APD Options History — February 2024

In February 2024, APD traded between $215.20 and $259.46. ATM implied volatility averaged 21.4%, placing in the 32.1% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded below realized volatility by 37.7% (HV 20d: 59.1%). Max pain ranged from $220.00 to $270.00. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 2.51.

Notable Days

  • 2024-02-07: Highest Volume — 43,644 contracts
  • 2024-02-05: Largest IV drop — 32.7% change
  • 2024-02-02: Highest IV Rank — 95.8%
  • 2024-02-02: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$228.36$215.20$259.46$259.46$234.20
Max Pain$228.50$220.00$270.00$270.00$220.00
ATM IV21.4%18.4%37.8%34.4%18.6%
Expected Move5.8%5.3%7.9%7.4%5.3%
HV 20d59.1%16.1%65.6%16.2%65.6%
HV 60d38.2%31.2%39.7%31.3%39.4%
IV Rank32.1%20.5%95.8%82.8%21.3%
IV Percentile44.3%27.4%99.6%98.8%29.8%
Term Structure1.6%-3.3%5.2%-2.1%1.3%
VWIV20.8%18.3%27.9%26.3%19.1%
Skew 25d1.6%0.8%2.6%2.1%1.1%
Skew 10d3.2%1.6%4.3%4.0%2.4%
Call IV 25d20.1%18.0%27.0%25.5%18.1%
Put IV 25d21.7%19.1%29.5%27.7%19.2%
Bid-Ask Spread %68.9448.4082.8080.2266.97
Gamma HHI0.210.140.290.290.20
Net GEX1.1M-8.1M6.0M-8.1M6.0M
Net DEX54.0M-53.1M306.6M72.6M-53.1M
Net VEX-781.6K-944.5K-350.1K-827.2K-935.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.510.1817.830.230.18
Total Volume8,087.4575743,6447572,148
Total OI35,057.7530,49041,17630,49035,337

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-02-01$259.46$270.0034.4%7.4%16.2%82.8%26.3%2.1%-2.1%-8.1M72.6M-827.2K0.2380.2261414314,29516,195
2024-02-02$258.75$270.0037.8%7.9%16.1%95.8%27.9%2.6%-3.3%-8.1M77.5M-843.8K3.6682.802,1717,94014,47616,250
2024-02-05$218.64$270.0025.4%6.3%61.1%47.9%22.3%2.1%2.5%-2.4M306.6M-350.1K0.9974.315,8955,82715,78916,593
2024-02-06$218.90$230.0020.8%5.7%60.9%30.0%21.2%1.5%3.8%-1.9M156.3M-454.8K2.7073.924,15311,19418,49812,541
2024-02-07$215.20$230.0019.1%5.5%60.9%23.5%20.3%1.9%3.6%-2.5M166.5M-607.4K7.7372.824,99938,64520,88215,344
2024-02-08$219.06$220.0019.8%5.7%61.7%26.2%20.4%1.7%4.1%58.3K104.7M-712.9K1.7171.912,9635,05423,18214,409
2024-02-09$218.59$220.0019.8%5.7%61.8%26.0%20.7%1.7%4.2%-338.0K106.0M-742.8K2.7763.661,3433,71823,35515,034
2024-02-12$222.84$220.0020.3%5.8%62.6%27.8%20.2%1.6%4.0%1.5M70.0M-763.5K1.1567.372,2772,62623,62014,710
2024-02-13$217.58$220.0020.3%5.8%62.8%28.2%20.9%2.0%4.3%-751.2K103.8M-745.0K4.7059.969404,42223,63414,812
2024-02-14$216.83$220.0019.3%5.5%62.8%24.2%19.3%2.2%5.2%-535.8K102.6M-738.0K17.8378.561,76931,54223,90914,714
2024-02-15$226.75$220.0018.9%5.4%65.6%22.8%19.8%1.3%0.5%3.4M33.4M-830.7K1.7249.643,2035,51024,91815,092
2024-02-16$226.55$220.0018.8%5.4%65.6%22.3%19.1%1.7%0.8%2.6M45.7M-858.0K0.3259.871,08234625,51415,662
2024-02-20$227.65$220.0019.4%5.6%65.6%24.7%19.9%1.6%0.1%3.6M-11.6M-845.5K0.7759.8184565120,09411,353
2024-02-21$227.87$220.0019.4%5.5%65.4%24.3%20.1%1.7%0.4%3.9M-13.5M-862.9K1.0972.0477184320,45111,635
2024-02-22$231.19$220.0018.9%5.4%65.5%22.6%19.6%1.2%0.6%5.1M-36.8M-875.6K0.8274.5270357520,60211,861
2024-02-23$232.72$220.0018.4%5.3%65.1%20.5%18.3%1.2%1.0%5.5M-46.5M-872.0K0.4377.011,72274820,69011,985
2024-02-26$229.69$220.0019.1%5.5%65.1%23.5%21.0%0.8%0.3%4.2M-21.5M-888.0K0.1974.231,68231421,24712,336
2024-02-27$232.63$220.0019.3%5.5%65.4%24.1%19.4%1.3%0.8%5.8M-43.0M-934.4K0.7370.7873253322,24012,540
2024-02-28$232.13$220.0019.4%5.5%65.5%24.3%19.3%1.6%0.7%5.4M-39.1M-944.5K0.5648.4070939722,46512,891
2024-02-29$234.20$220.0018.6%5.3%65.6%21.3%19.1%1.1%1.3%6.0M-53.1M-935.3K0.1866.971,82132722,31513,022