APD Options History — May 2016

In May 2016, APD traded between $130.78 and $134.98. ATM implied volatility averaged 19.2%, placing in the 17.3% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 4.7% (HV 20d: 14.5%). Max pain ranged from $120.26 to $138.76. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 2.54.

Notable Days

  • 2016-05-26: Highest Volume — 8,206 contracts
  • 2016-05-24: Largest IV drop — 13.9% change
  • 2016-05-18: Highest IV Rank — 24.7%
  • 2016-05-18: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$132.27$130.78$134.98$134.98$132.16
Max Pain$122.68$120.26$138.76$138.76$120.26
ATM IV19.2%16.5%21.0%20.4%18.1%
Expected Move5.5%4.7%6.0%5.8%5.2%
HV 20d14.5%12.1%16.1%12.1%14.2%
HV 60d16.0%15.3%18.9%18.4%15.3%
IV Rank17.3%4.1%24.7%22.4%10.7%
IV Percentile12.1%0.4%20.6%17.5%6.0%
Term Structure1.3%-0.8%2.6%-0.8%0.3%
VWIV21.8%18.2%33.2%20.0%19.2%
Skew 25d3.9%2.9%4.9%4.0%3.8%
Skew 10d7.8%6.0%9.9%7.5%7.3%
Call IV 25d18.1%16.2%19.2%18.5%17.9%
Put IV 25d22.0%19.8%23.4%22.4%21.7%
Bid-Ask Spread %67.1420.5693.7486.3890.33
Gamma HHI0.190.140.260.170.26
Net GEX3.1M1.5M5.2M2.6M5.2M
Net DEX-62.9M-76.7M-49.1M-73.8M-76.3M
Net VEX-433.4K-496.6K-382.8K-480.6K-382.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.540.565.280.923.25
Total Volume4,937.1432,2208,2063,5216,346
Total OI39,829.57137,02740,97140,39540,817

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2016-05-02$134.98$138.7620.4%5.8%12.1%22.4%20.0%4.0%-0.8%2.6M-73.8M-480.6K0.9286.381,8291,69214,04226,353
2016-05-03$132.36$138.7619.9%5.7%14.2%20.6%20.9%3.7%0.1%1.6M-54.3M-496.6K1.5988.431,5672,49714,08126,360
2016-05-04$132.15$134.1419.8%5.7%14.0%20.1%20.2%4.0%-0.1%2.1M-54.1M-495.7K1.2593.741,3321,66113,94125,894
2016-05-05$132.41$120.2619.1%5.5%13.2%17.4%20.9%3.9%2.4%2.6M-59.2M-462.6K1.0826.061,4431,55214,14125,898
2016-05-06$133.61$120.2618.9%5.5%13.4%16.7%21.6%3.7%1.7%3.0M-69.1M-468.9K1.1634.521,0841,25414,21025,973
2016-05-09$131.96$120.2619.5%5.6%13.9%19.0%20.1%3.7%1.6%2.6M-58.9M-455.6K1.2035.211,0071,21314,20825,954
2016-05-10$133.46$120.2618.8%5.4%14.4%16.2%21.5%4.0%2.0%3.2M-68.5M-410.1K1.1634.251,0361,19714,23026,012
2016-05-11$131.76$120.2620.6%5.9%15.1%23.3%20.8%3.8%1.4%2.5M-57.5M-421.5K0.6322.552,0181,26814,18326,030
2016-05-12$132.78$120.2619.0%5.4%15.3%16.9%20.6%4.1%2.6%2.9M-66.3M-444.5K0.5622.482,0551,15014,74526,118
2016-05-13$131.22$120.2620.4%5.9%15.8%22.5%20.3%3.9%1.5%2.1M-53.2M-439.4K0.6020.562,1191,26314,78826,144
2016-05-16$132.75$120.2619.1%5.5%16.1%17.6%31.1%4.3%2.3%2.8M-63.5M-447.5K3.3781.651,5695,28014,82726,144
2016-05-17$131.97$120.2620.2%5.8%14.4%21.7%24.1%3.9%1.6%2.7M-60.4M-433.0K3.3786.431,5675,27914,89824,151
2016-05-18$130.94$120.2621.0%6.0%14.5%24.7%25.6%4.2%1.7%1.6M-50.6M-422.4K3.4284.131,7696,04415,00325,300
2016-05-19$131.17$120.2620.8%6.0%14.6%24.0%33.2%4.7%1.7%1.5M-49.1M-432.8K5.2881.361,1486,06015,00625,386
2016-05-20$130.78$120.2619.8%5.7%14.6%20.3%21.1%3.8%2.0%3.6M-52.2M-414.4K4.9784.949994,96315,06525,437
2016-05-23$131.03$120.2619.7%5.7%14.6%18.7%19.5%4.1%0.5%3.8M-61.5M-407.0K3.7584.741,2714,76913,47523,552
2016-05-24$132.67$120.2617.0%4.9%15.5%8.0%20.5%4.9%1.6%4.3M-70.7M-403.8K4.4886.791,0634,75713,77523,744
2016-05-25$132.97$120.2617.5%5.0%15.3%9.9%19.3%3.3%1.0%4.7M-74.7M-386.5K5.1587.011,0185,24413,89123,880
2016-05-26$132.33$120.2617.0%4.9%15.4%7.9%18.8%3.5%1.2%4.1M-70.7M-394.7K2.2288.312,5505,65613,92124,486
2016-05-27$132.25$120.2616.5%4.7%14.2%4.1%18.2%2.9%1.2%5.0M-76.7M-401.6K3.9590.091,2304,86115,34625,012
2016-05-31$132.16$120.2618.1%5.2%14.2%10.7%19.2%3.8%0.3%5.2M-76.3M-382.8K3.2590.331,4924,85415,61525,202