APD Options History — February 2017

In February 2017, APD traded between $138.37 and $142.43. ATM implied volatility averaged 15.6%, placing in the 12.2% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded below realized volatility by 3.0% (HV 20d: 18.6%). Max pain ranged from $140.00 to $150.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 5.69.

Notable Days

  • 2017-02-16: Highest Volume — 37,197 contracts
  • 2017-02-07: Largest IV drop — 10.5% change
  • 2017-02-01: Highest IV Rank — 16.9%
  • 2017-02-03: Largest Expected Move — 4.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$140.24$138.37$142.43$138.89$140.54
Max Pain$144.21$140.00$150.00$150.00$150.00
ATM IV15.6%14.3%16.7%16.7%15.8%
Expected Move4.5%4.4%4.8%4.8%4.5%
HV 20d18.6%9.8%20.6%20.6%10.1%
HV 60d15.1%14.7%16.2%16.2%14.7%
IV Rank12.2%6.6%16.9%16.9%13.3%
IV Percentile8.6%1.2%15.5%15.5%14.7%
Term Structure1.8%-0.1%3.2%0.6%-0.1%
VWIV16.1%10.9%20.0%17.3%16.8%
Skew 25d3.4%1.9%4.2%2.6%3.7%
Skew 10d6.6%4.3%8.8%7.9%8.5%
Call IV 25d14.6%13.3%16.5%16.5%15.1%
Put IV 25d18.0%16.2%19.8%19.1%18.8%
Bid-Ask Spread %50.2221.7996.4037.2095.57
Gamma HHI0.200.140.280.170.17
Net GEX-2.7M-4.7M-385.6K-3.4M-1.1M
Net DEX158.1M112.9M388.0M155.7M130.0M
Net VEX-267.6K-309.6K-227.3K-277.8K-277.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.690.9321.092.851.06
Total Volume6,520.31699437,1972,575994
Total OI38,316.31633,63274,71135,84634,501

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-02-01$138.89$150.0016.7%4.8%20.6%16.9%17.3%2.6%0.6%-3.4M155.7M-277.8K2.8537.206681,90714,06721,779
2017-02-02$139.24$140.0016.1%4.7%20.1%14.3%20.0%4.0%2.3%-3.6M156.8M-262.4K4.8881.234772,32614,10121,856
2017-02-03$140.10$140.0015.7%4.8%20.1%12.8%18.4%3.9%2.4%-3.9M152.9M-267.5K5.8729.375022,94714,10522,176
2017-02-06$139.08$140.0016.0%4.6%19.9%13.8%17.2%3.4%2.4%-4.3M161.0M-245.5K3.9221.795882,30414,14422,738
2017-02-07$138.82$140.0014.3%4.5%19.0%6.6%17.4%3.8%2.6%-4.4M164.4M-253.7K2.5822.017201,86014,35622,881
2017-02-08$138.38$140.0015.8%4.5%19.0%12.9%18.6%3.8%2.9%-4.6M167.5M-264.3K2.8623.816601,89014,49023,095
2017-02-09$138.37$140.0015.5%4.4%18.9%11.9%17.1%3.3%3.0%-4.7M166.7M-254.6K1.0824.2660365314,49223,213
2017-02-10$140.04$140.0015.5%4.4%19.6%11.9%16.2%3.3%2.9%-4.2M157.1M-247.9K0.9628.3661358614,53723,223
2017-02-13$140.53$140.0015.5%4.4%19.7%11.8%16.0%3.1%2.8%-4.1M155.1M-239.7K0.9327.3067062014,57423,304
2017-02-14$142.04$140.0015.3%4.4%20.1%11.1%14.8%3.7%2.5%-3.2M145.5M-243.9K1.4528.0757382814,78823,439
2017-02-15$142.43$140.0015.3%4.4%20.0%10.9%15.2%2.8%2.7%-3.2M139.8M-227.3K1.5426.6640261914,85523,559
2017-02-16$141.75$140.0015.7%4.5%20.0%12.8%12.4%3.5%2.3%-2.8M147.1M-240.3K1.0123.0818,47518,72214,86523,638
2017-02-17$141.56$150.0015.2%4.4%19.7%10.5%10.9%2.4%3.2%-493.2K388.0M-302.2K16.0126.651,17218,76132,92241,789
2017-02-21$141.45$150.0015.6%4.5%19.7%12.1%13.3%3.5%0.9%-385.6K112.9M-309.6K7.6190.931,2689,64613,65619,976
2017-02-22$140.61$150.0015.4%4.4%19.3%11.4%12.9%3.8%0.6%-570.2K122.5M-305.0K10.2589.609499,72913,83020,030
2017-02-23$140.45$150.0015.6%4.5%18.8%12.2%17.3%4.2%0.2%-896.4K124.6M-303.5K21.0788.514579,63113,95920,246
2017-02-24$140.99$150.0015.6%4.5%18.9%12.1%17.6%3.0%0.1%-924.0K123.7M-289.9K21.0996.404559,59614,03120,366
2017-02-27$139.34$150.0015.7%4.5%9.8%12.7%15.8%1.9%0.3%-1.4M131.8M-271.7K1.0393.3450051514,03620,393
2017-02-28$140.54$150.0015.8%4.5%10.1%13.3%16.8%3.7%-0.1%-1.1M130.0M-277.3K1.0695.5748251214,07520,426