AA Options History — June 2009

In June 2009, AA traded between $23.62 and $29.36. ATM implied volatility averaged 64.7%, placing in the 20.9% IV rank vs the trailing year. The 30-day expected move averaged 18.9%. IV traded below realized volatility by 2.9% (HV 20d: 67.5%). Max pain ranged from $18.02 to $24.03. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.52.

Notable Days

  • 2009-06-04: Highest Volume — 49,750 contracts
  • 2009-06-25: Largest IV drop — 11.9% change
  • 2009-06-24: Highest IV Rank — 26.3%
  • 2009-06-24: Largest Expected Move — 20.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.84$23.62$29.36$23.62$24.82
Max Pain$21.35$18.02$24.03$21.63$24.03
ATM IV64.7%58.8%72.0%58.8%61.3%
Expected Move18.9%16.9%20.6%16.9%17.6%
HV 20d67.5%57.1%72.8%68.1%66.2%
HV 60d80.2%68.0%90.8%89.5%68.1%
IV Rank20.9%16.6%26.3%16.6%18.5%
IV Percentile35.6%27.4%44.0%30.2%28.2%
Term Structure-0.6%-4.4%7.1%5.9%-0.4%
VWIV66.9%60.3%71.9%60.3%61.6%
Skew 25d5.2%3.6%7.6%5.1%4.7%
Skew 10d12.5%5.1%18.9%7.9%14.4%
Call IV 25d65.2%59.1%71.2%59.1%60.2%
Put IV 25d70.4%64.2%75.4%64.2%64.9%
Bid-Ask Spread %3.332.444.203.033.39
Gamma HHI0.230.160.300.300.23
Net GEX4.9M3.8M6.3M3.8M4.4M
Net DEX-305.2M-499.0M-202.5M-209.4M-216.3M
Net VEX-1.5M-1.6M-1.3M-1.3M-1.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.171.460.200.77
Total Volume22,782.4098,34049,75025,77118,787
Total OI462,492.955413,834499,677413,834472,508

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-06-01$23.62$21.6358.8%16.9%68.1%16.6%60.3%5.1%5.9%3.8M-209.4M-1.3M0.203.03N/AN/A21,4004,371282,231131,603
2009-06-02$25.28$21.6359.5%17.1%68.2%17.2%62.0%6.8%5.3%4.3M-284.5M-1.4M0.254.01N/AN/A17,1474,312289,270133,375
2009-06-03$24.20$21.6362.0%17.8%69.6%19.0%62.8%4.2%6.3%4.2M-241.0M-1.4M0.622.76N/AN/A9,6755,965290,011133,699
2009-06-04$25.69$21.6361.2%17.5%71.7%18.4%63.0%4.5%7.1%4.6M-305.8M-1.4M0.292.62N/AN/A38,52711,223291,215135,223
2009-06-05$26.29$18.0259.9%19.4%67.8%17.4%68.5%5.9%-0.4%4.9M-340.7M-1.6M0.213.95N/AN/A34,1597,135309,659141,596
2009-06-08$25.88$18.0264.2%20.0%68.1%20.6%70.9%6.2%-2.7%5.0M-326.4M-1.6M0.173.97N/AN/A12,7252,127318,801144,368
2009-06-09$26.79$18.0260.8%19.2%66.6%18.1%68.2%6.1%-1.4%5.7M-372.6M-1.6M0.354.20N/AN/A14,2774,968322,472144,492
2009-06-10$27.61$21.6359.9%19.3%66.6%17.4%67.7%5.7%-2.3%5.7M-411.2M-1.6M0.283.50N/AN/A17,2634,850325,944146,602
2009-06-11$29.36$21.6365.8%18.9%57.1%21.8%68.3%5.3%-2.3%6.1M-499.0M-1.6M0.493.33N/AN/A28,74514,116328,194148,125
2009-06-12$28.81$21.6365.1%18.7%58.6%21.3%69.0%5.3%-1.3%6.3M-469.3M-1.6M0.413.24N/AN/A9,7624,051331,692154,557
2009-06-15$26.94$21.6370.0%20.1%65.1%24.8%70.5%4.6%-4.4%6.3M-376.6M-1.5M0.833.51N/AN/A8,6137,155332,815154,900
2009-06-16$26.19$21.6368.8%19.7%64.8%23.9%69.7%4.8%-3.4%6.0M-336.4M-1.5M0.403.92N/AN/A15,1056,091333,321155,129
2009-06-17$25.21$21.6371.3%20.4%66.6%25.8%71.9%4.3%-3.4%5.7M-284.0M-1.5M0.733.23N/AN/A11,7628,573337,159156,920
2009-06-18$25.90$21.6368.4%19.6%66.4%23.6%69.0%5.2%-2.4%6.1M-317.8M-1.5M0.253.51N/AN/A16,8694,243336,064158,509
2009-06-19$26.43$21.6365.2%18.7%64.0%21.3%66.3%7.6%-0.3%4.3M-341.6M-1.6M0.453.89N/AN/A17,0777,665340,679158,998
2009-06-22$24.08$21.6370.7%20.3%72.8%25.3%71.0%4.1%-3.7%3.8M-203.0M-1.4M0.712.44N/AN/A16,20311,427298,270133,277
2009-06-23$24.03$21.6370.5%20.2%71.3%25.2%71.0%3.6%-2.5%4.0M-202.5M-1.5M1.462.73N/AN/A12,51418,217306,081139,212
2009-06-24$24.53$21.6372.0%20.6%70.8%26.3%71.3%4.3%-2.6%3.9M-218.0M-1.5M0.622.50N/AN/A12,1297,507305,649150,645
2009-06-25$25.76$21.6363.4%18.2%72.4%20.0%64.1%6.5%-0.5%4.4M-262.8M-1.6M0.612.70N/AN/A10,2456,222307,278155,604
2009-06-26$25.86$21.6360.2%17.3%72.4%17.7%62.4%5.6%0.4%4.5M-267.0M-1.5M0.843.71N/AN/A4,5393,801309,725158,055
2009-06-29$25.09$24.0363.7%18.3%70.4%20.3%63.1%4.9%-3.1%4.3M-229.3M-1.5M0.543.10N/AN/A6,2863,385310,784160,134
2009-06-30$24.82$24.0361.3%17.6%66.2%18.5%61.6%4.7%-0.4%4.4M-216.3M-1.5M0.773.39N/AN/A10,5978,190311,412161,096