APPF Options History — May 2021

In May 2021, APPF traded between $123.28 and $143.76. ATM implied volatility averaged 45.3%, placing in the 22.2% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 12.8% (HV 20d: 32.6%). Max pain ranged from $125.00 to $160.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 2.39.

Notable Days

2021-05-11: Highest Volume — 104 contracts
2021-05-11: Largest IV drop — 25.2% change
2021-05-10: Highest IV Rank — 73.9%
2021-05-05: Largest Expected Move — 16.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$130.65	$123.28	$143.76	$143.76	$135.16
Max Pain	$132.75	$125.00	$160.00	$155.00	$135.00
ATM IV	45.3%	33.8%	64.5%	51.6%	33.8%
Expected Move	12.2%	9.7%	16.4%	14.8%	9.7%
HV 20d	32.6%	13.8%	37.2%	13.8%	37.1%
HV 60d	46.5%	30.4%	53.7%	51.7%	30.5%
IV Rank	22.2%	0.0%	73.9%	38.4%	0.0%
IV Percentile	26.8%	0.0%	97.2%	54.0%	0.0%
Term Structure	-1.8%	-14.1%	3.6%	-6.7%	2.2%
VWIV	43.3%	34.8%	60.1%	49.9%	35.6%
Skew 25d	3.6%	-3.8%	8.3%	0.5%	1.3%
Skew 10d	11.6%	-11.8%	31.1%	19.4%	19.1%
Call IV 25d	42.3%	32.7%	59.2%	50.7%	37.0%
Put IV 25d	45.9%	35.9%	62.8%	51.3%	38.3%
Bid-Ask Spread %	82.65	68.53	93.71	93.56	88.44
Gamma HHI	0.15	0.07	0.31	0.25	0.08
Net GEX	-21.8K	-66.6K	62.4K	-61.5K	15.4K
Net DEX	2.4M	219.6K	4.0M	1.2M	219.6K
Net VEX	-12.8K	-19.0K	-10.5K	-19.0K	-12.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.39	0.00	7.29	6.50	0.50
Total Volume	33.6	6	104	15	6
Total OI	1,126.7	851	1,256	1,120	957

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
2021-05-03	$143.76	$155.00	51.6%	14.8%	13.8%	38.4%	49.9%	0.5%	-6.7%	-61.5K	1.2M	-19.0K	6.50	93.56	2	13	589	531
2021-05-04	$133.50	$155.00	56.7%	16.3%	29.8%	52.4%	60.1%	-3.8%	-9.7%	-66.5K	2.6M	-16.5K	7.25	84.30	4	29	589	538
2021-05-05	$130.28	$160.00	57.2%	16.4%	30.7%	53.9%	55.9%	7.2%	-14.1%	-66.6K	3.3M	-14.4K	0.13	84.37	30	4	589	550
2021-05-06	$130.25	$130.00	57.9%	12.8%	30.6%	55.7%	49.1%	4.4%	-0.9%	-57.0K	3.0M	-15.2K	2.78	73.21	9	25	611	551
2021-05-07	$130.12	$130.00	57.8%	13.0%	30.6%	55.4%	0.0%	3.4%	-2.8%	-56.8K	3.0M	-14.9K	0.50	70.43	4	2	618	549
2021-05-10	$128.94	$130.00	64.5%	13.3%	30.5%	73.9%	48.0%	2.5%	-3.6%	-56.1K	3.1M	-13.9K	3.57	68.53	14	50	620	547
2021-05-11	$124.00	$130.00	48.2%	11.2%	32.1%	28.9%	44.4%	7.7%	-1.6%	-55.5K	4.0M	-10.5K	3.16	82.21	25	79	623	575
2021-05-12	$123.28	$130.00	43.1%	12.4%	31.9%	14.7%	44.4%	6.0%	-0.5%	-57.8K	3.9M	-11.6K	1.00	79.62	8	8	625	588
2021-05-13	$124.47	$125.00	42.8%	12.3%	31.3%	13.9%	0.0%	3.6%	-0.8%	-54.5K	3.8M	-11.7K	0.64	74.58	44	28	631	585
2021-05-14	$127.95	$125.00	41.6%	11.9%	33.8%	10.5%	42.2%	5.5%	0.6%	-8.8K	3.3M	-12.5K	0.67	79.63	15	10	670	586
2021-05-17	$125.82	$125.00	43.3%	12.4%	34.0%	15.2%	43.6%	4.0%	-0.8%	-16.9K	3.5M	-10.7K	3.83	78.01	6	23	674	574
2021-05-18	$126.66	$125.00	42.8%	12.3%	33.9%	13.8%	40.7%	3.8%	-2.5%	642	3.4M	-10.5K	0.32	78.56	25	8	677	574
2021-05-19	$128.67	$125.00	42.1%	12.1%	34.2%	12.0%	0.0%	-2.3%	-1.3%	4.1K	2.9M	-12.0K	0.00	85.31	9	0	667	573
2021-05-20	$129.85	$125.00	39.2%	11.2%	34.5%	3.8%	37.5%	7.4%	-0.2%	62.4K	2.9M	-11.0K	1.00	84.77	5	5	665	573
2021-05-21	$131.82	$130.00	38.3%	11.0%	35.4%	1.4%	39.7%	0.0%	0.9%	5.7K	2.4M	-11.2K	7.29	82.88	7	51	667	575
2021-05-24	$133.92	$130.00	37.8%	10.8%	36.2%	0.0%	36.5%	1.8%	2.4%	-587	471.4K	-11.8K	0.00	91.77	10	0	563	288
2021-05-25	$136.64	$125.00	37.2%	10.7%	37.0%	0.0%	38.5%	6.4%	-0.1%	7.4K	233.7K	-12.0K	0.31	92.91	65	20	573	288
2021-05-26	$134.03	$130.00	36.4%	10.4%	37.2%	0.0%	34.8%	8.3%	0.7%	15.8K	294.6K	-11.9K	1.80	93.71	5	9	635	302
2021-05-27	$133.82	$135.00	34.1%	9.8%	37.0%	0.0%	34.9%	3.9%	3.6%	11.3K	401.0K	-11.7K	6.50	86.28	2	13	636	308
2021-05-28	$135.16	$135.00	33.8%	9.7%	37.1%	0.0%	35.6%	1.3%	2.2%	15.4K	219.6K	-12.4K	0.50	88.44	4	2	638	319