APD Options History — November 2018

In November 2018, APD traded between $155.35 and $164.15. ATM implied volatility averaged 22.3%, placing in the 52.7% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 1.5% (HV 20d: 20.8%). Max pain ranged from $150.00 to $160.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.40.

Notable Days

  • 2018-11-05: Highest Volume — 3,084 contracts
  • 2018-11-06: Largest IV drop — 28.0% change
  • 2018-11-05: Highest IV Rank — 95.8%
  • 2018-11-02: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$158.74$155.35$164.15$155.35$160.88
Max Pain$156.67$150.00$160.00$150.00$155.00
ATM IV22.3%17.8%32.3%29.4%20.2%
Expected Move6.1%5.1%8.6%8.4%5.8%
HV 20d20.8%19.0%22.6%22.0%20.5%
HV 60d17.3%15.8%18.5%17.4%18.5%
IV Rank52.7%33.5%95.8%83.5%43.6%
IV Percentile83.0%62.7%99.6%98.0%77.0%
Term Structure-1.3%-6.3%0.2%-5.9%-0.9%
VWIV22.1%19.0%32.1%32.1%20.0%
Skew 25d4.4%3.7%5.3%5.1%4.0%
Skew 10d9.4%7.9%12.9%11.5%9.3%
Call IV 25d19.5%16.2%27.3%26.9%18.3%
Put IV 25d23.9%19.9%32.6%32.0%22.3%
Bid-Ask Spread %21.8216.9236.9423.1225.72
Gamma HHI0.210.130.400.180.15
Net GEX2.8M459.8K8.0M2.3M2.1M
Net DEX-14.1M-69.6M10.8M-2.0M-10.6M
Net VEX-267.3K-306.8K-220.7K-303.5K-247.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.170.750.240.39
Total Volume1,863.2389143,0842,4351,443
Total OI18,899.95216,52121,52219,10117,467

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-11-01$155.35$150.0029.4%8.4%22.0%83.5%32.1%5.1%-5.9%2.3M-2.0M-303.5K0.2423.121,96247311,3487,753
2018-11-02$155.84$150.0029.9%8.6%22.2%85.5%31.3%5.3%-6.3%2.4M-4.0M-305.2K0.1727.352,01133211,4167,806
2018-11-05$157.23$155.0032.3%6.9%22.5%95.8%24.1%4.5%-1.2%2.9M-13.0M-306.8K0.3522.912,28779711,5197,838
2018-11-06$157.39$155.0023.3%6.1%19.6%56.9%21.0%4.5%-0.8%3.2M-10.1M-294.3K0.2919.952,12262011,9038,250
2018-11-07$160.66$160.0018.4%5.1%20.2%35.8%19.6%3.8%0.2%4.6M-36.0M-289.1K0.2317.761,88942511,9228,440
2018-11-08$160.68$160.0017.8%5.1%19.1%33.5%19.0%3.7%0.1%5.0M-36.2M-286.4K0.3120.161,82556411,9698,469
2018-11-09$160.15$160.0018.1%5.3%19.1%34.8%19.5%4.2%-0.2%5.1M-32.6M-282.4K0.4820.901,85389812,0158,455
2018-11-12$157.87$160.0023.0%5.6%19.7%55.8%20.8%4.4%-1.1%3.7M-14.5M-268.0K0.4917.611,85690112,0488,977
2018-11-13$157.57$160.0023.2%5.6%19.0%56.6%20.8%4.3%-1.0%3.5M-11.6M-261.1K0.4417.461,13350212,0859,000
2018-11-14$157.47$160.0021.6%6.2%19.0%49.9%21.1%4.3%-1.2%3.5M-11.6M-261.0K0.5121.3787144712,2689,083
2018-11-15$160.60$160.0020.6%5.9%19.6%45.6%22.1%4.7%-0.7%8.0M-40.2M-273.0K0.5618.5388549612,3409,087
2018-11-16$164.15$160.0018.7%5.4%20.6%37.4%19.4%4.0%-0.5%2.6M-69.6M-272.0K0.3123.251,56247712,4019,121
2018-11-19$159.85$155.0021.4%6.1%22.3%48.7%20.9%4.2%-0.9%1.8M-9.4M-267.3K0.3126.001,0943419,4337,175
2018-11-20$157.97$155.0022.8%6.5%22.6%54.9%24.0%4.7%-1.4%1.2M-781.1K-262.1K0.5036.946473229,3537,222
2018-11-21$159.47$155.0020.8%6.0%22.1%46.5%20.9%4.7%-0.8%1.6M-6.3M-256.5K0.4921.616543199,3077,214
2018-11-23$157.49$155.0023.5%6.7%22.5%58.0%22.8%4.1%-2.3%1.0M1.9M-240.8K0.5023.936273139,3637,220
2018-11-26$158.53$155.0020.5%5.9%21.0%44.9%21.3%4.9%-1.0%1.1M924.0K-231.8K0.4717.726222929,3687,219
2018-11-27$156.29$160.0022.1%6.3%21.9%51.7%21.2%4.6%-1.0%459.8K10.8M-220.7K0.7521.469577159,3477,227
2018-11-28$158.27$155.0020.1%5.8%20.3%43.4%20.6%4.6%-0.6%1.1M2.5M-236.7K0.2616.921,6854469,6197,487
2018-11-29$159.85$155.0020.4%5.8%20.4%44.6%21.2%4.2%-0.7%1.6M-4.5M-246.6K0.3917.631,0494149,7177,648
2018-11-30$160.88$155.0020.2%5.8%20.5%43.6%20.0%4.0%-0.9%2.1M-10.6M-247.4K0.3925.721,0374069,8447,623