APD Options History — September 2021

In September 2021, APD traded between $257.18 and $269.68. ATM implied volatility averaged 19.1%, placing in the 17.4% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 5.5% (HV 20d: 13.7%). Max pain ranged from $270.00 to $280.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.97.

Notable Days

  • 2021-09-17: Highest Volume — 2,145 contracts
  • 2021-09-20: Largest IV spike — 21.2% change
  • 2021-09-20: Highest IV Rank — 34.1%
  • 2021-09-20: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$264.32$257.18$269.68$269.68$257.52
Max Pain$270.48$270.00$280.00$280.00$270.00
ATM IV19.1%15.0%24.0%16.3%21.3%
Expected Move5.6%4.7%6.9%4.7%6.1%
HV 20d13.7%10.3%22.6%22.6%12.3%
HV 60d16.8%16.4%17.1%17.1%16.6%
IV Rank17.4%3.2%34.1%7.5%24.7%
IV Percentile23.6%1.2%50.4%4.8%35.3%
Term Structure2.6%1.0%4.7%2.0%2.3%
VWIV20.2%16.5%25.0%16.5%22.2%
Skew 25d3.1%1.4%4.9%3.6%1.9%
Skew 10d8.0%3.2%34.6%8.9%3.4%
Call IV 25d19.3%15.8%24.4%15.8%22.4%
Put IV 25d22.4%19.4%28.1%19.4%24.3%
Bid-Ask Spread %80.4559.9991.0480.2787.48
Gamma HHI0.140.110.240.140.15
Net GEX-4.9M-7.9M-2.5M-5.3M-4.6M
Net DEX73.9M57.3M103.2M66.1M93.7M
Net VEX-1.3M-1.4M-1.3M-1.3M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.970.274.690.550.95
Total Volume856.7141832,145648685
Total OI38,871.8127,94746,44043,69132,972

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-09-01$269.68$280.0016.3%4.7%22.6%7.5%16.5%3.6%2.0%-5.3M66.1M-1.3M0.5580.2741823027,17316,518
2021-09-02$269.20$270.0015.8%5.1%22.3%5.7%17.8%3.5%2.2%-5.6M64.3M-1.3M0.5884.5418310627,67916,938
2021-09-03$269.10$270.0015.0%4.8%22.3%3.2%18.8%4.2%4.3%-5.7M64.5M-1.3M0.5959.9936421627,71817,005
2021-09-07$267.37$270.0017.3%5.3%13.9%11.1%19.0%3.2%3.4%-6.6M78.8M-1.3M1.1566.5730434927,72316,987
2021-09-08$268.15$270.0018.1%5.2%13.6%13.9%20.4%4.5%3.0%-6.4M70.3M-1.3M1.0369.9315616127,94217,010
2021-09-09$267.74$270.0018.1%5.2%13.5%14.0%18.9%4.0%1.6%-6.2M72.4M-1.3M0.4777.3227613128,04117,062
2021-09-10$267.54$270.0018.2%5.2%13.5%14.1%19.6%4.9%3.2%-6.1M73.1M-1.3M2.1072.4714730828,07517,043
2021-09-13$268.88$270.0018.2%5.2%13.5%14.1%19.1%3.0%3.3%-5.6M62.7M-1.3M0.9579.3761558428,20217,077
2021-09-14$268.60$270.0018.5%5.3%13.1%15.3%19.3%2.6%3.1%-6.1M67.6M-1.3M1.0172.9525625828,24217,238
2021-09-15$269.38$270.0018.5%5.3%13.2%15.2%18.5%3.5%2.7%-4.8M60.3M-1.3M0.9583.76948928,65617,606
2021-09-16$266.79$270.0018.3%5.2%10.3%14.3%18.0%3.6%2.0%-6.0M77.9M-1.3M0.3876.541,12442328,69917,724
2021-09-17$261.90$270.0019.8%5.7%11.8%19.6%20.6%4.0%2.2%-7.9M103.2M-1.3M1.9282.337351,41028,70617,734
2021-09-20$257.18$270.0024.0%6.9%12.1%34.1%25.0%3.7%1.9%-3.2M84.0M-1.3M0.5183.5490646613,81614,131
2021-09-21$258.25$270.0022.0%6.3%11.0%27.2%22.5%4.2%1.6%-4.2M84.9M-1.3M0.4687.3535616414,03314,946
2021-09-22$258.07$270.0021.2%6.1%10.8%24.4%23.0%2.0%1.3%-3.8M85.1M-1.3M0.2788.401,28334214,84615,192
2021-09-23$259.97$270.0019.1%5.5%11.1%17.1%20.4%1.5%3.8%-3.7M75.3M-1.3M0.4886.6626412714,87815,330
2021-09-24$259.71$270.0019.1%5.5%11.1%17.3%21.3%2.7%4.7%-3.4M74.6M-1.3M0.3986.6133512915,21415,328
2021-09-27$261.90$270.0020.2%5.8%11.5%21.0%21.0%1.4%4.4%-2.5M63.5M-1.3M0.4291.041,25552415,32415,309
2021-09-28$262.97$270.0022.1%6.3%11.4%27.6%21.9%2.1%1.0%-2.5M57.3M-1.3M4.6987.363221,51115,33915,269
2021-09-29$260.88$270.0021.2%6.1%11.7%24.7%20.9%1.8%1.2%-3.3M72.0M-1.3M0.5584.9824913615,90315,680
2021-09-30$257.52$270.0021.3%6.1%12.3%24.7%22.2%1.9%2.3%-4.6M93.7M-1.4M0.9587.4835133415,94617,026