APD Options History — June 2018

In June 2018, APD traded between $155.79 and $168.68. ATM implied volatility averaged 15.6%, placing in the 30.1% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 1.3% (HV 20d: 14.3%). 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 21 of 21 days. Put/call ratio averaged 1.81.

Notable Days

  • 2018-06-04: Highest Volume — 2,756 contracts
  • 2018-06-11: Largest IV spike — 22.3% change
  • 2018-06-25: Highest IV Rank — 45.4%
  • 2018-06-25: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$161.99$155.79$168.68$163.51$156.18
Max Pain$164.05$160.00$165.00$160.00$160.00
ATM IV15.6%11.9%18.5%13.4%17.8%
Expected Move4.5%3.8%5.3%3.8%5.1%
HV 20d14.3%11.9%17.2%13.3%15.1%
HV 60d17.9%16.1%19.2%19.2%16.1%
IV Rank30.1%10.0%45.4%17.8%41.7%
IV Percentile53.3%7.9%75.0%28.6%71.0%
Term Structure1.8%0.9%2.6%0.9%2.0%
VWIV15.9%13.7%18.2%14.7%17.3%
Skew 25d3.3%2.8%4.2%3.0%3.1%
Skew 10d6.2%5.2%9.1%6.4%5.2%
Call IV 25d14.5%12.5%16.8%12.9%16.3%
Put IV 25d17.8%15.7%20.9%15.9%19.4%
Bid-Ask Spread %20.7410.4733.4315.1516.71
Gamma HHI0.220.130.510.240.13
Net GEX3.7M348.9K8.9M5.0M936.9K
Net DEX-14.0M-60.6M16.3M-16.0M9.8M
Net VEX-403.7K-443.2K-369.4K-402.6K-443.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.810.972.512.471.36
Total Volume2,142.8571,5752,7562,0632,320
Total OI18,192.14313,50021,27619,60017,492

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-06-01$163.51$160.0013.4%3.8%13.3%17.8%14.7%3.0%0.9%5.0M-16.0M-402.6K2.4715.155941,46911,2678,333
2018-06-04$163.56$165.0014.7%4.3%11.9%24.8%14.5%2.8%1.1%4.9M-16.9M-408.0K1.3630.731,1691,58711,2958,479
2018-06-05$164.78$165.0014.5%4.1%12.1%24.0%14.9%3.5%1.5%6.1M-27.1M-419.7K1.9829.768421,66511,8148,516
2018-06-06$167.44$165.0015.0%4.2%13.3%26.7%14.2%3.9%1.5%7.0M-42.9M-424.0K1.6425.319111,49811,6728,574
2018-06-07$167.29$165.0015.0%4.2%13.2%26.8%14.5%3.7%1.8%7.4M-45.1M-423.4K1.8233.438331,51711,9188,663
2018-06-08$168.09$165.0011.9%3.8%13.1%10.0%13.7%2.8%2.4%8.1M-53.5M-418.2K2.4524.276341,55512,0038,630
2018-06-11$168.68$165.0014.6%3.8%13.1%24.4%14.5%3.1%2.4%8.9M-60.6M-410.6K2.2824.526621,51012,1578,691
2018-06-12$167.83$165.0014.8%3.9%13.2%25.8%14.8%3.1%2.4%8.1M-51.3M-408.9K2.5123.556201,55612,1988,749
2018-06-13$166.14$165.0014.8%4.2%13.6%25.6%15.4%3.5%1.6%6.3M-35.8M-400.1K1.9613.327071,38412,2258,787
2018-06-14$165.69$165.0014.3%4.1%13.6%23.1%15.2%3.1%1.7%7.9M-35.4M-392.9K2.4416.695401,31612,4088,822
2018-06-15$164.07$165.0014.1%4.0%14.0%21.9%14.6%3.3%1.8%1.3M-9.5M-385.8K1.3225.841,0121,33612,4148,862
2018-06-18$163.05$165.0014.3%4.1%13.4%23.1%15.5%3.4%2.4%1.3M-7.3M-387.2K1.0429.409821,0257,0346,466
2018-06-19$159.64$165.0016.6%4.8%14.8%35.3%17.4%3.3%1.8%802.6K4.5M-390.3K2.0416.895331,0907,4706,708
2018-06-20$157.35$165.0017.5%5.0%15.3%40.4%18.2%3.0%1.4%348.9K13.1M-369.4K0.9710.471,3031,2697,5496,789
2018-06-21$156.16$165.0017.7%5.1%15.3%41.5%17.5%3.0%1.4%489.9K13.8M-390.3K2.4916.754881,2148,3506,976
2018-06-22$158.40$165.0015.5%4.4%16.5%29.3%16.1%3.1%2.6%868.1K6.0M-406.3K2.1414.575011,0748,3997,123
2018-06-25$155.79$165.0018.5%5.3%17.2%45.4%17.4%4.2%1.2%377.9K16.3M-388.8K1.6715.526331,0608,5067,174
2018-06-26$156.12$165.0017.3%4.9%16.2%38.9%17.2%3.1%2.1%541.0K15.0M-387.7K1.5912.758611,3698,6707,185
2018-06-27$155.83$160.0017.7%5.1%15.9%41.4%17.7%3.8%2.3%613.5K15.6M-407.7K1.1713.849301,0859,2177,505
2018-06-28$156.09$160.0018.1%5.2%15.8%43.3%17.9%3.9%2.1%754.1K14.3M-412.8K1.2126.141,0611,2859,3607,585
2018-06-29$156.18$160.0017.8%5.1%15.1%41.7%17.3%3.1%2.0%936.9K9.8M-443.2K1.3616.719851,3359,5577,935