APA (APA) options memo

The Read

The Read is generated on demand from the live tape.

Key numbers

• Spot: $44.59
• Lean: neutral
• Nearest expiry: Fri 8/21
• Implied move: 2.5%
• ATM implied volatility: 46.9%
• Max pain: $37.00
• Pin strike: $37.50
• Dealer positioning: SHORT GAMMA
• Call wall: $37.50
• Put wall: $40.00
• Put/call open interest: 0.403