AN Options History — October 2018

In October 2018, AN traded between $38.10 and $42.57. ATM implied volatility averaged 37.8%, placing in the 69.1% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 11.3% (HV 20d: 26.5%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 5 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.94.

Notable Days

2018-10-02: Highest Volume — 3,995 contracts
2018-10-10: Largest IV spike — 19.7% change
2018-10-24: Highest IV Rank — 100.0%
2018-10-29: Largest Expected Move — 13.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$40.13	$38.10	$42.57	$41.38	$40.52
Max Pain	$41.26	$40.00	$45.00	$45.00	$41.00
ATM IV	37.8%	28.2%	46.3%	28.2%	34.8%
Expected Move	11.0%	8.1%	13.3%	8.1%	10.0%
HV 20d	26.5%	22.4%	33.9%	23.5%	33.4%
HV 60d	25.7%	25.0%	26.9%	26.8%	25.6%
IV Rank	69.1%	23.1%	100.0%	23.1%	49.4%
IV Percentile	85.3%	41.3%	100.0%	41.3%	79.0%
Term Structure	-4.6%	-9.0%	4.5%	4.2%	-1.8%
VWIV	34.9%	26.6%	47.4%	28.2%	36.4%
Skew 25d	4.0%	1.5%	5.3%	1.7%	3.4%
Skew 10d	7.0%	4.1%	12.0%	5.2%	7.2%
Call IV 25d	36.9%	26.9%	45.1%	26.9%	35.1%
Put IV 25d	40.9%	28.7%	49.2%	28.7%	38.4%
Bid-Ask Spread %	16.99	10.04	29.05	15.01	27.12
Gamma HHI	0.18	0.09	0.70	0.25	0.09
Net GEX	-326.2K	-1.0M	109.0K	-1.0M	-20.7K
Net DEX	14.7M	-2.4M	30.5M	27.4M	632.6K
Net VEX	-29.2K	-35.5K	-23.4K	-35.5K	-30.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.94	0.45	1.92	0.57	1.83
Total Volume	2,514.609	1,241	3,995	2,718	1,562
Total OI	12,363.261	4,831	16,902	16,310	6,787

