APPF Options History — November 2023

In November 2023, APPF traded between $185.27 and $211.24. ATM implied volatility averaged 34.1%, placing in the 12.3% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded below realized volatility by 7.7% (HV 20d: 41.8%). Max pain ranged from $170.00 to $200.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.49.

Notable Days

  • 2023-11-03: Highest Volume — 347 contracts
  • 2023-11-07: Largest IV spike — 18.9% change
  • 2023-11-07: Highest IV Rank — 30.1%
  • 2023-11-02: Largest Expected Move — 10.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$196.43$185.27$211.24$185.27$188.58
Max Pain$192.86$170.00$200.00$175.00$200.00
ATM IV34.1%31.6%42.1%36.2%32.6%
Expected Move9.7%9.1%10.5%10.4%9.4%
HV 20d41.8%33.1%46.9%35.2%42.5%
HV 60d36.9%34.9%39.2%36.7%35.6%
IV Rank12.3%6.6%30.1%16.9%9.0%
IV Percentile22.2%5.2%65.1%34.1%14.3%
Term Structure1.4%-1.8%4.8%-1.8%4.8%
VWIV34.5%30.9%39.8%35.5%33.7%
Skew 25d2.7%-3.1%8.4%2.6%0.1%
Skew 10d6.5%-1.2%12.8%10.7%1.9%
Call IV 25d33.4%29.7%36.3%35.9%34.8%
Put IV 25d36.0%32.3%39.4%38.6%34.9%
Bid-Ask Spread %77.2666.4987.7580.8087.63
Gamma HHI0.260.130.690.260.13
Net GEX319.5K1.2K1.4M182.9K1.2K
Net DEX-7.7M-14.7M-3.2M-4.6M-3.2M
Net VEX-46.6K-56.5K-27.6K-27.6K-50.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.490.059.620.421.62
Total Volume125.2381734717157
Total OI1,942.9521,1982,3101,1982,220

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$185.27$175.0036.2%10.4%35.2%16.9%35.5%2.6%-1.8%182.9K-4.6M-27.6K0.4280.80125814384
2023-11-02$186.09$180.0037.1%10.5%33.1%19.0%38.8%5.2%-0.9%191.4K-4.7M-27.6K1.2569.091215819386
2023-11-03$199.48$170.0033.2%9.5%41.5%10.2%34.8%-0.9%0.2%313.8K-8.7M-28.9K1.3975.25145202831392
2023-11-06$198.22$180.0035.4%9.9%41.3%15.0%35.4%3.6%2.1%328.9K-9.3M-39.7K0.2069.798918951586
2023-11-07$198.44$185.0042.1%10.1%40.8%30.1%34.7%-3.1%1.6%358.4K-9.6M-40.6K0.3866.59143541,029594
2023-11-08$201.01$190.0035.0%10.0%39.9%14.2%36.3%1.1%0.1%433.4K-10.6M-42.8K9.6266.49292791,117637
2023-11-09$199.25$195.0034.8%10.0%39.0%13.9%39.8%3.6%2.4%395.5K-9.3M-49.8K0.3268.052271,138913
2023-11-10$199.38$195.0032.8%9.4%38.3%9.4%34.2%4.4%0.5%400.0K-9.3M-50.0K1.8680.0221391,141920
2023-11-13$198.70$195.0033.3%9.5%37.8%10.4%0.0%4.1%1.5%407.2K-8.9M-48.8K0.2373.3561141,143952
2023-11-14$211.24$195.0032.3%9.3%42.9%8.2%33.4%2.1%2.1%501.7K-14.7M-43.1K0.6874.83115781,159957
2023-11-15$200.25$200.0034.7%9.9%46.9%13.6%35.0%3.6%0.4%498.8K-9.9M-51.5K1.3477.5844591,2011,011
2023-11-16$199.69$200.0032.6%9.3%46.8%8.7%33.4%0.3%3.0%529.4K-9.4M-52.7K0.6776.2576511,2191,042
2023-11-17$199.86$200.0032.4%9.3%45.0%8.5%32.9%0.2%2.0%1.4M-9.7M-52.4K0.1076.29266261,2511,059
2023-11-20$200.02$190.0031.6%9.1%44.9%6.6%32.5%3.0%1.3%265.2K-8.7M-52.7K5.3378.27241281,097892
2023-11-21$196.26$200.0032.3%9.3%45.7%8.2%32.0%3.6%2.6%121.4K-6.2M-53.9K2.5078.54601501,0961,019
2023-11-22$196.82$200.0032.0%9.2%44.1%7.5%30.9%5.7%0.1%146.6K-6.4M-56.5K0.0581.054021,1061,027
2023-11-24$192.53$200.0034.5%9.9%45.2%13.1%36.8%8.4%0.1%98.0K-4.8M-54.5K1.0487.4823241,1161,026
2023-11-27$195.38$200.0033.4%9.6%42.0%10.7%33.4%3.0%0.9%93.1K-5.9M-53.0K1.5382.5217261,0951,069
2023-11-28$190.03$200.0033.8%9.7%43.0%11.5%33.2%2.0%3.4%24.3K-3.7M-51.0K0.5184.8041211,1081,073
2023-11-29$188.56$200.0034.6%9.9%42.7%13.4%33.5%3.3%1.9%18.8K-3.5M-50.3K0.1787.753051,1321,080
2023-11-30$188.58$200.0032.6%9.4%42.5%9.0%33.7%0.1%4.8%1.2K-3.2M-50.7K1.6287.6360971,1381,082