APD Options History — December 2021

In December 2021, APD traded between $287.26 and $305.65. ATM implied volatility averaged 20.4%, placing in the 26.6% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 3.5% (HV 20d: 16.9%). Max pain ranged from $290.00 to $300.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 1.18.

Notable Days

  • 2021-12-30: Highest Volume — 7,070 contracts
  • 2021-12-15: Largest IV drop — 20.5% change
  • 2021-12-06: Highest IV Rank — 55.4%
  • 2021-12-03: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$297.70$287.26$305.65$287.26$304.48
Max Pain$290.45$290.00$300.00$290.00$300.00
ATM IV20.4%15.0%27.3%24.8%17.2%
Expected Move5.7%4.3%7.7%7.1%4.9%
HV 20d16.9%14.5%18.8%17.9%17.0%
HV 60d17.8%16.9%18.4%17.2%18.1%
IV Rank26.6%3.9%55.4%45.1%13.0%
IV Percentile37.3%1.6%86.1%72.2%12.7%
Term Structure2.6%-3.1%4.7%-1.9%3.3%
VWIV20.2%15.1%28.7%25.7%16.1%
Skew 25d3.9%2.4%6.7%3.9%3.3%
Skew 10d7.8%4.5%19.8%10.0%6.4%
Call IV 25d18.3%14.6%24.7%24.0%14.7%
Put IV 25d22.2%17.2%31.3%27.9%18.0%
Bid-Ask Spread %83.0377.0891.2884.5380.04
Gamma HHI0.190.120.430.120.26
Net GEX12.4M4.1M35.6M4.1M17.5M
Net DEX-117.3M-209.5M-44.6M-46.6M-143.6M
Net VEX-1.4M-1.6M-1.2M-1.5M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.180.182.530.791.20
Total Volume2,242.7731,2377,0701,2374,340
Total OI40,117.09136,03843,63440,47238,800

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-12-01$287.26$290.0024.8%7.1%17.9%45.1%25.7%3.9%-1.9%4.1M-46.6M-1.5M0.7984.5369054722,99217,480
2021-12-02$287.80$290.0024.5%7.0%17.2%43.9%24.9%4.1%-3.1%4.6M-48.3M-1.5M0.7986.0896676623,03217,582
2021-12-03$287.46$290.0026.9%7.7%17.2%53.9%28.7%6.7%-1.4%4.5M-44.6M-1.6M0.9791.2882680023,36017,733
2021-12-06$293.08$290.0027.3%6.9%15.6%55.4%24.6%6.7%0.7%7.9M-92.2M-1.6M0.8281.5594577323,54917,790
2021-12-07$296.08$290.0022.0%6.2%15.2%33.4%21.3%4.7%3.3%10.3M-114.5M-1.5M1.4483.3053476823,74117,810
2021-12-08$296.35$290.0021.1%5.8%15.2%29.5%20.7%4.2%2.9%10.5M-114.2M-1.5M0.7382.7699272123,78817,818
2021-12-09$293.45$290.0021.9%6.0%15.3%33.0%19.3%4.1%2.2%9.0M-91.7M-1.4M0.7582.1878859324,06617,842
2021-12-10$294.98$290.0021.6%5.9%15.4%31.8%19.4%3.3%2.2%10.7M-103.5M-1.4M0.8482.3294078924,08217,865
2021-12-13$299.15$290.0021.9%5.9%16.5%32.7%22.0%3.9%2.7%13.3M-129.9M-1.5M1.6881.607391,24323,99018,053
2021-12-14$298.03$290.0023.3%5.7%14.5%38.6%20.2%4.9%1.9%13.3M-125.6M-1.4M1.2984.2163081224,04818,080
2021-12-15$305.65$290.0018.5%5.3%17.1%18.5%18.5%4.2%3.9%18.6M-209.5M-1.5M0.3890.321,86871224,09118,150
2021-12-16$303.60$290.0020.5%5.9%17.1%26.9%19.8%3.7%3.1%19.5M-186.2M-1.5M1.2185.119631,16925,17318,159
2021-12-17$300.33$290.0019.3%5.5%17.1%21.9%18.7%2.5%3.9%35.6M-153.1M-1.4M1.0185.7599099825,20218,432
2021-12-20$294.24$290.0021.1%6.0%18.6%29.3%20.2%3.0%3.6%7.5M-83.9M-1.3M1.6180.888151,31020,75315,285
2021-12-21$295.16$290.0018.3%5.2%18.7%17.6%18.9%3.4%3.3%8.3M-91.6M-1.3M1.4580.681,0301,49120,80815,547
2021-12-22$296.66$290.0017.5%5.0%18.6%14.4%19.3%3.8%4.1%6.7M-83.5M-1.3M2.5379.916441,62720,86715,585
2021-12-23$300.21$290.0016.8%4.8%18.8%11.5%16.7%3.2%4.3%11.8M-120.3M-1.3M2.1981.175871,28720,92715,938
2021-12-27$301.91$290.0017.5%5.0%18.1%14.2%21.7%2.8%3.8%8.9M-113.9M-1.2M1.5279.321,3192,01021,09716,018
2021-12-28$303.79$290.0016.4%4.7%18.0%9.5%15.2%3.2%4.6%15.5M-149.5M-1.4M1.7381.8456297021,96616,799
2021-12-29$305.58$290.0015.0%4.3%16.8%3.9%16.3%2.7%4.7%17.9M-170.9M-1.4M0.7884.7296575221,99416,853
2021-12-30$304.24$290.0015.9%4.6%17.0%7.7%15.1%2.4%4.2%16.5M-162.6M-1.4M0.1877.086,0141,05622,56416,867
2021-12-31$304.48$300.0017.2%4.9%17.0%13.0%16.1%3.3%3.3%17.5M-143.6M-1.4M1.2080.041,9762,36421,68417,116