APD Options History — August 2019

In August 2019, APD traded between $220.27 and $230.76. ATM implied volatility averaged 22.3%, placing in the 47.1% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 3.3% (HV 20d: 19.0%). Max pain ranged from $200.00 to $230.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 3.08.

Notable Days

  • 2019-08-02: Highest Volume — 1,309 contracts
  • 2019-08-12: Largest IV spike — 23.1% change
  • 2019-08-05: Highest IV Rank — 79.4%
  • 2019-08-14: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$225.60$220.27$230.76$226.83$225.40
Max Pain$209.55$200.00$230.00$230.00$210.00
ATM IV22.3%19.1%29.0%19.9%19.6%
Expected Move6.1%5.5%7.0%5.7%5.6%
HV 20d19.0%12.2%23.3%12.2%22.1%
HV 60d16.6%15.3%17.8%16.1%16.2%
IV Rank47.1%31.5%79.4%35.3%33.8%
IV Percentile72.1%54.8%94.8%63.5%54.8%
Term Structure-0.1%-2.8%1.7%-0.9%-0.2%
VWIV23.0%20.4%27.4%22.3%21.1%
Skew 25d4.7%3.8%5.9%4.3%3.8%
Skew 10d9.8%6.3%11.6%9.5%6.3%
Call IV 25d19.8%18.2%21.7%19.4%19.0%
Put IV 25d24.5%22.0%27.0%23.8%22.8%
Bid-Ask Spread %37.2726.1345.1826.5633.68
Gamma HHI0.290.250.540.310.26
Net GEX1.2M-78.2K5.0M1.6M129.9K
Net DEX-101.5M-126.1M-73.5M-109.5M-105.4M
Net VEX-411.9K-467.4K-359.0K-430.2K-359.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.080.2414.771.103.99
Total Volume371.455701,309563649
Total OI17,865.18216,86118,32017,36318,320

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-08-01$226.83$230.0019.9%5.7%12.2%35.3%22.3%4.3%-0.9%1.6M-109.5M-430.2K1.1026.562682959,3308,033
2019-08-02$223.17$230.0023.8%6.8%13.4%54.0%23.7%5.6%-2.8%1.1M-92.0M-451.2K14.7726.13831,2269,3588,163
2019-08-05$220.27$200.0029.0%6.7%13.8%79.4%24.3%5.2%-1.4%749.2K-73.5M-461.9K1.7339.09941639,3938,202
2019-08-06$220.88$200.0026.3%6.6%13.4%66.6%23.6%4.7%0.1%645.6K-79.1M-459.2K1.3039.323744869,4078,256
2019-08-07$223.58$200.0026.8%6.6%14.2%68.6%24.2%5.0%0.2%835.2K-88.4M-467.4K0.2441.23130319,4468,521
2019-08-08$228.05$200.0022.8%6.0%15.8%49.2%20.8%4.7%0.7%1.6M-110.9M-436.5K0.2739.69181499,4628,526
2019-08-09$230.76$200.0020.7%5.9%16.2%39.3%21.4%4.9%1.3%2.3M-126.1M-424.5K5.1238.54522669,5598,553
2019-08-12$227.86$210.0025.5%6.2%16.9%62.5%24.1%5.5%0.7%1.7M-112.0M-424.8K0.6740.9942289,5758,564
2019-08-13$229.92$210.0023.3%6.0%17.2%52.0%22.6%4.8%0.9%2.4M-122.6M-412.7K0.5334.6186469,5718,567
2019-08-14$222.94$210.0024.5%7.0%20.4%57.5%26.4%5.3%-0.7%468.1K-86.5M-437.9K1.8945.181142159,6098,593
2019-08-15$226.90$210.0022.5%6.5%21.4%48.1%27.4%5.9%0.5%2.0M-104.0M-424.3K4.8942.54462259,5868,546
2019-08-16$229.28$210.0020.8%6.0%21.7%39.8%22.7%5.3%1.7%5.0M-116.3M-395.3K1.6041.701061709,5788,548
2019-08-19$228.93$210.0020.3%5.8%21.7%37.3%20.4%4.9%-0.1%1.5M-116.7M-379.2K1.5940.31761218,9727,889
2019-08-20$226.06$210.0020.2%5.8%21.6%36.6%20.9%5.0%-0.0%1.2M-105.3M-383.5K4.6038.92924239,0137,899
2019-08-21$228.39$210.0019.1%5.5%21.5%31.5%21.6%3.8%0.3%1.4M-116.2M-376.4K11.5138.73758639,0488,301
2019-08-22$225.24$210.0019.5%5.6%21.9%33.3%21.4%4.2%0.1%429.4K-99.5M-396.1K0.2838.94243689,0808,860
2019-08-23$220.94$210.0022.7%6.5%22.2%48.7%23.8%4.1%-0.7%-32.1K-78.0M-418.5K2.4338.61741809,1818,925
2019-08-26$221.97$210.0022.7%6.5%22.3%48.7%23.1%4.1%-0.9%-78.2K-84.1M-399.8K2.1238.53571219,1548,938
2019-08-27$225.85$210.0020.5%5.9%23.3%38.4%21.5%4.4%-0.7%387.3K-101.7M-383.7K0.4233.1566289,1688,959
2019-08-28$225.75$210.0019.9%5.7%22.8%35.2%26.0%4.5%0.1%398.5K-103.5M-376.2K5.1436.2914729,2068,964
2019-08-29$224.32$210.0020.9%6.0%22.8%40.2%21.8%4.0%-0.6%25.4K-100.6M-364.2K1.4527.25711039,2079,004
2019-08-30$225.40$210.0019.6%5.6%22.1%33.8%21.1%3.8%-0.2%129.9K-105.4M-359.0K3.9933.681305199,2509,070