APD Options History — December 2017

In December 2017, APD traded between $160.33 and $164.60. ATM implied volatility averaged 12.7%, placing in the 19.5% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded above realized volatility by 2.5% (HV 20d: 10.3%). 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 19 of 20 days. Put/call ratio averaged 0.67.

Notable Days

  • 2017-12-28: Highest Volume — 3,728 contracts
  • 2017-12-12: Largest IV drop — 14.1% change
  • 2017-12-05: Highest IV Rank — 40.4%
  • 2017-12-01: Largest Expected Move — 4.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$162.38$160.33$164.60$161.81$164.34
Max Pain$145.75$145.00$150.00$145.00$150.00
ATM IV12.7%11.2%15.6%14.8%11.5%
Expected Move3.6%3.2%4.2%4.2%3.3%
HV 20d10.3%9.6%11.2%9.6%10.0%
HV 60d12.1%11.4%12.7%12.7%12.2%
IV Rank19.5%8.0%40.4%34.6%10.1%
IV Percentile17.8%2.4%58.7%46.4%4.0%
Term Structure3.7%-1.1%5.4%-1.1%5.4%
VWIV13.8%11.6%19.5%14.2%13.6%
Skew 25d2.9%2.2%4.3%3.3%2.2%
Skew 10d6.1%4.5%9.2%7.8%5.3%
Call IV 25d11.4%9.2%12.9%12.9%11.0%
Put IV 25d14.3%13.2%16.1%16.1%13.2%
Bid-Ask Spread %18.7213.3628.1128.1113.36
Gamma HHI0.280.250.400.260.29
Net GEX6.4M5.0M8.8M6.4M5.0M
Net DEX-86.4M-110.2M-63.2M-97.8M-65.8M
Net VEX-270.5K-288.2K-250.7K-261.9K-264.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.141.151.060.29
Total Volume1,733.758913,7281,3362,682
Total OI22,071.1518,56325,29123,72718,633

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-12-01$161.81$145.0014.8%4.2%9.6%34.6%14.2%3.3%-1.1%6.4M-97.8M-261.9K1.0628.116496879,98913,738
2017-12-04$162.53$145.0014.4%3.6%9.7%31.9%13.8%2.6%2.9%6.5M-103.0M-255.1K0.8822.237386529,99913,769
2017-12-05$162.06$145.0015.6%3.9%9.7%40.4%13.8%2.8%2.5%6.9M-99.9M-253.1K1.1519.3761671010,13513,773
2017-12-06$160.33$145.0014.4%3.8%10.4%31.9%13.9%2.5%2.9%6.7M-90.5M-250.7K0.9319.0877672410,13413,822
2017-12-07$160.95$145.0014.0%4.0%10.1%28.3%13.9%2.5%2.5%6.4M-93.8M-251.8K0.3722.232,65497510,09313,809
2017-12-08$160.78$145.0013.2%3.8%10.1%22.5%13.7%2.7%2.6%7.3M-98.3M-288.2K0.7620.961,22793811,00014,004
2017-12-11$163.01$145.0014.0%3.7%11.2%28.7%13.3%3.0%3.7%7.5M-110.2M-280.4K0.5316.371,36872110,87014,054
2017-12-12$162.96$145.0012.0%3.6%9.7%14.3%14.4%3.0%3.8%7.9M-110.2M-283.4K0.9317.8078172511,14614,065
2017-12-13$162.54$145.0012.3%3.5%9.7%16.2%14.0%3.0%3.9%7.9M-108.1M-283.4K0.9220.2677571511,17814,071
2017-12-14$160.59$145.0013.2%3.8%10.2%22.5%14.3%2.8%3.5%8.8M-96.0M-277.9K0.6220.2176747611,17314,088
2017-12-15$160.34$145.0012.9%3.7%10.2%20.9%14.1%2.8%3.4%5.0M-99.9M-271.7K0.6022.5179848111,19914,092
2017-12-18$162.05$145.0012.9%3.7%10.9%20.4%13.0%3.0%3.9%5.5M-63.2M-267.3K0.7717.107375697,90510,658
2017-12-19$162.56$145.0011.6%3.3%10.9%11.4%13.6%2.5%4.2%5.6M-66.7M-267.9K0.6516.437454868,02210,716
2017-12-20$162.89$145.0011.6%3.3%10.8%10.9%11.6%2.5%4.5%5.8M-68.2M-267.8K0.3217.441,5805058,06210,754
2017-12-21$163.15$145.0011.3%3.2%10.8%9.0%14.0%2.5%4.6%5.8M-69.9M-279.1K0.3716.851,1474248,31710,821
2017-12-22$163.40$145.0011.2%3.2%10.7%8.0%12.6%2.6%4.9%5.8M-70.1M-282.1K0.4416.068023568,32610,886
2017-12-26$162.95$145.0011.5%3.3%10.7%10.4%12.8%2.9%4.4%5.9M-68.8M-277.7K0.6815.675303618,38910,904
2017-12-27$163.81$150.0011.3%3.2%9.9%8.8%12.1%4.0%5.1%6.1M-73.0M-275.3K1.0617.705195518,39210,917
2017-12-28$164.60$150.0011.3%3.2%10.0%8.7%19.5%4.3%5.4%5.9M-75.3M-270.5K0.1414.743,2764528,38911,131
2017-12-29$164.34$150.0011.5%3.3%10.0%10.1%13.6%2.2%5.4%5.0M-65.8M-264.4K0.2913.362,0736097,47711,156