APPF Options History — March 2025

In March 2025, APPF traded between $207.44 and $229.56. ATM implied volatility averaged 38.7%, placing in the 36.3% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded above realized volatility by 9.4% (HV 20d: 29.3%). Max pain ranged from $155.00 to $230.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.89.

Notable Days

  • 2025-03-04: Highest Volume — 98 contracts
  • 2025-03-10: Largest IV spike — 22.8% change
  • 2025-03-10: Highest IV Rank — 60.4%
  • 2025-03-31: Largest Expected Move — 14.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$218.11$207.44$229.56$212.74$221.25
Max Pain$200.50$155.00$230.00$230.00$190.00
ATM IV38.7%34.5%48.4%41.6%38.8%
Expected Move12.5%11.0%14.0%11.9%14.0%
HV 20d29.3%22.7%36.5%22.7%36.5%
HV 60d33.0%31.4%35.0%31.4%35.0%
IV Rank36.3%26.1%60.4%43.5%36.5%
IV Percentile67.3%48.0%85.3%75.8%70.2%
Term Structure4.7%-3.4%11.6%-3.4%11.2%
VWIV43.1%34.8%49.5%42.1%49.5%
Skew 25d3.8%0.6%5.8%2.5%1.4%
Skew 10d7.4%0.2%11.2%4.7%10.7%
Call IV 25d36.6%32.7%40.7%40.7%38.4%
Put IV 25d40.4%36.9%45.2%43.2%39.8%
Bid-Ask Spread %65.3534.0488.2380.1935.69
Gamma HHI0.130.080.290.090.12
Net GEX189.9K74.0K363.3K76.5K203.5K
Net DEX-4.8M-7.4M-2.1M-3.3M-5.8M
Net VEX-39.4K-45.2K-35.4K-42.2K-36.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.890.0214.000.0814.00
Total Volume31.6679985515
Total OI1,453.6671,2121,5851,4351,322

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-03-03$212.74$230.0041.6%11.9%22.7%43.5%42.1%2.5%-3.4%76.5K-3.3M-42.2K0.0880.19514976459
2025-03-04$220.45$230.0039.9%11.4%25.0%39.3%39.6%4.2%-1.0%137.1K-5.0M-44.3K0.1778.8084141,018461
2025-03-05$223.64$220.0041.5%11.9%23.7%43.2%40.6%4.5%2.3%207.9K-6.5M-45.2K0.0281.966411,060452
2025-03-06$219.31$220.0040.0%11.5%24.3%39.5%42.2%2.9%2.4%176.9K-5.5M-44.1K0.8885.24871,054451
2025-03-07$221.11$220.0039.5%11.3%24.5%38.2%34.8%5.8%2.2%176.6K-5.4M-43.3K1.0082.87991,050453
2025-03-10$215.47$220.0048.4%13.9%25.4%60.4%48.0%5.3%0.2%145.3K-4.4M-42.3K0.4387.09731,047456
2025-03-11$215.49$220.0039.7%13.8%25.4%38.9%47.2%4.9%2.0%135.8K-4.3M-42.1K0.1886.541121,052457
2025-03-12$208.54$220.0039.1%12.7%26.8%37.4%42.7%4.4%3.5%80.0K-2.3M-39.6K2.7587.424111,062457
2025-03-13$207.44$220.0040.3%13.4%26.0%40.3%42.6%3.8%1.2%74.0K-2.1M-38.9K0.0388.236321,062459
2025-03-14$215.75$220.0038.5%11.0%29.7%35.9%41.2%4.4%1.8%216.6K-4.4M-40.4K0.9288.1913121,107457
2025-03-17$217.06$200.0035.9%11.5%29.8%29.4%39.1%2.4%3.4%270.6K-4.8M-39.3K0.5038.04631,112454
2025-03-18$212.32$200.0039.4%11.7%30.1%38.0%40.8%2.8%0.9%176.5K-3.2M-37.3K0.3648.731141,114454
2025-03-19$218.21$200.0037.5%11.4%31.1%33.4%0.0%5.1%2.3%359.0K-4.8M-37.8K2.3563.6023541,118458
2025-03-20$216.87$0.0037.3%13.0%31.2%33.1%42.2%3.2%8.2%363.3K-4.3M-36.9K1.7172.497121,127458
2025-03-21$215.17$155.0036.8%13.0%30.7%31.8%45.3%4.7%8.6%129.4K-3.4M-35.5K5.5047.602111,127456
2025-03-24$220.86$155.0034.5%13.1%31.8%26.1%0.0%3.6%11.6%168.3K-5.2M-35.4K0.4353.39219860352
2025-03-25$229.56$155.0035.1%13.1%33.9%27.6%46.1%5.2%10.7%230.6K-7.4M-36.7K0.1349.84152881352
2025-03-26$224.55$155.0036.4%13.2%35.1%30.9%48.4%4.0%9.6%219.7K-6.6M-36.5K7.5042.40215904352
2025-03-27$225.26$190.0034.7%13.0%34.8%26.6%44.1%3.5%10.5%231.7K-7.1M-36.8K0.1934.04377908366
2025-03-28$219.20$190.0037.1%13.2%36.4%32.5%0.0%0.6%10.1%208.8K-5.9M-36.5K0.5040.122010933369
2025-03-31$221.25$190.0038.8%14.0%36.5%36.5%49.5%1.4%11.2%203.5K-5.8M-36.1K14.0035.69114943379