APD Options History — May 2017

In May 2017, APD traded between $142.04 and $147.17. ATM implied volatility averaged 15.9%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 3.5% (HV 20d: 12.3%). Max pain ranged from $130.00 to $135.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 1.04.

Notable Days

  • 2017-05-05: Highest Volume — 6,091 contracts
  • 2017-05-05: Largest IV spike — 19.1% change
  • 2017-05-05: Highest IV Rank — 21.9%
  • 2017-05-17: Largest Expected Move — 5.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$144.11$142.04$147.17$142.04$144.05
Max Pain$132.73$130.00$135.00$130.00$135.00
ATM IV15.9%14.5%17.8%16.1%15.1%
Expected Move4.5%4.2%5.0%4.6%4.3%
HV 20d12.3%10.4%14.2%11.6%10.4%
HV 60d13.5%11.9%14.1%13.5%11.9%
IV Rank13.5%7.6%21.9%14.6%10.2%
IV Percentile26.1%7.9%49.6%30.2%15.5%
Term Structure1.3%-0.2%2.6%-0.2%-0.1%
VWIV16.6%12.4%20.4%16.3%15.2%
Skew 25d2.4%1.7%5.1%4.1%2.3%
Skew 10d5.4%2.9%11.1%11.0%5.0%
Call IV 25d15.2%11.3%16.7%13.8%14.5%
Put IV 25d17.6%16.2%19.3%17.9%16.8%
Bid-Ask Spread %25.0710.1195.0295.0211.67
Gamma HHI0.240.220.270.250.27
Net GEX8.1M6.5M11.5M6.5M9.3M
Net DEX-81.0M-124.6M-53.8M-61.2M-66.5M
Net VEX-471.6K-512.4K-416.5K-438.2K-445.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.040.202.400.541.22
Total Volume2,702.0451,4056,0911,9042,005
Total OI29,81025,03933,83725,03930,415

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-05-01$142.04$130.0016.1%4.6%11.6%14.6%16.3%4.1%-0.2%6.5M-61.2M-438.2K0.5495.021,24066412,38012,659
2017-05-02$143.32$130.0014.5%4.2%11.5%7.6%16.8%2.1%0.4%7.5M-78.1M-444.5K0.4492.641,59769713,18712,741
2017-05-03$143.72$130.0014.9%4.3%11.5%9.3%15.4%5.1%0.0%7.5M-83.8M-425.6K0.5232.491,32969413,07712,773
2017-05-04$144.71$130.0015.0%4.5%11.5%9.6%15.1%3.3%1.8%7.6M-93.6M-432.4K1.0221.0769770813,36212,775
2017-05-05$147.17$130.0017.8%4.7%12.4%21.9%16.0%2.1%1.5%6.8M-111.2M-416.5K0.2025.005,0701,02113,35612,797
2017-05-08$145.99$130.0017.1%4.9%12.9%18.9%17.3%2.1%1.8%11.5M-124.6M-496.6K0.7422.6199473718,29713,164
2017-05-09$145.20$130.0016.7%4.7%13.3%17.2%18.7%2.0%2.6%9.2M-107.3M-478.3K0.5625.151,41479516,37413,247
2017-05-10$145.08$130.0016.5%4.7%13.4%16.1%17.3%2.9%2.3%9.0M-102.5M-483.5K0.9021.101,5321,38516,35513,356
2017-05-11$143.95$130.0016.8%4.8%13.6%17.3%17.3%1.9%1.9%7.8M-86.6M-492.6K0.4921.711,68683416,60414,047
2017-05-12$143.95$130.0016.3%4.7%13.1%15.3%18.1%2.0%2.5%8.2M-88.5M-493.7K0.8820.351,5401,36116,92614,167
2017-05-15$145.05$135.0016.4%4.7%13.1%15.8%19.2%1.8%2.2%7.8M-98.5M-484.5K0.8516.771,5061,27416,98614,718
2017-05-16$144.56$135.0016.4%4.7%13.4%15.9%17.3%2.1%2.3%7.4M-93.2M-479.2K0.7121.683,1012,21117,01314,954
2017-05-17$142.95$135.0017.4%5.0%14.2%20.1%20.4%2.6%1.7%8.0M-71.0M-510.4K0.8419.002,2401,88717,54916,288
2017-05-18$143.03$135.0016.6%4.8%13.3%16.7%16.9%2.4%2.0%8.0M-71.6M-512.4K1.7819.269721,72817,24616,379
2017-05-19$143.16$135.0016.1%4.6%13.3%14.6%18.3%2.4%2.3%6.8M-71.3M-497.1K2.4016.177121,70817,25516,461
2017-05-22$143.31$135.0015.4%4.4%12.1%11.5%17.5%2.4%1.0%7.2M-56.3M-488.5K1.4411.021,0251,47914,23614,927
2017-05-23$142.86$135.0015.4%4.4%11.2%11.3%15.5%1.7%0.2%7.3M-53.8M-478.6K0.9811.041,5971,56314,29715,045
2017-05-24$144.31$135.0014.6%4.2%11.8%8.1%13.9%2.1%0.6%8.5M-67.1M-483.1K1.7110.609201,57014,76315,282
2017-05-25$144.09$135.0014.5%4.2%11.6%7.6%12.4%1.8%1.1%8.5M-65.6M-475.1K1.7912.688451,51514,83115,261
2017-05-26$143.80$135.0014.8%4.2%11.4%8.8%13.4%1.8%0.7%8.5M-64.6M-466.0K1.2614.428411,06114,82915,299
2017-05-30$144.12$135.0015.0%4.3%10.8%9.6%15.8%1.9%0.5%9.0M-65.4M-453.1K1.7110.116241,06614,82715,315
2017-05-31$144.05$135.0015.1%4.3%10.4%10.2%15.2%2.3%-0.1%9.3M-66.5M-445.5K1.2211.679031,10215,06315,352