APD Options History — September 2019

In September 2019, APD traded between $212.56 and $226.89. ATM implied volatility averaged 20.5%, placing in the 38.4% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded below realized volatility by 4.6% (HV 20d: 25.1%). Max pain ranged from $210.00 to $230.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 1.02.

Notable Days

  • 2019-09-11: Highest Volume — 1,282 contracts
  • 2019-09-11: Largest IV drop — 20.1% change
  • 2019-09-10: Highest IV Rank — 54.5%
  • 2019-09-10: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$221.01$212.56$226.89$225.24$221.75
Max Pain$221.00$210.00$230.00$210.00$220.00
ATM IV20.5%19.1%23.8%21.5%21.9%
Expected Move5.8%5.5%6.4%6.2%6.3%
HV 20d25.1%20.2%28.1%21.5%26.3%
HV 60d19.4%16.0%21.0%16.1%21.0%
IV Rank38.4%31.3%54.5%42.9%44.8%
IV Percentile60.0%48.8%80.2%68.7%69.8%
Term Structure1.5%-1.6%3.3%-1.6%1.9%
VWIV20.5%18.0%24.7%24.7%20.3%
Skew 25d4.0%3.0%5.4%5.4%4.1%
Skew 10d8.8%6.0%12.4%10.7%12.4%
Call IV 25d19.3%17.3%21.4%21.4%20.1%
Put IV 25d23.3%21.3%26.8%26.8%24.2%
Bid-Ask Spread %75.1733.7386.3533.7386.35
Gamma HHI0.370.240.590.300.27
Net GEX-1.7M-7.1M1.1M-537.2K1.1M
Net DEX-63.5M-113.5M-12.0M-97.3M-18.0M
Net VEX-302.5K-364.9K-262.9K-364.9K-282.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.145.252.000.52
Total Volume454.05421,282570422
Total OI16,177.98,34319,40618,8169,540

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-09-03$225.24$210.0021.5%6.2%21.5%42.9%24.7%5.4%-1.6%-537.2K-97.3M-364.9K2.0033.731903809,2409,576
2019-09-04$226.89$210.0020.7%5.9%21.6%39.1%23.0%4.8%-1.2%-654.0K-107.1M-353.2K0.6334.82115739,2979,892
2019-09-05$225.24$230.0019.3%5.5%21.4%32.5%21.1%4.4%1.8%-1.1M-101.1M-347.7K0.7174.0456409,35710,009
2019-09-06$225.59$230.0019.2%5.5%20.2%31.7%20.0%4.2%1.8%-1.2M-105.6M-339.7K1.5275.29861319,37010,036
2019-09-09$215.91$230.0023.0%6.0%24.8%50.2%21.4%4.9%0.5%-3.0M-40.6M-342.0K1.9270.123927529,34610,055
2019-09-10$212.56$230.0023.8%6.4%25.0%54.5%20.4%4.3%0.6%-1.7M-23.5M-325.2K1.1068.531741929,4389,655
2019-09-11$215.74$220.0019.1%5.5%25.4%31.3%20.7%4.4%2.3%-3.2M-47.2M-314.1K5.2577.662051,0779,4999,580
2019-09-12$220.69$220.0019.6%5.6%24.8%33.8%18.8%3.5%1.6%-2.7M-85.6M-305.7K0.7078.433272289,5659,363
2019-09-13$221.99$220.0019.3%5.5%24.0%32.6%18.6%4.2%1.8%-2.6M-98.2M-293.7K0.3777.613121159,6679,315
2019-09-16$215.39$220.0020.3%5.8%25.7%37.2%20.8%4.4%1.3%-2.3M-51.8M-283.0K0.6175.263201969,6329,288
2019-09-17$221.71$220.0020.7%5.9%28.1%39.3%20.7%4.2%1.5%-3.3M-97.7M-285.2K1.9276.073176089,7919,369
2019-09-18$221.50$220.0020.3%5.8%27.8%37.1%19.8%3.6%1.5%-5.0M-98.6M-281.9K0.2084.52135279,8459,451
2019-09-19$222.66$220.0019.8%5.7%27.6%34.6%20.0%3.6%2.0%-4.7M-111.1M-270.2K0.2280.985431179,8469,456
2019-09-20$221.36$220.0019.2%5.5%27.3%31.8%18.6%3.6%2.2%-7.1M-113.5M-271.0K0.2983.703831129,9389,467
2019-09-23$220.58$220.0020.4%5.9%26.4%37.9%20.2%3.4%1.8%859.9K-14.3M-262.9K0.2185.25293634,2784,065
2019-09-24$220.42$220.0021.0%6.0%26.3%40.5%22.1%3.7%1.9%684.0K-12.0M-278.7K1.4485.201522194,6984,425
2019-09-25$220.82$220.0020.1%5.8%25.5%36.2%18.0%3.5%2.1%589.0K-13.6M-282.0K0.1485.623754,8324,530
2019-09-26$223.52$220.0019.9%5.7%26.0%35.4%19.5%3.0%3.3%1.1M-20.9M-283.4K0.3484.69109374,8574,535
2019-09-27$220.54$220.0021.6%6.2%26.3%43.7%21.8%3.8%2.6%638.8K-12.0M-283.3K0.3785.46103384,8904,565
2019-09-30$221.75$220.0021.9%6.3%26.3%44.8%20.3%4.1%1.9%1.1M-18.0M-282.2K0.5286.352781444,9474,593