APPF Options History — April 2025

In April 2025, APPF traded between $192.07 and $233.48. ATM implied volatility averaged 52.5%, placing in the 60.5% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded below realized volatility by 0.0% (HV 20d: 52.5%). Max pain ranged from $200.00 to $230.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.88.

Notable Days

  • 2025-04-24: Highest Volume — 1,416 contracts
  • 2025-04-25: Largest IV drop — 38.7% change
  • 2025-04-07: Highest IV Rank — 100.0%
  • 2025-04-08: Largest Expected Move — 18.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$217.20$192.07$233.48$221.35$204.19
Max Pain$218.57$200.00$230.00$220.00$200.00
ATM IV52.5%36.8%72.7%39.8%37.7%
Expected Move15.3%10.6%18.5%13.8%10.8%
HV 20d52.5%34.2%89.1%34.2%89.1%
HV 60d42.1%35.0%58.3%35.0%56.1%
IV Rank60.5%26.5%100.0%39.1%28.3%
IV Percentile87.0%60.3%100.0%73.4%64.7%
Term Structure-8.5%-16.6%8.2%8.2%-1.4%
VWIV52.2%35.5%63.9%54.5%35.7%
Skew 25d7.4%2.9%13.1%5.7%4.0%
Skew 10d14.3%6.0%23.5%10.8%7.9%
Call IV 25d49.8%33.4%60.5%37.8%34.9%
Put IV 25d57.1%38.9%68.6%43.5%38.9%
Bid-Ask Spread %55.2340.8180.6341.3974.68
Gamma HHI0.120.090.180.120.10
Net GEX223.3K71.4K385.7K211.5K261.0K
Net DEX-5.9M-9.9M824.7K-6.1M-3.4M
Net VEX-44.3K-53.5K-35.1K-36.5K-45.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.057.001.771.50
Total Volume142.28671,4163615
Total OI1,783.0481,1502,9581,3232,958

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-04-01$221.35$220.0039.8%13.8%34.2%39.1%54.5%5.7%8.2%211.5K-6.1M-36.5K1.7741.391323942381
2025-04-02$227.04$220.0038.0%13.5%35.1%34.6%53.3%6.9%-7.7%259.1K-7.7M-38.4K0.0940.81444977398
2025-04-03$225.77$220.0041.1%14.1%34.3%42.4%0.0%3.6%-8.5%246.6K-7.2M-38.5K0.7552.0243992402
2025-04-04$218.68$220.0051.5%16.8%36.2%68.0%42.4%9.7%-10.0%174.9K-5.5M-38.2K0.9156.783229996403
2025-04-07$213.67$220.0067.4%18.1%36.0%100.0%63.9%6.3%-13.3%157.3K-4.8M-38.2K0.3644.0628101,021406
2025-04-08$208.25$220.0072.7%18.5%37.1%100.0%61.6%8.1%-14.3%125.1K-3.5M-36.2K0.2144.342861,032412
2025-04-09$227.04$220.0057.1%16.4%46.7%67.9%58.1%6.1%-12.6%276.9K-8.2M-38.8K0.4949.402251101,033412
2025-04-10$221.14$220.0060.2%17.2%47.8%74.3%60.0%7.3%-12.3%240.7K-7.3M-53.3K7.0051.272141,291552
2025-04-11$224.19$220.0059.4%17.0%46.1%72.7%0.0%13.1%-12.1%272.8K-7.9M-53.5K0.0846.171211,291557
2025-04-14$228.97$220.0057.1%16.4%46.6%68.0%0.0%10.6%-12.7%385.7K-9.8M-51.3K0.2752.223081,314556
2025-04-15$222.68$220.0055.8%16.0%47.1%65.4%54.4%10.1%-11.0%266.8K-7.6M-49.4K0.3857.682181,317552
2025-04-16$217.62$220.0055.6%16.0%46.9%65.0%54.6%8.3%-11.7%182.2K-5.7M-47.9K0.2256.95921,335553
2025-04-17$219.24$220.0054.3%15.6%46.9%62.4%53.3%10.0%-8.9%153.3K-6.3M-47.3K0.3354.89931,337551
2025-04-21$208.42$220.0059.8%17.1%50.3%73.6%56.8%8.4%-10.2%176.4K-4.5M-43.4K0.0547.75784889261
2025-04-22$218.66$220.0058.0%16.6%52.4%69.8%61.5%11.1%-10.3%237.4K-6.4M-47.7K0.8060.82108964265
2025-04-23$225.18$220.0058.2%16.7%51.6%70.3%58.0%7.3%-10.1%262.7K-8.0M-48.9K0.3959.885722966277
2025-04-24$233.48$220.0062.5%17.9%52.6%79.2%57.5%5.4%-16.6%302.1K-9.9M-51.9K1.1452.986627541,008285
2025-04-25$192.07$230.0038.3%11.0%87.5%29.6%38.6%2.9%0.7%71.4K824.7K-35.1K1.1365.811992241,6601,044
2025-04-28$199.78$220.0040.5%11.6%88.8%34.1%40.5%3.4%-2.2%159.3K-1.6M-43.7K0.3169.38188581,7901,109
2025-04-29$203.70$200.0036.8%10.6%89.0%26.5%35.5%6.6%-0.8%265.4K-3.3M-46.9K0.2980.632471,8381,117
2025-04-30$204.19$200.0037.7%10.8%89.1%28.3%35.7%4.0%-1.4%261.0K-3.4M-45.6K1.5074.68691,8431,115