APPF Options History — September 2021

In September 2021, APPF traded between $118.36 and $127.62. ATM implied volatility averaged 35.9%, placing in the 18.1% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 2.9% (HV 20d: 33.0%). Max pain ranged from $120.00 to $135.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 2.20.

Notable Days

2021-09-09: Highest Volume — 341 contracts
2021-09-20: Largest IV spike — 26.5% change
2021-09-20: Highest IV Rank — 34.2%
2021-09-20: Largest Expected Move — 12.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$122.20	$118.36	$127.62	$121.44	$120.18
Max Pain	$125.24	$120.00	$135.00	$135.00	$125.00
ATM IV	35.9%	31.6%	42.4%	34.2%	37.9%
Expected Move	10.3%	9.5%	12.1%	9.8%	10.9%
HV 20d	33.0%	27.1%	36.5%	34.7%	35.1%
HV 60d	32.8%	31.7%	34.0%	33.3%	33.4%
IV Rank	18.1%	7.7%	34.2%	13.9%	23.1%
IV Percentile	16.1%	2.8%	31.3%	10.7%	25.4%
Term Structure	3.9%	0.8%	9.6%	0.8%	3.5%
VWIV	35.8%	32.8%	42.9%	34.7%	37.3%
Skew 25d	3.1%	-6.9%	10.6%	3.9%	2.3%
Skew 10d	10.2%	2.6%	20.6%	6.2%	13.3%
Call IV 25d	36.2%	28.8%	43.6%	33.7%	37.4%
Put IV 25d	39.4%	35.4%	49.4%	37.6%	39.7%
Bid-Ask Spread %	91.68	86.39	98.49	93.58	98.49
Gamma HHI	0.46	0.15	0.71	0.17	0.46
Net GEX	95.7K	-57.9K	214.3K	-57.9K	73.9K
Net DEX	-379.9K	-1.6M	1.3M	1.3M	89.8K
Net VEX	-8.1K	-10.4K	-6.0K	-6.0K	-6.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.20	0.00	18.00	0.06	0.50
Total Volume	51.619	2	341	82	6
Total OI	980.857	759	1,178	759	849

Daily Data (21 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
2021-09-01	$121.44	$135.00	34.2%	9.8%	34.7%	13.9%	34.7%	3.9%	0.8%	-57.9K	1.3M	-6.0K	0.06	93.58	77	5	435	324
2021-09-02	$122.27	$125.00	37.0%	9.8%	34.6%	20.8%	35.0%	4.0%	4.6%	-43.9K	1.1M	-6.4K	0.00	90.49	24	0	450	319
2021-09-03	$123.45	$125.00	31.6%	9.9%	34.6%	7.7%	34.6%	1.5%	3.3%	-8.0K	651.5K	-7.1K	2.20	88.76	5	11	520	317
2021-09-07	$121.58	$120.00	34.0%	9.9%	34.6%	13.5%	0.0%	1.3%	2.5%	-17.7K	768.3K	-6.6K	4.00	90.64	1	4	533	307
2021-09-08	$123.17	$125.00	33.3%	9.6%	27.1%	11.8%	0.0%	0.8%	5.7%	-9.5K	523.9K	-6.6K	2.00	86.45	2	4	529	316
2021-09-09	$127.62	$125.00	34.6%	9.9%	28.7%	15.1%	33.1%	-6.9%	4.2%	13.7K	-122.0K	-6.7K	0.00	87.70	340	1	529	320
2021-09-10	$122.54	$125.00	35.9%	10.3%	31.0%	18.3%	34.5%	4.0%	2.7%	-17.8K	613.0K	-6.5K	0.00	90.07	6	0	532	324
2021-09-13	$123.99	$125.00	35.8%	10.3%	31.1%	17.8%	36.9%	1.6%	1.2%	138.7K	-1.4M	-10.4K	0.30	86.39	10	3	839	328
2021-09-14	$122.42	$125.00	35.0%	10.0%	31.3%	16.0%	34.7%	10.5%	3.0%	123.9K	-847.7K	-10.0K	0.00	91.26	2	0	844	330
2021-09-15	$120.31	$125.00	35.3%	10.1%	29.4%	16.6%	36.7%	2.8%	2.0%	102.3K	-278.0K	-9.5K	5.90	87.59	10	59	847	331
2021-09-16	$124.12	$125.00	33.4%	9.6%	31.5%	11.9%	32.8%	3.4%	9.6%	169.3K	-1.4M	-9.7K	0.41	88.84	39	16	848	328
2021-09-17	$123.67	$125.00	33.5%	9.6%	31.1%	12.2%	36.1%	1.5%	6.3%	159.5K	-1.2M	-9.3K	0.08	88.77	37	3	849	320
2021-09-20	$118.93	$125.00	42.4%	12.1%	33.7%	34.2%	42.9%	1.9%	1.2%	121.9K	-649.8K	-8.7K	1.00	94.40	4	4	750	224
2021-09-21	$120.60	$125.00	38.9%	11.2%	34.0%	25.6%	36.8%	3.1%	1.2%	158.5K	-883.0K	-9.0K	0.00	90.66	12	0	781	227
2021-09-22	$120.76	$125.00	37.4%	10.7%	33.8%	21.9%	0.0%	1.2%	4.1%	159.2K	-927.4K	-9.0K	3.33	94.06	3	10	782	231
2021-09-23	$122.56	$125.00	33.1%	9.5%	34.2%	11.4%	34.1%	4.2%	7.6%	191.5K	-1.3M	-8.9K	2.50	94.42	4	10	782	231
2021-09-24	$124.29	$125.00	33.3%	9.6%	34.3%	11.8%	33.2%	3.5%	7.4%	211.9K	-1.6M	-9.2K	0.11	94.84	9	1	786	241
2021-09-27	$122.92	$125.00	34.5%	9.9%	34.5%	14.8%	36.8%	2.9%	7.8%	214.3K	-1.4M	-8.8K	5.67	93.80	3	17	786	237
2021-09-28	$118.36	$125.00	40.9%	11.7%	36.2%	30.7%	38.7%	10.6%	1.0%	143.3K	-385.2K	-7.7K	0.03	96.93	314	9	791	237
2021-09-29	$121.09	$125.00	41.1%	11.8%	36.5%	31.1%	35.2%	8.0%	1.7%	182.5K	-716.4K	-8.2K	18.00	97.23	1	18	793	251
2021-09-30	$120.18	$125.00	37.9%	10.9%	35.1%	23.1%	37.3%	2.3%	3.5%	73.9K	89.8K	-6.1K	0.50	98.49	4	2	604	245