APD Options History — March 2019

In March 2019, APD traded between $179.65 and $190.51. ATM implied volatility averaged 15.6%, placing in the 17.2% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 4.4% (HV 20d: 11.2%). Max pain ranged from $160.00 to $185.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.84.

Notable Days

  • 2019-03-28: Highest Volume — 5,287 contracts
  • 2019-03-27: Largest IV drop — 7.8% change
  • 2019-03-07: Highest IV Rank — 24.1%
  • 2019-03-25: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$184.51$179.65$190.51$180.59$190.51
Max Pain$174.50$160.00$185.00$165.00$185.00
ATM IV15.6%13.9%17.1%15.8%13.9%
Expected Move4.9%4.5%5.6%4.5%4.9%
HV 20d11.2%9.4%14.6%14.3%10.1%
HV 60d19.6%17.1%21.4%21.4%17.1%
IV Rank17.2%9.2%24.1%18.3%9.2%
IV Percentile26.7%1.6%44.0%30.6%1.6%
Term Structure2.0%-0.1%3.3%-0.1%3.1%
VWIV17.3%12.4%19.3%12.4%17.9%
Skew 25d2.9%0.9%4.0%2.5%3.1%
Skew 10d6.8%4.5%10.0%9.3%6.6%
Call IV 25d14.4%12.8%16.8%14.9%12.8%
Put IV 25d17.4%15.9%19.4%17.5%16.0%
Bid-Ask Spread %33.2414.6058.4714.6036.93
Gamma HHI0.310.240.420.250.28
Net GEX9.4M4.7M14.7M4.9M4.7M
Net DEX-111.7M-167.5M-77.6M-77.6M-79.0M
Net VEX-351.7K-398.4K-219.5K-219.5K-313.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.840.013.430.100.32
Total Volume1,611.8573395,2872,6342,594
Total OI17,597.52412,74222,52312,74214,335

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-03-01$180.59$165.0015.8%4.5%14.3%18.3%12.4%2.5%-0.1%4.9M-77.6M-219.5K0.1014.602,4052297,4085,334
2019-03-04$180.57$165.0016.8%4.8%14.2%22.9%16.8%3.2%1.3%6.9M-88.0M-243.0K0.2227.478251809,4365,356
2019-03-05$179.65$160.0015.7%4.5%14.6%17.8%15.7%3.1%1.7%6.5M-81.4M-251.6K0.1822.221,8533349,5105,480
2019-03-06$180.47$165.0016.4%4.7%14.6%21.0%16.1%3.5%1.5%8.5M-97.0M-287.6K0.1625.803,13049410,9795,644
2019-03-07$179.75$165.0017.1%4.9%14.4%24.1%16.8%3.4%1.8%11.1M-103.6M-361.3K1.3518.787551,01713,9105,963
2019-03-08$180.77$160.0016.9%4.9%10.9%23.4%17.2%4.0%1.7%11.3M-110.9M-387.8K2.4420.6626163614,1776,570
2019-03-11$183.94$170.0016.3%4.9%11.5%20.3%17.6%3.1%1.3%12.2M-140.6M-378.3K0.0134.762,0042914,2296,615
2019-03-12$184.37$170.0015.3%4.9%11.3%15.9%16.1%2.9%1.7%13.2M-153.6M-384.5K0.4135.9262025715,0286,610
2019-03-13$185.39$170.0015.1%4.9%9.9%15.0%17.1%2.9%2.0%13.3M-163.5M-382.3K0.1935.1766312515,2466,755
2019-03-14$185.55$170.0015.1%4.8%9.8%14.9%16.8%3.2%1.7%13.1M-167.5M-397.3K0.5633.9250528515,6016,761
2019-03-15$184.39$170.0014.8%4.7%10.2%13.7%16.9%2.0%1.7%14.7M-155.8M-397.2K0.1043.413,23633115,6486,875
2019-03-18$185.56$0.0014.6%4.8%9.6%12.6%18.7%2.9%2.4%9.9M-102.0M-366.1K0.9841.9617116810,6694,641
2019-03-19$184.29$180.0014.7%4.8%10.1%13.0%17.8%2.8%2.6%9.8M-93.7M-375.1K3.4336.4320369710,7544,718
2019-03-20$184.92$185.0015.5%5.0%9.4%16.9%18.8%2.7%1.7%9.2M-96.5M-396.5K0.8437.6023619911,0515,519
2019-03-21$187.12$185.0015.5%5.0%10.0%16.8%17.8%2.9%2.0%9.3M-113.7M-390.3K0.7535.1839429711,0985,647
2019-03-22$186.37$185.0016.5%5.2%10.1%21.5%18.8%2.9%2.0%9.1M-106.7M-398.4K0.2733.9695325511,1595,630
2019-03-25$185.97$185.0016.6%5.6%9.9%21.9%19.3%0.9%3.3%8.4M-96.9M-380.1K0.4558.4785938510,6065,681
2019-03-26$186.80$185.0015.8%5.2%9.9%18.2%18.1%2.8%2.4%7.6M-96.0M-368.0K1.8333.9618333410,1676,045
2019-03-27$187.82$185.0014.6%4.9%9.8%12.4%18.4%3.1%2.9%7.7M-102.3M-366.6K2.8736.5511934110,2916,049
2019-03-28$189.88$185.0014.2%5.0%10.2%10.8%18.2%3.3%3.1%7.2M-118.5M-341.4K0.1534.414,59968810,3036,050
2019-03-29$190.51$185.0013.9%4.9%10.1%9.2%17.9%3.1%3.1%4.7M-79.0M-313.4K0.3236.931,9646307,7806,555