APPF Options History — April 2020

In April 2020, APPF traded between $86.15 and $110.42. ATM implied volatility averaged 74.6%, placing in the 51.3% IV rank vs the trailing year. The 30-day expected move averaged 21.4%. IV traded below realized volatility by 40.9% (HV 20d: 115.5%). Max pain ranged from $95.00 to $115.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 3.85.

Notable Days

  • 2020-04-28: Highest Volume — 387 contracts
  • 2020-04-27: Largest IV drop — 17.2% change
  • 2020-04-02: Highest IV Rank — 77.9%
  • 2020-04-01: Largest Expected Move — 27.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$100.29$86.15$110.42$97.77$109.56
Max Pain$99.52$95.00$115.00$95.00$105.00
ATM IV74.6%56.5%99.1%96.3%56.5%
Expected Move21.4%16.2%27.6%27.6%16.2%
HV 20d115.5%76.5%154.1%151.1%76.5%
HV 60d95.5%90.0%99.3%90.0%98.9%
IV Rank51.3%31.7%77.9%74.8%31.7%
IV Percentile90.5%82.1%98.4%98.4%82.1%
Term Structure-7.2%-18.8%1.0%-14.2%-1.0%
VWIV77.5%58.4%106.1%93.2%58.4%
Skew 25d13.9%3.1%31.5%15.4%9.8%
Skew 10d32.5%2.8%78.4%78.4%45.5%
Call IV 25d66.8%52.8%82.7%82.7%57.1%
Put IV 25d80.7%55.9%99.2%98.1%66.9%
Bid-Ask Spread %73.5249.3098.9691.7284.64
Gamma HHI0.170.120.450.130.12
Net GEX99.3K46.6K249.2K113.7K75.8K
Net DEX-1.8M-5.3M-220.5K-2.0M-2.2M
Net VEX-11.6K-13.9K-8.6K-13.4K-13.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.850.0063.500.001.90
Total Volume55.1973871529
Total OI1,1368221,4231,2321,276

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-04-01$97.77$95.0096.3%27.6%151.1%74.8%93.2%15.4%-14.2%113.7K-2.0M-13.4K0.0091.721501,050182
2020-04-02$89.58$115.0099.1%24.3%153.5%77.9%91.4%11.7%-10.1%82.1K-743.8K-10.1K0.2250.503271,057182
2020-04-03$86.15$105.0094.7%25.9%153.7%73.1%81.2%22.6%-18.8%66.5K-220.5K-8.6K2.0049.306121,063184
2020-04-06$90.26$95.0080.4%23.4%152.6%57.6%67.6%12.6%-10.2%86.9K-430.9K-9.0K0.0960.233431,063196
2020-04-07$93.62$95.0068.1%23.8%153.4%44.3%82.5%22.0%-11.7%112.6K-809.6K-9.7K1.3363.54341,084197
2020-04-08$101.17$95.0074.0%21.2%154.1%50.6%78.5%14.2%-1.8%142.8K-2.1M-12.1K0.7560.721291,083199
2020-04-09$98.47$95.0077.4%22.2%145.5%54.3%78.0%11.5%-9.0%146.8K-1.8M-11.2K0.3875.482181,086204
2020-04-13$94.45$95.0072.9%20.9%141.0%49.5%83.0%31.5%-2.9%125.3K-1.2M-8.8K0.8264.401191,080155
2020-04-14$101.18$95.0073.5%21.1%137.5%50.1%74.3%7.6%1.0%179.5K-2.6M-10.5K1.2959.5417221,088163
2020-04-15$104.62$100.0073.7%21.1%123.7%50.3%76.0%12.5%-3.2%187.4K-3.4M-11.1K0.1367.156081,096185
2020-04-16$100.71$100.0078.9%22.6%100.6%56.0%0.0%10.8%-17.0%249.2K-2.9M-10.5K0.0270.969821,151189
2020-04-17$107.29$100.0068.0%19.5%95.6%44.1%72.2%13.1%-3.1%50.5K-5.3M-10.9K0.1773.35184311,234189
2020-04-20$104.93$100.0071.0%20.4%92.3%47.5%70.1%21.2%-5.3%55.9K-1.6M-13.1K1.5083.70812664158
2020-04-21$100.22$100.0074.8%21.4%94.2%51.5%73.6%6.9%-8.1%46.6K-1.3M-12.2K0.0083.02240672160
2020-04-22$101.02$100.0075.1%21.5%84.6%51.9%83.9%11.5%-10.3%52.7K-1.5M-12.8K2.0078.2736692160
2020-04-23$103.46$100.0074.5%21.4%81.2%51.2%77.3%18.7%-5.9%55.9K-1.6M-13.3K0.0569.49191692164
2020-04-24$106.05$100.0070.3%20.1%81.7%46.6%65.8%13.9%-5.1%61.7K-1.8M-13.4K0.6479.56149693164
2020-04-27$103.78$100.0058.2%16.7%82.0%33.5%66.7%3.1%-0.9%61.2K-1.6M-12.7K0.2694.01195694165
2020-04-28$101.36$100.0067.8%19.4%82.0%43.9%106.1%9.6%-7.3%54.8K-1.3M-12.0K63.5098.966381712169
2020-04-29$110.42$100.0061.3%17.6%87.7%36.9%70.1%11.0%-6.1%76.5K-2.2M-13.8K0.0085.36015713548
2020-04-30$109.56$105.0056.5%16.2%76.5%31.7%58.4%9.8%-1.0%75.8K-2.2M-13.9K1.9084.641019715561