APD Options History — September 2020

In September 2020, APD traded between $285.51 and $310.15. ATM implied volatility averaged 29.8%, placing in the 24.2% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 0.7% (HV 20d: 29.1%). Max pain ranged from $250.00 to $310.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.95.

Notable Days

  • 2020-09-10: Highest Volume — 2,823 contracts
  • 2020-09-09: Largest IV drop — 17.4% change
  • 2020-09-08: Highest IV Rank — 35.9%
  • 2020-09-08: Largest Expected Move — 10.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$297.46$285.51$310.15$300.44$296.86
Max Pain$294.76$250.00$310.00$250.00$300.00
ATM IV29.8%25.7%37.7%32.6%25.7%
Expected Move8.5%7.4%10.2%9.4%7.4%
HV 20d29.1%15.8%33.4%15.8%31.9%
HV 60d26.7%23.8%28.3%25.7%23.8%
IV Rank24.2%18.1%35.9%28.4%18.1%
IV Percentile63.3%34.9%83.7%78.2%34.9%
Term Structure2.9%-0.4%6.0%-0.4%6.0%
VWIV30.3%26.2%37.3%33.9%26.3%
Skew 25d5.2%2.9%7.1%6.8%5.4%
Skew 10d10.7%9.2%16.5%9.9%10.9%
Call IV 25d28.0%23.9%33.1%29.4%23.9%
Put IV 25d33.2%29.4%39.9%36.2%29.4%
Bid-Ask Spread %69.2446.4382.0047.6182.00
Gamma HHI0.190.130.360.170.16
Net GEX4.8M611.0K8.6M6.3M2.6M
Net DEX-156.6M-270.9M-43.4M-215.8M-67.5M
Net VEX-568.1K-687.1K-501.8K-580.8K-595.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.077.390.070.33
Total Volume945.191422,8232,059901
Total OI22,961.57114,96928,71324,94416,714

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-09-01$300.44$250.0032.6%9.4%15.8%28.4%33.9%6.8%-0.4%6.3M-215.8M-580.8K0.0747.611,93312612,30112,643
2020-09-02$310.15$250.0031.5%9.0%18.2%26.8%33.9%3.0%1.0%7.5M-270.9M-579.4K0.9146.4349544913,35512,663
2020-09-03$295.32$290.0034.2%9.7%26.1%30.7%33.5%7.1%0.3%6.9M-197.6M-687.1K0.2573.631,40634913,98712,975
2020-09-04$298.47$290.0033.2%9.5%25.9%29.3%33.2%7.1%1.8%7.2M-216.9M-679.1K0.3973.8166825814,37213,131
2020-09-08$295.85$300.0037.7%10.2%26.2%35.9%37.3%6.7%0.6%6.7M-201.5M-640.6K1.2671.6819925014,07313,245
2020-09-09$304.42$300.0031.1%8.9%27.7%26.2%31.5%4.7%3.2%7.9M-239.9M-634.2K1.1778.2118521714,15613,413
2020-09-10$296.23$310.0028.9%8.3%29.4%22.9%28.3%4.8%2.7%6.8M-199.0M-600.0K0.1164.052,53728614,14113,544
2020-09-11$301.02$300.0028.2%8.1%29.8%21.8%29.3%4.7%2.7%6.8M-214.7M-534.5K0.3565.7797834413,19113,629
2020-09-14$304.36$300.0027.7%8.0%30.0%21.1%26.2%4.7%2.9%8.1M-231.5M-501.8K0.2768.4749913313,38213,876
2020-09-15$305.09$300.0026.5%7.6%29.9%19.3%27.7%5.0%4.7%8.2M-235.0M-511.7K0.6469.2538124213,48113,938
2020-09-16$303.71$300.0028.0%8.0%29.6%21.5%29.8%4.9%3.1%8.3M-229.5M-516.6K1.0369.7477880313,63214,057
2020-09-17$301.51$300.0029.2%8.4%29.8%23.2%30.3%4.7%3.4%8.6M-215.1M-532.4K0.9567.5527926413,93314,650
2020-09-18$296.79$300.0027.6%7.9%30.4%20.9%30.3%2.9%3.8%2.1M-172.4M-522.0K1.3771.6940655513,88114,832
2020-09-21$289.91$300.0030.0%8.6%31.7%24.5%30.2%5.2%3.2%1.0M-54.9M-520.0K0.4870.294582197,8457,124
2020-09-22$293.44$300.0029.0%8.3%32.0%23.0%29.4%4.5%3.4%1.5M-66.2M-519.0K1.3763.0960828,1207,230
2020-09-23$285.51$300.0030.7%8.8%33.4%25.6%30.9%4.6%2.1%611.0K-43.4M-513.7K0.3570.497852748,1527,288
2020-09-24$289.01$300.0030.5%8.8%33.3%25.3%30.7%5.7%2.7%767.9K-50.0M-520.7K7.3972.411007398,0867,483
2020-09-25$290.01$300.0029.0%8.3%33.3%23.0%27.7%5.5%3.5%616.1K-44.2M-590.6K0.1769.65580978,0888,171
2020-09-28$293.47$300.0028.1%8.1%33.4%21.7%28.3%5.3%4.5%1.5M-58.6M-576.1K0.8478.5490768,4538,201
2020-09-29$295.15$300.0026.3%7.5%33.1%19.0%28.5%5.2%5.5%1.7M-64.6M-575.3K0.3479.75275938,5068,251
2020-09-30$296.86$300.0025.7%7.4%31.9%18.1%26.3%5.4%6.0%2.6M-67.5M-595.6K0.3382.006782238,4328,282