APPF Options History — December 2018

In December 2018, APPF traded between $55.18 and $61.68. ATM implied volatility averaged 48.7%. The 30-day expected move averaged 13.6%. IV traded above realized volatility by 8.1% (HV 20d: 40.6%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.63.

Notable Days

  • 2018-12-21: Highest Volume — 289 contracts
  • 2018-12-12: Largest IV drop — 15.4% change
  • 2018-12-26: Largest Expected Move — 15.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.92$55.18$61.68$61.68$59.09
Max Pain$59.25$55.00$60.00$55.00$60.00
ATM IV48.7%44.0%54.6%47.9%45.7%
Expected Move13.6%12.5%15.6%13.7%13.1%
HV 20d40.6%39.6%42.8%42.8%40.6%
Term Structure-0.4%-6.8%3.6%-4.7%-2.2%
VWIV47.6%43.7%56.8%47.5%48.1%
Skew 25d4.1%3.1%5.1%3.4%4.2%
Skew 10d6.8%4.6%8.4%7.2%7.4%
Call IV 25d45.7%42.0%52.1%46.5%44.8%
Put IV 25d49.8%45.7%56.3%49.9%49.0%
Bid-Ask Spread %58.2743.9876.9768.2658.09
Gamma HHI0.490.190.770.730.19
Net GEX90.4K-8.1K228.2K177.5K2.6K
Net DEX-753.8K-2.0M67.1K-2.0M-64.1K
Net VEX-3.4K-6.4K-1.5K-6.4K-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.002.140.001.00
Total Volume68.802895410
Total OI1,205.953411,7161,412341

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-12-03$61.68$55.0047.9%13.7%0.0%0.0%47.5%3.4%-4.7%177.5K-2.0M-6.4K0.0068.265401,080332
2018-12-04$60.15$55.0049.0%14.0%0.0%0.0%48.8%4.7%-5.0%149.2K-1.5M-5.8K0.0675.365431,102332
2018-12-05$60.39$55.0049.4%14.2%0.0%0.0%49.3%5.1%-5.3%153.8K-1.5M-5.6K0.0676.975431,102332
2018-12-06$60.88$60.0049.3%12.5%0.0%0.0%0.0%3.6%3.2%173.6K-1.6M-5.7K0.0046.29001,102334
2018-12-07$59.86$60.0049.0%12.6%0.0%0.0%46.6%3.1%3.5%150.9K-1.3M-5.2K0.1743.984681,102334
2018-12-10$60.48$60.0052.8%12.9%0.0%0.0%50.0%4.2%2.4%168.4K-1.4M-4.9K0.0546.856631,105339
2018-12-11$60.64$60.0051.9%12.8%0.0%0.0%45.2%4.8%2.3%183.8K-1.4M-4.6K0.0847.185141,139339
2018-12-12$61.61$60.0044.0%12.6%0.0%0.0%44.3%3.8%3.2%228.2K-1.7M-4.8K0.1045.953941,138339
2018-12-13$60.27$60.0044.0%12.6%0.0%0.0%43.8%3.1%3.6%181.3K-1.1M-3.8K0.1454.974261,153341
2018-12-14$60.03$60.0044.2%12.7%0.0%0.0%43.8%3.9%2.8%166.1K-986.2K-3.4K0.3850.6747181,155341
2018-12-17$55.89$60.0048.0%13.8%0.0%0.0%44.9%4.3%1.2%93428.4K-1.8K2.1060.4210211,153352
2018-12-18$58.92$60.0044.7%12.8%0.0%0.0%43.7%4.4%3.5%72.4K-362.9K-2.1K1.6560.3817281,156374
2018-12-19$57.92$60.0044.4%12.7%42.8%0.0%43.7%3.1%3.6%10.1K-117.3K-1.7K0.2563.6567171,157376
2018-12-20$57.27$60.0048.9%14.0%41.4%0.0%50.1%3.7%1.0%-8.1K-42.6K-1.6K0.5059.87191951,180388
2018-12-21$56.17$60.0049.5%14.2%40.5%0.0%46.3%4.8%0.8%-9176.2K-1.6K0.0961.53265241,281435
2018-12-24$55.18$60.0054.6%15.6%39.6%0.0%48.8%4.3%-5.8%-2.4K67.1K-1.7K1.6461.991118229120
2018-12-26$56.81$60.0054.6%15.6%40.6%0.0%56.8%4.8%-6.8%-1.1K18.0K-1.7K2.1460.021430229124
2018-12-27$57.34$60.0054.6%15.6%39.8%0.0%53.6%4.7%-6.8%535-11.5K-1.6K0.4761.58157228114
2018-12-28$57.76$60.0048.0%13.8%39.7%0.0%48.3%5.0%-2.9%624-19.7K-1.6K1.1361.311618227114
2018-12-31$59.09$60.0045.7%13.1%40.6%0.0%48.1%4.2%-2.2%2.6K-64.1K-1.5K1.0058.0955223118