NANR Options History — January 2025

In January 2025, NANR traded between $51.77 and $54.92. ATM implied volatility averaged 25.8%, placing in the 23.5% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 9.6% (HV 20d: 16.2%). Max pain ranged from $47.00 to $47.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2025-01-28: Highest Volume — 2 contracts
2025-01-15: Largest IV drop — 60.2% change
2025-01-14: Highest IV Rank — 85.7%
2025-01-03: Largest Expected Move — 7.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$53.55	$51.77	$54.92	$51.77	$53.35
Max Pain	$47.00	$47.00	$47.00	$47.00	$47.00
ATM IV	25.8%	18.6%	47.9%	24.7%	22.7%
Expected Move	6.0%	5.3%	7.6%	7.1%	6.5%
HV 20d	16.2%	9.4%	22.1%	22.1%	11.6%
HV 60d	17.2%	17.0%	17.5%	17.5%	17.5%
IV Rank	23.5%	3.4%	85.7%	20.5%	15.1%
IV Percentile	53.5%	6.0%	98.8%	69.0%	54.8%
Term Structure	-3.1%	-7.5%	-0.7%	-6.2%	-4.3%
Skew 25d	0.6%	-0.3%	2.5%	-0.0%	-0.1%
Skew 10d	4.3%	0.6%	7.3%	0.8%	0.6%
Call IV 25d	23.6%	19.5%	32.7%	31.5%	26.4%
Put IV 25d	24.2%	21.0%	32.7%	31.5%	26.3%
Bid-Ask Spread %	164.39	154.78	170.87	154.78	160.78
Gamma HHI	0.88	0.64	1.00	0.64	1.00
Net GEX	244	201	283	204	283
Net DEX	-8.0K	-9.1K	-6.6K	-6.7K	-7.7K
Net VEX	-21	-26	-17	-26	-21
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.15	0	2	0	1
Total OI	2.55	2	3	3	2

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Call OI	Put OI
2025-01-02	$51.77	$47.00	24.7%	7.1%	22.1%	20.5%	0.0%	-0.0%	-6.2%	204	-6.7K	-26	154.78	N/A	N/A	0	2	1
2025-01-03	$51.90	$47.00	26.5%	7.6%	21.5%	25.5%	0.0%	0.0%	-7.5%	213	-6.8K	-25	158.41	N/A	N/A	0	2	1
2025-01-06	$52.03	$0.00	28.1%	5.4%	21.6%	30.0%	0.0%	-0.3%	-1.4%	207	-6.6K	-26	168.24	N/A	N/A	0	2	1
2025-01-07	$52.24	$0.00	32.6%	5.5%	21.1%	42.7%	0.0%	-0.3%	-2.1%	201	-6.7K	-26	170.87	N/A	N/A	0	2	1
2025-01-08	$52.45	$0.00	31.1%	5.6%	20.7%	38.7%	0.0%	1.3%	-1.9%	237	-7.0K	-25	169.62	N/A	N/A	0	2	1
2025-01-10	$52.51	$0.00	32.9%	5.5%	20.7%	43.4%	0.0%	-0.1%	-0.7%	232	-7.3K	-24	167.72	N/A	N/A	0	2	1
2025-01-13	$53.20	$0.00	43.3%	5.7%	21.3%	72.6%	0.0%	1.0%	-2.1%	247	-7.6K	-24	167.09	N/A	N/A	0	2	1
2025-01-14	$53.59	$0.00	47.9%	5.6%	21.3%	85.7%	0.0%	1.6%	-2.4%	254	-8.2K	-21	167.31	N/A	N/A	0	2	1
2025-01-15	$54.50	$0.00	19.1%	5.5%	21.5%	4.8%	0.0%	2.1%	-1.1%	247	-8.6K	-19	164.41	N/A	N/A	0	2	1
2025-01-16	$54.45	$0.00	19.4%	5.6%	20.4%	5.6%	0.0%	1.1%	-2.2%	245	-8.5K	-21	166.29	N/A	N/A	0	2	1
2025-01-17	$54.88	$0.00	18.6%	5.3%	20.1%	3.4%	0.0%	2.5%	-1.8%	231	-9.1K	-17	162.63	N/A	N/A	0	2	1
2025-01-21	$54.92	$0.00	19.5%	5.6%	9.5%	6.1%	0.0%	0.3%	-2.4%	240	-8.7K	-19	163.27	N/A	N/A	0	2	0
2025-01-22	$54.56	$0.00	19.3%	5.5%	9.4%	5.4%	0.0%	0.0%	-3.1%	251	-8.6K	-19	162.44	N/A	N/A	0	2	0
2025-01-23	$54.51	$0.00	19.8%	5.7%	9.5%	6.9%	0.0%	0.7%	-2.9%	252	-8.9K	-18	164.45	N/A	N/A	0	2	0
2025-01-24	$54.34	$0.00	21.6%	6.2%	9.7%	11.9%	0.0%	-0.2%	-3.3%	254	-8.4K	-20	162.28	N/A	N/A	0	2	0
2025-01-27	$54.02	$0.00	21.3%	6.1%	10.3%	10.9%	0.0%	0.5%	-3.1%	265	-8.6K	-19	163.59	N/A	N/A	0	2	0
2025-01-28	$53.78	$0.00	22.2%	6.4%	10.6%	13.5%	0.0%	0.7%	-4.2%	271	-8.5K	-19	163.54	N/A	N/A	2	2	0
2025-01-29	$53.83	$0.00	22.7%	6.5%	10.2%	14.8%	0.0%	0.7%	-4.9%	272	-8.6K	-19	165.54	N/A	N/A	0	2	0
2025-01-30	$54.09	$0.00	22.2%	6.4%	10.1%	13.4%	0.0%	-0.2%	-4.2%	269	-8.3K	-20	164.64	N/A	N/A	0	2	0
2025-01-31	$53.35	$0.00	22.7%	6.5%	11.6%	15.1%	0.0%	-0.1%	-4.3%	283	-7.7K	-21	160.78	N/A	N/A	1	2	0