AA Options History — October 2020

In October 2020, AA traded between $11.34 and $13.64. ATM implied volatility averaged 63.3%, placing in the 16.4% IV rank vs the trailing year. The 30-day expected move averaged 18.3%. IV traded above realized volatility by 10.9% (HV 20d: 52.4%). Max pain ranged from $11.00 to $13.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.32.

Notable Days

  • 2020-10-15: Highest Volume — 21,347 contracts
  • 2020-10-28: Largest IV spike — 11.1% change
  • 2020-10-06: Highest IV Rank — 19.6%
  • 2020-10-01: Largest Expected Move — 20.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.63$11.34$13.64$11.34$12.86
Max Pain$12.82$11.00$13.00$11.00$13.00
ATM IV63.3%57.3%68.8%68.4%65.2%
Expected Move18.3%16.1%20.7%20.7%20.2%
HV 20d52.4%46.1%61.5%46.1%49.2%
HV 60d49.7%47.4%53.5%53.5%48.5%
IV Rank16.4%12.9%19.6%19.4%17.5%
IV Percentile52.8%40.9%63.1%62.7%56.0%
Term Structure-0.7%-8.0%1.8%1.1%-0.1%
VWIV63.8%56.9%72.3%71.9%70.6%
Skew 25d7.0%4.2%10.2%8.2%10.1%
Skew 10d6.3%-61.5%16.8%13.1%13.0%
Call IV 25d60.3%54.9%66.2%64.2%62.0%
Put IV 25d67.4%61.2%73.3%72.4%72.1%
Bid-Ask Spread %5.433.9110.257.294.51
Gamma HHI0.220.170.290.230.20
Net GEX605.4K161.4K1.1M161.4K269.9K
Net DEX2.0M-13.2M18.0M18.0M7.9M
Net VEX-335.2K-352.9K-308.7K-308.7K-333.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.320.170.660.170.19
Total Volume8,901.0452,57521,3477,36010,488
Total OI192,801.318167,023221,530204,030175,968

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-10-01$11.34$11.0068.4%20.7%46.1%19.4%71.9%8.2%1.1%161.4K18.0M-308.7K0.177.29N/AN/A6,3051,055120,12583,905
2020-10-02$11.85$11.0067.7%20.5%49.7%18.9%72.3%8.9%0.1%322.6K10.2M-335.9K0.225.30N/AN/A7,7941,752122,61984,455
2020-10-05$11.97$13.0067.1%19.3%49.6%18.6%67.7%8.0%-0.5%418.7K7.4M-337.7K0.234.61N/AN/A7,3191,659118,77582,833
2020-10-06$11.76$13.0068.8%19.5%49.6%19.6%67.1%7.1%-1.0%433.0K10.2M-321.5K0.315.59N/AN/A8,3352,550122,25683,856
2020-10-07$12.28$13.0065.7%19.5%53.0%17.8%64.7%9.0%0.0%602.5K2.6M-344.0K0.266.99N/AN/A3,284842123,50385,246
2020-10-08$12.69$13.0066.2%18.8%54.5%18.1%64.4%6.6%-0.6%777.1K-5.1M-351.3K0.234.61N/AN/A6,7601,588124,47385,679
2020-10-09$12.61$13.0065.3%18.4%54.3%17.6%63.9%4.8%-0.7%877.7K-4.1M-347.5K0.275.96N/AN/A6,7141,831125,44485,946
2020-10-12$12.59$13.0065.7%18.6%54.2%17.8%64.9%7.1%-1.1%709.9K-2.0M-340.6K0.205.35N/AN/A6,8791,377117,75284,649
2020-10-13$12.69$13.0065.0%18.3%54.4%17.4%65.0%8.1%-1.1%814.4K-6.1M-343.1K0.526.99N/AN/A6,7343,472120,75385,274
2020-10-14$13.11$13.0064.7%18.0%55.9%17.2%62.7%6.0%-0.9%923.5K-13.2M-352.3K0.238.77N/AN/A13,7553,230120,89987,947
2020-10-15$12.20$13.0062.2%16.8%60.1%15.8%58.3%4.7%-8.0%594.6K8.9M-308.7K0.513.91N/AN/A14,1107,237130,05689,674
2020-10-16$12.59$13.0057.3%16.1%61.5%12.9%56.9%6.3%-1.3%1.1M-1.5M-323.5K0.304.68N/AN/A8,3382,520131,59189,939
2020-10-19$12.69$13.0059.8%17.2%52.8%14.4%59.5%4.8%-1.6%541.0K4.8M-319.0K0.194.88N/AN/A9,3541,80895,01872,005
2020-10-20$12.82$13.0059.3%17.0%52.9%14.1%59.3%5.1%-2.0%620.5K3.0M-324.7K0.663.97N/AN/A4,5112,99197,76573,220
2020-10-21$13.43$13.0059.4%17.0%51.4%14.1%59.0%5.6%-1.1%826.5K-7.7M-352.9K0.303.98N/AN/A8,2042,44398,91475,829
2020-10-22$13.64$13.0058.8%16.9%51.5%13.8%59.7%5.9%-0.1%944.9K-9.7M-352.5K0.274.40N/AN/A5,1871,39998,79177,001
2020-10-23$13.56$13.0058.1%16.7%51.1%13.4%59.1%4.2%-0.7%1.0M-9.3M-350.2K0.294.07N/AN/A5,6571,64699,80477,527
2020-10-26$13.01$13.0060.3%17.7%50.4%14.6%61.4%7.3%1.3%425.1K4.4M-337.1K0.444.56N/AN/A3,4051,50193,55477,986
2020-10-27$13.11$13.0059.3%17.4%47.6%14.1%60.1%7.0%1.8%451.4K3.7M-337.8K0.214.52N/AN/A2,12345293,59878,968
2020-10-28$12.43$13.0065.9%19.8%51.8%17.9%71.3%9.4%0.1%234.4K13.1M-320.2K0.3710.25N/AN/A3,8481,43794,02079,224
2020-10-29$12.72$13.0062.0%18.7%51.1%15.7%64.4%10.2%0.6%284.6K8.4M-332.0K0.584.33N/AN/A2,4891,44094,98679,802
2020-10-30$12.86$13.0065.2%20.2%49.2%17.5%70.6%10.1%-0.1%269.9K7.9M-333.0K0.194.51N/AN/A8,8371,65195,00980,959