APPF Options History — January 2021

In January 2021, APPF traded between $152.76 and $179.28. ATM implied volatility averaged 49.0%, placing in the 22.5% IV rank vs the trailing year. The 30-day expected move averaged 13.6%. IV traded above realized volatility by 4.7% (HV 20d: 44.3%). Max pain ranged from $160.00 to $180.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 1.00.

Notable Days

2021-01-19: Highest Volume — 651 contracts
2021-01-11: Largest IV spike — 30.4% change
2021-01-11: Highest IV Rank — 41.2%
2021-01-27: Largest Expected Move — 15.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$161.55	$152.76	$179.28	$176.46	$152.76
Max Pain	$170.53	$160.00	$180.00	$180.00	$165.00
ATM IV	49.0%	43.9%	65.3%	52.5%	48.6%
Expected Move	13.6%	12.6%	15.0%	14.0%	13.9%
HV 20d	44.3%	37.9%	51.1%	41.3%	41.2%
HV 60d	48.3%	46.5%	50.0%	46.7%	47.4%
IV Rank	22.5%	16.4%	41.2%	27.4%	21.6%
IV Percentile	32.6%	11.5%	83.7%	47.6%	32.5%
Term Structure	4.5%	-0.4%	8.8%	-0.4%	7.2%
VWIV	48.5%	43.4%	53.7%	53.7%	48.8%
Skew 25d	5.8%	2.1%	18.1%	5.0%	18.1%
Skew 10d	26.9%	9.2%	44.0%	27.9%	17.4%
Call IV 25d	46.9%	33.9%	56.7%	48.2%	33.9%
Put IV 25d	52.7%	49.6%	59.8%	53.3%	52.0%
Bid-Ask Spread %	76.41	67.64	90.65	67.64	90.65
Gamma HHI	0.20	0.09	0.43	0.11	0.31
Net GEX	198.6K	-18.7K	470.0K	265.3K	243.6K
Net DEX	-3.0M	-10.1M	1.9M	-8.8M	-1.8M
Net VEX	-26.5K	-38.4K	-17.1K	-26.5K	-32.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.00	0.01	5.57	0.97	0.24
Total Volume	171.526	11	651	71	42
Total OI	2,010.211	1,115	2,431	1,661	2,431

Daily Data (19 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
2021-01-04	$176.46	$180.00	52.5%	14.0%	41.3%	27.4%	53.7%	5.0%	-0.4%	265.3K	-8.8M	-26.5K	0.97	67.64	36	35	1,235	426
2021-01-05	$179.28	$180.00	48.0%	13.7%	41.3%	22.5%	47.1%	4.9%	2.1%	277.7K	-10.1M	-26.2K	0.29	72.95	28	8	1,246	440
2021-01-06	$174.81	$180.00	48.3%	13.1%	41.4%	22.8%	47.2%	2.1%	2.7%	246.5K	-8.1M	-25.6K	0.38	68.92	8	3	1,218	448
2021-01-07	$175.10	$180.00	46.1%	13.0%	41.3%	20.4%	49.0%	4.5%	3.4%	233.4K	-7.9M	-24.0K	0.01	68.80	509	3	1,220	450
2021-01-08	$173.83	$180.00	50.0%	12.9%	41.4%	24.7%	47.4%	4.9%	3.2%	470.0K	-8.9M	-27.0K	2.94	68.86	16	47	1,678	449
2021-01-11	$159.96	$180.00	65.3%	14.7%	49.8%	41.2%	50.6%	3.8%	1.7%	205.5K	-1.8M	-19.3K	0.84	74.59	179	151	1,685	484
2021-01-12	$157.63	$170.00	53.6%	13.6%	49.3%	27.3%	48.5%	3.6%	0.8%	84.7K	-10.8K	-19.4K	1.38	72.59	37	51	1,629	584
2021-01-13	$152.76	$170.00	49.0%	14.0%	49.4%	22.2%	49.9%	5.8%	3.0%	80.3K	1.7M	-17.1K	5.57	70.06	37	206	1,650	615
2021-01-14	$154.60	$170.00	46.9%	13.4%	49.8%	19.9%	47.8%	5.1%	7.8%	29.6K	1.7M	-21.4K	0.41	72.14	34	14	1,668	752
2021-01-15	$152.96	$170.00	47.1%	13.5%	49.8%	20.2%	49.9%	7.1%	5.2%	-12.2K	1.9M	-21.3K	1.45	73.69	51	74	1,681	735
2021-01-19	$156.06	$165.00	46.2%	13.3%	50.4%	19.2%	43.4%	9.1%	4.1%	-18.7K	577.5K	-21.3K	0.01	77.82	643	8	649	466
2021-01-20	$158.91	$160.00	43.9%	12.6%	51.1%	16.4%	44.8%	5.5%	5.6%	173.7K	-1.8M	-29.5K	0.12	76.89	141	17	1,229	472
2021-01-21	$155.89	$165.00	44.2%	12.7%	50.3%	16.8%	46.4%	6.3%	8.8%	160.2K	-1.3M	-28.4K	1.21	78.26	19	23	1,313	483
2021-01-22	$156.66	$165.00	44.6%	12.8%	38.3%	17.2%	44.6%	5.1%	8.3%	158.2K	-1.1M	-28.1K	0.49	80.00	43	21	1,323	501
2021-01-25	$155.85	$165.00	47.8%	13.7%	38.0%	20.7%	47.2%	6.5%	4.7%	149.4K	-1.3M	-28.9K	0.03	80.39	522	17	1,332	522
2021-01-26	$155.78	$165.00	46.8%	13.4%	37.9%	19.6%	50.7%	7.4%	4.5%	277.8K	-2.1M	-32.8K	1.75	84.53	36	63	1,821	531
2021-01-27	$161.92	$165.00	52.1%	15.0%	39.6%	25.6%	53.6%	3.1%	5.8%	416.2K	-4.8M	-38.4K	0.28	87.23	85	24	1,828	576
2021-01-28	$158.17	$165.00	49.5%	14.2%	40.0%	22.6%	50.4%	2.7%	6.0%	332.7K	-3.4M	-35.9K	0.56	85.68	18	10	1,851	573
2021-01-29	$152.76	$165.00	48.6%	13.9%	41.2%	21.6%	48.8%	18.1%	7.2%	243.6K	-1.8M	-32.5K	0.24	90.65	34	8	1,853	578