APD Options History — November 2017

In November 2017, APD traded between $158.79 and $163.10. ATM implied volatility averaged 12.6%, placing in the 18.3% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded below realized volatility by 2.6% (HV 20d: 15.2%). Max pain ranged from $145.00 to $155.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.98.

Notable Days

  • 2017-11-29: Highest Volume — 2,497 contracts
  • 2017-11-14: Largest IV spike — 15.7% change
  • 2017-11-14: Highest IV Rank — 26.5%
  • 2017-11-14: Largest Expected Move — 3.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$161.16$158.79$163.10$159.86$163.03
Max Pain$145.48$145.00$155.00$155.00$145.00
ATM IV12.6%11.6%13.7%12.3%12.7%
Expected Move3.6%3.3%3.9%3.5%3.7%
HV 20d15.2%8.4%18.0%16.5%9.2%
HV 60d12.5%12.0%12.7%12.7%12.5%
IV Rank18.3%11.4%26.5%15.1%19.4%
IV Percentile9.7%2.4%22.6%4.8%10.3%
Term Structure0.1%-0.7%0.6%0.2%-0.7%
VWIV13.3%12.2%16.3%16.3%12.4%
Skew 25d2.5%1.8%3.8%3.8%3.3%
Skew 10d4.8%3.5%8.5%4.1%7.6%
Call IV 25d11.6%9.8%12.7%12.7%11.5%
Put IV 25d14.1%13.3%16.5%16.5%14.7%
Bid-Ask Spread %21.928.0693.8393.8326.06
Gamma HHI0.240.210.280.230.28
Net GEX5.9M5.1M6.6M5.8M6.3M
Net DEX-98.1M-112.2M-87.0M-92.6M-104.9M
Net VEX-256.4K-277.7K-229.4K-277.7K-259.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.980.371.210.960.94
Total Volume1,541.6191,2612,4971,3811,510
Total OI23,255.90522,82123,99123,20323,575

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-11-01$159.86$155.0012.3%3.5%16.5%15.1%16.3%3.8%0.2%5.8M-92.6M-277.7K0.9693.837056769,48413,719
2017-11-02$159.39$145.0012.1%3.7%16.6%14.0%14.2%2.6%-0.0%5.9M-90.0M-272.7K1.1113.526196899,48513,719
2017-11-03$159.15$145.0012.0%3.5%16.7%13.4%13.3%2.3%0.5%6.1M-89.3M-269.1K1.1211.596066809,46913,703
2017-11-06$158.79$145.0012.8%3.6%16.6%18.2%13.7%2.1%0.2%6.2M-87.0M-264.8K1.1116.295986639,47913,713
2017-11-07$159.71$145.0012.6%3.5%16.7%17.1%13.4%2.1%0.3%6.2M-92.7M-257.2K1.0612.746216619,51413,706
2017-11-08$160.90$145.0012.4%3.5%16.7%15.5%13.2%2.2%0.4%6.2M-100.7M-245.0K1.0013.086636659,53713,705
2017-11-09$160.55$145.0012.8%3.7%16.8%19.6%12.9%2.4%0.1%6.3M-99.1M-248.5K0.9113.797827099,58513,694
2017-11-10$160.27$145.0012.9%3.7%16.9%20.7%13.0%2.3%0.3%6.4M-98.4M-250.9K1.0117.327457519,62513,690
2017-11-13$162.76$145.0011.8%3.4%17.5%12.8%12.4%2.3%0.1%5.7M-112.2M-229.4K1.0213.118618769,64113,708
2017-11-14$162.09$145.0013.7%3.9%17.6%26.5%13.5%2.5%-0.1%5.9M-107.9M-241.0K1.0815.856857429,75713,812
2017-11-15$160.82$145.0013.1%3.8%18.0%22.3%12.5%2.6%-0.0%6.6M-102.8M-241.1K0.9115.878207449,79413,825
2017-11-16$161.25$145.0012.8%3.7%17.8%19.8%12.2%2.2%-0.2%6.5M-105.7M-237.4K0.8414.471,1209459,84513,900
2017-11-17$161.70$145.0012.8%3.7%17.7%20.0%12.3%2.1%0.0%5.1M-103.3M-258.2K0.8318.201,0618859,77414,217
2017-11-20$161.61$145.0012.9%3.7%17.7%20.4%14.0%2.6%0.5%5.4M-92.9M-276.8K0.8413.858717349,27013,575
2017-11-21$162.29$145.0012.9%3.7%17.7%20.8%13.4%1.8%0.6%5.4M-97.3M-266.0K0.8313.038787319,28113,540
2017-11-22$161.74$145.0013.0%3.7%17.7%21.2%13.4%2.4%-0.1%5.6M-94.0M-270.0K1.1463.147148159,33213,572
2017-11-24$161.56$145.0012.8%3.7%8.5%20.2%13.0%2.4%0.3%5.5M-95.2M-261.2K1.2144.836617979,31713,701
2017-11-27$161.01$145.0013.0%3.7%8.4%21.6%12.8%2.6%0.0%5.7M-91.6M-260.3K1.118.066116819,32513,701
2017-11-28$163.10$145.0011.6%3.3%9.3%11.4%13.3%3.8%-0.1%5.4M-102.7M-248.4K1.159.206076959,32613,715
2017-11-29$162.76$145.0012.2%3.5%9.2%15.2%13.4%2.7%-0.4%5.6M-100.3M-250.8K0.3712.521,8216769,33413,710
2017-11-30$163.03$145.0012.7%3.7%9.2%19.4%12.4%3.3%-0.7%6.3M-104.9M-259.0K0.9426.067787329,85013,725