APPF Options History — September 2019

In September 2019, APPF traded between $92.39 and $100.18. ATM implied volatility averaged 38.8%, placing in the 28.5% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 8.2% (HV 20d: 30.6%). Max pain ranged from $95.00 to $100.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 8.85.

Notable Days

2019-09-13: Highest Volume — 821 contracts
2019-09-13: Largest IV spike — 20.9% change
2019-09-13: Highest IV Rank — 36.7%
2019-09-13: Largest Expected Move — 12.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$96.62	$92.39	$100.18	$98.33	$95.19
Max Pain	$95.50	$95.00	$100.00	$100.00	$95.00
ATM IV	38.8%	34.6%	41.8%	38.2%	40.9%
Expected Move	11.0%	9.9%	12.0%	10.9%	11.7%
HV 20d	30.6%	26.4%	35.4%	26.7%	33.6%
HV 60d	31.3%	29.6%	33.0%	33.0%	31.5%
IV Rank	28.5%	17.1%	36.7%	26.9%	34.3%
IV Percentile	46.7%	14.1%	58.8%	46.6%	58.6%
Term Structure	4.1%	-0.6%	12.2%	-0.6%	8.8%
VWIV	40.3%	33.9%	51.3%	39.2%	41.9%
Skew 25d	6.4%	3.9%	9.0%	6.0%	7.7%
Skew 10d	13.1%	-1.6%	22.9%	10.4%	9.3%
Call IV 25d	36.4%	33.6%	40.5%	36.0%	37.6%
Put IV 25d	42.8%	39.1%	48.4%	42.0%	45.3%
Bid-Ask Spread %	82.23	72.04	93.54	85.77	93.54
Gamma HHI	0.28	0.22	0.54	0.28	0.26
Net GEX	57.8K	-273.2K	160.4K	56.1K	160.4K
Net DEX	-2.1M	-3.6M	-774.2K	-1.8M	-2.8M
Net VEX	-18.8K	-22.2K	-15.6K	-15.6K	-20.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	8.85	0.00	135.83	0.21	0.71
Total Volume	113.6	4	821	128	36
Total OI	1,652.8	1,325	2,342	1,325	1,738

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
2019-09-03	$98.33	$100.00	38.2%	10.9%	26.7%	26.9%	39.2%	6.0%	-0.6%	56.1K	-1.8M	-15.6K	0.21	85.77	106	22	731	594
2019-09-04	$98.13	$100.00	39.0%	11.2%	26.6%	29.2%	38.4%	5.5%	-0.4%	71.6K	-2.3M	-17.8K	0.50	88.40	6	3	841	593
2019-09-05	$98.74	$95.00	38.2%	10.6%	26.4%	26.9%	38.6%	5.1%	2.6%	77.0K	-2.4M	-17.8K	0.67	75.60	15	10	844	596
2019-09-06	$97.30	$95.00	37.4%	10.9%	26.6%	24.8%	37.1%	6.3%	0.9%	73.6K	-1.9M	-17.3K	0.20	81.07	10	2	835	599
2019-09-09	$94.79	$95.00	40.2%	10.7%	27.9%	32.3%	38.5%	5.2%	3.1%	53.3K	-907.4K	-16.0K	0.26	72.04	73	19	838	600
2019-09-10	$93.69	$95.00	40.6%	11.0%	27.4%	33.6%	40.9%	5.7%	2.9%	52.1K	-774.2K	-17.5K	0.44	74.87	43	19	909	605
2019-09-11	$96.42	$95.00	39.3%	11.3%	28.1%	30.0%	38.8%	5.1%	1.3%	77.8K	-2.0M	-19.0K	0.25	78.73	24	6	949	599
2019-09-12	$99.82	$95.00	34.6%	9.9%	30.6%	17.1%	35.9%	5.7%	6.2%	107.9K	-3.4M	-19.4K	0.00	81.40	33	0	962	596
2019-09-13	$97.40	$95.00	41.8%	12.0%	31.5%	36.7%	43.4%	7.0%	0.5%	88.6K	-2.5M	-19.8K	135.83	76.51	6	815	989	596
2019-09-16	$98.33	$95.00	39.8%	11.4%	31.7%	31.1%	41.9%	3.9%	1.4%	-273.2K	-970.5K	-22.2K	6.42	78.29	12	77	983	1,359
2019-09-17	$100.18	$95.00	40.4%	11.6%	30.8%	32.8%	40.5%	7.6%	-0.0%	-167.1K	-3.0M	-20.9K	15.36	77.63	33	507	995	1,329
2019-09-18	$99.65	$95.00	39.4%	11.3%	30.4%	30.2%	38.7%	7.4%	2.2%	50.9K	-3.4M	-19.9K	2.00	81.10	2	4	1,015	826
2019-09-19	$100.16	$95.00	35.9%	10.3%	30.0%	20.8%	33.9%	7.2%	4.2%	80.9K	-3.6M	-19.9K	0.04	84.04	23	1	1,017	889
2019-09-20	$97.54	$95.00	35.5%	10.2%	31.3%	19.6%	39.0%	4.9%	4.4%	116.6K	-2.2M	-19.6K	1.19	83.43	43	51	1,037	889
2019-09-23	$92.84	$95.00	36.1%	10.4%	35.1%	21.3%	41.2%	8.0%	9.2%	94.9K	-1.0M	-17.4K	0.46	82.99	61	28	914	534
2019-09-24	$92.39	$95.00	40.9%	11.7%	34.3%	34.4%	41.2%	7.9%	12.2%	92.3K	-1.1M	-18.4K	0.22	85.21	46	10	959	555
2019-09-25	$94.51	$95.00	40.5%	11.6%	35.4%	33.1%	51.3%	9.0%	7.3%	114.8K	-1.9M	-19.4K	9.33	85.65	3	28	984	562
2019-09-26	$93.91	$95.00	38.9%	11.2%	34.9%	28.9%	45.2%	8.1%	7.0%	110.3K	-1.7M	-19.1K	3.00	89.46	1	3	984	579
2019-09-27	$92.99	$95.00	38.2%	11.0%	33.4%	26.9%	0.0%	5.5%	8.3%	117.4K	-1.6M	-19.0K	0.00	88.89	91	0	1,050	582
2019-09-30	$95.19	$95.00	40.9%	11.7%	33.6%	34.3%	41.9%	7.7%	8.8%	160.4K	-2.8M	-20.2K	0.71	93.54	21	15	1,141	597