APD Options History — December 2025

In December 2025, APD traded between $231.44 and $262.23. ATM implied volatility averaged 24.4%, placing in the 10.2% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded below realized volatility by 17.0% (HV 20d: 41.4%). Max pain ranged from $250.00 to $280.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 0.77.

Notable Days

  • 2025-12-09: Highest Volume — 4,468 contracts
  • 2025-12-08: Largest IV spike — 38.5% change
  • 2025-12-08: Highest IV Rank — 24.2%
  • 2025-12-08: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$247.05$231.44$262.23$261.47$247.65
Max Pain$256.36$250.00$280.00$260.00$250.00
ATM IV24.4%19.0%33.7%23.8%20.5%
Expected Move6.9%5.5%8.3%6.8%5.9%
HV 20d41.4%17.6%43.6%41.5%42.8%
HV 60d34.7%29.5%36.9%29.9%35.8%
IV Rank10.2%2.0%24.2%9.9%4.2%
IV Percentile43.1%0.8%87.7%46.0%4.8%
Term Structure4.0%-0.3%10.0%-0.3%8.8%
VWIV24.1%19.2%29.6%24.0%20.4%
Skew 25d2.7%-1.3%4.9%1.7%-0.3%
Skew 10d8.9%2.8%46.9%5.1%2.8%
Call IV 25d23.1%17.8%28.3%23.9%20.7%
Put IV 25d25.7%18.1%30.1%25.6%20.4%
Bid-Ask Spread %86.7680.9690.7782.5990.77
Gamma HHI0.200.140.450.170.20
Net GEX2.3M-1.1M9.7M3.1M3.8M
Net DEX12.4M-29.9M61.8M-4.1M-4.5M
Net VEX-510.6K-643.2K-300.1K-419.6K-617.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.034.810.170.03
Total Volume1,246.3181824,468956450
Total OI26,358.90919,88232,59219,88224,362

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-12-01$261.47$260.0023.8%6.8%41.5%9.9%24.0%1.7%-0.3%3.1M-4.1M-419.6K0.1782.5981514114,7295,153
2025-12-02$258.15$260.0023.9%6.8%41.0%10.1%23.4%1.6%0.1%2.9M5.1M-404.7K0.3589.3746816615,2045,229
2025-12-03$260.90$260.0023.7%6.8%41.0%9.8%23.3%2.8%0.2%4.2M-5.5M-424.9K0.1386.214505715,5655,307
2025-12-04$262.23$280.0023.8%6.7%40.2%9.9%24.2%2.6%3.5%4.8M-11.6M-437.6K0.1186.053,53138415,6505,336
2025-12-05$261.47$280.0024.3%7.1%17.6%10.1%24.1%3.2%2.2%9.7M-29.9M-499.5K0.4386.0065428118,6605,655
2025-12-08$235.25$280.0033.7%8.3%41.5%24.2%29.6%1.8%0.8%-836.2K58.4M-300.1K0.7380.962,4761,81918,7035,866
2025-12-09$231.44$270.0030.3%7.8%41.7%19.2%26.7%3.3%2.2%-1.1M61.8M-330.7K0.1181.574,02744119,4976,725
2025-12-10$236.53$250.0024.9%7.1%42.1%10.9%28.5%2.9%3.6%908.9K39.0M-457.1K4.8189.215002,40322,9596,842
2025-12-11$243.01$250.0025.7%7.4%43.6%12.1%26.1%3.8%3.4%958.3K25.4M-535.4K0.4685.1559827423,0898,857
2025-12-12$241.67$250.0025.6%7.4%43.5%12.1%25.6%4.2%3.2%201.5K31.7M-513.4K0.4788.2431414923,0028,879
2025-12-15$244.14$250.0026.3%7.5%43.6%13.1%26.5%4.0%1.7%912.1K23.8M-514.6K0.7986.3622317623,0298,948
2025-12-16$242.25$250.0025.9%7.4%42.8%12.5%26.2%4.9%2.3%389.8K31.1M-494.7K0.7985.471169223,0838,963
2025-12-17$245.25$250.0024.4%7.0%43.1%10.2%25.8%4.0%2.8%1.2M18.7M-513.4K0.6686.6832621523,1208,927
2025-12-18$244.80$250.0026.7%7.6%43.1%13.6%25.7%4.3%3.2%1.1M20.1M-503.6K0.1388.1877110023,1008,977
2025-12-19$240.44$250.0019.0%5.5%43.5%2.0%19.4%4.2%9.2%1.6M21.8M-519.1K0.8390.5871659123,7108,882
2025-12-22$244.51$250.0022.4%6.4%43.1%7.1%21.0%2.2%5.6%1.9M357.2K-573.9K2.4387.9739195214,6248,354
2025-12-23$244.19$250.0023.8%6.8%43.1%9.3%22.1%3.2%5.4%1.5M10.2M-625.0K0.1086.281,34213014,7969,178
2025-12-24$245.80$250.0023.0%6.6%42.8%8.1%22.2%2.5%7.9%1.9M2.9M-637.1K0.6687.701409314,8499,243
2025-12-26$247.18$250.0019.6%5.6%42.9%3.0%19.2%-1.3%10.0%3.8M-5.0M-636.2K0.7986.661219514,9449,280
2025-12-29$247.69$250.0022.8%6.5%42.9%7.7%23.0%1.5%6.6%3.1M-5.2M-633.4K0.8388.2513611314,9959,271
2025-12-30$248.98$250.0021.7%6.2%42.9%6.1%22.3%1.3%6.4%3.9M-11.3M-643.2K1.0988.53879515,0549,300
2025-12-31$247.65$250.0020.5%5.9%42.8%4.2%20.4%-0.3%8.8%3.8M-4.5M-617.1K0.0390.774371315,0649,298