APD Options History — December 2019

In December 2019, APD traded between $229.14 and $235.92. ATM implied volatility averaged 16.5%, placing in the 19.9% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 2.2% (HV 20d: 14.3%). Max pain ranged from $220.00 to $230.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.75.

Notable Days

  • 2019-12-30: Highest Volume — 1,618 contracts
  • 2019-12-24: Largest IV spike — 21.8% change
  • 2019-12-02: Highest IV Rank — 34.8%
  • 2019-12-02: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$232.80$229.14$235.92$231.60$234.90
Max Pain$223.81$220.00$230.00$220.00$230.00
ATM IV16.5%13.5%19.5%19.5%17.1%
Expected Move4.8%3.9%5.6%5.6%4.9%
HV 20d14.3%10.5%21.2%20.7%10.5%
HV 60d21.7%19.5%25.3%25.3%19.5%
IV Rank19.9%4.4%34.8%34.8%24.6%
IV Percentile21.0%0.4%49.2%49.2%29.8%
Term Structure3.1%0.1%4.6%0.1%3.2%
VWIV16.7%13.6%20.4%20.4%17.9%
Skew 25d2.8%2.1%3.6%3.3%3.5%
Skew 10d6.3%4.0%11.8%6.0%11.8%
Call IV 25d15.5%13.5%18.1%18.1%14.6%
Put IV 25d18.4%16.1%21.4%21.4%18.2%
Bid-Ask Spread %19.1210.7027.2810.7012.32
Gamma HHI0.430.300.600.390.30
Net GEX4.7M1.5M8.3M5.2M1.9M
Net DEX-54.9M-95.5M-25.9M-59.6M-25.9M
Net VEX-226.6K-287.3K-183.9K-287.3K-199.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.022.181.040.21
Total Volume327.619681,618229146
Total OI12,685.1438,33015,03214,0378,785

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-12-02$231.60$220.0019.5%5.6%20.7%34.8%20.4%3.3%0.1%5.2M-59.6M-287.3K1.0410.701121177,8536,184
2019-12-03$229.63$220.0019.1%5.5%21.2%33.1%19.2%3.2%0.4%5.2M-48.8M-284.5K1.5325.692403687,8516,203
2019-12-04$229.14$230.0018.2%5.2%20.9%28.2%18.1%2.7%0.6%4.6M-43.0M-282.6K0.5410.86116637,8136,453
2019-12-05$230.19$220.0017.3%5.3%21.0%23.9%17.7%3.0%2.6%5.1M-48.7M-275.8K0.1225.11156187,7856,434
2019-12-06$232.22$220.0016.7%5.1%15.3%20.6%16.8%3.0%3.2%5.6M-62.7M-269.1K0.4427.2891407,8616,421
2019-12-09$231.35$220.0018.1%5.2%12.3%27.7%16.5%3.0%2.8%5.8M-57.2M-258.1K0.9325.6441387,8836,418
2019-12-10$229.57$220.0017.0%5.1%12.3%22.2%17.9%2.9%2.9%6.2M-45.9M-250.9K0.2923.55104307,8756,423
2019-12-11$229.76$220.0017.8%5.1%11.9%26.5%18.5%2.8%3.1%6.6M-47.4M-247.1K0.8926.2636327,9186,434
2019-12-12$232.06$220.0017.7%5.1%12.4%25.8%19.5%3.0%2.9%6.8M-65.8M-241.9K0.1319.99588787,9066,278
2019-12-13$231.08$220.0016.5%4.7%12.4%19.9%16.1%2.6%3.4%8.0M-60.9M-228.8K0.4525.18174797,8696,251
2019-12-16$233.97$220.0015.7%4.5%12.9%15.7%15.6%2.8%3.9%6.8M-82.8M-203.9K0.6919.472001387,8916,279
2019-12-17$235.86$220.0014.6%4.2%13.2%10.0%14.8%2.7%4.3%5.8M-95.5M-200.4K0.2214.86156358,0086,343
2019-12-18$232.83$220.0016.1%4.6%13.8%17.7%16.1%2.9%4.0%8.3M-78.5M-198.8K2.1814.851172557,9966,339
2019-12-19$233.28$220.0015.7%4.5%13.0%15.9%15.1%2.3%4.0%7.1M-84.5M-190.5K1.7017.063145357,9876,414
2019-12-20$234.83$230.0015.4%4.4%13.3%14.1%14.6%2.6%4.0%1.5M-95.5M-192.3K0.2112.45191418,1866,846
2019-12-23$235.29$230.0013.5%3.9%13.3%4.4%13.6%2.6%4.6%1.6M-29.3M-183.9K0.3014.31140424,2084,122
2019-12-24$234.86$230.0016.4%4.7%12.5%19.4%16.3%2.6%3.1%1.8M-29.2M-193.4K2.0421.0327554,4514,145
2019-12-26$235.92$230.0014.4%4.1%12.6%9.8%17.0%3.6%4.1%2.0M-32.2M-189.3K1.5117.00751134,4694,161
2019-12-27$235.48$230.0014.8%4.2%12.5%11.9%15.8%2.1%3.8%1.9M-30.7M-194.4K0.2819.24126354,5304,246
2019-12-30$235.04$230.0014.7%4.2%12.5%11.4%13.6%2.2%3.8%1.8M-29.7M-185.8K0.0218.661,588304,5944,275
2019-12-31$234.90$230.0017.1%4.9%10.5%24.6%17.9%3.5%3.2%1.9M-25.9M-199.2K0.2112.32121254,4904,295