APD Options History — January 2023

In January 2023, APD traded between $300.60 and $319.75. ATM implied volatility averaged 25.9%, placing in the 32.6% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 8.4% (HV 20d: 17.6%). Max pain ranged from $290.00 to $310.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 1.41.

Notable Days

  • 2023-01-17: Highest Volume — 2,388 contracts
  • 2023-01-11: Largest IV spike — 12.2% change
  • 2023-01-30: Highest IV Rank — 45.9%
  • 2023-01-30: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$309.55$300.60$319.75$306.47$319.75
Max Pain$308.50$290.00$310.00$300.00$310.00
ATM IV25.9%22.6%29.4%23.6%29.2%
Expected Move7.7%6.8%8.4%6.8%8.4%
HV 20d17.6%15.1%21.1%19.1%17.3%
HV 60d27.6%26.4%29.3%29.3%26.4%
IV Rank32.6%23.5%45.9%29.5%44.8%
IV Percentile36.6%11.1%65.5%19.8%64.3%
Term Structure-1.7%-4.7%4.6%4.6%-4.7%
VWIV26.9%24.5%29.6%24.8%27.9%
Skew 25d4.8%1.1%7.4%3.2%4.3%
Skew 10d11.9%4.8%18.6%8.4%5.2%
Call IV 25d24.6%22.9%26.8%22.9%26.3%
Put IV 25d29.3%25.0%31.8%26.1%30.6%
Bid-Ask Spread %78.9272.3785.6381.1079.97
Gamma HHI0.270.160.490.230.25
Net GEX6.6M1.7M11.5M6.7M6.4M
Net DEX-115.6M-163.0M-71.4M-111.9M-129.5M
Net VEX-939.6K-1.0M-884.6K-1.0M-939.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.410.135.002.012.64
Total Volume766.42092,3887311,035
Total OI33,713.519,31243,31639,39121,144

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-01-03$306.47$300.0023.6%6.8%19.1%29.5%24.8%3.2%4.6%6.7M-111.9M-1.0M2.0181.1024348818,61720,774
2023-01-04$304.31$290.0024.9%7.1%19.0%35.1%27.3%5.6%2.8%5.8M-107.0M-1.0M5.0072.372331,16518,66520,353
2023-01-05$302.74$310.0025.0%8.2%18.7%35.4%29.6%5.0%-1.8%6.2M-104.5M-966.6K4.6278.183381,56118,68220,129
2023-01-06$310.76$310.0022.6%7.6%21.1%25.0%26.4%7.4%-0.8%6.7M-140.9M-1.0M0.4778.0323411118,57021,499
2023-01-09$311.70$310.0024.0%8.1%20.1%28.2%28.5%5.1%-2.0%8.8M-159.3M-965.9K0.7377.1637427218,65221,517
2023-01-10$311.35$310.0023.8%7.7%19.4%27.2%27.7%5.8%-1.3%8.9M-153.6M-965.1K0.8676.2522819718,76921,670
2023-01-11$312.46$310.0026.7%7.6%18.9%40.4%26.5%7.2%-1.1%9.2M-163.0M-911.6K1.1877.2319923518,88121,757
2023-01-12$309.61$310.0025.4%7.3%17.2%34.5%25.2%5.1%-0.6%9.7M-141.6M-927.4K1.1177.6814115718,91821,768
2023-01-13$310.96$310.0025.1%7.2%17.4%23.6%24.5%5.2%-1.1%11.4M-152.3M-903.1K0.3878.9626310018,96521,864
2023-01-17$306.45$310.0025.8%7.4%15.1%27.2%25.0%5.0%-2.1%11.5M-113.0M-884.6K0.1379.292,11827019,11321,892
2023-01-18$302.28$310.0026.9%7.7%15.4%33.1%27.0%3.6%-1.7%6.6M-87.5M-922.9K1.2280.3029235721,03921,984
2023-01-19$300.60$310.0027.5%7.9%15.1%35.9%28.0%4.7%-1.5%1.7M-72.6M-923.2K1.6979.6121836821,12422,192
2023-01-20$304.08$310.0026.9%7.7%15.9%32.7%27.4%4.2%-2.1%2.6M-105.4M-890.8K1.8082.0026247221,12922,122
2023-01-23$307.84$310.0026.2%7.5%16.5%29.3%25.7%1.1%-2.9%3.5M-71.4M-893.8K1.5385.6352680310,2839,029
2023-01-24$312.63$310.0026.1%7.5%16.9%28.6%27.2%4.4%-2.8%4.4M-89.6M-895.9K0.9876.7137336510,5449,564
2023-01-25$312.26$310.0027.2%7.8%16.9%34.4%26.5%4.6%-3.2%4.8M-89.4M-918.2K0.4380.6924410610,7889,653
2023-01-26$316.02$310.0025.1%7.2%17.4%23.5%26.8%4.6%-2.6%5.6M-109.6M-911.2K0.3373.1736912210,9419,730
2023-01-27$314.46$310.0027.7%7.9%17.0%37.1%27.7%4.8%-4.1%5.6M-106.0M-980.8K0.7482.841208911,1689,768
2023-01-30$314.26$310.0029.4%8.4%16.9%45.9%28.7%4.4%-4.5%5.6M-104.6M-931.6K0.4381.221968411,2189,795
2023-01-31$319.75$310.0029.2%8.4%17.3%44.8%27.9%4.3%-4.7%6.4M-129.5M-939.8K2.6479.9728475111,3369,808