AA Options History — October 2009

In October 2009, AA traded between $28.67 and $34.51. ATM implied volatility averaged 47.1%, placing in the 7.5% IV rank vs the trailing year. The 30-day expected move averaged 13.5%. IV traded above realized volatility by 6.1% (HV 20d: 41.0%). Max pain ranged from $26.43 to $33.64. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.67.

Notable Days

  • 2009-10-08: Highest Volume — 93,612 contracts
  • 2009-10-08: Largest IV drop — 40.8% change
  • 2009-10-05: Highest IV Rank — 23.7%
  • 2009-10-01: Largest Expected Move — 18.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.75$28.67$34.51$31.05$29.85
Max Pain$32.33$26.43$33.64$26.43$31.24
ATM IV47.1%34.4%73.6%63.8%55.0%
Expected Move13.5%9.9%18.3%18.3%15.8%
HV 20d41.0%30.7%55.0%45.7%55.0%
HV 60d46.6%43.2%49.0%48.6%48.7%
IV Rank7.5%0.0%23.7%16.1%16.9%
IV Percentile11.3%0.0%46.0%32.9%21.8%
Term Structure1.1%-5.9%5.3%-5.9%-2.3%
VWIV47.8%35.0%67.9%67.9%54.7%
Skew 25d0.3%-5.7%2.7%-5.7%1.8%
Skew 10d0.6%-10.9%5.3%-10.9%0.8%
Call IV 25d48.0%34.4%70.0%70.0%54.2%
Put IV 25d48.3%37.2%64.3%64.3%56.0%
Bid-Ask Spread %3.762.195.232.313.73
Gamma HHI0.250.160.620.200.18
Net GEX9.0M2.2M30.4M6.6M4.6M
Net DEX-377.9M-576.4M-103.8M-352.4M-194.1M
Net VEX-1.8M-2.1M-1.5M-1.9M-1.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.221.330.410.35
Total Volume30,054.0918,52493,61226,61732,545
Total OI522,350.136432,426610,696529,393501,963

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-10-01$31.05$26.4363.8%18.3%45.7%16.1%67.9%-5.7%-5.9%6.6M-352.4M-1.9M0.412.31N/AN/A18,9097,708365,142164,251
2009-10-02$30.81$26.4360.2%17.3%44.2%13.4%63.5%-3.5%-4.6%6.6M-334.8M-1.9M0.603.16N/AN/A7,7824,650371,466166,931
2009-10-05$32.25$31.2473.6%16.8%46.6%23.7%59.7%-2.3%0.1%7.8M-422.3M-2.0M0.434.30N/AN/A16,1076,929373,698168,429
2009-10-06$33.38$31.2468.1%16.3%46.6%19.5%57.8%-1.4%-0.7%9.1M-483.4M-2.0M0.403.74N/AN/A45,63818,045376,075169,346
2009-10-07$34.12$31.2473.1%16.7%46.8%23.3%58.9%-0.3%-2.6%9.6M-534.2M-2.1M0.434.40N/AN/A56,94924,300387,296177,075
2009-10-08$34.48$31.2443.3%13.8%46.9%0.4%48.6%0.1%2.9%13.8M-576.4M-2.1M0.524.45N/AN/A61,56832,044409,037187,768
2009-10-09$34.22$33.6436.8%14.0%47.0%0.0%49.3%0.1%2.8%12.8M-537.2M-1.8M0.284.31N/AN/A39,91811,296396,709180,995
2009-10-12$34.24$33.6441.3%14.0%47.0%3.3%49.0%1.8%1.8%14.3M-542.1M-1.9M1.334.16N/AN/A9,31012,341412,639183,933
2009-10-13$33.91$33.6439.8%13.6%38.4%2.6%47.7%1.0%3.0%13.5M-508.6M-1.8M0.973.98N/AN/A10,94810,639414,237189,690
2009-10-14$34.41$33.6439.9%12.8%36.7%2.7%45.0%1.7%4.2%13.1M-543.1M-1.8M0.505.23N/AN/A9,8144,889412,468195,255
2009-10-15$34.51$33.6443.2%12.4%35.1%5.4%43.1%2.4%4.8%12.6M-556.1M-1.8M0.744.52N/AN/A14,33610,627412,312195,273
2009-10-16$33.74$33.6441.0%11.7%36.1%3.5%41.5%1.6%5.3%30.4M-491.3M-1.7M0.582.68N/AN/A17,43410,111409,107201,589
2009-10-19$33.81$33.6438.0%10.9%36.0%1.0%38.3%0.4%2.5%6.3M-324.7M-1.7M0.833.17N/AN/A8,0666,679298,889133,537
2009-10-20$33.14$33.6436.8%10.5%35.7%0.0%37.3%1.8%2.9%5.6M-289.0M-1.7M0.793.66N/AN/A7,3465,774302,644136,099
2009-10-21$33.21$33.6436.2%10.4%35.6%0.0%36.9%1.9%2.3%5.8M-292.2M-1.7M0.753.11N/AN/A5,7304,291304,655138,658
2009-10-22$33.74$33.6434.4%9.9%31.9%0.0%35.0%2.7%4.5%6.4M-316.0M-1.7M0.764.45N/AN/A4,8303,694307,569141,929
2009-10-23$32.99$33.6435.8%10.3%30.7%1.2%36.5%1.8%2.7%5.6M-281.6M-1.7M1.282.51N/AN/A6,7238,589309,459143,682
2009-10-26$31.91$33.6440.0%11.5%31.8%4.6%40.2%1.4%1.0%4.4M-230.9M-1.6M0.824.09N/AN/A6,6885,458312,255146,528
2009-10-27$30.78$33.6440.9%11.7%34.1%5.3%42.2%-0.4%1.2%3.4M-181.5M-1.6M1.052.19N/AN/A9,0609,508313,208147,357
2009-10-28$28.67$33.6447.4%13.6%41.9%10.7%49.4%-1.3%-0.2%2.2M-103.8M-1.5M0.724.43N/AN/A16,35811,720314,416147,203
2009-10-29$31.24$31.2448.6%13.9%52.6%11.7%49.5%1.7%-0.7%4.1M-218.8M-1.7M0.224.12N/AN/A37,6648,175320,026150,905
2009-10-30$29.85$31.2455.0%15.8%55.0%16.9%54.7%1.8%-2.3%4.6M-194.1M-1.8M0.353.73N/AN/A24,1478,398348,961153,002