APD Options History — February 2021

In February 2021, APD traded between $252.39 and $276.88. ATM implied volatility averaged 28.6%, placing in the 17.2% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded below realized volatility by 8.5% (HV 20d: 37.1%). Max pain ranged from $260.00 to $280.00. Net GEX was positive for 5 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 0.64.

Notable Days

  • 2021-02-04: Highest Volume — 6,303 contracts
  • 2021-02-25: Largest IV spike — 16.4% change
  • 2021-02-01: Highest IV Rank — 30.0%
  • 2021-02-01: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$261.39$252.39$276.88$268.85$257.80
Max Pain$266.32$260.00$280.00$280.00$260.00
ATM IV28.6%25.6%35.8%35.8%29.6%
Expected Move8.3%7.4%10.3%10.3%8.5%
HV 20d37.1%28.4%38.9%33.0%35.0%
HV 60d32.0%28.5%38.8%36.3%28.7%
IV Rank17.2%11.3%30.0%30.0%14.7%
IV Percentile43.0%21.0%79.0%79.0%54.8%
Term Structure1.4%-1.1%3.7%-0.0%-0.2%
VWIV29.2%26.0%37.7%37.7%30.0%
Skew 25d1.6%0.3%6.7%2.0%1.6%
Skew 10d3.7%0.6%10.3%6.7%4.2%
Call IV 25d28.6%25.9%37.5%37.5%28.6%
Put IV 25d30.2%26.4%39.5%39.5%30.2%
Bid-Ask Spread %78.2974.3483.8779.6880.32
Gamma HHI0.170.110.350.280.14
Net GEX201.6K-3.3M10.5M6.4M-1.4M
Net DEX16.5M-56.4M75.4M-25.7M26.8M
Net VEX-1.1M-1.2M-915.5K-1.2M-1.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.181.590.590.38
Total Volume1,631.6843216,303850636
Total OI36,917.57925,53944,22335,23527,340

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-02-01$268.85$280.0035.8%10.3%33.0%30.0%37.7%2.0%-0.0%6.4M-25.7M-1.2M0.5979.6853431623,98411,251
2021-02-02$274.24$280.0032.5%9.3%33.5%24.8%33.3%0.7%1.7%8.5M-40.1M-1.2M1.2183.8734141324,24711,415
2021-02-03$276.88$280.0032.0%9.2%28.4%24.1%32.1%6.7%-0.5%10.5M-56.4M-1.2M0.3383.511,64454724,38811,336
2021-02-04$255.13$280.0029.0%8.1%38.6%19.4%28.7%0.3%1.5%-2.8M65.4M-915.5K0.9975.553,1753,12825,15911,410
2021-02-05$252.39$270.0025.6%8.3%38.2%14.1%28.4%0.4%1.7%-3.3M75.4M-940.3K0.7277.601,7491,26026,65612,690
2021-02-08$253.01$270.0026.3%8.2%38.3%15.2%29.3%1.0%2.1%-2.2M63.0M-1.0M0.5876.431,60793327,64913,187
2021-02-09$254.50$270.0026.9%8.0%38.5%16.1%28.1%1.2%1.9%-2.3M57.7M-1.0M0.3076.271,37541628,23513,512
2021-02-10$253.42$270.0028.3%8.1%38.4%18.3%28.3%1.6%2.1%-2.7M60.9M-1.0M0.3076.341,26337528,48913,722
2021-02-11$257.66$260.0027.5%7.9%38.0%17.0%27.9%2.1%2.1%-1.2M34.5M-1.1M0.1874.341,74731729,11913,994
2021-02-12$260.92$260.0027.5%7.9%38.6%17.0%27.9%2.0%2.9%-926.9K15.2M-1.1M0.2675.9999726029,28614,088
2021-02-16$260.44$260.0027.5%7.9%38.6%17.1%27.9%1.7%3.7%-1.8M20.6M-1.0M1.5975.3860796429,21114,084
2021-02-17$259.64$260.0027.8%8.0%38.6%17.1%28.4%0.9%3.2%-2.5M29.1M-1.0M0.2975.8874321529,31314,220
2021-02-18$263.34$260.0027.2%7.8%38.9%16.1%28.1%0.8%1.8%-14.1K-186.2K-1.1M1.3077.9439451229,91014,250
2021-02-19$264.15$260.0025.7%7.4%38.8%13.7%26.0%0.5%1.5%-181.2K-9.8M-1.0M0.4378.0972631029,97114,252
2021-02-22$265.30$260.0027.0%7.7%38.8%11.3%27.7%1.3%0.3%47.7K-6.4M-1.0M0.4478.5042718713,41112,128
2021-02-23$264.00$260.0027.5%7.9%38.3%11.3%28.2%1.6%0.9%-154.6K-2.4M-1.0M0.2581.381,36734813,56912,201
2021-02-24$263.71$260.0027.6%7.9%38.3%11.4%27.6%2.0%1.4%284.5K-3.6M-1.1M0.8679.6617314814,49812,337
2021-02-25$260.95$260.0032.1%9.2%36.3%18.9%29.9%2.2%-1.1%-435.5K9.6M-1.0M1.1680.7739345514,52212,400
2021-02-26$257.80$260.0029.6%8.5%35.0%14.7%30.0%1.6%-0.2%-1.4M26.8M-1.0M0.3880.3246017614,64412,696