APPF Options History — February 2026

In February 2026, APPF traded between $163.14 and $194.60. ATM implied volatility averaged 44.3%, placing in the 41.8% IV rank vs the trailing year. The 30-day expected move averaged 12.6%. IV traded below realized volatility by 10.9% (HV 20d: 55.2%). Max pain ranged from $170.00 to $210.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 8.63.

Notable Days

2026-02-09: Highest Volume — 254 contracts
2026-02-03: Largest IV spike — 12.3% change
2026-02-23: Highest IV Rank — 48.0%
2026-02-23: Largest Expected Move — 13.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$177.19	$163.14	$194.60	$194.60	$176.98
Max Pain	$182.63	$170.00	$210.00	$210.00	$170.00
ATM IV	44.3%	39.7%	47.3%	39.7%	43.3%
Expected Move	12.6%	11.4%	13.6%	11.4%	12.4%
HV 20d	55.2%	49.2%	63.6%	49.2%	62.0%
HV 60d	38.7%	35.1%	42.8%	35.1%	42.8%
IV Rank	41.8%	32.4%	48.0%	32.4%	39.7%
IV Percentile	72.8%	67.5%	77.4%	67.5%	68.3%
Term Structure	-1.3%	-3.4%	-0.0%	-3.4%	-0.0%
VWIV	43.5%	28.8%	51.2%	37.7%	45.3%
Skew 25d	2.9%	-1.4%	6.3%	3.9%	4.7%
Skew 10d	5.1%	-4.5%	15.3%	8.7%	15.3%
Call IV 25d	43.9%	37.5%	47.5%	37.5%	42.5%
Put IV 25d	46.8%	41.4%	50.6%	41.4%	47.2%
Bid-Ask Spread %	71.20	63.44	90.42	84.56	70.24
Gamma HHI	0.28	0.26	0.30	0.27	0.29
Net GEX	351.6K	287.0K	421.2K	384.1K	421.2K
Net DEX	-9.2M	-14.8M	-5.0M	-14.8M	-9.8M
Net VEX	-91.5K	-105.1K	-75.0K	-105.1K	-88.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	8.63	0.11	102.00	2.20	1.18
Total Volume	59.158	12	254	32	24
Total OI	3,410.263	3,070	3,693	3,339	3,165

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2026-02-02	$194.60	$210.00	39.7%	11.4%	49.2%	32.4%	37.7%	3.9%	-3.4%	384.1K	-14.8M	-105.1K	2.20	84.56	10	22	2,865	474
2026-02-03	$184.25	$200.00	44.6%	12.8%	50.7%	42.5%	43.1%	1.0%	-3.2%	328.3K	-10.8M	-97.8K	3.75	88.79	8	30	2,873	460
2026-02-04	$184.20	$200.00	45.2%	13.0%	50.6%	43.7%	37.6%	2.5%	-3.1%	323.1K	-10.4M	-96.8K	2.45	90.42	11	27	2,874	466
2026-02-05	$178.17	$200.00	46.3%	12.2%	50.3%	45.8%	44.5%	-1.4%	-0.3%	323.4K	-9.6M	-96.3K	2.50	74.56	4	10	2,932	476
2026-02-06	$178.88	$200.00	42.4%	11.9%	50.6%	37.9%	41.7%	-1.0%	-0.2%	315.2K	-9.6M	-95.2K	1.40	76.09	5	7	2,933	463
2026-02-09	$183.85	$200.00	44.7%	12.8%	52.2%	42.6%	45.7%	1.8%	-1.7%	332.1K	-10.3M	-96.0K	0.52	63.69	167	87	2,938	466
2026-02-10	$188.38	$175.00	42.9%	12.3%	53.6%	38.9%	43.4%	2.9%	-0.9%	413.0K	-13.7M	-104.7K	0.37	65.79	27	10	3,062	502
2026-02-11	$178.13	$175.00	43.7%	12.5%	56.2%	40.5%	44.5%	0.4%	-1.0%	379.9K	-9.5M	-95.7K	0.60	63.44	48	29	3,073	505
2026-02-12	$175.93	$175.00	43.8%	12.6%	54.8%	40.8%	45.0%	3.8%	-0.5%	364.7K	-8.8M	-93.6K	32.00	73.11	1	32	3,107	525
2026-02-13	$178.75	$175.00	45.0%	12.9%	52.6%	43.2%	46.0%	2.0%	-1.1%	383.2K	-9.9M	-97.6K	0.11	64.50	74	8	3,106	508
2026-02-17	$168.74	$175.00	46.2%	13.2%	55.2%	45.7%	46.9%	2.5%	-1.7%	325.4K	-5.6M	-83.8K	102.00	64.83	1	102	3,114	506
2026-02-18	$176.67	$175.00	45.2%	13.0%	58.7%	43.6%	51.2%	4.3%	-1.8%	375.8K	-8.8M	-90.3K	3.28	66.50	29	95	3,115	527
2026-02-19	$175.78	$175.00	44.1%	12.7%	57.2%	41.5%	28.8%	4.7%	-0.5%	363.1K	-8.5M	-91.7K	6.33	67.80	3	19	3,135	558
2026-02-20	$171.68	$175.00	44.0%	12.6%	56.3%	41.2%	46.4%	3.0%	-0.6%	310.5K	-6.9M	-85.8K	0.38	67.61	32	12	3,138	547
2026-02-23	$163.14	$175.00	47.3%	13.6%	57.8%	48.0%	46.9%	3.1%	-1.8%	287.0K	-5.0M	-75.0K	3.00	65.16	9	27	2,643	434
2026-02-24	$166.06	$175.00	45.8%	13.1%	58.8%	44.9%	44.7%	5.0%	-1.8%	311.5K	-5.8M	-77.8K	0.28	66.45	53	15	2,649	421
2026-02-25	$166.44	$170.00	44.8%	12.8%	59.1%	42.8%	43.6%	6.3%	-1.2%	328.2K	-6.5M	-77.9K	1.40	68.55	5	7	2,693	421
2026-02-26	$176.01	$170.00	43.1%	12.3%	63.6%	39.3%	42.6%	5.3%	-0.0%	409.6K	-10.2M	-89.3K	0.19	70.61	62	12	2,696	425
2026-02-27	$176.98	$170.00	43.3%	12.4%	62.0%	39.7%	45.3%	4.7%	-0.0%	421.2K	-9.8M	-88.6K	1.18	70.24	11	13	2,727	438