APD Options History — March 2021

In March 2021, APD traded between $257.01 and $285.57. ATM implied volatility averaged 25.5%, placing in the 9.0% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 2.2% (HV 20d: 23.3%). Max pain ranged from $260.00 to $280.00. Net GEX was positive for 20 of 23 trading days. Term structure was in contango for 19 of 23 days. Put/call ratio averaged 1.06.

Notable Days

  • 2021-03-17: Highest Volume — 2,076 contracts
  • 2021-03-04: Largest IV spike — 20.9% change
  • 2021-03-04: Highest IV Rank — 24.9%
  • 2021-03-03: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$272.72$257.01$285.57$260.04$281.92
Max Pain$266.09$260.00$280.00$260.00$280.00
ATM IV25.5%20.2%35.7%27.3%23.1%
Expected Move7.2%5.8%8.5%7.8%6.6%
HV 20d23.3%19.0%34.2%33.4%23.0%
HV 60d29.1%28.1%30.3%28.6%30.1%
IV Rank9.0%0.0%24.9%11.0%7.4%
IV Percentile21.9%0.0%78.6%31.3%4.4%
Term Structure1.8%-1.4%4.4%-0.7%3.1%
VWIV25.0%21.4%29.2%27.6%22.4%
Skew 25d1.6%0.1%4.4%0.4%2.1%
Skew 10d4.7%-5.2%29.0%1.4%4.1%
Call IV 25d24.4%19.2%28.4%27.2%21.8%
Put IV 25d25.9%21.3%31.6%27.6%23.9%
Bid-Ask Spread %86.1477.4895.1680.4890.79
Gamma HHI0.130.100.150.140.14
Net GEX1.8M-1.1M4.1M-734.0K3.8M
Net DEX-30.2M-63.6M27.1M14.2M-46.8M
Net VEX-1.0M-1.1M-995.7K-1.0M-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.060.083.550.360.62
Total Volume846.6092292,076428229
Total OI26,325.8719,94230,69527,52823,475

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-03-01$260.04$260.0027.3%7.8%33.4%11.0%27.6%0.4%-0.7%-734.0K14.2M-1.0M0.3680.4831411414,81212,716
2021-03-02$265.62$260.0026.2%7.5%34.2%9.1%26.4%1.2%-0.1%759.2K-9.5M-1.0M1.4684.2650473414,84112,687
2021-03-03$262.33$260.0029.5%8.5%33.6%14.6%29.1%1.8%-0.9%-384.9K7.6M-1.0M2.1583.2818339414,82712,550
2021-03-04$257.01$260.0035.7%8.4%33.9%24.9%26.7%3.3%0.4%-1.1M27.1M-999.3K1.0189.2021321514,91912,596
2021-03-05$264.09$260.0029.4%8.0%19.7%14.4%29.2%2.8%1.7%632.1K-6.7M-1.0M0.2677.4850513314,97912,635
2021-03-08$267.98$260.0030.7%8.2%19.6%16.6%28.3%1.5%0.5%1.7M-23.5M-1.0M0.2777.781,21932415,01312,651
2021-03-09$268.66$260.0027.7%7.9%19.6%11.6%27.3%1.5%2.7%2.1M-27.8M-1.0M0.9681.1114213715,40212,751
2021-03-10$272.51$260.0025.5%7.3%20.0%8.0%26.6%0.2%2.6%3.2M-45.5M-1.0M0.9982.4525224915,40712,704
2021-03-11$272.85$260.0026.3%7.5%19.8%9.2%25.9%1.1%2.0%3.4M-48.6M-999.6K0.4782.6939218615,32912,779
2021-03-12$273.46$260.0025.5%7.3%19.2%7.9%26.3%0.4%1.7%2.8M-48.4M-1.0M2.5080.8633282915,44013,113
2021-03-15$272.19$270.0026.6%7.6%19.0%9.7%25.6%1.8%-1.4%1.3M-36.5M-995.7K1.0380.9953855315,62313,736
2021-03-16$274.52$270.0026.3%7.5%19.1%9.3%24.6%1.0%1.3%1.8M-39.1M-1.1M1.1789.0915418015,94114,151
2021-03-17$271.24$270.0023.9%6.9%19.7%5.6%24.8%0.1%2.4%1.6M-32.0M-1.0M0.6385.661,27080615,94713,955
2021-03-18$269.62$270.0026.1%7.5%19.4%9.4%25.2%4.4%1.7%467.2K-20.9M-1.0M0.9088.9544940216,43314,262
2021-03-19$276.82$270.0022.7%6.5%21.3%3.9%23.0%2.5%3.0%1.5M-57.6M-1.0M0.5789.4651729716,58514,081
2021-03-22$279.15$270.0020.2%5.8%21.4%0.0%21.6%1.5%4.4%2.2M-36.1M-1.0M0.5190.7572536710,1719,771
2021-03-23$273.94$270.0022.3%6.4%22.6%5.3%22.8%0.2%2.6%1.0M-21.4M-1.0M1.1695.1649357010,86510,009
2021-03-24$278.43$270.0022.2%6.4%23.1%5.2%21.4%1.5%2.8%2.0M-35.7M-1.0M2.5990.7722257611,01610,470
2021-03-25$277.07$270.0022.3%6.4%22.8%5.5%22.5%3.7%3.1%1.4M-26.6M-1.0M3.5590.9721375611,11910,934
2021-03-26$285.57$270.0022.0%6.3%24.0%4.7%21.9%0.8%2.1%4.0M-63.6M-1.1M0.0891.281,26210611,20911,302
2021-03-29$284.71$270.0022.6%6.5%24.1%6.2%22.2%1.4%3.4%4.1M-62.8M-1.0M1.0089.0035835911,63911,327
2021-03-30$282.82$270.0022.7%6.5%23.6%6.5%22.7%0.9%3.3%3.6M-54.7M-1.0M0.1388.736188111,81311,510
2021-03-31$281.92$280.0023.1%6.6%23.0%7.4%22.4%2.1%3.1%3.8M-46.8M-1.1M0.6290.791418811,91011,565