APD Options History — May 2019

In May 2019, APD traded between $200.40 and $209.57. ATM implied volatility averaged 19.5%, placing in the 35.7% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded below realized volatility by 1.2% (HV 20d: 20.7%). Max pain ranged from $175.00 to $195.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.87.

Notable Days

  • 2019-05-09: Highest Volume — 2,801 contracts
  • 2019-05-13: Largest IV spike — 74.9% change
  • 2019-05-13: Highest IV Rank — 86.4%
  • 2019-05-13: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$205.41$200.40$209.57$202.54$203.82
Max Pain$182.73$175.00$195.00$195.00$180.00
ATM IV19.5%15.0%30.3%17.3%21.3%
Expected Move5.4%4.3%6.3%5.0%6.1%
HV 20d20.7%11.5%23.9%11.5%21.6%
HV 60d14.5%12.0%15.8%12.0%15.8%
IV Rank35.7%14.5%86.4%25.2%44.0%
IV Percentile62.6%22.2%98.0%53.6%73.8%
Term Structure0.1%-1.0%1.3%-0.3%-0.4%
VWIV19.6%16.3%22.2%17.1%21.6%
Skew 25d3.8%2.1%6.0%2.1%3.7%
Skew 10d8.3%5.4%10.0%6.6%7.6%
Call IV 25d17.1%11.6%18.9%15.6%18.6%
Put IV 25d20.9%17.5%23.3%17.7%22.3%
Bid-Ask Spread %30.9921.9740.1922.6427.01
Gamma HHI0.310.250.620.300.28
Net GEX4.0M3.1M8.8M4.1M3.3M
Net DEX-118.1M-156.8M-94.3M-111.2M-97.6M
Net VEX-364.1K-397.5K-265.4K-285.3K-395.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.122.430.260.88
Total Volume817.727902,8014191,022
Total OI17,409.31814,99519,53214,99517,146

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-05-01$202.54$195.0017.3%5.0%11.5%25.2%17.1%2.1%-0.3%4.1M-111.2M-285.3K0.2622.64332878,3166,679
2019-05-02$206.92$195.0015.6%4.5%13.2%17.1%17.3%4.5%0.5%3.7M-126.3M-265.4K0.7921.971,2679968,3536,692
2019-05-03$209.33$195.0015.0%4.3%13.4%14.5%16.3%6.0%1.3%3.8M-143.4M-275.8K2.4333.595291,2839,2247,569
2019-05-06$206.12$180.0017.3%4.9%15.1%25.2%18.3%3.5%0.9%4.2M-126.8M-335.5K1.9835.802214389,5587,898
2019-05-07$200.40$185.0023.9%5.8%18.7%56.0%20.8%4.0%-0.2%3.9M-94.7M-381.9K1.4532.773565169,6797,997
2019-05-08$205.65$185.0018.4%5.1%20.4%30.4%20.9%4.0%0.9%4.1M-123.7M-356.0K1.2830.005507029,6668,164
2019-05-09$204.38$185.0025.1%6.0%20.7%62.0%20.5%4.1%-0.7%4.0M-115.8M-397.5K1.4134.471,1611,64010,1358,690
2019-05-10$207.94$185.0017.3%5.1%21.3%25.4%18.4%3.6%0.9%4.0M-138.1M-356.5K0.1237.981,53018810,1518,748
2019-05-13$204.44$185.0030.3%6.3%22.6%86.4%22.1%4.5%-1.0%4.0M-118.0M-375.4K1.2237.7712815610,1518,748
2019-05-14$205.58$175.0017.7%5.3%22.5%27.2%20.1%3.6%0.9%4.6M-137.6M-396.7K0.5240.1977139810,8118,085
2019-05-15$205.72$175.0017.7%5.1%22.0%26.9%18.3%3.4%1.3%4.7M-139.7M-394.4K0.4337.02632711,0728,258
2019-05-16$209.32$180.0017.7%5.1%22.6%27.3%18.0%3.6%1.1%5.4M-156.8M-372.9K0.5038.2142021011,0618,261
2019-05-17$209.57$180.0017.8%5.1%22.5%27.4%19.4%3.6%1.2%8.8M-154.8M-374.8K0.8437.7118415511,0918,441
2019-05-20$205.52$180.0018.3%5.3%23.7%30.1%19.7%3.9%-0.4%3.2M-105.0M-383.0K0.4335.1298429,1607,141
2019-05-21$206.84$180.0017.9%5.1%23.7%28.2%19.6%3.6%-0.2%3.3M-110.3M-376.7K0.3923.54101399,2397,166
2019-05-22$206.69$180.0017.4%5.0%23.3%25.8%19.5%3.2%-0.2%3.3M-110.8M-373.3K0.7526.182161639,2777,171
2019-05-23$204.04$180.0021.1%6.0%23.9%43.0%20.9%3.8%-0.5%3.1M-97.3M-393.8K0.3223.51201649,4057,227
2019-05-24$204.49$180.0020.0%5.7%23.4%37.8%22.2%3.5%-0.3%3.3M-100.5M-386.2K0.9326.681951819,4107,232
2019-05-28$202.51$180.0020.7%5.9%23.6%41.3%20.9%3.4%-0.9%3.3M-94.3M-376.0K1.0929.4791999,4247,146
2019-05-29$203.12$180.0021.1%6.0%23.4%42.8%20.6%3.6%-0.4%3.2M-95.3M-380.2K0.4022.59180729,4567,181
2019-05-30$204.07$180.0020.7%5.9%22.9%41.0%19.6%3.8%-0.5%3.4M-100.0M-376.4K0.7327.465303889,5277,199
2019-05-31$203.82$180.0021.3%6.1%21.6%44.0%21.6%3.7%-0.4%3.3M-97.6M-395.9K0.8827.015444789,5987,548