APPF Options History — November 2020

In November 2020, APPF traded between $141.92 and $163.90. ATM implied volatility averaged 50.5%, placing in the 25.1% IV rank vs the trailing year. The 30-day expected move averaged 14.0%. IV traded below realized volatility by 4.9% (HV 20d: 55.4%). Max pain ranged from $130.00 to $170.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 1.36.

Notable Days

2020-11-09: Highest Volume — 346 contracts
2020-11-27: Largest IV spike — 11.7% change
2020-11-02: Highest IV Rank — 45.2%
2020-11-02: Largest Expected Move — 19.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$150.48	$141.92	$163.90	$141.92	$161.97
Max Pain	$164.75	$130.00	$170.00	$150.00	$170.00
ATM IV	50.5%	42.7%	68.9%	68.9%	49.8%
Expected Move	14.0%	12.2%	19.8%	19.8%	14.3%
HV 20d	55.4%	41.2%	60.4%	41.2%	56.5%
HV 60d	44.2%	38.2%	47.2%	38.2%	44.5%
IV Rank	25.1%	16.7%	45.2%	45.2%	24.4%
IV Percentile	43.2%	22.6%	86.1%	86.1%	39.3%
Term Structure	-2.3%	-10.7%	1.9%	-10.0%	-5.7%
VWIV	49.5%	40.7%	62.2%	62.2%	47.2%
Skew 25d	5.8%	-0.0%	13.9%	13.9%	2.0%
Skew 10d	16.0%	-1.3%	51.1%	21.7%	20.1%
Call IV 25d	47.2%	39.9%	60.1%	60.1%	48.9%
Put IV 25d	53.0%	46.1%	74.0%	74.0%	50.9%
Bid-Ask Spread %	81.68	59.96	88.75	75.95	83.56
Gamma HHI	0.16	0.10	0.35	0.12	0.14
Net GEX	51.4K	-80.8K	127.3K	36.0K	90.4K
Net DEX	-1.2M	-4.4M	1.1M	-202.7K	-3.7M
Net VEX	-19.5K	-23.9K	-15.3K	-19.6K	-21.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.36	0.02	4.75	3.33	0.61
Total Volume	73.6	7	346	13	137
Total OI	1,508.05	972	1,857	1,379	1,050

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2020-11-02	$141.92	$150.00	68.9%	19.8%	41.2%	45.2%	62.2%	13.9%	-10.0%	36.0K	-202.7K	-19.6K	3.33	75.95	3	10	846	533
2020-11-03	$151.82	$150.00	65.0%	18.6%	47.3%	40.9%	61.6%	11.0%	-10.7%	68.3K	-1.9M	-21.5K	0.19	80.96	64	12	846	533
2020-11-04	$156.77	$150.00	60.8%	17.4%	48.5%	36.3%	58.8%	6.5%	-6.8%	95.0K	-3.1M	-22.7K	4.75	85.96	4	19	878	549
2020-11-05	$161.55	$130.00	59.2%	14.8%	49.5%	34.6%	50.3%	4.6%	-3.1%	118.9K	-3.9M	-23.2K	1.72	59.96	18	31	880	560
2020-11-06	$163.90	$170.00	59.8%	14.6%	49.6%	35.2%	61.9%	6.7%	-1.7%	127.3K	-4.4M	-23.9K	0.16	64.20	92	15	889	583
2020-11-09	$150.24	$170.00	57.1%	14.4%	57.9%	32.3%	43.3%	13.7%	-2.9%	63.5K	-1.2M	-20.9K	0.19	86.41	290	56	925	597
2020-11-10	$151.17	$170.00	51.8%	12.9%	57.5%	26.6%	51.5%	6.1%	-0.5%	66.3K	-1.2M	-20.8K	0.38	80.59	56	21	1,154	646
2020-11-11	$149.62	$170.00	46.0%	13.2%	57.2%	20.3%	52.7%	6.3%	-4.5%	67.3K	-926.0K	-19.9K	1.00	78.16	11	11	1,181	637
2020-11-12	$144.54	$170.00	46.7%	13.4%	58.1%	21.1%	44.4%	6.7%	-1.7%	34.7K	247.2K	-17.9K	3.75	88.75	4	15	1,177	634
2020-11-13	$144.88	$170.00	44.4%	12.7%	58.1%	18.6%	0.0%	3.8%	0.0%	49.7K	262.1K	-18.6K	1.25	86.99	16	20	1,175	649
2020-11-16	$144.41	$170.00	45.1%	12.9%	57.5%	19.4%	0.0%	4.0%	-0.2%	14.3K	422.9K	-17.2K	0.17	83.99	6	1	1,173	643
2020-11-17	$147.90	$170.00	44.5%	12.8%	58.4%	18.7%	44.6%	4.1%	-0.7%	5.2K	-396.9K	-17.5K	0.12	80.34	33	4	1,173	644
2020-11-18	$142.85	$170.00	45.7%	13.1%	59.4%	20.0%	45.6%	3.2%	0.2%	26.2K	1.1M	-15.3K	2.33	84.82	9	21	1,191	643
2020-11-19	$149.25	$170.00	42.7%	12.2%	59.7%	16.7%	42.2%	7.9%	-0.6%	-80.8K	-879.9K	-17.3K	2.76	87.41	17	47	1,195	662
2020-11-20	$150.62	$170.00	42.7%	12.2%	59.5%	16.7%	44.5%	-0.0%	0.7%	-70.1K	-1.2M	-17.5K	0.18	84.26	186	33	1,195	658
2020-11-23	$146.08	$165.00	43.6%	12.5%	60.4%	17.7%	40.7%	3.2%	1.3%	73.3K	-562.9K	-18.0K	1.75	84.06	40	70	650	322
2020-11-24	$144.35	$170.00	43.9%	12.6%	59.3%	18.0%	44.2%	1.8%	1.6%	76.1K	-235.0K	-18.3K	2.00	83.89	6	12	679	344
2020-11-25	$149.93	$170.00	43.3%	12.4%	55.4%	17.3%	42.5%	4.4%	1.9%	81.3K	-1.1M	-19.4K	0.63	87.48	16	10	685	351
2020-11-27	$155.75	$170.00	48.4%	13.9%	57.0%	22.8%	52.1%	6.8%	-3.2%	86.0K	-2.1M	-19.9K	0.02	85.83	55	1	687	344
2020-11-30	$161.97	$170.00	49.8%	14.3%	56.5%	24.4%	47.2%	2.0%	-5.7%	90.4K	-3.7M	-21.2K	0.61	83.56	85	52	705	345