APD Options History — September 2023

In September 2023, APD traded between $283.45 and $305.90. ATM implied volatility averaged 17.8%, placing in the 18.3% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 2.4% (HV 20d: 15.4%). 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 20 of 20 days. Put/call ratio averaged 0.89.

Notable Days

  • 2023-09-28: Highest Volume — 1,595 contracts
  • 2023-09-05: Largest IV spike — 24.8% change
  • 2023-09-27: Highest IV Rank — 39.4%
  • 2023-09-27: Largest Expected Move — 6.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$294.62$283.45$305.90$298.49$283.45
Max Pain$297.50$290.00$300.00$290.00$290.00
ATM IV17.8%13.1%23.2%13.1%21.5%
Expected Move5.1%3.8%6.7%3.8%6.2%
HV 20d15.4%12.4%18.5%12.4%18.3%
HV 60d19.5%18.6%20.2%19.6%18.8%
IV Rank18.3%0.0%39.4%0.0%32.8%
IV Percentile13.2%0.0%50.4%0.0%31.7%
Term Structure3.5%2.6%4.5%2.6%3.3%
VWIV18.2%14.3%22.1%14.3%21.7%
Skew 25d3.2%2.1%4.0%2.1%3.2%
Skew 10d6.1%3.6%7.3%6.0%6.0%
Call IV 25d16.8%13.1%21.1%13.1%19.7%
Put IV 25d19.9%15.2%25.1%15.2%22.9%
Bid-Ask Spread %85.6678.7888.0082.0687.75
Gamma HHI0.160.100.310.230.10
Net GEX3.3M227.3K8.4M6.0M227.3K
Net DEX-39.5M-97.2M9.3M-64.0M9.3M
Net VEX-684.7K-721.4K-655.1K-721.4K-693.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.223.910.702.79
Total Volume5181821,595237667
Total OI21,721.7519,19924,00322,45121,647

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-09-01$298.49$290.0013.1%3.8%12.4%0.0%14.3%2.1%2.6%6.0M-64.0M-721.4K0.7082.061399812,16010,291
2023-09-05$293.75$290.0016.3%4.9%13.7%12.6%18.6%3.2%3.0%3.0M-35.3M-669.5K0.7182.0038327112,15710,298
2023-09-06$293.02$290.0016.5%5.0%13.3%13.1%17.5%3.1%3.1%2.4M-30.8M-674.3K1.0185.0713813912,30110,437
2023-09-07$292.39$300.0016.4%5.1%13.3%12.8%19.0%3.3%3.3%1.9M-25.6M-680.0K3.9185.4711745812,38410,506
2023-09-08$298.46$290.0014.3%4.7%14.9%4.8%16.9%3.3%3.7%5.9M-59.0M-682.8K0.5687.1836420412,42710,825
2023-09-11$302.87$300.0017.5%4.8%15.4%17.2%16.4%3.0%3.4%8.4M-88.6M-655.1K0.2678.781,01326012,58510,907
2023-09-12$302.29$300.0019.2%4.8%15.3%23.7%16.8%3.0%3.3%6.6M-81.7M-687.0K0.5787.131739912,77710,985
2023-09-13$303.36$300.0016.7%4.8%12.6%14.2%16.7%2.9%3.4%6.4M-87.4M-672.2K0.9686.5418617812,77511,035
2023-09-14$305.90$300.0015.0%4.3%12.7%7.5%16.0%2.6%2.7%4.0M-97.2M-676.6K0.4985.381778712,82211,122
2023-09-15$301.39$300.0016.6%4.7%13.9%13.5%16.8%2.9%4.0%7.7M-79.6M-670.3K0.3287.3979125112,85311,150
2023-09-18$300.03$300.0016.1%4.6%14.1%11.8%15.8%2.8%4.5%3.5M-49.9M-674.3K0.3687.6439514410,8148,385
2023-09-19$299.42$300.0016.2%4.6%14.1%12.1%16.6%3.0%4.5%3.5M-46.1M-711.0K0.2288.003557911,1518,482
2023-09-20$294.64$300.0017.6%5.1%15.6%17.6%17.5%3.0%4.0%2.8M-34.9M-702.3K1.0986.40879511,4308,497
2023-09-21$287.88$300.0019.2%5.5%17.9%23.9%19.2%3.3%3.7%803.4K-5.3M-679.8K0.6187.6931219011,4608,523
2023-09-22$286.50$300.0018.8%5.4%17.9%22.3%19.7%3.5%3.8%497.2K1.2M-695.6K0.5487.161457811,5408,576
2023-09-25$289.61$300.0019.4%5.5%18.2%24.4%19.3%3.6%4.0%1.3M-12.2M-693.6K0.7387.0714710811,5658,594
2023-09-26$287.14$300.0021.5%6.2%18.5%32.5%21.7%3.5%3.5%794.1K-4.6M-697.4K0.6587.231368811,6088,633
2023-09-27$284.75$300.0023.2%6.7%17.8%39.4%22.1%4.0%2.8%299.2K4.1M-677.3K0.5180.171417211,6728,665
2023-09-28$287.01$300.0020.7%5.9%17.9%29.5%20.8%3.7%3.5%704.5K-2.7M-679.7K0.9087.0984075511,7218,675
2023-09-29$283.45$290.0021.5%6.2%18.3%32.8%21.7%3.2%3.3%227.3K9.3M-693.5K2.7987.7517649112,3419,306