APD Options History — December 2018

In December 2018, APD traded between $151.24 and $166.15. ATM implied volatility averaged 25.5%, placing in the 66.6% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 1.6% (HV 20d: 23.9%). Max pain ranged from $155.00 to $160.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 1.51.

Notable Days

  • 2018-12-06: Highest Volume — 1,790 contracts
  • 2018-12-12: Largest IV drop — 21.1% change
  • 2018-12-24: Highest IV Rank — 96.0%
  • 2018-12-24: Largest Expected Move — 9.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$157.92$151.24$166.15$166.15$159.92
Max Pain$159.25$155.00$160.00$155.00$160.00
ATM IV25.5%18.7%32.3%18.7%26.1%
Expected Move7.1%5.4%9.3%5.4%7.5%
HV 20d23.9%21.2%26.6%23.2%26.5%
HV 60d20.9%19.5%23.1%19.5%23.1%
IV Rank66.6%37.3%96.0%37.3%69.0%
IV Percentile91.1%65.5%99.6%65.5%92.5%
Term Structure-0.4%-2.1%1.3%-0.9%-0.3%
VWIV24.4%18.9%30.9%18.9%25.1%
Skew 25d5.3%3.5%8.0%3.5%5.2%
Skew 10d11.0%7.7%16.7%7.7%10.0%
Call IV 25d22.7%16.8%30.7%16.8%23.9%
Put IV 25d28.0%20.3%35.0%20.3%29.1%
Bid-Ask Spread %31.3725.5540.1727.4428.79
Gamma HHI0.160.130.190.170.18
Net GEX1.5M-136.9K4.3M4.3M2.5M
Net DEX-229.1K-43.9M25.2M-43.9M-15.3M
Net VEX-234.3K-279.0K-195.4K-250.5K-213.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.510.0411.243.740.28
Total Volume542.11231,790966374
Total OI18,410.3516,24219,77317,45016,697

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-12-03$166.15$155.0018.7%5.4%23.2%37.3%18.9%3.5%-0.9%4.3M-43.9M-250.5K3.7427.442047629,8437,607
2018-12-04$164.16$155.0021.7%6.2%23.7%50.3%22.1%5.0%-1.6%3.4M-32.3M-255.5K0.9825.551461439,9807,612
2018-12-05$164.14$155.0022.4%6.4%23.7%53.3%22.9%5.1%-2.0%3.3M-30.9M-251.8K0.9927.841451439,9807,612
2018-12-06$161.46$160.0025.3%6.4%23.5%65.8%20.6%5.1%0.1%2.1M-13.7M-256.5K0.0433.311,716749,9988,011
2018-12-07$160.28$160.0025.3%6.5%23.7%65.8%20.2%5.5%-0.2%2.8M-15.8M-279.0K0.5540.1725413911,4848,033
2018-12-10$157.03$160.0029.2%7.0%24.8%82.6%25.2%5.4%0.5%1.3M4.9M-256.5K11.2432.572123611,4868,067
2018-12-11$156.38$160.0027.5%6.9%24.3%75.3%23.4%5.6%0.2%886.6K10.5M-248.2K3.0933.098726911,4978,266
2018-12-12$157.97$160.0021.7%6.2%24.6%50.2%22.2%5.3%1.3%1.6M2.6M-252.9K0.8736.8971962211,4998,274
2018-12-13$157.47$160.0022.7%6.5%24.6%54.4%21.6%4.5%1.1%1.7M1.7M-246.6K0.9229.821079811,5627,924
2018-12-14$154.86$160.0023.0%6.6%24.1%55.7%22.7%5.1%0.6%598.6K16.9M-229.7K1.0727.3217318511,5997,924
2018-12-17$152.92$160.0024.7%7.1%22.7%62.9%24.1%5.7%-0.2%54.5K25.2M-215.8K1.2828.49546911,6027,954
2018-12-18$154.95$160.0025.0%7.2%21.7%64.5%24.5%5.6%-0.3%574.7K17.2M-223.0K0.6729.131117411,6157,952
2018-12-19$153.77$160.0024.6%7.1%21.5%62.8%24.2%5.0%0.1%124.6K22.0M-211.4K0.6026.001438611,6257,955
2018-12-20$154.15$160.0025.9%7.4%21.2%68.2%25.1%5.2%-2.1%290.1K18.5M-216.1K0.3234.801715411,6357,958
2018-12-21$155.97$160.0028.2%8.1%21.3%78.3%27.8%5.7%-1.8%804.3K9.4M-222.4K0.7532.6029021711,6587,943
2018-12-24$151.24$160.0032.3%9.3%23.6%96.0%30.9%4.4%-0.9%-136.9K24.9M-195.4K1.8435.24831539,0477,195
2018-12-26$156.46$160.0029.6%8.5%26.4%84.4%27.6%5.6%-0.4%857.2K9.2M-211.8K0.2333.518001849,0527,225
2018-12-27$158.72$160.0028.3%8.1%26.6%78.8%30.3%8.0%-0.3%1.5M-2.8M-223.4K0.3332.465091669,1027,275
2018-12-28$160.40$160.0027.7%7.9%26.6%76.1%28.7%6.3%-0.8%2.1M-12.7M-226.5K0.3532.397842779,1747,285
2018-12-31$159.92$160.0026.1%7.5%26.5%69.0%25.1%5.2%-0.3%2.5M-15.3M-213.5K0.2828.79293819,3247,373