APP Volatility Surface

SVI-calibrated implied volatility surface for APP. Interactive heatmap of IV across strikes and expirations. Data from the public FlashAlpha Lab API.

Delayed

ATM IV

59.9%

Spot Price

$404.62

APP implied volatility by strike and horizon

As of Nov 11, 9:41 AM ET

Strike as a percent of spot, interpolated between 19 listed expiries. A dash means no quoted option covers that point.

Horizon	80%	90%	95%	100%	105%	110%	120%
7 days	97.4%	75.0%	71.8%	70.9%	71.9%	72.8%	73.6%
30 days	68.7%	63.6%	60.9%	60.5%	59.9%	58.8%	56.2%
60 days	64.1%	60.9%	59.3%	59.8%	59.0%	58.5%	56.4%
90 days	67.5%	65.4%	65.0%	63.8%	62.0%	61.2%	61.5%
180 days	68.3%	67.9%	67.5%	65.2%	63.8%	63.4%	62.2%
1 year	66.6%	66.5%	66.7%	65.5%	64.6%	65.1%	63.7%

Across these 42 points, APP implied volatility runs from 56.2% (30 days, 120% strike) to 97.4% (7 days, 80% strike), built from 19 listed expiries.

IV Heatmap

Strike	Mar 14	Mar 21	Mar 28	Apr 17	May 16
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What is a Volatility Surface?

A volatility surface maps implied volatility as a function of both strike price and time to expiration. It captures the full landscape of how the market prices risk across different scenarios and time horizons.

SVI Calibration: FlashAlpha uses Stochastic Volatility Inspired (SVI) parameterization to fit a smooth, arbitrage-free surface to raw market quotes. This eliminates noise while preserving the true shape of the smile.

Reading the Heatmap

Cool colors (blue): Low IV - options are relatively cheap. Potential for long vol positions.
Warm colors (red/orange): High IV - options are expensive. Consider selling premium or look for relative value.
Spot row: Highlighted row shows IV at the current stock price. Compare across expirations to see term structure.
Wings: IV rising sharply at far OTM strikes indicates tail risk pricing or squeeze potential.