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Why are some general text symbol properties grayed out for labels?
The Angle and Vertical Alignment text symbol properties are not used by ArcMap's standard label placement engine and are inactive (grayed out). These options are only available when editing the properties of a graphic text element.
However, the Maplex Label Engine provides a set of label placement properties for advanced labeling. This includes rotating the labels at a specified angle and offsetting labels vertically from the labelled features.
To rotate labels by an angle taken from an attribute field, refer to the steps provided in the following document: Setting label rotation using a numeric field. Refer to Offsetting labels from polygon boundaries to offset labels from polygon features, and Offsetting line labels from a line to offset line labels from a line.
See the links in the Related Information section for more information on setting labels position, rotation, and orientation.