APD Options History — January 2018

In January 2018, APD traded between $165.44 and $173.95. ATM implied volatility averaged 16.2%, placing in the 45.0% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 5.2% (HV 20d: 11.0%). Max pain ranged from $150.00 to $170.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.55.

Notable Days

  • 2018-01-25: Highest Volume — 4,319 contracts
  • 2018-01-10: Largest IV spike — 58.9% change
  • 2018-01-25: Highest IV Rank — 87.9%
  • 2018-01-25: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$168.59$165.44$173.95$165.44$168.61
Max Pain$163.57$150.00$170.00$150.00$170.00
ATM IV16.2%10.1%22.1%11.9%16.4%
Expected Move5.0%3.4%6.3%3.4%4.7%
HV 20d11.0%8.1%17.3%9.7%17.2%
HV 60d12.4%10.0%13.3%12.3%12.5%
IV Rank45.0%0.0%87.9%13.0%45.9%
IV Percentile61.9%0.0%99.2%6.3%76.6%
Term Structure-1.2%-3.8%5.3%4.9%-0.3%
VWIV18.1%12.1%23.1%13.9%16.8%
Skew 25d3.2%1.9%3.9%3.0%2.4%
Skew 10d6.5%3.8%8.2%6.9%4.4%
Call IV 25d16.2%10.7%21.1%10.7%15.9%
Put IV 25d19.3%13.3%24.5%13.6%18.3%
Bid-Ask Spread %18.879.6925.6513.2311.33
Gamma HHI0.280.230.330.290.26
Net GEX4.5M2.7M5.6M5.2M4.7M
Net DEX-72.6M-92.9M-42.9M-70.8M-56.2M
Net VEX-315.5K-408.8K-255.7K-255.7K-408.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.151.270.320.45
Total Volume2,701.4299204,3192,7292,091
Total OI17,580.66710,04621,98418,82415,858

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-01-02$165.44$150.0011.9%3.4%9.7%13.0%13.9%3.0%4.9%5.2M-70.8M-255.7K0.3213.232,0626677,52311,301
2018-01-03$166.43$150.0012.0%3.5%9.8%14.4%12.1%2.6%5.3%5.2M-76.1M-256.2K0.2516.603,1638047,58811,426
2018-01-04$166.97$160.0012.3%5.0%9.7%16.5%17.4%2.9%-1.5%5.5M-81.8M-277.9K0.5619.731,4097908,17911,444
2018-01-05$168.41$160.0010.1%4.7%8.9%0.0%17.0%3.5%-1.5%5.3M-88.2M-270.5K0.5019.481,4887408,18911,525
2018-01-08$168.63$160.0010.9%4.9%8.9%5.8%19.8%3.5%-1.6%5.4M-90.3M-269.8K1.2720.301,1811,4978,26711,566
2018-01-09$169.12$160.0010.6%4.9%8.8%3.9%19.3%3.0%-1.6%4.9M-91.1M-291.4K0.5621.772,3841,3338,37712,337
2018-01-10$168.37$165.0016.9%4.8%8.1%49.5%19.8%3.6%-1.5%5.3M-82.3M-313.0K0.7520.561,7231,2928,53212,451
2018-01-11$169.88$165.0016.9%4.8%8.4%49.7%18.1%3.7%-1.1%4.9M-90.9M-304.5K0.4919.302,0259868,56712,483
2018-01-12$169.97$165.0017.1%4.9%8.3%51.2%16.5%3.2%-1.5%4.7M-92.9M-305.1K0.4423.531,8508118,73012,701
2018-01-16$166.88$165.0019.5%5.6%9.9%69.1%18.6%3.8%-2.5%5.6M-75.2M-311.0K0.5125.651,9851,0038,73312,748
2018-01-17$168.45$165.0018.6%5.3%10.1%62.0%19.1%3.4%-2.1%4.7M-84.7M-312.1K0.5021.261,9239608,75813,056
2018-01-18$166.94$165.0019.6%5.6%10.4%69.2%19.1%3.6%-2.4%4.7M-75.1M-314.4K0.5120.961,8609418,76113,092
2018-01-19$167.81$165.0018.1%5.2%10.5%58.3%18.6%3.6%-2.2%2.7M-82.1M-315.1K0.7318.381,2719298,84213,142
2018-01-22$168.60$165.0018.6%5.3%10.5%62.1%19.0%3.9%-2.5%2.9M-47.1M-302.0K0.6822.186024106,2523,794
2018-01-23$169.69$165.0018.8%5.4%10.7%63.9%20.3%3.9%-2.7%3.1M-52.2M-310.9K0.8416.415014196,3963,868
2018-01-24$170.94$165.0021.1%6.1%10.8%80.7%21.5%3.5%-3.8%3.0M-56.6M-312.4K0.1525.203,3444896,4623,881
2018-01-25$173.95$165.0022.1%6.3%11.9%87.9%23.1%3.4%-3.8%3.5M-74.9M-338.1K0.5525.092,7941,5257,4684,050
2018-01-26$169.83$170.0015.0%4.3%15.3%36.3%15.8%1.9%-0.1%4.1M-58.0M-368.6K0.519.692,2971,1818,2665,004
2018-01-29$166.71$170.0017.6%5.0%16.9%55.0%16.7%2.2%-1.3%3.3M-42.9M-388.7K0.439.861,4936448,8105,598
2018-01-30$168.74$170.0016.9%4.8%17.3%49.9%17.3%1.9%-0.5%4.6M-56.0M-398.9K0.6115.691,1577069,4335,736
2018-01-31$168.61$170.0016.4%4.7%17.2%45.9%16.8%2.4%-0.3%4.7M-56.2M-408.8K0.4511.331,4446479,9745,884