APD Options History — February 2022

In February 2022, APD traded between $234.62 and $284.93. ATM implied volatility averaged 26.7%, placing in the 58.3% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded below realized volatility by 2.4% (HV 20d: 29.1%). Max pain ranged from $260.00 to $290.00. Net GEX was positive for 3 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 1.00.

Notable Days

  • 2022-02-24: Highest Volume — 15,559 contracts
  • 2022-02-04: Largest IV drop — 17.1% change
  • 2022-02-03: Highest IV Rank — 74.2%
  • 2022-02-23: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$251.62$234.62$284.93$284.93$235.57
Max Pain$283.16$260.00$290.00$290.00$260.00
ATM IV26.7%20.8%30.1%29.1%29.3%
Expected Move7.5%6.0%8.6%8.3%8.4%
HV 20d29.1%18.4%33.8%20.3%33.8%
HV 60d23.2%18.2%25.3%19.1%25.3%
IV Rank58.3%31.1%74.2%69.3%70.4%
IV Percentile85.8%44.4%98.8%95.2%95.6%
Term Structure-0.8%-6.0%0.9%-5.5%-2.7%
VWIV26.6%21.2%32.0%26.7%30.4%
Skew 25d5.5%3.6%8.0%5.7%6.2%
Skew 10d11.4%7.9%18.7%12.5%12.3%
Call IV 25d24.2%19.6%29.4%25.3%29.4%
Put IV 25d29.7%23.3%35.6%31.0%35.6%
Bid-Ask Spread %79.4774.9084.2576.7876.70
Gamma HHI0.170.140.210.200.20
Net GEX-2.2M-6.1M11.4M11.4M-4.1M
Net DEX142.3M-77.1M217.4M-75.0M180.0M
Net VEX-1.3M-1.8M-1.1M-1.8M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.000.102.311.590.10
Total Volume5,365.3681,42015,5591,42012,794
Total OI45,173.10540,04649,77940,04644,388

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-02-01$284.93$290.0029.1%8.3%20.3%69.3%26.7%5.7%-5.5%11.4M-75.0M-1.8M1.5976.7854987125,15714,889
2022-02-02$284.40$290.0030.0%8.6%19.6%73.5%27.6%6.5%-6.0%11.3M-77.1M-1.8M0.9576.2193989125,22414,927
2022-02-03$279.99$290.0030.1%7.0%18.4%74.2%23.8%5.2%0.6%9.1M-33.5M-1.7M1.4383.021,4032,00025,58814,959
2022-02-04$264.86$290.0025.0%6.6%25.1%50.3%22.8%5.4%0.7%-1.8M107.4M-1.4M0.8981.441,8931,69226,37315,992
2022-02-07$254.42$290.0025.9%7.0%27.8%54.7%23.8%4.8%0.3%-4.7M162.1M-1.2M1.3679.071,8272,48126,95216,185
2022-02-08$253.04$290.0024.3%6.6%27.8%47.2%21.9%3.6%0.7%-4.0M164.6M-1.2M0.5576.132,2441,22427,86016,435
2022-02-09$259.41$290.0020.8%6.0%29.5%31.1%21.2%3.7%0.8%-2.8M128.3M-1.3M1.9980.211,2682,52828,41116,573
2022-02-10$251.65$290.0024.2%6.9%30.2%46.7%25.9%5.8%0.3%-4.6M172.1M-1.2M2.3182.861,3143,03528,55117,817
2022-02-11$244.86$290.0028.2%8.1%30.8%65.4%28.0%5.5%0.7%-5.2M210.3M-1.2M1.3079.441,2721,65828,79118,842
2022-02-14$242.89$290.0028.4%8.1%30.8%66.0%29.7%5.5%-0.9%-5.2M215.7M-1.2M1.1474.951,3691,56729,02619,226
2022-02-15$246.95$290.0024.1%6.9%31.8%46.4%24.3%7.2%0.0%-6.1M206.5M-1.2M0.8483.121,2801,07729,25519,692
2022-02-16$246.23$290.0023.3%6.7%31.7%42.5%23.9%5.6%0.5%-6.0M204.3M-1.2M0.6683.491,6211,07529,40519,660
2022-02-17$240.87$280.0026.5%7.6%31.8%57.3%29.9%6.7%-0.4%-5.6M217.4M-1.1M0.8381.001,6521,37330,09719,232
2022-02-18$242.58$280.0025.9%7.4%32.1%54.6%27.2%5.1%0.9%-5.4M205.6M-1.2M1.1174.901,4861,64530,23019,549
2022-02-22$238.16$270.0026.6%7.6%32.3%57.9%27.7%8.0%-0.9%-4.8M178.4M-1.1M1.2984.251,1601,50228,48817,757
2022-02-23$234.62$270.0030.1%8.6%32.4%73.9%28.3%4.3%-1.5%-4.9M189.7M-1.1M0.1277.2611,8731,46028,75818,175
2022-02-24$235.57$270.0028.7%8.2%32.6%67.6%32.0%4.6%-1.7%-4.8M185.6M-1.1M0.3478.8111,6463,91324,36618,235
2022-02-25$239.85$270.0026.7%7.7%33.7%58.3%30.3%4.6%-1.0%-3.7M160.9M-1.2M0.1880.3712,1892,17124,77318,451
2022-02-28$235.57$260.0029.3%8.4%33.8%70.4%30.4%6.2%-2.7%-4.1M180.0M-1.2M0.1076.7011,6731,12125,75118,637