AN Options History — February 2023

In February 2023, AN traded between $130.22 and $158.00. ATM implied volatility averaged 41.6%, placing in the 25.4% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded below realized volatility by 1.1% (HV 20d: 42.7%). Max pain ranged from $110.00 to $135.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 2.14.

Notable Days

  • 2023-02-17: Highest Volume — 7,977 contracts
  • 2023-02-08: Largest IV drop — 25.5% change
  • 2023-02-07: Highest IV Rank — 61.9%
  • 2023-02-01: Largest Expected Move — 14.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$138.62$130.22$158.00$130.22$137.07
Max Pain$132.11$110.00$135.00$110.00$135.00
ATM IV41.6%32.6%55.4%49.1%36.2%
Expected Move11.2%9.4%14.1%14.1%10.4%
HV 20d42.7%29.4%62.8%29.9%62.5%
HV 60d36.1%30.6%43.8%33.0%43.7%
IV Rank25.4%0.0%61.9%43.9%12.0%
IV Percentile32.9%0.0%92.1%71.8%4.8%
Term Structure-0.7%-12.0%4.5%-12.0%1.6%
VWIV40.7%34.7%51.0%51.0%34.9%
Skew 25d5.2%3.7%6.9%3.7%5.6%
Skew 10d10.9%4.2%24.4%24.4%13.2%
Call IV 25d37.7%32.3%46.0%46.0%33.2%
Put IV 25d42.9%37.1%49.7%49.7%38.8%
Bid-Ask Spread %53.7439.3771.2371.2365.86
Gamma HHI0.100.090.130.110.13
Net GEX605.6K20.9K1.0M881.7K20.9K
Net DEX-51.7M-126.4M-22.6M-44.1M-22.6M
Net VEX-307.7K-359.7K-215.9K-228.1K-348.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.140.186.005.961.67
Total Volume1,939.1053427,9771,191766
Total OI23,905.26317,40429,52717,40426,333

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$130.22$110.0049.1%14.1%29.9%43.9%51.0%3.7%-12.0%881.7K-44.1M-228.1K5.9671.23N/AN/A1711,0207,08510,319
2023-02-02$137.61$120.0047.3%11.1%33.7%38.8%40.2%4.2%-1.9%862.7K-60.9M-215.9K0.9341.48N/AN/A2,0481,9087,16311,049
2023-02-03$136.86$135.0050.5%11.7%33.7%48.1%42.6%5.0%-1.1%545.9K-51.3M-273.5K1.0746.98N/AN/A2802998,11112,189
2023-02-06$134.95$135.0055.0%11.9%34.8%60.8%41.4%5.3%-1.1%556.8K-46.7M-269.1K2.8745.97N/AN/A5191,4888,14712,281
2023-02-07$132.78$135.0055.4%11.7%35.8%61.9%41.9%5.4%-1.7%390.2K-39.1M-289.2K1.0243.58N/AN/A1,3541,3828,23513,339
2023-02-08$133.66$135.0041.3%11.8%35.5%21.8%45.0%6.1%-0.7%468.0K-41.2M-333.5K0.1948.95N/AN/A7791469,07414,625
2023-02-09$133.25$135.0041.9%12.0%35.3%23.7%46.8%5.2%-1.5%429.9K-43.2M-317.8K1.6942.24N/AN/A1372329,18514,652
2023-02-10$133.70$130.0041.1%11.8%35.3%26.2%43.2%5.4%-1.3%477.5K-45.4M-314.2K1.8849.39N/AN/A2023799,29514,793
2023-02-13$135.44$130.0042.5%12.2%29.4%31.0%45.7%6.0%-2.6%500.7K-51.4M-301.5K0.1849.43N/AN/A9091639,36115,085
2023-02-14$140.38$130.0040.3%11.5%29.5%23.3%43.7%5.9%-2.1%770.6K-66.4M-309.7K4.1042.78N/AN/A21889410,09515,120
2023-02-15$140.77$135.0042.7%12.2%29.7%31.6%43.4%5.0%-3.4%602.2K-67.0M-311.1K1.2145.72N/AN/A28734810,25115,803
2023-02-16$140.83$135.0042.0%12.0%29.7%29.2%42.6%3.8%-3.0%546.4K-67.5M-313.1K2.5558.50N/AN/A1,3663,47810,28115,988
2023-02-17$158.00$135.0032.6%9.4%47.0%0.0%35.1%4.9%4.5%1.0M-126.4M-286.0K0.5139.37N/AN/A5,2722,70511,30818,219
2023-02-21$143.74$135.0035.4%10.2%61.3%9.4%35.1%5.2%2.3%677.3K-45.8M-346.9K1.1562.38N/AN/A1,7181,97510,16014,233
2023-02-22$143.50$135.0033.9%9.7%61.0%4.2%35.1%5.5%2.8%1.0M-50.0M-342.6K2.7564.89N/AN/A25469910,91714,333
2023-02-23$142.67$135.0033.8%9.7%61.3%3.7%35.5%4.6%1.9%890.0K-46.5M-345.0K2.2568.05N/AN/A24956010,96514,441
2023-02-24$138.81$135.0034.6%9.9%62.8%6.5%34.9%5.3%3.0%450.1K-33.1M-341.2K6.0067.32N/AN/A3281,96811,05214,503
2023-02-27$139.50$135.0034.3%9.8%62.0%5.5%34.7%6.9%2.8%423.6K-32.9M-359.7K2.6867.01N/AN/A9324911,01015,200
2023-02-28$137.07$135.0036.2%10.4%62.5%12.0%34.9%5.6%1.6%20.9K-22.6M-348.3K1.6765.86N/AN/A28747911,02515,308