AA Options History — August 2007

In August 2007, AA traded between $76.70 and $91.19. ATM implied volatility averaged 45.2%, placing in the 58.2% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded below realized volatility by 1.8% (HV 20d: 46.9%). Max pain ranged from $84.11 to $96.12. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 0.49.

Notable Days

  • 2007-08-01: Highest Volume — 52,982 contracts
  • 2007-08-16: Largest IV spike — 45.2% change
  • 2007-08-01: Highest IV Rank — 100.0%
  • 2007-08-16: Largest Expected Move — 19.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$85.65$76.70$91.19$91.19$87.78
Max Pain$88.55$84.11$96.12$96.12$84.11
ATM IV45.2%36.5%68.2%59.3%36.5%
Expected Move13.3%10.5%19.6%17.0%10.5%
HV 20d46.9%38.6%52.9%47.7%47.9%
HV 60d38.7%34.7%42.5%35.1%42.2%
IV Rank58.2%34.0%100.0%100.0%34.0%
IV Percentile80.5%58.7%100.0%100.0%58.7%
Term Structure2.2%-8.7%5.2%2.0%3.9%
VWIV47.7%37.4%69.2%62.4%37.4%
Skew 25d-2.1%-6.3%0.2%-6.3%-2.0%
Skew 10d-5.3%-30.5%2.2%-5.1%-5.9%
Call IV 25d48.8%39.4%68.7%62.9%39.4%
Put IV 25d46.7%35.8%67.9%56.6%37.3%
Bid-Ask Spread %15.599.1420.5317.5413.36
Gamma HHI0.140.120.150.140.14
Net GEX16.6M7.4M27.6M23.0M21.6M
Net DEX-300.5M-742.8M326.8M-653.8M-544.3M
Net VEX-7.8M-9.1M-7.0M-9.1M-7.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.490.130.900.280.32
Total Volume22,390.1744,28452,98252,9826,552
Total OI612,390.261529,188725,540614,434537,275

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-08-01$91.19$96.1259.3%17.0%47.7%100.0%62.4%-6.3%2.0%23.0M-653.8M-9.1M0.2817.54N/AN/A41,23311,749426,669187,765
2007-08-02$91.03$96.1252.3%15.0%47.7%82.1%54.4%-3.3%3.2%22.2M-591.2M-8.8M0.5617.16N/AN/A12,2606,826435,830190,062
2007-08-03$86.94$96.1250.6%14.5%49.7%77.8%54.9%-5.8%0.4%16.0M-285.8M-8.2M0.8613.35N/AN/A6,5715,647443,774191,252
2007-08-06$85.72$96.1251.9%15.2%48.9%81.1%54.0%-0.8%0.3%10.4M-104.1M-7.8M0.2719.51N/AN/A20,6285,503446,131195,747
2007-08-07$87.97$96.1240.2%13.4%50.3%51.2%47.6%-3.6%1.1%13.0M-268.2M-7.9M0.4718.39N/AN/A33,09515,659455,608195,419
2007-08-08$89.13$90.1140.1%12.8%50.0%50.8%45.7%-1.2%1.7%17.7M-396.5M-8.2M0.3519.60N/AN/A17,7896,167470,159203,257
2007-08-09$85.16$90.1145.0%13.8%43.9%63.4%49.2%-4.1%3.8%10.4M-114.9M-7.8M0.4920.53N/AN/A9,0224,436464,918201,794
2007-08-10$83.36$90.1146.9%14.5%38.6%68.4%51.1%-1.7%0.6%7.4M-7.8M-7.6M0.2916.64N/AN/A25,7947,360469,509201,790
2007-08-13$85.40$90.1146.0%13.6%41.1%66.0%48.7%-1.9%2.3%10.5M-138.1M-7.8M0.6417.11N/AN/A17,11510,876484,040204,050
2007-08-14$83.77$90.1143.3%13.2%40.9%59.2%47.5%-3.6%2.7%7.9M-20.5M-7.7M0.2416.34N/AN/A21,4965,217492,541212,403
2007-08-15$80.98$90.1147.0%14.6%41.2%68.5%50.4%-0.8%-1.1%8.3M140.7M-7.4M0.4916.63N/AN/A13,3156,549499,856211,502
2007-08-16$76.70$90.1168.2%19.6%42.6%100.0%69.2%-0.9%-8.7%8.8M326.8M-7.0M0.5714.32N/AN/A28,15615,998502,899210,603
2007-08-17$80.00$84.1150.7%14.5%46.8%63.6%52.6%-1.3%1.7%13.4M194.2M-7.4M0.5415.93N/AN/A23,97013,007511,102214,438
2007-08-20$82.47$84.1149.0%14.0%49.3%59.9%50.1%-0.2%2.0%16.4M-285.3M-7.6M0.259.14N/AN/A21,7285,484366,287166,134
2007-08-21$83.14$84.1145.5%13.0%49.2%52.7%45.8%-1.3%2.2%17.7M-341.9M-7.5M0.7616.05N/AN/A8,7646,620363,278165,910
2007-08-22$87.04$84.1141.6%11.9%52.9%44.6%42.3%-0.0%5.0%21.4M-541.5M-7.9M0.6115.23N/AN/A9,9766,089360,341169,311
2007-08-23$85.96$84.1139.2%11.2%46.6%39.5%40.9%0.2%5.0%20.2M-464.3M-7.6M0.3112.54N/AN/A6,6392,057363,273169,302
2007-08-24$88.17$84.1136.8%10.5%47.4%34.6%39.9%-2.4%4.7%25.3M-670.1M-7.9M0.1312.63N/AN/A17,2432,200367,906168,794
2007-08-27$88.86$84.1136.6%10.5%46.7%34.1%37.5%-4.2%5.1%27.6M-742.8M-7.9M0.759.81N/AN/A10,4347,866372,577169,605
2007-08-28$84.97$84.1138.6%11.1%49.1%38.4%39.3%-1.7%4.4%19.0M-388.0M-7.4M0.6318.27N/AN/A5,5763,516367,991175,392
2007-08-29$87.45$84.1136.7%10.5%50.5%34.3%37.9%-0.1%5.2%22.1M-532.4M-7.6M0.5617.95N/AN/A2,7381,546364,418176,019
2007-08-30$86.87$84.1137.3%10.7%50.5%35.6%38.2%-0.7%3.4%20.7M-482.5M-7.4M0.9010.63N/AN/A2,3722,136361,573176,472
2007-08-31$87.78$84.1136.5%10.5%47.9%34.0%37.4%-2.0%3.9%21.6M-544.3M-7.3M0.3213.36N/AN/A4,9831,569361,067176,208