APPF Options History — December 2023

In December 2023, APPF traded between $173.43 and $194.18. ATM implied volatility averaged 36.4%, placing in the 17.1% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 4.2% (HV 20d: 32.2%). Max pain ranged from $185.00 to $200.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 2.75.

Notable Days

2023-12-11: Highest Volume — 314 contracts
2023-12-13: Largest IV drop — 30.3% change
2023-12-12: Highest IV Rank — 53.0%
2023-12-15: Largest Expected Move — 10.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$181.00	$173.43	$194.18	$188.63	$173.55
Max Pain	$187.25	$185.00	$200.00	$200.00	$185.00
ATM IV	36.4%	32.4%	52.3%	33.3%	32.4%
Expected Move	10.0%	9.3%	10.7%	9.5%	9.3%
HV 20d	32.2%	25.9%	42.5%	42.5%	25.9%
HV 60d	35.9%	34.8%	36.7%	35.6%	34.8%
IV Rank	17.1%	8.0%	53.0%	10.4%	8.0%
IV Percentile	39.4%	11.5%	96.8%	19.4%	11.5%
Term Structure	4.2%	-0.3%	12.8%	1.0%	12.8%
VWIV	35.4%	32.5%	41.2%	41.2%	34.3%
Skew 25d	3.6%	-1.2%	6.5%	3.4%	6.5%
Skew 10d	8.6%	0.3%	15.2%	12.1%	10.6%
Call IV 25d	33.7%	32.0%	36.4%	33.5%	32.9%
Put IV 25d	37.3%	33.5%	40.9%	36.8%	39.4%
Bid-Ask Spread %	77.36	69.74	84.91	84.91	83.45
Gamma HHI	0.12	0.10	0.18	0.15	0.10
Net GEX	-33.1K	-155.0K	76.4K	23.3K	-22.0K
Net DEX	-268.8K	-6.4M	2.2M	-3.1M	2.2M
Net VEX	-65.7K	-76.0K	-51.3K	-51.3K	-63.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.75	0.00	38.57	0.02	0.44
Total Volume	94.45	6	314	237	36
Total OI	2,662.7	2,252	2,911	2,252	2,735

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
2023-12-01	$188.63	$200.00	33.3%	9.5%	42.5%	10.4%	41.2%	3.4%	1.0%	23.3K	-3.1M	-51.3K	0.02	84.91	233	4	1,140	1,112
2023-12-04	$193.76	$185.00	34.3%	10.1%	35.5%	12.7%	35.7%	4.8%	-0.3%	76.4K	-6.4M	-54.3K	0.46	73.63	37	17	1,188	1,114
2023-12-05	$194.18	$185.00	38.2%	10.2%	35.4%	21.5%	34.1%	4.2%	2.2%	59.3K	-6.2M	-53.9K	0.25	69.74	36	9	1,182	1,119
2023-12-06	$190.97	$185.00	37.6%	10.4%	35.9%	20.0%	34.8%	2.4%	-0.3%	49.7K	-5.1M	-56.0K	38.57	75.08	7	270	1,211	1,119
2023-12-07	$181.56	$185.00	38.7%	10.7%	39.3%	22.6%	35.5%	5.8%	-0.3%	-120.7K	1.5M	-63.6K	1.81	74.70	88	159	1,214	1,375
2023-12-08	$183.66	$190.00	35.3%	10.0%	39.7%	14.8%	35.5%	4.3%	2.0%	-144.6K	1.1M	-67.2K	1.00	70.21	11	11	1,246	1,500
2023-12-11	$183.11	$190.00	40.6%	9.9%	39.7%	26.8%	34.4%	3.1%	4.7%	-155.0K	599.3K	-65.6K	0.93	72.91	163	151	1,255	1,503
2023-12-12	$180.13	$190.00	52.3%	10.2%	39.9%	53.0%	34.8%	3.3%	3.6%	-122.0K	982.5K	-71.5K	0.85	78.46	59	50	1,366	1,523
2023-12-13	$183.14	$190.00	36.4%	10.4%	32.5%	17.1%	35.1%	1.3%	3.5%	-90.7K	-778.4K	-76.0K	1.17	78.41	23	27	1,395	1,516
2023-12-14	$181.94	$190.00	35.8%	10.3%	27.6%	15.7%	35.7%	5.7%	4.7%	-102.0K	-193.8K	-74.7K	0.49	77.81	65	32	1,396	1,510
2023-12-15	$177.25	$190.00	37.3%	10.7%	28.6%	19.0%	36.3%	3.8%	1.9%	-72.1K	1.8M	-73.1K	0.15	78.07	120	18	1,407	1,487
2023-12-18	$177.09	$185.00	34.5%	9.9%	28.5%	12.6%	37.3%	4.3%	3.1%	2.6K	673.3K	-70.8K	3.69	79.71	13	48	1,297	1,357
2023-12-19	$177.60	$185.00	34.0%	9.8%	28.6%	11.6%	34.0%	0.9%	6.5%	8.4K	440.8K	-70.7K	1.00	76.17	7	7	1,310	1,383
2023-12-20	$175.39	$185.00	34.5%	9.9%	28.3%	12.8%	32.5%	6.0%	4.8%	-35.6K	1.6M	-68.8K	0.00	82.44	17	0	1,314	1,388
2023-12-21	$176.33	$185.00	35.4%	10.2%	28.4%	14.8%	35.3%	3.8%	3.2%	-9.2K	795.6K	-68.8K	1.22	76.23	9	11	1,312	1,384
2023-12-22	$177.38	$185.00	33.4%	9.6%	28.0%	10.3%	0.0%	-1.2%	7.9%	7.8K	366.9K	-68.7K	0.00	78.53	11	0	1,321	1,374
2023-12-26	$176.63	$185.00	35.4%	10.2%	27.1%	14.9%	35.9%	1.5%	6.5%	8.3K	837.0K	-66.8K	0.05	80.56	59	3	1,321	1,374
2023-12-27	$174.32	$185.00	34.3%	9.8%	25.9%	12.3%	35.3%	4.1%	7.9%	-5.9K	1.4M	-66.1K	0.00	77.30	0	6	1,375	1,377
2023-12-28	$173.43	$185.00	33.8%	9.7%	25.9%	11.2%	34.1%	3.7%	7.8%	-18.3K	2.0M	-63.2K	0.07	78.91	67	5	1,375	1,379
2023-12-29	$173.55	$185.00	32.4%	9.3%	25.9%	8.0%	34.3%	6.5%	12.8%	-22.0K	2.2M	-63.9K	0.44	83.45	25	11	1,353	1,382