APD Options History — August 2020

In August 2020, APD traded between $279.87 and $296.96. ATM implied volatility averaged 27.0%, placing in the 20.1% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 8.1% (HV 20d: 19.0%). Max pain ranged from $250.00 to $280.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 1.56.

Notable Days

  • 2020-08-12: Highest Volume — 2,031 contracts
  • 2020-08-26: Largest IV spike — 15.9% change
  • 2020-08-31: Highest IV Rank — 26.3%
  • 2020-08-31: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$287.12$279.87$296.96$279.87$292.95
Max Pain$254.29$250.00$280.00$280.00$250.00
ATM IV27.0%23.8%31.2%28.9%31.2%
Expected Move7.8%6.8%8.9%8.3%8.9%
HV 20d19.0%13.6%32.1%32.1%13.6%
HV 60d27.5%25.2%30.7%30.7%25.3%
IV Rank20.1%15.3%26.3%22.9%26.3%
IV Percentile55.1%40.1%75.0%67.1%75.0%
Term Structure2.6%-0.5%5.2%0.3%0.8%
VWIV27.6%24.8%31.6%28.8%31.6%
Skew 25d4.9%3.5%6.0%5.6%4.3%
Skew 10d11.0%7.3%16.2%10.9%16.2%
Call IV 25d25.3%22.2%29.5%26.3%29.5%
Put IV 25d30.2%26.9%33.9%31.9%33.9%
Bid-Ask Spread %44.5327.4865.1341.3741.19
Gamma HHI0.220.140.290.250.15
Net GEX2.1M-2.3M6.0M-1.5M5.8M
Net DEX-150.2M-198.5M-89.9M-93.5M-185.4M
Net VEX-594.2K-674.7K-529.4K-656.6K-590.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.560.036.952.680.32
Total Volume658.286692,031434486
Total OI30,640.42923,41835,39931,60424,775

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-08-03$279.87$280.0028.9%8.3%32.1%22.9%28.8%5.6%0.3%-1.5M-93.5M-656.6K2.6841.3711831613,76917,835
2020-08-04$280.43$280.0027.1%7.8%21.5%20.2%27.1%5.9%0.8%-2.3M-89.9M-674.7K6.9532.906645913,77818,122
2020-08-05$285.28$280.0025.8%7.4%21.7%18.3%26.0%4.7%0.4%-985.5K-122.1M-634.0K0.1438.9989512513,78517,658
2020-08-06$284.01$250.0028.1%8.3%21.8%21.7%27.5%4.3%4.2%99.0K-120.9M-646.5K1.9554.0729156714,45617,730
2020-08-07$281.14$250.0027.9%8.2%22.2%21.4%28.6%5.7%3.3%-2.0M-97.0M-648.5K0.2565.13551414,50018,279
2020-08-10$280.62$250.0028.9%8.1%22.1%22.8%30.2%6.0%4.0%-1.4M-103.4M-617.3K6.8053.121521,03314,52017,777
2020-08-11$282.26$250.0028.7%8.1%21.1%22.6%31.6%5.5%3.9%-1.6M-107.3M-639.0K0.7657.421269614,59218,259
2020-08-12$286.82$250.0025.8%7.4%21.6%18.3%26.1%5.5%4.6%138.7K-143.7M-594.2K0.4957.101,36566614,66118,299
2020-08-13$288.40$250.0025.7%7.4%20.9%18.0%27.9%5.3%5.0%806.6K-159.5M-583.1K1.4752.7912518414,88618,382
2020-08-14$290.20$250.0026.4%7.6%18.7%19.1%26.4%5.8%4.3%1.8M-171.3M-575.5K0.0952.386025514,89118,334
2020-08-17$289.55$250.0026.6%7.6%17.7%19.5%27.6%5.5%4.3%2.7M-177.2M-543.3K1.2150.0234741915,38418,350
2020-08-18$286.34$250.0026.1%7.5%18.1%18.7%25.6%4.2%4.5%1.7M-160.2M-535.4K0.0351.831,1713415,65418,322
2020-08-19$287.18$250.0024.9%7.1%16.9%16.9%26.7%3.7%5.2%4.1M-178.4M-597.2K1.3653.138111016,89318,313
2020-08-20$285.98$250.0024.9%7.1%16.8%16.9%25.7%4.7%3.2%2.1M-168.1M-578.1K5.1427.7310352916,90818,374
2020-08-21$286.40$250.0023.8%6.8%16.5%15.3%24.8%4.7%2.3%5.2M-171.3M-556.1K1.3827.4817624316,94418,455
2020-08-24$287.43$250.0025.0%7.2%15.6%17.1%26.9%3.5%1.4%5.1M-156.0M-529.4K0.3930.1753220811,22212,196
2020-08-25$289.65$250.0024.9%7.1%14.9%17.0%24.8%4.3%1.7%5.6M-169.6M-559.9K0.2733.1143811711,70412,248
2020-08-26$293.86$250.0028.9%8.3%15.7%22.8%27.1%4.9%0.4%5.8M-189.1M-550.3K0.2031.4749810011,91712,326
2020-08-27$294.26$250.0028.8%8.3%14.3%22.8%27.7%4.3%1.3%6.0M-192.8M-575.8K0.4942.5424612011,99912,384
2020-08-28$296.96$250.0029.4%8.4%14.5%23.6%30.9%4.7%-0.5%6.0M-198.5M-593.0K0.3941.1040115512,06812,500
2020-08-31$292.95$250.0031.2%8.9%13.6%26.3%31.6%4.3%0.8%5.8M-185.4M-590.6K0.3241.1936811812,16312,612