APPF Options History — February 2022

In February 2022, APPF traded between $108.30 and $124.21. ATM implied volatility averaged 52.0%, placing in the 65.1% IV rank vs the trailing year. The 30-day expected move averaged 15.2%. IV traded above realized volatility by 8.9% (HV 20d: 43.1%). Max pain ranged from $110.00 to $120.00. Net GEX was positive for 9 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 1.96.

Notable Days

2022-02-07: Highest Volume — 565 contracts
2022-02-10: Largest IV spike — 14.7% change
2022-02-28: Highest IV Rank — 100.0%
2022-02-28: Largest Expected Move — 18.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$116.06	$108.30	$124.21	$116.88	$111.58
Max Pain	$112.11	$110.00	$120.00	$120.00	$115.00
ATM IV	52.0%	42.1%	65.0%	43.0%	65.0%
Expected Move	15.2%	12.3%	18.6%	12.3%	18.6%
HV 20d	43.1%	38.6%	46.7%	39.2%	42.6%
HV 60d	38.7%	36.5%	40.3%	36.5%	39.9%
IV Rank	65.1%	37.6%	100.0%	40.2%	100.0%
IV Percentile	79.2%	46.8%	100.0%	54.8%	100.0%
Term Structure	-4.0%	-9.3%	2.9%	2.8%	-9.3%
VWIV	58.1%	45.4%	65.4%	45.4%	59.9%
Skew 25d	7.2%	-1.0%	13.3%	7.8%	13.1%
Skew 10d	20.4%	5.6%	33.4%	16.1%	9.1%
Call IV 25d	51.7%	42.1%	59.1%	42.1%	56.2%
Put IV 25d	58.9%	50.0%	69.3%	50.0%	69.3%
Bid-Ask Spread %	81.94	76.58	95.58	95.29	78.72
Gamma HHI	0.15	0.08	0.30	0.14	0.10
Net GEX	13.4K	-55.4K	118.9K	-14.0K	-7.3K
Net DEX	-196.6K	-2.0M	745.9K	68.5K	392.1K
Net VEX	-9.6K	-11.5K	-8.4K	-8.7K	-8.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.96	0.88	3.58	2.39	1.10
Total Volume	415.579	231	565	525	401
Total OI	1,150.526	921	1,375	921	993

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
2022-02-01	$116.88	$120.00	43.0%	12.3%	39.2%	40.2%	45.4%	7.8%	2.8%	-14.0K	68.5K	-8.7K	2.39	95.29	155	370	440	481
2022-02-02	$116.44	$120.00	44.5%	12.8%	38.6%	44.3%	47.0%	-1.0%	2.9%	-23.2K	103.4K	-9.2K	2.43	95.58	140	340	451	524
2022-02-03	$111.82	$110.00	44.9%	14.4%	41.0%	45.3%	58.8%	3.9%	-0.5%	-55.4K	689.4K	-9.6K	2.49	76.80	134	334	452	542
2022-02-04	$115.90	$110.00	42.1%	13.8%	43.1%	37.6%	61.3%	9.9%	-2.5%	-43.3K	269.0K	-9.3K	2.26	76.81	136	307	452	554
2022-02-07	$116.34	$110.00	44.3%	14.2%	42.9%	43.8%	52.1%	6.9%	-3.6%	-33.7K	161.4K	-8.9K	0.88	78.67	300	265	453	556
2022-02-08	$120.55	$110.00	42.4%	13.9%	44.2%	38.4%	52.9%	8.6%	-1.6%	37.8K	-1.1M	-11.3K	1.32	79.20	200	265	618	643
2022-02-09	$124.21	$110.00	45.8%	13.1%	45.2%	48.0%	47.8%	3.6%	-4.2%	84.3K	-2.0M	-10.5K	1.60	83.75	210	337	621	643
2022-02-10	$119.84	$110.00	52.6%	15.1%	46.7%	66.8%	62.6%	7.6%	-3.9%	41.7K	-1.0M	-11.4K	2.53	76.58	132	334	634	726
2022-02-11	$119.52	$110.00	52.3%	15.0%	44.2%	65.9%	64.2%	5.9%	-4.8%	33.4K	-929.5K	-11.5K	2.48	77.49	132	328	643	732
2022-02-14	$118.76	$110.00	54.8%	15.7%	43.9%	72.9%	65.4%	13.3%	-3.8%	44.2K	-746.7K	-11.1K	2.23	82.10	133	296	643	723
2022-02-15	$120.99	$110.00	51.7%	14.8%	43.4%	64.5%	59.0%	6.8%	-2.4%	118.9K	-1.3M	-9.4K	2.62	79.27	114	299	639	714
2022-02-16	$118.86	$110.00	53.0%	15.2%	43.8%	68.1%	60.3%	4.7%	-2.2%	102.8K	-824.0K	-9.8K	2.58	81.28	116	299	645	718
2022-02-17	$114.06	$110.00	54.1%	15.5%	46.1%	71.1%	63.4%	10.2%	-5.8%	8.7K	360.8K	-9.0K	2.17	80.59	120	260	646	716
2022-02-18	$114.17	$110.00	56.0%	16.1%	46.0%	76.4%	63.1%	6.1%	-4.7%	4.0K	270.1K	-8.8K	3.58	77.12	89	319	642	716
2022-02-22	$111.99	$110.00	59.4%	17.0%	41.7%	85.9%	62.2%	4.0%	-7.9%	-2.1K	248.0K	-9.3K	1.48	86.20	124	184	461	479
2022-02-23	$108.30	$115.00	59.0%	16.9%	40.7%	84.7%	58.6%	10.3%	-7.4%	-17.8K	745.9K	-8.7K	0.96	80.45	121	116	468	510
2022-02-24	$112.39	$115.00	62.7%	18.0%	42.8%	94.9%	62.4%	8.1%	-9.2%	-13.5K	478.5K	-9.1K	0.93	83.91	120	111	465	517
2022-02-25	$112.47	$115.00	60.1%	17.2%	42.5%	87.9%	57.8%	6.7%	-8.3%	-11.7K	448.0K	-8.7K	1.20	87.03	116	139	472	528
2022-02-28	$111.58	$115.00	65.0%	18.6%	42.6%	100.0%	59.9%	13.1%	-9.3%	-7.3K	392.1K	-8.4K	1.10	78.72	191	210	478	515