APD Options History — July 2025

In July 2025, APD traded between $285.76 and $299.44. ATM implied volatility averaged 27.5%, placing in the 17.1% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 11.4% (HV 20d: 16.1%). Max pain ranged from $270.00 to $290.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.87.

Notable Days

  • 2025-07-16: Highest Volume — 1,866 contracts
  • 2025-07-09: Largest IV spike — 34.4% change
  • 2025-07-29: Highest IV Rank — 27.5%
  • 2025-07-29: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$292.70$285.76$299.44$285.76$288.81
Max Pain$280.45$270.00$290.00$270.00$290.00
ATM IV27.5%17.7%34.6%19.5%24.1%
Expected Move8.2%5.6%9.9%5.6%6.9%
HV 20d16.1%13.0%17.9%17.9%14.8%
HV 60d22.1%17.5%36.1%36.1%17.6%
IV Rank17.1%2.5%27.5%5.1%12.1%
IV Percentile62.4%3.2%84.9%14.7%55.2%
Term Structure-3.0%-8.6%7.3%7.3%-1.3%
VWIV28.9%20.5%34.6%20.5%22.9%
Skew 25d4.2%1.9%9.7%3.6%9.7%
Skew 10d7.5%0.8%13.1%7.9%13.1%
Call IV 25d26.2%13.8%32.3%19.0%13.8%
Put IV 25d30.5%22.0%37.0%22.5%23.5%
Bid-Ask Spread %80.7072.6289.7687.3189.76
Gamma HHI0.450.330.590.360.53
Net GEX17.9M14.9M21.4M15.4M16.2M
Net DEX-175.5M-207.2M-102.3M-141.6M-102.3M
Net VEX-1.1M-1.2M-973.9K-1.1M-973.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.062.760.290.84
Total Volume478.864761,866260376
Total OI26,367.45525,43128,63725,43127,120

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-07-01$285.76$270.0019.5%5.6%17.9%5.1%20.5%3.6%7.3%15.4M-141.6M-1.1M0.2987.312025819,6475,784
2025-07-02$289.88$270.0020.7%5.9%17.4%7.0%21.5%2.5%6.6%17.8M-171.2M-1.2M2.5289.1911829719,7525,777
2025-07-03$291.88$280.0017.7%7.9%17.0%2.5%27.5%3.2%-2.1%18.5M-188.9M-1.2M0.5976.791699919,7395,931
2025-07-07$289.09$280.0022.5%7.8%16.6%9.6%27.4%3.4%-1.8%17.2M-165.7M-1.1M0.5472.6232217519,7615,952
2025-07-08$292.69$280.0021.1%7.9%16.8%7.6%29.5%5.4%-4.0%19.3M-195.4M-1.2M2.7674.455515219,8696,086
2025-07-09$293.68$280.0028.4%8.1%16.8%18.4%28.4%1.9%-2.6%20.3M-199.0M-1.1M0.8380.78968019,8926,112
2025-07-10$294.67$280.0027.1%7.8%16.8%16.4%26.1%4.7%-2.3%21.4M-205.2M-1.1M0.3879.121887119,9056,150
2025-07-11$292.15$280.0028.9%8.3%17.2%19.2%28.6%3.7%-4.4%20.0M-183.7M-1.1M0.6577.60463019,9606,183
2025-07-14$290.88$280.0028.7%8.2%17.4%18.8%27.9%2.7%-2.9%19.1M-173.8M-1.1M0.0677.869035519,9676,182
2025-07-15$287.56$280.0028.4%8.1%17.5%18.3%29.8%3.4%-2.6%17.2M-145.0M-1.0M0.4777.991336220,7866,181
2025-07-16$289.64$280.0029.8%8.6%17.6%20.5%31.3%4.3%-3.3%18.2M-165.3M-1.1M0.1479.591,63822820,8236,215
2025-07-17$293.75$280.0031.2%8.9%17.7%22.5%31.9%5.3%-4.2%21.0M-206.8M-1.2M0.4889.0053625822,2566,378
2025-07-18$294.88$280.0026.2%7.5%17.6%15.1%25.8%5.4%-1.1%15.7M-203.5M-1.1M0.1289.181,40116922,1786,459
2025-07-21$293.69$280.0030.1%8.6%15.6%20.9%28.7%3.0%-5.5%17.0M-162.6M-1.2M0.5579.781266920,4935,200
2025-07-22$297.25$280.0030.8%8.8%15.9%21.9%30.9%4.4%-5.3%17.0M-193.4M-1.2M0.3978.242128220,5815,213
2025-07-23$297.65$280.0031.4%9.0%13.0%22.7%31.7%4.4%-5.9%17.4M-194.5M-1.2M0.4077.622449820,7095,277
2025-07-24$297.11$280.0029.2%8.4%13.0%19.5%32.0%3.9%-3.9%17.7M-191.3M-1.2M0.3881.73973720,8245,337
2025-07-25$299.44$280.0030.0%8.6%13.1%20.7%31.5%4.5%-5.4%18.9M-207.2M-1.2M1.7878.397313020,8715,346
2025-07-28$295.66$280.0030.8%8.8%14.3%21.8%33.1%4.6%-6.0%17.3M-175.9M-1.1M2.6979.314812920,8825,427
2025-07-29$294.66$290.0034.6%9.9%14.2%27.5%34.6%4.6%-8.6%17.2M-165.2M-1.1M2.0079.23367220,8925,509
2025-07-30$288.57$290.0034.3%9.8%15.6%27.1%33.7%4.6%-7.4%14.9M-122.5M-1.1M0.2279.9895221320,9135,565
2025-07-31$288.81$290.0024.1%6.9%14.8%12.1%22.9%9.7%-1.3%16.2M-102.3M-973.9K0.8489.7620417221,4735,647