AA Options History — August 2017

In August 2017, AA traded between $36.37 and $43.94. ATM implied volatility averaged 32.4%, placing in the 1.7% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 3.9% (HV 20d: 28.6%). Max pain ranged from $32.00 to $37.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 0.82.

Notable Days

  • 2017-08-08: Highest Volume — 36,471 contracts
  • 2017-08-08: Largest IV spike — 11.6% change
  • 2017-08-11: Highest IV Rank — 2.8%
  • 2017-08-11: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.31$36.37$43.94$36.37$43.94
Max Pain$34.83$32.00$37.00$32.00$37.00
ATM IV32.4%30.3%35.5%31.9%31.4%
Expected Move9.1%8.6%10.1%8.7%8.7%
HV 20d28.6%20.8%35.1%20.8%33.1%
HV 60d29.8%26.9%32.2%27.3%32.1%
IV Rank1.7%1.0%2.8%1.5%1.3%
IV Percentile11.1%4.0%23.4%10.3%4.4%
Term Structure-0.2%-1.7%0.7%-0.4%0.3%
VWIV32.7%29.9%36.7%31.5%31.0%
Skew 25d2.3%1.2%3.5%2.2%1.6%
Skew 10d4.5%2.5%6.6%3.2%4.8%
Call IV 25d32.1%30.0%36.3%31.3%31.0%
Put IV 25d34.3%31.8%38.8%33.5%32.6%
Bid-Ask Spread %15.1012.2417.4016.0113.04
Gamma HHI0.220.130.690.190.13
Net GEX7.0M3.2M19.2M5.4M4.9M
Net DEX-130.3M-203.4M-68.2M-81.7M-203.4M
Net VEX-426.6K-551.2K-344.2K-396.0K-540.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.171.301.201.12
Total Volume13,818.135,05736,4715,05712,330
Total OI101,561.73971,535116,51389,506116,513

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-08-01$36.37$32.0031.9%8.7%20.8%1.5%31.5%2.2%-0.4%5.4M-81.7M-396.0K1.2016.01N/AN/A2,3012,75659,11630,390
2017-08-02$37.25$32.0032.2%8.6%21.9%1.6%31.9%2.2%-1.7%6.2M-104.4M-391.4K0.5616.91N/AN/A6,3183,54059,49630,602
2017-08-03$37.09$34.0030.9%8.7%22.1%1.2%30.8%1.2%-0.4%7.4M-105.4M-396.3K1.3016.76N/AN/A2,3553,06262,29531,173
2017-08-04$37.41$34.0030.7%8.9%22.1%1.1%31.2%2.4%-0.1%7.3M-117.2M-392.5K1.1514.67N/AN/A2,9493,38262,88131,533
2017-08-07$37.91$34.0030.3%8.8%22.3%1.0%29.9%1.6%0.4%6.4M-118.4M-380.8K0.6615.20N/AN/A6,7384,45059,74430,805
2017-08-08$39.53$34.0033.8%9.5%25.3%2.2%34.3%1.6%-0.3%5.6M-160.8M-382.2K0.3612.93N/AN/A26,8679,60463,00231,010
2017-08-09$38.53$34.0034.3%9.6%27.0%2.3%35.2%2.7%-1.3%7.7M-132.9M-418.2K1.0912.97N/AN/A4,6355,06873,86635,314
2017-08-10$37.85$34.0035.3%10.0%24.7%2.7%36.4%2.6%-0.4%7.5M-103.8M-405.8K1.0915.99N/AN/A4,8935,31273,24835,929
2017-08-11$37.85$34.0035.5%10.1%24.5%2.8%36.7%2.5%-1.0%7.1M-104.0M-403.7K0.5716.67N/AN/A7,7644,44873,73336,272
2017-08-14$37.26$34.0033.8%9.7%25.3%2.2%34.0%2.5%-0.6%7.7M-92.0M-378.9K1.0215.69N/AN/A3,9093,97075,31433,828
2017-08-15$37.60$34.0032.3%9.2%25.4%1.7%33.2%3.5%0.7%9.0M-102.7M-375.1K1.0914.93N/AN/A3,3553,64675,71734,096
2017-08-16$39.20$34.0032.0%9.2%29.1%1.6%32.0%1.9%0.3%11.3M-156.4M-367.5K0.3613.43N/AN/A11,7304,23674,90434,172
2017-08-17$37.90$34.0033.4%9.6%32.0%2.0%34.6%2.7%0.4%11.9M-105.6M-365.4K0.5612.24N/AN/A7,5274,21876,04835,330
2017-08-18$37.90$35.0032.8%9.3%32.0%1.8%33.4%3.4%0.7%19.2M-98.0M-358.7K1.1917.40N/AN/A4,2145,00876,63936,343
2017-08-21$38.50$36.0032.6%9.3%32.3%1.8%32.6%2.2%0.5%3.2M-68.2M-351.0K1.0916.31N/AN/A3,0873,35742,25129,284
2017-08-22$39.81$36.0032.2%9.0%34.0%1.6%32.3%2.0%-0.3%3.2M-92.8M-344.2K0.1716.15N/AN/A29,3755,09643,56329,754
2017-08-23$41.12$36.0031.9%8.8%35.1%1.5%32.2%2.1%-0.6%5.3M-156.6M-452.1K1.0115.35N/AN/A12,36812,46663,39531,954
2017-08-24$41.34$36.0031.1%9.0%34.3%1.2%32.3%1.4%0.4%4.8M-169.3M-537.6K1.0714.57N/AN/A5,0715,44470,49239,171
2017-08-25$41.31$36.0031.5%8.6%33.4%1.4%31.4%2.6%-0.5%4.6M-171.7M-534.5K0.6416.13N/AN/A8,7505,57071,46539,276
2017-08-28$42.15$37.0032.7%9.4%33.6%1.8%33.7%2.1%0.5%5.1M-162.5M-541.5K0.6114.21N/AN/A8,2165,03866,68336,897
2017-08-29$43.04$37.0032.0%8.8%33.8%1.5%30.6%2.6%0.1%5.1M-188.5M-551.2K0.4013.88N/AN/A11,0934,39670,68838,873
2017-08-30$43.38$37.0031.7%8.7%33.3%1.4%31.2%2.1%-0.4%5.1M-200.6M-546.4K0.5315.93N/AN/A18,2979,60872,57340,288
2017-08-31$43.94$37.0031.4%8.7%33.1%1.3%31.0%1.6%0.3%4.9M-203.4M-540.8K1.1213.04N/AN/A5,8046,52672,24144,272