AA Options History — October 2017

In October 2017, AA traded between $46.63 and $50.10. ATM implied volatility averaged 35.9%, placing in the 7.2% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded above realized volatility by 10.0% (HV 20d: 26.0%). Max pain ranged from $40.00 to $44.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 1.03.

Notable Days

  • 2017-10-24: Highest Volume — 21,430 contracts
  • 2017-10-19: Largest IV drop — 16.7% change
  • 2017-10-09: Highest IV Rank — 14.0%
  • 2017-10-04: Largest Expected Move — 12.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.89$46.63$50.10$47.58$47.74
Max Pain$42.41$40.00$44.00$40.00$44.00
ATM IV35.9%30.4%40.4%39.9%32.8%
Expected Move10.5%8.9%12.7%12.6%9.8%
HV 20d26.0%20.9%32.5%32.5%26.2%
HV 60d29.7%28.9%31.2%29.7%31.1%
IV Rank7.2%3.2%14.0%4.3%5.7%
IV Percentile35.9%3.2%64.7%60.7%15.1%
Term Structure-0.6%-1.7%0.8%-1.0%-0.0%
VWIV37.5%31.5%45.0%44.0%33.6%
Skew 25d2.4%1.8%2.9%1.8%2.6%
Skew 10d5.2%3.3%10.5%4.0%5.5%
Call IV 25d35.5%29.3%39.6%39.5%31.8%
Put IV 25d37.8%32.1%42.0%41.3%34.4%
Bid-Ask Spread %13.129.1019.3915.2617.91
Gamma HHI0.170.110.300.120.19
Net GEX7.2M4.9M11.6M7.3M5.5M
Net DEX-221.2M-274.8M-134.1M-254.5M-144.9M
Net VEX-582.8K-633.4K-531.2K-633.4K-613.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.030.462.291.250.77
Total Volume13,254.3188,30221,43013,1138,302
Total OI137,286.955105,483155,310140,585124,518

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-10-02$47.58$40.0039.9%12.6%32.5%4.3%44.0%1.8%-1.0%7.3M-254.5M-633.4K1.2515.26N/AN/A5,8397,27485,47155,114
2017-10-03$48.26$40.0039.9%12.4%32.1%4.3%45.0%2.6%-1.4%7.3M-273.8M-617.9K2.2911.79N/AN/A3,3417,64485,97856,404
2017-10-04$47.88$40.0039.4%12.7%32.3%4.1%44.7%2.5%-0.7%7.6M-263.4M-606.9K1.569.81N/AN/A5,1888,09686,24156,909
2017-10-05$48.25$42.0039.5%10.7%32.3%4.1%38.7%2.0%-1.4%7.9M-274.8M-608.3K1.8311.61N/AN/A3,5316,47888,09757,555
2017-10-06$47.49$42.0039.3%10.9%26.8%4.1%39.0%2.0%-0.8%8.2M-247.5M-620.0K1.479.50N/AN/A4,3396,39188,30459,636
2017-10-09$47.05$42.0040.4%11.2%26.4%14.0%41.7%2.2%-1.6%7.5M-229.6M-604.0K0.9011.70N/AN/A5,9115,29186,07058,657
2017-10-10$46.89$42.0039.8%11.1%24.5%13.4%41.2%2.3%-0.6%7.8M-228.5M-595.9K1.0714.41N/AN/A4,2554,56887,30660,017
2017-10-11$46.90$42.0039.3%11.1%24.4%12.9%39.8%2.5%-0.6%7.9M-229.8M-600.2K0.9811.31N/AN/A5,1094,99387,79160,951
2017-10-12$47.50$42.0039.2%11.0%24.6%12.8%40.0%2.7%-1.3%8.7M-253.9M-575.2K0.8012.39N/AN/A5,5114,40289,32061,383
2017-10-13$47.71$42.0038.7%10.8%24.5%12.2%39.9%2.9%-1.2%7.0M-268.2M-572.4K0.8812.34N/AN/A5,8045,10090,65961,372
2017-10-16$48.28$42.0038.2%10.9%24.7%11.7%38.7%1.8%-1.3%7.2M-260.6M-537.3K0.4610.68N/AN/A11,2295,21584,61655,809
2017-10-17$47.70$42.0038.0%10.9%23.5%11.5%39.0%2.5%-1.7%7.2M-240.3M-544.6K0.939.21N/AN/A5,9305,53784,82857,161
2017-10-18$47.73$42.0037.1%10.6%21.4%10.5%38.0%1.9%-1.2%7.4M-242.3M-531.2K0.7411.54N/AN/A12,1469,03086,35859,356
2017-10-19$46.63$42.0030.9%8.9%20.9%3.8%31.9%2.8%-0.9%11.6M-206.9M-545.9K0.8610.54N/AN/A11,3519,71992,51162,799
2017-10-20$47.89$43.0030.9%8.9%21.6%3.7%31.5%1.9%-0.9%6.6M-266.6M-545.5K0.759.10N/AN/A12,0239,01991,15363,995
2017-10-23$47.94$44.0030.7%9.0%21.5%3.5%31.8%2.0%0.6%5.1M-146.5M-547.0K1.0215.35N/AN/A5,9446,08260,96944,514
2017-10-24$50.10$44.0030.4%9.1%25.3%3.2%32.1%2.8%0.8%5.6M-200.4M-536.8K0.5515.67N/AN/A13,7917,63963,21247,039
2017-10-25$49.54$44.0031.4%9.4%26.0%4.2%33.3%2.2%0.2%6.3M-185.4M-585.7K1.2415.74N/AN/A5,4276,74066,85849,963
2017-10-26$49.21$44.0031.2%9.4%25.3%4.1%33.2%2.6%0.7%6.2M-174.3M-593.3K1.2516.80N/AN/A3,9024,85967,30651,806
2017-10-27$47.91$44.0031.3%9.4%27.3%4.1%33.3%2.5%0.3%8.3M-139.5M-590.3K0.5919.39N/AN/A11,0696,48267,72152,385
2017-10-30$47.43$44.0032.6%9.9%26.6%5.5%33.7%2.7%0.5%4.9M-134.1M-616.1K0.5316.55N/AN/A7,2603,83470,33351,868
2017-10-31$47.74$44.0032.8%9.8%26.2%5.7%33.6%2.6%-0.0%5.5M-144.9M-613.4K0.7717.91N/AN/A4,6843,61872,25452,264