APD Options History — September 2017

In September 2017, APD traded between $144.38 and $151.52. ATM implied volatility averaged 12.9%, placing in the 3.7% IV rank vs the trailing year. The 30-day expected move averaged 3.8%. IV traded above realized volatility by 1.7% (HV 20d: 11.2%). Max pain ranged from $145.00 to $150.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 1.30.

Notable Days

  • 2017-09-05: Highest Volume — 4,858 contracts
  • 2017-09-05: Largest IV spike — 12.8% change
  • 2017-09-05: Highest IV Rank — 8.0%
  • 2017-09-05: Largest Expected Move — 4.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$149.08$144.38$151.52$145.73$151.13
Max Pain$146.25$145.00$150.00$145.00$150.00
ATM IV12.9%12.0%14.2%12.6%12.2%
Expected Move3.8%3.5%4.2%3.6%3.5%
HV 20d11.2%8.9%13.4%9.5%11.5%
HV 60d14.2%13.5%14.8%14.2%13.5%
IV Rank3.7%0.0%8.0%1.2%0.9%
IV Percentile3.8%0.0%15.1%0.4%0.8%
Term Structure3.4%2.0%4.5%2.0%4.5%
VWIV14.7%13.0%16.7%15.5%14.3%
Skew 25d2.4%2.0%2.9%2.0%2.2%
Skew 10d5.3%3.8%7.3%3.8%5.0%
Call IV 25d12.2%11.0%13.7%12.4%11.0%
Put IV 25d14.6%13.2%16.1%14.4%13.2%
Bid-Ask Spread %18.787.3441.0112.2916.10
Gamma HHI0.340.170.910.380.19
Net GEX7.7M851.0K66.3M2.8M2.8M
Net DEX-41.5M-82.2M-4.4M-23.4M-40.1M
Net VEX-318.3K-347.0K-283.8K-345.2K-345.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.300.236.691.572.48
Total Volume2,215.351,1294,8581,7422,170
Total OI23,689.618,85028,44327,66621,117

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-09-01$145.73$145.0012.6%3.6%9.5%1.2%15.5%2.0%2.0%2.8M-23.4M-345.2K1.5712.296791,06311,71615,950
2017-09-05$144.51$145.0014.2%4.2%9.8%8.0%16.7%2.3%2.3%887.1K-4.4M-320.9K6.6918.546324,22611,72815,955
2017-09-06$144.50$145.0012.5%4.1%9.2%1.0%15.7%2.8%2.5%2.2M-8.9M-312.4K1.2717.8068386811,76115,491
2017-09-07$144.38$145.0012.1%4.0%9.1%0.0%14.6%2.9%2.6%2.1M-8.0M-311.6K0.6214.901,36784311,79215,471
2017-09-08$144.93$145.0012.0%4.0%8.9%0.0%14.7%2.6%2.6%851.0K-14.7M-308.5K0.7916.431,3331,04711,50815,486
2017-09-11$149.09$145.0013.1%3.8%13.4%4.9%14.8%2.3%2.9%9.9M-64.0M-283.8K0.4714.842,01993911,37515,768
2017-09-12$149.20$145.0013.4%3.9%12.9%6.0%13.8%2.1%2.9%9.8M-67.4M-289.8K1.5417.7356286811,38415,842
2017-09-13$149.15$145.0013.4%3.8%12.9%5.9%15.4%2.9%3.4%10.9M-66.9M-289.1K0.5920.651,39082011,43815,897
2017-09-14$150.03$145.0013.0%3.7%12.9%4.4%15.9%2.3%3.5%18.0M-78.3M-301.9K0.2322.943,81888312,09516,130
2017-09-15$150.15$145.0013.1%3.7%11.5%4.7%15.1%2.7%3.2%66.3M-82.2M-327.3K0.3319.713,2521,08912,21916,224
2017-09-18$150.79$145.0013.4%3.9%11.5%6.1%15.4%2.2%3.9%3.0M-40.5M-314.3K0.7119.541,3009247,72011,130
2017-09-19$150.51$145.0013.2%3.8%11.4%5.3%16.7%2.2%3.1%2.9M-39.7M-323.2K0.6712.291,1377587,97011,415
2017-09-20$150.99$145.0012.8%3.7%11.4%3.4%13.4%2.8%3.7%2.7M-39.6M-347.0K1.1538.346757758,05511,499
2017-09-21$151.00$145.0012.7%3.6%11.1%3.1%14.7%2.4%3.9%3.1M-42.5M-323.7K0.8611.176405538,10111,528
2017-09-22$150.28$145.0012.3%3.5%11.4%1.5%13.0%2.8%4.5%2.9M-38.7M-324.4K1.037.346376568,11211,539
2017-09-25$151.52$150.0013.3%3.8%11.5%5.5%13.8%2.7%3.5%3.1M-43.2M-318.6K0.7321.937875748,14711,646
2017-09-26$150.96$150.0013.0%3.7%11.6%4.2%14.0%2.1%3.8%3.1M-41.8M-320.3K0.7141.017935638,33011,676
2017-09-27$151.33$150.0013.0%3.7%11.5%4.5%13.6%2.1%4.0%3.1M-42.6M-322.4K1.1019.485375928,38011,740
2017-09-28$151.48$150.0012.6%3.6%11.5%2.8%13.1%2.4%4.1%3.2M-43.5M-335.9K2.4712.555341,3218,50211,955
2017-09-29$151.13$150.0012.2%3.5%11.5%0.9%14.3%2.2%4.5%2.8M-40.1M-345.5K2.4816.106241,5468,53312,584