APD Options History — November 2020

In November 2020, APD traded between $263.98 and $316.31. ATM implied volatility averaged 29.0%, placing in the 23.1% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded below realized volatility by 16.0% (HV 20d: 45.0%). Max pain ranged from $240.00 to $290.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 1.11.

Notable Days

  • 2020-11-11: Highest Volume — 11,017 contracts
  • 2020-11-11: Largest IV drop — 20.4% change
  • 2020-11-02: Highest IV Rank — 42.8%
  • 2020-11-02: Largest Expected Move — 12.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$282.38$263.98$316.31$285.71$279.29
Max Pain$267.50$240.00$290.00$290.00$270.00
ATM IV29.0%23.2%42.4%42.4%25.3%
Expected Move7.9%6.6%12.1%12.1%7.2%
HV 20d45.0%25.6%54.8%25.9%53.8%
HV 60d33.3%25.3%37.8%25.3%35.8%
IV Rank23.1%14.4%42.8%42.8%17.5%
IV Percentile48.4%25.8%86.9%86.9%32.1%
Term Structure-0.5%-7.9%1.6%-7.9%0.4%
VWIV28.1%23.7%41.2%41.2%25.5%
Skew 25d3.8%2.4%6.8%6.8%2.9%
Skew 10d7.8%5.0%12.2%11.7%5.6%
Call IV 25d26.4%22.6%39.9%39.9%24.5%
Put IV 25d30.2%25.3%46.7%46.7%27.4%
Bid-Ask Spread %37.3014.4775.7170.3222.18
Gamma HHI0.240.110.420.110.26
Net GEX-4.1M-14.5M6.4M1.6M-5.8M
Net DEX7.8M-146.8M133.5M-41.3M-17.0M
Net VEX-704.8K-994.1K-420.3K-532.8K-994.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.134.650.390.25
Total Volume2,547.812611,017666897
Total OI26,794.616,49036,12216,49034,688

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-11-02$285.71$290.0042.4%12.1%25.9%42.8%41.2%6.8%-7.9%1.6M-41.3M-532.8K0.3970.324781888,1978,293
2020-11-03$289.74$290.0040.6%11.7%26.4%40.3%41.1%6.3%-7.6%2.1M-51.7M-524.4K0.6672.946584328,1978,293
2020-11-04$289.47$290.0036.2%10.4%25.6%33.7%38.8%5.3%-6.3%2.1M-50.9M-508.7K4.4875.71231038,4938,589
2020-11-05$303.68$240.0035.7%8.4%30.9%33.0%30.8%5.0%-0.9%4.2M-98.9M-512.8K0.3546.065852038,5018,633
2020-11-06$306.72$250.0034.2%7.9%31.0%30.7%28.1%4.8%0.2%4.9M-110.6M-506.0K0.6745.481771188,7828,678
2020-11-09$316.31$250.0033.0%7.4%32.7%29.0%26.2%4.3%-0.2%6.4M-146.8M-480.9K0.9536.559438938,8818,764
2020-11-10$310.61$250.0034.1%8.1%33.5%30.5%27.1%4.3%-0.9%5.5M-123.2M-501.4K0.6040.367074268,9909,410
2020-11-11$279.93$250.0027.1%7.8%50.1%20.2%28.2%3.5%-0.3%24.2K-11.1M-420.3K3.0332.602,7338,2849,2959,735
2020-11-12$264.68$270.0028.7%8.2%53.5%22.5%27.4%3.8%0.9%-8.6M122.8M-631.0K0.9441.274,5424,28110,79516,113
2020-11-13$263.98$270.0025.5%7.3%53.2%17.8%26.1%2.8%1.5%-9.9M133.5M-703.5K0.9536.151,8971,79913,14617,513
2020-11-16$265.69$270.0024.5%7.0%53.3%16.4%25.7%3.3%1.4%-11.1M123.6M-815.5K0.5328.861,89899914,22818,770
2020-11-17$265.38$270.0024.7%7.1%53.3%16.6%24.8%3.1%1.2%-11.3M125.7M-816.3K4.6531.705282,45314,51619,116
2020-11-18$268.84$270.0024.3%7.0%53.7%16.0%24.6%2.9%1.5%-11.3M103.6M-861.5K0.5025.831,56877714,71120,506
2020-11-19$271.25$270.0024.6%7.1%53.9%16.5%24.7%3.0%1.4%-10.4M82.5M-887.4K0.6132.0971944215,12520,762
2020-11-20$270.31$270.0024.1%6.9%53.8%15.7%24.3%3.1%1.6%-14.5M90.3M-886.0K1.2722.2969888915,09121,031
2020-11-23$275.62$270.0023.2%6.6%53.4%14.4%23.7%2.7%1.4%-8.7M36.0M-855.8K0.4817.232,3131,10011,92819,225
2020-11-24$284.66$270.0024.6%7.0%54.8%16.4%24.8%2.7%1.1%-2.7M-37.1M-893.5K0.4329.042,5971,12413,05920,037
2020-11-25$277.82$270.0023.9%6.9%54.1%15.5%23.9%2.7%1.5%-7.2M15.7M-883.1K0.3624.901,16242412,72319,912
2020-11-27$277.97$270.0023.9%6.8%54.0%15.4%24.3%2.4%1.0%-7.1M11.6M-882.0K0.1314.4779510313,10920,057
2020-11-30$279.29$270.0025.3%7.2%53.8%17.5%25.5%2.9%0.4%-5.8M-17.0M-994.1K0.2522.1871518214,58720,101