AA Options History — June 2020

In June 2020, AA traded between $9.55 and $12.93. ATM implied volatility averaged 76.9%, placing in the 24.9% IV rank vs the trailing year. The 30-day expected move averaged 22.0%. IV traded below realized volatility by 18.1% (HV 20d: 94.9%). Max pain ranged from $8.00 to $13.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.76.

Notable Days

  • 2020-06-08: Highest Volume — 42,599 contracts
  • 2020-06-05: Largest IV spike — 18.6% change
  • 2020-06-15: Highest IV Rank — 30.0%
  • 2020-06-12: Largest Expected Move — 24.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.43$9.55$12.93$9.55$11.34
Max Pain$12.32$8.00$13.00$8.00$13.00
ATM IV76.9%66.8%85.6%70.1%76.4%
Expected Move22.0%18.4%24.9%21.2%22.5%
HV 20d94.9%88.2%108.0%88.2%97.2%
HV 60d102.9%87.5%125.3%125.3%89.0%
IV Rank24.9%19.1%30.0%21.0%24.6%
IV Percentile81.2%74.2%86.9%75.8%78.6%
Term Structure-0.8%-5.6%4.0%-1.5%-0.5%
VWIV77.8%67.4%85.6%74.5%78.8%
Skew 25d8.4%3.9%13.7%8.9%11.0%
Skew 10d20.1%-18.9%41.4%33.1%31.4%
Call IV 25d73.4%62.2%81.9%64.5%72.6%
Put IV 25d81.8%69.6%91.1%73.4%83.6%
Bid-Ask Spread %18.758.8139.8912.8221.12
Gamma HHI0.180.090.460.460.10
Net GEX297.6K-604.7K595.7K383.6K269.2K
Net DEX-5.8M-33.9M15.0M10.5M10.3M
Net VEX-362.6K-427.6K-274.1K-274.1K-346.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.151.741.740.15
Total Volume10,681.7732,09642,5996,9733,916
Total OI212,965.864193,086233,136193,670205,477

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-06-01$9.55$8.0070.1%21.2%88.2%21.0%74.5%8.9%-1.5%383.6K10.5M-274.1K1.7412.82N/AN/A2,5444,429110,49483,176
2020-06-02$9.86$8.0069.2%19.6%88.4%20.5%72.6%11.4%-2.2%408.2K5.2M-288.5K1.2911.92N/AN/A3,8754,989111,27887,029
2020-06-03$10.85$8.0066.8%18.8%92.9%19.1%67.9%6.4%-1.7%564.4K-8.8M-312.6K1.1814.08N/AN/A7,4088,747111,14190,517
2020-06-04$11.60$13.0067.3%18.4%94.1%19.4%75.0%10.3%-1.4%405.2K-18.5M-345.1K0.9312.00N/AN/A12,32811,524110,63396,352
2020-06-05$11.98$13.0079.8%19.5%92.3%26.6%71.5%3.9%3.5%348.8K-23.1M-364.5K0.3311.30N/AN/A22,3357,378110,664102,767
2020-06-08$12.93$13.0073.1%19.9%92.6%22.7%67.4%7.8%-2.0%280.6K-33.9M-407.1K0.2412.81N/AN/A34,3848,215112,51488,012
2020-06-09$12.61$13.0074.6%20.3%92.4%23.6%74.3%7.1%-3.1%183.3K-26.5M-427.6K0.708.81N/AN/A3,2562,268128,02799,019
2020-06-10$12.19$13.0074.8%21.7%89.4%23.7%75.3%5.4%1.8%24.4K-19.5M-406.3K0.4212.84N/AN/A4,2151,779128,90799,985
2020-06-11$10.45$13.0082.2%24.0%106.7%28.0%82.3%10.5%4.0%355.9K14.5M-337.9K0.6621.99N/AN/A8,4235,569129,275100,727
2020-06-12$11.44$13.0084.3%24.9%108.0%29.2%83.8%7.5%3.3%509.3K-7.8M-386.6K0.5014.27N/AN/A5,3922,693133,055100,081
2020-06-15$11.41$13.0085.6%24.7%107.2%30.0%84.3%8.2%-5.6%595.7K-12.0M-380.9K0.6724.46N/AN/A3,4872,344130,17690,253
2020-06-16$11.51$13.0082.2%23.5%94.4%28.0%82.8%5.6%-0.1%566.0K-14.9M-382.8K1.3727.19N/AN/A3,5144,804132,01391,889
2020-06-17$11.64$13.0079.8%22.9%94.1%26.6%81.8%6.2%-3.3%241.9K-16.3M-385.8K0.5524.83N/AN/A1,353743133,04395,539
2020-06-18$11.65$13.0080.1%23.0%93.0%26.8%77.9%9.4%-1.8%177.2K-14.0M-379.5K0.7716.72N/AN/A2,9532,272131,93395,709
2020-06-19$11.59$13.0077.4%22.0%93.0%25.2%76.3%9.3%2.7%-604.7K-12.2M-374.3K0.5621.85N/AN/A2,8071,572132,91297,231
2020-06-22$11.86$13.0076.9%21.8%92.6%24.9%77.6%8.5%-1.0%362.8K640.0K-376.7K1.0723.81N/AN/A2,3222,491111,43381,653
2020-06-23$12.20$13.0075.5%21.9%91.0%24.1%75.0%4.1%-1.2%464.7K-4.1M-387.2K0.9218.57N/AN/A8,8908,148112,42882,322
2020-06-24$11.18$13.0072.7%23.2%92.8%22.5%81.5%6.6%-0.7%252.5K10.6M-357.3K0.9020.92N/AN/A3,9283,549116,93087,670
2020-06-25$11.76$13.0077.2%22.7%93.5%25.1%81.4%11.2%-1.0%446.3K3.3M-382.7K0.3020.21N/AN/A4,0441,226118,63790,024
2020-06-26$10.97$13.0082.1%23.9%97.1%28.0%83.0%12.4%-3.0%148.7K14.1M-340.9K0.8439.89N/AN/A2,1461,808120,99690,208
2020-06-29$10.91$13.0082.7%24.4%97.0%28.3%85.6%13.7%-2.3%163.1K15.0M-331.3K0.5420.19N/AN/A3,2031,728115,59487,526
2020-06-30$11.34$13.0076.4%22.5%97.2%24.6%78.8%11.0%-0.5%269.2K10.3M-346.5K0.1521.12N/AN/A3,410506117,06588,412