APD Options History — July 2019

In July 2019, APD traded between $225.14 and $231.61. ATM implied volatility averaged 18.8%, placing in the 29.9% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 7.1% (HV 20d: 11.6%). Max pain ranged from $220.00 to $230.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 2.01.

Notable Days

  • 2019-07-25: Highest Volume — 2,099 contracts
  • 2019-07-10: Largest IV spike — 25.9% change
  • 2019-07-23: Highest IV Rank — 47.3%
  • 2019-07-23: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$227.87$225.14$231.61$228.43$228.48
Max Pain$226.36$220.00$230.00$220.00$230.00
ATM IV18.8%15.0%22.4%16.1%17.9%
Expected Move5.5%4.3%6.4%4.6%5.1%
HV 20d11.6%9.5%16.3%16.3%12.1%
HV 60d17.8%17.2%18.1%17.8%17.2%
IV Rank29.9%11.5%47.3%16.7%25.6%
IV Percentile54.2%16.3%78.2%32.1%48.4%
Term Structure-0.6%-3.2%4.0%3.0%-0.1%
VWIV20.2%15.8%23.3%17.0%17.6%
Skew 25d3.9%3.0%4.4%4.3%3.8%
Skew 10d8.6%5.3%10.5%8.6%8.4%
Call IV 25d18.3%13.9%21.4%14.9%16.9%
Put IV 25d22.2%17.8%25.6%19.1%20.6%
Bid-Ask Spread %25.189.7335.8017.0116.92
Gamma HHI0.290.250.320.290.31
Net GEX2.8M2.0M3.6M2.5M2.0M
Net DEX-127.2M-138.9M-116.0M-128.9M-120.1M
Net VEX-375.0K-409.3K-360.2K-381.4K-409.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.010.386.891.451.82
Total Volume559.2731502,099511446
Total OI15,442.22714,32117,32314,54017,323

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-07-01$228.43$220.0016.1%4.6%16.3%16.7%17.0%4.3%3.0%2.5M-128.9M-381.4K1.4517.012093028,7275,813
2019-07-02$229.60$220.0015.3%4.4%14.3%13.2%16.9%4.4%3.6%2.7M-135.0M-373.1K1.5016.702013028,8145,992
2019-07-03$230.53$220.0015.0%4.3%13.7%11.5%15.8%3.7%4.0%2.9M-138.9M-368.9K2.1115.721412988,8896,029
2019-07-05$230.24$220.0015.8%5.6%11.5%15.6%20.4%3.9%-0.6%2.9M-138.2M-368.4K1.9629.881633208,9156,054
2019-07-08$228.43$220.0016.3%5.8%11.8%17.6%20.1%4.2%-1.0%2.8M-131.9M-369.8K0.5230.4799518,9626,079
2019-07-09$225.73$230.0016.1%5.9%12.1%17.0%20.6%4.3%-1.4%2.4M-118.7M-388.0K0.8535.181451238,9966,123
2019-07-10$225.70$230.0020.3%5.8%11.3%37.2%20.3%4.0%-1.3%2.6M-120.8M-379.6K0.5135.801991029,0456,149
2019-07-11$227.20$230.0020.3%5.8%11.5%37.1%21.5%4.2%-1.2%2.9M-127.0M-376.5K0.4226.463941659,1426,183
2019-07-12$226.51$220.0020.0%5.7%11.6%35.6%20.9%3.8%-1.2%3.0M-125.8M-381.9K0.3827.113761419,3546,186
2019-07-15$227.09$220.0020.4%5.9%11.6%38.0%21.9%3.5%-1.5%3.3M-129.6M-371.2K4.3727.95512239,4326,203
2019-07-16$227.56$230.0020.8%6.0%10.2%39.6%22.8%3.8%-1.6%3.6M-132.6M-370.9K6.8929.67634349,4626,226
2019-07-17$226.36$230.0021.4%6.1%10.0%42.6%23.2%4.2%-2.0%2.9M-124.3M-378.0K1.9831.141753469,4856,491
2019-07-18$225.46$230.0020.9%6.0%10.1%40.1%21.8%3.9%-1.9%2.8M-122.0M-382.6K0.4628.922231039,5926,501
2019-07-19$225.14$220.0020.9%6.0%10.0%40.1%21.6%3.7%-2.2%2.9M-122.4M-369.1K0.9835.711411389,5856,507
2019-07-22$225.61$230.0022.0%6.3%9.5%45.6%21.9%4.1%-2.6%2.9M-116.0M-368.1K0.9533.2996918,8605,461
2019-07-23$228.64$230.0022.4%6.4%10.5%47.3%21.8%3.8%-3.2%3.0M-127.5M-360.2K2.4023.97731758,9335,550
2019-07-24$225.77$230.0022.3%6.4%11.4%46.9%23.3%4.2%-3.1%2.7M-116.3M-370.4K4.8929.271316418,9705,706
2019-07-25$227.44$230.0017.6%5.0%11.5%24.1%19.6%3.0%-0.4%2.8M-121.9M-370.5K3.8524.234331,6669,0296,061
2019-07-26$230.51$230.0016.7%4.8%12.3%19.8%17.3%3.5%0.5%2.4M-130.2M-376.4K2.009.732484969,0427,127
2019-07-29$231.07$230.0017.3%5.0%11.9%22.7%17.8%3.3%0.1%2.5M-134.1M-363.5K0.5610.38146829,1077,202
2019-07-30$231.61$230.0017.6%5.1%11.1%24.4%19.5%4.2%-0.1%2.6M-135.6M-371.1K3.3718.404471,5059,1767,246
2019-07-31$228.48$230.0017.9%5.1%12.1%25.6%17.6%3.8%-0.1%2.0M-120.1M-409.3K1.8216.921582889,3417,982