APPF Options History — January 2023

In January 2023, APPF traded between $106.39 and $119.14. ATM implied volatility averaged 46.7%, placing in the 11.9% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded above realized volatility by 6.6% (HV 20d: 40.0%). Max pain ranged from $90.00 to $120.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 9.74.

Notable Days

2023-01-26: Highest Volume — 633 contracts
2023-01-27: Largest IV drop — 25.1% change
2023-01-25: Highest IV Rank — 15.5%
2023-01-25: Largest Expected Move — 14.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$113.67	$106.39	$119.14	$107.05	$111.98
Max Pain	$111.00	$90.00	$120.00	$110.00	$115.00
ATM IV	46.7%	38.7%	52.0%	42.8%	41.8%
Expected Move	13.1%	11.1%	14.9%	12.3%	12.0%
HV 20d	40.0%	35.6%	49.4%	36.9%	49.4%
HV 60d	48.9%	41.7%	51.0%	49.6%	44.5%
IV Rank	11.9%	6.6%	15.5%	9.4%	8.7%
IV Percentile	47.6%	8.3%	70.2%	32.5%	22.6%
Term Structure	-4.0%	-10.9%	2.3%	-1.3%	-4.1%
VWIV	44.9%	36.9%	56.8%	39.7%	40.9%
Skew 25d	7.0%	0.8%	11.5%	5.3%	0.8%
Skew 10d	12.7%	-5.6%	30.3%	30.3%	8.6%
Call IV 25d	45.0%	35.8%	54.0%	50.8%	46.8%
Put IV 25d	52.0%	45.0%	58.5%	56.1%	47.5%
Bid-Ask Spread %	90.57	84.28	99.66	99.66	94.20
Gamma HHI	0.23	0.15	0.34	0.28	0.22
Net GEX	-1.6K	-298.8K	59.1K	45.1K	-211.7K
Net DEX	-916.3K	-2.0M	4.0M	-1.0M	1.3M
Net VEX	-10.5K	-16.4K	-8.8K	-9.4K	-15.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	9.74	0.00	125.60	0.00	3.11
Total Volume	92.15	0	633	203	74
Total OI	762.3	408	1,414	707	1,225

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
2023-01-03	$107.05	$110.00	42.8%	12.3%	36.9%	9.4%	39.7%	5.3%	-1.3%	45.1K	-1.0M	-9.4K	0.00	99.66	203	0	572	135
2023-01-04	$110.24	$110.00	40.5%	11.6%	36.9%	7.8%	0.0%	4.3%	0.6%	50.3K	-1.3M	-9.5K	0.00	98.58	0	0	553	135
2023-01-05	$106.88	$90.00	47.0%	12.1%	37.6%	12.1%	40.8%	8.2%	2.3%	43.1K	-929.0K	-8.8K	0.00	84.28	2	0	553	135
2023-01-06	$111.07	$90.00	46.9%	11.9%	39.9%	12.1%	43.5%	9.8%	1.9%	47.0K	-1.2M	-9.2K	0.00	88.88	2	0	555	135
2023-01-09	$111.99	$90.00	48.1%	12.1%	40.0%	12.8%	42.6%	9.5%	1.8%	46.5K	-1.4M	-9.0K	1.67	91.13	3	5	557	135
2023-01-10	$115.02	$105.00	44.3%	11.8%	40.0%	10.3%	42.3%	6.3%	1.2%	49.3K	-1.7M	-9.4K	2.00	89.32	1	2	560	136
2023-01-11	$113.94	$110.00	41.2%	11.8%	40.2%	8.3%	40.9%	9.2%	0.1%	46.0K	-1.6M	-9.3K	6.00	91.97	2	12	561	138
2023-01-12	$119.04	$115.00	48.1%	13.8%	41.1%	12.8%	45.4%	11.5%	-5.8%	51.4K	-2.0M	-9.7K	0.50	86.18	4	2	564	151
2023-01-13	$118.88	$115.00	48.0%	13.8%	41.0%	12.8%	51.6%	7.1%	-6.1%	54.6K	-2.0M	-9.8K	5.00	85.70	3	15	567	155
2023-01-17	$118.81	$120.00	50.6%	14.5%	35.6%	14.5%	47.1%	6.1%	-9.1%	47.2K	-2.0M	-9.4K	0.00	88.44	21	0	567	159
2023-01-18	$117.00	$120.00	49.5%	14.2%	35.9%	13.7%	0.0%	5.5%	-5.3%	44.1K	-1.9M	-9.6K	0.00	85.97	0	4	588	159
2023-01-19	$113.65	$120.00	50.1%	14.4%	37.6%	14.1%	0.0%	4.5%	-7.1%	46.5K	-1.5M	-9.1K	0.00	88.09	0	1	588	158
2023-01-20	$115.58	$120.00	49.1%	14.1%	37.8%	13.5%	49.2%	8.1%	-5.9%	35.7K	-1.7M	-9.1K	0.17	92.08	83	14	588	157
2023-01-23	$116.41	$115.00	50.7%	14.5%	37.3%	14.5%	36.9%	5.7%	-6.9%	52.2K	-1.5M	-9.2K	0.14	90.83	7	1	371	37
2023-01-24	$119.14	$115.00	51.0%	14.6%	36.8%	14.8%	51.5%	8.9%	-10.9%	59.1K	-1.8M	-9.7K	0.00	86.84	7	0	378	38
2023-01-25	$113.68	$115.00	52.0%	14.9%	41.0%	15.5%	52.8%	4.6%	-9.8%	51.7K	-1.4M	-9.1K	10.59	91.34	29	307	384	38
2023-01-26	$114.19	$115.00	51.7%	14.8%	39.0%	15.2%	56.8%	9.2%	-7.5%	-30.1K	-244.4K	-12.6K	125.60	85.89	5	628	411	335
2023-01-27	$106.39	$115.00	38.7%	11.1%	47.3%	6.6%	40.2%	7.8%	-3.0%	-298.8K	4.0M	-15.6K	0.56	97.85	66	37	417	937
2023-01-30	$112.36	$115.00	41.3%	11.8%	49.4%	8.3%	41.7%	7.3%	-4.6%	-261.9K	1.7M	-16.4K	10.22	94.05	27	276	455	959
2023-01-31	$111.98	$115.00	41.8%	12.0%	49.4%	8.7%	40.9%	0.8%	-4.1%	-211.7K	1.3M	-15.1K	3.11	94.20	18	56	455	770