APD Options History — July 2017

In July 2017, APD traded between $142.09 and $146.02. ATM implied volatility averaged 18.0%, placing in the 22.5% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 5.5% (HV 20d: 12.5%). Max pain ranged from $140.00 to $145.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 1.15.

Notable Days

  • 2017-07-31: Highest Volume — 1,732 contracts
  • 2017-07-12: Largest IV spike — 35.2% change
  • 2017-07-31: Highest IV Rank — 47.3%
  • 2017-07-31: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$144.27$142.09$146.02$144.29$142.48
Max Pain$144.50$140.00$145.00$145.00$145.00
ATM IV18.0%13.0%23.8%14.0%23.8%
Expected Move5.4%4.0%6.8%4.0%6.8%
HV 20d12.5%9.1%14.4%13.4%9.1%
HV 60d12.2%11.4%12.8%12.4%11.4%
IV Rank22.5%0.8%47.3%5.2%47.3%
IV Percentile57.0%0.8%97.6%5.6%97.6%
Term Structure-1.7%-5.7%4.6%4.0%-5.7%
VWIV19.1%14.6%21.1%14.6%21.1%
Skew 25d2.8%1.8%4.7%2.1%4.7%
Skew 10d5.7%2.7%7.8%4.8%7.8%
Call IV 25d17.9%13.4%20.2%13.4%20.2%
Put IV 25d20.7%15.4%24.9%15.4%24.9%
Bid-Ask Spread %21.019.7085.9519.1924.48
Gamma HHI0.230.200.260.260.23
Net GEX4.4M3.1M6.1M5.2M3.5M
Net DEX-28.0M-41.3M-12.8M-29.9M-16.5M
Net VEX-383.6K-435.5K-339.9K-435.5K-339.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.150.851.451.060.89
Total Volume1,284.251,0051,7321,4561,732
Total OI23,413.8520,50624,85824,19921,000

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-07-03$144.29$145.0014.0%4.0%13.4%5.2%14.6%2.1%4.0%5.2M-29.9M-435.5K1.0619.1970874811,89712,302
2017-07-05$142.75$145.0014.2%4.1%13.7%6.1%15.7%1.8%4.6%3.9M-18.4M-422.2K1.1685.9546554011,94312,324
2017-07-06$142.09$145.0015.6%5.6%13.7%12.3%19.2%2.6%-0.9%3.1M-12.8M-421.9K1.0218.1459961211,95312,342
2017-07-07$143.84$145.0013.0%5.3%14.4%0.8%18.8%2.9%-1.4%4.3M-23.5M-415.1K1.1112.2556062111,94512,397
2017-07-10$143.79$145.0013.6%5.4%13.4%3.6%19.1%2.6%-1.3%4.3M-23.2M-410.2K1.0914.1556361312,00212,413
2017-07-11$142.89$145.0013.9%5.3%13.2%4.9%18.9%3.2%-0.8%3.5M-17.5M-402.8K1.1313.2751057612,11812,416
2017-07-12$143.86$145.0018.8%5.4%12.7%26.0%19.2%3.2%-1.6%4.2M-22.9M-402.7K0.9314.6762358012,15112,425
2017-07-13$144.49$145.0018.7%5.4%12.7%25.3%18.9%2.7%-1.6%4.8M-27.7M-405.6K1.1614.9551259212,15912,433
2017-07-14$145.71$145.0018.8%5.4%13.1%25.7%18.7%2.6%-2.1%6.1M-38.7M-386.5K1.1711.5667178812,20812,434
2017-07-17$145.58$145.0019.0%5.4%13.1%26.4%19.5%2.4%-1.9%5.2M-36.7M-376.3K1.2811.5953468312,18112,442
2017-07-18$145.28$140.0019.0%5.5%12.9%26.8%19.5%2.8%-2.0%4.5M-33.6M-375.6K1.2311.5558071112,20212,487
2017-07-19$146.02$140.0019.3%5.5%12.5%27.9%19.3%3.1%-2.2%4.7M-40.5M-366.8K1.2011.5165278212,23312,427
2017-07-20$145.98$145.0019.8%5.7%12.0%30.0%19.6%2.2%-3.0%4.7M-41.3M-367.8K0.8523.0486272912,32412,534
2017-07-21$145.32$145.0018.8%5.4%12.0%25.7%19.0%2.6%-2.1%4.6M-36.3M-373.3K1.169.7062271912,33412,505
2017-07-24$145.00$145.0019.8%5.7%12.0%30.0%19.8%3.0%-3.0%4.4M-32.9M-361.9K1.1610.505576469,10911,397
2017-07-25$144.80$145.0019.9%5.7%12.0%30.7%19.2%2.8%-3.1%4.3M-32.4M-354.0K1.2011.216167389,14811,416
2017-07-26$144.10$145.0019.5%5.6%12.0%28.9%19.8%2.6%-2.7%4.3M-27.8M-351.4K1.3169.685036609,26711,541
2017-07-27$143.62$145.0020.3%5.8%12.0%32.4%20.5%3.1%-3.4%4.0M-24.1M-352.7K1.4015.885057099,31011,604
2017-07-28$143.56$145.0020.6%5.9%9.7%33.6%21.1%3.6%-4.3%4.0M-23.4M-349.5K1.4517.045167489,33811,616
2017-07-31$142.48$145.0023.8%6.8%9.1%47.3%21.1%4.7%-5.7%3.5M-16.5M-339.9K0.8924.489188149,35711,643