AN Options History — April 2025

In April 2025, AN traded between $154.09 and $174.42. ATM implied volatility averaged 49.3%, placing in the 48.9% IV rank vs the trailing year. The 30-day expected move averaged 13.5%. IV traded below realized volatility by 8.6% (HV 20d: 57.9%). Max pain ranged from $165.00 to $170.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 1.34.

Notable Days

  • 2025-04-24: Highest Volume — 591 contracts
  • 2025-04-09: Largest IV drop — 36.3% change
  • 2025-04-04: Highest IV Rank — 100.0%
  • 2025-04-08: Largest Expected Move — 18.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$166.36$154.09$174.42$163.69$173.24
Max Pain$166.19$165.00$170.00$170.00$170.00
ATM IV49.3%35.6%82.2%38.8%36.8%
Expected Move13.5%10.2%18.2%11.2%10.6%
HV 20d57.9%41.7%65.3%41.7%60.8%
HV 60d39.9%30.3%44.3%30.3%44.2%
IV Rank48.9%20.1%100.0%43.1%22.2%
IV Percentile89.7%63.1%100.0%80.6%66.7%
Term Structure-6.8%-13.6%0.1%0.1%-3.1%
VWIV46.5%34.2%60.5%38.5%37.3%
Skew 25d9.3%4.9%13.5%6.5%6.5%
Skew 10d18.8%-8.9%41.7%-8.9%10.2%
Call IV 25d42.1%32.2%54.8%36.0%33.9%
Put IV 25d51.4%38.1%67.5%42.5%40.5%
Bid-Ask Spread %57.0538.5575.3246.3360.65
Gamma HHI0.120.080.330.130.12
Net GEX168.3K-327.4K609.0K42.1K565.7K
Net DEX-3.8M-9.4M2.0M-806.4K-8.3M
Net VEX-61.8K-72.1K-43.8K-43.8K-69.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.340.018.320.250.68
Total Volume231.571325916032
Total OI3,400.7622,5574,2062,9153,645

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$163.69$170.0038.8%11.2%41.7%43.1%38.5%6.5%0.1%42.1K-806.4K-43.8K0.2546.33N/AN/A48121,5911,324
2025-04-02$167.67$165.0037.5%11.0%42.7%39.4%38.1%6.6%-4.7%92.3K-3.1M-45.2K0.0240.58N/AN/A14031,5961,330
2025-04-03$159.88$165.0050.9%13.2%45.7%78.0%45.2%6.9%-7.7%-25.1K787.4K-45.5K0.5738.55N/AN/A2411371,6561,331
2025-04-04$160.96$165.0060.6%14.4%45.9%100.0%50.0%11.2%-6.4%34.5K102.7K-53.9K1.0275.32N/AN/A2382421,8211,428
2025-04-07$157.16$165.0077.1%18.0%44.6%100.0%59.0%10.9%-11.9%14.9K1.3M-60.7K0.6246.49N/AN/A140872,0121,543
2025-04-08$154.09$165.0082.2%18.2%44.9%100.0%60.5%13.5%-13.6%6.4K2.0M-59.0K0.8443.20N/AN/A31262,0471,542
2025-04-09$174.42$165.0052.4%15.0%63.8%48.9%53.1%12.6%-11.3%286.8K-9.4M-67.2K0.8359.50N/AN/A118982,0701,542
2025-04-10$164.83$165.0059.6%17.1%64.4%61.1%58.8%13.3%-11.6%117.8K-3.7M-66.7K8.3256.22N/AN/A252082,1071,591
2025-04-11$167.13$165.0053.5%15.3%64.3%50.7%55.7%12.2%-7.8%162.8K-4.5M-72.1K6.1848.01N/AN/A281732,1221,775
2025-04-14$167.07$165.0047.4%13.6%63.4%40.3%43.8%10.3%-6.3%60.0K-3.1M-65.1K1.0463.20N/AN/A80832,1261,898
2025-04-15$164.23$165.0047.5%13.6%63.6%40.4%45.8%11.3%-7.4%-39.4K-1.7M-62.8K0.2657.57N/AN/A124322,1571,880
2025-04-16$160.59$165.0047.7%13.7%63.5%40.8%48.0%10.0%-5.0%-110.8K315.5K-62.3K0.4862.57N/AN/A118572,2411,849
2025-04-17$166.36$165.0047.3%13.6%64.9%40.2%48.1%8.8%-8.2%-327.4K-5.6M-64.4K1.7764.46N/AN/A35622,3251,881
2025-04-21$162.74$165.0048.9%14.0%65.3%43.0%50.2%9.3%-7.6%231.9K-2.7M-60.8K0.8561.49N/AN/A47401,632925
2025-04-22$169.47$165.0046.3%13.3%64.6%38.5%44.8%9.5%-3.6%321.5K-6.2M-65.4K0.0161.67N/AN/A34231,663954
2025-04-23$168.72$165.0045.5%13.1%64.4%37.1%45.9%8.3%-8.0%393.2K-6.7M-65.1K0.3455.37N/AN/A234791,832955
2025-04-24$173.12$165.0044.8%12.8%63.6%35.8%45.9%8.5%-8.3%338.3K-7.1M-65.8K1.7654.87N/AN/A2143771,7231,007
2025-04-25$173.44$170.0037.2%10.7%61.7%22.8%34.2%4.9%-2.8%311.6K-6.2M-65.8K0.4569.09N/AN/A3891761,8651,334
2025-04-28$170.88$170.0037.6%10.8%60.8%23.5%37.7%6.8%-4.4%449.4K-6.3M-67.5K0.6764.88N/AN/A131882,0861,421
2025-04-29$173.90$170.0035.6%10.2%60.8%20.1%36.8%6.8%-3.3%609.0K-9.2M-69.5K1.1268.10N/AN/A59662,1811,408
2025-04-30$173.24$170.0036.8%10.6%60.8%22.2%37.3%6.5%-3.1%565.7K-8.3M-69.7K0.6860.65N/AN/A19132,2031,442