APPF Options History — September 2020

In September 2020, APPF traded between $139.78 and $170.49. ATM implied volatility averaged 51.7%, placing in the 26.5% IV rank vs the trailing year. The 30-day expected move averaged 14.8%. IV traded above realized volatility by 11.0% (HV 20d: 40.8%). Max pain ranged from $105.00 to $150.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.04.

Notable Days

  • 2020-09-28: Highest Volume — 195 contracts
  • 2020-09-03: Largest IV spike — 11.9% change
  • 2020-09-08: Highest IV Rank — 34.9%
  • 2020-09-08: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$147.36$139.78$170.49$170.49$141.66
Max Pain$119.05$105.00$150.00$150.00$140.00
ATM IV51.7%46.9%59.5%49.6%47.1%
Expected Move14.8%13.4%15.9%14.2%13.5%
HV 20d40.8%36.4%48.3%44.3%37.6%
HV 60d45.4%44.2%47.6%44.2%44.6%
IV Rank26.5%21.2%34.9%24.2%21.4%
IV Percentile53.8%36.9%74.2%51.2%36.9%
Term Structure3.2%-2.4%8.3%-0.2%8.3%
VWIV50.9%44.5%57.6%45.5%46.3%
Skew 25d7.1%3.3%11.8%4.6%7.9%
Skew 10d10.5%-4.5%32.3%7.7%12.3%
Call IV 25d49.6%45.9%55.4%49.2%45.9%
Put IV 25d56.7%53.5%63.0%53.7%53.8%
Bid-Ask Spread %85.0574.0491.3474.0491.34
Gamma HHI0.110.090.120.090.12
Net GEX159.2K112.6K240.7K240.7K135.6K
Net DEX-5.1M-11.8M-3.1M-11.8M-4.0M
Net VEX-25.6K-29.9K-22.2K-29.9K-28.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.040.033.750.031.23
Total Volume53.90521953729
Total OI1,594.811,4091,9121,5141,912

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-09-01$170.49$150.0049.6%14.2%44.3%24.2%45.5%4.6%-0.2%240.7K-11.8M-29.9K0.0374.043611,209305
2020-09-02$169.03$150.0046.9%13.4%42.0%21.2%51.7%3.4%2.3%240.7K-11.4M-29.7K0.5781.16741,218306
2020-09-03$155.08$105.0052.4%15.8%48.3%27.3%52.8%7.7%3.0%204.1K-7.5M-28.6K3.7582.494151,221306
2020-09-04$151.17$105.0055.1%15.4%42.2%30.1%56.2%4.3%5.8%177.7K-6.4M-27.2K0.4178.5534141,222321
2020-09-08$151.25$105.0059.5%15.9%42.2%34.9%55.8%4.5%4.2%173.4K-6.4M-26.2K1.5080.6436541,211332
2020-09-09$151.48$105.0054.5%15.6%42.2%29.6%0.0%10.2%2.8%166.5K-5.7M-28.3K2.0084.02481,213387
2020-09-10$146.77$105.0053.6%15.4%42.5%28.5%54.4%7.6%4.3%154.5K-4.4M-26.3K0.1186.812831,215394
2020-09-11$143.51$105.0052.7%15.1%42.5%27.6%57.6%8.2%4.2%144.9K-3.8M-25.2K0.2586.99411,231394
2020-09-14$146.49$105.0050.8%14.6%43.3%25.6%47.0%6.3%6.4%157.1K-4.4M-24.6K1.0083.38111,229394
2020-09-15$146.49$105.0050.9%14.6%40.6%25.6%48.9%6.6%2.6%157.3K-4.1M-23.7K2.6787.0312321,229395
2020-09-16$144.36$105.0050.6%14.5%40.7%25.3%51.4%5.0%-2.4%146.8K-3.8M-23.1K2.3385.756141,234396
2020-09-17$144.05$105.0050.2%14.4%40.3%24.9%50.9%3.3%5.5%141.0K-3.8M-22.5K0.7182.9334241,238388
2020-09-18$143.11$110.0051.1%14.7%39.3%25.9%50.4%7.9%1.9%121.3K-3.1M-22.2K0.8787.4055481,241407
2020-09-21$140.36$125.0050.9%14.6%39.5%25.6%49.4%8.8%5.6%112.6K-3.2M-22.7K0.0588.057841,060349
2020-09-22$142.41$125.0052.1%14.9%39.9%26.9%51.1%9.1%1.7%133.6K-4.1M-24.6K0.3086.1157171,121353
2020-09-23$140.47$125.0053.3%15.3%38.9%28.2%51.4%6.7%3.2%130.7K-3.7M-24.2K1.0687.3435371,152369
2020-09-24$140.38$130.0052.4%15.0%36.4%27.3%51.6%7.1%1.7%131.9K-3.5M-24.2K0.0487.622311,174385
2020-09-25$142.48$130.0053.8%15.4%37.6%28.7%44.5%7.6%0.2%145.3K-4.2M-24.8K0.1186.403641,190386
2020-09-28$143.74$130.0048.5%13.9%38.1%23.0%52.2%10.0%5.8%164.6K-4.6M-25.2K0.5591.03126691,226390
2020-09-29$139.78$135.0050.6%14.5%37.7%25.3%47.9%11.8%0.4%162.7K-3.8M-26.1K2.4086.9740961,336452
2020-09-30$141.66$140.0047.1%13.5%37.6%21.4%46.3%7.9%8.3%135.6K-4.0M-28.2K1.2391.3413161,372540