APD Options History — October 2023

In October 2023, APD traded between $274.68 and $290.09. ATM implied volatility averaged 26.9%, placing in the 53.8% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 7.1% (HV 20d: 19.8%). Max pain ranged from $280.00 to $290.00. Net GEX was positive for 5 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 2.04.

Notable Days

  • 2023-10-24: Highest Volume — 6,899 contracts
  • 2023-10-11: Largest IV spike — 19.9% change
  • 2023-10-31: Highest IV Rank — 75.2%
  • 2023-10-31: Largest Expected Move — 9.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$281.88$274.68$290.09$277.60$282.47
Max Pain$286.82$280.00$290.00$290.00$280.00
ATM IV26.9%20.5%32.5%22.1%32.5%
Expected Move7.9%6.2%9.3%6.3%9.3%
HV 20d19.8%18.5%20.9%18.9%19.4%
HV 60d19.4%17.2%20.4%19.2%17.5%
IV Rank53.8%29.0%75.2%34.9%75.2%
IV Percentile72.9%24.2%96.8%35.7%96.8%
Term Structure-2.2%-6.1%3.7%3.0%-6.1%
VWIV27.4%22.2%32.2%22.2%31.1%
Skew 25d4.6%3.2%5.2%3.5%3.9%
Skew 10d8.5%5.3%9.9%5.3%8.4%
Call IV 25d25.7%21.2%30.5%21.2%30.5%
Put IV 25d30.3%24.8%34.8%24.8%34.4%
Bid-Ask Spread %77.1165.8191.1791.1779.89
Gamma HHI0.160.090.340.100.24
Net GEX-1.2M-4.2M1.6M-1.4M-1.9M
Net DEX17.2M-21.0M52.5M33.4M13.3M
Net VEX-718.3K-840.9K-634.7K-661.2K-822.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.040.0527.512.040.23
Total Volume867.6361836,8991,007755
Total OI24,05021,24228,54821,77328,548

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-10-02$277.60$290.0022.1%6.3%18.9%34.9%22.2%3.5%3.0%-1.4M33.4M-661.2K2.0491.1733167612,3469,427
2023-10-03$281.75$290.0025.0%7.2%19.4%46.3%25.0%4.4%2.4%-60.5K12.7M-697.4K0.5786.7022112512,4779,577
2023-10-04$285.06$290.0021.7%6.2%20.0%33.5%22.9%3.2%3.7%491.7K-836.8K-707.3K0.3889.4940815712,4849,627
2023-10-05$280.31$290.0023.8%7.7%20.8%41.5%24.7%5.2%-1.4%-580.1K19.8M-689.5K1.8372.3626248012,7769,633
2023-10-06$281.25$290.0021.8%7.4%19.1%33.9%24.9%4.8%-1.2%-755.7K20.5M-706.8K0.5968.181156812,8169,930
2023-10-09$283.63$290.0023.5%7.6%18.5%40.4%26.1%4.3%-1.7%-308.6K11.3M-702.7K0.8072.401068512,8399,959
2023-10-10$288.34$290.0020.5%7.2%19.8%29.0%26.2%4.7%-1.4%1.0M-12.0M-725.2K1.6274.718513812,8769,985
2023-10-11$290.09$290.0024.6%7.1%19.9%44.8%24.1%4.5%-1.8%1.6M-21.0M-715.1K0.3465.812327812,90210,073
2023-10-12$286.15$290.0025.1%7.2%19.9%46.7%24.8%4.9%-1.9%-330.3K3.2M-690.3K1.2476.3537546512,96110,116
2023-10-13$285.09$290.0026.9%7.7%19.4%53.5%25.5%4.6%-2.1%-326.5K8.2M-708.1K0.1476.546729113,12410,168
2023-10-16$287.28$290.0026.1%7.5%19.7%50.6%25.0%5.0%-2.5%65.0K-2.0M-702.5K0.1172.724254613,54110,297
2023-10-17$289.76$290.0027.1%7.8%20.1%54.5%28.2%4.5%-2.8%1.1M-21.0M-694.7K0.9072.9031828713,84810,318
2023-10-18$283.10$290.0029.3%8.4%20.9%63.1%30.8%4.5%-3.6%-1.8M24.5M-676.0K1.3877.5317123613,94210,524
2023-10-19$280.12$290.0029.1%8.3%19.7%62.3%31.0%4.8%-2.7%-2.9M41.7M-673.8K2.2675.5817539513,96710,651
2023-10-20$278.24$290.0029.0%8.3%19.7%62.0%29.9%4.9%-2.9%-4.1M50.0M-666.9K0.8975.4236932714,06510,713
2023-10-23$274.73$280.0030.6%8.8%19.5%68.1%28.8%4.9%-3.7%-1.2M24.3M-634.7K0.1974.3371013712,0669,176
2023-10-24$278.16$280.0028.3%8.1%20.1%59.1%29.6%5.1%-3.6%-404.9K10.5M-643.9K27.5178.372426,65712,4549,251
2023-10-25$274.68$280.0031.6%9.0%20.3%71.7%30.4%5.1%-4.6%-4.2M52.5M-790.8K0.4878.6833015712,56413,613
2023-10-26$277.51$280.0030.8%8.8%20.5%68.9%28.9%4.7%-4.1%-4.0M42.2M-835.7K0.0576.981,2536012,74914,332
2023-10-27$275.59$280.0031.2%8.9%20.2%70.3%29.8%5.0%-4.4%-4.1M45.3M-840.9K0.2879.882737713,72014,373
2023-10-30$280.44$280.0032.0%9.2%19.9%73.3%32.2%4.7%-5.3%-2.5M22.3M-816.1K0.9580.5226525313,90414,388
2023-10-31$282.47$280.0032.5%9.3%19.4%75.2%31.1%3.9%-6.1%-1.9M13.3M-822.2K0.2379.8961514014,03614,512