APD Options History — April 2019

In April 2019, APD traded between $190.41 and $205.41. ATM implied volatility averaged 16.7%, placing in the 22.5% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 7.6% (HV 20d: 9.1%). Max pain ranged from $185.00 to $195.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 1.00.

Notable Days

  • 2019-04-24: Highest Volume — 1,932 contracts
  • 2019-04-24: Largest IV drop — 28.7% change
  • 2019-04-23: Highest IV Rank — 46.8%
  • 2019-04-23: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$195.85$190.41$205.41$191.29$205.41
Max Pain$190.95$185.00$195.00$185.00$195.00
ATM IV16.7%12.6%21.9%14.6%14.7%
Expected Move5.1%4.2%6.3%5.1%4.2%
HV 20d9.1%7.9%10.1%10.1%10.0%
HV 60d13.3%11.4%16.4%16.4%11.4%
IV Rank22.5%3.2%46.8%12.7%13.1%
IV Percentile40.3%0.4%77.0%13.9%17.9%
Term Structure-0.7%-3.4%3.4%2.9%0.2%
VWIV18.4%15.7%22.2%17.0%16.9%
Skew 25d3.4%2.4%4.0%3.0%2.6%
Skew 10d7.2%5.2%8.9%5.7%8.7%
Call IV 25d16.2%12.8%19.4%12.9%14.6%
Put IV 25d19.5%15.9%23.0%15.9%17.2%
Bid-Ask Spread %27.5220.2333.1331.6420.23
Gamma HHI0.320.270.430.280.28
Net GEX4.6M2.9M6.0M4.7M3.8M
Net DEX-106.0M-137.2M-78.9M-82.6M-121.8M
Net VEX-302.8K-338.4K-260.5K-300.6K-260.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.000.082.830.260.40
Total Volume689.8571121,932310270
Total OI15,268.33313,51616,82114,33514,569

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-04-01$191.29$185.0014.6%5.1%10.1%12.7%17.0%3.0%2.9%4.7M-82.6M-300.6K0.2631.64246647,7546,581
2019-04-02$190.41$185.0014.4%5.1%10.0%11.6%16.9%3.7%3.4%4.8M-78.9M-303.2K0.0833.131,179977,7406,630
2019-04-03$191.43$185.0015.0%5.2%10.0%14.5%18.6%3.6%-0.8%5.6M-91.2M-318.0K0.2632.91375968,6586,669
2019-04-04$191.38$190.0014.9%5.2%9.8%13.9%17.7%3.7%-1.0%6.0M-93.1M-329.2K0.9630.386576288,9126,681
2019-04-05$192.84$190.0012.6%5.0%9.9%3.2%17.7%3.4%-0.7%5.6M-101.9M-338.4K2.8329.042366679,0747,064
2019-04-08$192.99$190.0013.6%5.1%8.3%7.7%18.6%3.3%-1.1%5.7M-106.4M-333.3K2.7329.6530829,1216,839
2019-04-09$192.29$190.0015.7%5.6%8.6%17.5%18.7%3.5%-1.3%5.9M-102.9M-337.7K1.8130.3242769,1386,914
2019-04-10$193.06$190.0018.2%5.2%8.5%29.6%18.7%3.5%-1.4%5.8M-108.0M-327.8K1.6931.77611039,1596,958
2019-04-11$193.49$190.0017.9%5.1%8.5%28.2%18.5%3.6%-1.0%5.5M-111.0M-320.3K1.3925.06871219,1636,979
2019-04-12$194.11$190.0018.1%5.2%7.9%29.0%18.6%3.4%-1.5%5.2M-116.5M-306.0K1.5832.451161839,1806,988
2019-04-15$193.60$190.0018.7%5.4%8.0%31.8%19.4%3.7%-1.7%5.3M-113.2M-302.1K0.8527.701171009,1967,085
2019-04-16$196.76$190.0018.9%5.4%8.7%32.5%19.9%3.6%-1.6%3.1M-129.8M-281.2K0.2226.877331629,2427,145
2019-04-17$197.98$190.0018.2%5.2%8.8%29.3%19.9%3.8%-0.9%2.9M-137.2M-294.0K0.2524.745641399,6077,214
2019-04-18$197.75$190.0018.5%5.3%8.3%30.9%19.0%3.8%-1.6%3.3M-134.2M-295.2K0.2723.679042439,5317,276
2019-04-22$196.51$195.0021.5%6.2%8.6%45.0%21.4%4.0%-3.4%3.7M-86.9M-304.2K0.9825.441871837,5265,990
2019-04-23$196.25$195.0021.9%6.3%8.6%46.8%22.2%3.6%-3.3%3.7M-86.6M-311.5K2.8124.603098687,6676,129
2019-04-24$199.18$195.0015.6%4.5%9.6%17.3%17.2%2.4%-0.2%4.4M-100.8M-286.3K0.3627.981,4175157,7406,195
2019-04-25$199.86$195.0015.2%4.4%9.5%15.5%16.7%2.8%0.4%4.0M-97.9M-275.6K0.5821.925132977,4466,239
2019-04-26$202.48$195.0015.7%4.5%9.8%17.6%15.7%2.6%0.4%3.7M-108.8M-267.2K0.2323.841,2852907,6696,470
2019-04-29$203.72$195.0017.1%4.9%9.9%24.4%16.7%3.0%-0.6%4.0M-116.4M-266.9K0.4924.53164818,0216,476
2019-04-30$205.41$195.0014.7%4.2%10.0%13.1%16.9%2.6%0.2%3.8M-121.8M-260.5K0.4020.23193778,0696,500