APPF Options History — June 2019

In June 2019, APPF traded between $94.98 and $107.31. ATM implied volatility averaged 35.9%, placing in the 11.4% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 5.8% (HV 20d: 30.1%). Max pain ranged from $80.00 to $95.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 1.78.

Notable Days

2019-06-28: Highest Volume — 355 contracts
2019-06-20: Largest IV drop — 14.8% change
2019-06-04: Highest IV Rank — 22.9%
2019-06-04: Largest Expected Move — 11.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$101.14	$94.98	$107.31	$94.98	$101.47
Max Pain	$89.25	$80.00	$95.00	$95.00	$90.00
ATM IV	35.9%	31.3%	40.1%	39.7%	33.0%
Expected Move	10.2%	9.0%	11.5%	11.4%	9.5%
HV 20d	30.1%	23.3%	40.1%	23.6%	40.1%
HV 60d	28.0%	26.1%	30.4%	27.0%	30.3%
IV Rank	11.4%	0.0%	22.9%	21.8%	5.0%
IV Percentile	24.4%	0.0%	46.9%	45.7%	2.1%
Term Structure	4.0%	-4.8%	12.8%	-2.4%	12.8%
VWIV	36.4%	29.8%	41.2%	41.2%	35.1%
Skew 25d	3.3%	1.8%	5.3%	5.3%	3.6%
Skew 10d	7.4%	-10.2%	19.2%	8.5%	14.9%
Call IV 25d	35.1%	31.8%	39.4%	38.2%	32.6%
Put IV 25d	38.4%	34.1%	43.5%	43.5%	36.2%
Bid-Ask Spread %	84.89	73.91	93.31	85.51	89.47
Gamma HHI	0.31	0.24	0.39	0.33	0.30
Net GEX	178.7K	90.6K	278.0K	90.6K	123.9K
Net DEX	-5.8M	-8.8M	-3.4M	-3.4M	-4.8M
Net VEX	-19.1K	-21.8K	-16.3K	-16.7K	-20.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.78	0.13	9.72	0.13	4.07
Total Volume	190.2	17	355	17	355
Total OI	1,721.25	1,372	2,036	1,372	1,723

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2019-06-03	$94.98	$95.00	39.7%	11.4%	23.6%	21.8%	41.2%	5.3%	-2.4%	90.6K	-3.4M	-16.7K	0.13	85.51	15	2	899	473
2019-06-04	$96.33	$95.00	40.1%	11.5%	23.6%	22.9%	39.1%	1.8%	-4.8%	107.6K	-3.8M	-16.7K	0.29	92.09	17	5	908	473
2019-06-05	$99.08	$95.00	37.6%	10.8%	25.6%	15.4%	37.6%	3.8%	-2.4%	139.9K	-4.9M	-16.3K	0.23	90.42	120	28	918	474
2019-06-06	$100.15	$80.00	36.9%	10.0%	24.7%	13.3%	36.0%	4.7%	3.5%	157.8K	-5.6M	-17.2K	0.29	83.78	95	28	991	498
2019-06-07	$102.03	$80.00	36.1%	10.3%	25.2%	10.8%	34.0%	5.0%	1.8%	191.5K	-6.3M	-17.1K	0.27	81.03	200	54	1,026	497
2019-06-10	$103.08	$85.00	35.9%	10.3%	25.0%	10.0%	36.3%	2.4%	1.8%	237.1K	-7.4M	-18.7K	0.32	85.58	56	18	1,178	515
2019-06-11	$99.81	$85.00	38.9%	10.5%	23.8%	19.4%	37.3%	3.0%	1.4%	220.9K	-6.1M	-19.6K	4.41	82.34	32	141	1,202	523
2019-06-12	$98.96	$90.00	33.3%	9.5%	24.0%	2.1%	37.6%	4.3%	3.8%	186.7K	-5.2M	-20.2K	9.72	73.91	25	243	1,198	627
2019-06-13	$97.53	$90.00	36.3%	10.4%	24.8%	11.2%	37.9%	3.1%	2.3%	162.8K	-4.5M	-21.8K	4.41	80.77	56	247	1,203	728
2019-06-14	$97.59	$90.00	34.7%	9.9%	23.3%	6.4%	36.3%	1.9%	2.9%	159.2K	-4.4M	-21.5K	4.29	75.27	56	240	1,187	732
2019-06-17	$104.63	$90.00	33.7%	9.7%	33.6%	3.3%	34.3%	4.3%	3.2%	234.9K	-7.7M	-20.0K	0.22	78.10	175	39	1,210	731
2019-06-18	$105.74	$90.00	37.1%	10.6%	32.6%	13.9%	36.5%	2.2%	2.1%	250.2K	-8.1M	-20.4K	0.18	87.94	151	27	1,271	765
2019-06-19	$106.69	$90.00	36.7%	10.5%	32.6%	12.6%	29.8%	3.7%	2.9%	253.9K	-8.3M	-19.4K	0.30	88.96	114	34	1,241	767
2019-06-20	$107.31	$90.00	31.3%	9.0%	32.6%	0.0%	33.6%	2.3%	7.5%	278.0K	-8.8M	-18.1K	0.31	93.31	119	37	1,244	771
2019-06-21	$107.15	$90.00	35.0%	10.0%	32.5%	11.0%	35.2%	1.8%	2.3%	173.0K	-8.8M	-18.5K	0.26	83.35	189	50	1,247	774
2019-06-24	$102.09	$90.00	36.3%	10.4%	37.3%	14.7%	40.0%	4.3%	10.2%	178.3K	-5.6M	-19.3K	1.51	87.29	51	77	1,019	508
2019-06-25	$100.23	$90.00	35.8%	10.3%	38.0%	13.4%	36.2%	3.1%	10.1%	166.0K	-4.9M	-20.4K	0.69	89.36	109	75	1,056	578
2019-06-26	$97.77	$90.00	35.7%	10.2%	39.1%	13.1%	37.0%	3.1%	10.2%	136.3K	-4.0M	-20.5K	0.99	86.65	132	131	1,032	598
2019-06-27	$100.26	$90.00	34.1%	9.8%	40.0%	8.3%	36.0%	2.3%	11.4%	125.3K	-4.6M	-19.9K	2.73	82.73	70	191	982	658
2019-06-28	$101.47	$90.00	33.0%	9.5%	40.1%	5.0%	35.1%	3.6%	12.8%	123.9K	-4.8M	-20.5K	4.07	89.47	70	285	990	733