APPF Options History — December 2022

In December 2022, APPF traded between $100.51 and $119.56. ATM implied volatility averaged 40.6%, placing in the 7.3% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded below realized volatility by 1.3% (HV 20d: 41.9%). Max pain ranged from $110.00 to $110.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.42.

Notable Days

2022-12-28: Highest Volume — 174 contracts
2022-12-12: Largest IV spike — 95.5% change
2022-12-13: Highest IV Rank — 25.3%
2022-12-01: Largest Expected Move — 12.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$108.88	$100.51	$119.56	$118.47	$105.14
Max Pain	$110.00	$110.00	$110.00	$110.00	$110.00
ATM IV	40.6%	28.7%	66.9%	45.0%	34.3%
Expected Move	10.9%	9.6%	12.9%	12.9%	9.8%
HV 20d	41.9%	36.3%	47.8%	47.7%	36.3%
HV 60d	50.4%	49.2%	51.3%	50.3%	49.8%
IV Rank	7.3%	0.0%	25.3%	9.0%	3.7%
IV Percentile	19.9%	0.0%	98.4%	42.9%	1.2%
Term Structure	2.6%	-8.7%	8.4%	-8.7%	8.4%
VWIV	39.7%	32.2%	48.5%	42.8%	44.0%
Skew 25d	5.6%	-1.1%	17.8%	12.6%	6.1%
Skew 10d	12.2%	-5.7%	28.7%	8.9%	1.4%
Call IV 25d	40.9%	34.5%	52.7%	52.7%	41.5%
Put IV 25d	46.6%	37.5%	65.3%	65.3%	47.7%
Bid-Ask Spread %	95.17	87.87	107.10	99.88	107.10
Gamma HHI	0.21	0.11	0.39	0.12	0.33
Net GEX	5.9K	-33.8K	43.4K	22.5K	43.4K
Net DEX	-280.3K	-991.9K	418.9K	-991.9K	-718.1K
Net VEX	-5.3K	-8.5K	-2.9K	-6.4K	-8.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.42	0.00	2.33	0.11	0.00
Total Volume	20.429	0	174	20	2
Total OI	614.571	530	707	606	707

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
2022-12-01	$118.47	$110.00	45.0%	12.9%	47.7%	9.0%	42.8%	12.6%	-8.7%	22.5K	-991.9K	-6.4K	0.11	99.88	18	2	385	221
2022-12-02	$119.56	$110.00	36.7%	10.5%	47.8%	3.3%	38.3%	17.8%	-1.4%	11.5K	-955.8K	-5.4K	0.00	102.65	2	0	381	223
2022-12-05	$115.14	$110.00	40.3%	10.8%	44.1%	5.8%	0.0%	6.1%	3.3%	5.6K	-671.0K	-5.7K	0.00	88.68	0	1	379	223
2022-12-06	$112.60	$110.00	34.4%	10.8%	44.8%	1.8%	48.5%	1.8%	3.1%	-10.9K	-413.4K	-5.2K	0.63	88.54	40	25	379	223
2022-12-07	$110.80	$110.00	45.2%	10.6%	44.8%	9.1%	0.0%	14.1%	3.8%	-14.0K	-315.6K	-6.0K	0.00	91.31	0	0	419	242
2022-12-08	$110.17	$110.00	41.1%	10.6%	44.8%	6.3%	0.0%	8.5%	3.1%	-19.1K	-281.7K	-5.9K	0.00	93.98	0	0	419	242
2022-12-09	$107.75	$110.00	28.7%	9.8%	39.6%	0.0%	44.4%	6.5%	8.1%	-33.8K	97.1K	-5.4K	0.00	92.60	3	0	419	242
2022-12-12	$108.68	$110.00	56.0%	11.2%	39.8%	18.1%	41.7%	1.6%	5.1%	-23.7K	-71.6K	-5.1K	0.38	87.87	8	3	422	242
2022-12-13	$112.72	$110.00	66.9%	11.1%	41.5%	25.3%	0.0%	3.6%	2.8%	-7.3K	-548.3K	-5.5K	0.00	91.07	11	0	421	242
2022-12-14	$113.88	$110.00	37.5%	10.8%	39.4%	5.9%	40.3%	5.0%	4.0%	-2.0K	-752.7K	-5.6K	0.08	93.69	36	3	427	242
2022-12-15	$108.02	$110.00	39.4%	11.3%	43.0%	7.1%	37.7%	5.3%	-0.3%	-32.1K	-6.7K	-5.3K	0.12	91.65	42	5	432	244
2022-12-16	$107.00	$110.00	39.5%	11.3%	41.3%	7.2%	35.8%	0.8%	-0.7%	24.1K	418.9K	-4.9K	2.33	90.87	3	7	434	244
2022-12-19	$105.96	$110.00	39.2%	11.2%	41.1%	6.9%	32.8%	4.3%	3.5%	21.5K	-237.9K	-4.8K	1.00	94.56	3	3	406	140
2022-12-20	$105.63	$110.00	39.6%	11.3%	40.1%	7.2%	39.6%	5.1%	0.7%	23.4K	-208.5K	-4.5K	0.00	92.22	11	0	409	140
2022-12-21	$107.88	$110.00	37.2%	10.7%	40.5%	5.6%	32.2%	11.0%	0.7%	17.4K	-145.6K	-4.5K	1.50	93.28	2	3	390	140
2022-12-22	$105.78	$110.00	40.0%	11.5%	40.8%	7.5%	0.0%	4.2%	1.0%	17.6K	-44.5K	-4.2K	0.00	91.90	0	0	392	141
2022-12-23	$104.79	$110.00	33.6%	9.6%	40.8%	3.3%	35.8%	1.3%	8.0%	17.5K	43.9K	-3.6K	0.00	102.01	0	8	392	141
2022-12-27	$101.65	$110.00	41.1%	11.8%	41.0%	8.2%	42.4%	-1.1%	-1.6%	11.8K	241.2K	-2.9K	0.00	97.20	0	2	392	141
2022-12-28	$100.51	$110.00	37.3%	10.7%	39.6%	5.7%	39.4%	2.7%	4.8%	12.4K	244.9K	-2.9K	0.01	103.04	172	2	392	139
2022-12-29	$104.25	$110.00	38.8%	11.1%	41.1%	6.7%	38.7%	1.1%	7.4%	38.6K	-569.1K	-8.1K	0.09	104.57	11	1	562	135
2022-12-30	$105.14	$110.00	34.3%	9.8%	36.3%	3.7%	44.0%	6.1%	8.4%	43.4K	-718.1K	-8.5K	0.00	107.10	2	0	572	135