AN Options History — December 2025

In December 2025, AN traded between $203.41 and $220.66. ATM implied volatility averaged 27.7%, placing in the 8.7% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 0.1% (HV 20d: 27.6%). Max pain ranged from $200.00 to $200.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 2.39.

Notable Days

  • 2025-12-22: Highest Volume — 109 contracts
  • 2025-12-08: Largest IV spike — 16.2% change
  • 2025-12-08: Highest IV Rank — 16.9%
  • 2025-12-03: Largest Expected Move — 9.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$211.30$203.41$220.66$210.79$205.99
Max Pain$200.00$200.00$200.00$200.00$200.00
ATM IV27.7%25.1%32.6%31.2%25.1%
Expected Move7.8%7.2%9.0%8.9%7.2%
HV 20d27.6%24.7%32.3%27.1%25.5%
HV 60d27.1%25.8%28.1%25.9%27.6%
IV Rank8.7%4.4%16.9%14.5%4.4%
IV Percentile22.7%2.0%60.3%52.8%2.0%
Term Structure4.1%-0.9%7.9%-0.9%6.7%
VWIV28.6%23.5%37.3%31.7%23.5%
Skew 25d3.7%1.5%5.7%2.6%1.5%
Skew 10d9.4%2.4%16.8%16.8%11.7%
Call IV 25d26.2%23.8%31.0%31.0%25.1%
Put IV 25d30.0%26.6%34.1%33.6%26.6%
Bid-Ask Spread %89.2879.4195.8690.3395.86
Gamma HHI0.350.260.430.260.42
Net GEX251.5K-173.6K416.0K154.5K329.7K
Net DEX-5.7M-12.5M440.8K-6.1M-702.8K
Net VEX-59.6K-69.0K-50.6K-69.0K-50.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.390.037.380.137.00
Total Volume37.909410998
Total OI3,497.4552,6934,0033,6952,840

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$210.79$200.0031.2%8.9%27.1%14.5%31.7%2.6%-0.9%154.5K-6.1M-69.0K0.1390.33N/AN/A811,8191,876
2025-12-02$208.77$200.0031.0%8.9%26.9%14.2%30.4%3.9%-0.6%168.6K-5.0M-68.5K0.8890.66N/AN/A26231,8221,877
2025-12-03$213.39$200.0031.4%9.0%26.9%14.8%37.3%3.5%-0.7%238.9K-7.5M-68.5K4.5690.78N/AN/A9411,8331,900
2025-12-04$214.11$200.0030.1%8.3%26.7%12.7%27.6%3.5%2.8%277.0K-8.4M-67.6K1.4183.82N/AN/A17241,8401,921
2025-12-05$215.93$200.0028.1%7.8%25.2%9.3%0.0%3.5%2.8%313.8K-9.5M-65.1K2.6786.36N/AN/A381,8471,932
2025-12-08$216.44$200.0032.6%7.7%25.1%16.9%25.9%5.0%4.8%307.2K-9.6M-62.5K1.0094.32N/AN/A331,8501,938
2025-12-09$215.88$200.0030.7%8.0%25.3%13.8%33.4%4.5%3.6%300.0K-9.5M-62.8K1.5086.40N/AN/A461,8541,939
2025-12-10$220.51$200.0027.5%7.9%25.3%8.4%26.0%5.1%4.1%372.8K-12.5M-58.7K0.0988.44N/AN/A1111,8531,936
2025-12-11$220.66$200.0026.5%7.6%25.4%6.6%28.5%3.0%4.1%416.0K-12.5M-57.7K5.1087.44N/AN/A10511,8581,936
2025-12-12$210.56$200.0028.1%8.0%31.5%9.3%30.8%3.3%3.3%177.7K-5.3M-61.5K0.4486.07N/AN/A25111,8581,978
2025-12-15$207.68$200.0026.4%7.6%32.0%6.5%27.2%4.0%4.6%186.4K-4.4M-58.4K5.1087.72N/AN/A10511,8591,980
2025-12-16$207.81$200.0027.4%7.8%31.5%8.2%29.5%4.1%3.1%106.2K-3.5M-59.8K3.6279.41N/AN/A13471,8652,033
2025-12-17$205.29$200.0025.6%7.3%31.6%5.1%27.0%2.9%4.5%53.2K-2.2M-57.9K4.5886.98N/AN/A12551,8652,069
2025-12-18$203.41$200.0027.9%8.0%31.5%8.9%27.9%3.7%3.7%-173.6K440.8K-57.3K1.9086.99N/AN/A10191,8642,131
2025-12-19$208.14$200.0025.5%7.3%32.3%5.1%26.5%3.5%5.7%160.4K-4.3M-56.2K0.3189.89N/AN/A59181,8632,140
2025-12-22$210.68$200.0026.8%7.7%28.1%7.2%28.7%5.0%5.3%350.8K-4.7M-54.8K7.3889.32N/AN/A13961,2101,483
2025-12-23$209.51$200.0025.8%7.4%28.0%5.5%27.5%3.9%5.7%293.5K-3.5M-57.2K2.0090.69N/AN/A481,2241,573
2025-12-24$212.15$200.0025.1%7.2%25.8%4.4%30.0%3.4%6.4%331.8K-5.2M-56.0K0.0392.40N/AN/A3911,2281,578
2025-12-26$211.79$200.0026.1%7.5%24.7%6.0%27.3%5.7%6.2%357.2K-4.3M-54.8K1.0092.44N/AN/A221,2361,579
2025-12-29$209.56$200.0025.2%7.2%25.0%4.5%28.7%4.4%7.2%401.2K-3.7M-52.9K1.7194.54N/AN/A21361,2361,581
2025-12-30$209.49$200.0025.6%7.3%25.0%5.2%25.8%2.6%7.9%410.1K-3.4M-52.0K0.0993.35N/AN/A2321,2331,607
2025-12-31$205.99$200.0025.1%7.2%25.5%4.4%23.5%1.5%6.7%329.7K-702.8K-50.6K7.0095.86N/AN/A171,2311,609