APD Options History — August 2017

In August 2017, APD traded between $144.90 and $149.00. ATM implied volatility averaged 13.8%, placing in the 5.1% IV rank vs the trailing year. The 30-day expected move averaged 3.9%. IV traded below realized volatility by 3.7% (HV 20d: 17.5%). Max pain ranged from $140.00 to $145.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 1.62.

Notable Days

  • 2017-08-31: Highest Volume — 4,248 contracts
  • 2017-08-17: Largest IV spike — 19.6% change
  • 2017-08-17: Highest IV Rank — 10.2%
  • 2017-08-17: Largest Expected Move — 4.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$146.21$144.90$149.00$149.00$145.41
Max Pain$141.52$140.00$145.00$145.00$145.00
ATM IV13.8%12.3%14.7%13.6%14.4%
Expected Move3.9%3.5%4.2%3.9%4.1%
HV 20d17.5%9.5%19.4%18.4%9.5%
HV 60d14.4%14.2%14.7%14.3%14.2%
IV Rank5.1%0.0%10.2%3.0%8.9%
IV Percentile7.4%0.0%19.0%2.0%18.7%
Term Structure2.2%-0.5%4.1%-0.3%0.6%
VWIV13.9%12.5%15.4%14.0%14.7%
Skew 25d2.2%1.5%2.6%2.4%1.5%
Skew 10d4.5%3.0%7.3%4.2%5.1%
Call IV 25d13.0%12.2%14.4%13.5%14.4%
Put IV 25d15.2%14.2%16.1%15.9%15.9%
Bid-Ask Spread %14.588.2925.7625.7618.71
Gamma HHI0.300.270.360.270.31
Net GEX7.3M6.1M9.1M7.3M7.0M
Net DEX-41.7M-61.4M-31.6M-61.4M-31.6M
Net VEX-347.2K-367.8K-324.1K-324.1K-326.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.620.374.850.523.99
Total Volume2,041.8261,2324,2482,2194,248
Total OI23,905.26121,56625,36621,56624,916

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-08-01$149.00$145.0013.6%3.9%18.4%3.0%14.0%2.4%-0.3%7.3M-61.4M-324.1K0.5225.761,4607599,72711,839
2017-08-02$147.97$145.0013.8%3.9%18.1%3.8%14.5%1.8%-0.5%7.1M-53.0M-333.0K1.2620.155707219,87211,965
2017-08-03$146.80$140.0013.8%4.1%18.3%4.0%14.1%2.5%2.5%7.2M-45.1M-333.8K0.5415.181,52182510,02212,017
2017-08-04$147.23$140.0013.7%3.9%17.9%3.6%12.5%2.2%3.1%7.9M-53.8M-362.4K1.0612.0668572610,93312,132
2017-08-07$147.32$140.0014.7%4.0%17.9%7.7%12.7%2.1%2.9%8.4M-55.1M-359.5K1.2813.3954169111,13312,211
2017-08-08$145.78$140.0013.7%4.0%18.2%3.7%13.5%2.4%2.7%7.3M-41.4M-357.5K1.1813.9756867111,21212,219
2017-08-09$146.05$140.0013.7%3.9%18.1%3.4%13.3%2.4%3.2%7.5M-43.3M-357.2K1.2414.2874993111,24512,303
2017-08-10$145.05$140.0014.3%4.1%18.2%6.2%14.3%2.2%2.9%6.5M-34.0M-367.8K1.7113.4457498011,42312,575
2017-08-11$144.90$140.0014.5%4.2%18.0%7.3%15.4%2.3%2.6%6.1M-32.0M-366.4K4.0514.086172,50011,42412,671
2017-08-14$146.53$140.0013.7%3.9%18.4%3.6%14.5%2.0%3.2%7.7M-47.3M-344.2K4.8515.025322,57811,46712,676
2017-08-15$146.79$140.0013.9%4.0%18.4%4.2%14.3%2.5%2.9%7.8M-49.2M-348.6K4.2813.836092,60711,51912,778
2017-08-16$147.83$140.0012.3%3.5%18.5%0.0%14.1%2.0%4.1%9.1M-59.1M-339.4K3.5013.177462,61111,55612,939
2017-08-17$145.64$140.0014.7%4.2%19.3%10.2%15.0%2.3%3.0%7.1M-40.6M-349.2K1.3717.888631,18611,65612,939
2017-08-18$145.86$140.0014.3%4.1%19.2%8.4%14.3%2.5%3.1%7.0M-41.4M-364.8K0.9219.2193285711,85413,512
2017-08-21$145.39$140.0014.1%4.0%19.2%7.7%14.3%2.4%2.1%6.2M-32.0M-351.3K0.958.2972168210,71812,925
2017-08-22$145.99$140.0014.1%4.0%19.3%7.8%13.6%2.0%1.6%6.7M-37.8M-356.0K0.4010.901,60863710,79413,027
2017-08-23$145.17$140.0013.4%3.9%19.3%5.0%14.2%1.8%1.9%6.7M-31.7M-356.5K0.3712.651,62059911,28213,051
2017-08-24$145.25$140.0013.5%3.9%19.3%5.0%13.5%2.0%1.7%6.8M-32.5M-349.6K0.5211.311,19662511,38513,078
2017-08-25$146.12$145.0012.9%3.7%19.4%2.8%13.1%2.3%2.1%7.3M-38.3M-346.9K0.7815.1874758411,47413,172
2017-08-28$145.78$145.0013.5%3.9%19.1%5.4%12.8%2.6%1.2%7.4M-34.6M-337.2K0.8711.6678768211,57113,206
2017-08-29$145.38$145.0013.2%3.8%10.1%3.8%13.3%2.2%1.7%7.4M-32.1M-327.2K0.8814.1469961711,54113,134
2017-08-30$145.48$145.0012.9%3.7%9.8%2.5%12.9%2.0%1.9%7.6M-32.5M-326.1K0.7411.1974855211,56213,166
2017-08-31$145.41$145.0014.4%4.1%9.5%8.9%14.7%1.5%0.6%7.0M-31.6M-326.8K3.9918.718523,39611,52113,395