APD Options History — April 2023

In April 2023, APD traded between $281.91 and $293.77. ATM implied volatility averaged 24.5%, placing in the 22.7% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 3.4% (HV 20d: 21.1%). Max pain ranged from $280.00 to $290.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 1.15.

Notable Days

2023-04-25: Highest Volume — 831 contracts
2023-04-12: Largest IV spike — 23.8% change
2023-04-26: Highest IV Rank — 47.9%
2023-04-26: Largest Expected Move — 8.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$287.58	$281.91	$293.77	$289.10	$293.77
Max Pain	$289.47	$280.00	$290.00	$290.00	$290.00
ATM IV	24.5%	20.5%	29.4%	21.2%	27.3%
Expected Move	7.2%	6.1%	8.4%	6.1%	7.8%
HV 20d	21.1%	14.9%	25.5%	24.9%	18.2%
HV 60d	25.7%	25.3%	26.1%	26.1%	25.9%
IV Rank	22.7%	2.1%	47.9%	5.8%	37.3%
IV Percentile	32.4%	0.4%	71.4%	2.4%	57.5%
Term Structure	-1.0%	-4.5%	4.0%	3.9%	-4.5%
VWIV	25.1%	21.1%	28.4%	21.1%	26.6%
Skew 25d	4.8%	3.6%	6.8%	4.5%	4.8%
Skew 10d	10.3%	4.1%	18.3%	7.7%	9.3%
Call IV 25d	22.8%	18.9%	26.2%	18.9%	24.3%
Put IV 25d	27.6%	23.4%	30.9%	23.4%	29.1%
Bid-Ask Spread %	87.97	79.34	93.60	91.78	87.56
Gamma HHI	0.12	0.10	0.25	0.11	0.13
Net GEX	2.4M	838.0K	6.2M	2.6M	3.1M
Net DEX	-24.8M	-45.7M	-3.8M	-33.8M	-43.0M
Net VEX	-778.7K	-821.8K	-728.8K	-821.8K	-790.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.15	0.06	2.62	0.25	0.30
Total Volume	344.526	134	831	244	569
Total OI	19,628.526	18,305	20,935	19,279	19,311

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2023-04-03	$289.10	$290.00	21.2%	6.1%	24.9%	5.8%	21.1%	4.5%	3.9%	2.6M	-33.8M	-821.8K	0.25	91.78	195	49	10,434	8,845
2023-04-04	$284.11	$290.00	22.8%	6.5%	25.5%	14.2%	22.0%	4.9%	3.6%	1.5M	-14.2M	-801.8K	2.62	90.87	37	97	10,469	8,854
2023-04-05	$283.39	$290.00	23.2%	6.6%	25.4%	15.9%	24.0%	5.6%	4.0%	1.3M	-11.2M	-819.9K	0.84	92.06	101	85	10,484	8,886
2023-04-06	$281.91	$280.00	22.2%	7.5%	24.5%	10.8%	25.7%	4.5%	-0.8%	901.3K	-3.8M	-791.1K	2.11	87.30	92	194	10,567	8,925
2023-04-10	$282.32	$290.00	22.8%	7.7%	24.0%	14.0%	26.6%	5.1%	-1.6%	838.0K	-4.3M	-741.4K	2.43	85.19	54	131	10,581	9,044
2023-04-11	$286.27	$290.00	20.5%	7.1%	24.5%	2.1%	25.0%	4.6%	-1.1%	2.0M	-22.6M	-783.4K	1.25	87.88	143	179	10,598	9,111
2023-04-12	$286.73	$290.00	25.4%	7.3%	24.2%	27.3%	25.2%	6.1%	-1.2%	2.1M	-25.4M	-803.9K	1.14	90.98	122	139	10,655	9,163
2023-04-13	$289.56	$290.00	24.9%	7.1%	22.0%	24.7%	24.5%	6.8%	-1.7%	3.1M	-36.7M	-819.1K	0.55	90.21	116	64	10,705	9,200
2023-04-14	$286.46	$290.00	24.2%	6.9%	22.2%	21.4%	25.4%	5.0%	-1.0%	2.3M	-21.1M	-786.6K	1.89	91.50	96	181	10,758	9,211
2023-04-17	$285.21	$290.00	24.1%	6.9%	21.3%	20.9%	25.8%	4.8%	-1.5%	1.6M	-11.7M	-755.9K	0.56	82.04	147	83	10,799	9,281
2023-04-18	$287.46	$290.00	24.3%	7.0%	20.9%	21.8%	25.1%	3.6%	-1.2%	2.6M	-25.5M	-773.2K	2.09	85.63	117	245	10,891	9,243
2023-04-19	$289.37	$290.00	24.2%	6.9%	20.9%	21.2%	23.3%	5.0%	-1.5%	3.6M	-33.7M	-728.8K	0.59	93.60	387	230	10,911	9,399
2023-04-20	$291.06	$290.00	24.5%	7.0%	20.8%	22.6%	22.7%	4.1%	-0.9%	4.2M	-45.7M	-778.4K	1.61	88.88	209	336	11,052	9,572
2023-04-21	$289.93	$290.00	24.3%	7.0%	14.9%	21.8%	24.2%	3.7%	-1.2%	6.2M	-34.4M	-747.2K	0.61	91.98	223	137	11,094	9,841
2023-04-24	$292.84	$290.00	25.8%	7.4%	15.0%	29.5%	25.5%	4.9%	-2.6%	1.9M	-35.2M	-789.7K	0.67	80.51	211	141	9,750	8,555
2023-04-25	$289.65	$290.00	28.0%	8.0%	15.6%	40.7%	27.3%	4.7%	-3.3%	1.4M	-24.7M	-735.7K	0.06	89.56	787	44	9,826	8,559
2023-04-26	$284.44	$290.00	29.4%	8.4%	17.2%	47.9%	28.4%	4.6%	-3.7%	1.4M	-12.6M	-758.3K	0.78	84.58	205	159	10,576	8,562
2023-04-27	$290.38	$290.00	26.3%	7.5%	18.3%	32.1%	27.9%	4.7%	-2.4%	2.4M	-31.7M	-768.6K	1.59	79.34	93	148	10,623	8,607
2023-04-28	$293.77	$290.00	27.3%	7.8%	18.2%	37.3%	26.6%	4.8%	-4.5%	3.1M	-43.0M	-790.2K	0.30	87.56	439	130	10,655	8,656