APPF Options History — December 2019

In December 2019, APPF traded between $105.61 and $114.63. ATM implied volatility averaged 31.6%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 7.3% (HV 20d: 24.3%). Max pain ranged from $95.00 to $100.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 1.04.

Notable Days

  • 2019-12-03: Highest Volume — 107 contracts
  • 2019-12-30: Largest IV spike — 11.2% change
  • 2019-12-10: Highest IV Rank — 17.8%
  • 2019-12-04: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$110.32$105.61$114.63$113.58$109.60
Max Pain$95.71$95.00$100.00$100.00$95.00
ATM IV31.6%28.7%34.0%33.9%30.2%
Expected Move9.0%8.2%9.7%9.7%8.6%
HV 20d24.3%17.9%27.9%27.9%18.9%
HV 60d30.9%29.0%33.5%33.5%29.2%
IV Rank11.3%3.7%17.8%17.3%7.5%
IV Percentile7.7%1.6%17.5%13.5%4.8%
Term Structure3.1%-0.7%6.5%-0.7%2.8%
VWIV31.7%27.9%35.5%35.5%29.3%
Skew 25d3.5%0.1%8.6%0.1%2.4%
Skew 10d6.5%-9.3%18.4%18.4%-9.3%
Call IV 25d29.8%22.8%35.8%35.8%29.5%
Put IV 25d33.2%30.8%36.0%35.9%31.9%
Bid-Ask Spread %69.2959.8383.8583.8574.45
Gamma HHI0.200.160.230.170.22
Net GEX261.1K233.3K294.5K255.1K280.3K
Net DEX-7.6M-9.7M-5.9M-9.0M-6.8M
Net VEX-26.3K-31.0K-22.0K-30.1K-22.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.040.005.500.560.22
Total Volume25.57111075611
Total OI2,060.5241,7812,1822,0631,858

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-12-02$113.58$100.0033.9%9.7%27.9%17.3%35.5%0.1%-0.7%255.1K-9.0M-30.1K0.5683.8536201,468595
2019-12-03$114.06$100.0033.9%9.7%24.8%17.4%33.0%6.6%-0.2%249.7K-9.1M-29.9K0.1181.6796111,464612
2019-12-04$114.63$100.0034.0%9.7%24.3%17.6%33.8%2.7%-0.7%282.4K-9.7M-31.0K0.1479.602231,555617
2019-12-05$112.84$95.0033.4%9.2%25.7%16.1%34.4%2.5%6.5%282.7K-9.0M-30.6K3.3362.653101,563618
2019-12-06$113.79$95.0031.1%8.9%25.4%10.0%30.9%3.3%6.1%288.1K-9.3M-30.1K0.2462.672971,561621
2019-12-09$113.31$95.0033.1%9.0%25.8%15.3%33.9%2.8%4.8%294.5K-9.2M-29.5K3.6761.183111,556617
2019-12-10$111.95$95.0034.0%9.3%25.5%17.8%31.4%2.9%3.4%286.3K-8.6M-28.6K0.1060.373031,557625
2019-12-11$110.06$95.0031.6%9.1%24.6%11.3%32.3%2.9%4.1%268.1K-7.8M-28.1K0.7359.8322161,556626
2019-12-12$107.23$95.0032.4%9.3%26.7%13.4%32.6%3.1%4.2%241.2K-6.5M-26.7K1.4462.9318261,545627
2019-12-13$106.58$95.0032.2%9.2%26.9%13.0%33.5%2.4%3.9%237.9K-6.3M-26.3K1.5062.2010151,545623
2019-12-16$105.61$95.0031.2%8.9%26.8%10.1%32.9%3.1%4.7%235.5K-5.9M-24.6K0.7064.2523161,550617
2019-12-17$106.94$95.0030.6%8.8%27.1%8.7%31.8%2.2%6.0%233.3K-6.6M-24.3K0.5069.361051,542620
2019-12-18$107.93$95.0029.9%8.6%27.2%6.7%30.0%2.5%4.4%236.7K-6.9M-24.3K0.3371.15621,543618
2019-12-19$108.47$95.0029.3%8.4%26.8%5.3%0.0%2.6%4.5%246.4K-7.2M-24.4K0.0069.07301,547614
2019-12-20$109.40$95.0029.0%8.3%26.2%4.4%29.6%7.0%6.2%261.2K-7.7M-23.7K0.7574.26861,544614
2019-12-23$110.94$95.0030.1%8.6%26.4%7.5%29.9%2.5%0.5%254.0K-6.9M-24.0K0.0764.541411,356425
2019-12-24$110.44$95.0032.3%9.3%18.3%13.2%29.5%5.7%0.3%255.4K-6.9M-23.6K5.5074.282111,369426
2019-12-26$110.16$95.0030.3%8.7%18.1%7.9%30.1%5.1%1.1%258.4K-6.5M-24.1K0.6770.99321,371426
2019-12-27$110.71$95.0028.7%8.2%17.9%3.7%27.9%8.6%2.5%285.3K-7.1M-23.4K0.0077.26011,412428
2019-12-30$108.43$95.0032.0%9.2%18.4%12.3%32.0%2.3%0.9%250.4K-6.1M-22.0K0.2268.561841,412428
2019-12-31$109.60$95.0030.2%8.6%18.9%7.5%29.3%2.4%2.8%280.3K-6.8M-22.2K0.2274.45921,427431