AN Options History — January 2025

In January 2025, AN traded between $167.45 and $190.26. ATM implied volatility averaged 33.5%, placing in the 27.8% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 12.9% (HV 20d: 20.6%). Max pain ranged from $160.00 to $185.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 1.54.

Notable Days

  • 2025-01-17: Highest Volume — 327 contracts
  • 2025-01-10: Largest IV spike — 14.0% change
  • 2025-01-30: Highest IV Rank — 44.9%
  • 2025-01-30: Largest Expected Move — 11.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$180.30$167.45$190.26$167.45$187.97
Max Pain$169.75$160.00$185.00$165.00$185.00
ATM IV33.5%27.2%39.5%29.7%39.2%
Expected Move10.0%8.0%11.3%8.5%11.2%
HV 20d20.6%19.2%22.7%19.2%20.3%
HV 60d27.5%24.3%28.8%28.1%24.5%
IV Rank27.8%9.7%44.9%16.8%44.1%
IV Percentile49.9%10.7%80.6%22.6%80.6%
Term Structure-2.2%-6.7%6.0%5.0%-6.2%
VWIV35.0%27.9%40.1%28.8%40.1%
Skew 25d4.4%2.5%12.4%2.7%5.1%
Skew 10d10.2%-0.1%30.1%6.7%9.2%
Call IV 25d32.7%27.6%36.8%28.4%36.8%
Put IV 25d37.1%30.1%41.9%31.1%41.9%
Bid-Ask Spread %67.3253.5285.5583.2470.89
Gamma HHI0.200.110.620.110.15
Net GEX300.6K42.1K750.8K42.1K158.8K
Net DEX-8.6M-21.4M-3.1M-3.1M-6.0M
Net VEX-31.5K-44.3K-23.2K-44.3K-28.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.540.107.250.220.42
Total Volume85.31332713237
Total OI3,566.551,5205,1545,0511,848

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$167.45$165.0029.7%8.5%19.2%16.8%28.8%2.7%5.0%42.1K-3.1M-44.3K0.2283.24N/AN/A108242,1322,919
2025-01-03$169.29$165.0028.0%8.0%19.6%11.8%27.9%2.5%6.0%148.9K-4.9M-42.3K0.4285.55N/AN/A1252,1872,918
2025-01-06$172.71$170.0028.6%10.0%20.0%13.6%34.3%4.2%-1.9%288.7K-7.9M-40.5K0.1459.57N/AN/A2942,1862,918
2025-01-07$172.37$160.0030.3%10.1%20.0%18.6%37.5%3.8%-1.1%323.7K-8.0M-38.9K2.3053.52N/AN/A10232,2022,917
2025-01-08$173.00$160.0027.2%9.8%20.1%9.7%33.4%3.3%-0.6%365.0K-8.5M-37.4K4.5060.00N/AN/A4182,2092,932
2025-01-10$171.20$160.0031.1%10.5%20.1%20.7%37.4%2.8%-1.9%271.7K-6.5M-36.6K0.5963.33N/AN/A27162,2102,932
2025-01-13$174.92$165.0035.0%10.5%21.7%32.0%36.8%4.0%-1.9%459.2K-10.1M-32.9K0.8055.52N/AN/A107862,2082,933
2025-01-14$178.25$165.0033.8%10.3%22.6%28.5%35.9%4.1%-1.9%601.9K-13.8M-30.8K0.4856.91N/AN/A150722,2122,903
2025-01-15$182.46$165.0034.2%9.8%22.7%29.6%34.3%3.5%-1.4%686.2K-17.9M-26.7K0.6862.60N/AN/A44302,1872,924
2025-01-16$183.55$165.0033.4%9.6%22.7%27.3%32.8%3.8%-1.4%722.7K-19.2M-25.9K0.1268.23N/AN/A4962,2092,924
2025-01-17$185.68$165.0033.0%9.5%22.6%26.3%32.9%3.4%-1.4%750.8K-21.4M-23.2K0.1064.68N/AN/A296312,2322,922
2025-01-21$185.52$175.0033.2%9.5%19.4%26.8%34.3%4.2%-3.6%172.0K-5.6M-26.5K1.4566.66N/AN/A3145678842
2025-01-22$182.91$175.0033.3%9.5%19.6%27.2%34.9%4.2%-3.1%152.8K-5.0M-27.5K1.5665.06N/AN/A914699873
2025-01-23$184.89$175.0034.1%9.8%19.7%29.4%34.8%3.6%-3.6%166.1K-5.5M-27.7K4.3367.17N/AN/A626710881
2025-01-24$182.26$175.0035.1%10.1%20.7%32.3%33.5%4.5%-3.5%132.4K-4.6M-29.4K7.2568.29N/AN/A858714905
2025-01-27$185.68$175.0036.8%10.6%21.0%37.4%37.2%6.3%-5.2%132.5K-5.1M-28.2K0.2070.21N/AN/A204715960
2025-01-28$187.83$175.0037.0%10.6%21.2%38.0%0.0%4.3%-4.4%151.4K-5.7M-27.2K0.1874.94N/AN/A112723960
2025-01-29$187.82$175.0038.0%10.9%20.3%40.6%39.6%5.4%-5.1%160.4K-5.9M-26.6K3.3571.06N/AN/A1757734962
2025-01-30$190.26$180.0039.5%11.3%19.3%44.9%39.1%12.4%-6.7%124.9K-6.4M-28.6K1.7678.90N/AN/A761347431,068
2025-01-31$187.97$185.0039.2%11.2%20.3%44.1%40.1%5.1%-6.2%158.8K-6.0M-28.5K0.4270.89N/AN/A26118051,043