APD Options History — May 2018

In May 2018, APD traded between $160.17 and $169.26. ATM implied volatility averaged 15.9%, placing in the 31.4% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 0.6% (HV 20d: 15.3%). Max pain ranged from $160.00 to $165.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 1.93.

Notable Days

  • 2018-05-01: Highest Volume — 2,932 contracts
  • 2018-05-29: Largest IV spike — 25.8% change
  • 2018-05-01: Highest IV Rank — 45.8%
  • 2018-05-01: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$164.75$160.17$169.26$162.07$161.68
Max Pain$160.45$160.00$165.00$165.00$160.00
ATM IV15.9%13.8%18.5%18.5%16.2%
Expected Move4.5%4.0%5.3%5.3%4.6%
HV 20d15.3%11.9%21.2%21.2%13.1%
HV 60d20.0%19.0%23.3%23.3%19.1%
IV Rank31.4%20.3%45.8%45.8%33.0%
IV Percentile55.6%36.9%75.4%75.4%59.5%
Term Structure0.7%-1.5%2.4%-1.1%-0.2%
VWIV16.0%14.1%18.4%16.8%15.6%
Skew 25d2.9%2.1%3.8%3.4%3.6%
Skew 10d6.0%3.7%8.0%7.2%6.2%
Call IV 25d14.7%13.4%17.1%16.4%14.3%
Put IV 25d17.6%16.0%19.9%19.9%17.9%
Bid-Ask Spread %20.0613.8627.0117.1026.31
Gamma HHI0.200.170.230.180.22
Net GEX4.2M1.2M6.2M2.2M3.5M
Net DEX-28.5M-56.8M-1.7M-11.3M-4.4M
Net VEX-435.6K-457.1K-397.6K-450.5K-397.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.930.972.551.162.26
Total Volume2,114.1821,7512,9322,9321,927
Total OI19,235.90917,64719,98218,80719,439

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-05-01$162.07$165.0018.5%5.3%21.2%45.8%16.8%3.4%-1.1%2.2M-11.3M-450.5K1.1617.101,3591,57310,1958,612
2018-05-02$161.54$165.0018.5%5.3%20.0%45.7%17.8%2.6%-0.9%1.8M-8.9M-457.1K1.3125.709101,19110,2118,699
2018-05-03$160.17$160.0018.3%5.0%19.7%44.4%17.1%3.3%0.6%1.2M-1.7M-441.3K1.5520.367931,23110,3368,693
2018-05-04$162.88$160.0015.6%4.5%18.4%30.0%18.4%3.8%1.5%2.5M-15.1M-447.9K1.5726.587901,24210,3848,707
2018-05-07$163.49$160.0016.4%4.6%18.3%34.0%18.4%3.1%1.3%3.1M-21.0M-444.5K2.2013.865471,20410,4398,746
2018-05-08$163.47$160.0016.4%4.6%17.4%34.3%16.3%3.2%1.3%3.1M-20.9M-450.0K1.8616.287521,40010,4488,756
2018-05-09$164.51$160.0015.7%4.5%16.9%30.4%16.3%3.0%1.6%3.9M-28.5M-455.1K1.9717.797191,41710,5778,925
2018-05-10$165.47$160.0015.4%4.4%16.3%28.6%16.0%2.7%2.0%4.4M-34.2M-445.6K2.2019.186001,32110,6438,942
2018-05-11$166.38$160.0015.4%4.4%16.3%28.7%15.6%2.6%1.7%5.1M-41.1M-449.5K1.6524.098471,39610,6468,960
2018-05-14$166.47$160.0015.4%4.4%15.3%29.0%15.5%2.7%1.7%5.2M-41.1M-435.0K2.3421.925781,35010,6829,032
2018-05-15$165.71$160.0015.5%4.4%13.8%29.2%18.0%2.7%1.6%4.8M-35.5M-430.9K2.5519.496051,54410,7349,098
2018-05-16$166.27$160.0015.9%4.6%13.9%31.4%15.9%2.8%1.2%4.9M-39.0M-432.0K2.1215.896011,27710,7839,136
2018-05-17$166.62$160.0015.5%4.4%13.4%29.4%14.5%3.1%1.6%5.1M-42.0M-431.7K2.0615.246181,27310,8429,140
2018-05-18$168.44$160.0013.8%4.0%13.8%20.3%14.6%3.1%2.4%5.8M-55.5M-430.2K1.9916.497071,40910,8059,169
2018-05-21$169.26$160.0014.3%4.1%13.9%22.9%14.1%2.1%0.1%6.2M-56.8M-419.9K0.9727.011,4561,4109,9807,667
2018-05-22$167.79$160.0014.2%4.1%12.5%22.1%14.7%2.1%0.1%6.2M-48.5M-434.8K1.8623.877681,43110,5427,803
2018-05-23$166.92$160.0015.4%4.4%12.0%28.8%14.9%2.9%0.2%5.9M-41.4M-446.3K2.1226.116851,45010,7397,998
2018-05-24$166.11$160.0015.4%4.4%11.9%28.9%15.6%3.0%-0.3%5.5M-35.7M-439.4K2.3418.756311,47610,8698,133
2018-05-25$164.75$160.0014.4%4.1%12.1%23.6%14.7%2.5%0.4%5.1M-26.1M-430.4K2.3619.286151,44910,9238,179
2018-05-29$161.71$160.0018.2%5.2%12.7%43.8%16.8%3.3%-1.5%3.3M-5.8M-410.9K1.9515.456831,33211,0538,196
2018-05-30$162.84$160.0015.0%4.3%12.9%26.5%15.3%2.9%-0.5%4.1M-12.7M-402.9K2.1214.566241,32111,1138,216
2018-05-31$161.68$160.0016.2%4.6%13.1%33.0%15.6%3.6%-0.2%3.5M-4.4M-397.6K2.2626.315911,33611,1728,267