AN Options History — August 2025

In August 2025, AN traded between $188.87 and $222.22. ATM implied volatility averaged 27.5%, placing in the 8.4% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded below realized volatility by 1.5% (HV 20d: 29.0%). Max pain ranged from $195.00 to $200.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 2.00.

Notable Days

  • 2025-08-22: Highest Volume — 659 contracts
  • 2025-08-11: Largest IV spike — 16.4% change
  • 2025-08-11: Highest IV Rank — 16.7%
  • 2025-08-01: Largest Expected Move — 9.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$207.02$188.87$222.22$190.68$218.88
Max Pain$199.52$195.00$200.00$200.00$200.00
ATM IV27.5%25.1%32.5%31.4%25.7%
Expected Move7.7%7.2%9.0%9.0%7.4%
HV 20d29.0%25.3%31.9%28.6%26.0%
HV 60d26.6%25.2%27.5%26.6%27.3%
IV Rank8.4%4.3%16.7%14.9%5.4%
IV Percentile16.9%1.6%51.2%42.5%4.8%
Term Structure0.2%-2.0%2.1%-2.0%1.0%
VWIV27.3%25.1%30.3%30.3%26.1%
Skew 25d3.3%1.8%6.9%3.8%2.6%
Skew 10d8.8%2.6%20.4%8.2%5.7%
Call IV 25d25.4%21.2%29.8%29.8%25.0%
Put IV 25d28.8%27.3%33.7%33.7%27.6%
Bid-Ask Spread %76.4864.7885.1073.9682.34
Gamma HHI0.200.140.290.150.20
Net GEX469.0K-252.1K1.2M-149.3K544.8K
Net DEX-9.5M-19.4M1.9M1.0M-13.7M
Net VEX-62.1K-71.3K-55.5K-66.2K-71.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.000.0016.880.360.59
Total Volume170.09596594543
Total OI3,388.9052,6553,8183,6223,515

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$190.68$200.0031.4%9.0%28.6%14.9%30.3%3.8%-2.0%-149.3K1.0M-66.2K0.3673.96N/AN/A33121,8181,804
2025-08-04$188.87$200.0031.1%8.0%28.6%14.3%27.5%3.1%0.7%-252.1K1.9M-62.6K0.5764.78N/AN/A40231,8251,805
2025-08-05$194.65$195.0028.5%8.0%31.3%10.0%27.6%3.0%1.4%81.3K-2.7M-63.9K2.9670.06N/AN/A1193521,8351,761
2025-08-06$195.93$195.0028.6%8.0%31.3%10.2%26.7%3.3%0.8%419.5K-4.9M-62.1K1.8068.72N/AN/A10181,9321,530
2025-08-07$194.71$200.0029.1%8.3%30.3%11.0%28.2%4.1%-0.9%336.7K-3.7M-61.0K2.1271.82N/AN/A17361,9311,537
2025-08-08$195.81$200.0027.9%7.8%30.4%9.0%27.4%3.0%0.8%425.5K-4.7M-57.4K1.2170.18N/AN/A14171,9331,517
2025-08-11$198.74$200.0032.5%7.9%31.0%16.7%27.3%6.7%-1.6%593.6K-6.6M-55.5K0.1576.79N/AN/A225331,9431,539
2025-08-12$204.30$200.0029.9%7.5%29.5%12.4%26.5%2.3%0.2%1.0M-13.2M-57.1K3.8373.42N/AN/A361382,0111,545
2025-08-13$211.51$200.0026.2%7.5%31.9%6.2%25.8%2.5%-0.6%1.0M-19.4M-55.9K0.2179.77N/AN/A426902,0071,651
2025-08-14$208.19$200.0025.8%7.4%29.6%5.5%26.8%2.6%2.1%1.2M-16.1M-58.4K1.2378.30N/AN/A31382,0171,728
2025-08-15$205.76$200.0025.1%7.2%29.8%4.3%27.2%2.4%0.7%382.1K-12.9M-58.8K2.8881.12N/AN/A16462,0211,797
2025-08-18$207.06$200.0025.4%7.3%29.5%4.9%28.3%3.7%1.2%363.7K-8.1M-59.2K0.8572.35N/AN/A53451,2851,370
2025-08-19$210.56$200.0026.0%7.5%29.5%5.8%27.1%2.7%1.2%442.4K-10.0M-59.8K0.0075.44N/AN/A901,3331,411
2025-08-20$209.19$200.0026.6%7.6%29.2%6.8%27.5%3.4%0.8%404.5K-9.0M-59.5K0.5977.20N/AN/A1851101,3351,411
2025-08-21$209.63$200.0027.5%7.9%27.7%8.4%28.1%3.8%0.4%414.9K-10.0M-61.9K16.8878.27N/AN/A244051,5091,497
2025-08-22$218.24$200.0025.6%7.3%30.6%5.2%25.7%3.1%-0.0%258.7K-9.0M-71.3K2.0182.11N/AN/A2194401,5181,902
2025-08-25$218.93$200.0026.2%7.5%26.6%6.1%28.7%2.7%-0.7%544.2K-13.6M-64.8K2.4579.62N/AN/A11271,6661,664
2025-08-26$221.36$200.0026.4%7.6%26.0%6.5%26.5%2.7%0.0%557.8K-14.6M-64.4K0.1880.30N/AN/A122221,6681,667
2025-08-27$222.12$200.0026.3%7.5%25.3%6.4%25.1%6.9%-1.0%608.6K-15.6M-67.9K0.3285.10N/AN/A1961,7771,684
2025-08-28$222.22$200.0025.7%7.4%25.4%5.4%28.4%1.8%-0.1%599.9K-15.5M-65.7K0.7284.45N/AN/A36261,7791,689
2025-08-29$218.88$200.0025.7%7.4%26.0%5.4%26.1%2.6%1.0%544.8K-13.7M-71.0K0.5982.34N/AN/A27161,8031,712