M-77.6M-588.5K0.9725.421,8521,79315,24030,967
2016-04-14$134.20$134.1424.1%6.9%17.1%36.6%25.0%4.5%-1.7%9.6M-85.7M-579.1K1.1124.561,6711,86315,26231,026
2016-04-15$134.21$134.1424.1%6.9%14.4%36.8%23.9%4.1%-2.3%96.6M-93.4M-569.5K1.0228.821,8421,88615,35731,107
2016-04-18$135.37$134.1424.2%6.9%14.0%37.1%23.8%4.3%-2.4%2.3M-74.0M-529.1K1.2621.481,4151,78912,65726,720
2016-04-19$137.93$134.1424.4%7.0%14.9%37.9%24.2%3.6%-1.9%2.9M-91.2M-492.7K1.6317.171,0591,73212,81826,821
2016-04-20$137.72$134.1423.3%6.7%14.0%33.4%23.1%4.0%-2.3%3.1M-92.5M-482.1K1.8925.211,0441,97512,94626,826
2016-04-21$137.23$134.1423.7%6.8%14.0%35.0%23.8%4.3%-2.4%2.7M-87.4M-505.8K1.7926.841,0921,94912,97727,131
2016-04-22$137.05$134.1423.9%6.8%13.9%35.8%23.8%3.9%-2.7%2.8M-86.5M-502.5K1.8625.661,0371,92513,05427,150
2016-04-25$136.73$134.1425.0%7.2%13.7%40.0%25.1%4.0%-3.5%2.8M-84.8M-482.8K2.2528.851,0232,29813,09527,157
2016-04-26$136.46$134.1425.0%7.2%13.1%40.0%24.3%4.3%-2.9%2.8M-85.2M-461.4K3.4282.741,2604,31513,11426,917
2016-04-27$137.27$134.1425.4%7.3%13.2%41.7%27.1%4.3%-4.6%3.1M-90.0M-479.9K3.1786.401,6095,10613,36125,912
2016-04-28$137.30$134.1419.5%5.6%12.8%19.0%24.1%4.5%-0.5%3.4M-91.9M-449.4K0.9682.232,3992,30413,51925,716
2016-04-29$134.92$134.1420.7%5.9%14.2%23.6%21.7%3.3%0.0%3.1M-78.4M-473.4K1.0687.142,1622,29014,03925,767