AA Options History — August 2020

In August 2020, AA traded between $13.65 and $15.61. ATM implied volatility averaged 57.6%, placing in the 13.0% IV rank vs the trailing year. The 30-day expected move averaged 16.2%. IV traded above realized volatility by 4.2% (HV 20d: 53.4%). Max pain ranged from $11.00 to $13.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.42.

Notable Days

  • 2020-08-10: Highest Volume — 24,387 contracts
  • 2020-08-07: Largest IV drop — 6.3% change
  • 2020-08-05: Highest IV Rank — 15.9%
  • 2020-08-11: Largest Expected Move — 17.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.78$13.65$15.61$13.65$14.72
Max Pain$11.57$11.00$13.00$12.00$13.00
ATM IV57.6%52.8%62.4%61.9%60.1%
Expected Move16.2%14.9%17.6%17.4%16.3%
HV 20d53.4%49.2%61.0%59.0%50.1%
HV 60d74.7%67.7%82.2%82.2%67.8%
IV Rank13.0%10.3%15.9%15.6%14.6%
IV Percentile54.5%48.0%60.3%60.3%57.5%
Term Structure0.8%-2.6%16.9%-1.8%-0.2%
VWIV56.9%51.9%62.4%60.4%56.5%
Skew 25d4.0%-17.0%7.5%4.7%7.4%
Skew 10d9.5%-11.9%21.0%13.2%10.1%
Call IV 25d56.7%52.2%83.1%59.9%56.6%
Put IV 25d60.7%56.4%66.1%64.5%64.0%
Bid-Ask Spread %5.903.5516.904.355.01
Gamma HHI0.270.100.490.220.10
Net GEX1.1M100.3K2.3M971.2K704.7K
Net DEX-30.8M-55.4M-17.0M-20.9M-17.9M
Net VEX-399.1K-435.2K-377.4K-381.8K-397.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.151.980.490.36
Total Volume8,165.9053,34424,3879,1076,633
Total OI175,761.429158,133184,813173,163167,157

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-03$13.65$12.0061.9%17.4%59.0%15.6%60.4%4.7%-1.8%971.2K-20.9M-381.8K0.494.35N/AN/A6,0923,01599,71473,449
2020-08-04$13.69$12.0061.4%17.2%58.2%15.3%60.6%6.6%-1.6%976.7K-21.6M-385.3K0.244.90N/AN/A2,743664100,49775,113
2020-08-05$14.65$12.0062.4%16.5%61.0%15.9%59.1%4.3%-0.9%1.4M-40.8M-411.2K0.305.83N/AN/A11,5853,433101,96875,479
2020-08-06$14.90$11.0061.6%16.6%55.8%15.4%60.0%-17.0%16.9%1.8M-46.7M-419.1K0.3916.90N/AN/A8,7093,409104,94276,378
2020-08-07$14.64$11.0057.7%16.6%53.6%13.1%59.7%7.5%-0.5%1.6M-39.7M-413.0K0.4116.80N/AN/A3,4831,445105,43178,107
2020-08-10$15.61$11.0060.0%17.0%56.6%14.5%61.1%4.6%-0.2%1.2M-55.4M-435.2K0.284.41N/AN/A19,0155,37299,87975,758
2020-08-11$14.93$11.0060.5%17.6%54.7%14.7%62.4%3.7%2.5%1.0M-36.8M-419.7K0.215.50N/AN/A7,1071,514100,45779,571
2020-08-12$14.93$11.0058.6%16.9%54.8%13.6%58.7%6.0%0.3%1.2M-36.6M-417.2K0.325.28N/AN/A5,2431,665101,73179,801
2020-08-13$14.45$11.0058.7%17.1%52.9%13.7%58.5%5.6%0.7%1.0M-23.9M-398.7K0.254.48N/AN/A3,548870102,50080,599
2020-08-14$14.62$11.0056.1%16.0%50.6%12.2%57.1%4.9%-1.1%1.0M-27.4M-394.3K1.984.01N/AN/A2,3104,566102,43580,804
2020-08-17$14.43$11.0055.6%16.0%50.6%11.9%54.9%4.4%-0.2%1.4M-22.9M-382.3K0.323.55N/AN/A3,8121,23898,16479,140
2020-08-18$14.78$11.0054.9%15.8%50.1%11.5%55.0%3.5%-2.0%1.9M-31.6M-391.7K0.164.45N/AN/A3,31851599,33480,013
2020-08-19$15.31$11.0053.9%15.4%50.9%10.9%54.4%3.8%0.9%2.2M-46.7M-402.4K0.285.22N/AN/A17,5184,933100,47180,193
2020-08-20$15.22$12.0055.3%15.8%49.2%11.7%54.9%5.2%1.5%2.3M-40.4M-399.7K0.275.44N/AN/A2,631713101,80682,904
2020-08-21$14.56$12.0052.8%15.0%52.7%10.3%52.8%5.1%2.2%100.3K-17.0M-377.4K0.294.89N/AN/A5,6721,633101,62383,190
2020-08-24$15.10$12.0055.2%15.2%52.6%11.7%53.8%4.7%-2.6%469.5K-21.8M-385.3K0.224.36N/AN/A6,1271,32883,14074,993
2020-08-25$15.06$12.0054.1%14.9%52.0%11.0%51.9%6.4%2.3%627.1K-23.2M-391.8K0.154.95N/AN/A3,45351187,10475,702
2020-08-26$15.07$12.0055.4%15.8%51.8%11.8%53.3%2.9%-0.6%695.6K-25.7M-392.4K0.333.90N/AN/A3,5551,18489,30375,878
2020-08-27$14.86$12.0055.4%15.5%52.2%11.8%54.5%4.2%0.7%649.9K-21.1M-390.9K0.325.00N/AN/A3,3011,04190,56376,529
2020-08-28$15.15$12.0057.1%15.8%51.4%12.8%55.2%6.5%0.6%727.2K-28.0M-395.4K1.244.71N/AN/A2,9323,64891,98877,182
2020-08-31$14.72$13.0060.1%16.3%50.1%14.6%56.5%7.4%-0.2%704.7K-17.9M-397.5K0.365.01N/AN/A4,8611,77289,50077,657