APPF Options History — September 2025

In September 2025, APPF traded between $273.00 and $285.58. ATM implied volatility averaged 29.5%, placing in the 11.5% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 8.2% (HV 20d: 21.3%). Max pain ranged from $240.00 to $280.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.51.

Notable Days

  • 2025-09-30: Highest Volume — 185 contracts
  • 2025-09-22: Largest IV spike — 15.9% change
  • 2025-09-22: Highest IV Rank — 16.2%
  • 2025-09-22: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$278.86$273.00$285.58$273.00$276.14
Max Pain$243.81$240.00$280.00$280.00$240.00
ATM IV29.5%26.7%31.8%28.9%31.0%
Expected Move8.5%7.9%9.1%8.3%8.9%
HV 20d21.3%16.9%29.9%29.0%22.2%
HV 60d44.7%44.3%45.5%45.5%44.4%
IV Rank11.5%5.7%16.2%10.2%14.5%
IV Percentile13.2%2.4%29.0%7.9%23.4%
Term Structure8.4%0.1%14.6%0.1%13.1%
VWIV29.6%23.3%36.3%28.0%30.4%
Skew 25d2.0%-1.3%4.8%3.5%-1.3%
Skew 10d6.2%2.6%12.9%9.3%7.1%
Call IV 25d28.9%26.9%33.0%27.3%33.0%
Put IV 25d30.9%28.1%33.7%30.8%31.7%
Bid-Ask Spread %89.2777.2395.3786.7194.96
Gamma HHI0.160.140.180.140.16
Net GEX604.4K172.7K862.5K474.5K850.8K
Net DEX-25.4M-30.5M-20.3M-20.7M-25.5M
Net VEX-158.9K-172.6K-148.1K-168.6K-148.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.001.741.570.40
Total Volume48.048218577185
Total OI3,822.9523,4054,0473,9033,553

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-09-02$273.00$280.0028.9%8.3%29.0%10.2%28.0%3.5%0.1%474.5K-20.7M-168.6K1.5786.7130472,7071,196
2025-09-03$273.93$280.0028.7%8.2%28.6%9.8%0.0%2.9%0.8%432.1K-20.3M-169.2K0.2089.97512,7011,232
2025-09-04$277.77$240.0028.2%7.9%29.1%8.8%36.2%2.7%7.5%506.9K-23.2M-169.0K0.5285.7021112,7001,233
2025-09-05$283.66$240.0026.7%8.4%29.9%5.7%36.3%4.8%6.6%667.5K-28.4M-172.6K0.7285.6829212,7011,239
2025-09-08$285.58$240.0027.4%7.9%18.3%7.1%33.4%2.6%6.9%760.1K-30.5M-170.9K0.5085.7926132,7101,259
2025-09-09$280.31$240.0030.4%8.3%19.3%13.3%30.2%1.6%6.6%553.6K-25.6M-166.8K0.5388.3555292,7111,267
2025-09-10$276.69$240.0028.6%8.2%17.5%9.5%28.7%4.1%6.7%385.8K-22.6M-165.2K1.1477.2329332,7071,286
2025-09-11$281.85$240.0029.3%8.4%16.9%11.0%28.8%4.0%6.4%500.8K-26.7M-165.4K0.0088.804102,7301,301
2025-09-12$276.44$240.0029.1%8.4%18.3%10.7%23.5%1.9%5.6%401.5K-24.6M-162.3K0.0889.631212,7461,301
2025-09-15$279.20$240.0029.5%8.5%18.5%11.5%29.2%2.3%5.2%412.1K-25.1M-158.2K0.2491.172152,7501,292
2025-09-16$275.88$240.0030.1%8.6%19.0%12.7%30.1%3.1%5.0%172.7K-21.7M-155.5K0.2280.06922,7471,294
2025-09-17$275.44$240.0030.4%8.7%19.0%13.3%29.1%2.3%5.4%250.1K-22.1M-154.6K1.0093.47112,7481,294
2025-09-18$279.82$240.0029.9%8.6%19.6%12.2%29.1%1.5%10.7%580.9K-26.6M-153.1K0.0091.20602,7481,291
2025-09-19$279.87$240.0027.5%7.9%19.6%7.3%27.6%-0.9%14.6%711.0K-26.3M-151.6K1.7492.5119332,7491,290
2025-09-22$284.68$240.0031.8%9.1%19.7%16.2%30.4%3.8%11.0%853.3K-29.3M-153.0K0.3990.712392,489916
2025-09-23$281.35$240.0030.0%8.6%20.1%12.5%29.6%2.1%12.3%844.3K-28.6M-151.6K0.1491.32712,500923
2025-09-24$278.55$240.0031.1%8.9%20.3%14.7%30.5%-0.7%13.1%809.1K-26.4M-148.6K0.3591.4780282,501923
2025-09-25$275.44$240.0030.8%8.8%20.5%14.0%29.8%-0.5%12.5%818.8K-25.4M-149.3K0.8992.8176682,555922
2025-09-26$278.84$240.0030.0%8.6%20.9%12.5%28.4%1.2%12.9%844.2K-26.0M-152.1K0.0091.67202,579962
2025-09-29$281.64$240.0030.4%8.7%21.2%13.4%23.3%0.8%13.9%862.5K-28.5M-150.3K0.1695.372542,579950
2025-09-30$276.14$240.0031.0%8.9%22.2%14.5%30.4%-1.3%13.1%850.8K-25.5M-148.1K0.4094.96132532,602951