APD options flow: unusual options activity in Air Products & Chemicals, Inc.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 9 unusual options prints in Air Products & Chemicals, Inc. (APD), $1.2M of tracked premium, leaning firmly bullish. Bullish premium was $1.1M against $30K bearish; $302K went into calls and $859K into puts, a put call ratio of 2.84. The largest print was $630K of APD 15 Jan 2027 $270 puts on 25 September 2026, executed at bid. The last session with prints, 25 September 2026, added 3 prints and $685K of premium. APD closed at $281.76 on 25 September 2026, down 1.0%.
This week's unusual flow
Prints from 21 September 2026 to 25 September 2026, 4 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 25 Sep 2026 | APD 15 Jan 2027 $270 puts | Trade | 700 | 709 | $630K | At bid | Bullish | Notable |
| 24 Sep 2026 | APD 20 Nov 2026 $280 puts | Sweep | 125 | 13 | $115K | At bid | Bullish | High conviction |
| 21 Sep 2026 | APD 17 Jun 2027 $280 calls | Trade | 32 | 14 | $91K | At ask | Bullish | Notable |
| 21 Sep 2026 | APD 15 Jan 2027 $270 calls | Trade | 36 | 169 | $84K | At ask | Bullish | |
| 21 Sep 2026 | APD 15 Jan 2027 $300 puts | Trade | 30 | 97 | $78K | At bid | Bullish | |
| 22 Sep 2026 | APD 19 Mar 2027 $320 calls | Sweep | 95 | 29 | $71K | At ask | Bullish | High conviction |
| 24 Sep 2026 | APD 18 Dec 2026 $290 puts | Sweep | 23 | 50 | $36K | At bid | Bullish | |
| 25 Sep 2026 | APD 17 Jun 2027 $310 calls | Sweep | 20 | 17 | $30K | At bid | Bearish | Notable |
| 25 Sep 2026 | APD 17 Sep 2027 $160 calls | Trade | 2 | 0 | $25K | At midpoint | Neutral |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 15 Jan 2027 | 3 | $792K | 11% | +$792K |
| 17 Jun 2027 | 2 | $122K | 100% | +$61K |
| 20 Nov 2026 | 1 | $115K | 0% | +$115K |
| 19 Mar 2027 | 1 | $71K | 100% | +$71K |
| 18 Dec 2026 | 1 | $36K | 0% | +$36K |
| 17 Sep 2027 | 1 | $25K | 100% | +$0 |
The most premium, $792K, is aimed at the 15 Jan 2027 expiry; the nearest expiry with unusual prints is 20 Nov 2026.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 25 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 25 Sep 2026 | APD 15 Jan 2027 $270 puts | Trade | 700 | 709 | $630K | At bid | Bullish | Notable |
| 25 Sep 2026 | APD 17 Jun 2027 $310 calls | Sweep | 20 | 17 | $30K | At bid | Bearish | Notable |
| 25 Sep 2026 | APD 17 Sep 2027 $160 calls | Trade | 2 | 0 | $25K | At midpoint | Neutral |
Every print in APD with its full detail, the live tape, one tap filters and saved screeners: open APD in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open APD in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 11 firms, have a median of $330, 17.1% above the last close.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About Air Products & Chemicals, Inc.
- Exchange
- NYSE
- Sector
- Materials
- Industry
- Chemicals
- Headquarters
- Allentown, Pennsylvania
- Website
- airproducts.com
Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company designs and manufactures equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and liquid helium and liquid hydrogen transport and storage. It has a strategic collaboration with Baker Hughes Company to develop hydrogen compression systems.
In the same sector
Flow pages for other Materials names in the S&P 500:
LIN Linde PLCNEM Newmont Corp.FCX Freeport-McMoRan Inc.SHW Sherwin Williams Co.ECL Ecolab Inc.CRH CRH Public Ltd. Co.NUE Nucor Corp.CTVA Corteva, Inc.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for APD with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open APD in Options Sentiment Screener