APD Options History — January 2024

In January 2024, APD traded between $256.20 and $273.22. ATM implied volatility averaged 25.3%, placing in the 47.2% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 12.7% (HV 20d: 12.5%). Max pain ranged from $270.00 to $270.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 1.08.

Notable Days

  • 2024-01-17: Highest Volume — 2,870 contracts
  • 2024-01-10: Largest IV spike — 44.7% change
  • 2024-01-31: Highest IV Rank — 80.2%
  • 2024-01-31: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$264.09$256.20$273.22$273.22$256.20
Max Pain$270.00$270.00$270.00$270.00$270.00
ATM IV25.3%16.6%33.7%17.7%33.7%
Expected Move7.6%5.1%9.7%5.1%9.7%
HV 20d12.5%9.9%15.9%15.9%15.4%
HV 60d31.9%31.5%32.2%32.2%31.5%
IV Rank47.2%13.5%80.2%17.8%80.2%
IV Percentile68.4%10.7%98.8%22.6%98.8%
Term Structure-2.7%-7.7%6.9%6.9%-7.7%
VWIV27.1%17.4%34.2%17.4%34.2%
Skew 25d2.3%1.2%3.0%1.2%2.5%
Skew 10d4.5%3.1%5.9%3.2%4.7%
Call IV 25d25.8%17.0%33.6%17.0%33.6%
Put IV 25d28.1%18.2%36.0%18.2%36.0%
Bid-Ask Spread %77.5170.4283.9881.1782.19
Gamma HHI0.240.150.380.150.32
Net GEX-7.7M-20.4M-2.5M-2.5M-9.4M
Net DEX64.2M12.4M110.7M12.4M100.0M
Net VEX-852.0K-893.2K-809.7K-885.9K-809.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.080.223.341.130.43
Total Volume895.2382832,870505805
Total OI33,812.28628,29838,74834,58230,145

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-01-02$273.22$270.0017.7%5.1%15.9%17.8%17.4%1.2%6.9%-2.5M12.4M-885.9K1.1381.1723726815,61418,968
2024-01-03$270.52$270.0017.9%5.1%15.4%18.6%17.9%1.6%6.9%-4.3M33.2M-881.3K1.9183.9834966715,62019,009
2024-01-04$271.38$270.0017.7%7.1%9.9%18.1%25.5%2.9%-1.8%-3.7M26.8M-893.2K0.9273.9324122215,81219,483
2024-01-05$269.71$270.0016.6%7.0%10.1%13.5%23.9%2.9%-1.6%-5.3M41.6M-876.3K0.4772.4430414315,97419,584
2024-01-08$272.07$270.0017.7%7.1%10.4%18.1%25.4%2.6%-1.7%-3.6M22.5M-866.6K0.3670.6433712316,16319,662
2024-01-09$267.88$270.0016.8%7.0%11.7%14.6%24.9%2.7%-1.5%-6.3M50.8M-861.0K0.2773.3161816716,39619,702
2024-01-10$266.59$270.0024.4%7.0%11.9%43.8%26.0%2.6%-1.6%-7.1M58.9M-882.0K0.5471.0980243616,81019,736
2024-01-11$265.02$270.0024.5%7.0%11.7%44.3%24.7%2.7%-1.8%-8.3M72.9M-876.6K0.7375.8376856017,28119,775
2024-01-12$264.34$270.0025.7%7.4%10.8%49.0%26.0%3.0%-2.2%-8.6M80.4M-873.6K0.9870.4224423917,83919,909
2024-01-16$260.82$270.0027.0%7.7%11.2%53.8%26.8%2.6%-2.9%-10.8M103.1M-830.8K0.3575.0968824017,87619,952
2024-01-17$259.47$270.0027.0%7.8%11.2%54.2%27.3%2.8%-2.7%-11.5M110.7M-829.1K2.3475.928602,01017,98719,904
2024-01-18$259.94$270.0027.3%7.8%11.2%55.3%29.6%2.7%-3.3%-10.8M97.8M-845.4K2.0581.515651,16118,33719,729
2024-01-19$260.36$270.0027.0%7.7%11.2%53.8%26.9%2.3%-3.4%-20.4M86.2M-845.0K0.2282.7380617418,72720,021
2024-01-22$261.47$270.0027.6%7.9%11.1%56.4%27.8%2.0%-3.9%-7.1M65.0M-827.7K0.4075.8440015913,05715,241
2024-01-23$263.98$270.0027.7%7.9%11.4%56.5%27.1%2.3%-4.2%-5.9M48.4M-822.4K1.3180.0028036713,24115,320
2024-01-24$257.85$270.0027.9%8.0%13.7%57.4%28.7%2.0%-4.3%-8.7M86.5M-817.9K0.9778.9121620913,38215,484
2024-01-25$262.64$270.0030.5%8.7%14.8%67.6%30.7%2.3%-5.7%-6.3M54.4M-847.9K1.5479.187471,15013,48515,519
2024-01-26$261.38$270.0030.7%8.8%14.8%68.3%31.2%1.2%-5.4%-6.8M61.5M-855.8K1.1680.8220724013,75815,754
2024-01-29$260.93$270.0032.6%9.3%14.8%75.8%33.6%1.3%-7.2%-7.3M64.9M-831.4K3.3481.4911739113,86515,873
2024-01-30$260.07$270.0032.4%9.3%14.8%74.9%32.7%1.8%-6.9%-7.9M69.6M-832.9K1.2881.3112415913,93916,125
2024-01-31$256.20$270.0033.7%9.7%15.4%80.2%34.2%2.5%-7.7%-9.4M100.0M-809.7K0.4382.1956324213,99216,153