APD Options History — July 2020

In July 2020, APD traded between $243.82 and $295.79. ATM implied volatility averaged 29.2%, placing in the 23.2% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded below realized volatility by 0.4% (HV 20d: 29.5%). Max pain ranged from $240.00 to $280.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 1.45.

Notable Days

  • 2020-07-16: Highest Volume — 10,452 contracts
  • 2020-07-13: Largest IV spike — 33.4% change
  • 2020-07-13: Highest IV Rank — 37.5%
  • 2020-07-13: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$279.08$243.82$295.79$243.82$285.24
Max Pain$259.55$240.00$280.00$240.00$280.00
ATM IV29.2%20.7%38.8%25.9%25.6%
Expected Move8.4%5.9%9.6%7.4%7.3%
HV 20d29.5%26.8%36.8%27.9%30.8%
HV 60d32.0%30.1%34.6%34.6%30.4%
IV Rank23.2%10.7%37.5%18.4%17.9%
IV Percentile66.5%41.7%84.5%57.1%47.2%
Term Structure0.2%-1.7%6.2%3.3%2.0%
VWIV29.5%22.3%34.8%25.2%27.7%
Skew 25d5.3%2.8%7.0%5.1%6.2%
Skew 10d11.2%8.8%15.4%10.3%14.7%
Call IV 25d27.5%19.8%31.2%22.9%25.2%
Put IV 25d32.8%24.0%37.2%28.0%31.4%
Bid-Ask Spread %55.2241.6263.6351.6246.15
Gamma HHI0.290.110.530.510.19
Net GEX5.1M113.5K9.7M8.4M134.0K
Net DEX-200.6M-345.9M-109.2M-109.2M-120.3M
Net VEX-695.4K-817.0K-504.6K-817.0K-663.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.450.175.930.355.89
Total Volume1,598.72716810,452206524
Total OI27,873.59121,24831,20925,38031,209

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-07-01$243.82$240.0025.9%7.4%27.9%18.4%25.2%5.1%3.3%8.4M-109.2M-817.0K0.3551.621535314,47010,910
2020-07-02$247.33$240.0020.7%5.9%27.4%10.7%22.3%4.3%6.2%9.7M-135.0M-799.3K0.6641.621016714,59210,907
2020-07-06$247.24$240.0024.0%8.0%26.8%15.6%29.0%4.7%0.3%9.6M-133.9M-774.9K1.8257.566201,12614,62711,293
2020-07-07$265.14$240.0026.2%8.3%36.6%18.9%30.0%4.9%-1.1%8.9M-241.3M-735.4K0.7660.701,27196214,68311,347
2020-07-08$268.88$240.0030.2%8.9%36.8%24.8%30.5%5.0%-0.5%8.0M-257.2M-773.7K0.7463.6362246315,05912,195
2020-07-09$271.04$240.0030.2%9.1%36.4%24.8%31.4%6.3%-1.1%7.7M-263.5M-777.5K0.2759.853469415,34712,470
2020-07-10$272.76$250.0029.1%9.1%27.7%23.1%31.6%4.9%-0.7%7.7M-277.3M-731.1K1.6258.3011819115,40412,540
2020-07-13$274.69$250.0038.8%9.6%27.6%37.5%31.2%6.0%-0.6%7.4M-285.1M-718.9K0.4860.8551224815,41212,418
2020-07-14$280.15$250.0034.7%9.4%27.9%31.5%32.8%4.3%-1.0%6.5M-308.9M-670.4K0.1761.591,18820515,43912,534
2020-07-15$282.72$250.0032.5%9.3%27.9%28.2%34.8%4.9%-1.2%6.4M-324.1M-674.8K0.2157.601,95541215,84712,671
2020-07-16$287.21$250.0031.0%8.9%27.8%26.0%25.0%6.0%-0.4%6.7M-345.9M-667.9K0.3457.047,8022,65016,54012,754
2020-07-17$294.88$250.0032.2%9.2%28.2%27.8%31.6%6.3%-1.7%3.1M-197.0M-504.6K0.5157.631,3206769,74613,245
2020-07-20$289.92$250.0032.5%9.3%29.6%28.2%34.7%4.6%-1.4%3.5M-163.5M-533.9K2.1357.131,9734,1949,60511,643
2020-07-21$290.89$280.0031.5%9.0%29.2%26.7%33.4%5.6%-0.4%1.9M-145.1M-672.5K0.3358.321,21539811,45015,761
2020-07-22$295.79$280.0030.0%8.6%29.2%24.5%31.4%2.8%-0.4%4.0M-196.0M-695.6K0.5555.6339421613,43916,131
2020-07-23$293.57$280.0027.8%8.0%26.9%21.2%27.1%7.0%0.5%3.5M-169.0M-683.7K0.3462.472629013,27716,268
2020-07-24$290.40$280.0027.3%7.8%28.0%20.4%27.9%6.0%0.6%2.2M-146.4M-706.5K5.9358.7410763513,28416,327
2020-07-27$294.53$280.0028.4%8.2%27.6%22.2%28.0%5.2%0.1%3.4M-176.3M-661.2K5.0248.129145713,31616,830
2020-07-28$289.84$280.0027.5%7.9%29.2%20.7%28.8%5.2%0.3%1.9M-150.9M-671.5K1.2250.0226332113,34217,251
2020-07-29$289.29$280.0026.0%7.4%29.4%18.5%28.7%5.0%0.8%1.6M-149.8M-659.6K1.2244.3225831413,45517,110
2020-07-30$284.47$280.0029.3%8.4%30.8%23.4%26.6%5.5%-0.3%113.5K-118.0M-706.1K1.2345.9813716813,66717,404
2020-07-31$285.24$280.0025.6%7.3%30.8%17.9%27.7%6.2%2.0%134.0K-120.3M-663.9K5.8946.157644813,72117,488