APPF Options History — March 2023

In March 2023, APPF traded between $115.80 and $130.80. ATM implied volatility averaged 44.0%, placing in the 10.1% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 11.5% (HV 20d: 32.5%). Max pain ranged from $110.00 to $120.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 19 of 23 days. Put/call ratio averaged 0.98.

Notable Days

2023-03-29: Highest Volume — 87 contracts
2023-03-13: Largest IV spike — 29.3% change
2023-03-13: Highest IV Rank — 29.4%
2023-03-28: Largest Expected Move — 13.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$121.95	$115.80	$130.80	$130.15	$123.99
Max Pain	$115.22	$110.00	$120.00	$115.00	$110.00
ATM IV	44.0%	34.7%	73.2%	39.9%	34.7%
Expected Move	11.6%	9.9%	13.1%	11.4%	9.9%
HV 20d	32.5%	25.4%	36.5%	31.7%	35.5%
HV 60d	40.0%	38.9%	41.6%	40.2%	38.9%
IV Rank	10.1%	4.0%	29.4%	7.4%	4.0%
IV Percentile	36.4%	2.4%	98.8%	16.7%	2.4%
Term Structure	2.9%	-5.8%	10.1%	-2.0%	10.1%
VWIV	41.9%	30.9%	61.9%	43.8%	33.7%
Skew 25d	5.7%	-3.2%	13.9%	1.4%	7.0%
Skew 10d	12.0%	-7.1%	31.3%	15.9%	-0.5%
Call IV 25d	41.3%	30.4%	50.6%	44.9%	38.9%
Put IV 25d	47.0%	39.0%	54.7%	46.3%	45.9%
Bid-Ask Spread %	90.91	83.85	99.13	91.65	93.71
Gamma HHI	0.17	0.12	0.21	0.14	0.19
Net GEX	123.5K	87.2K	168.5K	126.7K	112.3K
Net DEX	-2.9M	-4.6M	-2.1M	-3.9M	-3.0M
Net VEX	-15.5K	-19.3K	-13.2K	-19.0K	-14.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.98	0.00	8.00	0.11	3.80
Total Volume	17.565	0	87	60	24
Total OI	805.565	714	867	809	811

Daily Data (23 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
2023-03-01	$130.15	$115.00	39.9%	11.4%	31.7%	7.4%	43.8%	1.4%	-2.0%	126.7K	-3.9M	-19.0K	0.11	91.65	54	6	730	79
2023-03-02	$130.15	$115.00	42.9%	12.3%	27.0%	9.4%	35.2%	-3.2%	-5.8%	153.0K	-4.5M	-19.3K	0.00	99.13	0	34	783	80
2023-03-03	$129.54	$115.00	40.1%	11.5%	27.2%	7.5%	30.9%	5.7%	-4.2%	162.7K	-4.4M	-18.7K	0.00	98.99	0	2	783	73
2023-03-06	$130.80	$120.00	40.2%	10.7%	26.5%	7.6%	34.4%	5.0%	1.4%	163.0K	-4.6M	-18.5K	0.20	84.76	5	1	783	74
2023-03-07	$126.88	$120.00	39.2%	10.7%	28.9%	6.9%	41.1%	2.8%	3.2%	160.8K	-3.9M	-17.8K	0.00	83.85	1	0	785	75
2023-03-08	$127.08	$120.00	41.3%	10.8%	25.4%	8.4%	36.1%	9.7%	2.2%	168.5K	-4.0M	-17.8K	0.00	87.63	0	2	791	75
2023-03-09	$122.16	$120.00	47.6%	11.2%	26.8%	12.5%	37.6%	4.8%	2.6%	153.1K	-3.2M	-16.8K	0.60	86.41	30	18	791	76
2023-03-10	$115.80	$115.00	56.6%	12.0%	32.6%	18.5%	43.4%	6.2%	0.9%	115.5K	-2.2M	-14.8K	0.83	85.28	6	5	786	76
2023-03-13	$117.03	$115.00	73.2%	12.3%	33.0%	29.4%	43.0%	7.3%	0.1%	119.6K	-2.3M	-15.1K	8.00	90.80	2	16	785	75
2023-03-14	$118.75	$115.00	57.2%	11.8%	33.4%	18.8%	0.0%	6.8%	2.3%	133.3K	-2.5M	-15.0K	0.00	89.73	12	0	785	69
2023-03-15	$119.37	$115.00	42.8%	12.3%	32.9%	9.3%	48.9%	3.6%	-0.2%	144.8K	-2.7M	-15.3K	0.14	84.21	7	1	785	69
2023-03-16	$121.80	$115.00	42.9%	12.3%	33.6%	9.4%	44.4%	9.2%	3.1%	160.5K	-2.9M	-15.3K	0.00	90.39	5	0	788	68
2023-03-17	$116.71	$115.00	43.3%	12.4%	36.4%	9.6%	43.7%	5.5%	3.3%	87.2K	-2.2M	-13.5K	0.19	87.94	27	5	792	68
2023-03-20	$117.73	$115.00	40.2%	11.5%	35.6%	7.6%	40.3%	2.8%	5.4%	91.1K	-2.1M	-13.5K	0.00	88.70	2	0	675	39
2023-03-21	$120.04	$115.00	39.4%	11.3%	36.4%	7.1%	0.0%	13.9%	5.6%	97.7K	-2.4M	-14.3K	0.00	89.39	5	0	676	39
2023-03-22	$118.16	$115.00	41.2%	11.8%	36.5%	8.3%	0.0%	12.3%	5.2%	93.6K	-2.2M	-13.2K	0.00	98.77	5	0	681	39
2023-03-23	$117.46	$115.00	42.7%	12.2%	34.7%	9.3%	0.0%	-0.4%	6.4%	92.2K	-2.1M	-13.2K	0.00	91.30	0	0	686	39
2023-03-24	$118.05	$115.00	44.5%	12.8%	34.9%	10.5%	38.9%	2.4%	0.6%	90.3K	-2.2M	-13.3K	0.00	95.34	11	0	686	40
2023-03-27	$119.72	$115.00	44.0%	12.6%	35.0%	10.2%	47.1%	9.0%	5.7%	99.7K	-2.6M	-14.3K	0.00	90.72	2	0	696	40
2023-03-28	$119.11	$115.00	45.5%	13.1%	34.4%	11.1%	48.7%	4.7%	5.6%	98.6K	-2.5M	-13.8K	0.00	94.13	0	1	697	40
2023-03-29	$121.54	$110.00	37.3%	10.7%	34.9%	5.7%	42.2%	9.0%	7.9%	107.8K	-2.7M	-14.2K	0.01	92.01	86	1	697	39
2023-03-30	$122.85	$110.00	35.6%	10.2%	35.3%	4.6%	61.9%	4.6%	7.6%	108.9K	-2.8M	-14.3K	3.67	96.04	6	22	744	40
2023-03-31	$123.99	$110.00	34.7%	9.9%	35.5%	4.0%	33.7%	7.0%	10.1%	112.3K	-3.0M	-14.5K	3.80	93.71	5	19	750	61