APPF Options History — December 2025

In December 2025, APPF traded between $225.25 and $237.93. ATM implied volatility averaged 32.3%, placing in the 17.3% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 6.9% (HV 20d: 25.4%). Max pain ranged from $240.00 to $260.00. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 2.07.

Notable Days

  • 2025-12-22: Highest Volume — 1,718 contracts
  • 2025-12-08: Largest IV spike — 13.6% change
  • 2025-12-08: Highest IV Rank — 28.3%
  • 2025-12-01: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$233.60$225.25$237.93$227.26$232.83
Max Pain$253.64$240.00$260.00$240.00$250.00
ATM IV32.3%28.7%37.7%34.5%31.7%
Expected Move9.2%8.2%9.9%9.9%9.1%
HV 20d25.4%19.3%32.2%32.2%19.3%
HV 60d34.9%31.2%35.9%35.5%31.2%
IV Rank17.3%9.8%28.3%21.8%15.9%
IV Percentile33.0%9.9%61.9%52.0%28.2%
Term Structure11.9%-0.2%18.2%-0.2%16.7%
VWIV33.5%23.3%52.4%33.5%31.5%
Skew 25d3.2%-0.8%8.0%-0.8%2.2%
Skew 10d7.7%-6.0%22.6%6.7%14.7%
Call IV 25d30.9%26.0%34.6%34.6%30.7%
Put IV 25d34.1%32.6%35.9%33.8%32.9%
Bid-Ask Spread %93.4678.5098.6090.6896.38
Gamma HHI0.140.120.180.130.15
Net GEX45.7K-127.1K390.2K-62.8K303.3K
Net DEX-4.2M-26.7M7.2M5.7M-24.0M
Net VEX-82.5K-146.3K-49.8K-60.8K-134.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.070.0020.500.040.25
Total Volume96.04521,718285
Total OI3,6433,0344,6843,2084,680

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-12-01$227.26$240.0034.5%9.9%32.2%21.8%0.0%-0.8%-0.2%-62.8K5.7M-60.8K0.0490.682712,337871
2025-12-02$231.67$240.0033.0%9.5%30.4%18.6%33.5%2.1%1.1%-48.6K4.5M-64.6K0.3691.4856202,352875
2025-12-03$236.32$240.0031.9%9.1%31.7%16.4%33.5%2.2%0.3%-26.3K2.8M-69.9K0.0090.242902,355892
2025-12-04$234.69$260.0031.9%9.3%31.5%16.3%33.9%4.7%10.9%-7.9K3.0M-68.2K0.0091.350192,382892
2025-12-05$234.44$260.0033.2%9.3%30.5%19.1%32.3%0.7%12.2%-9662.5M-69.5K1.1178.509102,382892
2025-12-08$233.31$260.0037.7%9.4%30.1%28.3%34.7%3.6%11.3%-41.8K3.5M-65.3K7.0091.36172,390888
2025-12-09$233.92$260.0035.8%9.5%29.1%24.4%0.0%1.7%12.1%-55.9K4.2M-62.1K0.0093.53402,389890
2025-12-10$231.91$260.0032.8%9.4%28.6%18.2%23.3%0.4%12.2%-59.5K4.2M-60.8K0.3392.85622,393890
2025-12-11$230.41$260.0033.8%9.7%28.6%20.3%33.5%0.8%10.5%-35.4K4.3M-62.3K0.2091.85512,396891
2025-12-12$231.88$260.0032.0%9.2%28.3%16.5%33.9%4.6%12.8%-100.3K5.0M-58.2K20.5092.032412,400891
2025-12-15$225.25$260.0032.0%9.2%29.4%16.6%33.4%0.7%13.1%-97.4K7.2M-49.8K0.3793.7327102,400892
2025-12-16$230.63$260.0031.7%9.1%26.8%15.9%0.0%4.6%12.9%-127.1K5.4M-54.6K2.7593.544112,423881
2025-12-17$233.95$260.0032.6%9.3%22.1%17.8%0.0%3.1%13.4%-117.4K3.7M-58.0K0.0094.671202,424883
2025-12-18$235.59$260.0032.2%9.2%20.3%17.0%52.4%0.3%13.4%-126.4K3.2M-57.8K0.0096.141102,426877
2025-12-19$233.94$250.0032.6%9.3%20.5%17.8%32.5%4.2%13.4%-17.9K2.6M-55.7K0.0096.280142,427829
2025-12-22$237.28$250.0031.1%8.9%20.1%14.8%29.8%6.1%14.4%-7.5K1.4M-54.9K0.0094.891,71532,326708
2025-12-23$236.41$250.0030.2%8.7%20.2%12.9%30.3%2.5%15.8%390.2K-26.5M-146.3K0.8895.38873,935711
2025-12-24$237.93$250.0030.1%8.6%20.0%12.6%31.8%8.0%15.1%344.0K-26.7M-144.2K1.0097.47113,940717
2025-12-26$237.79$250.0028.7%8.2%19.9%9.8%30.5%6.8%18.2%287.5K-26.1M-140.9K5.0098.605253,940717
2025-12-29$236.13$250.0031.2%8.9%20.1%14.9%37.7%5.5%16.3%297.8K-26.0M-138.3K1.0097.28333,941737
2025-12-30$235.75$250.0030.9%8.9%19.8%14.4%31.5%5.2%16.9%316.1K-26.2M-138.1K0.6097.86533,944740
2025-12-31$232.83$250.0031.7%9.1%19.3%15.9%0.0%2.2%16.7%303.3K-24.0M-134.5K0.2596.38413,939741