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2018-10-01	$41.38	$45.00	28.2%	8.1%	23.5%	23.1%	28.2%	1.7%	4.2%	-1.0M	27.4M	-35.5K	0.57	15.01	N/A	N/A	1,735	983	5,275	11,035
2018-10-02	$40.70	$45.00	29.7%	8.5%	23.7%	30.6%	30.3%	2.6%	4.5%	-894.5K	29.1M	-33.7K	0.71	10.04	N/A	N/A	2,330	1,665	5,348	11,046
2018-10-03	$40.11	$45.00	30.5%	8.8%	23.9%	34.9%	30.5%	1.5%	4.3%	-622.0K	30.5M	-29.1K	0.47	12.59	N/A	N/A	2,649	1,256	5,829	11,073
2018-10-04	$39.28	$41.00	32.0%	10.4%	23.4%	42.6%	35.1%	4.1%	-4.6%	-487.2K	29.2M	-29.2K	0.57	13.83	N/A	N/A	1,919	1,085	6,102	10,527
2018-10-05	$39.30	$41.00	32.4%	10.4%	23.5%	44.4%	35.1%	3.0%	-4.6%	-441.7K	27.4M	-27.9K	0.64	14.79	N/A	N/A	1,384	881	6,124	10,036
2018-10-08	$39.98	$40.00	32.5%	10.4%	23.6%	44.7%	26.6%	4.7%	-4.9%	-431.1K	25.1M	-30.0K	0.57	11.35	N/A	N/A	1,522	862	6,443	9,908
2018-10-09	$39.86	$40.00	31.6%	10.4%	23.6%	40.6%	27.5%	4.0%	-4.3%	-408.2K	25.7M	-28.2K	0.57	11.09	N/A	N/A	1,440	826	6,444	9,933
2018-10-10	$39.92	$40.00	37.9%	10.9%	23.7%	72.0%	28.4%	3.4%	-5.1%	-444.6K	24.7M	-29.3K	0.49	16.88	N/A	N/A	2,006	992	6,493	9,918
2018-10-11	$39.20	$41.00	39.4%	11.3%	24.1%	80.0%	31.3%	5.3%	-5.6%	-341.8K	22.0M	-29.9K	0.60	22.37	N/A	N/A	2,109	1,266	7,126	8,872
2018-10-12	$38.10	$41.00	40.1%	11.5%	22.4%	83.2%	32.3%	4.4%	-5.5%	-313.0K	19.9M	-26.3K	0.48	14.24	N/A	N/A	2,076	990	7,224	7,916
2018-10-15	$38.74	$41.00	39.1%	11.2%	22.7%	78.5%	32.0%	5.3%	-6.3%	-337.8K	17.9M	-25.4K	0.82	14.16	N/A	N/A	1,410	1,151	7,293	7,490
2018-10-16	$40.03	$41.00	37.6%	10.8%	26.4%	70.8%	29.4%	4.9%	-5.2%	-440.6K	15.0M	-27.6K	0.69	18.32	N/A	N/A	1,439	994	7,308	7,519
2018-10-17	$39.69	$41.00	37.5%	10.7%	25.6%	70.0%	29.6%	3.9%	-5.2%	-522.9K	15.8M	-26.4K	0.74	16.40	N/A	N/A	1,349	1,000	7,249	7,554
2018-10-18	$38.72	$41.00	40.2%	11.5%	25.3%	84.0%	34.2%	3.9%	-6.3%	-375.9K	18.0M	-23.8K	0.75	18.47	N/A	N/A	1,431	1,070	7,252	7,425
2018-10-19	$38.89	$41.00	40.3%	11.6%	25.6%	84.4%	32.4%	3.4%	-6.3%	-725.7K	16.6M	-24.1K	1.02	13.79	N/A	N/A	1,209	1,236	7,310	7,138
2018-10-22	$38.87	$40.00	42.1%	12.1%	25.2%	93.3%	34.3%	4.4%	-5.9%	16.1K	1.2M	-23.4K	0.45	14.13	N/A	N/A	1,016	456	2,912	1,919
2018-10-23	$40.47	$40.00	42.3%	12.1%	28.9%	94.6%	42.3%	5.1%	-6.3%	56.6K	-343.3K	-26.5K	1.64	18.33	N/A	N/A	1,019	1,669	2,952	1,953
2018-10-24	$41.87	$40.00	44.9%	12.9%	31.7%	100.0%	44.8%	4.4%	-9.0%	-11.8K	-630.2K	-31.9K	0.80	18.95	N/A	N/A	1,367	1,089	3,036	2,875
2018-10-25	$42.42	$41.00	44.1%	12.7%	31.7%	96.5%	46.2%	4.8%	-8.1%	74.0K	-2.0M	-34.5K	1.84	19.27	N/A	N/A	912	1,680	3,512	2,865
2018-10-26	$42.57	$41.00	44.1%	12.6%	31.3%	96.4%	47.4%	5.2%	-8.7%	109.0K	-2.4M	-34.7K	1.52	27.14	N/A	N/A	836	1,274	3,642	2,703
2018-10-29	$41.92	$41.00	46.3%	13.3%	31.8%	100.0%	47.2%	4.1%	-8.8%	86.1K	-1.9M	-32.9K	1.84	29.05	N/A	N/A	437	804	3,657	2,713
2018-10-30	$40.44	$41.00	40.9%	11.7%	33.9%	76.4%	41.1%	4.6%	-5.5%	-5.3K	464.8K	-30.6K	1.92	13.40	N/A	N/A	496	954	3,751	2,868
2018-10-31	$40.52	$41.00	34.8%	10.0%	33.4%	49.4%	36.4%	3.4%	-1.8%	-20.7K	632.6K	-30.3K	1.83	27.12	N/A	N/A	552	1,010	3,832	2,955