APD Options History — April 2017

In April 2017, APD traded between $134.52 and $141.88. ATM implied volatility averaged 17.7%, placing in the 21.4% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 6.3% (HV 20d: 11.4%). Max pain ranged from $130.00 to $140.00. Net GEX was positive for 9 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 1.86.

Notable Days

2017-04-25: Highest Volume — 5,062 contracts
2017-04-12: Largest IV spike — 46.4% change
2017-04-26: Highest IV Rank — 42.4%
2017-04-26: Largest Expected Move — 6.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$136.95	$134.52	$141.88	$135.18	$140.47
Max Pain	$132.37	$130.00	$140.00	$140.00	$130.00
ATM IV	17.7%	12.9%	22.6%	14.3%	15.7%
Expected Move	5.4%	3.8%	6.5%	4.1%	4.5%
HV 20d	11.4%	8.5%	13.0%	13.0%	11.1%
HV 60d	15.4%	13.3%	16.3%	16.2%	13.3%
IV Rank	21.4%	0.5%	42.4%	6.5%	12.7%
IV Percentile	44.7%	0.4%	91.3%	3.2%	21.8%
Term Structure	-0.3%	-3.1%	5.5%	4.7%	-0.1%
VWIV	19.7%	14.8%	24.0%	16.1%	15.7%
Skew 25d	3.1%	1.0%	4.4%	2.8%	3.8%
Skew 10d	6.5%	0.7%	10.3%	2.3%	7.3%
Call IV 25d	17.7%	13.8%	21.0%	13.9%	14.2%
Put IV 25d	20.7%	15.2%	23.9%	16.7%	18.0%
Bid-Ask Spread %	59.76	25.02	99.76	97.24	95.58
Gamma HHI	0.16	0.13	0.23	0.13	0.22
Net GEX	989.5K	-1.4M	5.1M	-778.7K	4.9M
Net DEX	-6.3M	-59.9M	21.3M	17.2M	-43.7M
Net VEX	-396.6K	-448.2K	-368.9K	-374.0K	-427.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.86	0.23	14.26	14.26	0.38
Total Volume	2,878.895	1,730	5,062	4,287	3,567
Total OI	21,606.526	19,538	24,050	19,544	23,966

Daily Data (19 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
2017-04-03	$135.18	$140.00	14.3%	4.1%	13.0%	6.5%	16.1%	2.8%	4.7%	-778.7K	17.2M	-374.0K	14.26	97.24	281	4,006	6,781	12,763
2017-04-04	$135.15	$140.00	14.4%	4.1%	13.0%	6.9%	16.8%	2.6%	5.2%	-1.4M	21.3M	-405.5K	3.65	93.14	848	3,097	6,806	15,022
2017-04-05	$135.35	$140.00	13.1%	3.8%	13.0%	1.5%	15.9%	1.0%	5.5%	-709.9K	14.9M	-368.9K	4.75	99.76	659	3,129	6,789	12,749
2017-04-06	$135.28	$135.00	13.4%	5.2%	12.8%	2.8%	19.5%	2.8%	-0.2%	-556.1K	14.0M	-379.1K	4.71	30.99	665	3,132	7,152	12,841
2017-04-07	$134.92	$135.00	12.9%	5.3%	12.8%	0.5%	19.0%	2.9%	-0.6%	-716.2K	17.0M	-374.9K	0.63	32.81	1,254	793	7,152	12,838
2017-04-10	$135.70	$135.00	14.2%	5.6%	12.9%	6.4%	20.8%	3.3%	-0.6%	-171.3K	8.9M	-385.4K	0.54	34.44	1,270	690	7,733	12,860
2017-04-11	$136.23	$130.00	13.6%	5.8%	12.2%	3.8%	21.9%	3.7%	-1.2%	438.2K	956.5K	-396.0K	0.67	30.23	1,175	792	8,562	12,883
2017-04-12	$135.43	$130.00	20.0%	5.7%	10.8%	31.1%	21.2%	3.5%	-0.8%	244.3K	1.4M	-397.8K	0.69	26.60	1,157	797	8,567	12,870
2017-04-13	$134.52	$130.00	20.4%	5.8%	11.0%	32.9%	20.9%	4.4%	-1.8%	-182.6K	6.2M	-392.1K	0.72	34.03	1,006	724	8,569	12,885
2017-04-17	$134.53	$130.00	21.0%	6.0%	10.0%	35.7%	21.9%	3.6%	-2.2%	-183.3K	7.2M	-383.4K	0.72	37.77	1,006	728	8,581	12,908
2017-04-18	$135.22	$130.00	21.0%	6.0%	10.3%	35.7%	22.1%	3.1%	-2.0%	-13.6K	3.3M	-376.9K	0.49	25.02	1,402	688	8,589	12,904
2017-04-19	$134.86	$130.00	20.3%	5.8%	8.5%	32.7%	24.0%	3.4%	-1.3%	-17.6K	1.3M	-391.6K	0.58	58.49	1,174	683	9,087	12,895
2017-04-20	$137.04	$130.00	21.3%	6.1%	10.3%	36.7%	21.2%	4.3%	-2.1%	937.0K	-5.8M	-389.9K	0.51	55.26	1,373	697	9,091	12,898
2017-04-21	$137.47	$130.00	21.3%	6.1%	10.3%	37.0%	21.0%	2.5%	-2.2%	1.8M	-10.8M	-401.3K	0.44	84.89	1,939	859	9,234	12,908
2017-04-24	$139.83	$130.00	20.3%	5.8%	10.7%	32.5%	21.5%	3.4%	-2.0%	2.9M	-26.3M	-409.0K	0.63	65.22	1,588	1,007	9,595	12,197
2017-04-25	$141.76	$130.00	22.1%	6.3%	11.3%	40.2%	19.7%	3.1%	-2.4%	3.0M	-36.5M	-414.6K	0.23	52.20	4,117	945	9,564	12,515
2017-04-26	$141.88	$130.00	22.6%	6.5%	11.1%	42.4%	19.7%	2.8%	-3.1%	4.2M	-59.9M	-448.2K	0.35	88.23	2,794	972	11,523	12,527
2017-04-27	$141.24	$130.00	14.9%	4.3%	11.1%	9.3%	14.8%	1.0%	1.2%	5.1M	-50.1M	-419.5K	0.36	93.49	2,708	977	11,133	12,587
2017-04-28	$140.47	$130.00	15.7%	4.5%	11.1%	12.7%	15.7%	3.8%	-0.1%	4.9M	-43.7M	-427.7K	0.38	95.58	2,594	973	11,364	12,602