APD Options History — June 2020

In June 2020, APD traded between $233.69 and $250.68. ATM implied volatility averaged 29.4%, placing in the 23.6% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded below realized volatility by 2.1% (HV 20d: 31.5%). Max pain ranged from $230.00 to $240.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 1.33.

Notable Days

  • 2020-06-24: Highest Volume — 9,295 contracts
  • 2020-06-11: Largest IV spike — 33.1% change
  • 2020-06-11: Highest IV Rank — 34.4%
  • 2020-06-11: Largest Expected Move — 10.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$240.48$233.69$250.68$243.00$241.12
Max Pain$238.64$230.00$240.00$230.00$240.00
ATM IV29.4%25.9%36.7%29.8%25.9%
Expected Move8.4%7.4%10.5%8.5%7.4%
HV 20d31.5%28.1%37.6%31.7%28.6%
HV 60d46.4%35.2%60.6%60.6%35.2%
IV Rank23.6%18.3%34.4%24.2%18.3%
IV Percentile72.1%56.3%83.7%77.4%56.3%
Term Structure1.3%-2.4%3.7%0.6%3.7%
VWIV29.8%26.3%36.6%27.9%26.4%
Skew 25d5.2%4.1%7.5%5.1%4.3%
Skew 10d10.4%7.8%14.0%10.4%8.9%
Call IV 25d27.4%24.0%33.0%26.9%24.0%
Put IV 25d32.6%28.3%40.5%32.0%28.3%
Bid-Ask Spread %55.7841.8165.8551.1747.50
Gamma HHI0.470.120.820.570.49
Net GEX11.3M-271.8K33.4M12.3M7.3M
Net DEX-107.5M-229.6M-1.1M-153.0M-93.6M
Net VEX-535.5K-816.7K-418.0K-502.5K-816.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.330.134.170.300.71
Total Volume1,139.9551239,295273123
Total OI24,691.90914,01928,69624,28025,363

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-06-01$243.00$230.0029.8%8.5%31.7%24.2%27.9%5.1%0.6%12.3M-153.0M-502.5K0.3051.172106313,53410,746
2020-06-02$244.01$230.0029.0%8.3%31.7%23.0%28.6%4.3%1.1%12.9M-162.3M-492.4K1.7041.81579713,68910,753
2020-06-03$249.01$230.0027.4%7.8%32.2%20.6%30.4%4.8%0.5%11.8M-200.7M-461.2K1.1642.7012814913,70110,784
2020-06-04$243.92$240.0028.8%8.2%33.5%22.7%29.0%5.5%0.8%14.1M-165.9M-475.0K0.6758.791,43996513,90910,830
2020-06-05$247.93$240.0026.8%7.4%33.7%19.7%27.2%4.2%1.2%13.6M-203.6M-472.6K0.4860.512049714,66210,913
2020-06-08$248.95$240.0028.8%7.9%32.8%22.7%26.3%4.8%0.4%13.2M-212.3M-459.4K2.3859.2411026214,93710,936
2020-06-09$250.68$240.0030.4%8.0%32.8%25.1%28.5%4.6%-0.0%13.2M-229.6M-453.4K1.5954.2611418114,95611,061
2020-06-10$248.13$240.0027.6%7.9%32.9%20.9%28.2%4.8%0.6%14.5M-208.0M-470.0K1.8963.2517132315,00111,324
2020-06-11$233.97$240.0036.7%10.5%37.6%34.4%36.6%7.5%-2.4%9.8M-77.9M-535.3K4.1764.113191,32914,94711,752
2020-06-12$234.12$240.0035.8%10.3%37.5%33.2%34.9%6.8%-2.0%11.8M-69.7M-522.2K2.4165.8521752215,03312,717
2020-06-15$235.62$240.0032.9%9.4%37.5%28.7%34.4%6.4%-0.1%16.3M-75.7M-482.6K0.6860.3834823515,12712,610
2020-06-16$237.72$240.0031.4%9.0%30.3%26.5%33.3%5.3%1.2%20.6M-101.4M-482.5K0.8754.8614512615,37712,628
2020-06-17$237.39$240.0030.7%8.8%29.8%25.5%31.9%6.2%0.6%24.8M-89.3M-456.3K1.6751.6829849715,48212,708
2020-06-18$237.53$240.0029.9%8.6%29.6%24.4%30.1%5.7%1.9%33.4M-76.5M-458.4K0.2152.7959012115,53713,137
2020-06-19$237.40$240.0028.4%8.2%29.0%22.2%29.5%5.4%3.1%521.4K-19.0M-418.0K3.6251.873751,35615,47313,223
2020-06-22$236.15$240.0028.0%8.0%29.0%21.5%27.9%4.5%3.4%53.5K-7.8M-446.1K0.9455.253152965,5538,466
2020-06-23$239.74$240.0026.3%7.5%28.8%19.0%26.5%4.1%3.7%474.7K-18.4M-447.0K1.5659.921,2641,9765,8328,722
2020-06-24$233.69$240.0030.0%8.6%29.8%24.4%30.5%5.3%2.0%-271.8K-1.1M-547.5K0.1360.358,2101,0856,4879,758
2020-06-25$236.70$240.0027.1%7.8%28.1%20.2%27.4%4.3%3.0%5.7M-67.3M-810.4K0.6861.121329014,34810,818
2020-06-26$235.91$240.0027.6%7.9%28.1%20.9%31.1%6.2%2.2%5.4M-60.9M-788.1K0.1857.171713014,35910,827
2020-06-29$237.79$240.0027.6%7.9%28.2%21.0%28.3%4.5%2.7%6.1M-71.9M-783.0K1.3152.6214719214,36710,835
2020-06-30$241.12$240.0025.9%7.4%28.6%18.3%26.4%4.3%3.7%7.3M-93.6M-816.7K0.7147.50725114,43710,926