APD Options History — November 2021

In November 2021, APD traded between $287.66 and $314.15. ATM implied volatility averaged 21.4%, placing in the 29.6% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 4.1% (HV 20d: 17.3%). Max pain ranged from $280.00 to $290.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.73.

Notable Days

  • 2021-11-01: Highest Volume — 5,254 contracts
  • 2021-11-26: Largest IV spike — 29.2% change
  • 2021-11-03: Highest IV Rank — 48.6%
  • 2021-11-03: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$302.00$287.66$314.15$298.48$287.66
Max Pain$287.14$280.00$290.00$280.00$290.00
ATM IV21.4%18.8%27.0%26.0%24.2%
Expected Move6.1%5.4%7.7%7.4%6.9%
HV 20d17.3%14.3%18.9%17.0%17.9%
HV 60d16.7%15.9%19.2%19.2%17.3%
IV Rank29.6%19.8%48.6%41.1%42.5%
IV Percentile41.5%24.2%82.1%76.2%66.7%
Term Structure-0.6%-5.6%1.0%-5.6%-1.2%
VWIV21.8%19.1%29.1%27.4%24.5%
Skew 25d2.7%0.0%5.9%3.7%3.4%
Skew 10d5.9%-0.2%12.3%7.5%6.2%
Call IV 25d20.3%18.2%26.2%26.1%23.1%
Put IV 25d23.0%20.2%31.4%29.8%26.5%
Bid-Ask Spread %82.9776.7988.6376.7986.94
Gamma HHI0.210.120.300.120.12
Net GEX14.5M4.3M24.3M6.7M4.3M
Net DEX-191.6M-337.2M-47.9M-139.6M-47.9M
Net VEX-1.7M-1.9M-1.5M-1.6M-1.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.101.420.100.59
Total Volume2,690.6191,1375,2545,2541,365
Total OI42,016.1934,20345,80634,20340,424

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-11-01$298.48$280.0026.0%7.4%17.0%41.1%27.4%3.7%-5.6%6.7M-139.6M-1.6M0.1076.794,76149316,87317,330
2021-11-02$298.86$280.0026.2%7.5%17.1%42.7%29.1%5.9%-5.0%10.9M-171.2M-1.7M0.1977.312,65249621,01517,362
2021-11-03$302.46$280.0027.0%7.7%17.1%48.6%28.4%3.7%-5.5%14.5M-215.5M-1.8M0.3579.232,65093523,05017,382
2021-11-04$301.00$280.0020.2%5.8%17.5%25.5%20.8%3.2%-0.7%15.0M-183.2M-1.7M0.8580.991,7371,48123,06917,614
2021-11-05$309.22$280.0021.7%5.7%18.9%32.2%20.1%1.9%0.7%19.7M-287.3M-1.7M0.7180.521,6531,16823,68018,325
2021-11-08$313.40$280.0021.1%6.0%18.7%29.3%20.6%3.9%-0.3%21.9M-321.9M-1.7M1.0477.121,4111,46623,91618,701
2021-11-09$313.79$290.0022.0%6.1%18.9%33.3%19.3%2.9%-0.7%22.0M-324.9M-1.7M0.7579.432,4301,81324,07918,742
2021-11-10$314.15$290.0020.3%5.8%18.3%26.3%19.3%3.0%0.4%24.2M-337.2M-1.9M0.7381.831,6901,22625,73519,122
2021-11-11$311.01$290.0019.9%5.7%15.4%24.3%20.3%2.8%0.3%23.5M-305.8M-1.9M1.2082.901,2061,44225,84219,225
2021-11-12$310.54$290.0019.3%5.5%14.3%21.8%19.2%2.6%0.7%24.3M-297.7M-1.8M1.1383.321,2921,46125,77718,992
2021-11-15$303.39$290.0020.4%5.8%16.9%26.4%20.4%2.9%0.2%18.6M-201.8M-1.8M1.4281.401,0631,51225,91319,301
2021-11-16$302.08$290.0019.6%5.6%16.9%23.0%19.7%2.2%0.7%16.3M-189.7M-1.7M1.2484.501,1221,38925,95719,653
2021-11-17$299.95$290.0019.2%5.5%17.1%21.3%19.7%2.7%0.8%14.0M-162.7M-1.7M0.4583.802,01390526,00519,773
2021-11-18$296.86$290.0019.5%5.6%17.6%22.8%23.7%2.1%1.0%11.7M-133.9M-1.6M0.2688.632,97478126,03419,772
2021-11-19$297.96$290.0018.9%5.4%17.4%20.0%19.6%2.2%0.5%11.2M-134.2M-1.6M1.2084.6883199424,20919,767
2021-11-22$297.87$290.0019.0%5.4%17.2%20.6%19.1%1.8%0.9%8.7M-116.1M-1.6M0.3687.781,99070721,70717,060
2021-11-23$300.14$290.0020.2%5.8%17.3%25.6%21.0%2.1%0.1%11.9M-153.7M-1.6M0.6182.9399761122,85317,092
2021-11-24$297.79$290.0018.8%5.4%17.6%19.8%19.8%1.9%0.9%10.4M-119.2M-1.6M0.8087.0063150623,00717,222
2021-11-26$293.45$290.0024.3%7.0%17.2%42.9%23.5%0.0%-0.4%8.0M-97.8M-1.7M0.7386.9475855723,01017,341
2021-11-29$291.99$290.0021.8%6.2%17.3%32.2%21.5%2.1%-1.0%7.0M-82.3M-1.5M0.7088.2278455023,01717,392
2021-11-30$287.66$290.0024.2%6.9%17.9%42.5%24.5%3.4%-1.2%4.3M-47.9M-1.5M0.5986.9485750822,97717,447