AN Options History — March 2022

In March 2022, AN traded between $100.48 and $120.36. ATM implied volatility averaged 46.8%, placing in the 43.9% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded below realized volatility by 1.7% (HV 20d: 48.5%). Max pain ranged from $60.00 to $120.00. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 1.29.

Notable Days

2022-03-22: Highest Volume — 3,388 contracts
2022-03-03: Largest IV spike — 19.3% change
2022-03-07: Highest IV Rank — 75.9%
2022-03-08: Largest Expected Move — 19.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$113.25	$100.48	$120.36	$113.00	$100.48
Max Pain	$108.86	$60.00	$120.00	$105.00	$120.00
ATM IV	46.8%	38.6%	59.4%	49.6%	43.0%
Expected Move	14.3%	12.0%	19.2%	14.2%	13.0%
HV 20d	48.5%	37.4%	54.2%	42.8%	41.1%
HV 60d	39.6%	35.9%	43.0%	35.9%	43.0%
IV Rank	43.9%	22.9%	75.9%	51.1%	34.1%
IV Percentile	83.1%	58.7%	97.6%	93.3%	77.8%
Term Structure	2.5%	-4.2%	13.1%	-4.2%	3.0%
VWIV	54.9%	44.1%	75.6%	57.1%	45.4%
Skew 25d	9.0%	-2.7%	19.7%	6.4%	0.7%
Skew 10d	13.2%	-2.7%	49.1%	12.3%	6.2%
Call IV 25d	43.9%	37.5%	51.6%	51.6%	46.5%
Put IV 25d	52.9%	41.6%	65.1%	58.0%	47.1%
Bid-Ask Spread %	63.10	42.47	86.34	73.39	54.09
Gamma HHI	0.16	0.14	0.22	0.15	0.15
Net GEX	944.6K	-807.4K	2.5M	919.3K	-807.4K
Net DEX	-15.4M	-38.7M	26.8M	-18.6M	26.8M
Net VEX	-207.3K	-226.0K	-178.6K	-223.0K	-178.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.29	0.26	2.82	1.21	0.63
Total Volume	1,731.087	904	3,388	904	2,261
Total OI	15,111.304	12,885	17,214	13,607	17,214

