APPF Options History — January 2026

In January 2026, APPF traded between $189.25 and $235.38. ATM implied volatility averaged 50.6%, placing in the 54.8% IV rank vs the trailing year. The 30-day expected move averaged 15.9%. IV traded above realized volatility by 22.5% (HV 20d: 28.1%). Max pain ranged from $230.00 to $250.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 20.82.

Notable Days

  • 2026-01-15: Highest Volume — 1,534 contracts
  • 2026-01-12: Largest IV spike — 49.1% change
  • 2026-01-28: Highest IV Rank — 87.3%
  • 2026-01-28: Largest Expected Move — 19.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$219.76$189.25$235.38$230.42$189.25
Max Pain$240.00$230.00$250.00$250.00$230.00
ATM IV50.6%30.5%66.5%33.0%40.8%
Expected Move15.9%9.5%19.1%9.5%11.7%
HV 20d28.1%18.1%47.3%18.1%47.3%
HV 60d32.0%30.3%34.4%31.2%34.4%
IV Rank54.8%13.4%87.3%18.7%34.5%
IV Percentile77.0%18.7%98.8%41.3%71.0%
Term Structure-8.7%-14.9%15.7%15.7%-2.0%
VWIV55.1%35.9%66.1%35.9%41.0%
Skew 25d3.5%-2.8%10.7%8.1%-2.8%
Skew 10d7.2%-2.2%16.3%8.6%-2.2%
Call IV 25d53.7%31.2%64.9%31.2%44.3%
Put IV 25d57.2%39.3%70.4%39.3%41.5%
Bid-Ask Spread %78.7571.5397.9897.9876.20
Gamma HHI0.200.140.300.150.30
Net GEX435.1K271.6K547.0K313.0K393.0K
Net DEX-21.6M-27.4M-11.9M-22.1M-11.9M
Net VEX-125.0K-135.8K-101.3K-131.8K-101.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio20.820.00305.800.501.19
Total Volume152.391,53421395
Total OI3,985.63,0054,8674,6793,230

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$230.42$250.0033.0%9.5%18.1%18.7%35.9%8.1%15.7%313.0K-22.1M-131.8K0.5097.981473,940739
2026-01-05$234.78$240.0034.3%14.3%19.3%21.2%49.3%4.0%-8.0%311.5K-25.6M-135.8K0.4872.7431153,942744
2026-01-06$235.38$240.0032.6%14.1%19.3%17.8%51.8%7.2%-7.1%271.6K-23.5M-132.1K0.5073.72843,946759
2026-01-07$226.75$240.0037.7%14.5%23.5%28.2%47.7%1.2%-7.4%368.4K-20.0M-129.3K59.8078.1652993,948763
2026-01-08$225.86$240.0037.6%14.8%23.4%28.0%52.0%1.4%-9.1%304.0K-19.6M-128.2K0.0077.740253,949773
2026-01-09$226.84$240.0030.5%14.9%23.4%13.4%51.1%2.3%-8.7%341.1K-19.9M-126.5K0.4977.10154763,949758
2026-01-12$223.59$240.0045.4%15.3%23.8%44.1%53.4%0.6%-9.1%364.0K-18.9M-127.5K0.0080.996504,017793
2026-01-13$221.05$240.0049.7%15.6%23.8%52.8%54.7%0.8%-10.1%423.2K-17.8M-129.0K0.6780.32964,074793
2026-01-14$211.66$240.0055.6%15.9%26.4%65.0%55.1%2.6%-10.8%462.1K-16.3M-124.5K1.0580.6121224,074681
2026-01-15$220.22$240.0055.0%15.8%29.0%63.7%57.1%5.8%-7.0%457.8K-19.2M-126.2K305.8080.8751,5294,077666
2026-01-16$216.98$240.0056.5%16.2%28.6%66.9%58.1%2.7%-8.6%521.5K-18.7M-126.5K7.4078.105374,078664
2026-01-20$211.56$240.0063.6%18.2%29.3%81.3%61.0%0.5%-13.3%502.1K-23.2M-123.7K0.1377.591622,701304
2026-01-21$217.46$240.0059.8%17.2%31.5%73.7%55.5%10.7%-11.1%511.6K-24.7M-123.3K0.4080.292082,709306
2026-01-22$221.44$240.0060.2%17.3%31.9%74.4%60.0%1.9%-11.8%547.0K-27.4M-125.0K0.8880.43872,717310
2026-01-23$220.20$240.0060.7%17.4%31.9%75.5%63.7%1.1%-11.4%542.2K-26.3M-124.8K11.0074.011112,721317
2026-01-26$219.78$240.0062.7%18.0%31.7%79.5%61.2%5.5%-11.3%535.5K-26.0M-122.8K2.6375.538212,722328
2026-01-27$216.31$240.0065.1%18.7%31.9%84.6%63.2%3.8%-14.1%521.1K-24.5M-122.5K1.6076.06582,727349
2026-01-28$218.21$240.0066.5%19.1%32.3%87.3%66.1%6.9%-14.9%523.1K-25.4M-121.7K0.2984.94722,727342
2026-01-29$207.44$240.0065.7%18.8%36.2%85.7%64.9%5.5%-14.2%488.4K-20.5M-117.4K0.8671.53102882,731344
2026-01-30$189.25$230.0040.8%11.7%47.3%34.5%41.0%-2.8%-2.0%393.0K-11.9M-101.3K1.1976.201802152,804426