APD Options History — January 2019

In January 2019, APD traded between $154.67 and $164.25. ATM implied volatility averaged 23.5%, placing in the 55.1% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded below realized volatility by 2.4% (HV 20d: 25.9%). Max pain ranged from $155.00 to $160.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 2.56.

Notable Days

  • 2019-01-23: Highest Volume — 3,827 contracts
  • 2019-01-25: Largest IV drop — 28.4% change
  • 2019-01-03: Highest IV Rank — 82.0%
  • 2019-01-03: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$158.29$154.67$164.25$159.07$163.84
Max Pain$155.24$155.00$160.00$160.00$155.00
ATM IV23.5%17.9%29.1%26.1%17.9%
Expected Move6.8%5.1%8.2%7.5%5.2%
HV 20d25.9%23.3%28.2%23.6%24.3%
HV 60d23.4%22.9%23.8%23.1%23.6%
IV Rank55.1%28.2%82.0%69.3%28.2%
IV Percentile78.2%44.8%95.6%92.5%44.8%
Term Structure-1.2%-4.0%1.1%-0.2%1.1%
VWIV23.8%18.2%28.8%26.5%18.2%
Skew 25d4.8%3.3%6.1%5.9%3.9%
Skew 10d10.6%8.1%15.7%11.8%8.1%
Call IV 25d21.4%16.8%25.8%24.1%16.8%
Put IV 25d26.2%20.5%31.9%30.0%20.7%
Bid-Ask Spread %31.9020.7743.8126.3833.58
Gamma HHI0.220.150.400.170.22
Net GEX1.3M-3.9M5.5M2.1M4.4M
Net DEX-9.7M-61.4M19.2M-10.1M-47.4M
Net VEX-187.4K-249.2K-127.7K-210.3K-228.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.560.1110.173.070.45
Total Volume1,180.4761503,8272772,570
Total OI16,750.47610,29621,17116,99916,673

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-01-02$159.07$160.0026.1%7.5%23.6%69.3%26.5%5.9%-0.2%2.1M-10.1M-210.3K3.0726.38682099,5617,438
2019-01-03$155.69$155.0029.1%8.2%24.3%82.0%27.8%6.1%-1.6%808.7K6.3M-191.6K5.5134.72633479,5647,306
2019-01-04$161.64$155.0026.4%7.5%28.2%70.6%24.9%5.6%-1.5%3.5M-27.5M-205.8K7.1643.321831,3119,5807,358
2019-01-07$160.76$155.0026.8%7.6%27.7%72.1%26.1%5.4%-1.8%2.9M-21.1M-195.2K0.9243.8178729,6027,790
2019-01-08$158.01$155.0025.0%7.5%28.2%63.6%28.1%5.7%-1.5%1.3M-2.5M-177.0K3.3135.091093619,6547,886
2019-01-09$156.43$155.0026.1%7.5%27.5%68.3%24.6%5.4%-1.0%227.8K6.7M-167.4K1.5535.312473849,6758,129
2019-01-10$157.05$155.0025.9%7.4%27.5%65.6%25.4%5.4%-1.1%255.9K5.7M-166.1K3.1134.881253899,7328,181
2019-01-11$156.69$155.0025.3%7.2%27.2%62.5%24.4%5.0%-1.5%-202.5K7.5M-154.4K3.5934.811274569,7388,182
2019-01-14$155.11$155.0025.1%7.2%27.4%61.6%25.1%5.0%-1.2%-1.8M15.2M-139.4K0.6930.131751219,7538,110
2019-01-15$155.01$155.0023.0%6.6%26.8%52.0%24.0%4.5%-0.9%-2.3M15.6M-131.9K4.2738.081305559,8768,113
2019-01-16$154.67$155.0021.8%6.3%26.4%46.4%25.3%4.2%-0.7%-3.3M19.2M-127.7K10.1736.621221,2419,8968,502
2019-01-17$155.29$155.0022.2%6.4%26.0%48.2%21.5%4.6%-1.0%-3.9M15.1M-132.3K1.6537.448461,3929,9169,268
2019-01-18$158.25$155.0019.7%5.7%26.6%36.5%23.4%4.0%-0.5%732.0K472.0K-163.2K3.9631.843271,29610,62910,542
2019-01-22$157.32$155.0024.4%7.0%26.8%58.7%23.0%4.5%-2.7%227.2K-1.0M-172.8K0.1134.53246264,8675,429
2019-01-23$155.74$155.0025.7%7.4%26.7%64.6%23.8%4.9%-3.3%-168.0K3.5M-172.6K0.1721.643,2605674,9995,431
2019-01-24$155.96$155.0027.4%7.8%24.1%72.4%28.8%5.9%-4.0%2.3M-11.6M-222.5K1.9620.771,0842,1237,7615,930
2019-01-25$160.80$155.0019.6%5.6%23.6%35.9%20.1%4.2%-0.5%4.5M-35.1M-249.2K0.3924.555322068,3987,761
2019-01-28$159.46$155.0020.3%5.8%23.3%39.0%20.4%4.0%-1.0%4.4M-27.9M-245.5K0.9224.002151978,5547,806
2019-01-29$163.01$155.0018.5%5.3%24.3%30.6%18.8%3.7%-0.3%5.5M-54.5M-243.9K0.5126.735432758,8538,101
2019-01-30$164.25$155.0018.0%5.1%24.4%28.3%20.2%3.3%0.2%5.4M-61.4M-238.0K0.2021.721,8403728,9308,286
2019-01-31$163.84$155.0017.9%5.2%24.3%28.2%18.2%3.9%1.1%4.4M-47.4M-228.3K0.4533.581,7688028,1738,500