AA Options History — July 2019

In July 2019, AA traded between $22.19 and $23.55. ATM implied volatility averaged 40.6%, placing in the 23.8% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded above realized volatility by 10.8% (HV 20d: 29.7%). Max pain ranged from $22.00 to $24.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.60.

Notable Days

  • 2019-07-19: Highest Volume — 28,356 contracts
  • 2019-07-18: Largest IV drop — 12.3% change
  • 2019-07-09: Highest IV Rank — 44.0%
  • 2019-07-03: Largest Expected Move — 14.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.94$22.19$23.55$22.87$22.68
Max Pain$22.70$22.00$24.00$24.00$23.00
ATM IV40.6%34.0%46.8%45.5%36.2%
Expected Move11.7%9.5%14.5%14.3%10.2%
HV 20d29.7%27.9%33.3%31.2%28.5%
HV 60d32.4%30.9%34.1%32.2%31.2%
IV Rank23.8%2.5%44.0%39.6%9.8%
IV Percentile40.5%2.0%77.4%69.8%12.7%
Term Structure-0.6%-2.1%1.3%-0.5%-1.6%
VWIV40.3%32.9%51.3%51.3%35.3%
Skew 25d3.6%1.3%6.9%2.8%1.3%
Skew 10d8.4%-0.7%17.5%3.6%-0.7%
Call IV 25d38.8%32.2%45.0%45.0%34.9%
Put IV 25d42.4%34.7%50.1%47.8%36.2%
Bid-Ask Spread %10.997.9916.958.9911.61
Gamma HHI0.370.270.480.270.43
Net GEX2.9M1.7M6.3M1.7M2.5M
Net DEX-23.9M-47.5M1.4M-8.7M-11.5M
Net VEX-699.9K-743.2K-629.8K-634.2K-681.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.101.340.490.47
Total Volume10,292.3642,50928,3566,1224,555
Total OI196,194.409173,786228,155179,842181,950

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$22.87$24.0045.5%14.3%31.2%39.6%51.3%2.8%-0.5%1.7M-8.7M-634.2K0.498.99N/AN/A4,0952,027114,29165,551
2019-07-02$23.29$24.0045.1%14.0%30.6%38.3%49.3%2.9%-0.8%2.0M-21.0M-652.1K0.108.56N/AN/A11,0281,128116,36065,693
2019-07-03$22.68$24.0045.7%14.5%29.7%40.3%48.1%3.1%-2.1%2.0M-9.3M-655.2K0.128.57N/AN/A8,8381,060124,01965,996
2019-07-05$23.16$23.0046.4%12.8%30.1%42.8%43.9%6.9%-1.3%2.4M-30.1M-684.1K0.3116.95N/AN/A4,3661,336129,09366,455
2019-07-08$22.34$23.0046.7%13.1%33.1%43.5%44.3%3.0%-0.7%2.0M-1.3M-629.8K0.6613.08N/AN/A5,0453,328126,53565,495
2019-07-09$22.19$23.0046.8%13.1%32.7%44.0%44.1%4.7%-0.6%2.0M1.4M-652.5K0.3311.74N/AN/A14,6824,903130,26167,472
2019-07-10$22.62$22.0044.5%12.5%33.3%36.4%42.9%3.8%-1.6%2.9M-23.2M-739.9K0.3912.02N/AN/A8,3963,293144,87570,378
2019-07-11$22.53$22.0044.3%12.4%30.1%35.9%43.7%4.4%-1.5%2.8M-16.2M-713.3K0.569.54N/AN/A6,6933,748142,09970,662
2019-07-12$22.60$22.0043.6%12.2%28.7%33.8%42.5%3.5%-1.0%2.7M-21.7M-716.9K1.0511.48N/AN/A2,7612,893143,94870,693
2019-07-15$23.18$22.0043.9%12.4%29.7%34.6%42.3%5.0%-0.3%3.2M-39.9M-729.5K0.948.22N/AN/A3,0132,835142,29469,628
2019-07-16$23.38$22.0043.6%12.5%29.7%33.8%42.3%4.4%-1.6%3.5M-47.5M-732.0K0.5110.72N/AN/A11,4575,813143,78270,726
2019-07-17$23.12$22.0043.1%12.3%27.9%31.9%42.9%3.6%-0.4%3.3M-33.6M-730.2K0.5612.12N/AN/A13,6607,586151,36274,112
2019-07-18$23.36$22.0037.8%10.8%27.9%14.8%37.8%2.4%-0.5%6.3M-46.0M-724.2K0.5612.69N/AN/A15,3448,549148,95774,590
2019-07-19$23.20$22.0036.0%10.2%28.1%9.1%34.9%3.9%1.0%5.4M-38.3M-720.3K1.3413.50N/AN/A12,11716,239150,30277,853
2019-07-22$22.98$22.0035.1%10.2%28.3%6.2%35.2%2.8%-0.1%2.6M-21.6M-712.7K0.3010.31N/AN/A4,2451,287114,54059,246
2019-07-23$22.94$22.5035.5%10.2%28.1%7.6%34.4%4.0%-0.4%2.7M-22.7M-712.7K0.487.99N/AN/A5,2512,505115,64759,683
2019-07-24$23.55$23.0034.3%9.9%29.2%3.7%33.9%3.3%1.3%3.1M-42.3M-743.2K0.7012.10N/AN/A2,9082,049117,38960,952
2019-07-25$22.80$23.0034.0%9.7%29.4%2.5%34.1%3.1%0.6%2.7M-17.2M-703.2K1.2011.01N/AN/A2,8283,396118,77061,465
2019-07-26$23.16$23.0034.2%9.5%29.7%3.3%32.9%2.5%-0.1%2.9M-28.7M-725.5K1.0310.04N/AN/A2,8642,960119,64363,070
2019-07-29$23.11$23.0035.0%10.1%29.5%5.9%34.8%3.5%-1.1%2.8M-26.2M-710.6K0.339.53N/AN/A1,892617117,31462,125
2019-07-30$22.97$23.0035.1%10.0%29.0%6.2%34.3%4.4%-0.7%2.8M-20.9M-695.5K0.7610.95N/AN/A1,6151,227118,41662,585
2019-07-31$22.68$23.0036.2%10.2%28.5%9.8%35.3%1.3%-1.6%2.5M-11.5M-681.2K0.4711.61N/AN/A3,1001,455118,90863,042