APD Options History — July 2018

In July 2018, APD traded between $154.05 and $164.28. ATM implied volatility averaged 17.4%, placing in the 39.9% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 3.7% (HV 20d: 13.7%). Max pain ranged from $155.00 to $160.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.45.

Notable Days

  • 2018-07-17: Highest Volume — 2,956 contracts
  • 2018-07-11: Largest IV spike — 30.1% change
  • 2018-07-13: Highest IV Rank — 51.5%
  • 2018-07-05: Largest Expected Move — 5.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$157.34$154.05$164.28$155.08$164.28
Max Pain$155.71$155.00$160.00$160.00$160.00
ATM IV17.4%14.1%19.6%17.7%14.1%
Expected Move5.2%4.1%5.8%5.1%4.1%
HV 20d13.7%10.0%15.4%15.1%15.4%
HV 60d14.2%13.3%15.3%15.3%14.4%
IV Rank39.9%22.0%51.5%41.1%22.0%
IV Percentile66.5%37.3%84.5%68.3%37.3%
Term Structure-1.1%-2.4%2.5%2.5%-0.1%
VWIV18.0%14.6%19.3%18.6%14.6%
Skew 25d2.9%1.9%3.5%2.9%2.4%
Skew 10d5.9%4.1%8.0%6.2%7.1%
Call IV 25d16.8%13.6%18.6%16.6%13.6%
Put IV 25d19.7%16.0%21.5%19.5%16.0%
Bid-Ask Spread %23.0111.1639.3118.4018.46
Gamma HHI0.160.130.270.130.18
Net GEX947.7K-2.6M3.8M615.7K3.8M
Net DEX3.1M-41.2M23.0M15.1M-41.2M
Net VEX-406.5K-432.7K-368.9K-432.7K-416.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.450.522.441.681.12
Total Volume2,016.4291,5032,9562,2842,283
Total OI17,899.23816,93118,79717,62217,932

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-07-02$155.08$160.0017.7%5.1%15.1%41.1%18.6%2.9%2.5%615.7K15.1M-432.7K1.6818.408521,4329,6517,971
2018-07-03$155.00$160.0017.2%4.9%14.7%38.7%17.3%3.5%1.6%651.9K14.2M-424.7K1.1427.261,0061,1499,7037,845
2018-07-05$155.97$155.0017.6%5.8%13.4%41.0%19.3%3.3%-1.6%934.8K9.2M-422.2K1.6237.457081,1479,7977,819
2018-07-06$156.60$155.0016.3%5.5%13.6%33.9%18.4%2.8%-1.3%1.2M5.1M-424.9K1.7924.985399649,8837,803
2018-07-09$157.82$155.0014.7%5.2%13.9%24.9%18.4%2.9%-1.2%1.5M919.0K-417.3K1.5924.416059619,8807,797
2018-07-10$159.41$155.0014.2%5.1%14.5%22.2%19.3%3.1%-1.2%2.2M-8.3M-426.6K2.4436.515521,3489,9127,825
2018-07-11$157.59$155.0018.4%5.3%14.8%45.2%18.7%3.2%-1.8%1.1M4.7M-421.2K1.6627.776371,0559,9748,242
2018-07-12$157.85$155.0018.2%5.2%14.6%44.0%18.7%3.0%-1.5%1.2M3.0M-420.5K1.6018.306241,00010,0658,285
2018-07-13$157.44$155.0019.6%5.6%14.6%51.5%18.9%3.4%-2.1%994.3K3.9M-418.1K1.6339.3157793910,1448,324
2018-07-16$155.57$155.0019.3%5.5%14.8%49.7%18.0%1.9%-1.6%16.0K15.7M-387.1K0.9627.701,00596710,1578,341
2018-07-17$156.44$155.0018.9%5.4%15.0%47.6%18.2%2.9%-1.9%-49.3K13.4M-392.0K0.5220.231,9501,0069,9018,379
2018-07-18$155.91$155.0018.7%5.4%13.2%46.6%18.5%2.6%-1.8%-308.3K12.9M-401.5K0.6016.861,63997610,3438,415
2018-07-19$154.49$155.0018.9%5.4%12.7%47.7%19.1%2.5%-2.1%-1.3M22.2M-383.9K1.0918.791,0641,16110,3488,449
2018-07-20$154.53$155.0018.6%5.3%12.4%46.4%18.4%2.8%-2.0%-2.6M23.0M-375.9K1.0012.141,0961,09810,3348,450
2018-07-23$154.05$155.0019.1%5.5%11.1%49.1%18.5%2.5%-2.2%119.8K17.7M-368.9K1.8211.165399839,1567,775
2018-07-24$155.18$155.0019.3%5.5%10.0%49.9%18.4%2.6%-2.3%426.6K12.6M-381.7K1.6513.126121,0119,1787,817
2018-07-25$157.08$155.0019.2%5.5%10.9%49.4%19.1%2.6%-2.4%983.2K4.7M-391.3K1.8129.956901,2479,3407,915
2018-07-26$161.40$155.0015.3%4.4%14.4%28.2%16.6%3.2%-0.2%2.7M-22.0M-408.0K1.6222.918821,4339,5497,861
2018-07-27$161.38$155.0015.1%4.3%14.4%27.1%16.4%2.9%0.1%3.0M-21.8M-413.7K1.7521.239271,6259,7917,799
2018-07-30$161.12$155.0016.0%4.6%14.5%31.9%15.6%3.4%-0.6%2.8M-19.7M-407.6K1.3616.308711,1859,7657,969
2018-07-31$164.28$160.0014.1%4.1%15.4%22.0%14.6%2.4%-0.1%3.8M-41.2M-416.5K1.1218.461,0791,2049,9138,019