APPF Options History — January 2022

In January 2022, APPF traded between $109.68 and $123.34. ATM implied volatility averaged 44.8%, placing in the 45.0% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 11.4% (HV 20d: 33.4%). Max pain ranged from $120.00 to $130.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 1.37.

Notable Days

2022-01-31: Highest Volume — 471 contracts
2022-01-25: Largest IV spike — 15.3% change
2022-01-25: Highest IV Rank — 87.9%
2022-01-25: Largest Expected Move — 17.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$115.77	$109.68	$123.34	$122.33	$114.43
Max Pain	$126.25	$120.00	$130.00	$130.00	$120.00
ATM IV	44.8%	37.3%	60.1%	40.5%	44.9%
Expected Move	12.8%	11.2%	17.2%	11.6%	12.9%
HV 20d	33.4%	26.7%	41.6%	41.4%	38.3%
HV 60d	34.2%	32.5%	36.7%	32.9%	36.2%
IV Rank	45.0%	23.9%	87.9%	32.6%	45.4%
IV Percentile	57.9%	31.0%	96.4%	40.1%	61.5%
Term Structure	0.3%	-10.2%	3.7%	-1.3%	3.2%
VWIV	47.4%	39.6%	55.3%	41.1%	48.6%
Skew 25d	7.6%	-6.6%	22.1%	4.3%	11.1%
Skew 10d	21.0%	-0.2%	50.9%	21.8%	1.9%
Call IV 25d	44.5%	37.7%	54.5%	39.4%	41.1%
Put IV 25d	52.2%	43.3%	71.1%	43.7%	52.3%
Bid-Ask Spread %	87.71	73.69	97.72	93.18	94.77
Gamma HHI	0.17	0.13	0.24	0.17	0.15
Net GEX	-16.2K	-63.3K	31.6K	22.5K	-21.2K
Net DEX	776.2K	-35.9K	1.7M	206.0K	328.7K
Net VEX	-7.3K	-9.3K	-5.9K	-6.7K	-9.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.37	0.75	2.51	1.00	2.36
Total Volume	258.9	156	471	156	471
Total OI	742.85	592	921	592	921

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
2022-01-03	$122.33	$130.00	40.5%	11.6%	41.4%	32.6%	41.1%	4.3%	-1.3%	22.5K	206.0K	-6.7K	1.00	93.18	78	78	404	188
2022-01-04	$119.67	$130.00	43.3%	12.4%	41.6%	40.0%	44.1%	4.6%	-4.5%	13.4K	380.4K	-6.1K	1.35	94.51	91	123	412	187
2022-01-05	$119.10	$130.00	40.1%	11.5%	33.8%	31.5%	48.2%	4.3%	-0.2%	9.7K	373.4K	-7.1K	1.26	96.70	98	123	429	232
2022-01-06	$117.67	$130.00	39.7%	11.2%	33.8%	30.3%	46.3%	9.3%	0.9%	4.5K	445.2K	-6.8K	1.28	77.17	98	125	446	232
2022-01-07	$118.83	$130.00	37.3%	11.2%	31.6%	23.9%	45.5%	7.4%	1.9%	9.7K	438.5K	-7.4K	1.29	75.75	97	125	446	236
2022-01-10	$121.31	$130.00	42.6%	11.5%	32.4%	38.2%	46.5%	5.7%	1.6%	14.8K	284.7K	-6.9K	1.18	75.48	106	125	445	234
2022-01-11	$123.34	$125.00	40.0%	11.2%	32.1%	31.9%	44.0%	8.8%	2.6%	31.6K	-35.9K	-7.4K	1.46	73.69	111	162	453	234
2022-01-12	$121.62	$130.00	40.3%	11.5%	32.4%	32.6%	39.6%	5.8%	2.2%	16.0K	211.8K	-7.7K	1.68	84.74	111	186	465	272
2022-01-13	$116.67	$130.00	40.6%	11.6%	33.7%	33.4%	48.9%	9.7%	3.7%	-33.5K	1.1M	-7.4K	1.17	85.26	116	136	465	323
2022-01-14	$115.03	$130.00	40.4%	11.6%	32.3%	33.1%	43.3%	4.0%	1.8%	-43.2K	1.3M	-7.0K	1.33	88.85	106	141	462	323
2022-01-18	$112.54	$130.00	43.6%	12.5%	28.3%	42.0%	47.4%	5.8%	2.7%	-46.8K	1.5M	-6.3K	0.98	82.80	103	101	461	330
2022-01-19	$111.56	$130.00	44.5%	12.8%	28.0%	44.5%	45.8%	11.9%	2.5%	-63.3K	1.5M	-6.7K	1.00	91.32	102	102	465	334
2022-01-20	$109.68	$130.00	43.4%	12.4%	26.7%	41.2%	47.5%	6.5%	1.6%	-62.3K	1.7M	-5.9K	0.93	91.77	102	95	464	345
2022-01-21	$110.87	$120.00	47.1%	13.5%	27.4%	51.7%	51.9%	4.8%	-0.2%	-30.0K	1.4M	-6.5K	0.75	86.71	134	100	464	343
2022-01-24	$117.25	$120.00	52.2%	15.0%	33.7%	65.7%	51.7%	12.5%	-0.1%	-22.5K	544.8K	-7.1K	0.96	83.08	92	88	356	263
2022-01-25	$112.38	$120.00	60.1%	17.2%	35.4%	87.9%	55.3%	22.1%	-10.2%	-25.9K	758.7K	-8.3K	1.44	91.67	118	170	386	356
2022-01-26	$111.36	$120.00	52.9%	15.2%	35.4%	67.6%	51.6%	17.3%	-1.5%	-28.7K	936.6K	-8.0K	1.67	93.42	120	200	413	368
2022-01-27	$109.76	$120.00	55.0%	15.8%	35.3%	73.7%	52.5%	3.7%	-3.3%	-30.0K	1.1M	-8.1K	1.75	95.66	120	210	420	398
2022-01-28	$110.08	$120.00	47.4%	13.6%	35.0%	52.5%	47.9%	-6.6%	3.4%	-38.6K	1.1M	-9.3K	2.51	97.72	118	296	420	462
2022-01-31	$114.43	$120.00	44.9%	12.9%	38.3%	45.4%	48.6%	11.1%	3.2%	-21.2K	328.7K	-9.3K	2.36	94.77	140	331	440	481