APD Options History — July 2023

In July 2023, APD traded between $287.13 and $305.74. ATM implied volatility averaged 22.5%, placing in the 32.6% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 2.6% (HV 20d: 19.9%). Max pain ranged from $290.00 to $300.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 1.48.

Notable Days

  • 2023-07-13: Highest Volume — 2,072 contracts
  • 2023-07-12: Largest IV spike — 21.5% change
  • 2023-07-31: Highest IV Rank — 53.6%
  • 2023-07-31: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$297.49$287.13$305.74$298.01$304.77
Max Pain$290.50$290.00$300.00$290.00$300.00
ATM IV22.5%15.1%27.6%15.1%27.6%
Expected Move6.7%4.3%7.9%4.3%7.9%
HV 20d19.9%16.7%21.4%16.7%18.4%
HV 60d21.4%20.3%21.9%20.3%20.9%
IV Rank32.6%2.1%53.6%2.1%53.6%
IV Percentile37.5%0.4%75.4%0.4%75.4%
Term Structure-1.9%-5.3%5.3%5.3%-5.3%
VWIV23.6%15.4%26.5%15.4%26.5%
Skew 25d3.4%1.8%4.9%1.8%2.4%
Skew 10d7.1%0.3%10.5%4.1%5.0%
Call IV 25d22.1%14.8%26.4%14.8%26.4%
Put IV 25d25.4%16.6%28.8%16.6%28.8%
Bid-Ask Spread %75.4150.5293.6893.6876.71
Gamma HHI0.170.110.320.130.16
Net GEX5.8M2.6M9.2M4.9M6.1M
Net DEX-84.6M-138.8M-29.6M-84.5M-99.0M
Net VEX-725.3K-777.2K-663.3K-663.3K-751.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.480.1011.060.700.19
Total Volume536.91832,072212305
Total OI20,683.5518,78423,13718,78421,214

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-07-03$298.01$290.0015.1%4.3%16.7%2.1%15.4%1.8%5.3%4.9M-84.5M-663.3K0.7093.681258710,9427,842
2023-07-05$287.92$290.0017.9%5.1%21.4%14.0%17.8%1.9%4.1%2.7M-35.0M-689.1K0.7490.9146034211,0498,036
2023-07-06$287.13$290.0018.5%6.5%21.2%16.3%23.8%4.4%-1.1%2.6M-29.6M-730.2K0.4678.5539918211,2088,214
2023-07-07$287.53$290.0017.6%6.6%20.9%12.5%23.5%4.4%-1.2%2.8M-29.7M-716.6K0.8580.201169911,3958,309
2023-07-10$289.59$290.0020.0%6.8%20.9%22.4%23.2%4.0%-1.5%3.3M-41.4M-707.7K0.1768.602003411,3678,332
2023-07-11$288.39$290.0019.0%6.7%19.8%18.2%23.2%4.2%-1.4%3.2M-35.4M-685.0K0.4075.0627110811,4008,349
2023-07-12$293.83$290.0023.0%6.6%20.7%34.9%22.1%3.6%-1.4%5.0M-65.0M-691.6K0.5877.4437321611,5698,419
2023-07-13$299.72$290.0023.1%6.6%20.5%35.2%22.9%2.6%-1.6%5.9M-96.6M-689.7K0.1072.211,88718511,5928,496
2023-07-14$298.39$290.0023.3%6.7%20.4%35.9%25.8%4.4%-1.9%8.3M-111.3M-724.1K3.8877.988934513,1458,504
2023-07-17$298.87$290.0023.9%6.9%20.1%38.7%25.7%4.1%-2.4%8.5M-111.7M-746.5K0.4173.9428811713,1748,763
2023-07-18$297.67$290.0023.8%6.8%20.0%38.0%24.6%3.7%-2.5%8.7M-106.4M-726.3K0.3578.351966813,1988,792
2023-07-19$298.19$290.0024.0%6.9%19.4%38.8%24.8%4.9%-2.8%9.0M-112.4M-712.7K0.7880.831038013,2478,820
2023-07-20$301.19$290.0024.4%7.0%19.6%40.4%24.3%3.4%-2.6%9.2M-127.0M-732.3K11.0670.191121,23913,2398,855
2023-07-21$302.47$290.0024.0%6.9%19.5%38.8%23.3%3.7%-2.6%6.1M-138.8M-759.8K0.2050.524849613,2519,886
2023-07-24$301.90$290.0023.9%6.8%19.2%38.4%23.9%3.1%-3.0%6.1M-90.2M-734.2K2.4573.9612229911,6718,402
2023-07-25$305.74$290.0023.6%6.8%19.5%37.4%25.1%2.8%-3.4%6.3M-105.2M-750.4K1.2360.5733541211,7418,552
2023-07-26$302.02$290.0026.0%7.4%19.7%47.0%25.7%2.7%-4.3%5.6M-89.6M-746.6K0.9378.3222120511,8148,822
2023-07-27$303.03$290.0025.3%7.3%19.7%44.4%25.6%2.6%-3.7%5.9M-90.8M-771.8K2.8871.738123311,9648,967
2023-07-28$303.40$290.0025.8%7.4%19.6%46.1%25.4%2.7%-4.3%6.2M-92.7M-777.2K1.1778.4110312112,0119,120
2023-07-31$304.77$300.0027.6%7.9%18.4%53.6%26.5%2.4%-5.3%6.1M-99.0M-751.0K0.1976.712564912,0409,174