APPF Options History — March 2021

In March 2021, APPF traded between $132.10 and $162.49. ATM implied volatility averaged 50.8%, placing in the 12.6% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded below realized volatility by 21.3% (HV 20d: 72.1%). Max pain ranged from $150.00 to $160.00. Net GEX was positive for 1 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 1.71.

Notable Days

  • 2021-03-02: Highest Volume — 459 contracts
  • 2021-03-03: Largest IV spike — 19.9% change
  • 2021-03-03: Highest IV Rank — 28.4%
  • 2021-03-03: Largest Expected Move — 18.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$140.20$132.10$162.49$162.49$142.76
Max Pain$159.13$150.00$160.00$150.00$160.00
ATM IV50.8%42.1%63.8%60.4%46.5%
Expected Move14.3%12.1%18.3%17.3%13.3%
HV 20d72.1%35.3%83.1%55.1%35.3%
HV 60d57.3%46.4%59.4%46.4%56.8%
IV Rank12.6%0.8%28.4%24.0%8.4%
IV Percentile36.6%1.6%82.5%73.0%18.3%
Term Structure2.5%-8.5%6.1%2.4%2.0%
VWIV50.9%40.5%62.0%61.3%46.4%
Skew 25d7.4%2.9%19.0%11.3%7.5%
Skew 10d18.1%1.6%38.0%1.6%17.3%
Call IV 25d47.8%37.5%63.0%63.0%43.9%
Put IV 25d55.2%46.1%74.3%74.3%51.4%
Bid-Ask Spread %81.0469.0089.1078.0987.36
Gamma HHI0.260.120.330.120.30
Net GEX-81.4K-139.9K39.9K39.9K-136.5K
Net DEX3.2M-991.4K4.8M-991.4K2.5M
Net VEX-19.0K-25.1K-15.8K-25.1K-19.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.710.009.000.162.13
Total Volume61.652645917125
Total OI1,652.3041,4071,8861,4801,503

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-03-01$162.49$150.0060.4%17.3%55.1%24.0%61.3%11.3%2.4%39.9K-991.4K-25.1K0.1678.0914823827653
2021-03-02$137.31$150.0053.2%15.3%81.4%14.8%54.8%10.1%0.5%-35.3K4.0M-17.0K0.3986.45331128950667
2021-03-03$132.10$160.0063.8%18.3%81.8%28.4%62.0%19.0%-8.5%-72.2K4.7M-16.1K0.6789.102718972699
2021-03-04$132.39$160.0060.3%16.4%81.9%24.0%54.7%12.7%-1.8%-68.1K4.6M-15.8K1.8688.602852985684
2021-03-05$137.36$160.0053.4%14.5%82.9%15.1%50.9%4.4%0.4%-73.8K3.9M-18.0K2.2583.65818995717
2021-03-08$138.51$160.0058.4%14.6%83.1%21.5%53.8%5.6%0.7%-63.3K3.5M-18.4K0.0982.148071,000711
2021-03-09$143.83$160.0057.7%14.8%81.8%20.6%53.5%6.5%1.5%-35.0K2.5M-20.2K0.7369.0026191,050713
2021-03-10$141.48$160.0048.9%14.0%79.9%9.3%50.2%5.6%2.8%-50.8K3.0M-20.2K0.8073.7125201,066722
2021-03-11$143.76$160.0049.0%14.0%78.5%9.4%50.7%8.0%2.7%-43.6K2.5M-21.0K0.0873.911211,088727
2021-03-12$139.63$160.0051.9%14.9%78.2%13.1%52.0%5.1%1.1%-59.1K3.2M-19.6K1.1378.4324271,090728
2021-03-15$141.90$160.0049.5%14.2%78.7%10.1%50.3%7.7%4.4%-54.7K3.0M-19.7K1.8678.447131,101745
2021-03-16$141.42$160.0049.2%14.1%74.7%9.7%48.3%4.6%2.7%-62.0K3.0M-19.9K0.3879.262181,102757
2021-03-17$141.92$160.0048.8%14.0%74.2%10.9%48.1%6.9%2.8%-61.5K2.7M-20.1K1.5077.2510151,116751
2021-03-18$135.12$160.0050.2%14.4%75.4%13.1%55.7%7.8%4.9%-94.1K4.5M-17.5K9.0076.223271,119754
2021-03-19$137.42$160.0047.6%13.7%75.4%9.1%49.0%3.8%3.7%-111.0K4.8M-17.6K1.9778.1336711,122764
2021-03-22$141.12$160.0042.1%12.1%72.2%0.8%40.5%8.6%3.4%-133.0K2.8M-18.6K0.1188.32354755652
2021-03-23$141.00$160.0042.3%12.1%72.1%1.1%50.4%11.2%5.1%-120.0K2.7M-19.1K3.0086.4639783654
2021-03-24$138.46$160.0044.9%12.9%69.7%5.5%43.4%6.6%6.1%-118.1K3.1M-19.2K2.0083.9324784665
2021-03-25$139.63$160.0046.3%13.3%70.0%7.8%46.7%2.9%4.2%-123.6K3.0M-18.8K0.0079.8960785667
2021-03-26$139.59$160.0047.4%13.6%70.1%10.0%47.9%5.4%4.1%-130.0K3.0M-19.0K1.0083.061212790667
2021-03-29$137.52$160.0051.6%14.8%70.0%17.2%49.8%5.0%5.9%-126.8K3.3M-18.2K0.0082.5090794667
2021-03-30$137.98$160.0045.4%13.0%36.5%6.5%49.3%4.3%5.8%-139.9K3.3M-17.9K8.1479.99757795667
2021-03-31$142.76$160.0046.5%13.3%35.3%8.4%46.4%7.5%2.0%-136.5K2.5M-19.1K2.1387.36817793710