APPF Options History — March 2022

In March 2022, APPF traded between $109.37 and $120.33. ATM implied volatility averaged 45.1%, placing in the 45.4% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded above realized volatility by 7.1% (HV 20d: 38.0%). Max pain ranged from $110.00 to $125.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 1.00.

Notable Days

  • 2022-03-07: Highest Volume — 1,201 contracts
  • 2022-03-22: Largest IV drop — 14.7% change
  • 2022-03-07: Highest IV Rank — 72.9%
  • 2022-03-08: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$113.69$109.37$120.33$115.56$113.41
Max Pain$112.38$110.00$125.00$115.00$110.00
ATM IV45.1%36.7%55.2%51.3%39.4%
Expected Move13.7%12.6%16.2%14.7%12.6%
HV 20d38.0%31.4%42.7%42.2%31.4%
HV 60d38.2%37.1%40.5%40.5%37.2%
IV Rank45.4%22.3%72.9%62.2%29.7%
IV Percentile62.4%28.2%92.5%84.5%38.5%
Term Structure1.4%-2.4%7.3%-1.8%7.3%
VWIV47.9%42.6%58.4%54.8%47.3%
Skew 25d8.7%3.9%14.4%12.7%5.5%
Skew 10d18.4%0.9%39.8%17.9%0.9%
Call IV 25d41.5%28.5%49.4%47.9%28.5%
Put IV 25d50.1%34.0%60.5%60.5%34.0%
Bid-Ask Spread %74.1115.7391.8888.5879.62
Gamma HHI0.140.100.280.100.16
Net GEX24.8K4.2K58.3K19.2K22.5K
Net DEX120.8K-782.0K877.7K-146.1K88.5K
Net VEX-11.9K-13.3K-9.7K-10.7K-12.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.000.583.821.080.70
Total Volume433.2612551,201463307
Total OI1,461.6529542,1401,2201,057

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-03-01$115.56$115.0051.3%14.7%42.2%62.2%54.8%12.7%-1.8%19.2K-146.1K-10.7K1.0888.58223240590630
2022-03-02$117.69$110.0046.3%13.3%42.0%48.6%48.7%5.3%2.8%38.5K-684.1K-9.9K0.9890.82235230595576
2022-03-03$115.15$110.0047.0%13.5%42.7%50.6%47.1%7.5%0.9%33.6K-433.1K-9.7K0.7990.60241190602575
2022-03-04$114.13$110.0050.1%14.4%40.2%59.0%53.2%7.5%1.1%17.2K-70.4K-10.2K0.7491.88241179610594
2022-03-07$115.96$110.0055.2%15.8%38.5%72.9%58.4%5.6%-0.7%36.1K-607.8K-9.9K3.8287.14249952610590
2022-03-08$114.58$110.0050.6%16.2%38.7%60.4%56.2%9.7%-1.6%25.7K14.7K-12.8K0.7163.112421726181,334
2022-03-09$120.33$110.0046.5%14.4%40.6%49.2%48.3%9.1%0.5%58.3K-782.0K-13.1K0.7567.332391806181,346
2022-03-10$117.65$110.0046.9%14.5%39.7%50.4%50.1%9.4%0.0%45.5K-277.4K-13.3K1.0770.492402576231,369
2022-03-11$115.30$110.0048.7%15.3%38.4%55.3%48.9%9.6%-0.4%33.5K85.3K-13.0K1.0879.092282466241,455
2022-03-14$110.76$125.0051.9%14.2%40.7%64.1%47.0%10.0%-2.4%12.7K632.6K-12.1K1.0415.732392486261,452
2022-03-15$109.80$125.0049.7%14.2%40.7%58.0%47.8%6.3%0.0%18.5K709.6K-12.0K1.1358.722382696381,451
2022-03-16$109.37$125.0044.9%13.2%39.8%44.9%44.7%8.5%-0.6%14.7K877.7K-11.6K1.2271.722382916421,475
2022-03-17$111.73$0.0042.9%12.8%40.6%39.4%0.0%9.1%1.6%17.8K592.3K-12.3K1.2085.772432926441,494
2022-03-18$111.35$0.0042.7%13.1%38.0%38.7%46.4%13.5%3.7%45.7K635.2K-11.8K0.8871.343052696461,494
2022-03-21$111.46$110.0046.5%13.3%38.0%49.2%44.6%12.7%0.9%4.2K599.7K-11.5K0.5972.97179106540414
2022-03-22$113.86$110.0039.7%12.7%38.2%30.4%45.2%3.9%6.0%15.9K240.1K-12.4K0.5877.37187109558414
2022-03-23$112.77$110.0036.7%12.7%36.2%22.3%44.0%5.2%6.4%18.3K254.0K-12.5K0.5971.25181106579415
2022-03-24$112.10$110.0042.0%12.8%33.9%36.9%44.0%6.0%3.7%15.8K346.2K-12.1K0.6371.56168106584416
2022-03-25$110.97$110.0041.0%12.6%34.0%34.1%43.7%6.7%1.3%15.3K337.3K-13.1K0.7561.97165124584420
2022-03-28$112.94$110.0037.3%12.7%34.5%24.0%42.6%14.4%5.8%13.9K251.6K-12.5K0.7577.25165124600433
2022-03-29$114.80$110.0042.2%12.9%32.6%37.3%45.5%7.9%-0.3%26.6K-62.8K-12.8K0.9578.80131124605433
2022-03-30$113.09$110.0038.5%12.8%32.3%27.2%45.0%13.7%-1.6%21.7K177.7K-12.6K0.8981.45141126612433
2022-03-31$113.41$110.0039.4%12.6%31.4%29.7%47.3%5.5%7.3%22.5K88.5K-12.3K0.7079.62181126621436