AN Options History — February 2025

In February 2025, AN traded between $181.11 and $194.06. ATM implied volatility averaged 32.5%, placing in the 24.7% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 11.8% (HV 20d: 20.7%). Max pain ranged from $180.00 to $190.00. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 1.42.

Notable Days

  • 2025-02-10: Highest Volume — 974 contracts
  • 2025-02-11: Largest IV drop — 51.5% change
  • 2025-02-10: Highest IV Rank — 73.3%
  • 2025-02-03: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$188.62$181.11$194.06$186.53$181.18
Max Pain$186.58$180.00$190.00$180.00$185.00
ATM IV32.5%23.9%49.3%42.8%29.8%
Expected Move8.8%7.2%12.3%12.3%8.5%
HV 20d20.7%18.4%23.6%19.8%21.4%
HV 60d21.7%20.6%24.7%24.2%20.7%
IV Rank24.7%0.0%73.3%54.6%17.1%
IV Percentile39.6%0.0%99.6%93.7%30.2%
Term Structure-1.0%-8.2%3.3%-8.2%-0.5%
VWIV31.1%25.7%42.6%42.6%29.2%
Skew 25d4.2%2.6%6.2%6.2%4.0%
Skew 10d8.5%3.5%20.4%20.4%8.7%
Call IV 25d28.6%23.8%39.7%39.7%27.5%
Put IV 25d32.8%27.0%45.9%45.9%31.6%
Bid-Ask Spread %70.6363.6576.2871.4371.97
Gamma HHI0.160.110.420.130.14
Net GEX54.1K-611.6K304.0K137.2K-53.3K
Net DEX-5.4M-9.2M3.4M-5.5M-1.6M
Net VEX-31.0K-34.4K-28.8K-29.9K-33.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.420.066.331.070.42
Total Volume196.263179743154
Total OI2,564.5261,8763,3331,8762,209

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$186.53$180.0042.8%12.3%19.8%54.6%42.6%6.2%-8.2%137.2K-5.5M-29.9K1.0771.43N/AN/A15168241,052
2025-02-04$191.43$180.0041.7%12.0%21.1%51.5%41.6%5.4%-7.0%172.2K-7.0M-29.7K0.7876.28N/AN/A87688301,063
2025-02-05$194.06$185.0041.7%12.0%20.6%51.5%41.8%4.7%-8.0%233.9K-8.8M-28.8K0.1373.40N/AN/A6799211,109
2025-02-06$193.35$190.0042.0%9.7%20.7%52.3%33.8%5.6%-1.6%247.5K-8.5M-30.5K0.7665.59N/AN/A79609571,113
2025-02-07$191.38$190.0044.1%9.7%21.5%58.2%34.5%4.3%-1.9%213.2K-7.4M-32.2K2.8265.36N/AN/A17489411,144
2025-02-10$191.62$190.0049.3%10.1%20.8%73.3%34.3%5.1%-3.0%191.8K-7.4M-30.2K2.5563.65N/AN/A2747009421,173
2025-02-11$193.83$190.0023.9%7.2%20.0%0.0%27.6%3.3%2.7%304.0K-9.2M-30.8K2.2266.39N/AN/A2184851,4131,821
2025-02-12$191.91$190.0027.1%7.8%20.0%9.1%26.5%3.4%0.8%114.1K-7.1M-33.1K1.1568.83N/AN/A1311511,3751,836
2025-02-13$192.81$190.0025.6%7.3%18.6%5.0%25.7%3.3%1.2%186.9K-8.1M-32.3K0.6371.32N/AN/A70441,3831,839
2025-02-14$192.20$190.0025.8%7.4%18.7%5.4%30.0%2.6%3.3%116.2K-7.1M-31.3K6.3372.56N/AN/A271711,3661,849
2025-02-18$193.25$190.0025.5%7.3%18.4%4.8%26.6%3.5%0.9%174.0K-8.1M-29.3K0.2673.63N/AN/A109281,3601,955
2025-02-19$190.56$190.0026.0%7.5%19.3%6.1%26.8%3.6%1.0%-5.8K-5.7M-29.1K0.9271.57N/AN/A36331,3731,960
2025-02-20$188.62$190.0025.7%7.4%18.9%5.3%26.3%3.6%1.1%-227.0K-4.1M-29.5K1.4172.19N/AN/A22311,3761,948
2025-02-21$181.22$190.0029.2%8.4%23.6%15.4%29.7%5.0%-0.7%-611.6K3.4M-29.5K1.6974.77N/AN/A1091841,3801,946
2025-02-24$182.13$180.0029.4%8.4%23.2%16.0%27.3%4.7%0.0%-93.4K-2.0M-30.2K0.1866.03N/AN/A65127481,188
2025-02-25$183.34$180.0029.1%8.4%22.3%15.2%27.6%4.0%-0.4%-37.0K-2.6M-31.9K0.1667.92N/AN/A134217981,199
2025-02-26$183.21$180.0028.2%8.1%21.8%12.6%28.6%4.3%0.3%22.8K-3.0M-32.6K3.4274.37N/AN/A311069171,209
2025-02-27$181.11$185.0029.5%8.5%22.1%16.4%29.6%3.6%1.7%-57.2K-1.7M-34.4K0.0674.80N/AN/A1619401,269
2025-02-28$181.18$185.0029.8%8.5%21.4%17.1%29.2%4.0%-0.5%-53.3K-1.6M-33.3K0.4271.97N/AN/A38169401,269