APD Options History — March 2025

In March 2025, APD traded between $289.83 and $318.41. ATM implied volatility averaged 24.5%, placing in the 24.1% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded below realized volatility by 1.1% (HV 20d: 25.6%). Max pain ranged from $290.00 to $310.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.50.

Notable Days

  • 2025-03-20: Highest Volume — 6,001 contracts
  • 2025-03-10: Largest IV spike — 53.8% change
  • 2025-03-10: Highest IV Rank — 54.5%
  • 2025-03-10: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$298.49$289.83$318.41$310.15$295.46
Max Pain$302.00$290.00$310.00$310.00$290.00
ATM IV24.5%21.3%35.3%25.9%22.6%
Expected Move7.9%6.6%10.1%7.4%7.9%
HV 20d25.6%23.7%27.2%25.8%25.7%
HV 60d24.2%22.0%25.2%22.2%24.9%
IV Rank24.1%15.1%54.5%28.1%18.6%
IV Percentile63.8%49.2%89.7%70.2%58.7%
Term Structure2.8%-1.7%5.9%-1.7%4.6%
VWIV27.8%25.1%33.9%25.7%28.3%
Skew 25d2.6%1.1%3.8%3.5%1.3%
Skew 10d6.8%-0.3%13.6%6.6%13.6%
Call IV 25d23.3%20.3%28.8%24.4%22.6%
Put IV 25d25.8%21.5%31.5%27.9%23.9%
Bid-Ask Spread %77.7354.4294.4586.4763.17
Gamma HHI0.200.120.450.260.20
Net GEX3.7M-6.0M17.3M11.1M4.3M
Net DEX-15.6M-130.5M44.3M-82.3M-25.4M
Net VEX-745.9K-923.7K-616.1K-872.0K-889.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.500.2615.181.030.32
Total Volume1,035.8571326,001314559
Total OI28,478.38119,10832,52630,17425,845

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-03-03$310.15$310.0025.9%7.4%25.8%28.1%25.7%3.5%-1.7%11.1M-82.3M-872.0K1.0386.4715515922,3587,816
2025-03-04$307.63$310.0025.4%7.3%25.4%26.5%26.2%2.8%0.6%9.4M-62.9M-858.4K0.6486.7721613922,4177,913
2025-03-05$310.46$310.0024.5%7.0%25.9%24.1%25.1%2.8%1.4%10.9M-80.8M-882.7K0.4085.74943822,4918,016
2025-03-06$310.93$310.0026.5%7.6%25.8%29.6%26.5%2.4%1.3%10.6M-80.5M-856.6K0.2686.441353522,5058,004
2025-03-07$318.41$310.0023.0%6.6%27.2%19.7%25.2%3.7%2.9%17.3M-130.5M-923.7K1.0788.44717622,5308,017
2025-03-10$303.44$310.0035.3%10.1%24.4%54.5%33.9%2.7%-0.4%7.1M-39.9M-803.9K1.3789.0027537622,5408,020
2025-03-11$299.69$310.0027.3%9.7%24.7%31.9%33.2%3.8%1.4%3.8M-7.2M-747.8K0.8488.481189922,5398,289
2025-03-12$295.84$310.0026.1%8.8%24.9%28.7%30.6%3.4%1.6%1.7M17.4M-668.6K0.9589.7711510922,5568,313
2025-03-13$293.49$310.0028.4%8.9%24.9%35.1%32.2%3.2%0.6%988.5K27.3M-652.8K2.5889.7028072322,5408,297
2025-03-14$290.34$310.0025.4%7.2%23.7%26.5%26.1%3.0%1.6%-363.2K44.3M-616.1K0.9494.4545843122,6788,494
2025-03-17$295.84$300.0023.2%7.6%24.9%20.4%26.5%2.8%3.1%-17.9K24.5M-660.9K0.6654.4227318022,9638,798
2025-03-18$290.01$300.0025.0%7.8%25.5%25.4%27.2%3.1%2.5%-846.7K43.4M-633.0K0.4665.6790741923,1158,762
2025-03-19$295.02$300.0022.2%7.4%26.6%17.5%25.6%1.5%3.7%-1.1M19.8M-671.6K1.3875.2317424023,4048,939
2025-03-20$292.94$0.0023.3%8.0%26.6%20.7%27.6%2.8%4.3%-1.7M27.5M-649.5K15.1886.383715,63023,4839,012
2025-03-21$289.83$300.0021.3%7.8%26.5%15.1%26.7%2.9%5.9%-6.0M40.3M-641.7K0.5164.441,02652023,5618,965
2025-03-24$293.55$290.0022.2%7.7%27.1%17.4%26.7%1.2%4.0%1.6M-7.0M-655.7K0.3271.5738612512,9286,180
2025-03-25$292.92$290.0021.4%7.6%25.3%15.4%26.4%1.1%5.1%1.8M-9.3M-686.2K0.4167.9159424513,2896,276
2025-03-26$294.71$290.0022.2%7.7%25.5%17.6%27.6%2.1%4.7%2.1M-15.1M-704.1K0.5271.0825913413,7236,416
2025-03-27$294.90$290.0021.5%7.7%25.5%15.7%26.5%2.3%5.3%2.2M-16.5M-711.3K0.4961.243,6161,76613,8716,525
2025-03-28$292.64$290.0022.3%8.1%25.5%17.9%29.5%1.7%5.7%3.4M-13.6M-877.4K1.2766.0710012717,4208,238
2025-03-31$295.46$290.0022.6%7.9%25.7%18.6%28.3%1.3%4.6%4.3M-25.4M-889.7K0.3263.1742213717,4828,363