APD Options History — May 2023

In May 2023, APD traded between $270.73 and $296.69. ATM implied volatility averaged 23.7%, placing in the 20.3% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 0.6% (HV 20d: 23.1%). Max pain ranged from $290.00 to $290.00. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.60.

Notable Days

  • 2023-05-08: Highest Volume — 2,302 contracts
  • 2023-05-09: Largest IV drop — 36.6% change
  • 2023-05-08: Highest IV Rank — 69.9%
  • 2023-05-03: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$280.72$270.73$296.69$295.62$270.76
Max Pain$290.00$290.00$290.00$290.00$290.00
ATM IV23.7%19.2%33.7%25.2%22.3%
Expected Move6.6%5.5%8.6%7.2%6.4%
HV 20d23.1%15.7%26.3%16.9%24.1%
HV 60d21.3%18.9%22.4%20.4%22.1%
IV Rank20.3%0.0%69.9%26.5%15.8%
IV Percentile26.3%0.0%91.3%39.7%16.7%
Term Structure0.2%-4.5%3.4%-3.7%-0.8%
VWIV22.8%19.1%29.5%25.5%22.5%
Skew 25d4.2%2.1%5.9%4.4%3.6%
Skew 10d9.0%3.5%15.5%12.0%7.7%
Call IV 25d21.4%18.1%27.4%24.4%21.0%
Put IV 25d25.6%22.5%31.8%28.9%24.6%
Bid-Ask Spread %83.5176.3388.3382.1779.56
Gamma HHI0.130.100.180.140.17
Net GEX-498.1K-3.5M3.6M3.6M-2.1M
Net DEX5.3M-54.6M34.1M-50.0M33.2M
Net VEX-690.4K-830.2K-613.8K-762.4K-613.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.101.400.620.49
Total Volume502.6361052,302366311
Total OI20,381.18219,58421,14719,58420,741

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$295.62$290.0025.2%7.2%16.9%26.5%25.5%4.4%-3.7%3.6M-50.0M-762.4K0.6282.1722614010,8428,742
2023-05-02$292.40$290.0029.1%8.3%17.0%46.4%29.1%3.7%-4.3%2.8M-39.0M-777.7K0.4886.851266110,9198,792
2023-05-03$294.31$290.0030.1%8.6%15.7%51.4%29.5%4.4%-4.5%3.2M-43.6M-783.2K0.6488.03644110,9768,802
2023-05-04$290.58$290.0032.5%7.7%16.5%63.7%27.7%5.9%-0.1%2.3M-32.0M-788.6K0.4785.02753510,9968,816
2023-05-05$296.69$290.0028.4%6.9%17.7%42.7%23.8%5.3%0.5%3.6M-54.6M-830.2K0.2781.842366411,0168,831
2023-05-08$295.31$290.0033.7%7.2%17.9%69.9%26.1%4.5%-0.1%3.4M-52.9M-771.6K1.4084.179591,34311,1128,877
2023-05-09$280.76$290.0021.3%6.4%25.4%6.4%22.6%4.8%2.4%-764.5K16.2M-706.1K0.5881.5858433711,4409,277
2023-05-10$281.06$290.0022.3%6.4%25.4%11.6%22.4%5.5%2.1%-659.7K14.8M-699.9K1.1983.2631937911,4389,283
2023-05-11$276.27$290.0021.6%6.2%25.6%8.2%21.5%4.9%2.9%-1.9M31.4M-676.5K1.1785.9417921011,4919,292
2023-05-12$277.19$290.0021.2%6.1%25.5%5.9%21.7%4.7%2.5%-1.4M14.1M-718.0K1.0185.1615815911,5559,285
2023-05-15$279.70$290.0020.8%6.0%25.8%4.0%20.6%5.0%3.0%-1.9M18.8M-675.2K0.8888.3312911411,6069,324
2023-05-16$276.14$290.0020.2%5.8%25.9%0.6%20.7%4.7%3.4%-2.8M34.1M-626.0K0.4783.191265911,5819,322
2023-05-17$275.56$290.0020.1%5.8%25.7%0.1%20.6%4.3%2.9%-2.7M30.1M-625.2K0.7587.8041831411,6139,135
2023-05-18$274.86$290.0021.2%6.1%25.5%6.0%20.2%3.9%0.8%-2.6M32.1M-637.6K0.8184.3026221211,8309,163
2023-05-19$279.19$290.0019.2%5.5%26.3%0.0%19.1%4.3%1.4%-3.5M14.6M-649.2K0.5486.1838220811,9559,192
2023-05-22$275.34$290.0019.7%5.6%26.2%2.4%20.3%3.5%0.1%-1.2M18.8M-649.1K0.2880.2959216711,1218,495
2023-05-23$271.86$290.0022.0%6.3%26.3%14.4%22.1%2.1%-0.5%-1.4M27.5M-645.1K0.4882.3040419211,4028,597
2023-05-24$270.73$290.0022.6%6.5%25.7%17.3%21.7%4.0%-0.5%-1.9M31.7M-636.3K0.1683.752894511,4868,725
2023-05-25$273.04$290.0022.5%6.5%24.6%16.9%21.0%3.9%-0.6%-1.6M25.0M-643.2K0.1076.331791811,6068,733
2023-05-26$273.77$290.0022.2%6.4%24.1%15.1%21.1%3.4%-0.3%-1.9M25.5M-643.7K0.2583.123338311,7058,742
2023-05-30$274.66$290.0023.5%6.7%24.0%21.7%22.2%2.2%-1.4%-1.6M20.5M-629.7K0.1978.104428411,7578,773
2023-05-31$270.76$290.0022.3%6.4%24.1%15.8%22.5%3.6%-0.8%-2.1M33.2M-613.8K0.4979.5620910211,9238,818