AN Options History — February 2007

In February 2007, AN traded between $21.96 and $23.08. ATM implied volatility averaged 19.4%. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 4.9% (HV 20d: 14.5%). Max pain ranged from $22.50 to $22.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 3.08.

Notable Days

  • 2007-02-06: Highest Volume — 2,330 contracts
  • 2007-02-06: Largest IV spike — 37.6% change
  • 2007-02-06: Largest Expected Move — 5.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.76$21.96$23.08$22.60$21.96
Max Pain$22.50$22.50$22.50$22.50$22.50
ATM IV19.4%16.9%28.5%19.6%16.9%
Expected Move5.3%4.8%5.8%5.6%4.8%
HV 20d14.5%11.5%16.1%15.9%14.8%
Term Structure-0.8%-1.7%1.1%-1.6%1.1%
VWIV18.0%13.7%19.9%18.7%17.1%
Skew 25d2.7%-3.3%5.1%2.9%-1.3%
Skew 10d3.0%-5.5%5.3%3.4%-2.4%
Call IV 25d15.2%13.2%20.5%13.6%17.4%
Put IV 25d17.9%16.1%19.0%16.5%16.1%
Bid-Ask Spread %12.347.5822.1012.0120.04
Gamma HHI0.480.360.660.590.66
Net GEX355.9K56.1K687.8K555.5K687.8K
Net DEX-36.0M-38.9M-31.3M-33.9M-31.3M
Net VEX-55.8K-64.1K-49.3K-58.7K-60.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.080.0026.750.431.45
Total Volume476.84202,33033147
Total OI25,481.21122,97628,46625,14723,223

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-02-01$22.60$22.5019.6%5.6%15.9%0.0%0.0%2.9%-1.6%555.5K-33.9M-58.7K0.4312.01N/AN/A231019,7275,420
2007-02-02$22.90$22.5020.8%5.3%16.1%0.0%18.7%-1.0%-0.9%463.4K-36.5M-54.6K0.0611.36N/AN/A5053019,7505,430
2007-02-05$22.65$22.5020.8%5.4%15.6%0.0%0.0%-3.3%-1.2%493.5K-34.7M-56.5K0.5910.58N/AN/A171019,7365,450
2007-02-06$22.81$22.5028.5%5.8%15.5%0.0%13.7%3.7%-1.7%494.8K-34.8M-57.7K1.808.34N/AN/A8311,49919,7355,460
2007-02-07$22.96$22.5023.6%5.7%15.2%0.0%19.9%4.7%-1.3%219.9K-36.5M-59.9K3.269.28N/AN/A4631,50820,3976,812
2007-02-08$22.93$22.5018.9%5.4%15.1%0.0%18.9%4.0%-1.1%56.1K-36.7M-59.7K0.337.88N/AN/A75425020,6837,783
2007-02-09$22.74$22.5019.0%5.4%14.1%0.0%19.0%3.9%-1.5%219.6K-36.2M-64.1K0.008.32N/AN/A02021,1497,140
2007-02-12$22.81$22.5019.3%5.5%14.1%0.0%0.0%4.1%-0.9%188.2K-36.5M-62.1K0.8110.68N/AN/A70256821,1497,160
2007-02-13$23.08$22.5018.9%5.4%14.2%0.0%18.9%5.1%-0.7%191.8K-38.6M-55.8K0.3214.33N/AN/A943020,6436,592
2007-02-14$23.03$22.5018.6%5.3%14.4%0.0%18.6%4.4%-1.5%165.6K-38.9M-53.2K0.4812.04N/AN/A23711420,7176,622
2007-02-15$23.05$22.5017.2%4.9%14.4%0.0%17.2%3.9%-0.5%168.3K-38.8M-52.6K0.1413.98N/AN/A2113020,7236,675
2007-02-16$22.90$22.5017.8%5.1%14.5%0.0%17.8%3.2%-0.8%121.2K-38.9M-53.0K4.0913.75N/AN/A5422120,7346,691
2007-02-20$22.90$22.5018.5%5.3%14.4%0.0%0.0%4.3%-1.2%402.8K-36.3M-49.3K1.1612.44N/AN/A13816018,9853,991
2007-02-21$22.74$22.5018.7%5.4%14.8%0.0%18.7%3.2%-1.2%434.5K-35.7M-52.7K26.7512.38N/AN/A410719,0514,105
2007-02-22$22.74$22.5017.9%5.1%13.1%0.0%0.0%3.0%-0.3%442.5K-35.7M-53.1K0.007.58N/AN/A0019,0514,049
2007-02-23$22.73$22.5017.1%4.9%13.0%0.0%0.0%2.7%0.4%451.1K-35.6M-53.2K0.0014.32N/AN/A0019,0514,049
2007-02-26$22.74$22.5018.4%5.3%11.5%0.0%0.0%2.9%-1.2%421.6K-35.9M-49.5K0.0013.07N/AN/A11019,0514,049
2007-02-27$22.14$22.5017.7%5.1%14.5%0.0%17.7%1.1%-0.1%583.1K-33.0M-55.0K7.6722.10N/AN/A3627619,0614,049
2007-02-28$21.96$22.5016.9%4.8%14.8%0.0%17.1%-1.3%1.1%687.8K-31.3M-60.2K1.4520.04N/AN/A608719,0874,136