APD Options History — June 2023

In June 2023, APD traded between $273.36 and $300.00. ATM implied volatility averaged 18.2%, placing in the 3.9% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded below realized volatility by 1.6% (HV 20d: 19.8%). Max pain ranged from $270.00 to $290.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.64.

Notable Days

  • 2023-06-30: Highest Volume — 1,576 contracts
  • 2023-06-14: Largest IV drop — 22.8% change
  • 2023-06-13: Highest IV Rank — 18.5%
  • 2023-06-01: Largest Expected Move — 6.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$286.30$273.36$300.00$273.36$300.00
Max Pain$284.29$270.00$290.00$290.00$290.00
ATM IV18.2%14.6%22.9%21.4%14.6%
Expected Move5.0%4.2%6.1%6.1%4.2%
HV 20d19.8%17.5%26.4%24.3%18.3%
HV 60d21.5%20.2%22.9%22.2%20.2%
IV Rank3.9%0.0%18.5%11.1%0.0%
IV Percentile3.3%0.0%28.2%7.1%0.0%
Term Structure3.0%-0.8%5.3%-0.8%5.3%
VWIV17.9%15.2%21.3%21.3%15.2%
Skew 25d3.4%1.8%5.1%2.7%2.8%
Skew 10d6.7%0.9%13.9%5.1%6.5%
Call IV 25d16.1%13.1%20.3%20.3%13.1%
Put IV 25d19.5%15.9%23.0%23.0%15.9%
Bid-Ask Spread %81.1256.1395.5182.4695.51
Gamma HHI0.130.090.180.180.15
Net GEX994.1K-1.9M5.0M-1.9M5.0M
Net DEX-26.0M-90.9M19.9M19.9M-90.9M
Net VEX-608.6K-647.9K-569.0K-619.7K-647.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.151.710.280.61
Total Volume588.4761491,5764691,576
Total OI19,087.52414,46722,21120,56917,569

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-06-01$273.36$290.0021.4%6.1%24.3%11.1%21.3%2.7%-0.8%-1.9M19.9M-619.7K0.2882.4636510411,9358,634
2023-06-02$280.81$290.0019.6%5.6%26.4%1.7%20.8%3.6%-0.7%-226.7K-5.6M-635.4K0.5280.2228514912,1058,674
2023-06-05$280.50$270.0019.6%5.4%25.0%1.9%20.0%4.2%2.5%-384.0K-4.7M-605.9K0.9367.9426024312,0798,687
2023-06-06$278.69$280.0020.3%5.4%25.0%5.7%18.9%4.8%1.5%-881.1K4.2M-582.2K0.8386.2038632112,0978,797
2023-06-07$281.99$280.0020.8%5.3%18.1%8.2%19.6%5.1%2.8%-60.9K-10.2M-611.9K1.7184.7118531712,4029,033
2023-06-08$283.58$280.0020.3%5.4%18.2%5.5%17.8%4.0%2.3%-758.1K-12.9M-610.0K1.5562.9822034112,4659,338
2023-06-09$278.57$280.0019.5%5.2%18.3%1.6%19.0%3.7%2.7%-1.4M5.1M-586.1K0.5674.151247012,4619,163
2023-06-12$278.86$280.0022.3%5.2%18.3%15.4%18.4%3.8%2.6%-1.3M5.6M-569.0K0.2174.3376315912,4609,198
2023-06-13$284.87$280.0022.9%5.1%19.5%18.5%18.1%4.9%2.8%460.0K-22.3M-590.8K0.5664.4926014512,8439,245
2023-06-14$288.30$280.0017.6%5.1%19.2%0.0%18.0%3.6%2.6%932.3K-35.2M-625.3K0.3287.0048215412,8199,311
2023-06-15$291.59$280.0017.3%5.0%19.4%0.0%17.4%2.7%4.5%893.4K-51.4M-606.7K0.2182.764168712,8029,399
2023-06-16$293.56$280.0016.6%4.8%19.3%0.0%17.1%3.7%3.7%1.7M-62.8M-620.7K0.6487.0442227012,7869,425
2023-06-20$289.87$280.0016.6%4.8%19.5%0.0%16.8%2.5%3.6%1.9M-34.5M-589.0K0.5073.704842448,2416,226
2023-06-21$289.35$290.0016.2%4.7%18.7%0.0%16.8%2.6%3.9%2.0M-30.5M-600.0K0.3056.133441028,5996,315
2023-06-22$288.17$290.0016.0%4.6%18.0%0.0%16.4%2.5%3.9%2.1M-29.5M-602.8K0.5092.245162598,8826,387
2023-06-23$286.17$290.0016.3%4.7%18.2%1.2%16.7%2.5%3.6%1.9M-28.8M-628.2K0.3186.83221689,2076,588
2023-06-26$287.05$290.0015.5%4.4%18.0%0.0%17.2%3.1%4.0%2.0M-27.9M-596.7K1.0393.451161209,3256,627
2023-06-27$291.40$290.0016.2%4.6%18.6%2.9%17.6%3.5%4.5%2.8M-40.9M-611.9K0.9089.48100909,3976,725
2023-06-28$291.51$290.0016.9%4.8%18.6%5.9%17.3%3.4%3.8%2.7M-39.8M-614.1K0.1591.96130199,4316,815
2023-06-29$294.02$290.0015.9%4.6%17.5%1.8%15.9%1.8%4.7%3.4M-53.0M-625.4K0.7089.958475949,5276,819
2023-06-30$300.00$290.0014.6%4.2%18.3%0.0%15.2%2.8%5.3%5.0M-90.9M-647.9K0.6195.5197759910,2307,339