APD Options History — March 2022

In March 2022, APD traded between $217.69 and $252.41. ATM implied volatility averaged 28.8%, placing in the 60.2% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded below realized volatility by 0.8% (HV 20d: 29.7%). Max pain ranged from $240.00 to $260.00. Net GEX was positive for 4 of 23 trading days. Term structure was in contango for 20 of 23 days. Put/call ratio averaged 0.48.

Notable Days

  • 2022-03-09: Highest Volume — 13,717 contracts
  • 2022-03-08: Largest IV drop — 15.2% change
  • 2022-03-04: Highest IV Rank — 100.0%
  • 2022-03-11: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$233.01$217.69$252.41$230.84$251.27
Max Pain$248.70$240.00$260.00$260.00$240.00
ATM IV28.8%21.2%39.7%34.4%23.0%
Expected Move8.9%7.0%12.0%9.9%7.5%
HV 20d29.7%25.9%32.6%32.5%28.5%
HV 60d27.3%25.3%29.1%25.5%28.5%
IV Rank60.2%27.9%100.0%94.1%34.8%
IV Percentile85.9%49.6%100.0%99.6%64.7%
Term Structure1.4%-3.3%4.3%-3.3%3.6%
VWIV31.4%24.2%42.5%32.7%26.4%
Skew 25d5.6%3.0%8.1%7.1%5.0%
Skew 10d11.2%6.0%20.9%11.9%10.5%
Call IV 25d26.8%19.2%32.9%32.9%21.2%
Put IV 25d32.4%23.4%40.0%40.0%26.3%
Bid-Ask Spread %74.1862.8482.3178.5575.80
Gamma HHI0.190.120.350.200.13
Net GEX-3.2M-6.1M2.0M-4.1M630.6K
Net DEX151.3M7.4M242.9M194.9M52.9M
Net VEX-1.2M-1.3M-1.1M-1.1M-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.092.220.100.36
Total Volume8,611.872,27713,71712,4525,501
Total OI41,576.91330,32549,55044,68733,311

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-03-01$230.84$260.0034.4%9.9%32.5%94.1%32.7%7.1%-3.3%-4.1M194.9M-1.1M0.1078.5511,2701,18225,88818,799
2022-03-02$233.82$260.0031.2%8.9%32.6%78.9%31.6%4.3%0.1%-4.5M188.0M-1.2M0.0980.9211,5661,00026,12019,018
2022-03-03$231.41$260.0033.3%9.5%32.4%88.7%33.2%7.2%1.2%-4.4M195.0M-1.1M0.0982.0311,4381,02326,50019,084
2022-03-04$227.40$260.0034.5%9.9%32.5%100.0%38.6%7.6%1.1%-4.4M210.4M-1.1M0.1380.5511,6111,56526,65219,194
2022-03-07$221.67$260.0039.7%11.4%28.4%100.0%40.1%5.4%-0.1%-4.4M225.0M-1.1M0.2179.8811,0572,28827,15319,566
2022-03-08$219.43$260.0033.7%11.0%25.9%76.4%39.0%8.1%-0.5%-5.1M241.0M-1.1M0.1280.0811,3301,33927,18920,324
2022-03-09$228.01$260.0030.7%9.9%30.6%64.7%35.4%6.8%0.7%-4.9M203.9M-1.2M0.1179.6412,3081,40927,47820,407
2022-03-10$226.98$260.0030.6%9.6%28.5%64.3%35.8%7.2%1.9%-4.9M206.7M-1.2M0.1176.2511,3151,27128,19420,639
2022-03-11$219.97$260.0033.7%12.0%28.6%76.5%42.5%5.5%1.0%-4.9M231.3M-1.2M0.1182.3111,0581,26628,35020,740
2022-03-14$217.69$250.0033.1%9.9%27.6%74.3%34.6%7.0%0.9%-5.1M242.9M-1.1M0.1164.6011,1191,19828,43320,791
2022-03-15$222.12$250.0032.3%9.5%29.1%70.8%32.1%7.1%0.9%-5.4M227.2M-1.1M0.1062.8411,2991,12728,58320,776
2022-03-16$223.51$240.0030.1%9.2%28.3%62.4%31.0%5.2%1.9%-5.9M221.5M-1.1M0.1166.2211,5321,27928,55720,784
2022-03-17$228.02$240.0027.5%8.3%29.7%52.5%30.3%4.9%1.4%-6.1M195.8M-1.2M0.2868.425,4101,48828,79520,755
2022-03-18$232.14$240.0025.7%8.1%29.8%45.4%29.3%4.3%2.4%-5.5M164.1M-1.2M0.2770.065,5681,51828,95420,457
2022-03-21$233.38$240.0027.9%8.5%29.7%53.7%27.8%4.6%1.5%-2.8M111.5M-1.2M0.9069.661,4851,33313,97916,346
2022-03-22$236.71$240.0025.3%7.7%29.6%43.5%26.9%5.2%1.5%-2.4M99.5M-1.2M2.2271.461,1072,45514,50816,594
2022-03-23$235.14$240.0023.4%7.5%29.2%36.3%28.0%3.9%2.1%-2.6M100.5M-1.2M2.1869.947321,59614,82216,509
2022-03-24$241.60$240.0024.2%7.6%30.7%39.4%25.8%4.9%2.2%-1.4M71.5M-1.3M1.0968.361,5521,68714,85216,720
2022-03-25$245.72$240.0023.7%7.3%30.6%37.5%26.1%3.7%1.8%-93.9K43.2M-1.3M0.6572.341,7831,15815,33216,872
2022-03-28$247.94$240.0022.3%7.2%29.9%31.9%25.1%5.0%2.8%728.5K34.3M-1.3M0.7174.331,6301,15515,80417,000
2022-03-29$252.01$240.0021.9%7.0%29.0%30.3%24.7%4.8%3.1%1.3M11.7M-1.3M0.7277.041,32695115,59017,032
2022-03-30$252.41$240.0021.2%7.3%28.8%27.9%24.2%3.0%4.3%2.0M7.4M-1.3M0.3374.764,3461,44215,68517,133
2022-03-31$251.27$240.0023.0%7.5%28.5%34.8%26.4%5.0%3.6%630.6K52.9M-1.3M0.3675.804,0591,44215,44917,862