APPF Options History — March 2024

In March 2024, APPF traded between $221.26 and $248.59. ATM implied volatility averaged 37.8%, placing in the 25.2% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 8.4% (HV 20d: 29.4%). Max pain ranged from $210.00 to $220.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.81.

Notable Days

  • 2024-03-26: Highest Volume — 309 contracts
  • 2024-03-13: Largest IV drop — 25.1% change
  • 2024-03-12: Highest IV Rank — 44.7%
  • 2024-03-06: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$231.20$221.26$248.59$242.20$247.32
Max Pain$219.00$210.00$220.00$220.00$220.00
ATM IV37.8%32.3%48.7%35.9%32.5%
Expected Move10.3%9.3%11.4%10.3%9.3%
HV 20d29.4%23.0%38.7%29.6%38.7%
HV 60d59.4%58.8%61.3%59.5%61.0%
IV Rank25.2%14.0%44.7%15.8%14.8%
IV Percentile50.5%11.1%93.7%48.8%13.9%
Term Structure9.1%-0.3%14.2%-0.3%10.6%
VWIV36.3%32.6%39.2%39.2%32.6%
Skew 25d1.0%-1.4%3.2%-1.4%1.7%
Skew 10d4.2%-1.3%12.0%2.2%0.0%
Call IV 25d36.1%31.2%39.3%38.5%31.2%
Put IV 25d37.2%32.6%40.7%37.1%32.9%
Bid-Ask Spread %85.4174.4591.9688.6188.08
Gamma HHI0.160.130.390.160.14
Net GEX317.9K-477.5K544.1K484.0K492.4K
Net DEX-19.1M-27.1M-13.6M-27.1M-25.8M
Net VEX-85.7K-99.3K-73.5K-99.3K-74.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.002.371.550.35
Total Volume96.851430956115
Total OI3,491.953,0433,8423,7033,281

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-03-01$242.20$220.0035.9%10.3%29.6%15.8%39.2%-1.4%-0.3%484.0K-27.1M-99.3K1.5588.6122341,9471,756
2024-03-04$238.08$220.0040.5%10.8%30.4%26.2%38.0%3.2%6.4%468.8K-24.7M-96.1K0.7780.2557441,9451,746
2024-03-05$229.92$220.0044.3%11.0%31.9%34.9%38.8%1.1%7.6%373.4K-19.8M-94.9K2.3774.45511211,9421,786
2024-03-06$225.25$220.0044.1%11.4%32.4%34.5%39.0%1.9%6.7%287.0K-16.8M-94.4K0.2982.6758171,9311,841
2024-03-07$228.74$220.0041.6%11.1%31.1%28.8%38.6%0.7%7.4%347.6K-18.9M-95.7K0.2880.152981,9421,854
2024-03-08$228.13$220.0041.8%11.2%30.7%29.1%38.5%0.8%6.5%315.7K-18.2M-94.5K1.3182.3326341,9291,855
2024-03-11$227.19$220.0046.3%10.9%30.3%39.3%38.8%1.5%8.2%295.8K-17.7M-89.4K0.6684.5032211,9341,880
2024-03-12$224.87$220.0048.7%10.9%30.4%44.7%37.6%2.8%7.7%229.2K-15.6M-87.4K1.2485.9421261,9381,877
2024-03-13$225.61$220.0036.4%10.4%29.6%17.1%37.4%1.5%9.0%236.1K-15.9M-88.9K1.1186.499101,9441,895
2024-03-14$222.17$220.0037.1%10.6%29.2%29.0%37.7%-1.1%8.0%60.4K-13.8M-85.9K1.5780.8021331,9451,897
2024-03-15$221.26$220.0035.6%10.2%25.6%27.4%36.3%0.5%10.0%-477.5K-13.6M-83.7K0.1583.03101151,9361,879
2024-03-18$221.74$220.0035.0%10.0%23.3%25.0%35.2%1.2%10.8%309.4K-14.1M-80.7K0.8585.1126221,6241,419
2024-03-19$223.39$220.0034.6%9.9%23.6%23.1%35.4%1.4%11.3%311.9K-14.6M-80.5K1.8089.73591,6191,434
2024-03-20$227.94$220.0033.8%9.7%23.1%20.1%34.1%0.6%11.1%346.7K-16.4M-78.2K0.0090.581401,6181,438
2024-03-21$233.47$220.0033.7%9.7%24.2%19.5%34.8%0.3%11.5%367.2K-19.1M-77.3K0.5786.871921091,6221,438
2024-03-22$233.51$210.0033.3%9.6%23.0%18.2%33.1%1.1%12.1%451.8K-20.1M-81.7K0.4988.0687431,7221,442
2024-03-25$227.39$220.0034.0%9.7%23.7%20.9%34.6%0.7%12.1%416.5K-17.1M-80.4K0.1587.984061,7311,461
2024-03-26$247.14$210.0034.2%9.8%38.6%21.7%33.9%1.1%11.7%544.1K-26.8M-76.7K0.2891.96242671,7371,458
2024-03-27$248.59$220.0032.3%9.3%38.6%14.0%32.8%0.6%14.2%496.6K-26.5M-73.5K0.4590.51117531,7181,478
2024-03-28$247.32$220.0032.5%9.3%38.7%14.8%32.6%1.7%10.6%492.4K-25.8M-74.9K0.3588.0885301,7651,516