AA Options History — July 2010

In July 2010, AA traded between $24.03 and $26.99. ATM implied volatility averaged 42.2%, placing in the 23.8% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded above realized volatility by 1.4% (HV 20d: 40.8%). Max pain ranged from $24.03 to $31.24. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.66.

Notable Days

  • 2010-07-12: Highest Volume — 54,753 contracts
  • 2010-07-13: Largest IV drop — 49.5% change
  • 2010-07-12: Highest IV Rank — 81.7%
  • 2010-07-01: Largest Expected Move — 16.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.87$24.03$26.99$24.15$26.84
Max Pain$26.55$24.03$31.24$31.24$26.43
ATM IV42.2%30.9%66.5%59.0%31.3%
Expected Move11.4%9.0%16.9%16.9%9.0%
HV 20d40.8%29.6%46.9%46.9%29.7%
HV 60d43.6%42.6%44.5%42.7%43.3%
IV Rank23.8%3.4%81.7%45.0%4.3%
IV Percentile35.3%2.4%98.4%92.9%3.2%
Term Structure1.3%-7.4%4.8%-7.4%4.8%
VWIV40.7%31.7%59.7%59.7%31.7%
Skew 25d5.4%3.7%7.3%6.7%5.0%
Skew 10d10.5%3.0%14.9%9.3%8.1%
Call IV 25d38.7%30.6%58.1%58.1%30.6%
Put IV 25d44.1%35.6%64.8%64.8%35.6%
Bid-Ask Spread %2.811.685.941.685.94
Gamma HHI0.140.120.170.120.15
Net GEX2.0M611.1K3.9M611.1K3.9M
Net DEX59.2M-30.5M151.7M144.4M-30.5M
Net VEX-2.0M-2.2M-1.8M-1.8M-2.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.102.130.370.41
Total Volume18,184.1434,18954,75325,2904,189
Total OI469,230.571383,088553,541485,549439,365

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-07-01$24.15$31.2459.0%16.9%46.9%45.0%59.7%6.7%-7.4%611.1K144.4M-1.8M0.371.68N/AN/A18,4986,792311,071174,478
2010-07-02$24.03$31.2455.7%16.0%44.2%39.9%57.3%3.7%-7.0%643.6K140.3M-1.8M0.542.04N/AN/A5,1542,770322,031176,278
2010-07-06$24.53$24.0358.7%14.1%43.9%44.5%48.6%7.3%-0.0%804.9K131.5M-1.9M0.853.30N/AN/A8,1266,915323,233176,404
2010-07-07$25.35$26.4353.5%12.5%44.7%36.7%45.9%7.3%2.4%1.1M113.1M-1.9M0.843.16N/AN/A5,1374,306324,813177,653
2010-07-08$25.76$26.4354.9%12.4%45.0%38.7%46.1%7.1%1.4%1.4M97.0M-2.0M0.712.85N/AN/A14,73310,523326,624178,486
2010-07-09$26.29$24.0353.8%12.3%43.1%53.8%44.0%4.9%1.4%1.9M69.1M-2.1M0.622.49N/AN/A13,3118,295331,521184,519
2010-07-12$26.12$24.0366.5%12.8%42.9%81.7%45.6%5.8%0.1%1.9M72.1M-2.1M0.783.83N/AN/A30,82823,925339,991187,610
2010-07-13$26.43$26.4333.6%11.4%43.2%9.5%39.6%5.9%3.0%2.8M75.2M-2.1M0.652.81N/AN/A31,50420,378349,815199,111
2010-07-14$26.22$26.4330.9%11.5%42.4%3.4%41.0%4.7%2.6%2.3M86.2M-2.1M0.642.87N/AN/A10,0956,497352,531201,010
2010-07-15$26.05$26.4338.4%11.0%42.1%19.8%40.5%4.4%3.1%2.1M106.0M-2.0M0.762.40N/AN/A8,3076,285350,965202,074
2010-07-16$25.02$26.4342.0%12.0%43.8%27.8%40.6%4.8%1.7%828.3K151.7M-1.9M2.132.93N/AN/A5,92812,597350,330202,353
2010-07-19$25.42$26.4335.6%10.2%44.4%13.7%36.7%6.4%1.9%856.2K52.1M-1.9M0.522.65N/AN/A9,2274,797237,552145,536
2010-07-20$26.07$26.4335.4%10.1%40.6%13.3%36.3%4.5%1.5%1.5M28.1M-2.0M0.342.57N/AN/A8,4442,838242,789147,703
2010-07-21$25.45$26.4335.8%10.2%39.4%14.1%36.3%6.6%1.2%1.4M44.5M-1.9M0.692.34N/AN/A5,5783,848246,345148,533
2010-07-22$26.00$26.4334.5%9.9%40.1%11.4%35.5%4.6%1.5%1.7M28.7M-2.0M0.412.39N/AN/A12,3815,134247,507149,152
2010-07-23$26.55$26.4332.8%9.4%39.7%7.7%33.1%5.7%2.7%2.5M3.1M-2.1M0.352.86N/AN/A5,4611,923254,407152,654
2010-07-26$26.99$26.4333.3%9.5%39.9%8.7%33.6%4.3%2.4%3.0M-16.3M-2.1M0.352.84N/AN/A9,6593,351257,056152,527
2010-07-27$26.94$26.4333.5%9.6%39.4%9.2%33.4%5.1%3.0%3.1M-17.2M-2.1M0.102.90N/AN/A26,9812,619261,215153,263
2010-07-28$26.53$26.4333.5%9.6%31.7%9.1%34.6%4.7%3.3%3.7M-19.6M-2.2M0.612.12N/AN/A3,2401,969283,659153,797
2010-07-29$26.48$26.4332.9%9.4%29.6%7.8%35.7%3.7%3.2%3.5M-15.7M-2.2M1.272.02N/AN/A4,1025,222283,658154,223
2010-07-30$26.84$26.4331.3%9.0%29.7%4.3%31.7%5.0%4.8%3.9M-30.5M-2.2M0.415.94N/AN/A2,9641,225283,581155,784