AA Options History — April 2015

In April 2015, AA traded between $31.26 and $32.85. ATM implied volatility averaged 28.6%, placing in the 21.1% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 5.6% (HV 20d: 23.0%). Max pain ranged from $31.24 to $33.64. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.64.

Notable Days

  • 2015-04-08: Highest Volume — 60,434 contracts
  • 2015-04-09: Largest IV drop — 18.5% change
  • 2015-04-08: Highest IV Rank — 37.2%
  • 2015-04-01: Largest Expected Move — 10.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.15$31.26$32.85$31.26$32.27
Max Pain$32.50$31.24$33.64$33.64$31.24
ATM IV28.6%23.4%37.7%34.8%25.5%
Expected Move8.2%6.6%10.7%10.7%7.3%
HV 20d23.0%20.1%28.5%27.5%21.8%
HV 60d32.9%30.6%35.0%34.9%30.6%
IV Rank21.1%11.1%37.2%31.7%15.4%
IV Percentile41.2%13.1%89.3%75.0%24.6%
Term Structure-0.2%-1.9%1.4%-0.3%0.4%
VWIV29.1%23.5%37.9%37.9%26.1%
Skew 25d2.1%0.6%3.0%3.0%2.1%
Skew 10d4.6%2.6%7.5%3.8%3.8%
Call IV 25d28.4%23.6%38.2%34.2%25.2%
Put IV 25d30.5%25.0%38.7%37.2%27.3%
Bid-Ask Spread %2.852.463.393.063.18
Gamma HHI0.190.150.240.160.22
Net GEX1.2M-1.3M6.2M845.8K6.2M
Net DEX6.4M-65.1M76.6M73.2M-57.9M
Net VEX-1.7M-1.9M-1.6M-1.6M-1.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.161.340.730.33
Total Volume22,730.4769,86360,4349,86320,287
Total OI332,151.238288,819377,817321,571330,986

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-04-01$31.26$33.6434.8%10.7%27.5%31.7%37.9%3.0%-0.3%845.8K73.2M-1.6M0.733.06N/AN/A5,6974,166178,655142,916
2015-04-02$31.62$33.6434.7%9.9%27.9%31.5%34.0%3.0%-0.5%-127.9K52.0M-1.7M0.452.72N/AN/A11,6245,257179,624143,417
2015-04-06$32.08$33.6435.2%10.2%28.5%32.5%34.7%2.8%0.4%673.7K35.4M-1.7M0.392.67N/AN/A13,8835,387178,084143,307
2015-04-07$32.30$33.6435.8%10.3%22.0%33.6%35.1%2.5%0.2%1.8M13.8M-1.7M0.603.04N/AN/A18,62411,101185,571144,797
2015-04-08$32.85$33.6437.7%10.4%22.2%37.2%37.0%0.6%-1.9%2.7M-25.0M-1.8M0.593.39N/AN/A37,90322,531190,461149,527
2015-04-09$31.67$33.6430.7%8.8%25.7%24.0%32.1%2.1%-0.2%-1.3M76.6M-1.6M0.713.05N/AN/A33,85423,993208,147158,307
2015-04-10$31.60$33.6429.6%8.5%24.9%23.9%30.5%1.7%-0.6%-1.2M65.1M-1.7M1.013.05N/AN/A11,12411,267211,858165,959
2015-04-13$31.91$33.6429.0%8.4%24.7%22.6%29.5%1.3%-1.0%-869.0K36.8M-1.7M0.662.65N/AN/A10,7057,085196,675158,511
2015-04-14$32.10$33.6428.7%8.3%23.6%22.1%28.5%2.4%-1.1%-210.6K33.8M-1.7M0.592.54N/AN/A9,0655,351197,533161,635
2015-04-15$32.10$33.6427.9%8.0%22.7%20.5%27.8%2.3%-0.8%-202.2K34.1M-1.7M0.582.46N/AN/A6,6803,898199,025160,808
2015-04-16$32.39$33.6427.9%8.0%22.1%20.4%28.7%2.1%-1.4%1.8M10.8M-1.7M0.622.56N/AN/A14,8399,171199,835160,732
2015-04-17$32.39$31.2427.3%7.9%20.1%19.3%28.2%1.9%-0.8%4.7M8.3M-1.8M0.552.71N/AN/A15,2828,391204,508164,978
2015-04-20$32.61$31.2425.9%7.4%20.1%16.4%27.9%2.8%-0.1%1.5M-30.5M-1.8M0.532.68N/AN/A14,2557,623155,513133,306
2015-04-21$32.46$31.2425.3%7.1%20.3%15.1%26.6%2.3%-0.3%1.7M-26.3M-1.8M0.692.77N/AN/A7,0474,879159,871137,286
2015-04-22$32.56$31.2424.8%6.9%20.2%14.0%25.2%2.1%-0.1%2.3M-33.3M-1.8M1.022.77N/AN/A5,8565,990161,933139,009
2015-04-23$31.70$31.2424.6%6.9%22.3%13.6%25.3%2.3%-0.2%-317.0K16.4M-1.8M0.773.19N/AN/A16,44412,649163,730141,682
2015-04-24$31.74$31.2424.4%6.7%22.2%13.2%23.5%2.2%0.5%-360.4K786.2K-1.8M1.342.90N/AN/A6,9839,365172,360147,893
2015-04-27$32.32$31.2423.4%6.6%22.0%11.1%23.9%1.5%0.7%989.3K-36.3M-1.8M0.362.84N/AN/A13,1494,755166,705144,703
2015-04-28$32.44$31.2423.5%6.7%21.0%11.4%24.1%1.6%0.5%2.3M-48.7M-1.8M0.642.64N/AN/A7,1014,532172,005144,603
2015-04-29$32.73$31.2424.2%7.0%21.0%12.8%25.0%1.4%1.4%3.0M-65.1M-1.9M0.162.89N/AN/A25,4214,126173,340145,381
2015-04-30$32.27$31.2425.5%7.3%21.8%15.4%26.1%2.1%0.4%6.2M-57.9M-1.9M0.333.18N/AN/A15,2725,015185,130145,856