APPF Options History — July 2023

In July 2023, APPF traded between $170.30 and $193.94. ATM implied volatility averaged 40.9%, placing in the 8.1% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 13.9% (HV 20d: 27.0%). Max pain ranged from $120.00 to $155.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.37.

Notable Days

2023-07-27: Highest Volume — 328 contracts
2023-07-28: Largest IV drop — 32.1% change
2023-07-27: Highest IV Rank — 16.4%
2023-07-27: Largest Expected Move — 15.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$181.34	$170.30	$193.94	$172.92	$179.05
Max Pain	$133.00	$120.00	$155.00	$120.00	$155.00
ATM IV	40.9%	29.9%	53.5%	35.5%	34.6%
Expected Move	12.1%	8.6%	15.3%	10.2%	9.9%
HV 20d	27.0%	22.9%	34.0%	34.0%	27.6%
HV 60d	37.2%	33.8%	38.9%	38.2%	34.1%
IV Rank	8.1%	0.9%	16.4%	4.5%	3.9%
IV Percentile	46.4%	0.4%	91.3%	15.5%	13.1%
Term Structure	-3.7%	-7.5%	13.5%	3.9%	-1.1%
VWIV	43.9%	26.7%	53.7%	43.5%	38.2%
Skew 25d	2.7%	-1.8%	5.0%	-1.8%	4.0%
Skew 10d	13.0%	-2.6%	23.6%	4.0%	15.6%
Call IV 25d	41.6%	32.5%	51.3%	36.1%	33.6%
Put IV 25d	44.3%	34.4%	55.2%	34.4%	37.6%
Bid-Ask Spread %	73.58	60.92	98.33	95.10	83.72
Gamma HHI	0.13	0.10	0.19	0.12	0.16
Net GEX	147.3K	102.1K	185.9K	180.9K	151.8K
Net DEX	-11.5M	-16.3M	-5.3M	-12.4M	-6.0M
Net VEX	-20.9K	-24.6K	-18.4K	-19.7K	-24.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.37	0.00	2.40	0.03	0.04
Total Volume	103.55	3	328	31	168
Total OI	1,374.2	1,184	1,817	1,224	1,817

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
2023-07-03	$172.92	$120.00	35.5%	10.2%	34.0%	4.5%	0.0%	-1.8%	3.9%	180.9K	-12.4M	-19.7K	0.03	95.10	30	1	1,059	165
2023-07-05	$172.58	$120.00	29.9%	8.6%	32.5%	0.9%	0.0%	1.8%	13.5%	182.3K	-12.2M	-19.5K	0.00	98.33	0	34	1,050	166
2023-07-06	$170.30	$120.00	34.2%	12.5%	33.2%	3.7%	43.5%	4.9%	-3.9%	185.1K	-11.7M	-19.1K	0.00	67.39	0	3	1,050	198
2023-07-07	$171.63	$120.00	34.8%	12.0%	33.2%	4.0%	45.6%	3.1%	-4.0%	185.9K	-11.9M	-19.1K	0.07	67.16	28	2	1,050	201
2023-07-10	$174.75	$125.00	37.9%	11.8%	31.2%	6.1%	52.9%	2.5%	-4.2%	170.3K	-12.7M	-19.2K	0.50	60.92	10	5	1,076	203
2023-07-11	$176.42	$125.00	35.2%	12.2%	31.2%	4.3%	0.0%	1.3%	-4.7%	163.5K	-13.2M	-18.7K	0.16	66.04	32	5	1,084	208
2023-07-12	$181.68	$125.00	43.1%	12.3%	23.6%	9.5%	26.7%	-0.8%	-5.8%	151.8K	-13.6M	-18.4K	2.40	66.38	5	12	1,052	213
2023-07-13	$186.39	$125.00	42.6%	12.2%	24.9%	9.2%	42.8%	2.9%	-5.3%	128.9K	-14.4M	-18.5K	0.05	71.09	42	2	1,049	234
2023-07-14	$188.19	$125.00	43.0%	12.3%	24.4%	9.5%	43.8%	1.8%	-7.0%	146.2K	-14.5M	-18.4K	0.25	70.31	24	6	1,041	235
2023-07-17	$192.93	$125.00	44.1%	12.6%	24.2%	10.2%	43.8%	3.4%	-5.9%	150.5K	-15.8M	-18.4K	0.55	72.23	74	41	1,060	238
2023-07-18	$193.94	$125.00	41.4%	11.9%	22.9%	8.4%	43.1%	1.3%	-5.6%	165.7K	-16.0M	-19.9K	0.18	70.54	132	24	1,076	277
2023-07-19	$192.80	$125.00	43.6%	12.5%	23.2%	9.9%	43.4%	3.5%	-5.5%	159.1K	-16.3M	-21.3K	1.45	68.01	20	29	1,116	295
2023-07-20	$188.21	$145.00	44.2%	12.7%	24.0%	10.3%	50.8%	4.7%	-4.6%	123.4K	-15.2M	-22.2K	0.09	74.82	172	16	1,126	324
2023-07-21	$184.72	$145.00	44.3%	12.7%	24.5%	10.4%	43.6%	-1.0%	-4.7%	109.3K	-14.4M	-22.7K	0.02	75.36	293	5	1,256	339
2023-07-24	$182.93	$145.00	45.9%	13.2%	23.6%	11.4%	48.6%	4.2%	-5.7%	104.4K	-6.3M	-22.6K	0.00	70.69	159	0	896	288
2023-07-25	$183.12	$145.00	45.0%	12.9%	23.4%	10.8%	42.1%	4.6%	-3.5%	116.2K	-6.5M	-24.0K	0.09	70.23	129	12	1,053	288
2023-07-26	$177.64	$145.00	48.4%	13.9%	25.6%	13.0%	46.4%	4.4%	-7.3%	105.9K	-5.6M	-23.7K	0.32	73.58	97	31	1,156	296
2023-07-27	$175.90	$145.00	53.5%	15.3%	25.9%	16.4%	53.7%	4.0%	-7.5%	102.1K	-5.3M	-24.3K	0.13	70.99	290	38	1,185	314
2023-07-28	$180.63	$155.00	36.3%	10.4%	27.3%	5.1%	37.1%	5.0%	-4.3%	161.8K	-6.2M	-24.6K	0.35	78.74	74	26	1,392	358
2023-07-31	$179.05	$155.00	34.6%	9.9%	27.6%	3.9%	38.2%	4.0%	-1.1%	151.8K	-6.0M	-24.3K	0.04	83.72	162	6	1,445	372