APPF Options History — February 2021

In February 2021, APPF traded between $156.67 and $182.25. ATM implied volatility averaged 53.6%, placing in the 20.5% IV rank vs the trailing year. The 30-day expected move averaged 15.9%. IV traded above realized volatility by 6.7% (HV 20d: 47.0%). Max pain ranged from $140.00 to $165.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 1.38.

Notable Days

2021-02-08: Highest Volume — 310 contracts
2021-02-10: Largest IV spike — 30.1% change
2021-02-26: Highest IV Rank — 27.4%
2021-02-26: Largest Expected Move — 18.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$167.40	$156.67	$182.25	$156.67	$165.49
Max Pain	$146.58	$140.00	$165.00	$165.00	$150.00
ATM IV	53.6%	42.1%	63.0%	47.4%	63.0%
Expected Move	15.9%	13.2%	18.1%	13.6%	18.1%
HV 20d	47.0%	37.7%	58.1%	42.8%	56.2%
HV 60d	45.0%	41.3%	47.6%	45.7%	46.5%
IV Rank	20.5%	11.6%	27.4%	20.3%	27.4%
IV Percentile	48.8%	2.0%	80.2%	25.4%	80.2%
Term Structure	-2.4%	-7.8%	6.9%	5.4%	-6.9%
VWIV	55.5%	42.9%	65.3%	47.3%	61.5%
Skew 25d	5.7%	3.2%	18.8%	18.8%	3.7%
Skew 10d	19.2%	1.1%	38.4%	1.1%	4.3%
Call IV 25d	53.0%	32.1%	60.8%	32.1%	60.6%
Put IV 25d	58.7%	50.9%	65.2%	50.9%	64.3%
Bid-Ask Spread %	74.83	67.05	91.48	90.73	76.35
Gamma HHI	0.38	0.11	0.67	0.33	0.11
Net GEX	532.1K	38.3K	1.4M	289.6K	46.6K
Net DEX	-6.0M	-18.5M	-1.1M	-2.5M	-1.9M
Net VEX	-31.6K	-41.8K	-24.1K	-31.5K	-27.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.38	0.02	5.75	0.02	0.79
Total Volume	98.526	22	310	113	34
Total OI	2,368.895	1,306	2,859	2,456	1,459

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
2021-02-01	$156.67	$165.00	47.4%	13.6%	42.8%	20.3%	47.3%	18.8%	5.4%	289.6K	-2.5M	-31.5K	0.02	90.73	111	2	1,872	584
2021-02-02	$158.45	$165.00	45.9%	13.2%	42.9%	18.7%	42.9%	10.5%	6.8%	327.2K	-2.3M	-31.3K	2.00	91.48	16	32	1,937	585
2021-02-03	$156.86	$165.00	46.6%	13.4%	42.2%	19.5%	48.8%	3.6%	6.9%	261.6K	-1.7M	-29.9K	0.39	89.16	133	52	1,941	581
2021-02-04	$159.98	$140.00	46.0%	15.2%	42.6%	18.7%	53.2%	3.6%	-0.9%	365.0K	-4.0M	-33.5K	0.79	67.20	28	22	2,047	627
2021-02-05	$157.36	$140.00	46.2%	15.3%	42.8%	18.4%	53.2%	3.2%	-1.6%	267.4K	-2.6M	-30.6K	0.19	73.69	103	20	2,047	613
2021-02-08	$165.88	$140.00	44.8%	15.3%	47.4%	16.4%	52.0%	5.9%	-2.4%	570.1K	-6.4M	-33.1K	2.52	67.05	88	222	2,031	605
2021-02-09	$172.75	$140.00	42.1%	15.2%	39.1%	11.6%	51.8%	5.0%	-2.7%	908.5K	-10.5M	-41.6K	1.15	67.95	106	122	2,059	800
2021-02-10	$179.43	$140.00	54.8%	15.7%	40.2%	25.3%	55.2%	3.6%	-3.2%	1.3M	-16.8M	-41.8K	0.26	67.57	136	35	2,072	728
2021-02-11	$181.72	$140.00	54.9%	15.7%	37.7%	17.0%	56.0%	6.3%	-3.3%	1.3M	-18.0M	-41.4K	0.25	67.24	106	27	2,068	744
2021-02-12	$182.25	$140.00	54.9%	15.7%	37.7%	17.0%	56.3%	3.4%	-3.6%	1.4M	-18.5M	-39.9K	0.14	69.16	37	5	2,047	756
2021-02-16	$168.42	$140.00	57.8%	16.6%	48.5%	20.8%	57.6%	3.4%	-4.4%	714.2K	-5.8M	-31.0K	1.09	69.59	35	38	2,048	756
2021-02-17	$171.62	$145.00	56.3%	16.1%	48.4%	18.8%	59.4%	7.4%	-2.0%	553.0K	-4.9M	-28.5K	1.36	75.54	22	30	2,037	789
2021-02-18	$170.92	$145.00	57.9%	16.6%	48.3%	20.9%	57.3%	3.5%	-3.5%	794.3K	-5.5M	-28.0K	0.14	68.72	44	6	2,030	775
2021-02-19	$174.07	$145.00	57.7%	16.5%	47.8%	20.6%	55.2%	4.4%	-4.9%	868.2K	-5.8M	-27.1K	0.92	70.49	13	12	2,025	764
2021-02-22	$160.91	$145.00	61.3%	17.6%	56.3%	25.2%	63.6%	3.4%	-6.4%	62.3K	-1.7M	-24.1K	5.75	73.48	16	92	795	511
2021-02-23	$162.03	$150.00	61.2%	17.6%	56.3%	25.2%	59.2%	3.3%	-7.8%	38.3K	-1.1M	-25.0K	2.95	76.71	21	62	803	602
2021-02-24	$169.01	$145.00	58.2%	16.7%	58.1%	21.2%	57.8%	7.6%	-5.2%	71.9K	-2.8M	-27.5K	3.40	79.50	5	17	814	610
2021-02-25	$166.78	$145.00	61.8%	17.7%	56.9%	25.9%	65.3%	8.3%	-5.9%	51.3K	-1.9M	-26.9K	2.14	80.10	7	15	814	633
2021-02-26	$165.49	$150.00	63.0%	18.1%	56.2%	27.4%	61.5%	3.7%	-6.9%	46.6K	-1.9M	-27.8K	0.79	76.35	19	15	814	645