AA Options History — February 2019

In February 2019, AA traded between $27.12 and $31.03. ATM implied volatility averaged 40.5%, placing in the 16.4% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded below realized volatility by 1.9% (HV 20d: 42.4%). Max pain ranged from $28.00 to $29.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.57.

Notable Days

  • 2019-02-13: Highest Volume — 53,854 contracts
  • 2019-02-07: Largest IV spike — 5.0% change
  • 2019-02-14: Highest IV Rank — 20.1%
  • 2019-02-14: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.00$27.12$31.03$28.48$29.54
Max Pain$28.76$28.00$29.00$29.00$29.00
ATM IV40.5%37.4%42.9%40.4%39.1%
Expected Move11.6%10.6%12.3%12.0%11.2%
HV 20d42.4%36.6%48.4%48.4%38.7%
HV 60d48.4%42.5%50.7%50.6%43.1%
IV Rank16.4%11.4%20.1%16.2%14.3%
IV Percentile50.4%29.4%71.0%49.2%37.7%
Term Structure-0.0%-1.2%0.6%-0.1%-0.1%
VWIV40.4%37.8%42.7%41.7%39.1%
Skew 25d4.9%3.5%5.6%5.0%5.6%
Skew 10d11.1%8.1%14.1%10.1%14.0%
Call IV 25d38.5%35.1%41.3%38.6%36.3%
Put IV 25d43.4%40.3%45.5%43.6%41.9%
Bid-Ask Spread %14.649.0620.3715.9312.84
Gamma HHI0.320.180.450.300.39
Net GEX4.2M1.3M7.3M3.4M4.8M
Net DEX-13.3M-81.6M44.9M3.9M-19.0M
Net VEX-580.3K-743.8K-460.4K-552.8K-625.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.050.890.590.81
Total Volume9,951.2112,70053,8548,37613,829
Total OI138,924.474127,843164,211136,283139,722

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$28.48$29.0040.4%12.0%48.4%16.2%41.7%5.0%-0.1%3.4M3.9M-552.8K0.5915.93N/AN/A5,2843,09284,99451,289
2019-02-04$28.95$29.0041.1%11.8%39.6%17.3%41.1%5.5%0.4%4.2M-5.8M-564.0K0.4820.37N/AN/A2,1061,01382,10250,955
2019-02-05$29.14$29.0040.1%11.5%39.7%15.8%40.7%4.7%-0.5%4.8M-11.3M-564.5K0.5417.55N/AN/A2,2801,24083,03651,499
2019-02-06$28.54$29.0040.5%11.6%40.3%16.5%40.0%4.9%-0.3%4.0M8.3M-535.2K0.8914.65N/AN/A1,4271,27383,67451,791
2019-02-07$27.12$29.0042.6%12.1%43.7%19.7%40.5%4.9%-0.2%1.3M44.9M-460.4K0.5815.32N/AN/A4,1302,38284,03752,398
2019-02-08$27.46$29.0042.1%12.1%44.0%18.9%41.9%5.6%-0.2%2.0M39.2M-475.4K0.8117.72N/AN/A3,9063,18185,90454,491
2019-02-11$27.91$29.0041.5%11.9%44.2%17.9%42.6%5.3%0.5%2.6M25.7M-492.9K0.589.06N/AN/A2,2071,28184,48552,481
2019-02-12$28.38$29.0041.4%11.9%44.4%17.8%40.1%4.4%-1.2%4.0M14.5M-501.5K0.3712.55N/AN/A2,8841,07785,32553,102
2019-02-13$29.12$29.0041.7%11.9%45.4%18.3%40.7%5.3%-0.5%7.3M-8.8M-536.3K0.0515.91N/AN/A51,2172,63785,84753,447
2019-02-14$28.23$29.0042.9%12.3%46.7%20.1%42.7%3.9%0.1%3.7M1.7M-574.3K0.5214.89N/AN/A7,7054,005103,69854,856
2019-02-15$28.30$28.0041.2%11.8%45.5%17.5%41.3%3.5%-0.3%3.0M-258.2K-587.7K0.4415.38N/AN/A7,7603,390107,61156,600
2019-02-19$28.30$28.0041.6%11.9%45.3%18.1%41.4%4.9%0.6%3.2M-1.7M-570.0K0.4815.10N/AN/A4,6882,23981,13446,709
2019-02-20$29.19$28.5040.0%11.5%42.1%15.6%40.1%5.3%0.5%4.7M-26.7M-617.3K0.7214.21N/AN/A4,6223,33583,96948,153
2019-02-21$29.62$28.5040.2%11.6%42.0%15.9%39.5%4.4%-0.3%5.4M-40.0M-623.7K0.8512.43N/AN/A4,5823,89285,45149,358
2019-02-22$30.13$28.5039.1%10.9%42.1%14.2%38.4%5.4%0.3%6.3M-58.5M-661.4K0.4214.70N/AN/A8,0793,42186,54051,463
2019-02-25$30.72$28.5038.9%11.3%40.2%13.8%38.9%5.1%0.5%5.3M-68.4M-679.1K0.3813.88N/AN/A5,5192,08084,04150,229
2019-02-26$31.03$28.5037.4%10.6%37.2%11.4%38.3%5.2%0.4%5.4M-81.6M-743.8K0.7212.18N/AN/A6,4914,64587,46653,439
2019-02-27$30.89$29.0037.4%10.7%36.6%11.4%37.8%4.4%-0.3%5.1M-69.3M-660.5K0.5813.41N/AN/A3,9042,27084,57253,697
2019-02-28$29.54$29.0039.1%11.2%38.7%14.3%39.1%5.6%-0.1%4.8M-19.0M-625.5K0.8112.84N/AN/A7,6546,17585,39254,330