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
2022-03-01	$113.00	$105.00	49.6%	14.2%	42.8%	51.1%	57.1%	6.4%	-4.2%	919.3K	-18.6M	-223.0K	1.21	73.39	N/A	N/A	409	495	8,035	5,572
2022-03-02	$120.36	$105.00	47.1%	13.5%	48.0%	44.6%	51.1%	8.5%	-1.3%	1.2M	-36.6M	-226.0K	0.26	65.41	N/A	N/A	1,785	456	8,044	5,636
2022-03-03	$112.88	$105.00	56.1%	16.1%	53.9%	67.6%	57.3%	8.8%	2.3%	1.0M	-19.5M	-224.0K	0.59	66.26	N/A	N/A	760	450	8,556	5,649
2022-03-04	$112.92	$105.00	50.8%	14.6%	53.8%	53.9%	53.9%	9.0%	-0.7%	1.0M	-19.4M	-221.5K	0.68	72.87	N/A	N/A	683	465	8,607	5,671
2022-03-07	$109.62	$105.00	59.4%	17.0%	53.6%	75.9%	66.9%	5.1%	-0.8%	777.6K	-10.8M	-210.4K	0.72	80.92	N/A	N/A	620	449	8,625	5,714
2022-03-08	$112.75	$105.00	51.0%	19.2%	54.2%	54.5%	66.1%	15.0%	2.9%	997.9K	-20.8M	-220.8K	1.26	84.26	N/A	N/A	502	635	8,653	5,734
2022-03-09	$110.72	$105.00	50.5%	16.9%	54.0%	53.3%	75.6%	13.9%	2.7%	963.1K	-14.5M	-210.8K	1.95	83.74	N/A	N/A	422	823	8,720	5,824
2022-03-10	$110.37	$105.00	52.4%	18.5%	53.5%	58.0%	63.4%	13.3%	-2.6%	833.5K	-11.5M	-207.7K	1.36	82.35	N/A	N/A	496	674	8,734	6,053
2022-03-11	$110.59	$105.00	51.7%	16.0%	51.9%	56.2%	69.0%	19.7%	4.9%	941.7K	-13.0M	-204.9K	1.43	86.34	N/A	N/A	589	844	8,724	6,159
2022-03-14	$113.29	$105.00	52.3%	14.2%	52.5%	57.9%	54.3%	18.3%	2.0%	1.2M	-20.8M	-204.1K	1.04	46.33	N/A	N/A	574	599	8,826	6,562
2022-03-15	$115.49	$105.00	50.7%	13.7%	52.7%	53.9%	52.1%	15.7%	2.3%	1.5M	-26.3M	-198.8K	1.49	47.52	N/A	N/A	535	796	8,830	6,549
2022-03-16	$117.19	$105.00	50.5%	13.6%	51.3%	53.4%	51.3%	15.3%	5.1%	1.8M	-33.3M	-202.9K	1.15	42.47	N/A	N/A	700	805	8,828	6,722
2022-03-17	$118.69	$0.00	43.5%	13.1%	50.9%	35.4%	47.3%	12.6%	5.2%	2.2M	-36.4M	-198.7K	0.92	62.99	N/A	N/A	877	809	8,881	6,721
2022-03-18	$118.81	$60.00	41.3%	14.8%	48.7%	29.8%	49.8%	10.8%	13.1%	2.5M	-38.7M	-194.0K	1.59	61.36	N/A	N/A	597	951	9,192	6,747
2022-03-21	$117.32	$115.00	41.1%	13.2%	48.4%	29.4%	54.3%	13.7%	10.5%	1.1M	-23.8M	-188.4K	1.85	57.62	N/A	N/A	565	1,047	7,469	5,416
2022-03-22	$118.31	$120.00	39.2%	12.0%	46.1%	24.5%	48.5%	6.3%	2.4%	1.2M	-21.4M	-189.8K	2.82	60.94	N/A	N/A	887	2,501	7,562	5,811
2022-03-23	$116.05	$120.00	41.6%	12.0%	46.1%	30.6%	53.3%	0.3%	0.7%	817.0K	-14.5M	-212.2K	1.36	60.65	N/A	N/A	1,090	1,483	8,022	7,135
2022-03-24	$113.14	$120.00	41.5%	12.5%	47.0%	30.5%	55.3%	-0.5%	1.4%	635.5K	-6.4M	-218.9K	1.60	48.47	N/A	N/A	939	1,499	8,232	7,739
2022-03-25	$111.62	$120.00	40.0%	12.9%	42.2%	26.6%	51.1%	-2.7%	5.4%	441.6K	-1.2M	-210.4K	1.69	54.22	N/A	N/A	947	1,603	8,249	8,063
2022-03-28	$109.64	$120.00	42.0%	12.7%	42.1%	31.6%	46.4%	5.3%	2.2%	173.3K	4.3M	-202.6K	1.47	54.73	N/A	N/A	903	1,325	8,253	8,164
2022-03-29	$112.61	$120.00	43.0%	12.1%	42.9%	34.1%	44.1%	4.2%	-2.2%	527.0K	-5.7M	-214.8K	1.41	49.25	N/A	N/A	869	1,221	8,303	8,349
2022-03-30	$108.91	$120.00	38.6%	12.4%	37.4%	22.9%	48.9%	6.3%	4.4%	-158.0K	8.8M	-204.8K	1.19	55.17	N/A	N/A	855	1,020	8,342	8,669
2022-03-31	$100.48	$120.00	43.0%	13.0%	41.1%	34.1%	45.4%	0.7%	3.0%	-807.4K	26.8M	-178.6K	0.63	54.09	N/A	N/A	1,387	874	8,370	8,844