APD Options History — May 2021

In May 2021, APD traded between $289.39 and $302.31. ATM implied volatility averaged 20.9%, placing in the 23.6% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 4.8% (HV 20d: 16.1%). Max pain ranged from $270.00 to $290.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.72.

Notable Days

  • 2021-05-25: Highest Volume — 10,267 contracts
  • 2021-05-13: Largest IV drop — 13.6% change
  • 2021-05-04: Highest IV Rank — 41.1%
  • 2021-05-04: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$297.01$289.39$302.31$290.55$300.26
Max Pain$281.00$270.00$290.00$290.00$290.00
ATM IV20.9%15.8%26.0%24.5%15.8%
Expected Move5.9%4.5%7.5%7.0%4.5%
HV 20d16.1%13.8%18.1%15.0%16.0%
HV 60d18.7%17.8%19.2%18.3%17.8%
IV Rank23.6%5.9%41.1%35.1%5.9%
IV Percentile9.1%0.4%36.1%20.2%0.4%
Term Structure1.0%-3.2%3.6%-2.9%1.8%
VWIV20.9%15.8%28.0%26.8%15.8%
Skew 25d3.5%2.7%5.1%4.4%3.0%
Skew 10d7.1%5.2%10.1%6.0%8.0%
Call IV 25d19.6%15.1%25.2%21.9%15.1%
Put IV 25d23.1%18.1%28.2%26.3%18.1%
Bid-Ask Spread %79.3570.9986.2684.6281.23
Gamma HHI0.470.290.730.320.58
Net GEX37.3M14.3M101.3M21.2M29.2M
Net DEX-178.6M-290.0M-106.8M-132.7M-163.2M
Net VEX-1.4M-1.5M-1.2M-1.5M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.043.841.230.32
Total Volume1,488.9533710,2671,046768
Total OI42,689.6533,37144,94340,83744,238

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-05-03$290.55$290.0024.5%7.0%15.0%35.1%26.8%4.4%-2.9%21.2M-132.7M-1.5M1.2384.6246957723,95216,885
2021-05-04$289.39$290.0026.0%7.5%14.8%41.1%28.0%2.7%-3.2%18.3M-123.8M-1.5M3.8482.582731,04924,03817,406
2021-05-05$292.22$290.0025.1%7.2%13.8%38.1%25.1%4.0%-1.7%22.2M-149.3M-1.5M0.9486.2625323824,14918,298
2021-05-06$293.38$270.0024.7%6.2%13.8%36.7%22.7%4.3%0.8%23.3M-166.9M-1.5M1.0478.5839941324,17618,350
2021-05-07$290.67$270.0023.5%6.3%14.4%32.5%22.3%3.6%1.0%19.7M-126.5M-1.5M0.7275.581,01773024,21218,726
2021-05-10$294.83$270.0021.2%5.8%15.0%24.4%20.0%2.7%2.3%31.9M-172.2M-1.4M0.6985.821,26887024,38519,236
2021-05-11$300.04$280.0022.3%6.1%15.9%28.4%22.2%3.5%1.9%34.6M-247.5M-1.4M0.3277.741,49247524,30619,575
2021-05-12$294.15$280.0024.9%7.1%17.5%37.4%23.8%5.1%0.8%24.4M-153.2M-1.5M0.4477.3779835524,39819,755
2021-05-13$299.88$280.0021.6%6.2%18.0%25.7%22.1%4.3%1.1%34.8M-247.1M-1.5M0.1977.7175014124,64519,917
2021-05-14$301.50$280.0020.0%5.7%18.1%20.3%19.9%2.8%2.8%46.0M-278.9M-1.4M0.2477.573468324,62919,918
2021-05-17$302.31$280.0020.8%6.0%17.2%23.3%20.2%3.6%1.8%46.7M-290.0M-1.4M0.3770.9938114224,56619,927
2021-05-18$300.55$280.0020.1%5.8%17.5%20.8%21.9%3.3%3.6%59.3M-255.9M-1.3M1.2181.0926932624,59119,999
2021-05-19$297.68$280.0021.0%6.0%17.5%23.9%21.3%4.0%3.5%81.9M-202.9M-1.3M0.9273.7523721924,59120,145
2021-05-20$297.93$280.0019.8%5.7%16.7%19.5%20.1%3.7%0.7%70.7M-169.7M-1.3M0.5679.2721612124,59420,260
2021-05-21$298.33$280.0018.9%5.4%15.9%16.5%18.4%3.2%0.7%101.3M-153.2M-1.2M0.1880.171,12920724,62120,322
2021-05-24$299.36$280.0017.6%5.1%15.9%12.1%17.0%3.0%0.9%14.3M-106.8M-1.2M0.6180.1983050916,57116,800
2021-05-25$301.34$280.0017.5%5.0%16.0%11.8%16.3%3.4%0.5%17.4M-125.7M-1.2M0.0477.239,91035716,97917,203
2021-05-26$297.14$280.0017.4%5.0%16.9%11.3%17.4%2.9%2.0%24.3M-159.1M-1.5M0.4077.9899439725,81017,506
2021-05-27$298.70$290.0016.3%4.7%16.8%7.5%16.3%2.7%1.6%23.6M-148.2M-1.4M0.0481.197432826,27117,843
2021-05-28$300.26$290.0015.8%4.5%16.0%5.9%15.8%3.0%1.8%29.2M-163.2M-1.4M0.3281.2358118726,39217,846