APD Options History — January 2026

In January 2026, APD traded between $250.07 and $273.25. ATM implied volatility averaged 28.2%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 5.4% (HV 20d: 22.7%). Max pain ranged from $250.00 to $260.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 1.54.

Notable Days

  • 2026-01-12: Highest Volume — 3,081 contracts
  • 2026-01-30: Largest IV drop — 23.5% change
  • 2026-01-29: Highest IV Rank — 25.3%
  • 2026-01-29: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$261.55$250.07$273.25$250.07$273.25
Max Pain$256.00$250.00$260.00$250.00$260.00
ATM IV28.2%21.1%34.4%21.1%26.3%
Expected Move8.5%6.1%9.9%6.1%7.5%
HV 20d22.7%15.0%43.8%42.7%30.7%
HV 60d36.2%35.6%38.2%35.9%38.2%
IV Rank15.9%5.2%25.3%5.2%13.1%
IV Percentile66.0%11.9%89.3%11.9%61.5%
Term Structure-1.7%-5.7%8.8%8.8%-0.3%
VWIV29.5%23.2%34.5%23.2%27.9%
Skew 25d3.4%1.8%4.9%1.8%2.9%
Skew 10d8.4%5.5%11.0%10.7%8.3%
Call IV 25d28.1%21.8%33.0%21.8%25.5%
Put IV 25d31.6%23.6%36.3%23.6%28.4%
Bid-Ask Spread %75.9570.6890.3590.3570.68
Gamma HHI0.230.200.260.200.22
Net GEX3.8M1.4M6.9M4.0M6.9M
Net DEX-51.5M-100.3M-1.8M-16.9M-100.3M
Net VEX-752.6K-859.9K-632.2K-640.3K-859.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.540.2112.750.680.78
Total Volume954.92043,0812831,274
Total OI23,253.0517,57928,45624,27522,605

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$250.07$250.0021.1%6.1%42.7%5.2%23.2%1.8%8.8%4.0M-16.9M-640.3K0.6890.3516811514,9759,300
2026-01-05$253.72$250.0024.5%8.1%43.1%10.4%27.8%3.9%-0.9%4.8M-35.7M-632.2K0.6971.6819713615,0258,990
2026-01-06$259.26$250.0023.2%8.0%43.8%8.4%28.0%3.8%-0.3%5.4M-64.8M-664.3K1.2771.7025632515,0798,994
2026-01-07$261.52$250.0026.0%8.5%19.4%12.7%29.4%4.0%-1.4%5.5M-72.4M-674.2K0.2776.742947915,1319,268
2026-01-08$260.29$250.0024.4%8.4%18.1%10.1%27.8%4.5%-1.0%5.3M-67.2M-665.0K6.9775.462351,63815,1709,280
2026-01-09$263.99$250.0024.6%8.2%17.4%10.5%28.8%3.3%-0.6%5.6M-81.0M-674.9K1.0174.8117217315,3169,300
2026-01-12$266.09$250.0026.4%7.9%15.5%13.1%29.4%2.7%-1.1%5.8M-92.0M-654.5K12.7573.892242,85715,3589,454
2026-01-13$264.95$250.0024.3%8.2%15.4%10.0%28.1%2.8%-1.4%3.7M-67.3M-754.4K0.6372.9534721715,49012,020
2026-01-14$266.43$260.0028.1%8.1%15.3%15.8%28.4%3.2%-1.4%3.4M-79.4M-743.1K1.2376.8831238315,61312,166
2026-01-15$264.66$260.0030.2%8.7%15.1%18.9%28.3%2.1%-3.6%4.0M-69.7M-751.8K0.5174.761,38870815,64012,098
2026-01-16$267.17$260.0027.4%7.8%15.0%14.6%27.6%4.9%-0.7%4.1M-89.8M-764.2K0.5076.3035517916,38712,069
2026-01-20$258.02$260.0031.8%9.1%20.4%21.3%33.1%4.2%-3.4%1.8M-16.3M-758.6K0.5777.543612049,5638,016
2026-01-21$263.41$260.0031.0%8.9%19.8%20.2%30.4%4.9%-3.5%2.7M-36.6M-785.6K0.8875.261,3191,1659,7568,158
2026-01-22$263.16$260.0031.1%8.9%19.3%20.4%30.9%3.9%-3.7%2.7M-39.4M-846.5K0.4875.7236117210,9149,201
2026-01-23$261.40$260.0031.2%9.0%19.6%20.5%31.0%3.8%-4.0%2.3M-26.8M-845.1K0.2176.562946211,0379,307
2026-01-26$263.09$260.0032.6%9.3%19.6%22.6%30.5%3.5%-3.6%2.9M-39.1M-839.1K0.3977.9328411211,2409,347
2026-01-27$259.10$260.0031.8%9.1%20.7%21.4%32.5%3.3%-2.7%2.2M-21.3M-830.5K0.3876.051485611,5559,416
2026-01-28$255.00$260.0033.0%9.5%21.7%23.2%32.2%1.8%-3.3%1.4M-1.8M-816.0K0.2378.7766415611,6219,442
2026-01-29$256.41$260.0034.4%9.9%21.7%25.3%34.5%3.4%-5.7%2.0M-12.4M-851.6K0.3474.911,27143712,2279,533
2026-01-30$273.25$260.0026.3%7.5%30.7%13.1%27.9%2.9%-0.3%6.9M-100.3M-859.9K0.7870.6871655812,7609,845