AN Options History — February 2022

In February 2022, AN traded between $103.37 and $114.83. ATM implied volatility averaged 52.8%, placing in the 62.8% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded above realized volatility by 16.4% (HV 20d: 36.5%). Max pain ranged from $105.00 to $110.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.75.

Notable Days

2022-02-17: Highest Volume — 5,047 contracts
2022-02-09: Largest IV drop — 32.7% change
2022-02-02: Highest IV Rank — 100.0%
2022-02-02: Largest Expected Move — 17.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$107.60	$103.37	$114.83	$108.74	$114.83
Max Pain	$108.16	$105.00	$110.00	$110.00	$105.00
ATM IV	52.8%	42.2%	68.9%	52.3%	48.9%
Expected Move	14.1%	12.1%	17.2%	15.0%	14.0%
HV 20d	36.5%	31.2%	42.5%	33.0%	42.4%
HV 60d	36.6%	32.2%	39.9%	39.2%	36.1%
IV Rank	62.8%	32.1%	100.0%	76.3%	49.2%
IV Percentile	93.4%	80.6%	100.0%	97.2%	92.1%
Term Structure	-4.8%	-14.9%	1.1%	-6.7%	0.2%
VWIV	50.5%	43.6%	68.1%	68.1%	47.2%
Skew 25d	6.0%	-1.0%	15.1%	9.6%	15.1%
Skew 10d	17.4%	12.2%	26.0%	12.4%	18.6%
Call IV 25d	49.5%	40.0%	66.8%	57.4%	42.2%
Put IV 25d	55.5%	47.4%	67.1%	67.1%	57.2%
Bid-Ask Spread %	69.68	54.02	78.18	70.57	69.88
Gamma HHI	0.18	0.14	0.58	0.16	0.15
Net GEX	993.2K	239.1K	5.9M	331.5K	1.0M
Net DEX	-6.1M	-31.3M	6.8M	90.5K	-22.4M
Net VEX	-199.4K	-248.2K	-163.1K	-173.7K	-221.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.75	0.16	1.63	1.38	0.98
Total Volume	2,334	958	5,047	1,568	958
Total OI	14,870.368	10,805	22,151	10,805	13,492

Daily Data (19 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
2022-02-01	$108.74	$110.00	52.3%	15.0%	33.0%	76.3%	68.1%	9.6%	-6.7%	331.5K	90.5K	-173.7K	1.38	70.57	N/A	N/A	658	910	5,701	5,104
2022-02-02	$108.55	$110.00	60.0%	17.2%	32.6%	100.0%	64.9%	-1.0%	-13.8%	268.6K	1.5M	-171.4K	1.21	78.18	N/A	N/A	615	743	5,743	5,373
2022-02-03	$107.69	$110.00	64.0%	14.3%	31.2%	100.0%	48.5%	8.5%	-4.0%	239.1K	2.3M	-176.1K	0.38	64.32	N/A	N/A	1,589	605	5,968	5,516
2022-02-04	$104.26	$110.00	60.4%	13.3%	32.9%	89.4%	46.7%	9.6%	-4.2%	320.4K	6.1M	-169.0K	0.50	54.02	N/A	N/A	1,054	526	6,920	5,567
2022-02-07	$103.37	$110.00	67.4%	13.1%	32.7%	100.0%	44.7%	13.1%	-1.9%	313.3K	6.8M	-163.1K	0.71	70.43	N/A	N/A	1,069	757	7,110	5,618
2022-02-08	$106.31	$110.00	68.9%	13.6%	33.3%	100.0%	45.9%	5.3%	-4.9%	596.4K	-800.1K	-177.7K	0.24	64.33	N/A	N/A	2,602	633	7,566	5,888
2022-02-09	$108.61	$110.00	46.4%	13.3%	34.4%	42.8%	47.5%	6.0%	-5.9%	1.0M	-11.0M	-204.9K	1.12	62.75	N/A	N/A	711	794	9,354	6,056
2022-02-10	$105.04	$110.00	47.3%	13.6%	35.5%	45.3%	46.7%	0.4%	-2.0%	689.5K	-741.7K	-196.5K	0.76	62.42	N/A	N/A	1,176	889	9,434	6,274
2022-02-11	$105.01	$110.00	59.5%	17.1%	35.5%	76.2%	58.9%	1.4%	-14.9%	617.7K	491.9K	-200.3K	0.37	76.45	N/A	N/A	1,883	704	9,320	6,610
2022-02-14	$104.54	$110.00	53.6%	15.4%	35.4%	61.1%	56.4%	3.3%	-7.3%	763.3K	-414.8K	-189.9K	0.74	67.47	N/A	N/A	823	612	10,409	6,676
2022-02-15	$108.65	$110.00	53.8%	15.4%	38.3%	61.7%	55.5%	6.3%	-8.0%	1.2M	-11.7M	-201.4K	0.16	70.18	N/A	N/A	3,618	590	10,507	6,704
2022-02-16	$111.31	$105.00	54.4%	15.6%	38.2%	63.1%	54.2%	-0.9%	-8.6%	1.8M	-31.3M	-248.2K	0.43	69.47	N/A	N/A	3,386	1,465	12,317	6,738
2022-02-17	$107.39	$110.00	42.3%	12.1%	40.1%	32.4%	45.7%	-0.9%	1.1%	1.7M	-6.6M	-217.1K	0.64	74.28	N/A	N/A	3,078	1,969	13,913	7,848
2022-02-18	$110.29	$105.00	42.3%	12.1%	41.1%	32.5%	43.6%	7.6%	-0.1%	5.9M	-23.1M	-229.2K	0.52	75.48	N/A	N/A	2,679	1,396	14,220	7,931
2022-02-22	$106.30	$105.00	48.4%	13.9%	37.8%	47.9%	47.5%	7.3%	-4.8%	442.4K	-2.6M	-207.3K	0.60	77.91	N/A	N/A	1,191	711	7,694	5,186
2022-02-23	$104.27	$105.00	46.2%	13.3%	38.1%	42.4%	46.7%	7.4%	-2.0%	371.0K	793.9K	-198.8K	1.63	71.07	N/A	N/A	577	941	7,838	5,207
2022-02-24	$106.30	$105.00	46.0%	13.2%	37.8%	41.7%	47.2%	8.2%	-2.4%	406.7K	-6.6M	-218.9K	1.27	72.41	N/A	N/A	539	684	7,846	5,441
2022-02-25	$112.89	$105.00	42.2%	12.1%	42.5%	32.1%	44.0%	7.3%	-1.2%	943.0K	-17.5M	-223.3K	0.69	72.34	N/A	N/A	717	494	7,947	5,501
2022-02-28	$114.83	$105.00	48.9%	14.0%	42.4%	49.2%	47.2%	15.1%	0.2%	1.0M	-22.4M	-221.6K	0.98	69.88	N/A	N/A	485	473	7,985	5,507