APPF Options History — March 2020

In March 2020, APPF traded between $84.70 and $121.71. ATM implied volatility averaged 83.4%, placing in the 75.1% IV rank vs the trailing year. The 30-day expected move averaged 23.2%. IV traded below realized volatility by 10.4% (HV 20d: 93.8%). Max pain ranged from $95.00 to $125.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 3.03.

Notable Days

  • 2020-03-02: Highest Volume — 197 contracts
  • 2020-03-12: Largest IV spike — 40.7% change
  • 2020-03-09: Highest IV Rank — 100.0%
  • 2020-03-16: Largest Expected Move — 34.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$103.78$84.70$121.71$121.71$109.72
Max Pain$102.05$95.00$125.00$125.00$95.00
ATM IV83.4%48.5%119.5%68.3%77.7%
Expected Move23.2%13.9%34.3%19.6%22.3%
HV 20d93.8%33.9%145.9%40.1%145.9%
HV 60d59.6%28.3%87.0%28.5%86.8%
IV Rank75.1%44.5%100.0%86.0%54.7%
IV Percentile97.3%84.1%100.0%99.6%94.4%
Term Structure-9.4%-35.7%7.5%-14.1%-1.0%
VWIV76.1%48.2%111.5%66.5%70.4%
Skew 25d15.7%8.0%28.5%18.1%9.3%
Skew 10d39.3%14.8%85.7%14.8%28.6%
Call IV 25d74.0%43.8%108.5%56.9%77.9%
Put IV 25d89.8%54.2%127.9%75.0%87.3%
Bid-Ask Spread %69.5548.7787.9572.8684.30
Gamma HHI0.130.100.290.120.12
Net GEX71.0K-18.0K145.1K96.2K145.1K
Net DEX-1.6M-4.4M1.8M-4.4M-4.2M
Net VEX-17.0K-24.3K-9.6K-23.9K-16.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.030.0516.830.740.09
Total Volume71.3181119719738
Total OI1,4601,1011,6671,4881,199

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-03-02$121.71$125.0068.3%19.6%40.1%86.0%66.5%18.1%-14.1%96.2K-4.4M-23.9K0.7472.86113841,082406
2020-03-03$121.07$125.0052.7%15.1%39.8%53.2%52.0%13.2%-4.6%76.6K-4.0M-24.3K0.2785.5397261,151516
2020-03-04$120.47$125.0048.5%13.9%36.5%44.5%48.2%8.0%-4.3%74.9K-3.9M-23.3K0.6087.951061,119515
2020-03-05$119.94$100.0053.3%14.0%35.5%54.5%52.3%10.5%-2.8%67.0K-3.7M-23.5K4.4069.315221,120514
2020-03-06$116.86$100.0065.1%15.6%33.9%79.3%54.1%11.9%-7.3%66.0K-2.7M-22.5K0.8676.7014121,120500
2020-03-09$106.90$100.0081.7%19.0%44.4%100.0%57.3%21.1%-9.8%42.5K-490.1K-18.9K0.4775.1047221,109501
2020-03-10$106.88$100.0087.1%18.6%44.4%100.0%0.0%14.7%-7.3%42.0K-267.1K-18.0K1.1561.1613151,084492
2020-03-11$99.35$100.0062.6%18.0%48.6%59.1%57.4%14.3%-5.2%43.6K1.0M-14.8K3.5075.646211,086492
2020-03-12$86.43$100.0088.1%25.3%65.1%100.0%87.1%16.4%-10.4%34.6K1.8M-11.4K1.4351.9368971,080475
2020-03-13$96.48$100.0092.3%26.4%80.0%100.0%99.5%28.5%-17.4%49.4K439.7K-15.0K1.0455.6926271,126442
2020-03-16$86.89$100.00119.5%34.3%84.8%100.0%79.3%19.4%-35.7%42.9K905.7K-12.8K7.9356.93141111,142437
2020-03-17$103.19$100.0089.6%25.7%109.2%67.5%88.4%17.9%-14.8%43.4K-525.1K-17.5K7.4448.77161191,137473
2020-03-18$84.70$100.00105.0%30.1%125.4%84.3%111.5%22.8%-16.3%45.3K562.9K-11.8K10.3864.71161661,136381
2020-03-19$94.55$100.00107.3%30.8%134.5%86.8%98.7%18.9%-24.2%-18.0K212.5K-15.2K5.5060.024221,134505
2020-03-20$88.40$100.0095.6%27.4%134.7%74.1%92.5%12.8%-17.9%62.4K1.8M-11.7K3.1756.4312381,137505
2020-03-23$89.74$100.0091.2%26.1%135.0%69.3%57.7%9.2%-3.2%64.8K-200.0K-9.6K16.8368.636101928220
2020-03-24$100.88$95.0075.9%21.8%143.2%52.7%70.7%11.5%7.5%107.1K-2.3M-14.0K0.0574.94583930171
2020-03-25$108.02$95.00101.2%29.0%145.9%80.1%95.5%20.5%-8.1%109.0K-4.1M-17.3K0.2282.755512979174
2020-03-26$106.96$95.0093.0%26.7%145.6%71.2%93.6%11.2%-8.7%119.8K-3.8M-17.2K0.2274.29921,016181
2020-03-27$105.97$95.0091.9%26.3%145.6%70.1%89.0%18.1%-1.7%118.0K-3.7M-17.1K0.2272.75921,024180
2020-03-30$108.12$95.0087.5%25.1%145.7%65.3%76.8%17.8%0.2%129.2K-3.9M-17.1K0.0973.692321,021180
2020-03-31$109.72$95.0077.7%22.3%145.9%54.7%70.4%9.3%-1.0%145.1K-4.2M-16.5K0.0984.303531,019180