APPF Options History — November 2019

In November 2019, APPF traded between $95.38 and $115.09. ATM implied volatility averaged 32.0%, placing in the 11.5% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded below realized volatility by 1.4% (HV 20d: 33.3%). Max pain ranged from $90.00 to $100.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 1.85.

Notable Days

2019-11-27: Highest Volume — 233 contracts
2019-11-12: Largest IV drop — 25.2% change
2019-11-06: Highest IV Rank — 26.6%
2019-11-04: Largest Expected Move — 10.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$103.44	$95.38	$115.09	$98.74	$113.17
Max Pain	$95.75	$90.00	$100.00	$95.00	$100.00
ATM IV	32.0%	27.3%	38.1%	31.3%	31.2%
Expected Move	9.1%	8.1%	10.6%	9.0%	8.9%
HV 20d	33.3%	28.0%	38.6%	37.4%	28.0%
HV 60d	32.9%	32.3%	33.6%	32.7%	33.6%
IV Rank	11.5%	0.0%	26.6%	8.0%	10.1%
IV Percentile	9.5%	0.0%	41.8%	1.3%	4.4%
Term Structure	0.6%	-2.4%	3.9%	3.9%	-1.4%
VWIV	32.0%	27.3%	37.6%	31.8%	31.2%
Skew 25d	4.4%	2.7%	7.1%	7.1%	3.0%
Skew 10d	13.8%	6.0%	23.5%	14.4%	7.0%
Call IV 25d	30.0%	26.6%	33.5%	29.3%	29.2%
Put IV 25d	34.4%	30.9%	39.5%	36.3%	32.2%
Bid-Ask Spread %	74.13	60.75	86.44	86.44	79.56
Gamma HHI	0.23	0.16	0.35	0.28	0.16
Net GEX	217.5K	151.9K	313.1K	243.1K	243.9K
Net DEX	-6.0M	-9.1M	-3.5M	-5.0M	-8.8M
Net VEX	-22.9K	-29.9K	-20.5K	-21.9K	-29.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.85	0.00	22.67	0.06	0.00
Total Volume	70.7	3	233	19	44
Total OI	2,182.4	1,508	2,693	2,422	2,034

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
2019-11-01	$98.74	$95.00	31.3%	9.0%	37.4%	8.0%	31.8%	7.1%	3.9%	243.1K	-5.0M	-21.9K	0.06	86.44	18	1	1,185	1,237
2019-11-04	$96.04	$90.00	36.4%	10.6%	38.6%	22.0%	35.3%	6.0%	-0.2%	230.9K	-3.8M	-21.0K	0.08	60.75	48	4	1,179	1,237
2019-11-05	$95.55	$90.00	37.1%	9.8%	36.1%	24.0%	35.0%	5.0%	1.2%	237.4K	-3.7M	-20.9K	2.50	64.77	4	10	1,181	1,239
2019-11-06	$95.49	$90.00	38.1%	10.0%	35.3%	26.6%	37.6%	6.9%	0.7%	246.1K	-3.6M	-20.5K	22.67	66.04	3	68	1,184	1,241
2019-11-07	$95.38	$90.00	35.9%	9.8%	35.0%	20.5%	32.8%	6.3%	0.8%	248.1K	-3.5M	-20.7K	0.02	69.69	102	2	1,184	1,304
2019-11-08	$96.43	$90.00	32.2%	9.6%	34.8%	10.6%	0.0%	3.8%	0.4%	313.1K	-4.4M	-21.8K	0.50	63.32	2	1	1,281	1,304
2019-11-11	$99.26	$90.00	36.5%	9.4%	35.8%	22.4%	34.4%	2.9%	0.7%	293.6K	-5.7M	-21.2K	0.17	74.00	12	2	1,281	1,309
2019-11-12	$102.66	$90.00	27.3%	9.0%	37.2%	0.0%	33.9%	4.6%	0.4%	243.4K	-7.4M	-21.2K	0.82	71.41	33	27	1,289	1,310
2019-11-13	$102.86	$95.00	31.2%	8.9%	36.7%	10.3%	31.2%	4.7%	0.9%	217.3K	-7.4M	-21.2K	1.00	70.37	9	9	1,300	1,330
2019-11-14	$103.10	$95.00	31.2%	8.9%	36.4%	10.1%	31.8%	3.1%	0.1%	198.9K	-7.4M	-21.1K	2.68	67.28	28	75	1,293	1,339
2019-11-15	$102.10	$100.00	31.3%	9.0%	31.3%	10.5%	32.3%	3.9%	1.2%	153.7K	-6.9M	-21.3K	1.67	74.67	24	40	1,295	1,398
2019-11-18	$102.66	$100.00	29.9%	8.6%	31.3%	6.8%	31.3%	5.1%	0.5%	157.6K	-4.4M	-21.1K	3.47	76.60	15	52	1,011	497
2019-11-19	$103.25	$100.00	31.6%	9.1%	29.9%	11.4%	32.9%	5.1%	-2.4%	151.9K	-4.6M	-21.8K	0.15	80.39	48	7	1,019	549
2019-11-20	$104.69	$100.00	31.1%	8.9%	30.0%	9.9%	32.3%	3.8%	0.3%	159.0K	-5.0M	-22.4K	0.03	74.60	147	5	1,061	553
2019-11-21	$106.75	$100.00	31.8%	9.1%	29.4%	11.8%	29.1%	3.1%	-0.6%	177.9K	-5.9M	-25.4K	0.05	84.27	56	3	1,177	557
2019-11-22	$107.77	$100.00	29.4%	8.4%	29.3%	5.4%	30.4%	3.5%	-0.0%	190.4K	-6.2M	-25.2K	0.04	79.82	70	3	1,181	556
2019-11-25	$113.58	$100.00	28.5%	8.2%	33.2%	3.2%	29.4%	2.9%	1.3%	206.1K	-8.5M	-26.0K	0.92	79.64	61	56	1,240	557
2019-11-26	$114.15	$100.00	28.9%	8.3%	31.7%	4.1%	28.3%	2.7%	1.1%	200.5K	-8.6M	-26.5K	0.11	75.31	83	9	1,256	586
2019-11-27	$115.09	$100.00	28.3%	8.1%	28.7%	2.5%	27.3%	4.3%	3.1%	236.8K	-9.1M	-27.0K	0.04	83.77	223	10	1,326	588
2019-11-29	$113.17	$100.00	31.2%	8.9%	28.0%	10.1%	31.2%	3.0%	-1.4%	243.9K	-8.8M	-29.9K	0.00	79.56	44	0	1,439	595