APD Options History — December 2022

In December 2022, APD traded between $307.67 and $325.04. ATM implied volatility averaged 24.9%, placing in the 40.0% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded below realized volatility by 0.4% (HV 20d: 25.3%). Max pain ranged from $250.00 to $300.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 1.01.

Notable Days

  • 2022-12-29: Highest Volume — 20,088 contracts
  • 2022-12-14: Largest IV drop — 25.2% change
  • 2022-12-12: Highest IV Rank — 71.9%
  • 2022-12-06: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$314.87$307.67$325.04$312.83$307.67
Max Pain$261.90$250.00$300.00$270.00$300.00
ATM IV24.9%21.5%32.8%23.9%23.1%
Expected Move6.7%6.2%7.1%6.9%6.6%
HV 20d25.3%20.4%34.7%34.7%20.4%
HV 60d31.2%29.8%32.3%32.2%29.8%
IV Rank40.0%26.2%71.9%36.1%30.0%
IV Percentile31.1%7.1%85.3%24.2%16.3%
Term Structure3.6%-0.3%5.8%-0.3%3.8%
VWIV24.2%21.8%27.3%24.2%22.7%
Skew 25d4.1%3.0%5.5%5.1%3.0%
Skew 10d9.1%4.7%12.9%12.8%9.7%
Call IV 25d22.2%20.0%24.0%21.6%22.4%
Put IV 25d26.3%23.8%28.0%26.7%25.4%
Bid-Ask Spread %73.6868.9480.9380.9376.69
Gamma HHI0.160.140.210.150.21
Net GEX11.1M7.1M14.9M13.5M7.1M
Net DEX-444.8M-596.1M-120.4M-495.9M-120.4M
Net VEX-1.2M-1.3M-1.1M-1.1M-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.010.054.161.100.74
Total Volume1,986.42925720,088700638
Total OI49,646.09539,36657,23750,13539,366

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-12-01$312.83$270.0023.9%6.9%34.7%36.1%24.2%5.1%-0.3%13.5M-495.9M-1.1M1.1080.9333336727,98322,152
2022-12-02$318.80$270.0022.5%6.5%28.2%30.4%23.1%3.9%0.5%13.6M-543.3M-1.2M0.1780.651,57526928,16322,400
2022-12-05$315.67$250.0024.9%6.7%25.9%40.0%24.0%4.4%3.7%13.7M-527.9M-1.1M0.8368.9439232628,53022,526
2022-12-06$312.46$250.0027.7%7.1%26.6%51.5%27.3%4.9%2.8%13.0M-491.6M-1.2M4.1672.644441,84928,70422,662
2022-12-07$314.07$260.0028.1%7.1%26.0%53.1%24.4%5.2%2.6%11.3M-492.4M-1.2M0.5470.0650227228,81024,400
2022-12-08$319.48$260.0027.2%6.9%25.4%49.2%25.1%4.1%3.6%12.5M-549.7M-1.1M0.6571.6654435629,03024,549
2022-12-09$314.59$260.0028.1%7.1%25.3%53.1%25.0%4.8%4.1%11.6M-492.6M-1.3M1.3973.337421,03429,33424,713
2022-12-12$318.25$260.0032.8%6.9%25.4%71.9%26.4%4.6%3.6%12.0M-529.3M-1.2M0.4969.4075336729,24225,597
2022-12-13$325.04$260.0031.6%6.7%25.1%67.3%25.2%5.5%3.3%13.3M-588.1M-1.2M1.3571.041,9742,67329,46925,838
2022-12-14$324.30$260.0023.7%6.8%24.9%35.0%24.9%5.0%3.3%14.9M-596.1M-1.2M2.2173.3136079430,57026,667
2022-12-15$315.13$260.0023.4%6.7%27.6%33.8%23.8%5.3%3.8%10.8M-485.4M-1.3M0.4669.2048022329,60227,060
2022-12-16$317.08$260.0022.6%6.5%26.9%30.5%23.4%3.9%3.4%11.9M-514.4M-1.2M0.8876.8044239129,62627,125
2022-12-19$313.54$260.0024.4%7.0%27.2%38.1%23.9%3.7%4.0%9.1M-374.2M-1.1M0.7575.0537528124,51019,587
2022-12-20$312.88$260.0022.9%6.6%27.3%31.7%22.8%3.3%5.1%9.5M-372.6M-1.1M0.9770.2654152324,71719,628
2022-12-21$314.39$260.0022.3%6.4%23.2%29.6%22.8%3.6%3.9%9.5M-377.9M-1.1M0.9670.4316716124,79719,919
2022-12-22$310.60$260.0023.7%6.8%23.7%35.3%23.9%3.2%3.7%8.8M-356.8M-1.2M0.6476.4229318724,88620,012
2022-12-23$311.89$260.0021.5%6.2%23.4%26.2%21.8%3.8%4.6%9.2M-365.2M-1.1M1.3472.0611014724,94620,008
2022-12-27$312.71$260.0023.4%6.7%21.9%34.1%24.1%3.3%5.4%9.2M-363.1M-1.1M0.5676.2124413624,99920,041
2022-12-28$309.56$260.0023.9%6.8%22.0%35.8%23.8%3.4%4.6%8.4M-342.5M-1.1M1.0676.2617618625,06520,112
2022-12-29$311.37$260.0021.9%6.3%20.4%28.0%25.2%3.0%5.8%9.4M-361.6M-1.1M0.0575.9319,18290625,12920,094
2022-12-30$307.67$300.0023.1%6.6%20.4%30.0%22.7%3.0%3.8%7.1M-120.4M-1.1M0.7476.6936627218,63620,730