APD Options History — May 2024

In May 2024, APD traded between $238.45 and $265.67. ATM implied volatility averaged 18.3%, placing in the 18.8% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 3.4% (HV 20d: 14.9%). Max pain ranged from $230.00 to $240.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.95.

Notable Days

2024-05-17: Highest Volume — 2,549 contracts
2024-05-13: Largest IV spike — 23.2% change
2024-05-02: Highest IV Rank — 33.9%
2024-05-02: Largest Expected Move — 6.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$255.14	$238.45	$265.67	$238.45	$264.89
Max Pain	$239.09	$230.00	$240.00	$240.00	$240.00
ATM IV	18.3%	16.1%	22.4%	21.4%	18.3%
Expected Move	5.3%	4.7%	6.4%	6.1%	5.3%
HV 20d	14.9%	12.4%	16.8%	15.7%	16.2%
HV 60d	18.0%	16.5%	20.1%	19.8%	17.3%
IV Rank	18.8%	11.0%	33.9%	30.3%	19.1%
IV Percentile	31.4%	5.2%	67.5%	61.5%	34.1%
Term Structure	1.5%	-1.2%	4.1%	0.2%	0.1%
VWIV	18.5%	16.9%	22.8%	22.2%	18.1%
Skew 25d	1.3%	0.1%	1.9%	0.1%	1.1%
Skew 10d	2.8%	0.6%	4.9%	0.6%	2.6%
Call IV 25d	17.7%	16.4%	22.3%	22.3%	17.8%
Put IV 25d	19.0%	17.5%	22.5%	22.5%	18.8%
Bid-Ask Spread %	82.70	78.16	102.98	84.74	80.31
Gamma HHI	0.28	0.16	0.48	0.16	0.22
Net GEX	13.4M	4.7M	21.7M	4.7M	11.2M
Net DEX	-187.5M	-321.5M	-44.0M	-44.0M	-222.4M
Net VEX	-1.1M	-1.3M	-967.9K	-1.3M	-994.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.95	0.10	2.60	0.93	1.82
Total Volume	924.227	194	2,549	1,322	1,119
Total OI	42,475.091	35,725	46,884	46,416	37,416

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2024-05-01	$238.45	$240.00	21.4%	6.1%	15.7%	30.3%	22.2%	0.1%	0.2%	4.7M	-44.0M	-1.3M	0.93	84.74	684	638	22,855	23,561
2024-05-02	$243.23	$240.00	22.4%	6.4%	16.6%	33.9%	22.8%	0.0%	0.0%	8.4M	-97.4M	-1.2M	0.61	102.98	643	393	23,033	23,627
2024-05-03	$246.17	$240.00	18.3%	5.2%	16.8%	18.9%	18.4%	0.8%	1.3%	11.7M	-136.7M	-1.2M	0.40	86.67	630	254	23,169	23,549
2024-05-06	$246.87	$240.00	19.1%	5.6%	16.6%	21.7%	20.6%	1.8%	3.2%	12.4M	-145.4M	-1.1M	0.81	81.36	293	237	23,096	22,971
2024-05-07	$248.28	$240.00	18.1%	5.4%	16.6%	18.0%	19.7%	1.8%	3.4%	13.5M	-155.6M	-1.2M	1.92	78.27	261	500	23,002	22,877
2024-05-08	$246.74	$240.00	18.0%	5.4%	15.7%	17.7%	19.0%	1.9%	3.5%	12.3M	-134.9M	-1.2M	0.19	82.15	1,632	304	23,004	22,966
2024-05-09	$250.53	$230.00	16.8%	5.2%	16.4%	13.6%	17.5%	1.1%	3.9%	18.1M	-178.8M	-1.1M	0.97	79.12	419	408	23,113	22,915
2024-05-10	$250.99	$230.00	16.1%	5.1%	13.4%	11.0%	17.9%	1.1%	3.9%	17.9M	-188.9M	-1.1M	1.61	80.05	217	349	23,146	23,039
2024-05-13	$250.81	$240.00	19.9%	5.2%	13.0%	24.6%	18.0%	1.2%	3.8%	17.9M	-185.3M	-1.0M	0.69	78.64	354	245	23,170	23,054
2024-05-14	$249.41	$240.00	20.3%	5.3%	12.4%	26.1%	18.1%	1.5%	3.5%	17.6M	-166.9M	-1.0M	0.53	79.25	466	248	23,239	23,108
2024-05-15	$251.02	$240.00	17.8%	5.1%	12.4%	17.2%	17.8%	1.4%	4.1%	20.2M	-184.9M	-1.1M	0.84	78.87	258	216	23,257	23,150
2024-05-16	$257.24	$240.00	17.1%	4.9%	13.5%	14.4%	17.6%	1.3%	-1.2%	19.4M	-260.7M	-998.7K	0.21	80.00	1,784	367	23,347	23,193
2024-05-17	$261.84	$240.00	17.2%	4.9%	13.3%	14.9%	17.3%	1.1%	0.3%	21.7M	-321.5M	-987.8K	0.10	82.28	2,325	224	23,580	23,304
2024-05-20	$265.67	$240.00	16.9%	4.8%	13.5%	13.7%	17.5%	1.2%	0.4%	11.5M	-236.4M	-967.9K	1.23	78.16	531	653	18,833	16,892
2024-05-21	$264.45	$240.00	17.2%	4.9%	13.8%	15.1%	17.0%	1.3%	0.3%	11.6M	-228.1M	-979.2K	0.68	80.63	696	476	19,049	17,286
2024-05-22	$263.65	$240.00	17.6%	5.0%	14.1%	16.4%	17.8%	1.1%	0.6%	11.2M	-217.4M	-1.0M	0.99	82.91	167	165	19,190	17,542
2024-05-23	$261.85	$240.00	18.0%	5.2%	14.7%	17.8%	18.1%	1.3%	0.2%	10.9M	-198.3M	-1.1M	2.25	84.16	190	428	19,218	17,595
2024-05-24	$265.12	$240.00	16.4%	4.7%	14.9%	12.0%	16.9%	1.0%	0.7%	10.9M	-227.4M	-1.0M	0.15	83.49	527	79	19,225	17,944
2024-05-28	$264.36	$240.00	18.1%	5.2%	15.2%	18.1%	17.5%	1.3%	-0.0%	10.7M	-220.0M	-1.0M	0.55	79.74	125	69	19,242	17,965
2024-05-29	$260.43	$240.00	18.6%	5.3%	16.7%	20.1%	18.6%	1.9%	-0.6%	10.9M	-186.2M	-997.2K	2.60	87.41	118	307	19,342	17,960
2024-05-30	$261.09	$240.00	18.6%	5.3%	16.7%	20.1%	18.6%	1.7%	0.0%	10.6M	-187.8M	-1.0M	0.82	88.21	184	150	19,339	18,089
2024-05-31	$264.89	$240.00	18.3%	5.3%	16.2%	19.1%	18.1%	1.1%	0.1%	11.2M	-222.4M	-994.8K	1.82	80.31	397	722	19,333	18,083