AN Options History — March 2025

In March 2025, AN traded between $157.27 and $177.32. ATM implied volatility averaged 34.6%, placing in the 31.0% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded above realized volatility by 4.3% (HV 20d: 30.3%). Max pain ranged from $160.00 to $185.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 5.68.

Notable Days

  • 2025-03-10: Highest Volume — 948 contracts
  • 2025-03-10: Largest IV spike — 20.8% change
  • 2025-03-10: Highest IV Rank — 60.6%
  • 2025-03-10: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$167.42$157.27$177.32$175.39$161.89
Max Pain$173.16$160.00$185.00$185.00$170.00
ATM IV34.6%30.3%44.9%33.6%40.0%
Expected Move10.5%9.3%12.9%9.6%11.4%
HV 20d30.3%20.5%41.9%23.7%41.6%
HV 60d25.2%21.5%30.3%21.7%30.3%
IV Rank31.0%18.5%60.6%27.9%46.4%
IV Percentile59.1%32.5%98.4%57.1%84.9%
Term Structure0.3%-3.0%4.1%-2.3%0.6%
VWIV36.4%29.7%44.1%32.9%37.2%
Skew 25d5.1%4.2%5.9%5.3%5.7%
Skew 10d10.4%-5.4%19.6%7.8%11.9%
Call IV 25d31.2%27.5%36.3%30.8%36.3%
Put IV 25d36.3%31.7%42.1%36.1%42.1%
Bid-Ask Spread %59.7635.0984.0475.5340.70
Gamma HHI0.320.080.660.170.10
Net GEX-671.6K-3.0M233.4K-173.3K-106.6K
Net DEX3.9M-5.5M17.6M776.6K1.3M
Net VEX-32.5K-39.8K-24.7K-32.3K-37.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.680.0739.643.450.29
Total Volume308.3813594849437
Total OI2,739.3811,8093,7182,2202,616

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$175.39$185.0033.6%9.6%23.7%27.9%32.9%5.3%-2.3%-173.3K776.6K-32.3K3.4575.53N/AN/A11389461,274
2025-03-04$172.81$185.0033.9%9.7%24.0%28.8%35.3%5.3%-2.2%-230.0K2.0M-32.3K4.1270.93N/AN/A341409471,290
2025-03-05$173.74$185.0033.4%9.6%21.7%27.3%35.8%4.5%0.8%-270.6K1.9M-32.7K2.1074.14N/AN/A20429551,329
2025-03-06$172.45$185.0037.3%10.7%20.5%38.8%37.3%5.4%-1.3%-275.0K2.5M-32.7K1.1371.70N/AN/A24279611,342
2025-03-07$171.78$185.0037.2%10.7%20.5%38.3%34.3%5.0%-1.8%-306.4K3.1M-31.9K0.8278.90N/AN/A45379681,361
2025-03-10$165.19$180.0044.9%12.9%23.7%60.6%44.1%5.7%-2.1%-313.0K5.2M-30.4K11.1576.36N/AN/A788709871,359
2025-03-11$165.90$175.0037.1%12.3%23.8%38.2%43.2%5.2%-3.0%-1.0M10.2M-39.8K1.0676.06N/AN/A17181,0352,117
2025-03-12$165.63$175.0035.6%12.0%22.9%33.7%40.8%5.5%0.1%-1.1M10.0M-37.9K2.4284.04N/AN/A24581,0392,123
2025-03-13$157.27$175.0035.7%12.3%27.7%34.0%40.8%5.9%-2.5%-863.7K17.6M-31.8K1.5576.08N/AN/A2313571,0502,140
2025-03-14$159.69$170.0034.0%10.3%28.7%29.1%35.7%4.8%-0.5%-1.0M13.9M-35.3K1.1481.17N/AN/A1481691,2332,093
2025-03-17$164.91$160.0032.9%9.7%32.2%25.9%29.7%5.2%0.4%-1.6M9.4M-32.8K1.3943.97N/AN/A46641,1332,115
2025-03-18$163.45$160.0033.8%9.5%31.9%28.7%33.7%5.5%-0.6%-1.6M10.7M-31.5K0.0738.68N/AN/A314221,1502,101
2025-03-19$167.09$160.0031.8%9.3%33.5%22.9%31.6%5.2%0.8%-1.7M1.1M-32.0K36.3247.71N/AN/A196901,4512,109
2025-03-20$166.61$0.0031.8%9.8%33.5%22.9%0.0%4.5%2.8%-3.0M1.8M-29.1K39.6480.77N/AN/A114361,4662,252
2025-03-21$166.63$0.0031.5%10.0%31.1%21.9%35.9%4.6%3.3%-587.2K-2.8M-25.7K9.9043.34N/AN/A393861,4651,869
2025-03-24$174.92$160.0030.6%9.6%36.2%19.5%34.5%4.3%2.9%3.6K-2.9M-24.7K0.8638.16N/AN/A3322848041,005
2025-03-25$177.32$170.0030.3%9.7%36.5%18.5%31.6%4.2%4.1%233.4K-5.5M-32.5K0.1342.75N/AN/A209281,1131,167
2025-03-26$170.63$175.0031.9%9.9%38.8%23.2%34.6%4.6%2.5%59.2K-2.1M-33.5K0.4741.66N/AN/A149701,1121,182
2025-03-27$163.72$170.0032.6%10.2%41.0%25.2%38.8%5.4%2.8%-115.2K1.1M-31.1K0.2137.26N/AN/A346741,0911,199
2025-03-28$158.88$165.0037.3%11.0%41.9%38.8%40.6%5.6%1.1%-140.3K2.4M-36.4K0.9735.09N/AN/A67651,3341,244
2025-03-31$161.89$170.0040.0%11.4%41.6%46.4%37.2%5.7%0.6%-106.6K1.3M-37.1K0.2940.70N/AN/A340971,3461,270