APD Options History — November 2019

In November 2019, APD traded between $213.45 and $241.26. ATM implied volatility averaged 20.4%, placing in the 39.4% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded below realized volatility by 2.9% (HV 20d: 23.2%). Max pain ranged from $210.00 to $220.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 1.55.

Notable Days

  • 2019-11-08: Highest Volume — 1,121 contracts
  • 2019-11-07: Largest IV drop — 35.7% change
  • 2019-11-04: Highest IV Rank — 93.3%
  • 2019-11-01: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$232.31$213.45$241.26$213.45$235.99
Max Pain$210.50$210.00$220.00$210.00$220.00
ATM IV20.4%16.2%31.0%28.3%16.6%
Expected Move5.5%4.6%8.1%8.1%4.8%
HV 20d23.2%18.9%26.6%24.8%18.9%
HV 60d25.1%24.7%25.7%24.8%24.9%
IV Rank39.4%18.3%93.3%79.8%20.3%
IV Percentile46.5%16.7%99.2%95.6%21.0%
Term Structure0.2%-5.4%1.4%-5.4%1.1%
VWIV19.6%16.5%25.8%25.8%19.7%
Skew 25d3.6%2.8%5.3%5.3%2.8%
Skew 10d7.8%6.1%10.9%10.9%6.5%
Call IV 25d17.7%15.8%25.4%25.4%16.2%
Put IV 25d21.3%18.7%30.7%30.7%19.0%
Bid-Ask Spread %26.289.9436.3127.549.94
Gamma HHI0.360.310.640.310.33
Net GEX6.4M3.7M22.0M3.7M5.0M
Net DEX-91.7M-159.2M-17.9M-17.9M-81.4M
Net VEX-280.8K-301.1K-258.4K-275.6K-294.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.550.1214.430.122.21
Total Volume467.9611,12114761
Total OI13,828.9512,58515,55112,84614,017

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-11-01$213.45$210.0028.3%8.1%24.8%79.8%25.8%5.3%-5.4%3.7M-17.9M-275.6K0.1227.54131168,1324,714
2019-11-04$214.40$210.0031.0%6.6%24.8%93.3%25.6%4.2%-1.0%4.2M-20.5M-265.4K0.1236.31494578,2414,712
2019-11-05$217.31$210.0028.7%6.2%22.3%81.5%23.6%4.2%-1.0%5.5M-36.3M-286.9K1.1434.00971118,4874,751
2019-11-06$218.14$210.0029.2%6.2%21.5%84.3%22.3%4.3%-0.8%6.0M-40.7M-294.5K0.5433.842881568,5614,810
2019-11-07$227.46$210.0018.8%5.3%25.6%31.4%19.9%4.0%0.8%7.8M-93.2M-286.2K0.6132.014903018,7165,037
2019-11-08$233.35$210.0020.0%5.5%26.6%37.6%19.0%3.4%0.1%6.6M-123.1M-266.5K0.2133.859251968,7535,412
2019-11-11$234.74$210.0021.9%5.5%25.5%47.3%19.1%3.5%0.0%6.1M-130.2M-265.0K0.6035.373842329,1905,534
2019-11-12$236.46$210.0017.1%4.9%25.5%22.6%18.7%3.3%0.7%6.5M-139.1M-266.5K0.7533.732191659,3595,693
2019-11-13$237.56$210.0017.5%5.0%25.1%24.6%17.3%3.7%0.7%6.6M-143.5M-272.1K0.3527.274631639,4035,727
2019-11-14$238.07$210.0017.9%5.1%25.1%26.6%18.6%3.8%0.7%7.2M-147.6M-274.6K1.2321.111061309,6705,747
2019-11-15$240.15$210.0017.2%4.9%25.1%23.1%17.5%3.4%0.9%22.0M-159.2M-258.4K0.3422.466272119,7045,847
2019-11-18$240.80$210.0018.0%5.2%24.9%27.5%17.9%3.3%0.5%5.0M-104.0M-259.7K1.7122.881592727,3145,271
2019-11-19$241.26$210.0018.3%5.2%20.3%28.6%17.7%3.5%0.3%4.8M-104.4M-268.6K0.3321.954861617,3555,497
2019-11-20$237.75$210.0018.6%5.3%21.6%30.3%19.6%3.7%0.6%4.9M-88.7M-297.3K3.1228.311304067,5485,634
2019-11-21$237.18$210.0017.7%5.1%21.8%26.0%19.0%3.3%0.8%4.9M-85.6M-297.0K1.4526.00921337,6055,693
2019-11-22$237.29$210.0017.1%4.9%21.8%22.7%18.0%3.6%1.3%5.0M-85.3M-299.6K1.0225.6451527,6435,819
2019-11-25$234.38$210.0018.9%5.4%22.2%31.8%18.7%3.5%0.7%5.2M-74.1M-293.1K0.1214.728461017,6675,828
2019-11-26$234.68$210.0018.5%5.3%20.7%29.9%16.5%3.3%1.1%5.4M-77.1M-301.1K0.5320.3380427,8905,864
2019-11-27$235.81$210.0016.2%4.6%20.5%18.3%18.1%2.9%1.4%5.5M-82.9M-294.3K14.4318.38213037,8585,876
2019-11-29$235.99$220.0016.6%4.8%18.9%20.3%19.7%2.8%1.1%5.0M-81.4M-294.2K2.219.9419427,8686,149