APD Options History — August 2023

In August 2023, APD traded between $283.70 and $303.59. ATM implied volatility averaged 19.6%, placing in the 20.7% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded below realized volatility by 2.7% (HV 20d: 22.2%). Max pain ranged from $290.00 to $300.00. Net GEX was positive for 10 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 1.19.

Notable Days

  • 2023-08-03: Highest Volume — 2,166 contracts
  • 2023-08-03: Largest IV drop — 28.8% change
  • 2023-08-02: Highest IV Rank — 72.1%
  • 2023-08-02: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$288.68$283.70$303.59$303.59$295.80
Max Pain$290.87$290.00$300.00$300.00$290.00
ATM IV19.6%14.3%32.1%27.2%14.3%
Expected Move5.6%4.1%9.2%7.8%4.1%
HV 20d22.2%12.1%24.4%18.2%12.1%
HV 60d20.6%19.6%23.3%20.8%19.6%
IV Rank20.7%0.0%72.1%52.2%0.0%
IV Percentile15.4%0.0%89.7%74.6%0.0%
Term Structure1.2%-7.8%3.7%-5.4%2.2%
VWIV19.9%15.5%32.3%27.9%16.0%
Skew 25d3.2%2.4%3.9%2.4%2.4%
Skew 10d6.7%3.4%8.5%5.2%5.6%
Call IV 25d18.4%14.2%31.1%26.1%14.2%
Put IV 25d21.6%16.6%33.6%28.6%16.6%
Bid-Ask Spread %74.1435.3088.6878.2688.68
Gamma HHI0.150.120.230.140.20
Net GEX499.2K-2.8M5.5M5.5M4.2M
Net DEX-12.1M-85.5M12.8M-85.5M-48.2M
Net VEX-725.6K-797.7K-689.6K-797.7K-694.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.190.144.841.312.05
Total Volume697.2171572,166157235
Total OI22,674.17420,93024,75520,93022,341

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-08-01$303.59$300.0027.2%7.8%18.2%52.2%27.9%2.4%-5.4%5.5M-85.5M-797.7K1.3178.26688911,7289,202
2023-08-02$299.39$300.0032.1%9.2%13.9%72.1%32.3%2.5%-7.8%4.0M-66.1M-778.8K1.5772.1637458711,7669,251
2023-08-03$283.70$290.0022.8%6.1%24.2%34.1%20.1%3.6%1.5%-708.0K11.4M-690.4K0.6973.911,28088611,9949,497
2023-08-04$284.05$290.0021.2%5.9%24.2%27.4%19.5%3.2%1.7%-417.6K5.7M-704.6K0.6972.5063043712,5939,640
2023-08-07$286.62$290.0018.7%5.3%24.3%17.0%19.1%2.8%2.7%841.2K-6.8M-731.6K2.3074.9034779812,8349,762
2023-08-08$284.26$290.0021.8%5.9%24.4%29.7%20.7%3.5%1.7%-715.9K9.6M-743.4K1.9735.3025450113,01410,274
2023-08-09$286.08$290.0019.0%5.5%23.5%18.4%20.2%3.1%2.4%-382.4K-72.0K-768.6K2.1378.5315633213,14210,753
2023-08-10$285.65$290.0018.5%5.3%22.1%16.3%18.9%3.3%2.8%-1.4M5.7M-740.3K0.8536.2117214713,06710,990
2023-08-11$288.26$290.0017.8%5.1%22.5%13.3%18.0%3.2%3.3%203.7K-7.6M-728.5K0.9778.7117917313,09811,072
2023-08-14$290.56$290.0018.2%5.2%22.7%15.0%19.2%3.0%2.7%1.8M-18.8M-724.9K2.3159.0817640613,13411,080
2023-08-15$284.44$290.0021.1%6.1%23.8%27.0%20.8%3.9%1.5%-2.4M12.8M-717.6K0.3349.751,31043613,15410,917
2023-08-16$286.27$290.0018.9%5.4%23.9%17.9%20.6%3.6%2.9%-1.7M3.6M-726.9K0.2381.691,09825213,51911,236
2023-08-17$284.57$290.0020.9%6.0%23.5%26.2%22.9%3.9%3.7%-2.8M12.6M-726.1K4.8479.507737313,14811,276
2023-08-18$285.90$290.0019.3%5.5%23.6%19.7%20.4%3.5%0.4%-538.7K7.4M-726.9K0.2082.173136213,15711,514
2023-08-21$285.59$290.0018.6%5.3%23.6%16.6%18.6%3.3%1.1%-549.5K743.6K-720.8K0.2279.7052111611,3819,683
2023-08-22$285.30$290.0018.5%5.3%22.9%16.2%18.8%3.6%1.2%-377.2K281.4K-716.0K0.2181.8986218411,6669,696
2023-08-23$285.95$290.0018.1%5.2%22.7%14.7%17.8%3.6%1.0%-251.5K-2.9M-728.5K0.1481.363735411,8249,813
2023-08-24$286.82$290.0018.2%5.2%22.7%15.1%19.6%3.4%1.1%-430.1K-2.8M-708.2K0.3582.191615711,6519,825
2023-08-25$288.43$290.0016.8%4.8%22.9%9.2%17.5%3.2%1.6%138.9K-9.4M-707.1K1.4385.1511015711,7639,857
2023-08-28$289.44$290.0016.6%4.8%22.8%8.4%16.6%3.1%1.9%868.0K-17.1M-705.6K1.1786.6729434411,7999,929
2023-08-29$293.62$290.0016.5%4.7%23.6%7.9%15.5%2.9%1.7%3.0M-38.7M-712.1K0.3784.542569512,02510,184
2023-08-30$295.42$290.0014.7%4.2%23.3%0.5%16.3%2.5%1.9%3.4M-43.3M-689.6K0.9982.3915315112,06010,197
2023-08-31$295.80$290.0014.3%4.1%12.1%0.0%16.0%2.4%2.2%4.2M-48.2M-694.8K2.0588.687715812,12310,218