APD Options History — March 2018

In March 2018, APD traded between $158.28 and $171.20. ATM implied volatility averaged 18.6%, placing in the 46.4% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded below realized volatility by 2.2% (HV 20d: 20.9%). Max pain ranged from $160.00 to $165.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.21.

Notable Days

  • 2018-03-13: Highest Volume — 4,344 contracts
  • 2018-03-22: Largest IV spike — 16.9% change
  • 2018-03-28: Highest IV Rank — 58.6%
  • 2018-03-28: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$164.62$158.28$171.20$161.09$159.20
Max Pain$163.33$160.00$165.00$160.00$165.00
ATM IV18.6%15.2%20.9%20.6%19.4%
Expected Move5.2%4.3%6.0%5.9%5.6%
HV 20d20.9%16.7%27.3%27.3%22.0%
HV 60d20.6%19.3%22.3%19.3%22.3%
IV Rank46.4%27.5%58.6%56.9%50.5%
IV Percentile82.3%57.5%94.0%93.7%84.9%
Term Structure1.7%-1.5%2.9%-1.5%2.7%
VWIV19.1%16.7%21.9%20.4%19.7%
Skew 25d4.1%3.1%5.0%4.9%4.1%
Skew 10d7.6%5.9%9.9%9.9%8.0%
Call IV 25d16.9%14.2%20.4%18.3%18.4%
Put IV 25d21.0%17.9%24.7%23.2%22.5%
Bid-Ask Spread %21.7413.7243.4439.1820.10
Gamma HHI0.220.110.820.190.12
Net GEX5.2M400.9K34.6M3.6M742.5K
Net DEX-44.5M-102.4M1.4M-28.5M-4.0M
Net VEX-405.8K-425.9K-388.8K-405.7K-415.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.210.223.021.931.69
Total Volume1,729.4761,1414,3441,8901,433
Total OI15,846.38112,90618,76815,98914,815

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-03-01$161.09$160.0020.6%5.9%27.3%56.9%20.4%4.9%-1.5%3.6M-28.5M-405.7K1.9339.186461,2449,8066,183
2018-03-02$160.07$160.0020.2%5.8%27.1%54.6%21.3%4.7%-1.4%3.1M-21.7M-409.9K1.0925.666076609,8086,541
2018-03-05$163.39$160.0018.1%5.0%27.1%43.4%19.0%4.4%1.7%4.0M-39.1M-403.6K1.1419.946427349,8056,568
2018-03-06$163.89$160.0017.7%5.0%23.3%41.5%19.6%4.5%1.8%4.5M-44.7M-399.9K0.9223.785935489,8506,568
2018-03-07$164.61$160.0018.1%5.0%22.4%43.3%18.0%4.0%1.8%4.8M-50.7M-388.8K0.4321.111,3885989,8896,559
2018-03-08$166.81$160.0019.3%5.2%22.4%49.9%18.0%4.0%1.5%5.8M-70.3M-425.9K0.7621.3478059610,6256,595
2018-03-09$171.00$160.0018.1%5.0%19.1%43.3%16.9%4.0%1.4%5.8M-95.2M-416.0K0.3724.981,60159010,6506,607
2018-03-12$171.20$165.0019.9%4.9%16.7%53.3%18.5%4.2%2.0%7.4M-102.4M-392.9K0.6317.2294459011,4876,659
2018-03-13$170.91$165.0019.4%4.8%16.7%50.5%18.0%3.7%2.1%7.5M-101.8M-416.1K0.2222.623,56078411,7826,724
2018-03-14$169.12$165.0016.5%4.7%17.4%34.8%20.1%3.5%2.1%6.9M-84.5M-421.5K0.3815.291,98075411,6866,994
2018-03-15$169.29$165.0016.1%4.6%17.2%32.7%18.1%3.1%2.3%8.1M-85.7M-416.1K0.9717.9563461811,7117,051
2018-03-16$169.88$165.0015.2%4.3%16.8%27.5%16.7%3.7%2.5%34.6M-88.9M-410.9K0.6118.051,16170511,7117,057
2018-03-19$166.72$165.0017.3%4.9%18.3%38.8%18.2%3.9%2.6%2.6M-33.2M-407.3K0.9918.786886837,6405,266
2018-03-20$165.76$165.0017.0%4.9%18.3%37.5%17.0%3.4%2.9%2.5M-29.6M-403.5K0.8413.726535517,6435,328
2018-03-21$166.36$165.0017.2%4.9%17.5%38.4%16.8%3.9%1.9%2.6M-33.1M-397.2K2.4915.595301,3227,6895,351
2018-03-22$161.24$165.0020.1%5.8%20.7%54.2%21.1%4.3%1.5%1.5M-13.1M-393.7K1.7216.575148847,7175,639
2018-03-23$158.28$165.0020.4%5.9%21.3%56.1%21.1%4.5%1.7%714.4K-1.2M-391.5K1.6322.555308627,6766,140
2018-03-26$161.03$165.0019.9%5.7%22.2%53.1%19.8%4.2%2.0%1.1M-8.6M-400.7K3.0243.444911,4847,7106,244
2018-03-27$158.74$165.0020.2%5.8%22.6%54.8%21.9%5.0%1.8%441.0K1.1M-397.5K1.6925.005058557,7146,761
2018-03-28$158.42$165.0020.9%6.0%21.9%58.6%21.4%4.4%2.1%400.9K1.4M-408.5K1.9413.774699087,7526,773
2018-03-29$159.20$165.0019.4%5.6%22.0%50.5%19.7%4.1%2.7%742.5K-4.0M-415.3K1.6920.105339007,8706,945