APD Options History — August 2018

In August 2018, APD traded between $157.67 and $168.43. ATM implied volatility averaged 15.5%, placing in the 29.6% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded below realized volatility by 2.7% (HV 20d: 18.3%). Max pain ranged from $160.00 to $160.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 20 of 23 days. Put/call ratio averaged 1.02.

Notable Days

  • 2018-08-06: Highest Volume — 5,058 contracts
  • 2018-08-13: Largest IV spike — 17.0% change
  • 2018-08-13: Highest IV Rank — 47.4%
  • 2018-08-15: Largest Expected Move — 5.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$163.84$157.67$168.43$161.96$166.18
Max Pain$160.00$160.00$160.00$160.00$160.00
ATM IV15.5%13.7%18.8%16.1%14.2%
Expected Move4.4%3.9%5.0%4.6%4.1%
HV 20d18.3%16.3%20.5%16.5%16.7%
HV 60d15.9%14.7%16.7%14.7%16.1%
IV Rank29.6%19.4%47.4%32.7%22.6%
IV Percentile48.9%29.4%80.2%56.3%32.9%
Term Structure0.5%-0.7%2.0%-0.7%1.0%
VWIV15.4%13.8%18.8%15.5%14.1%
Skew 25d2.0%1.3%3.3%3.3%1.9%
Skew 10d4.5%2.7%7.0%6.3%4.1%
Call IV 25d14.6%13.2%17.1%14.0%13.2%
Put IV 25d16.6%15.1%19.5%17.3%15.1%
Bid-Ask Spread %23.8314.5439.5619.7714.54
Gamma HHI0.230.150.280.170.27
Net GEX6.9M2.3M9.9M3.0M9.2M
Net DEX-50.1M-87.9M-4.1M-24.4M-60.1M
Net VEX-468.8K-513.1K-405.0K-418.7K-443.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.511.651.191.24
Total Volume2,577.6091,6795,0582,2411,807
Total OI22,071.91317,95524,34817,95522,484

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-08-01$161.96$160.0016.1%4.6%16.5%32.7%15.5%3.3%-0.7%3.0M-24.4M-418.7K1.1919.771,0211,2209,8758,080
2018-08-02$159.83$160.0015.4%4.4%17.3%28.9%15.5%2.0%2.0%2.3M-12.1M-405.0K0.5627.442,3781,33110,1388,114
2018-08-03$159.98$160.0014.6%4.2%17.3%24.5%14.8%2.3%0.3%3.2M-17.5M-427.7K0.7725.182,0741,59811,3608,225
2018-08-06$161.03$160.0016.6%4.4%17.2%35.3%15.0%1.8%0.4%3.7M-25.0M-443.7K0.5122.383,3401,71811,6608,515
2018-08-07$160.98$160.0015.7%4.3%16.9%30.4%15.0%2.1%0.6%4.9M-28.5M-473.8K0.8315.671,8681,55513,2408,878
2018-08-08$160.90$160.0014.9%4.1%16.3%26.3%14.3%1.6%0.7%4.9M-26.4M-469.2K0.8030.551,5411,22613,4318,890
2018-08-09$160.59$160.0015.5%4.4%16.3%29.4%14.8%1.7%0.3%4.8M-25.6M-472.5K0.7117.161,6731,19413,5988,926
2018-08-10$157.67$160.0016.1%4.6%17.7%32.6%16.7%1.7%-0.0%2.8M-4.1M-455.9K0.6022.932,0801,24114,0188,930
2018-08-13$162.63$160.0018.8%4.8%20.2%47.4%17.5%1.9%0.1%7.2M-48.4M-498.4K0.9232.481,5111,39014,7798,992
2018-08-14$164.40$160.0018.6%4.9%20.4%46.3%17.7%1.9%-0.2%8.7M-66.9M-504.5K0.9630.781,4031,34514,8569,039
2018-08-15$164.19$160.0017.3%5.0%20.3%39.0%18.8%2.4%0.1%8.1M-61.9M-510.5K0.9022.061,3581,22714,9839,161
2018-08-16$164.39$160.0016.4%4.7%19.9%34.3%17.1%1.9%0.4%8.7M-64.8M-505.1K0.9423.551,2511,18015,0389,210
2018-08-17$166.59$160.0016.1%4.6%20.2%32.4%16.2%2.4%0.5%8.7M-87.9M-513.1K0.9121.351,3751,24615,0709,278
2018-08-20$166.90$160.0015.8%4.5%20.0%31.1%15.3%2.1%0.7%8.3M-73.5M-494.9K0.9016.381,1811,06013,6338,079
2018-08-21$166.30$160.0015.0%4.3%20.1%26.7%15.0%1.4%0.5%8.3M-67.3M-494.2K1.2039.568391,00813,8148,137
2018-08-22$164.55$160.0014.6%4.2%20.5%24.8%14.3%1.9%1.0%7.6M-53.0M-479.7K1.6518.267751,28213,8898,147
2018-08-23$164.26$160.0014.1%4.1%18.3%22.0%14.3%1.6%0.7%7.5M-47.2M-472.3K1.0614.879961,05913,8938,272
2018-08-24$165.95$160.0014.4%4.1%18.6%23.3%13.8%1.9%0.4%8.6M-62.3M-476.7K1.4527.8868599413,8288,276
2018-08-27$167.29$160.0014.5%4.2%18.7%24.1%14.7%1.9%1.1%9.3M-74.1M-460.9K1.5115.626751,01913,8488,271
2018-08-28$167.05$160.0014.4%4.1%17.5%23.4%14.3%1.3%0.6%9.4M-73.8M-456.2K1.5327.416891,05513,8558,284
2018-08-29$168.43$160.0013.7%3.9%16.7%19.4%14.0%2.1%0.7%9.9M-85.8M-454.6K1.1633.519321,08413,8698,361
2018-08-30$166.36$160.0014.6%4.2%16.6%24.8%14.4%2.0%0.3%9.0M-62.3M-449.8K1.2528.7580299914,0358,395
2018-08-31$166.18$160.0014.2%4.1%16.7%22.6%14.1%1.9%1.0%9.2M-60.1M-443.6K1.2414.548061,00114,0758,409