APD Options History — December 2023

In December 2023, APD traded between $261.38 and $275.56. ATM implied volatility averaged 17.9%, placing in the 18.5% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded below realized volatility by 6.6% (HV 20d: 24.4%). Max pain ranged from $270.00 to $270.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 1.77.

Notable Days

  • 2023-12-18: Highest Volume — 6,930 contracts
  • 2023-12-11: Largest IV spike — 15.7% change
  • 2023-12-11: Highest IV Rank — 31.7%
  • 2023-12-05: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$269.67$261.38$275.56$274.83$274.00
Max Pain$270.00$270.00$270.00$270.00$270.00
ATM IV17.9%16.6%21.2%17.2%16.6%
Expected Move5.0%4.7%5.4%4.9%4.8%
HV 20d24.4%16.8%51.1%50.8%16.8%
HV 60d33.0%32.4%33.4%33.1%32.4%
IV Rank18.5%13.5%31.7%16.0%13.5%
IV Percentile18.9%10.7%38.5%14.7%10.7%
Term Structure5.1%-0.8%7.2%-0.8%6.8%
VWIV17.4%16.4%19.9%17.1%16.4%
Skew 25d1.7%1.1%2.9%1.1%1.2%
Skew 10d3.3%1.6%8.1%2.6%2.6%
Call IV 25d16.6%15.6%18.4%16.1%15.6%
Put IV 25d18.4%16.8%20.2%17.2%16.8%
Bid-Ask Spread %82.3777.5587.9481.1387.40
Gamma HHI0.360.120.700.390.15
Net GEX-9.9M-26.3M-765.8K-5.9M-1.8M
Net DEX34.1M-16.2M120.6M-5.0M7.4M
Net VEX-745.2K-904.6K-594.2K-685.5K-904.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.770.0511.131.451.72
Total Volume1,410.22486,930900313
Total OI32,602.0521,72334,76933,06234,497

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-12-01$274.83$270.0017.2%4.9%50.8%16.0%17.1%1.1%-0.8%-5.9M-5.0M-685.5K1.4581.1336753314,92718,135
2023-12-04$270.87$270.0018.9%5.0%50.2%22.6%17.0%2.9%4.1%-10.7M23.4M-703.6K0.8787.9422719715,01718,546
2023-12-05$262.41$270.0018.8%5.4%51.1%22.1%18.9%2.0%3.9%-24.6M105.7M-733.1K2.0083.7845190415,13518,640
2023-12-06$261.58$270.0018.9%5.3%22.5%22.8%19.9%1.9%4.1%-25.7M113.7M-720.7K11.1383.292322,58215,33218,518
2023-12-07$261.38$270.0019.3%5.2%21.7%24.2%18.1%2.0%4.4%-26.3M120.6M-723.9K0.5184.2122011215,43318,526
2023-12-08$263.82$270.0018.4%5.1%21.4%20.5%17.5%2.3%4.5%-24.5M86.0M-695.6K2.2679.617617215,50718,612
2023-12-11$264.50$270.0021.2%5.2%21.3%31.7%16.7%2.4%4.3%-24.2M75.7M-666.2K0.5982.6532219015,51618,604
2023-12-12$266.49$270.0018.5%4.7%21.5%21.0%16.8%2.1%4.9%-17.7M44.7M-634.7K0.8683.9020617815,53718,650
2023-12-13$269.83$270.0017.1%4.9%21.2%15.7%18.3%2.0%4.8%-7.3M7.2M-621.0K1.3481.5744860215,51518,648
2023-12-14$271.63$270.0017.6%5.0%20.3%17.5%17.6%1.4%7.2%-2.8M-8.6M-624.3K0.4377.5539817315,53018,934
2023-12-15$270.63$270.0017.2%4.9%20.3%16.2%17.2%1.5%6.1%-1.6M-16.2M-609.3K0.5781.4655631815,72018,994
2023-12-18$271.33$270.0016.7%4.8%19.7%14.1%16.5%1.5%5.6%-765.8K43.3K-594.2K4.7081.411,2155,71511,64810,075
2023-12-19$272.00$270.0016.7%4.8%19.2%14.1%16.7%1.6%5.3%-3.1M16.2M-756.9K0.6884.591,12476912,63114,752
2023-12-20$269.60$270.0017.6%5.0%18.6%17.5%17.3%1.5%5.1%-5.0M37.0M-841.6K1.5781.368611,35613,47916,376
2023-12-21$271.35$270.0018.0%5.1%18.7%18.9%17.8%1.2%4.9%-4.6M30.7M-868.6K1.8281.8824244014,09417,161
2023-12-22$272.44$270.0017.3%5.0%18.8%16.5%17.6%1.6%6.0%-4.3M25.1M-870.5K2.3179.576691,54714,24217,273
2023-12-26$275.56$270.0017.0%4.9%18.5%15.0%17.4%1.5%6.6%-2.5M4.8M-867.5K0.3479.3364621814,65618,633
2023-12-27$274.55$270.0017.2%4.9%18.2%16.2%17.2%1.2%6.8%-3.0M9.6M-878.1K0.2282.271,04723415,08718,692
2023-12-28$274.69$270.0016.8%4.8%17.7%14.4%16.4%1.5%7.2%-2.2M4.6M-903.3K0.0582.452,23810615,92918,840
2023-12-29$274.00$270.0016.6%4.8%16.8%13.5%16.4%1.2%6.8%-1.8M7.4M-904.6K1.7287.4011519815,59318,904