APD Options History — August 2021

In August 2021, APD traded between $266.74 and $290.02. ATM implied volatility averaged 19.6%, placing in the 19.0% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded below realized volatility by 0.1% (HV 20d: 19.8%). Max pain ranged from $280.00 to $290.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.90.

Notable Days

  • 2021-08-09: Highest Volume — 3,993 contracts
  • 2021-08-09: Largest IV drop — 31.0% change
  • 2021-08-05: Highest IV Rank — 41.5%
  • 2021-08-04: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$277.08$266.74$290.02$289.31$269.65
Max Pain$281.36$280.00$290.00$290.00$280.00
ATM IV19.6%16.5%26.1%24.7%16.5%
Expected Move5.6%4.7%7.1%7.1%4.7%
HV 20d19.8%11.1%22.7%15.1%22.6%
HV 60d16.3%13.4%17.4%14.8%17.1%
IV Rank19.0%8.4%41.5%36.6%8.4%
IV Percentile20.8%6.3%60.3%45.6%6.3%
Term Structure1.1%-3.3%3.5%-3.3%2.1%
VWIV19.8%16.7%26.5%23.7%16.7%
Skew 25d3.7%3.1%4.4%4.1%3.7%
Skew 10d7.8%6.3%9.7%8.1%7.9%
Call IV 25d18.1%15.3%23.7%22.5%15.4%
Put IV 25d21.9%19.2%28.0%26.6%19.2%
Bid-Ask Spread %81.2267.4991.0287.7791.02
Gamma HHI0.170.120.250.250.15
Net GEX1.7M-6.3M17.6M16.6M-5.2M
Net DEX14.8M-119.2M124.8M-114.7M60.1M
Net VEX-1.4M-1.8M-1.2M-1.8M-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.113.470.481.15
Total Volume1,013.7732373,9933161,646
Total OI44,799.68240,60648,60843,66743,349

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-08-02$289.31$290.0024.7%7.1%15.1%36.6%23.7%4.1%-3.3%16.6M-114.7M-1.8M0.4887.7721310327,87915,788
2021-08-03$289.78$290.0023.6%6.8%14.1%32.9%26.0%3.7%-2.3%17.2M-119.2M-1.8M1.1486.7315017127,94616,027
2021-08-04$288.10$290.0024.7%7.1%13.3%36.8%26.5%4.3%-3.1%14.9M-101.8M-1.8M0.1185.735085827,92916,088
2021-08-05$289.87$280.0026.1%6.3%12.5%41.5%20.5%3.6%-0.5%16.8M-111.8M-1.8M0.1477.956218827,91816,237
2021-08-06$290.02$280.0025.4%6.0%11.1%38.9%20.3%3.8%0.4%17.6M-118.0M-1.7M0.2075.951,08221427,99816,254
2021-08-09$275.66$280.0017.5%5.7%21.0%11.7%20.8%3.1%0.6%203.5K41.2M-1.4M1.1880.251,8282,16528,33216,272
2021-08-10$277.74$280.0016.9%5.2%21.2%9.5%18.8%3.3%2.2%863.9K27.0M-1.4M0.6279.4681050428,95216,345
2021-08-11$278.29$280.0018.0%5.2%21.3%13.5%18.9%3.1%2.5%1.3M23.1M-1.4M0.3982.2035013729,38017,421
2021-08-12$277.85$280.0018.0%5.2%21.3%13.4%18.3%3.5%3.5%2.8M10.6M-1.5M0.4483.121657229,42217,678
2021-08-13$279.08$280.0017.7%5.1%21.2%12.4%19.3%3.7%2.7%-2.8M33.2M-1.3M2.2975.7532073329,42917,698
2021-08-16$281.16$280.0018.1%5.2%20.7%13.8%17.9%3.4%2.4%-421.4K16.0M-1.3M1.2082.7532338729,47517,713
2021-08-17$280.52$280.0018.6%5.3%19.8%15.6%19.5%3.8%2.1%2.5M6.3M-1.4M1.1170.3325928829,47618,164
2021-08-18$273.40$280.0020.5%5.9%21.5%22.1%20.3%3.9%1.3%-6.0M78.7M-1.3M0.9382.3896289929,49418,156
2021-08-19$271.29$280.0021.2%6.1%21.3%24.4%21.9%4.3%0.3%-6.3M83.4M-1.3M3.4784.7625688829,56618,217
2021-08-20$266.74$280.0019.7%5.6%21.6%19.3%20.2%4.4%1.9%-5.1M124.8M-1.3M1.0984.6256661930,09718,511
2021-08-23$270.23$280.0017.9%5.1%22.5%13.1%18.4%3.4%2.6%-4.2M66.0M-1.3M0.3377.201,22740225,08415,522
2021-08-24$271.11$280.0017.8%5.1%22.6%12.8%17.6%3.9%1.7%-4.6M61.6M-1.3M0.1680.5879512525,38415,750
2021-08-25$268.92$280.0017.8%5.1%22.6%12.8%17.8%3.9%1.8%-4.7M67.3M-1.2M0.3667.4945216126,16215,802
2021-08-26$267.95$280.0017.5%5.0%22.5%11.9%17.6%3.7%2.0%-5.1M69.1M-1.3M1.4687.8728241326,70815,888
2021-08-27$268.75$280.0016.6%4.8%22.4%8.7%17.5%3.5%2.1%-4.9M66.7M-1.3M0.3485.411966726,85615,968
2021-08-30$270.28$280.0016.6%4.7%22.7%8.5%16.9%4.0%2.2%-4.9M55.1M-1.3M1.2677.5735344526,97216,286
2021-08-31$269.65$280.0016.5%4.7%22.6%8.4%16.7%3.7%2.1%-5.2M60.1M-1.3M1.1591.0276688027,03616,313