AN Options History — July 2025

In July 2025, AN traded between $192.05 and $215.73. ATM implied volatility averaged 31.7%, placing in the 15.4% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded above realized volatility by 4.2% (HV 20d: 27.5%). Max pain ranged from $180.00 to $220.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 1.57.

Notable Days

  • 2025-07-24: Highest Volume — 740 contracts
  • 2025-07-25: Largest IV drop — 31.8% change
  • 2025-07-24: Highest IV Rank — 26.2%
  • 2025-07-24: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$204.22$192.05$215.73$203.55$192.37
Max Pain$206.36$180.00$220.00$180.00$200.00
ATM IV31.7%25.0%38.1%25.9%28.1%
Expected Move9.3%7.2%10.9%7.4%8.0%
HV 20d27.5%20.8%34.2%20.8%28.7%
HV 60d27.8%24.7%38.1%37.4%26.5%
IV Rank15.4%4.1%26.2%5.7%9.3%
IV Percentile40.6%1.2%78.2%4.0%19.8%
Term Structure-2.7%-8.4%9.3%6.0%-0.1%
VWIV33.2%20.8%39.6%27.3%32.0%
Skew 25d4.5%1.0%13.5%1.2%3.0%
Skew 10d9.5%-5.8%20.9%15.2%9.9%
Call IV 25d30.3%13.7%38.7%25.3%27.3%
Put IV 25d34.8%26.5%42.5%26.5%30.4%
Bid-Ask Spread %68.7053.5094.6989.6670.33
Gamma HHI0.220.130.290.200.13
Net GEX320.2K-129.3K707.7K433.0K57.8K
Net DEX-11.3M-19.8M-716.4K-14.6M-716.4K
Net VEX-50.2K-64.6K-44.4K-45.3K-64.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.570.044.931.754.93
Total Volume195.6361474044267
Total OI2,619.1822,0163,4002,3923,400

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$203.55$180.0025.9%7.4%20.8%5.7%27.3%1.2%6.0%433.0K-14.6M-45.3K1.7589.66N/AN/A16281,419973
2025-07-02$211.70$180.0025.0%7.2%23.6%4.1%20.8%13.5%9.3%501.7K-18.5M-44.4K0.7594.69N/AN/A71531,426985
2025-07-03$212.11$220.0026.0%9.4%23.3%5.9%33.5%4.3%-2.9%446.5K-18.3M-46.1K0.5668.85N/AN/A951,4381,038
2025-07-07$211.31$220.0027.8%9.7%23.6%8.9%34.9%4.1%-4.0%450.0K-17.7M-45.5K0.3259.06N/AN/A75241,4441,043
2025-07-08$210.66$220.0027.4%9.7%23.8%8.2%33.9%4.8%-3.3%442.5K-17.8M-44.9K3.0469.18N/AN/A24731,4651,062
2025-07-09$212.09$210.0033.4%9.6%23.7%18.2%34.5%4.5%-3.6%439.1K-18.4M-44.9K3.5084.17N/AN/A12421,4791,106
2025-07-10$215.73$210.0032.2%9.2%23.6%16.3%33.6%2.9%-3.6%407.1K-19.8M-46.0K1.7968.92N/AN/A48861,4911,151
2025-07-11$212.94$210.0034.1%9.8%24.5%19.4%33.9%4.0%-4.5%406.1K-18.0M-46.9K2.3971.90N/AN/A33791,5011,195
2025-07-14$214.16$210.0035.4%10.1%23.5%21.5%36.5%5.9%-5.0%407.7K-18.6M-49.8K1.5156.62N/AN/A881331,5191,252
2025-07-15$205.49$210.0034.8%10.0%27.6%20.6%35.6%4.9%-4.4%256.0K-13.4M-50.1K1.3753.50N/AN/A831141,5221,277
2025-07-16$204.59$210.0036.5%10.5%26.9%23.4%36.3%1.0%-4.9%246.7K-12.7M-51.8K1.2762.59N/AN/A11141,5751,307
2025-07-17$197.45$210.0036.2%10.4%29.7%22.9%35.0%9.9%-5.0%163.9K-8.5M-49.7K0.8062.98N/AN/A87701,5741,312
2025-07-18$196.08$210.0035.7%10.2%29.5%22.0%38.7%5.7%-5.2%-129.3K-8.7M-49.9K2.1360.06N/AN/A31661,6141,316
2025-07-21$199.11$210.0035.8%10.3%29.4%22.2%35.9%5.0%-5.4%194.6K-4.7M-50.3K0.8959.70N/AN/A74661,127889
2025-07-22$202.47$210.0037.5%10.7%29.6%25.1%37.2%5.1%-6.6%271.9K-6.4M-51.3K0.0464.42N/AN/A4721,182871
2025-07-23$205.45$210.0037.6%10.8%29.8%25.3%39.6%4.0%-8.4%322.5K-7.9M-52.9K0.4668.70N/AN/A65301,210872
2025-07-24$200.53$210.0038.1%10.9%31.0%26.2%38.9%3.8%-5.8%278.4K-6.0M-51.2K0.3970.66N/AN/A5342061,241908
2025-07-25$203.28$200.0026.0%7.5%31.4%5.8%25.5%2.3%0.2%707.7K-9.4M-56.8K0.3768.86N/AN/A4111531,7001,056
2025-07-28$195.94$200.0027.7%7.9%34.0%8.7%27.1%3.5%-1.1%342.0K-4.2M-50.1K1.2672.21N/AN/A1431801,5721,093
2025-07-29$193.88$200.0027.0%7.7%34.2%7.6%27.9%2.5%0.4%231.7K-2.5M-54.9K1.4466.41N/AN/A1712471,6431,256
2025-07-30$192.05$200.0028.9%8.3%32.6%10.6%31.4%2.7%-0.7%166.3K-1.3M-57.3K3.5067.91N/AN/A742591,7571,361
2025-07-31$192.37$200.0028.1%8.0%28.7%9.3%32.0%3.0%-0.1%57.8K-716.4K-64.6K4.9370.33N/AN/A452221,8091,591