APD Options History — December 2024

In December 2024, APD traded between $288.82 and $335.22. ATM implied volatility averaged 20.7%, placing in the 13.3% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 6.0% (HV 20d: 14.7%). Max pain ranged from $280.00 to $290.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.67.

Notable Days

2024-12-31: Highest Volume — 4,732 contracts
2024-12-05: Largest IV spike — 23.6% change
2024-12-10: Highest IV Rank — 21.9%
2024-12-26: Largest Expected Move — 6.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$307.35	$288.82	$335.22	$335.22	$289.36
Max Pain	$281.43	$280.00	$290.00	$290.00	$280.00
ATM IV	20.7%	17.2%	23.8%	17.2%	20.6%
Expected Move	5.8%	4.9%	6.3%	4.9%	5.9%
HV 20d	14.7%	11.5%	17.3%	14.4%	12.4%
HV 60d	25.5%	25.2%	26.0%	25.2%	25.4%
IV Rank	13.3%	3.4%	21.9%	3.4%	13.1%
IV Percentile	52.5%	9.1%	69.4%	9.1%	52.8%
Term Structure	4.7%	-1.6%	7.2%	0.5%	6.9%
VWIV	20.5%	18.1%	23.0%	18.1%	21.0%
Skew 25d	1.6%	0.7%	3.7%	1.6%	1.5%
Skew 10d	2.9%	-4.1%	11.9%	4.3%	1.9%
Call IV 25d	20.0%	16.9%	21.9%	17.6%	20.4%
Put IV 25d	21.6%	19.2%	23.5%	19.2%	21.9%
Bid-Ask Spread %	86.00	80.20	90.98	90.98	86.09
Gamma HHI	0.26	0.09	0.59	0.59	0.11
Net GEX	15.5M	723.3K	41.0M	41.0M	2.3M
Net DEX	-216.9M	-652.2M	-12.1M	-652.2M	-17.7M
Net VEX	-869.3K	-1.2M	-584.5K	-1.2M	-591.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.67	0.07	2.08	0.56	0.07
Total Volume	922.429	119	4,732	315	4,732
Total OI	45,772.381	31,100	52,117	51,454	31,987

Daily Data (21 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
2024-12-02	$335.22	$290.00	17.2%	4.9%	14.4%	3.4%	18.1%	1.6%	0.5%	41.0M	-652.2M	-1.2M	0.56	90.98	202	113	32,289	19,165
2024-12-03	$330.38	$290.00	19.0%	5.5%	14.9%	8.6%	18.7%	3.7%	-1.6%	37.3M	-578.8M	-1.2M	0.78	87.55	232	180	32,323	19,169
2024-12-04	$326.74	$290.00	17.7%	5.1%	15.8%	4.9%	18.3%	2.2%	0.5%	33.8M	-505.3M	-1.2M	1.51	87.86	98	148	32,390	19,258
2024-12-05	$322.96	$280.00	21.9%	5.7%	16.6%	16.7%	20.6%	1.6%	4.5%	29.8M	-447.5M	-1.2M	0.67	87.90	352	236	32,391	19,273
2024-12-06	$320.70	$280.00	21.6%	5.8%	16.1%	15.9%	21.1%	1.1%	5.6%	29.0M	-414.1M	-1.2M	0.26	88.00	191	49	32,468	19,329
2024-12-09	$317.55	$280.00	22.5%	5.9%	16.6%	18.4%	20.5%	2.5%	4.3%	26.7M	-359.6M	-1.1M	0.21	85.61	153	32	32,507	19,348
2024-12-10	$314.62	$280.00	23.8%	5.9%	17.0%	21.9%	20.4%	1.7%	4.4%	24.8M	-312.1M	-1.0M	2.08	86.96	154	321	32,536	19,356
2024-12-11	$312.46	$280.00	20.5%	5.9%	17.0%	12.9%	20.9%	0.7%	4.6%	23.7M	-289.8M	-993.5K	0.25	88.41	2,087	532	32,554	19,563
2024-12-12	$311.00	$280.00	20.0%	5.7%	17.0%	11.2%	20.1%	1.1%	6.2%	18.9M	-236.8M	-927.0K	1.02	84.95	360	369	31,743	19,957
2024-12-13	$311.52	$280.00	20.3%	5.8%	16.7%	12.1%	21.3%	1.1%	6.0%	18.9M	-243.3M	-906.4K	0.07	86.14	1,537	113	31,776	20,104
2024-12-16	$306.90	$280.00	20.7%	5.9%	17.3%	13.3%	21.0%	0.8%	5.4%	16.6M	-151.1M	-813.5K	1.52	84.45	430	652	30,882	20,175
2024-12-17	$304.02	$280.00	21.7%	6.2%	11.5%	16.2%	21.5%	0.9%	4.8%	10.3M	-98.1M	-785.9K	0.11	83.62	716	77	30,942	20,593
2024-12-18	$296.09	$280.00	20.9%	6.0%	14.0%	13.9%	21.8%	1.3%	5.4%	2.0M	-12.1M	-717.3K	0.44	82.56	293	129	31,095	20,566
2024-12-19	$295.06	$280.00	21.8%	6.3%	13.9%	16.4%	23.0%	1.6%	4.3%	723.3K	-29.1M	-697.1K	1.81	80.20	169	306	31,096	19,559
2024-12-20	$296.00	$280.00	20.6%	5.9%	13.7%	13.1%	19.8%	1.8%	6.0%	1.3M	-34.8M	-664.8K	0.14	85.71	833	120	31,116	19,364
2024-12-23	$292.69	$280.00	20.4%	5.9%	13.0%	12.5%	20.4%	1.7%	6.5%	1.4M	-35.9M	-640.3K	1.00	84.40	755	753	18,040	13,060
2024-12-24	$295.48	$280.00	19.7%	5.6%	13.2%	10.4%	19.9%	1.4%	6.0%	1.8M	-49.4M	-643.2K	0.28	88.27	93	26	18,112	13,109
2024-12-26	$294.75	$280.00	22.0%	6.3%	12.8%	16.9%	20.8%	2.5%	4.9%	1.7M	-42.7M	-646.3K	0.42	89.14	170	72	18,077	13,116
2024-12-27	$291.98	$280.00	20.9%	6.0%	12.8%	14.0%	20.6%	1.7%	6.5%	1.6M	-31.3M	-618.0K	0.76	83.22	293	223	18,140	13,178
2024-12-30	$288.82	$280.00	20.8%	6.0%	12.5%	13.6%	21.1%	1.1%	7.2%	1.7M	-13.8M	-584.5K	0.16	83.91	920	150	18,339	13,175
2024-12-31	$289.36	$280.00	20.6%	5.9%	12.4%	13.1%	21.0%	1.5%	6.9%	2.3M	-17.7M	-591.7K	0.07	86.09	4,441	291	18,777	13,210