APPF Options History — April 2023

In April 2023, APPF traded between $123.29 and $138.88. ATM implied volatility averaged 42.9%, placing in the 9.4% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 14.7% (HV 20d: 28.3%). Max pain ranged from $110.00 to $125.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 2.50.

Notable Days

2023-04-21: Highest Volume — 205 contracts
2023-04-28: Largest IV drop — 23.4% change
2023-04-27: Highest IV Rank — 13.8%
2023-04-27: Largest Expected Move — 14.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$128.41	$123.29	$138.88	$126.91	$138.88
Max Pain	$117.11	$110.00	$125.00	$110.00	$125.00
ATM IV	42.9%	34.5%	49.5%	38.8%	37.9%
Expected Move	12.7%	10.5%	14.2%	11.1%	10.9%
HV 20d	28.3%	19.6%	42.4%	36.4%	42.4%
HV 60d	36.4%	32.8%	38.6%	38.6%	35.5%
IV Rank	9.4%	3.9%	13.8%	6.7%	6.1%
IV Percentile	37.9%	2.0%	67.9%	12.3%	9.5%
Term Structure	-3.1%	-7.6%	11.2%	8.0%	-3.0%
VWIV	48.3%	29.6%	69.6%	33.6%	41.3%
Skew 25d	7.9%	0.5%	13.7%	10.4%	7.3%
Skew 10d	20.3%	0.3%	33.9%	5.4%	32.1%
Call IV 25d	43.0%	34.5%	51.0%	36.7%	34.5%
Put IV 25d	50.9%	41.8%	57.7%	47.1%	41.8%
Bid-Ask Spread %	81.00	63.53	99.15	99.01	86.14
Gamma HHI	0.15	0.10	0.19	0.17	0.10
Net GEX	132.5K	110.3K	164.1K	123.0K	151.7K
Net DEX	-3.5M	-4.8M	-2.7M	-3.3M	-4.8M
Net VEX	-14.5K	-16.4K	-13.8K	-15.1K	-16.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.50	0.00	22.00	0.14	0.66
Total Volume	38.579	0	205	8	123
Total OI	893.474	822	1,109	822	1,109

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
2023-04-03	$126.91	$110.00	38.8%	11.1%	36.4%	6.7%	33.6%	10.4%	8.0%	123.0K	-3.3M	-15.1K	0.14	99.01	7	1	755	67
2023-04-04	$125.92	$110.00	36.6%	10.5%	34.9%	5.2%	46.8%	0.9%	11.2%	123.6K	-3.3M	-14.9K	0.25	97.13	8	2	761	67
2023-04-05	$123.29	$115.00	38.6%	11.1%	35.7%	6.6%	44.8%	7.3%	7.7%	115.8K	-2.9M	-14.1K	0.00	99.15	6	0	758	68
2023-04-06	$125.39	$115.00	34.5%	13.7%	33.2%	3.9%	29.6%	11.6%	-5.8%	117.9K	-3.1M	-14.8K	1.50	84.23	4	6	764	68
2023-04-10	$126.74	$115.00	42.2%	13.8%	26.3%	9.0%	0.0%	0.5%	-6.7%	127.8K	-3.3M	-14.4K	0.00	79.48	3	0	764	68
2023-04-11	$127.81	$115.00	40.1%	13.3%	26.2%	7.5%	0.0%	3.9%	-3.5%	130.3K	-3.4M	-14.5K	0.00	79.52	0	0	767	68
2023-04-12	$126.56	$115.00	45.4%	13.0%	26.4%	11.1%	0.0%	12.0%	-6.5%	124.9K	-3.3M	-14.3K	0.00	81.84	0	0	771	68
2023-04-13	$128.45	$115.00	45.2%	13.0%	26.7%	10.9%	0.0%	13.7%	-4.6%	132.7K	-3.5M	-13.9K	0.00	90.46	1	0	771	68
2023-04-14	$127.85	$115.00	42.6%	12.2%	26.2%	9.2%	0.0%	9.0%	-4.1%	132.2K	-3.4M	-14.4K	1.00	81.36	2	2	772	68
2023-04-17	$129.43	$115.00	43.0%	12.3%	20.2%	9.4%	49.2%	2.1%	-3.8%	147.7K	-3.7M	-14.0K	22.00	81.44	1	22	789	68
2023-04-18	$129.88	$115.00	43.1%	12.4%	20.1%	9.6%	49.5%	5.7%	-4.8%	152.2K	-3.8M	-14.0K	3.83	69.78	6	23	790	90
2023-04-19	$131.59	$115.00	43.9%	12.6%	19.6%	10.1%	0.0%	10.1%	-4.7%	154.9K	-4.1M	-14.1K	1.50	71.26	2	3	796	110
2023-04-20	$128.74	$115.00	45.6%	13.1%	20.6%	11.2%	56.5%	8.9%	-7.0%	149.0K	-3.6M	-13.8K	0.54	65.52	41	22	798	113
2023-04-21	$133.44	$115.00	44.7%	12.8%	23.0%	10.6%	49.6%	11.1%	-5.9%	164.1K	-4.6M	-15.5K	0.34	63.53	153	52	835	135
2023-04-24	$131.36	$125.00	45.5%	13.1%	24.3%	11.1%	52.3%	9.6%	-5.6%	131.8K	-3.6M	-15.4K	6.40	74.95	5	32	758	138
2023-04-25	$124.64	$125.00	49.3%	14.1%	31.6%	13.6%	69.6%	7.4%	-5.0%	111.3K	-2.7M	-13.8K	0.00	70.92	0	8	758	170
2023-04-26	$124.95	$125.00	49.1%	14.1%	31.5%	13.5%	51.1%	11.4%	-7.2%	110.3K	-2.7M	-14.2K	1.43	72.06	69	99	758	178
2023-04-27	$127.95	$125.00	49.5%	14.2%	31.7%	13.8%	53.7%	6.5%	-7.6%	116.9K	-3.1M	-14.9K	0.43	91.25	21	9	816	274
2023-04-28	$138.88	$125.00	37.9%	10.9%	42.4%	6.1%	41.3%	7.3%	-3.0%	151.7K	-4.8M	-16.4K	0.66	86.14	74	49	831	278