APD Options History — January 2020

In January 2020, APD traded between $226.04 and $243.60. ATM implied volatility averaged 18.3%, placing in the 30.7% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 1.1% (HV 20d: 17.2%). Max pain ranged from $230.00 to $240.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.94.

Notable Days

  • 2020-01-24: Highest Volume — 1,708 contracts
  • 2020-01-14: Largest IV spike — 37.6% change
  • 2020-01-14: Highest IV Rank — 47.0%
  • 2020-01-23: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$234.69$226.04$243.60$231.46$238.89
Max Pain$232.38$230.00$240.00$230.00$240.00
ATM IV18.3%15.4%21.3%16.5%19.3%
Expected Move5.5%4.7%6.0%4.7%5.5%
HV 20d17.2%11.4%23.7%11.4%23.1%
HV 60d18.7%17.5%19.8%19.8%19.0%
IV Rank30.7%15.4%47.0%21.3%36.5%
IV Percentile45.3%11.5%75.8%24.2%60.3%
Term Structure-0.4%-1.9%3.5%3.3%-0.4%
VWIV19.7%16.7%23.4%16.7%19.8%
Skew 25d3.4%2.1%4.2%3.2%3.3%
Skew 10d7.7%6.4%10.5%6.8%10.5%
Call IV 25d18.0%15.3%20.0%15.3%18.1%
Put IV 25d21.4%18.5%23.5%18.5%21.5%
Bid-Ask Spread %32.5312.9544.4012.9536.23
Gamma HHI0.280.200.520.270.26
Net GEX1.8M86.2K3.9M1.3M2.2M
Net DEX-20.7M-43.0M5.0M-17.2M-25.8M
Net VEX-192.2K-234.1K-172.1K-187.6K-234.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.072.740.770.87
Total Volume468.3811481,708326148
Total OI8,743.3816,26710,0148,8789,075

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-01-02$231.46$230.0016.5%4.7%11.4%21.3%16.7%3.2%3.3%1.3M-17.2M-187.6K0.7712.951841424,5644,314
2020-01-03$226.76$230.0016.9%4.8%13.6%23.2%17.9%2.1%3.5%237.5K-2.6M-179.6K1.2617.031151454,6044,383
2020-01-06$226.04$230.0017.4%5.7%13.5%26.0%21.5%3.7%-0.6%86.2K5.0M-172.1K0.3541.45227794,3904,415
2020-01-07$227.96$230.0016.6%5.7%13.4%21.8%21.2%3.7%-0.5%453.7K-1.5M-173.4K1.3444.40851144,3614,419
2020-01-08$228.80$230.0016.0%5.7%13.5%18.6%19.8%3.9%-0.5%537.2K-4.1M-180.2K0.6143.191801094,4004,420
2020-01-09$233.25$230.0017.8%5.7%14.9%28.2%18.4%3.7%-0.7%1.8M-18.2M-186.8K0.6642.574863214,5184,488
2020-01-10$231.71$230.0016.7%5.9%15.2%22.0%20.4%3.4%-1.0%815.5K-13.2M-186.4K0.2343.91299694,7844,685
2020-01-13$237.13$230.0015.4%5.5%16.9%15.4%20.2%3.7%-1.0%3.9M-33.6M-183.5K0.3637.13236854,8474,768
2020-01-14$234.33$230.0021.3%5.9%17.4%47.0%19.6%3.4%-1.4%1.9M-23.4M-178.7K0.0740.14181134,8794,791
2020-01-15$234.82$230.0020.5%5.9%16.9%43.0%20.1%3.5%-0.8%2.1M-25.5M-179.4K0.1743.62237404,9194,797
2020-01-16$235.74$230.0018.5%5.3%16.7%32.1%18.8%3.2%-0.9%2.4M-29.8M-173.9K0.5237.33168885,1394,835
2020-01-17$236.54$230.0018.8%5.4%16.0%33.8%19.9%3.4%-1.1%2.1M-30.6M-176.1K0.7037.80127895,1344,880
2020-01-21$237.11$230.0020.3%5.8%16.0%41.6%19.9%4.2%-1.9%2.2M-27.0M-177.8K1.0738.065225593,4692,798
2020-01-22$237.50$230.0020.3%5.8%15.8%41.8%21.5%3.6%-1.9%2.4M-28.0M-190.1K0.6824.90118803,8052,927
2020-01-23$237.22$230.0020.8%6.0%15.8%44.5%23.4%3.1%-1.9%2.4M-27.1M-195.8K2.7118.483298933,8662,982
2020-01-24$243.60$230.0017.5%5.0%18.3%26.7%18.2%2.9%-0.2%3.2M-43.0M-195.2K1.6321.946501,0584,1313,853
2020-01-27$234.74$240.0020.4%5.9%22.9%42.4%19.8%3.7%-0.9%1.3M-13.9M-213.7K0.6822.004493074,2764,204
2020-01-28$237.03$240.0017.6%5.0%23.1%27.0%18.5%3.1%-0.1%1.9M-20.2M-222.0K0.6631.931551034,3874,353
2020-01-29$237.21$240.0017.2%4.9%23.1%25.1%20.4%2.9%0.1%2.1M-22.4M-222.7K2.7423.17872384,4844,366
2020-01-30$240.67$240.0017.6%5.1%23.7%27.3%17.8%3.5%0.8%2.7M-32.0M-228.0K1.5724.971251964,5094,392
2020-01-31$238.89$240.0019.3%5.5%23.1%36.5%19.8%3.3%-0.4%2.2M-25.8M-234.1K0.8736.2379694,5464,529