AA Options History — August 2019

In August 2019, AA traded between $16.76 and $21.32. ATM implied volatility averaged 44.9%, placing in the 37.4% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded below realized volatility by 0.9% (HV 20d: 45.8%). Max pain ranged from $21.00 to $23.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.88.

Notable Days

  • 2019-08-07: Highest Volume — 9,008 contracts
  • 2019-08-14: Largest IV spike — 17.2% change
  • 2019-08-15: Highest IV Rank — 55.4%
  • 2019-08-15: Largest Expected Move — 14.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.55$16.76$21.32$21.32$17.88
Max Pain$21.80$21.00$23.00$23.00$21.00
ATM IV44.9%38.3%50.4%38.3%42.8%
Expected Move12.8%11.7%14.3%11.7%12.1%
HV 20d45.8%32.6%55.4%34.7%54.6%
HV 60d38.1%33.0%41.3%33.0%41.2%
IV Rank37.4%16.5%55.4%16.5%29.4%
IV Percentile63.5%21.4%88.9%21.4%48.8%
Term Structure-0.1%-1.8%2.2%0.6%0.0%
VWIV43.9%40.3%49.0%40.3%41.6%
Skew 25d3.9%1.9%5.9%3.4%3.7%
Skew 10d6.9%-3.9%12.9%7.9%5.0%
Call IV 25d43.0%37.0%48.6%37.0%42.4%
Put IV 25d47.0%40.4%52.7%40.4%46.2%
Bid-Ask Spread %12.217.5814.9014.0212.79
Gamma HHI0.300.140.470.430.16
Net GEX686.8K45.8K1.6M1.6M736.3K
Net DEX49.0M24.5M68.2M24.5M32.3M
Net VEX-429.9K-595.5K-319.6K-595.5K-359.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.162.481.021.16
Total Volume5,040.8181,8379,0086,9843,191
Total OI190,215.682182,999204,331183,747186,285

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-08-01$21.32$23.0038.3%11.7%34.7%16.5%40.3%3.4%0.6%1.6M24.5M-595.5K1.0214.02N/AN/A3,4503,534120,45363,294
2019-08-02$20.69$22.5040.7%12.4%34.7%24.2%41.4%4.3%-0.8%1.3M37.2M-564.9K0.6411.93N/AN/A3,1371,999120,99364,257
2019-08-05$20.24$23.0047.0%12.8%33.4%44.8%44.7%5.9%-1.0%1.1M42.7M-532.0K0.5213.34N/AN/A4,4292,303119,23063,769
2019-08-06$19.84$23.0045.4%12.7%33.9%39.5%43.7%4.2%0.4%962.1K44.0M-516.0K0.1612.10N/AN/A5,783917121,67264,149
2019-08-07$19.59$23.0047.0%13.0%32.6%44.6%45.7%5.5%-1.8%1.0M45.7M-510.7K1.1014.69N/AN/A4,2984,710125,76764,257
2019-08-08$20.16$23.0042.4%12.0%35.0%29.2%41.3%5.3%-0.6%1.4M35.5M-561.4K0.7014.49N/AN/A1,9151,349129,25067,042
2019-08-09$19.32$22.0043.1%12.3%37.2%31.5%41.3%3.6%0.3%856.5K52.0M-485.8K0.4914.06N/AN/A3,0721,502129,99566,558
2019-08-12$18.59$22.0044.5%12.7%36.6%36.3%43.3%3.9%0.3%581.0K57.9M-432.7K0.6710.52N/AN/A3,2252,168128,07765,145
2019-08-13$19.18$22.0042.5%11.9%39.0%29.6%40.8%4.2%-1.5%797.8K50.1M-484.7K0.3514.90N/AN/A4,3401,531130,51766,162
2019-08-14$17.56$22.0049.8%14.0%47.9%53.4%48.1%1.9%-1.0%406.1K64.4M-388.1K1.3614.24N/AN/A3,2374,387132,99266,244
2019-08-15$16.85$22.0050.4%14.3%48.0%55.4%48.9%4.4%-0.1%251.2K68.2M-334.7K2.487.58N/AN/A2,0225,011135,26766,107
2019-08-16$17.55$22.0047.2%13.2%52.0%44.9%46.0%4.6%-1.7%445.1K64.9M-372.1K0.699.32N/AN/A2,2191,537135,86768,464
2019-08-19$18.21$21.0043.1%12.3%55.1%31.6%42.4%4.6%2.2%564.1K50.0M-408.4K0.3114.15N/AN/A3,6071,107121,51163,273
2019-08-20$18.37$21.0042.5%12.2%55.4%29.6%42.2%4.1%1.4%681.2K47.9M-406.0K1.339.04N/AN/A1,3161,755122,82563,374
2019-08-21$18.52$21.0042.5%12.2%54.2%29.6%41.9%3.7%1.5%778.4K44.9M-424.6K0.8011.95N/AN/A2,3951,924123,38164,030
2019-08-22$18.05$21.0043.3%12.4%53.9%32.2%42.8%3.4%0.9%649.1K50.5M-384.2K1.0612.09N/AN/A890947124,53962,808
2019-08-23$17.47$21.0046.9%13.4%53.4%43.9%47.8%4.7%0.4%264.2K57.0M-358.4K0.7314.38N/AN/A2,5221,845124,78564,338
2019-08-26$17.12$21.0048.3%13.8%53.2%48.4%49.0%2.1%-0.7%130.3K58.5M-343.4K1.458.93N/AN/A1,2111,754122,21265,092
2019-08-27$16.76$21.0048.2%13.6%53.1%48.0%47.3%2.2%-0.6%45.8K62.2M-319.6K0.6411.00N/AN/A1,6881,072123,68966,316
2019-08-28$17.05$21.0048.1%13.2%54.4%46.9%41.4%2.3%-0.4%120.2K52.7M-322.9K1.2712.17N/AN/A2,7593,514124,44261,884
2019-08-29$17.80$21.0044.0%12.4%55.0%33.4%43.1%4.7%-0.2%472.6K35.1M-353.4K0.4310.86N/AN/A3,7241,602126,42758,006
2019-08-30$17.88$21.0042.8%12.1%54.6%29.4%41.6%3.7%0.0%736.3K32.3M-359.0K1.1612.79N/AN/A1,4761,715128,90057,385