APD Options History — March 2026

In March 2026, APD traded between $272.13 and $292.96. ATM implied volatility averaged 28.9%, placing in the 16.9% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 6.5% (HV 20d: 22.4%). Max pain ranged from $270.00 to $280.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 0.44.

Notable Days

  • 2026-03-12: Highest Volume — 9,286 contracts
  • 2026-03-12: Largest IV spike — 11.4% change
  • 2026-03-13: Highest IV Rank — 21.9%
  • 2026-03-13: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$282.98$272.13$292.96$277.13$290.77
Max Pain$275.91$270.00$280.00$270.00$280.00
ATM IV28.9%26.5%32.1%27.4%26.5%
Expected Move8.2%7.6%9.1%7.9%7.6%
HV 20d22.4%19.8%25.9%25.2%21.5%
HV 60d26.9%24.3%33.5%33.4%26.0%
IV Rank16.9%13.4%21.9%14.8%13.4%
IV Percentile71.3%54.4%86.1%67.5%54.4%
Term Structure1.9%-2.1%5.5%-0.8%4.6%
VWIV28.6%26.2%31.5%27.8%26.6%
Skew 25d3.7%2.1%5.4%5.4%3.2%
Skew 10d8.3%3.6%15.9%12.2%6.5%
Call IV 25d27.7%25.2%31.2%25.2%25.9%
Put IV 25d31.4%28.4%35.2%30.6%29.1%
Bid-Ask Spread %43.1218.1288.3886.3018.15
Gamma HHI0.230.180.370.190.24
Net GEX11.5M5.1M18.9M5.8M12.6M
Net DEX-137.1M-235.4M-68.0M-90.3M-115.2M
Net VEX-847.4K-1.0M-664.9K-742.9K-992.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.440.022.530.100.24
Total Volume1,730.1361469,286512663
Total OI26,65821,67435,02323,53925,314

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-03-02$277.13$270.0027.4%7.9%25.2%14.8%27.8%5.4%-0.8%5.8M-90.3M-742.9K0.1086.304674512,53811,001
2026-03-03$273.10$270.0029.7%8.5%25.7%18.2%28.1%4.7%-0.6%5.1M-69.2M-737.6K2.5386.8713333612,65411,022
2026-03-04$274.23$270.0029.3%8.4%24.7%17.6%29.7%4.8%-2.1%5.7M-75.0M-721.7K0.8288.38806612,69510,984
2026-03-05$275.75$270.0027.2%7.9%21.6%14.5%27.7%4.4%1.8%6.4M-89.3M-722.0K0.2275.342024512,71811,017
2026-03-06$272.13$270.0029.8%8.2%21.9%18.3%28.7%4.1%0.8%5.7M-69.8M-713.2K1.0976.259710612,80011,064
2026-03-09$275.38$270.0029.8%8.2%22.5%18.4%29.8%4.7%1.4%6.3M-83.5M-692.4K1.2979.159712512,81411,106
2026-03-10$276.03$270.0028.7%7.6%22.1%16.6%27.5%4.8%3.0%7.0M-86.4M-671.5K0.7778.83866612,82811,090
2026-03-11$277.55$270.0028.5%8.2%21.3%16.4%27.5%4.3%1.0%7.6M-97.4M-664.9K0.0679.791,0816012,85711,105
2026-03-12$288.75$270.0031.8%9.0%25.8%21.4%31.3%4.0%-0.2%9.7M-187.2M-675.7K0.0823.238,63165513,75111,124
2026-03-13$286.99$280.0032.1%9.1%25.9%21.9%31.5%4.2%-0.4%15.0M-224.8M-951.4K0.0923.252,54922020,11011,167
2026-03-16$289.27$280.0030.4%8.7%19.8%19.3%30.4%3.5%0.7%17.3M-235.4M-940.4K0.2918.7269920421,00111,281
2026-03-17$286.93$280.0028.6%8.2%20.0%16.5%29.5%3.3%0.9%17.9M-226.8M-904.6K0.6118.981,8901,14421,30111,402
2026-03-18$283.19$280.0029.3%8.4%20.2%17.6%29.7%2.8%0.9%18.1M-198.2M-894.5K0.2318.122626022,36312,328
2026-03-19$284.94$280.0029.7%8.7%20.3%18.2%29.0%3.6%3.2%18.9M-214.4M-887.4K0.0621.541,2257322,39512,332
2026-03-20$280.08$280.0028.0%8.2%21.3%15.6%28.0%2.9%3.0%16.2M-166.5M-820.0K0.2318.122,67761222,62212,401
2026-03-23$279.51$280.0027.7%8.0%21.1%15.2%28.1%2.9%4.2%6.8M-68.0M-851.2K0.2818.1450214015,5176,157
2026-03-24$287.09$280.0027.5%7.8%22.8%14.9%27.8%2.7%5.5%9.8M-108.4M-923.5K0.0222.403,5916215,6476,255
2026-03-25$290.06$280.0028.6%8.3%22.9%16.5%28.1%3.4%3.2%15.0M-150.3M-1.0M0.1319.071,27816518,8036,293
2026-03-26$292.96$280.0026.8%7.7%22.0%13.8%26.2%2.1%3.6%17.6M-175.0M-1.0M0.1720.673,46258519,4376,424
2026-03-27$291.09$280.0028.1%8.1%22.1%15.8%27.6%3.4%5.2%13.5M-141.4M-1.0M0.2831.3462417217,9987,321
2026-03-30$292.65$280.0029.3%8.4%22.1%17.6%29.0%2.5%3.0%14.4M-144.2M-1.0M0.2225.932,32050618,0367,403
2026-03-31$290.77$280.0026.5%7.6%21.5%13.4%26.6%3.2%4.6%12.6M-115.2M-992.1K0.2418.1553313017,6757,639