AN Options History — May 2023

In May 2023, AN traded between $129.38 and $140.82. ATM implied volatility averaged 34.4%, placing in the 11.5% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 2.4% (HV 20d: 32.0%). Max pain ranged from $125.00 to $135.00. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 1.11.

Notable Days

  • 2023-05-23: Highest Volume — 1,182 contracts
  • 2023-05-05: Largest IV drop — 14.5% change
  • 2023-05-31: Highest IV Rank — 27.1%
  • 2023-05-31: Largest Expected Move — 11.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$134.60$129.38$140.82$136.73$131.86
Max Pain$129.77$125.00$135.00$135.00$130.00
ATM IV34.4%31.3%39.3%32.5%39.3%
Expected Move9.9%9.0%11.3%9.3%11.3%
HV 20d32.0%27.2%35.8%35.0%35.8%
HV 60d38.7%32.2%44.7%43.8%35.0%
IV Rank11.5%1.7%27.1%5.5%27.1%
IV Percentile8.7%0.8%29.8%2.0%29.8%
Term Structure1.2%-0.5%2.9%-0.2%0.4%
VWIV35.2%31.4%40.6%32.3%38.8%
Skew 25d6.0%4.9%8.9%5.1%5.4%
Skew 10d11.4%5.4%16.8%11.5%6.4%
Call IV 25d32.0%29.6%36.3%30.4%36.3%
Put IV 25d38.0%35.2%42.8%35.5%41.8%
Bid-Ask Spread %69.5757.4079.2071.7072.42
Gamma HHI0.090.060.190.140.07
Net GEX-248.8K-776.6K555.6K-721.4K-642
Net DEX-5.4M-23.0M7.0M-2.4M-2.1M
Net VEX-255.5K-272.8K-229.0K-271.3K-241.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.108.550.740.95
Total Volume412.636991,1827501,161
Total OI16,779.13615,04017,73016,93716,041

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$136.73$135.0032.5%9.3%35.0%5.5%32.3%5.1%-0.2%-721.4K-2.4M-271.3K0.7471.70N/AN/A4303206,77910,158
2023-05-02$134.49$135.0034.1%9.8%35.2%10.6%34.6%5.3%0.5%-581.9K-1.3M-270.8K8.5573.36N/AN/A998467,0019,966
2023-05-03$132.79$135.0034.6%9.9%32.7%12.0%33.9%5.7%-0.5%-508.2K587.1K-266.6K0.1079.20N/AN/A663687,0049,618
2023-05-04$129.38$130.0038.5%10.8%33.6%24.4%40.6%8.9%0.8%-647.6K7.0M-272.8K1.1857.40N/AN/A891057,3249,721
2023-05-05$133.19$130.0032.9%9.6%34.6%6.7%37.2%7.0%2.6%-405.7K-1.2M-270.1K1.5559.48N/AN/A661027,3439,734
2023-05-08$135.43$125.0033.9%9.8%34.5%9.8%39.5%6.6%2.1%-257.9K-5.2M-270.8K4.6163.45N/AN/A381757,3589,743
2023-05-09$135.71$125.0034.3%9.8%32.2%11.0%34.3%5.9%2.0%-241.5K-6.8M-264.6K0.5966.84N/AN/A87517,3779,824
2023-05-10$133.70$125.0033.4%9.6%32.1%8.4%33.6%6.2%1.9%-406.9K-2.9M-260.3K0.1866.91N/AN/A98187,4649,829
2023-05-11$132.37$125.0034.9%10.0%32.2%13.0%34.7%6.8%1.2%-547.9K36.9K-263.8K0.2465.84N/AN/A212507,5589,837
2023-05-12$131.64$130.0034.2%9.8%31.7%10.7%34.0%6.4%1.6%-676.4K2.6M-269.5K0.3167.06N/AN/A117367,7199,848
2023-05-15$133.45$130.0032.1%9.2%32.1%4.3%33.5%6.9%2.9%-514.6K-3.3M-254.4K0.8165.46N/AN/A112917,7019,838
2023-05-16$131.53$130.0034.0%9.8%31.8%10.3%34.4%6.4%1.6%-776.6K3.3M-253.5K0.7470.08N/AN/A57427,6909,899
2023-05-17$135.33$130.0032.6%9.4%33.5%5.9%32.2%6.3%2.5%-558.7K-7.2M-245.2K0.3371.78N/AN/A240787,6999,906
2023-05-18$136.28$130.0032.4%9.3%30.1%5.0%34.1%6.4%1.4%-519.8K-11.7M-240.0K0.7970.07N/AN/A1391107,7649,919
2023-05-19$133.53$130.0031.3%9.0%30.6%1.7%33.3%5.0%2.3%-18.6K-295.0K-239.9K0.5274.73N/AN/A3531847,7969,934
2023-05-22$134.34$130.0031.4%9.0%30.6%1.8%31.4%5.2%2.7%56.9K-7.5M-229.0K0.8375.48N/AN/A93776,7088,332
2023-05-23$137.69$130.0032.9%9.4%30.4%6.9%34.4%5.1%1.5%145.4K-11.1M-247.4K0.2072.22N/AN/A9881946,7748,401
2023-05-24$137.22$130.0036.7%10.5%30.1%18.7%36.8%5.7%-0.1%415.7K-16.3M-243.1K0.2269.98N/AN/A212467,3418,496
2023-05-25$136.31$130.0037.4%10.7%29.5%21.0%37.2%5.5%0.1%336.0K-14.0M-253.7K0.1174.72N/AN/A228257,3068,518
2023-05-26$137.40$130.0036.2%10.4%29.5%17.2%35.8%4.9%0.7%401.0K-15.6M-248.2K0.6572.52N/AN/A1951277,3928,532
2023-05-30$140.82$130.0037.6%10.8%27.2%21.6%38.9%5.9%-0.5%555.6K-23.0M-244.5K0.2769.94N/AN/A5151417,3558,594
2023-05-31$131.86$130.0039.3%11.3%35.8%27.1%38.8%5.4%0.4%-642-2.1M-241.2K0.9572.42N/AN/A5955667,3938,648