APD Options History — August 2025

In August 2025, APD traded between $281.91 and $299.02. ATM implied volatility averaged 22.3%, placing in the 9.4% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 2.7% (HV 20d: 19.7%). 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 19 of 21 days. Put/call ratio averaged 0.55.

Notable Days

  • 2025-08-14: Highest Volume — 5,561 contracts
  • 2025-08-11: Largest IV spike — 44.8% change
  • 2025-08-11: Highest IV Rank — 23.4%
  • 2025-08-01: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$291.14$281.91$299.02$281.91$293.92
Max Pain$280.48$280.00$290.00$290.00$280.00
ATM IV22.3%18.6%31.8%24.9%20.6%
Expected Move6.1%5.3%7.1%7.1%5.9%
HV 20d19.7%16.8%21.8%16.8%18.2%
HV 60d17.6%17.3%18.1%18.0%17.3%
IV Rank9.4%3.9%23.4%13.2%6.9%
IV Percentile35.5%9.9%82.9%57.9%17.5%
Term Structure1.1%-1.0%3.1%-1.0%0.6%
VWIV21.1%17.8%24.4%24.0%20.9%
Skew 25d3.4%2.1%5.5%5.5%3.1%
Skew 10d7.8%5.3%12.2%6.5%8.1%
Call IV 25d19.6%17.3%21.7%21.7%19.1%
Put IV 25d23.0%19.4%27.2%27.2%22.2%
Bid-Ask Spread %82.2678.0388.2488.2486.82
Gamma HHI0.490.410.540.500.46
Net GEX19.7M11.6M30.3M11.6M22.8M
Net DEX-105.5M-180.8M-50.0M-55.4M-115.9M
Net VEX-943.6K-1.2M-752.5K-869.6K-981.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.062.410.130.48
Total Volume671.238755,56159798
Total OI29,369.76226,89731,85027,17131,850

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-08-01$281.91$290.0024.9%7.1%16.8%13.2%24.0%5.5%-1.0%11.6M-55.4M-869.6K0.1388.245277021,5115,660
2025-08-04$287.13$280.0024.2%6.5%17.9%12.1%24.4%3.3%2.3%14.6M-76.6M-872.1K1.1478.0325228721,2705,627
2025-08-05$292.42$280.0024.5%6.3%18.6%12.6%21.0%3.5%3.0%19.6M-118.5M-968.9K0.2780.3751214021,3565,680
2025-08-06$289.89$280.0023.2%6.3%18.8%10.6%21.7%4.0%1.5%17.2M-104.6M-938.4K0.2479.372054921,4335,712
2025-08-07$288.85$280.0023.9%6.4%18.7%11.8%21.7%3.7%1.3%16.5M-90.8M-874.8K0.4878.851436921,3765,643
2025-08-08$288.18$280.0022.0%6.1%18.5%8.8%20.9%3.1%1.7%15.9M-82.2M-847.9K0.6182.31774721,4135,663
2025-08-11$284.33$280.0031.8%6.5%19.1%23.4%21.3%3.6%0.9%12.2M-50.0M-752.5K0.1979.433857521,4325,662
2025-08-12$289.56$280.0025.4%6.0%19.8%13.9%21.4%3.8%2.5%16.9M-82.1M-807.4K0.6479.351227821,5245,700
2025-08-13$293.86$280.0021.9%6.3%20.3%8.7%21.7%3.2%1.8%21.1M-127.2M-872.4K0.7381.861178521,5435,704
2025-08-14$291.60$280.0020.9%6.0%19.9%7.3%20.4%3.0%0.4%18.6M-96.4M-800.0K0.0682.125,25630521,5715,715
2025-08-15$291.00$280.0018.6%5.3%19.9%3.9%18.4%2.1%3.1%21.9M-109.4M-963.9K0.1686.451,55024426,0725,707
2025-08-18$288.10$280.0020.9%6.0%20.1%7.2%20.9%3.2%0.4%16.5M-85.6M-952.4K1.0880.5019821425,3315,356
2025-08-19$290.08$280.0020.8%6.0%19.7%7.1%20.4%2.8%1.6%18.3M-92.3M-963.2K0.4881.611235925,4435,486
2025-08-20$293.49$280.0021.9%6.3%20.2%8.8%22.4%3.9%-0.9%22.2M-124.5M-1.1M0.3180.722407525,4965,525
2025-08-21$292.86$280.0021.5%6.2%20.2%8.2%20.1%3.4%0.5%21.9M-121.1M-1.0M0.4779.47512425,7135,529
2025-08-22$299.02$280.0019.1%5.5%21.5%4.7%17.8%3.6%1.7%30.3M-180.8M-1.2M0.0782.361,1527825,7475,538
2025-08-25$294.15$280.0021.0%6.0%21.8%7.4%21.3%3.3%0.4%23.8M-124.0M-1.0M1.4384.16659325,9695,574
2025-08-26$293.97$280.0021.3%6.1%21.8%7.8%20.8%2.9%0.0%23.6M-128.0M-1.0M0.1185.815606025,9985,599
2025-08-27$295.36$280.0019.8%5.7%20.4%5.7%20.3%3.4%0.6%25.3M-131.6M-1.0M0.1384.702833626,1945,618
2025-08-28$294.34$280.0020.9%6.0%20.4%7.3%22.2%3.7%0.4%23.9M-119.3M-999.8K2.4184.95276526,1995,626
2025-08-29$293.92$280.0020.6%5.9%18.2%6.9%20.9%3.1%0.6%22.8M-115.9M-981.9K0.4886.82663226,2095,641