APD Options History — May 2025

In May 2025, APD traded between $264.59 and $278.28. ATM implied volatility averaged 25.9%, placing in the 14.6% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded below realized volatility by 6.4% (HV 20d: 32.3%). Max pain ranged from $280.00 to $280.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.85.

Notable Days

  • 2025-05-02: Highest Volume — 5,810 contracts
  • 2025-05-07: Largest IV spike — 17.2% change
  • 2025-05-07: Highest IV Rank — 24.9%
  • 2025-05-07: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$273.36$264.59$278.28$276.64$278.12
Max Pain$280.00$280.00$280.00$280.00$280.00
ATM IV25.9%21.5%32.8%27.0%22.8%
Expected Move7.0%6.2%7.9%7.7%6.5%
HV 20d32.3%21.1%58.8%58.8%21.1%
HV 60d38.3%37.7%39.3%39.2%38.4%
IV Rank14.6%8.2%24.9%16.2%10.0%
IV Percentile62.9%42.5%82.5%68.3%48.8%
Term Structure1.2%-2.1%4.3%-2.1%1.6%
VWIV24.5%21.8%30.8%27.4%22.7%
Skew 25d3.6%2.7%4.8%4.0%3.4%
Skew 10d7.2%3.7%9.2%7.4%6.2%
Call IV 25d23.0%20.9%26.2%26.2%21.9%
Put IV 25d26.6%23.9%30.2%30.2%25.3%
Bid-Ask Spread %84.2681.2387.6285.2986.84
Gamma HHI0.260.150.460.170.25
Net GEX2.5M-7.8M10.2M-807.0K10.2M
Net DEX4.3M-62.6M58.8M15.8M-62.6M
Net VEX-759.8K-964.4K-668.1K-738.3K-964.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.850.026.480.411.33
Total Volume995.9521945,8101,245315
Total OI28,735.23823,73432,04125,67330,387

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-05-01$276.64$280.0027.0%7.7%58.8%16.2%27.4%4.0%-2.1%-807.0K15.8M-738.3K0.4185.2988336216,1829,491
2025-05-02$278.28$280.0025.5%7.3%57.2%14.0%25.4%2.7%-1.0%99.2K2.0M-747.4K0.0283.915,70710316,7509,622
2025-05-05$273.47$280.0028.1%7.4%53.0%18.0%25.4%2.8%2.8%2.3M8.0M-810.0K1.1982.9613516121,4989,606
2025-05-06$268.81$280.0028.0%7.4%52.0%17.7%25.9%3.5%3.2%1.2M36.3M-765.9K0.5883.611237121,5339,599
2025-05-07$264.59$280.0032.8%7.9%48.5%24.9%30.8%3.7%2.6%481.5K58.8M-706.5K1.6885.2344374321,5789,629
2025-05-08$270.93$280.0029.0%7.4%35.7%19.2%25.7%3.8%2.4%1.2M26.2M-769.5K0.2982.643129221,5159,548
2025-05-09$270.81$280.0028.8%7.1%32.7%19.0%25.1%3.5%4.3%1.2M26.2M-757.5K0.7583.2420615521,6779,544
2025-05-12$276.44$280.0028.4%6.6%30.2%18.3%23.6%3.0%3.2%1.6M-2.7M-770.6K0.4281.2331513221,7909,647
2025-05-13$275.01$280.0027.3%6.4%29.9%16.7%22.9%3.3%3.7%369.5K11.4M-736.1K0.5583.1734118621,8469,719
2025-05-14$271.31$280.0024.3%7.0%28.8%12.3%24.1%3.5%2.6%799.2K36.3M-700.4K0.4883.4926112421,9809,802
2025-05-15$274.87$280.0025.2%7.2%27.3%13.6%24.2%4.1%-0.0%469.4K18.2M-734.8K0.4784.7929513922,0569,872
2025-05-16$278.18$280.0021.5%6.2%27.2%8.2%21.8%3.0%0.7%-7.8M976.6K-747.0K0.2882.6889024522,2109,831
2025-05-19$277.06$280.0023.5%6.7%25.3%11.2%23.7%3.9%0.3%6.3M-27.9M-753.9K0.5981.9734320116,6437,091
2025-05-20$275.61$280.0022.9%6.6%21.1%10.3%23.0%3.1%0.9%5.5M-16.4M-730.5K0.6684.291197916,7977,259
2025-05-21$270.28$280.0025.5%7.3%22.0%14.1%23.7%3.8%-0.8%3.4M8.5M-685.2K0.2282.674079016,8257,318
2025-05-22$269.12$280.0023.9%6.9%21.4%11.8%24.3%3.3%0.4%3.1M13.1M-668.1K0.5985.2930618017,0787,381
2025-05-23$270.60$280.0023.5%6.8%21.4%11.2%24.0%4.2%1.2%3.8M6.6M-683.7K0.4385.351456217,3277,502
2025-05-27$274.20$280.0025.2%7.2%21.6%13.7%24.3%3.7%-1.6%5.3M-10.2M-696.8K0.0386.485,17917817,4227,539
2025-05-28$272.93$280.0024.9%7.1%21.5%13.2%22.7%4.8%0.9%7.1M-30.0M-909.3K0.5187.621829222,4927,610
2025-05-29$273.31$280.0025.1%7.2%21.5%13.6%24.4%4.5%0.1%7.1M-28.9M-880.1K6.4886.708253122,5757,669
2025-05-30$278.12$280.0022.8%6.5%21.1%10.0%22.7%3.4%1.6%10.2M-62.6M-964.4K1.3386.8413518022,6297,758