AA Options History — May 2019

In May 2019, AA traded between $21.10 and $26.62. ATM implied volatility averaged 38.9%, placing in the 25.8% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded above realized volatility by 7.1% (HV 20d: 31.8%). Max pain ranged from $25.00 to $28.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 1.51.

Notable Days

  • 2019-05-14: Highest Volume — 22,666 contracts
  • 2019-05-07: Largest IV spike — 12.2% change
  • 2019-05-31: Highest IV Rank — 39.9%
  • 2019-05-31: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.33$21.10$26.62$26.20$21.10
Max Pain$26.27$25.00$28.00$28.00$25.00
ATM IV38.9%34.4%43.7%35.2%43.7%
Expected Move11.2%10.0%12.8%10.3%12.8%
HV 20d31.8%26.5%34.7%31.4%32.9%
HV 60d35.4%34.6%36.7%36.4%35.3%
IV Rank25.8%12.4%39.9%15.0%39.9%
IV Percentile36.6%7.9%68.7%13.9%68.7%
Term Structure0.2%-1.1%1.7%1.7%-0.9%
VWIV38.3%34.3%43.6%36.1%43.6%
Skew 25d4.8%3.5%7.4%3.9%4.5%
Skew 10d9.1%3.1%17.8%6.1%9.4%
Call IV 25d36.6%31.7%42.0%33.2%42.0%
Put IV 25d41.4%36.3%46.5%37.0%46.5%
Bid-Ask Spread %11.358.0015.2612.9811.11
Gamma HHI0.190.110.420.270.13
Net GEX-1.2M-2.2M-645.6K-1.3M-645.6K
Net DEX57.3M25.3M71.5M39.8M65.5M
Net VEX-446.1K-505.7K-329.9K-498.5K-329.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.510.334.902.370.93
Total Volume7,669.8183,41022,66610,7458,282
Total OI140,429.091117,212169,019146,495119,615

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$26.20$28.0035.2%10.3%31.4%15.0%36.1%3.9%1.7%-1.3M39.8M-498.5K2.3712.98N/AN/A3,1857,56086,08960,406
2019-05-02$25.89$28.0035.0%10.0%31.4%14.4%35.0%3.8%0.1%-1.6M41.9M-481.6K1.0910.36N/AN/A2,9673,22787,84958,250
2019-05-03$26.62$28.0034.4%10.0%31.7%12.4%34.5%4.6%-0.1%-861.8K25.3M-505.7K0.8311.65N/AN/A4,4193,65988,48758,262
2019-05-06$25.93$27.0037.4%10.7%32.3%21.4%40.1%6.9%0.1%-1.4M41.1M-472.9K2.3915.26N/AN/A2,3655,65387,26157,614
2019-05-07$25.14$27.0042.0%11.9%33.1%34.8%40.6%4.6%-1.1%-1.4M54.2M-470.9K2.3312.71N/AN/A2,6076,08288,57260,586
2019-05-08$24.74$27.0042.4%11.9%33.0%35.9%41.5%3.9%0.3%-1.7M66.0M-456.0K1.2812.46N/AN/A2,5393,25789,84464,168
2019-05-09$24.86$27.0041.1%11.7%33.3%32.2%40.6%7.2%0.4%-1.8M64.7M-465.8K0.959.27N/AN/A3,7223,54390,56065,063
2019-05-10$25.05$27.0039.1%11.5%33.2%26.2%39.6%4.2%1.4%-1.1M59.1M-472.9K1.059.02N/AN/A1,6611,74992,47365,978
2019-05-13$24.46$27.0042.8%12.5%33.7%37.3%41.0%5.9%0.7%-1.5M69.4M-435.5K0.339.14N/AN/A5,3761,79789,00463,010
2019-05-14$24.97$25.0039.5%11.4%34.7%27.5%38.5%3.5%0.0%-1.8M57.6M-465.8K2.8114.23N/AN/A5,95616,71093,40663,303
2019-05-15$25.01$26.0038.4%10.8%34.7%24.3%37.9%5.0%-0.9%-2.2M71.5M-502.8K1.2611.70N/AN/A1,7492,20796,80572,214
2019-05-16$24.98$26.0035.2%10.3%34.7%15.0%35.7%3.8%0.4%-875.8K62.3M-497.4K4.909.94N/AN/A1,6147,90797,16267,738
2019-05-17$24.56$26.0035.4%10.2%33.0%15.6%34.3%4.8%0.4%-969.8K65.9M-472.4K1.439.99N/AN/A3,6885,27897,37067,091
2019-05-20$24.04$26.0037.8%10.8%26.5%22.6%36.3%4.1%0.7%-1.0M54.9M-446.6K1.209.48N/AN/A3,0733,69458,97158,241
2019-05-21$24.70$26.0036.5%10.5%28.4%18.6%34.8%6.3%0.2%-971.0K47.1M-474.7K0.8111.67N/AN/A3,4062,74460,42060,451
2019-05-22$24.26$26.0036.6%10.5%28.7%19.1%35.8%4.2%0.9%-1.2M52.2M-463.0K1.3511.21N/AN/A2,1122,86161,99860,544
2019-05-23$23.20$26.0040.3%11.5%30.1%29.8%40.4%5.1%-0.1%-1.3M65.2M-410.5K1.538.00N/AN/A3,1754,85362,64759,603
2019-05-24$23.05$25.0039.6%11.2%30.1%27.9%37.6%4.5%0.6%-788.0K65.6M-411.0K1.5912.40N/AN/A2,9074,63363,96660,003
2019-05-28$22.51$25.0040.5%11.4%30.6%30.5%38.8%5.0%0.2%-940.4K63.6M-371.7K0.7112.42N/AN/A2,1911,56461,62656,048
2019-05-29$22.47$25.0040.8%11.8%30.7%31.4%40.4%7.4%-0.8%-861.5K60.7M-372.2K1.0511.91N/AN/A2,8813,02262,65055,390
2019-05-30$21.62$25.0042.0%12.2%32.5%35.0%40.5%3.8%-0.6%-767.0K66.0M-336.0K0.9712.81N/AN/A3,4823,37963,73354,969
2019-05-31$21.10$25.0043.7%12.8%32.9%39.9%43.6%4.5%-0.9%-645.6K65.5M-329.9K0.9311.11N/AN/A4,2923,99065,08054,535