APD Options History — January 2025

In January 2025, APD traded between $282.81 and $334.63. ATM implied volatility averaged 29.6%, placing in the 38.4% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 10.7% (HV 20d: 18.9%). Max pain ranged from $290.00 to $310.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.90.

Notable Days

  • 2025-01-15: Highest Volume — 4,719 contracts
  • 2025-01-06: Largest IV spike — 37.0% change
  • 2025-01-06: Highest IV Rank — 64.0%
  • 2025-01-14: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$309.62$282.81$334.63$284.64$334.63
Max Pain$295.00$290.00$310.00$300.00$310.00
ATM IV29.6%23.0%38.7%23.0%30.7%
Expected Move8.2%6.6%8.9%6.6%8.8%
HV 20d18.9%12.5%22.6%12.6%20.2%
HV 60d17.5%15.5%18.7%16.9%18.7%
IV Rank38.4%19.8%64.0%19.8%41.6%
IV Percentile77.9%67.5%94.8%67.5%79.4%
Term Structure-2.4%-4.7%6.1%6.1%-4.7%
VWIV29.0%23.4%30.9%23.4%30.6%
Skew 25d1.1%-0.7%2.8%2.8%1.8%
Skew 10d2.7%-5.1%7.6%7.6%4.5%
Call IV 25d28.3%22.0%30.7%22.0%29.8%
Put IV 25d29.5%24.8%32.1%24.8%31.6%
Bid-Ask Spread %70.8259.0689.7187.6872.77
Gamma HHI0.310.090.550.100.30
Net GEX12.3M1.2M22.0M1.2M15.8M
Net DEX-159.4M-313.5M51.6M51.6M-301.0M
Net VEX-852.2K-1.1M-568.6K-568.6K-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.056.016.010.90
Total Volume1,868.752274,7192,319377
Total OI30,939.419,78240,50930,12427,033

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-01-02$284.64$300.0023.0%6.6%12.6%19.8%23.4%2.8%6.1%1.2M51.6M-568.6K6.0187.683311,98816,92513,199
2025-01-03$283.00$290.0028.2%8.1%12.5%34.5%29.6%-0.7%-0.1%1.3M38.5M-576.7K0.1089.713,38035417,03912,813
2025-01-06$282.81$290.0038.7%8.8%12.6%64.0%30.3%1.9%-3.5%4.8M15.9M-640.5K0.2959.063,4421,00119,78812,976
2025-01-07$285.61$290.0036.0%8.5%13.9%56.6%30.4%0.1%-1.6%9.1M-13.6M-701.8K0.6059.8775945722,72913,500
2025-01-08$285.62$290.0031.8%8.4%13.9%44.6%29.8%0.9%-2.6%9.0M1.3M-665.6K1.0062.1932232223,08613,800
2025-01-10$292.92$290.0035.1%8.8%17.5%54.0%30.3%0.6%-2.9%14.4M-54.8M-710.9K0.3664.5944215723,27314,047
2025-01-13$300.02$290.0031.2%8.5%20.0%42.9%29.8%1.0%-2.6%22.0M-131.6M-712.2K0.1365.132,97138523,55314,088
2025-01-14$307.40$290.0027.6%8.9%22.0%32.8%30.9%1.6%-3.5%16.4M-188.6M-683.6K0.1565.592,11432521,98014,296
2025-01-15$306.26$290.0027.2%7.8%22.1%31.7%27.9%2.4%-1.9%16.7M-183.6M-661.4K0.0568.844,51020922,24914,454
2025-01-16$311.85$290.0027.8%8.0%22.4%33.4%27.5%1.9%-2.2%17.0M-275.9M-833.7K0.1273.4991310625,79114,499
2025-01-17$316.58$290.0026.1%7.5%22.6%28.4%26.6%0.6%-1.6%7.2M-313.5M-825.3K0.0874.202,33917925,99414,515
2025-01-21$319.53$290.0026.7%7.6%20.0%30.1%26.7%1.6%-2.5%10.6M-164.8M-861.9K0.0970.893,27728713,3846,398
2025-01-22$316.77$290.0028.1%8.1%20.4%34.3%27.9%1.1%-3.1%11.8M-164.8M-973.4K0.2276.231,43931116,2316,544
2025-01-23$323.41$300.0028.0%8.0%21.2%33.8%30.4%1.5%-3.1%14.3M-220.4M-1.1M3.3770.363631,22317,4876,620
2025-01-24$329.03$300.0026.9%7.7%20.9%30.7%27.3%1.0%-2.7%15.0M-259.9M-1.1M0.3168.0668821317,6137,660
2025-01-27$326.13$300.0028.8%8.3%21.4%36.2%29.1%0.5%-3.6%15.0M-240.7M-1.1M0.6567.1424115618,0457,893
2025-01-28$326.25$300.0029.0%8.3%21.3%36.8%29.7%0.3%-3.8%14.5M-242.4M-1.1M0.5473.3552028118,0608,027
2025-01-29$326.77$300.0030.1%8.6%20.7%39.8%30.7%0.7%-4.6%15.0M-242.7M-1.1M2.1174.697315418,2998,259
2025-01-30$333.19$310.0030.7%8.8%20.3%41.6%30.9%1.1%-3.8%15.4M-296.1M-1.1M0.9672.5839037618,3158,326
2025-01-31$334.63$310.0030.7%8.8%20.2%41.6%30.6%1.8%-4.7%15.8M-301.0M-1.1M0.9072.7719817918,4828,551