AA Options History — April 2019

In April 2019, AA traded between $26.55 and $29.63. ATM implied volatility averaged 42.7%, placing in the 24.2% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 6.9% (HV 20d: 35.7%). Max pain ranged from $28.00 to $29.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.14.

Notable Days

  • 2019-04-18: Highest Volume — 39,632 contracts
  • 2019-04-18: Largest IV drop — 12.6% change
  • 2019-04-17: Highest IV Rank — 37.9%
  • 2019-04-15: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.18$26.55$29.63$29.35$26.55
Max Pain$28.24$28.00$29.00$28.00$28.00
ATM IV42.7%35.1%47.5%45.1%37.2%
Expected Move12.1%10.0%13.4%12.5%11.0%
HV 20d35.7%31.3%42.6%41.1%32.7%
HV 60d38.6%36.5%41.6%41.6%36.5%
IV Rank24.2%14.5%37.9%23.7%20.8%
IV Percentile56.6%11.5%82.1%76.6%24.6%
Term Structure-0.7%-1.8%0.7%-0.3%0.0%
VWIV40.5%32.9%47.2%42.8%38.8%
Skew 25d4.5%3.3%6.1%4.2%4.5%
Skew 10d9.5%5.8%12.6%9.9%10.4%
Call IV 25d40.4%33.2%46.2%42.7%34.9%
Put IV 25d44.9%37.1%50.2%46.9%39.4%
Bid-Ask Spread %13.077.2424.0212.147.24
Gamma HHI0.220.170.290.230.22
Net GEX1.4M-1.1M3.6M2.6M-681.2K
Net DEX1.6M-42.3M84.3M-34.1M32.9M
Net VEX-643.7K-734.3K-509.3K-732.7K-509.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.140.174.630.550.66
Total Volume9,845.5713,08639,6327,8495,110
Total OI165,521.238142,597205,820163,638144,083

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$29.35$28.0045.1%12.5%41.1%23.7%42.8%4.2%-0.3%2.6M-34.1M-732.7K0.5512.14N/AN/A5,0512,79890,85672,782
2019-04-02$28.45$28.0046.2%12.9%42.6%25.4%43.4%3.3%-1.1%2.0M-9.1M-709.8K1.4514.95N/AN/A2,6123,78892,84974,613
2019-04-03$28.55$28.0046.8%12.7%40.8%26.3%37.3%3.4%-1.4%1.8M-8.8M-703.5K0.8515.16N/AN/A2,9112,46392,71276,396
2019-04-04$29.28$28.0046.3%12.8%39.7%25.6%34.6%5.0%-0.8%2.8M-32.8M-728.2K0.4510.53N/AN/A3,8971,75794,82176,962
2019-04-05$29.48$28.0047.5%13.1%38.3%27.5%36.4%3.4%-1.0%3.6M-42.3M-734.3K0.7813.10N/AN/A4,8653,78495,99777,234
2019-04-08$29.63$28.0047.3%13.0%37.5%27.1%45.6%5.0%-1.8%3.0M-42.0M-721.7K0.5317.76N/AN/A2,0191,06793,71275,232
2019-04-09$29.13$28.0046.7%13.1%36.0%26.2%45.8%5.6%-0.5%2.7M-26.7M-708.7K1.9811.12N/AN/A2,2884,53094,88175,957
2019-04-10$29.12$29.0046.6%13.2%35.1%26.0%45.2%6.1%-0.8%2.5M-24.2M-708.3K1.0212.16N/AN/A1,6141,65395,58178,628
2019-04-11$28.45$29.0046.7%13.2%32.6%26.2%44.5%5.9%-1.0%1.7M-549.9K-678.6K1.0912.16N/AN/A2,1572,35495,86079,139
2019-04-12$28.31$29.0046.0%13.1%32.6%25.1%45.8%4.8%-0.2%1.5M3.3M-673.2K1.5613.58N/AN/A2,6834,19296,46679,783
2019-04-15$27.72$29.0047.0%13.4%31.7%26.7%47.2%5.4%-1.7%1.1M19.6M-623.1K1.0611.41N/AN/A4,3074,55894,40677,922
2019-04-16$27.73$29.0046.0%13.1%31.7%25.1%45.2%4.2%-1.4%1.0M21.0M-617.9K0.909.43N/AN/A2,8882,60895,91479,434
2019-04-17$27.72$28.0043.0%12.3%31.3%37.9%42.8%3.6%0.7%896.9K24.0M-597.2K1.1523.71N/AN/A17,69820,42096,88780,835
2019-04-18$26.71$28.0037.6%10.8%32.7%21.9%36.4%3.6%0.3%-1.1M84.3M-573.6K1.2411.31N/AN/A17,68021,952109,34896,472
2019-04-22$28.08$28.0036.5%10.5%35.1%18.7%36.0%4.9%-0.3%1.1M2.3M-607.7K0.1724.02N/AN/A10,6811,81980,10664,327
2019-04-23$28.44$28.0035.1%10.0%35.2%14.5%34.9%3.9%-0.7%2.1M-12.0M-621.1K0.7713.84N/AN/A3,8582,98384,17364,775
2019-04-24$28.20$28.0036.3%10.2%34.6%18.1%32.9%4.5%-1.2%1.7M-4.8M-613.0K0.9612.05N/AN/A2,2322,14684,94265,573
2019-04-25$27.24$28.0037.0%10.9%36.3%20.1%37.6%4.8%-0.9%-84.1K23.9M-575.4K1.5210.26N/AN/A2,5823,91985,36766,178
2019-04-26$26.89$28.0037.0%10.8%36.5%20.1%38.3%3.9%-0.3%-691.2K30.8M-556.2K4.638.80N/AN/A3,09814,35785,68466,462
2019-04-29$26.72$28.0038.3%11.3%36.4%23.9%40.1%4.7%-0.3%-341.9K28.6M-525.4K0.619.75N/AN/A2,0921,28683,38059,217
2019-04-30$26.55$28.0037.2%11.0%32.7%20.8%38.8%4.5%0.0%-681.2K32.9M-509.3K0.667.24N/AN/A3,0822,02884,38959,694