APPF Options History — May 2025

In May 2025, APPF traded between $206.50 and $220.99. ATM implied volatility averaged 33.0%, placing in the 18.6% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded below realized volatility by 37.0% (HV 20d: 70.0%). Max pain ranged from $185.00 to $210.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 1.51.

Notable Days

  • 2025-05-27: Highest Volume — 137 contracts
  • 2025-05-12: Largest IV spike — 13.8% change
  • 2025-05-05: Highest IV Rank — 26.6%
  • 2025-05-07: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$212.77$206.50$220.99$207.72$210.52
Max Pain$195.95$185.00$210.00$210.00$200.00
ATM IV33.0%30.9%36.9%32.9%33.7%
Expected Move9.3%8.4%10.0%9.4%9.7%
HV 20d70.0%27.0%89.0%88.7%28.3%
HV 60d56.3%55.7%57.1%55.9%56.6%
IV Rank18.6%14.2%26.6%18.4%20.0%
IV Percentile28.6%6.3%61.5%27.0%36.9%
Term Structure0.5%-1.6%2.3%0.7%-0.6%
VWIV32.2%28.2%35.4%34.2%33.9%
Skew 25d3.8%0.2%6.6%4.5%4.3%
Skew 10d8.6%1.4%15.6%7.9%13.6%
Call IV 25d31.0%28.4%33.3%32.4%30.1%
Put IV 25d34.9%31.3%37.9%36.9%34.4%
Bid-Ask Spread %81.8664.1891.8982.3691.89
Gamma HHI0.110.100.140.110.11
Net GEX319.2K271.0K390.0K291.5K302.0K
Net DEX-6.0M-8.4M-4.0M-4.3M-4.7M
Net VEX-44.1K-48.8K-41.4K-46.3K-43.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.510.0021.000.570.00
Total Volume29.1433137473
Total OI2,327.3811,3533,0302,9531,486

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-05-01$207.72$210.0032.9%9.4%88.7%18.4%34.2%4.5%0.7%291.5K-4.3M-46.3K0.5782.3630171,8381,115
2025-05-02$210.68$210.0033.3%9.6%89.0%19.3%33.5%0.2%0.7%321.6K-5.4M-47.2K0.4882.4260291,8451,118
2025-05-05$214.15$185.0036.9%9.6%88.6%26.6%33.2%3.9%2.3%348.4K-6.9M-47.8K0.8864.1832281,8721,110
2025-05-06$214.41$190.0034.4%9.9%88.2%21.4%33.9%4.0%1.2%321.0K-6.4M-47.6K0.0068.841501,8801,131
2025-05-07$214.72$190.0034.9%10.0%87.7%22.5%32.1%5.0%0.4%342.4K-7.1M-48.8K0.3383.76311,8871,131
2025-05-08$216.68$190.0032.0%9.2%81.8%16.7%0.0%5.5%2.3%342.4K-7.4M-47.1K0.3381.82621,8871,130
2025-05-09$214.22$190.0031.8%9.8%81.4%16.2%0.0%0.8%-0.4%322.1K-6.8M-45.3K3.1377.638251,8841,130
2025-05-12$220.99$190.0036.2%8.7%82.1%25.2%29.3%3.0%1.9%360.7K-8.4M-45.1K0.5082.69841,8891,121
2025-05-13$216.63$190.0031.7%8.4%81.9%16.0%29.3%1.6%1.6%358.9K-7.4M-43.2K0.0986.233231,8901,121
2025-05-14$212.25$190.0031.1%8.9%81.7%14.7%35.0%2.9%0.6%352.5K-6.2M-42.6K21.0071.511211,8951,121
2025-05-15$212.99$190.0032.2%9.2%81.3%16.9%29.7%4.3%0.1%329.1K-5.8M-41.8K0.0886.971311,8941,132
2025-05-16$218.51$190.0030.9%8.8%81.8%14.2%30.7%5.5%-1.1%390.0K-7.9M-43.2K1.0787.3215161,9001,130
2025-05-19$215.01$200.0030.9%8.9%79.9%14.3%29.5%4.1%-0.1%298.3K-6.2M-41.4K0.0389.123711,033320
2025-05-20$214.24$200.0032.4%9.3%78.0%17.4%0.0%0.9%0.8%304.7K-6.1M-43.1K0.1887.691121,065321
2025-05-21$206.80$200.0033.1%9.5%78.1%18.8%33.2%3.4%0.6%271.0K-4.6M-42.1K0.1585.931321,085323
2025-05-22$209.83$200.0033.8%9.7%76.9%20.2%28.2%6.6%-1.6%289.1K-5.1M-42.9K0.0077.14701,090325
2025-05-23$210.20$200.0033.8%9.7%29.8%20.2%35.4%5.5%-0.5%293.2K-5.0M-42.4K1.0080.91221,089325
2025-05-27$212.61$200.0032.7%9.4%27.0%18.0%32.5%3.5%1.2%310.8K-5.6M-41.5K0.8382.2875621,091324
2025-05-28$206.50$200.0031.9%9.2%28.5%16.4%33.5%4.9%1.0%273.0K-4.0M-41.7K0.8983.61981,109357
2025-05-29$208.60$200.0032.4%9.3%28.7%17.4%31.7%5.7%-0.1%280.8K-4.3M-42.1K0.1484.86711,116365
2025-05-30$210.52$200.0033.7%9.7%28.3%20.0%33.9%4.3%-0.6%302.0K-4.7M-43.9K0.0091.89301,120366