AA Options History — September 2015

In September 2015, AA traded between $21.82 and $23.91. ATM implied volatility averaged 48.3%, placing in the 82.2% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded above realized volatility by 0.8% (HV 20d: 47.5%). Max pain ranged from $24.03 to $26.43. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.82.

Notable Days

  • 2015-09-28: Highest Volume — 58,593 contracts
  • 2015-09-28: Largest IV spike — 10.9% change
  • 2015-09-01: Highest IV Rank — 98.1%
  • 2015-09-30: Largest Expected Move — 16.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.93$21.82$23.91$22.11$23.16
Max Pain$24.26$24.03$26.43$24.03$24.03
ATM IV48.3%41.3%53.4%53.4%52.5%
Expected Move14.3%12.0%16.6%16.5%16.6%
HV 20d47.5%38.8%58.5%57.7%38.8%
HV 60d40.9%38.5%43.9%38.5%43.9%
IV Rank82.2%60.7%98.1%98.1%95.2%
IV Percentile95.4%88.5%99.6%99.6%98.0%
Term Structure0.1%-2.9%5.9%2.8%-1.1%
VWIV51.0%42.6%60.3%60.3%58.5%
Skew 25d2.8%1.5%4.7%2.4%4.4%
Skew 10d4.2%-0.5%9.1%2.2%9.1%
Call IV 25d48.6%41.6%53.8%53.8%51.6%
Put IV 25d51.4%44.6%56.4%56.3%55.9%
Bid-Ask Spread %8.752.3443.2943.296.88
Gamma HHI0.240.140.460.140.20
Net GEX2.9M817.0K6.7M1.9M3.0M
Net DEX62.2M17.3M121.7M78.1M46.7M
Net VEX-1.6M-1.7M-1.4M-1.6M-1.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.321.490.611.49
Total Volume20,054.6679,82858,59315,11027,720
Total OI428,977.429404,297442,283420,568436,167

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-09-01$22.11$24.0353.4%16.5%57.7%98.1%60.3%2.4%2.8%1.9M78.1M-1.6M0.6143.29N/AN/A9,3655,745253,266167,302
2015-09-02$22.40$24.0350.1%15.1%57.9%87.8%53.3%2.2%3.7%2.3M76.1M-1.6M0.3441.00N/AN/A18,3756,327253,424167,805
2015-09-03$23.02$26.4347.8%14.5%58.5%80.6%52.1%2.1%5.9%3.6M39.3M-1.7M0.474.19N/AN/A15,7277,332265,378169,418
2015-09-04$22.88$26.4349.9%15.1%55.7%87.2%53.2%2.8%5.2%6.4M40.9M-1.7M0.384.15N/AN/A16,6196,381269,057170,360
2015-09-08$23.36$24.0352.5%14.6%50.7%95.3%53.0%2.6%-1.9%3.2M29.3M-1.7M0.383.52N/AN/A8,0873,102263,632165,775
2015-09-09$22.95$24.0349.7%14.2%46.4%86.6%51.3%1.7%-0.2%2.9M51.8M-1.6M0.543.13N/AN/A14,1447,599265,733168,215
2015-09-10$23.12$24.0349.0%13.9%46.5%84.5%50.4%3.2%-0.6%3.1M50.0M-1.6M0.823.54N/AN/A6,7755,577266,321171,001
2015-09-11$23.16$24.0348.7%13.8%45.8%83.4%49.5%1.9%-0.7%2.5M52.9M-1.6M0.993.50N/AN/A5,7425,697266,650172,081
2015-09-14$22.49$24.0349.7%14.3%47.1%86.6%51.5%1.6%-2.9%1.7M91.5M-1.5M0.793.57N/AN/A8,4246,679261,633169,408
2015-09-15$23.14$24.0346.9%13.4%48.2%77.8%48.1%2.5%-0.7%3.2M56.8M-1.5M0.862.98N/AN/A5,2954,533264,714168,929
2015-09-16$23.72$24.0344.9%12.9%48.4%71.7%47.4%1.8%-0.7%5.1M30.7M-1.6M0.832.34N/AN/A7,7846,452267,702170,136
2015-09-17$23.91$24.0343.2%12.4%47.7%66.5%43.9%1.5%-1.3%6.7M17.3M-1.6M1.033.88N/AN/A7,0597,237268,959171,772
2015-09-18$23.91$24.0343.0%12.5%47.4%66.0%44.2%2.6%-1.0%3.1M34.4M-1.6M1.343.05N/AN/A12,88817,305269,816172,467
2015-09-21$23.79$24.0341.3%12.0%45.9%60.7%42.6%3.0%-0.1%3.3M41.1M-1.6M0.636.33N/AN/A12,9198,154239,477164,820
2015-09-22$22.61$24.0344.5%13.0%44.7%70.5%47.2%4.0%-0.2%1.8M93.4M-1.4M1.226.38N/AN/A6,3937,823245,554166,134
2015-09-23$22.08$24.0346.5%14.0%45.8%76.8%48.5%4.7%-1.1%954.9K114.5M-1.4M1.418.73N/AN/A5,0607,151248,522168,424
2015-09-24$22.08$24.0347.9%14.4%45.9%81.2%50.6%3.3%-0.3%817.0K117.1M-1.4M0.836.51N/AN/A11,0559,172249,778170,302
2015-09-25$21.82$24.0347.5%14.2%39.5%79.8%50.0%3.2%-1.3%874.0K121.7M-1.4M0.968.74N/AN/A7,9137,628253,919172,085
2015-09-28$23.12$24.0352.7%16.5%38.8%95.8%57.1%3.4%-0.9%2.6M56.7M-1.6M0.3210.38N/AN/A44,55214,041250,592169,102
2015-09-29$22.71$24.0352.2%16.5%39.4%94.2%58.5%4.5%-1.0%2.1M66.0M-1.6M1.067.59N/AN/A12,26213,055260,732171,964
2015-09-30$23.16$24.0352.5%16.6%38.8%95.2%58.5%4.4%-1.1%3.0M46.7M-1.6M1.496.88N/AN/A11,14416,576261,780174,387