AN Options History — March 2023

In March 2023, AN traded between $124.69 and $142.76. ATM implied volatility averaged 42.1%, placing in the 34.4% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded below realized volatility by 8.1% (HV 20d: 50.2%). Max pain ranged from $125.00 to $135.00. Net GEX was positive for 6 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 5.57.

Notable Days

  • 2023-03-23: Highest Volume — 3,554 contracts
  • 2023-03-13: Largest IV spike — 35.6% change
  • 2023-03-14: Highest IV Rank — 85.8%
  • 2023-03-15: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$132.38$124.69$142.76$137.47$133.57
Max Pain$133.04$125.00$135.00$135.00$135.00
ATM IV42.1%31.3%58.0%35.8%39.5%
Expected Move11.9%9.0%13.4%10.3%11.3%
HV 20d50.2%34.8%63.6%62.3%35.4%
HV 60d44.0%42.9%44.7%43.4%44.4%
IV Rank34.4%0.0%85.8%10.7%26.4%
IV Percentile39.8%0.0%98.8%3.6%19.8%
Term Structure0.0%-2.4%3.8%1.4%-1.3%
VWIV43.5%32.3%53.2%33.5%42.2%
Skew 25d7.0%4.3%10.3%6.5%4.3%
Skew 10d12.4%1.8%17.5%11.2%9.4%
Call IV 25d38.5%29.9%44.0%32.2%38.5%
Put IV 25d45.5%34.8%51.6%38.7%42.9%
Bid-Ask Spread %66.3156.0776.0969.0666.60
Gamma HHI0.140.080.240.120.10
Net GEX-662.6K-2.6M846.8K159.4K-237.0K
Net DEX5.0M-44.7M60.2M-24.2M-6.2M
Net VEX-331.3K-361.3K-310.2K-357.3K-336.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.570.3621.961.795.34
Total Volume1,303.5221353,554429735
Total OI26,372.8721,33630,65326,71225,094

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$137.47$135.0035.8%10.3%62.3%10.7%33.5%6.5%1.4%159.4K-24.2M-357.3K1.7969.06N/AN/A15427511,14015,572
2023-03-02$136.27$135.0034.0%9.7%61.3%4.4%32.6%5.2%2.6%-87.5K-21.1M-338.9K0.3673.92N/AN/A28210111,16815,644
2023-03-03$140.06$135.0031.3%9.0%58.9%0.0%32.3%4.9%3.8%388.7K-34.2M-325.2K0.7470.68N/AN/A45333710,96215,621
2023-03-06$139.28$125.0032.6%10.2%58.9%4.3%42.5%5.6%0.7%255.1K-32.2M-323.1K1.5159.31N/AN/A18527911,17615,776
2023-03-07$141.53$125.0033.4%10.4%58.8%7.0%40.6%6.1%0.5%621.6K-40.0M-327.9K3.4259.59N/AN/A9933911,14315,886
2023-03-08$142.76$125.0031.5%10.0%58.5%0.7%39.3%6.3%1.0%846.8K-44.7M-321.1K3.3657.46N/AN/A19364911,17515,952
2023-03-09$141.32$125.0038.4%11.1%58.6%22.8%39.1%6.9%0.3%435.8K-38.5M-326.1K11.7963.54N/AN/A1962,31011,14116,222
2023-03-10$137.96$130.0042.5%12.1%59.4%36.1%44.7%7.3%-1.5%-1.7M-7.4M-361.3K20.2459.60N/AN/A1042,10511,12818,366
2023-03-13$132.30$135.0057.6%13.1%61.4%84.7%53.2%7.5%-2.4%-2.6M27.5M-348.1K1.4356.16N/AN/A7001,00311,15119,152
2023-03-14$126.94$135.0058.0%13.1%62.8%85.8%45.1%8.4%-2.4%-1.8M53.2M-323.8K2.9856.07N/AN/A25275011,04319,478
2023-03-15$124.92$135.0046.8%13.4%61.2%49.8%51.7%7.8%-2.0%-1.3M60.2M-314.1K5.2765.31N/AN/A5102,68711,04919,604
2023-03-16$129.82$135.0044.0%12.6%63.1%41.1%49.0%5.1%0.3%-1.4M36.7M-322.1K5.0076.09N/AN/A13065011,03018,987
2023-03-17$126.51$135.0046.4%13.3%63.6%48.8%50.5%8.8%-1.7%-1.5M45.4M-310.2K21.9674.41N/AN/A1062,32811,06619,248
2023-03-20$127.29$135.0045.8%13.1%45.4%46.8%44.5%7.0%0.5%-941.4K19.0M-318.5K0.6369.14N/AN/A9946267,46513,871
2023-03-21$130.60$135.0043.4%12.4%34.8%39.1%45.7%8.1%0.4%-682.5K10.1M-333.7K17.1566.92N/AN/A601,0298,16814,229
2023-03-22$127.75$135.0043.4%12.4%35.3%39.1%47.3%10.3%0.2%-878.1K19.4M-331.4K7.3775.09N/AN/A1441,0618,18514,241
2023-03-23$125.01$135.0046.5%13.3%35.7%48.9%45.7%10.1%-1.2%-1.3M30.6M-329.8K0.6664.22N/AN/A2,1361,4188,10214,789
2023-03-24$124.69$135.0046.2%13.2%34.9%47.9%47.7%7.0%-0.8%-1.0M24.2M-348.3K4.1172.44N/AN/A2068478,95215,104
2023-03-27$127.22$135.0045.0%12.9%35.9%44.0%46.1%7.6%-0.4%-884.9K17.7M-335.1K8.2467.74N/AN/A2311,9039,15615,252
2023-03-28$128.96$135.0041.6%11.9%36.1%33.2%41.8%6.8%2.1%-661.4K12.8M-328.7K0.6357.80N/AN/A4642929,24115,224
2023-03-29$130.35$135.0042.4%12.2%36.4%35.9%43.8%7.7%-0.3%-566.9K7.3M-325.5K1.5073.30N/AN/A54819,48615,336
2023-03-30$132.16$135.0041.8%12.0%36.7%34.0%42.3%5.4%0.3%-328.3K-576.5K-333.2K2.6370.56N/AN/A1443799,47415,327
2023-03-31$133.57$135.0039.5%11.3%35.4%26.4%42.2%4.3%-1.3%-237.0K-6.2M-336.3K5.3466.60N/AN/A1166199,54715,547