AA Options History — October 2014

In October 2014, AA traded between $34.80 and $40.25. ATM implied volatility averaged 35.6%, placing in the 33.2% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 0.7% (HV 20d: 34.8%). Max pain ranged from $36.05 to $38.45. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 0.81.

Notable Days

  • 2014-10-09: Highest Volume — 71,781 contracts
  • 2014-10-17: Largest IV drop — 14.9% change
  • 2014-10-13: Highest IV Rank — 49.3%
  • 2014-10-13: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.81$34.80$40.25$37.73$40.25
Max Pain$36.67$36.05$38.45$38.45$36.05
ATM IV35.6%29.3%44.1%33.8%31.5%
Expected Move9.6%8.7%10.9%8.7%9.2%
HV 20d34.8%24.8%42.7%24.8%40.8%
HV 60d26.1%22.8%28.7%25.1%28.7%
IV Rank33.2%21.4%49.3%29.8%25.5%
IV Percentile76.6%49.6%94.8%76.6%63.9%
Term Structure-0.7%-3.6%1.0%-1.0%-0.2%
VWIV34.4%30.8%38.8%30.8%32.3%
Skew 25d3.7%0.8%7.4%1.2%5.1%
Skew 10d7.8%1.3%16.1%1.3%12.2%
Call IV 25d34.5%27.6%43.7%33.9%29.1%
Put IV 25d38.3%32.3%48.8%35.2%34.3%
Bid-Ask Spread %7.133.9717.095.115.36
Gamma HHI0.150.120.190.140.19
Net GEX5.1M-402.4K9.2M7.5M5.1M
Net DEX-427.4M-612.2M-185.8M-443.5M-612.2M
Net VEX-2.6M-2.7M-2.4M-2.4M-2.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.162.760.251.02
Total Volume27,619.65210,50471,78113,95231,475
Total OI522,503.435488,868566,481488,868531,699

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-10-01$37.73$38.4533.8%8.7%24.8%29.8%30.8%1.2%-1.0%7.5M-443.5M-2.4M0.255.11N/AN/A11,1512,801284,372204,496
2014-10-02$36.91$38.4535.9%8.9%25.0%33.8%31.2%2.4%-0.7%6.1M-371.6M-2.5M1.034.55N/AN/A20,77921,302287,054205,787
2014-10-03$37.49$38.4534.8%8.8%25.5%31.6%31.4%0.8%-0.9%6.5M-414.3M-2.5M0.245.07N/AN/A12,0622,893291,733215,237
2014-10-06$38.42$38.4536.2%9.0%27.2%34.4%31.4%2.0%-1.5%8.4M-491.5M-2.5M0.165.18N/AN/A21,8303,566289,970213,409
2014-10-07$38.33$38.4535.7%9.0%27.0%33.4%32.2%1.3%-0.8%8.8M-502.4M-2.4M0.315.85N/AN/A23,7477,404294,457213,975
2014-10-08$38.59$38.4537.0%9.1%27.1%35.9%32.3%2.8%-1.7%8.6M-516.0M-2.5M0.559.36N/AN/A30,64816,916295,949218,361
2014-10-09$37.03$36.0537.0%10.0%29.9%35.9%35.0%3.4%-0.6%5.2M-372.7M-2.5M1.2811.31N/AN/A31,47340,308305,296226,236
2014-10-10$36.29$36.0540.1%10.1%30.4%41.6%34.9%2.6%-1.5%-402.4K-277.3M-2.7M0.3917.09N/AN/A33,01212,772309,403250,323
2014-10-13$34.80$36.0544.1%10.9%32.7%49.3%37.8%1.6%-0.7%916.7K-185.8M-2.6M0.4812.75N/AN/A14,4126,900304,388243,341
2014-10-14$34.92$36.0543.0%10.6%32.7%47.2%37.0%5.1%-1.6%1.1M-187.4M-2.7M0.6914.39N/AN/A20,56114,240306,966244,171
2014-10-15$34.87$36.0543.4%10.8%32.4%48.0%38.3%7.0%-1.0%1.2M-194.4M-2.7M0.599.70N/AN/A16,8139,943318,139248,342
2014-10-16$35.08$36.0543.7%10.8%32.7%48.4%38.8%7.4%-3.6%1.5M-218.2M-2.7M0.585.86N/AN/A8,2684,764317,146247,256
2014-10-17$37.53$36.0537.2%10.1%41.7%36.2%36.5%6.8%-2.5%5.7M-413.7M-2.7M0.366.74N/AN/A25,7889,366319,069245,865
2014-10-20$37.70$36.0536.5%9.9%40.9%34.9%35.0%4.6%-0.7%3.4M-391.6M-2.7M0.475.41N/AN/A20,0109,337265,350225,622
2014-10-21$39.07$36.0531.8%9.7%42.7%25.9%34.8%4.6%1.0%5.4M-526.1M-2.6M1.685.60N/AN/A11,68519,644273,870228,704
2014-10-22$38.71$36.0532.5%9.6%42.7%27.4%36.2%3.5%-0.2%5.2M-495.3M-2.6M0.835.60N/AN/A8,2656,849276,587233,754
2014-10-23$38.93$36.0531.6%9.4%42.2%25.7%35.2%3.7%0.3%5.6M-513.0M-2.5M0.654.46N/AN/A10,3216,688278,034234,846
2014-10-24$39.75$36.0529.4%9.2%41.0%21.6%34.8%4.8%0.9%9.2M-589.4M-2.5M0.833.97N/AN/A8,5377,110280,809235,508
2014-10-27$39.29$36.0530.4%9.5%40.7%23.5%34.1%3.9%0.5%5.6M-522.3M-2.6M1.634.00N/AN/A4,5897,502275,964232,816
2014-10-28$39.89$36.0529.3%9.1%40.9%21.4%34.3%4.0%0.5%6.3M-574.2M-2.5M1.034.34N/AN/A5,1815,323276,926234,044
2014-10-29$39.02$36.0531.8%9.4%40.7%26.1%33.9%4.1%-0.3%5.0M-501.2M-2.6M0.705.66N/AN/A9,0976,388278,367234,906
2014-10-30$39.02$36.0531.7%9.4%39.8%25.9%33.7%3.4%0.1%5.1M-517.3M-2.5M2.766.58N/AN/A8,91924,613282,342236,690
2014-10-31$40.25$36.0531.5%9.2%40.8%25.5%32.3%5.1%-0.2%5.1M-612.2M-2.5M1.025.36N/AN/A15,55715,918280,222251,477