APPF Options History — September 2024

In September 2024, APPF traded between $220.86 and $238.28. ATM implied volatility averaged 34.0%, placing in the 27.8% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 14.4% (HV 20d: 19.6%). Max pain ranged from $195.00 to $230.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.41.

Notable Days

2024-09-20: Highest Volume — 259 contracts
2024-09-11: Largest IV drop — 14.0% change
2024-09-09: Highest IV Rank — 51.0%
2024-09-04: Largest Expected Move — 10.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$229.53	$220.86	$238.28	$229.50	$233.27
Max Pain	$223.50	$195.00	$230.00	$195.00	$220.00
ATM IV	34.0%	29.4%	42.4%	35.2%	33.5%
Expected Move	9.5%	8.4%	10.6%	10.1%	9.6%
HV 20d	19.6%	15.2%	23.2%	23.2%	15.5%
HV 60d	34.9%	33.8%	35.8%	35.8%	33.8%
IV Rank	27.8%	15.1%	51.0%	31.1%	26.4%
IV Percentile	31.2%	1.6%	78.6%	48.0%	27.0%
Term Structure	7.0%	-3.2%	12.0%	-1.6%	10.0%
VWIV	33.8%	27.2%	47.3%	34.8%	30.5%
Skew 25d	2.3%	-3.1%	8.0%	8.0%	-2.3%
Skew 10d	5.8%	-4.9%	17.9%	-0.1%	17.9%
Call IV 25d	33.7%	28.3%	40.5%	30.6%	40.5%
Put IV 25d	36.1%	30.1%	40.0%	38.6%	38.2%
Bid-Ask Spread %	91.60	84.45	98.19	93.71	94.98
Gamma HHI	0.26	0.15	0.38	0.29	0.16
Net GEX	432.1K	231.3K	741.9K	607.3K	253.7K
Net DEX	-9.7M	-11.8M	-6.5M	-11.8M	-9.9M
Net VEX	-51.9K	-60.4K	-45.3K	-60.4K	-46.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.41	0.00	3.13	3.13	0.17
Total Volume	60.2	8	259	99	21
Total OI	2,292	1,968	2,454	2,339	2,026

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
2024-09-03	$229.50	$195.00	35.2%	10.1%	23.2%	31.1%	34.8%	8.0%	-1.6%	607.3K	-11.8M	-60.4K	3.13	93.71	24	75	1,714	625
2024-09-04	$227.11	$195.00	37.0%	10.6%	22.7%	36.2%	35.3%	3.6%	-3.2%	496.0K	-9.3M	-59.8K	0.02	90.75	60	1	1,714	682
2024-09-05	$226.74	$230.00	35.9%	10.0%	22.5%	33.2%	34.3%	0.4%	4.0%	498.6K	-9.3M	-59.8K	0.00	84.45	86	0	1,718	682
2024-09-06	$223.84	$230.00	38.7%	10.2%	22.7%	41.0%	0.0%	5.0%	4.4%	456.0K	-8.1M	-58.6K	0.32	85.10	34	11	1,739	682
2024-09-09	$221.92	$230.00	42.4%	10.5%	22.8%	51.0%	36.2%	0.7%	3.9%	388.8K	-6.9M	-55.1K	0.11	87.59	47	5	1,736	678
2024-09-10	$220.86	$230.00	40.5%	10.2%	22.8%	45.8%	47.3%	2.7%	5.8%	364.0K	-6.5M	-55.4K	0.00	85.46	10	0	1,742	678
2024-09-11	$223.75	$230.00	34.8%	10.0%	22.1%	30.1%	0.0%	2.5%	5.2%	419.2K	-7.3M	-53.0K	0.00	89.01	47	0	1,741	678
2024-09-12	$223.78	$230.00	33.7%	9.7%	22.1%	26.9%	39.0%	-3.1%	7.0%	394.9K	-7.8M	-55.3K	0.00	91.88	91	0	1,740	678
2024-09-13	$225.33	$230.00	33.8%	9.7%	21.3%	27.4%	0.0%	1.4%	7.3%	475.9K	-8.2M	-51.9K	0.03	91.40	63	2	1,752	678
2024-09-16	$227.50	$230.00	33.0%	9.5%	21.0%	25.0%	34.3%	2.0%	7.4%	592.9K	-9.9M	-53.8K	0.15	91.49	27	4	1,750	679
2024-09-17	$229.00	$230.00	33.2%	9.5%	20.1%	25.6%	33.0%	2.4%	6.3%	573.9K	-9.5M	-50.4K	0.04	90.81	81	3	1,742	677
2024-09-18	$229.99	$230.00	31.8%	9.1%	19.8%	21.7%	33.4%	1.3%	6.8%	624.1K	-10.9M	-50.9K	0.45	93.32	31	14	1,746	679
2024-09-19	$231.63	$230.00	31.9%	9.1%	17.5%	22.0%	32.1%	-1.0%	10.2%	741.9K	-10.9M	-48.0K	1.50	94.39	30	45	1,756	680
2024-09-20	$234.84	$230.00	29.8%	8.6%	17.7%	16.4%	28.3%	5.7%	11.9%	231.3K	-10.8M	-47.8K	0.01	94.46	257	2	1,764	690
2024-09-23	$235.93	$220.00	29.6%	8.5%	16.9%	15.8%	27.2%	1.4%	12.0%	282.9K	-11.0M	-45.3K	0.41	95.30	49	20	1,334	634
2024-09-24	$238.28	$220.00	29.4%	8.4%	15.2%	15.1%	29.3%	4.3%	11.7%	327.6K	-11.7M	-47.1K	0.07	94.44	14	1	1,340	654
2024-09-25	$235.02	$220.00	32.6%	9.3%	15.8%	24.0%	32.3%	1.2%	9.0%	277.9K	-10.8M	-46.7K	0.15	91.48	13	2	1,345	655
2024-09-26	$237.13	$220.00	32.3%	9.3%	15.3%	23.2%	30.5%	4.9%	9.7%	316.7K	-11.4M	-47.2K	1.60	93.79	10	16	1,355	657
2024-09-27	$235.12	$220.00	30.4%	8.7%	15.6%	17.9%	0.0%	5.7%	11.3%	318.2K	-11.5M	-46.2K	0.14	98.19	7	1	1,352	668
2024-09-30	$233.27	$220.00	33.5%	9.6%	15.5%	26.4%	0.0%	-2.3%	10.0%	253.7K	-9.9M	-46.0K	0.17	94.98	18	3	1,357	669