AN Options History — November 2025

In November 2025, AN traded between $190.72 and $216.07. ATM implied volatility averaged 33.3%, placing in the 18.1% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 4.1% (HV 20d: 29.3%). Max pain ranged from $200.00 to $210.00. Net GEX was positive for 5 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 2.21.

Notable Days

  • 2025-11-20: Highest Volume — 562 contracts
  • 2025-11-12: Largest IV drop — 12.4% change
  • 2025-11-06: Highest IV Rank — 24.1%
  • 2025-11-04: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$199.27$190.72$216.07$197.99$211.28
Max Pain$201.58$200.00$210.00$210.00$200.00
ATM IV33.3%30.5%36.9%36.0%31.1%
Expected Move9.4%8.7%10.4%10.3%8.9%
HV 20d29.3%24.8%30.9%30.2%27.7%
HV 60d25.0%23.2%26.7%26.2%25.9%
IV Rank18.1%13.3%24.1%22.7%14.5%
IV Percentile63.7%48.4%79.8%76.2%52.8%
Term Structure-0.6%-3.3%1.5%-2.9%0.3%
VWIV32.7%19.3%36.7%36.7%19.3%
Skew 25d4.5%2.4%10.8%5.5%3.7%
Skew 10d8.9%2.7%19.8%4.8%19.4%
Call IV 25d31.3%28.7%35.3%35.3%30.3%
Put IV 25d35.7%31.9%40.8%40.8%34.0%
Bid-Ask Spread %82.8175.2192.1284.9092.12
Gamma HHI0.180.130.280.160.27
Net GEX-328.6K-606.0K179.7K-458.5K179.7K
Net DEX4.7M-8.3M10.6M7.8M-6.3M
Net VEX-66.3K-74.3K-60.0K-67.6K-72.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.210.0710.000.610.44
Total Volume114.526135622913
Total OI3,629.7373,4174,2233,4173,690

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$197.99$210.0036.0%10.3%30.2%22.7%36.7%5.5%-2.9%-458.5K7.8M-67.6K0.6184.90N/AN/A18111,5071,910
2025-11-04$194.99$210.0036.3%10.4%30.3%23.1%36.0%3.3%-3.3%-489.6K8.8M-65.2K2.7578.13N/AN/A8221,5111,915
2025-11-05$194.42$210.0035.0%10.0%30.2%21.0%36.0%2.8%-1.4%-497.1K8.5M-64.6K4.5383.10N/AN/A15681,5131,933
2025-11-06$190.72$200.0036.9%9.9%30.3%24.1%34.7%3.7%0.5%-536.8K10.3M-64.6K6.2276.47N/AN/A231431,5191,979
2025-11-07$193.06$200.0034.6%9.3%30.6%20.2%33.1%3.2%1.5%-574.1K10.0M-65.6K1.8875.21N/AN/A17321,5182,014
2025-11-10$193.81$200.0034.4%9.1%30.5%19.8%31.1%3.5%0.2%-595.9K9.9M-64.6K6.4279.63N/AN/A362311,5182,043
2025-11-11$192.20$200.0035.5%9.2%28.8%21.7%32.6%4.3%1.3%-606.0K10.6M-63.4K10.0081.94N/AN/A5501,5242,018
2025-11-12$194.41$200.0031.1%8.9%29.4%14.3%32.2%4.9%1.4%-550.1K9.4M-65.3K0.4380.64N/AN/A2191,5592,042
2025-11-13$196.55$200.0032.3%9.3%29.8%16.4%30.6%4.2%-0.9%-497.9K8.5M-64.0K0.4282.96N/AN/A36151,6032,046
2025-11-14$195.74$200.0030.5%8.7%29.7%13.3%31.7%2.4%1.3%-487.4K8.4M-63.3K0.2181.53N/AN/A3371,6332,039
2025-11-17$193.38$200.0030.9%8.9%29.3%14.1%31.7%4.3%0.5%-510.4K9.5M-60.0K0.3882.50N/AN/A53201,6462,041
2025-11-18$196.76$200.0034.4%9.9%30.1%19.9%33.8%4.1%-0.5%-419.9K7.0M-65.3K0.7978.95N/AN/A63501,6722,021
2025-11-19$199.27$200.0034.7%10.0%30.7%20.4%35.2%5.5%-1.5%-420.6K5.8M-61.0K1.1481.84N/AN/A37421,6852,043
2025-11-20$197.63$200.0034.5%9.9%28.9%20.2%34.7%5.5%-2.7%-398.4K5.9M-61.0K0.0781.79N/AN/A525371,6832,035
2025-11-21$207.00$200.0031.6%9.0%30.9%15.1%36.5%10.8%-1.8%127.5K-4.4M-74.3K3.7288.11N/AN/A652422,1932,030
2025-11-24$209.22$200.0032.1%9.2%24.8%16.0%33.0%4.0%-1.9%153.0K-4.9M-71.3K1.2390.93N/AN/A69851,7591,788
2025-11-25$216.07$200.0030.7%8.8%26.3%13.7%30.9%5.1%-0.2%175.9K-8.3M-71.8K0.4786.39N/AN/A36171,7901,864
2025-11-26$211.72$200.0030.8%8.8%27.6%13.9%31.7%3.9%-0.6%163.5K-6.4M-73.8K0.2286.20N/AN/A1841,8101,871
2025-11-28$211.28$200.0031.1%8.9%27.7%14.5%19.3%3.7%0.3%179.7K-6.3M-72.2K0.4492.12N/AN/A941,8171,873