APD Options History — April 2018

In April 2018, APD traded between $156.33 and $168.60. ATM implied volatility averaged 20.8%, placing in the 58.3% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded below realized volatility by 2.9% (HV 20d: 23.7%). 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 3 of 21 days. Put/call ratio averaged 1.22.

Notable Days

  • 2018-04-13: Highest Volume — 3,701 contracts
  • 2018-04-26: Largest IV drop — 20.0% change
  • 2018-04-02: Highest IV Rank — 79.0%
  • 2018-04-02: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$163.66$156.33$168.60$156.33$162.70
Max Pain$163.81$160.00$165.00$165.00$165.00
ATM IV20.8%16.0%24.7%24.7%16.0%
Expected Move6.1%4.6%7.1%7.1%4.6%
HV 20d23.7%21.9%25.9%22.8%21.9%
HV 60d23.8%22.5%24.5%22.5%23.8%
IV Rank58.3%32.0%79.0%79.0%32.0%
IV Percentile88.5%56.7%99.2%99.2%56.7%
Term Structure-1.4%-3.7%2.2%0.3%-0.1%
VWIV21.3%16.1%24.3%22.6%16.3%
Skew 25d3.9%2.6%5.4%5.1%3.4%
Skew 10d8.2%5.2%10.3%9.1%6.4%
Call IV 25d19.7%15.2%22.0%21.7%15.7%
Put IV 25d23.5%18.2%26.8%26.8%19.1%
Bid-Ask Spread %25.4616.4943.0725.4721.12
Gamma HHI0.160.120.250.120.18
Net GEX2.4M224.3K5.5M224.3K2.5M
Net DEX-23.9M-51.2M6.1M6.1M-15.6M
Net VEX-435.0K-477.1K-396.5K-396.5K-452.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.220.521.931.841.12
Total Volume2,376.4291,3743,7011,3742,816
Total OI16,615.85714,88118,82314,88118,757

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-04-02$156.33$165.0024.7%7.1%22.8%79.0%22.6%5.1%0.3%224.3K6.1M-396.5K1.8425.474838917,9206,961
2018-04-03$159.12$165.0020.6%5.9%22.5%56.9%21.0%5.4%2.2%684.7K-2.8M-402.5K1.0016.499018977,9386,965
2018-04-04$162.24$165.0021.2%6.1%23.6%60.2%21.8%4.6%1.5%1.3M-15.1M-417.1K1.1516.787698818,0906,995
2018-04-05$164.16$165.0018.8%6.2%24.0%47.2%22.2%4.2%-1.6%1.8M-22.9M-416.4K1.0821.107858468,0667,017
2018-04-06$159.97$165.0021.7%6.8%25.1%62.8%24.2%5.0%-2.0%910.9K-7.2M-410.9K1.1325.568029058,1867,010
2018-04-09$160.95$160.0022.8%6.8%23.2%69.0%24.3%4.4%-1.9%1.1M-11.4M-408.8K1.7217.765799988,2197,090
2018-04-10$163.56$160.0020.2%6.4%24.1%54.6%23.4%4.3%-1.8%1.6M-21.6M-415.3K1.1743.071,2351,4438,2417,206
2018-04-11$161.43$165.0023.5%6.7%24.4%72.5%22.9%4.2%-1.9%1.1M-10.2M-435.3K1.1633.231,1841,3798,5817,595
2018-04-12$163.58$160.0021.7%6.2%24.9%62.9%22.4%3.9%-1.7%1.9M-20.1M-440.5K0.5329.052,3871,2608,7227,660
2018-04-13$162.86$160.0021.4%6.1%24.9%61.1%22.2%3.8%-1.7%1.9M-19.1M-454.2K0.5223.942,4391,2629,1147,824
2018-04-16$165.53$160.0021.2%6.1%25.7%60.1%22.0%3.8%-1.9%2.8M-32.8M-446.9K0.9218.701,4201,3009,1637,855
2018-04-17$168.60$165.0019.5%5.6%25.7%51.0%21.1%4.0%-1.3%4.9M-50.8M-436.6K1.2724.579501,2099,4277,868
2018-04-18$168.45$165.0019.3%5.5%25.6%49.8%19.9%3.1%-2.1%5.5M-51.2M-430.7K1.0733.091,1561,2389,5117,916
2018-04-19$166.72$165.0020.8%6.0%25.9%57.9%20.1%2.6%-2.2%3.3M-42.3M-434.7K1.0631.261,0541,1209,8038,017
2018-04-20$165.99$165.0021.1%6.1%23.2%59.8%20.5%3.5%-2.1%3.3M-38.9M-439.6K1.5124.988081,2179,8698,079
2018-04-23$165.83$165.0021.7%6.2%22.0%62.8%20.5%3.4%-2.8%2.7M-32.7M-435.2K1.5117.127921,1948,6437,620
2018-04-24$162.80$165.0023.3%6.7%22.4%71.5%23.1%3.0%-3.0%2.1M-19.8M-436.8K1.4833.111,0741,5858,9307,708
2018-04-25$164.85$165.0023.5%6.8%22.1%73.0%23.5%3.5%-3.7%2.7M-29.1M-476.0K1.9331.387681,4859,3968,210
2018-04-26$165.96$165.0018.8%5.4%22.1%47.4%18.2%3.2%-2.0%3.5M-32.7M-471.3K1.2024.631,6311,9539,6608,278
2018-04-27$165.25$165.0016.3%4.7%22.2%33.6%16.1%2.9%-0.1%3.5M-32.1M-477.1K1.2922.181,2271,58210,1728,651
2018-04-30$162.70$165.0016.0%4.6%21.9%32.0%16.3%3.4%-0.1%2.5M-15.6M-452.0K1.1221.121,3261,49010,1548,603