APD Options History — December 2020

In December 2020, APD traded between $264.30 and $282.01. ATM implied volatility averaged 24.8%, placing in the 16.2% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded below realized volatility by 6.6% (HV 20d: 31.4%). Max pain ranged from $270.00 to $280.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 0.89.

Notable Days

  • 2020-12-16: Highest Volume — 3,425 contracts
  • 2020-12-21: Largest IV spike — 11.4% change
  • 2020-12-21: Highest IV Rank — 19.9%
  • 2020-12-21: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$269.52$264.30$282.01$282.01$272.33
Max Pain$272.73$270.00$280.00$270.00$270.00
ATM IV24.8%23.3%26.9%24.7%23.6%
Expected Move7.1%6.7%7.7%7.1%6.8%
HV 20d31.4%16.6%53.0%51.8%16.6%
HV 60d35.2%34.5%36.1%35.8%34.5%
IV Rank16.2%12.0%19.9%16.7%12.5%
IV Percentile26.9%16.3%40.9%29.4%17.1%
Term Structure2.3%0.9%3.5%1.3%3.4%
VWIV25.6%23.3%27.9%24.3%23.7%
Skew 25d2.0%1.5%2.9%2.9%1.7%
Skew 10d3.6%2.5%5.6%5.6%3.1%
Call IV 25d24.5%22.8%26.0%23.5%22.8%
Put IV 25d26.5%24.5%28.1%26.4%24.5%
Bid-Ask Spread %29.8317.7138.5519.9318.78
Gamma HHI0.360.140.760.240.14
Net GEX-14.4M-49.1M-521.2K-3.7M-521.2K
Net DEX41.1M-39.9M122.4M-39.9M-12.7M
Net VEX-873.7K-979.5K-765.2K-979.5K-816.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.255.540.520.64
Total Volume1,378.9094853,4251,8881,167
Total OI31,891.90920,75139,36434,88522,909

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-12-01$282.01$270.0024.7%7.1%51.8%16.7%24.3%2.9%1.3%-3.7M-39.9M-979.5K0.5219.931,24164714,77220,113
2020-12-02$275.09$270.0024.4%7.0%52.2%16.2%24.9%2.7%1.1%-9.7M19.9M-977.1K0.3817.7175829114,58520,385
2020-12-03$267.43$280.0025.0%7.5%53.0%17.0%26.3%2.3%0.9%-14.6M89.2M-951.8K0.4735.521,23857614,90220,499
2020-12-04$272.27$280.0024.6%7.3%50.1%16.4%25.8%2.2%1.7%-12.8M40.5M-968.0K1.0032.4880680915,45820,797
2020-12-07$268.80$280.0025.7%7.5%49.8%18.2%27.0%1.9%1.5%-16.0M74.2M-937.4K0.2632.931,14830215,79720,947
2020-12-08$268.30$280.0024.7%7.4%47.9%16.7%26.3%2.1%2.1%-17.1M77.6M-929.4K0.4934.8188142916,01121,087
2020-12-09$270.33$280.0025.8%7.4%48.0%18.3%26.3%2.0%1.9%-16.8M56.0M-939.8K0.5832.5859134016,29321,252
2020-12-10$269.22$280.0026.1%7.5%31.5%18.7%27.9%2.1%1.7%-18.5M67.0M-926.2K1.4930.5355983116,51621,242
2020-12-11$267.70$270.0026.4%7.6%24.3%19.2%27.2%2.2%1.7%-20.9M85.6M-929.2K1.0236.7530831416,78621,720
2020-12-14$266.45$270.0025.6%7.3%24.3%17.9%27.9%2.3%2.0%-25.3M106.6M-862.5K0.6634.7057137916,83221,919
2020-12-15$270.37$270.0024.9%7.1%24.8%16.9%25.7%1.8%2.3%-27.5M48.0M-869.4K1.0636.571,1541,21817,15322,211
2020-12-16$269.14$270.0024.6%7.1%24.8%16.5%27.9%2.1%2.5%-35.1M65.8M-848.1K5.5438.555242,90117,18621,499
2020-12-17$269.13$270.0024.0%6.9%24.4%15.6%25.1%1.7%2.5%-49.1M70.3M-829.6K0.5533.7368337417,16522,069
2020-12-18$268.12$270.0024.1%6.9%24.2%15.8%25.0%1.8%2.7%-31.4M122.4M-797.2K1.6826.9447980617,02222,187
2020-12-21$264.63$270.0026.9%7.7%24.6%19.9%27.1%2.1%2.0%-3.4M19.3M-801.2K0.8231.411,3521,11210,07010,681
2020-12-22$264.30$270.0025.8%7.4%23.4%18.2%25.6%2.1%2.7%-4.1M20.0M-831.3K0.5430.9643523710,38811,392
2020-12-23$267.11$270.0023.6%6.8%20.2%13.9%24.5%1.9%3.5%-3.4M7.4M-837.0K0.3833.9438814810,62311,500
2020-12-24$267.47$270.0023.7%6.8%18.6%14.0%24.5%1.6%3.3%-2.4M4.0M-821.3K0.6027.6030418110,68511,555
2020-12-28$269.15$270.0023.5%6.7%18.8%13.3%23.9%1.5%3.2%-1.3M-4.2M-802.8K0.3621.6568324710,89211,441
2020-12-29$268.93$270.0023.5%6.7%18.7%13.3%23.8%1.8%3.3%-1.5M-2.7M-801.0K0.2823.581,01728211,03611,544
2020-12-30$271.24$270.0023.3%6.7%18.6%12.0%23.3%1.6%3.4%-975.8K-9.6M-765.2K0.2524.711,29533010,80111,700
2020-12-31$272.33$270.0023.6%6.8%16.6%12.5%23.7%1.7%3.4%-521.2K-12.7M-816.6K0.6418.7871145610,88912,020