APPF Options History — January 2020

In January 2020, APPF traded between $112.34 and $132.41. ATM implied volatility averaged 30.7%, placing in the 9.1% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 11.7% (HV 20d: 19.0%). Max pain ranged from $95.00 to $120.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 1.49.

Notable Days

  • 2020-01-13: Highest Volume — 240 contracts
  • 2020-01-13: Largest IV spike — 20.4% change
  • 2020-01-06: Highest IV Rank — 18.5%
  • 2020-01-14: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$121.98$112.34$132.41$112.83$131.15
Max Pain$112.86$95.00$120.00$95.00$120.00
ATM IV30.7%27.3%34.3%29.6%32.6%
Expected Move8.8%8.3%9.6%8.5%9.3%
HV 20d19.0%15.1%23.0%21.8%16.3%
HV 60d26.0%21.9%29.6%29.6%21.9%
IV Rank9.1%0.0%18.5%6.1%14.0%
IV Percentile9.9%0.0%25.4%3.6%21.4%
Term Structure4.8%-0.5%8.8%2.0%5.8%
VWIV31.0%28.9%33.5%31.0%32.5%
Skew 25d2.6%-0.4%4.2%3.1%-0.4%
Skew 10d4.6%-16.5%17.5%5.9%-6.4%
Call IV 25d29.7%27.7%32.6%28.9%32.4%
Put IV 25d32.3%29.8%35.3%31.9%32.0%
Bid-Ask Spread %72.8459.3583.4773.9477.86
Gamma HHI0.240.190.310.260.20
Net GEX291.9K192.1K434.0K329.1K197.0K
Net DEX-9.0M-11.8M-6.7M-7.8M-8.6M
Net VEX-23.9K-26.1K-22.2K-23.1K-24.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.490.049.500.440.73
Total Volume63.85762401326
Total OI1,722.7141,2822,1721,8641,485

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-01-02$112.83$95.0029.6%8.5%21.8%6.1%31.0%3.1%2.0%329.1K-7.8M-23.1K0.4473.94941,431433
2020-01-03$112.34$95.0031.9%9.1%21.7%12.0%29.7%3.9%-0.5%333.5K-7.8M-23.3K0.2078.79511,438432
2020-01-06$112.72$110.0034.3%9.5%21.0%18.5%32.9%2.6%1.9%341.0K-7.9M-22.2K3.6059.355181,439433
2020-01-07$114.50$110.0032.3%9.2%21.6%13.2%32.8%3.5%4.0%368.5K-8.7M-22.7K3.7372.1015561,444433
2020-01-08$115.48$110.0029.6%8.7%21.7%5.9%33.5%4.2%4.7%399.5K-8.9M-23.3K0.0767.404331,453488
2020-01-09$118.66$110.0028.9%8.5%23.0%4.2%30.7%2.7%5.3%434.0K-10.3M-23.4K0.1865.792851,441491
2020-01-10$120.12$115.0027.3%8.5%21.9%0.0%31.0%4.1%4.0%425.4K-11.1M-23.0K0.2167.321431,442493
2020-01-13$121.05$115.0032.8%8.6%18.8%14.7%31.5%2.4%5.3%422.3K-11.6M-22.6K2.0069.45801601,449494
2020-01-14$121.38$115.0033.8%9.6%18.3%17.3%32.8%2.6%2.6%416.3K-11.7M-25.4K0.0770.92213151,506653
2020-01-15$121.38$115.0031.6%9.0%17.5%11.3%32.7%2.4%5.5%286.2K-11.5M-26.1K0.2177.7871151,506666
2020-01-16$122.82$115.0029.7%8.5%17.5%6.3%30.6%2.1%4.2%270.4K-11.7M-25.7K0.0477.157031,469679
2020-01-17$123.98$115.0028.8%8.3%17.5%4.1%29.1%1.4%4.0%274.8K-11.8M-24.4K0.0570.1311051,432680
2020-01-21$123.53$115.0030.6%8.8%17.9%8.7%30.5%2.4%4.9%192.1K-6.7M-24.0K0.3568.36207997285
2020-01-22$125.21$115.0030.7%8.8%18.0%9.0%0.0%1.9%6.1%203.2K-7.2M-23.6K4.3372.979391,008289
2020-01-23$125.62$115.0029.3%8.4%17.9%5.5%29.0%2.4%8.2%202.4K-7.1M-24.7K1.3878.128111,017328
2020-01-24$124.60$115.0030.0%8.6%18.2%7.3%31.1%3.3%7.0%200.9K-6.8M-24.6K9.5073.952191,021334
2020-01-27$125.36$115.0032.0%9.2%17.9%12.5%0.0%1.5%5.3%200.9K-7.1M-24.4K0.2973.80721,021335
2020-01-28$127.63$115.0030.3%8.7%18.4%8.1%29.0%2.1%5.5%215.6K-7.8M-23.5K1.9083.4710191,023336
2020-01-29$128.72$120.0029.3%8.4%15.1%5.2%29.6%3.6%8.8%211.7K-8.0M-23.7K1.7378.9652901,025353
2020-01-30$132.41$120.0029.8%8.5%16.6%6.7%28.9%2.1%7.0%205.3K-9.0M-24.3K0.1972.1358111,063432
2020-01-31$131.15$120.0032.6%9.3%16.3%14.0%32.5%-0.4%5.8%197.0K-8.6M-24.6K0.7377.8615111,050435