APD Options History — July 2021

In July 2021, APD traded between $281.13 and $291.68. ATM implied volatility averaged 20.3%, placing in the 21.3% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 4.9% (HV 20d: 15.3%). Max pain ranged from $290.00 to $300.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.99.

Notable Days

  • 2021-07-21: Highest Volume — 6,981 contracts
  • 2021-07-19: Largest IV spike — 19.8% change
  • 2021-07-27: Highest IV Rank — 36.1%
  • 2021-07-27: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$288.43$281.13$291.68$288.52$290.58
Max Pain$290.95$290.00$300.00$300.00$290.00
ATM IV20.3%15.0%24.6%15.3%22.6%
Expected Move6.0%4.3%7.0%4.4%6.5%
HV 20d15.3%12.6%17.5%12.6%15.4%
HV 60d15.1%14.4%15.5%14.4%14.8%
IV Rank21.3%3.1%36.1%4.1%29.5%
IV Percentile18.9%0.8%42.1%0.8%28.2%
Term Structure-0.3%-3.0%5.3%5.2%-1.6%
VWIV21.4%15.4%23.8%15.4%23.5%
Skew 25d3.7%2.2%4.9%2.2%3.7%
Skew 10d7.1%3.5%10.1%5.9%6.6%
Call IV 25d20.0%14.1%22.9%15.6%21.2%
Put IV 25d23.7%17.0%26.9%17.8%24.9%
Bid-Ask Spread %79.7240.7792.6989.3353.51
Gamma HHI0.160.090.270.120.25
Net GEX4.0M-1.6M17.8M1.9M17.8M
Net DEX-33.2M-126.2M16.8M-18.1M-126.2M
Net VEX-1.5M-1.8M-1.4M-1.4M-1.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.014.630.690.57
Total Volume1,181.5242746,981275863
Total OI37,130.28629,35843,39637,04943,396

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-07-01$288.52$300.0015.3%4.4%12.6%4.1%15.4%2.2%5.2%1.9M-18.1M-1.4M0.6989.3316311221,76915,280
2021-07-02$291.18$300.0015.0%4.3%12.9%3.1%15.7%2.9%5.3%4.6M-38.1M-1.4M1.1292.6914816621,82315,332
2021-07-06$286.88$290.0017.4%6.2%13.1%11.5%21.8%3.6%-0.2%-100.8K-1.4M-1.4M1.2980.3630038621,82015,406
2021-07-07$290.90$290.0017.9%6.0%14.3%13.2%21.2%3.3%-0.7%2.9M-30.9M-1.4M0.5778.4956232021,83315,473
2021-07-08$286.76$290.0018.7%6.1%15.0%15.8%22.5%2.9%-0.7%-138.8K-4.9M-1.4M0.8681.9729024822,33515,617
2021-07-09$291.35$290.0016.2%5.9%16.2%7.1%20.5%3.9%-0.5%1.8M-29.5M-1.4M0.6481.6030919822,48415,689
2021-07-12$291.68$290.0018.5%6.0%16.2%15.1%21.1%2.9%-0.6%1.5M-35.1M-1.4M1.0879.6413214222,60315,761
2021-07-13$289.01$290.0019.9%5.9%16.4%20.1%20.3%3.1%-0.7%-474.9K-13.7M-1.4M0.7278.2850136322,63615,837
2021-07-14$288.24$290.0020.4%5.8%15.9%21.8%20.4%3.4%0.4%-1.3M-2.7M-1.4M4.6380.8511251822,90216,162
2021-07-15$288.10$290.0020.6%5.9%15.8%22.5%21.2%4.1%-0.7%-1.6M-6.6M-1.4M2.8384.8227176622,91216,207
2021-07-16$285.68$290.0019.9%5.7%16.0%19.9%21.4%3.7%-0.3%158.4K14.9M-1.4M2.0580.9528859022,96116,534
2021-07-19$281.13$290.0023.8%6.8%16.3%33.5%23.7%4.2%-1.0%-1.3M16.8M-1.4M0.6481.3350532514,24915,109
2021-07-20$285.67$290.0021.4%6.2%17.5%25.4%21.9%4.9%-1.0%-52.8K-2.7M-1.4M0.8679.5938733214,41815,280
2021-07-21$286.70$290.0021.4%6.1%17.0%25.4%21.2%4.8%-1.1%420.9K-10.7M-1.4M0.0181.426,9433814,53315,366
2021-07-22$288.94$290.0021.9%6.3%15.3%27.0%21.3%4.4%-0.1%8.0M-56.7M-1.6M0.2784.6260716621,15015,383
2021-07-23$290.31$290.0021.8%6.3%15.3%26.6%22.9%4.4%-1.0%9.2M-73.2M-1.6M1.5486.2019730321,48815,502
2021-07-26$289.38$290.0022.7%6.5%15.2%29.7%23.0%4.3%-0.8%8.4M-58.4M-1.6M0.2782.0338810521,48715,502
2021-07-27$288.31$290.0024.6%7.0%15.3%36.1%23.8%3.2%-3.0%7.9M-56.4M-1.6M0.0189.335,3895321,60015,686
2021-07-28$288.32$290.0023.3%6.7%15.3%31.6%23.4%4.4%-2.2%7.7M-57.9M-1.6M0.0986.327286721,75015,741
2021-07-29$289.37$290.0022.3%6.4%15.3%28.2%22.3%3.7%-1.8%16.0M-106.2M-1.8M0.1540.774617026,95915,761
2021-07-30$290.58$290.0022.6%6.5%15.4%29.5%23.5%3.7%-1.6%17.8M-126.2M-1.8M0.5753.5155031327,63615,760