A Options History — January 2025

In January 2025, A traded between $133.38 and $152.46. ATM implied volatility averaged 25.7%, placing in the 30.3% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 6.6% (HV 20d: 19.1%). Max pain ranged from $130.00 to $140.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.92.

Notable Days

  • 2025-01-21: Highest Volume — 1,606 contracts
  • 2025-01-13: Largest IV spike — 20.9% change
  • 2025-01-13: Highest IV Rank — 72.1%
  • 2025-01-13: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$144.95$133.38$152.46$133.38$152.01
Max Pain$137.75$130.00$140.00$130.00$140.00
ATM IV25.7%23.0%33.5%23.9%24.3%
Expected Move7.1%6.6%7.6%6.9%7.0%
HV 20d19.1%15.3%22.3%20.4%21.8%
HV 60d25.5%24.5%26.6%25.6%24.5%
IV Rank30.3%16.1%72.1%20.8%22.8%
IV Percentile44.8%12.7%90.9%24.6%32.9%
Term Structure2.6%1.2%5.3%1.2%4.0%
VWIV24.4%22.2%26.8%23.5%24.5%
Skew 25d2.1%0.8%3.2%2.3%0.9%
Skew 10d5.5%-4.9%14.8%4.1%2.7%
Call IV 25d23.8%21.8%25.7%23.3%23.4%
Put IV 25d25.9%23.5%28.1%25.6%24.3%
Bid-Ask Spread %79.1268.8885.3185.2471.64
Gamma HHI0.190.110.430.140.16
Net GEX2.2M813.3K3.4M813.3K2.3M
Net DEX-43.6M-78.6M-8.3M-8.3M-53.5M
Net VEX-338.7K-350.3K-318.0K-327.7K-340.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.920.112.760.991.08
Total Volume651.651441,606828237
Total OI18,467.0513,95822,51019,99916,156

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$133.38$130.0023.9%6.9%20.4%20.8%23.5%2.3%1.2%813.3K-8.3M-327.7K0.9985.24N/AN/A41741111,0308,969
2025-01-03$135.69$130.0023.0%6.6%20.7%16.1%22.7%2.8%1.4%1.6M-19.2M-348.3K0.8982.91N/AN/A766811,2159,083
2025-01-06$136.19$135.0025.2%7.1%19.3%27.7%22.2%3.1%2.3%1.8M-21.5M-338.9K2.7675.57N/AN/A8423211,2209,086
2025-01-07$137.34$135.0026.9%7.3%18.5%37.0%25.0%2.7%2.3%2.2M-27.0M-341.8K0.2675.65N/AN/A51913511,2759,096
2025-01-08$137.44$135.0026.4%7.4%15.8%34.0%24.5%3.1%2.2%2.1M-26.7M-339.7K0.1778.08N/AN/A3105411,2059,134
2025-01-10$137.20$135.0027.7%7.5%15.3%41.2%24.8%3.2%1.8%2.0M-23.5M-328.8K0.6981.15N/AN/A1188111,0359,146
2025-01-13$141.62$135.0033.5%7.6%19.2%72.1%26.6%2.8%2.3%3.3M-46.0M-328.0K2.5579.39N/AN/A4201,06911,0789,146
2025-01-14$143.33$140.0030.4%7.4%19.6%55.4%26.8%1.6%2.0%3.2M-52.4M-336.1K0.7680.25N/AN/A55342311,1699,966
2025-01-15$142.96$140.0025.7%7.4%19.1%30.2%26.4%2.3%2.2%3.4M-52.2M-345.8K1.8579.43N/AN/A5591,03611,51110,197
2025-01-16$144.92$140.0025.6%7.3%18.6%30.0%24.7%0.9%2.2%3.4M-63.1M-332.9K0.1484.38N/AN/A4005711,49310,996
2025-01-17$148.45$140.0023.6%6.8%20.1%19.4%24.1%1.2%2.6%917.9K-78.6M-326.6K0.2680.23N/AN/A1,04026711,52010,990
2025-01-21$152.44$140.0025.4%7.3%17.7%29.1%23.4%0.8%4.1%1.4M-50.3M-318.0K0.1168.88N/AN/A1,4451617,3026,656
2025-01-22$152.09$140.0024.1%6.9%18.0%22.0%24.2%1.7%2.6%2.1M-54.5M-343.7K0.7176.71N/AN/A2021438,4546,717
2025-01-23$152.46$140.0026.1%7.5%18.1%32.7%25.2%2.4%1.2%2.0M-55.6M-350.3K0.2077.74N/AN/A6281238,5146,798
2025-01-24$151.66$140.0025.4%7.3%18.3%28.5%25.1%1.7%2.0%2.2M-53.2M-348.8K0.5479.22N/AN/A114628,7736,788
2025-01-27$151.21$140.0025.1%7.2%18.5%27.4%24.4%2.5%2.7%2.3M-51.3M-347.5K1.0079.95N/AN/A2422418,8076,834
2025-01-28$150.86$140.0024.1%6.9%18.6%21.6%23.8%1.7%3.7%2.2M-49.8M-346.3K0.9378.26N/AN/A2382218,8267,035
2025-01-29$147.09$140.0024.0%6.9%21.4%21.2%23.1%2.5%4.4%1.7M-35.4M-346.5K0.7785.31N/AN/A1541188,9107,152
2025-01-30$150.56$140.0023.1%6.6%22.3%16.5%23.9%2.2%5.3%2.2M-49.2M-336.5K1.8082.50N/AN/A1342418,8847,175
2025-01-31$152.01$140.0024.3%7.0%21.8%22.8%24.5%0.9%4.0%2.3M-53.5M-340.7K1.0871.64N/AN/A1141238,8917,265