APPF Options History — February 2023

In February 2023, APPF traded between $116.22 and $133.08. ATM implied volatility averaged 40.4%, placing in the 7.8% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded below realized volatility by 6.6% (HV 20d: 47.0%). Max pain ranged from $100.00 to $115.00. Net GEX was positive for 10 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 5.01.

Notable Days

2023-02-02: Highest Volume — 149 contracts
2023-02-08: Largest IV drop — 24.9% change
2023-02-03: Highest IV Rank — 12.5%
2023-02-01: Largest Expected Move — 12.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$125.74	$116.22	$133.08	$117.97	$133.08
Max Pain	$107.89	$100.00	$115.00	$115.00	$115.00
ATM IV	40.4%	35.1%	47.5%	42.6%	41.0%
Expected Move	11.1%	10.1%	12.2%	12.2%	11.7%
HV 20d	47.0%	30.0%	52.1%	52.1%	30.0%
HV 60d	42.9%	41.0%	45.8%	45.8%	41.0%
IV Rank	7.8%	4.3%	12.5%	9.2%	8.1%
IV Percentile	19.4%	2.4%	52.0%	29.0%	22.6%
Term Structure	-1.4%	-7.8%	2.9%	-7.8%	-5.8%
VWIV	38.3%	33.8%	48.4%	48.4%	37.1%
Skew 25d	5.8%	-1.6%	22.3%	8.4%	11.3%
Skew 10d	8.3%	-17.9%	26.1%	-17.9%	14.3%
Call IV 25d	38.2%	26.4%	48.2%	39.5%	42.4%
Put IV 25d	44.0%	35.2%	53.6%	47.9%	53.6%
Bid-Ask Spread %	90.18	84.17	102.50	97.61	97.32
Gamma HHI	0.20	0.13	0.27	0.20	0.13
Net GEX	12.2K	-229.1K	137.1K	-129.8K	128.3K
Net DEX	-2.7M	-4.4M	128.1K	-417.5K	-4.4M
Net VEX	-14.8K	-19.8K	-11.3K	-14.8K	-19.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.01	0.00	36.33	0.80	1.60
Total Volume	38.421	1	149	27	13
Total OI	1,174.895	646	1,489	1,222	804

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
2023-02-01	$117.97	$115.00	42.6%	12.2%	52.1%	9.2%	48.4%	8.4%	-7.8%	-129.8K	-417.5K	-14.8K	0.80	97.61	15	12	463	759
2023-02-02	$118.94	$100.00	38.2%	10.3%	51.4%	6.3%	36.4%	9.4%	-2.1%	-128.4K	-968.7K	-14.3K	23.83	86.60	6	143	473	767
2023-02-03	$117.49	$100.00	47.5%	10.4%	50.1%	12.5%	0.0%	5.8%	0.5%	-189.1K	-80.3K	-15.2K	3.00	86.20	1	3	477	864
2023-02-06	$116.22	$100.00	45.3%	10.8%	48.7%	11.0%	0.0%	6.0%	0.0%	-229.1K	128.1K	-14.1K	0.00	86.44	0	3	478	865
2023-02-07	$121.16	$100.00	46.8%	11.0%	50.7%	12.0%	0.0%	22.3%	-2.5%	-125.7K	-1.5M	-13.1K	0.00	89.99	2	0	478	865
2023-02-08	$125.21	$100.00	35.1%	10.1%	51.1%	4.3%	34.0%	8.6%	1.4%	-50.0K	-2.4M	-12.5K	0.00	88.44	38	0	480	864
2023-02-09	$124.99	$100.00	39.1%	11.2%	50.9%	6.9%	0.0%	1.9%	-1.9%	-16.9K	-2.8M	-12.4K	2.00	96.98	2	4	517	864
2023-02-10	$124.94	$100.00	40.1%	11.5%	48.8%	7.6%	40.8%	5.6%	-0.1%	-21.7K	-2.9M	-12.5K	7.00	84.62	1	7	517	867
2023-02-13	$125.82	$105.00	41.3%	11.8%	48.8%	8.4%	0.0%	5.1%	-2.0%	-7.8K	-3.1M	-12.2K	36.33	85.33	3	109	517	869
2023-02-14	$127.61	$105.00	37.3%	10.7%	48.9%	5.7%	0.0%	8.3%	-1.2%	104.0K	-3.7M	-11.3K	0.03	84.17	69	2	519	855
2023-02-15	$129.06	$105.00	36.7%	10.5%	48.4%	5.3%	34.8%	2.1%	1.3%	102.0K	-4.0M	-12.9K	3.36	84.60	11	37	588	855
2023-02-16	$128.13	$115.00	38.5%	11.0%	47.0%	6.5%	0.0%	5.0%	-1.0%	70.2K	-3.6M	-13.2K	0.00	86.77	1	0	597	892
2023-02-17	$130.82	$115.00	38.1%	10.9%	47.2%	6.3%	34.9%	5.9%	-0.8%	137.1K	-4.1M	-13.1K	0.03	88.52	80	2	596	892
2023-02-21	$128.84	$115.00	41.8%	12.0%	47.8%	8.7%	43.6%	-1.6%	-2.8%	102.1K	-3.3M	-15.0K	0.11	89.14	64	7	581	65
2023-02-22	$127.11	$115.00	40.4%	11.6%	47.7%	7.8%	33.8%	4.7%	-0.7%	108.5K	-3.3M	-16.6K	0.03	89.99	60	2	644	72
2023-02-23	$130.54	$115.00	39.4%	11.3%	44.5%	7.1%	0.0%	2.0%	-2.0%	123.2K	-3.9M	-18.8K	0.00	92.85	20	0	704	74
2023-02-24	$129.78	$115.00	37.2%	10.7%	44.7%	5.6%	37.4%	0.7%	2.9%	126.0K	-3.9M	-19.2K	7.00	102.50	1	7	724	74
2023-02-27	$131.30	$115.00	41.1%	11.8%	34.2%	8.2%	40.7%	-1.0%	-1.8%	128.9K	-4.2M	-19.4K	0.00	95.33	0	5	727	76
2023-02-28	$133.08	$115.00	41.0%	11.7%	30.0%	8.1%	37.1%	11.3%	-5.8%	128.3K	-4.4M	-19.8K	1.60	97.32	5	8	727	77