AA Options History — November 2020

In November 2020, AA traded between $13.24 and $20.76. ATM implied volatility averaged 56.2%, placing in the 12.2% IV rank vs the trailing year. The 30-day expected move averaged 16.3%. IV traded below realized volatility by 2.0% (HV 20d: 58.2%). Max pain ranged from $13.00 to $18.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.46.

Notable Days

  • 2020-11-05: Highest Volume — 20,984 contracts
  • 2020-11-04: Largest IV drop — 7.2% change
  • 2020-11-03: Highest IV Rank — 16.2%
  • 2020-11-03: Largest Expected Move — 19.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.12$13.24$20.76$13.62$19.90
Max Pain$14.15$13.00$18.50$13.00$18.50
ATM IV56.2%52.0%63.0%62.6%57.8%
Expected Move16.3%15.0%19.3%18.9%17.3%
HV 20d58.2%52.0%64.0%52.7%56.2%
HV 60d52.9%48.0%55.3%49.9%54.8%
IV Rank12.2%9.8%16.2%16.0%13.2%
IV Percentile34.0%25.4%52.4%52.0%36.9%
Term Structure-0.5%-1.8%1.1%-1.3%1.1%
VWIV58.1%53.9%67.5%67.5%63.3%
Skew 25d5.7%3.1%11.7%10.5%4.5%
Skew 10d14.3%-7.6%67.5%27.3%8.7%
Call IV 25d54.6%49.9%59.0%59.0%56.6%
Put IV 25d60.3%55.6%70.7%69.5%61.1%
Bid-Ask Spread %5.503.969.257.174.64
Gamma HHI0.150.090.270.190.09
Net GEX829.6K455.7K1.8M610.5K455.7K
Net DEX-65.8M-118.4M2.4M-5.0M-92.2M
Net VEX-399.1K-441.0K-330.7K-349.5K-439.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.071.550.170.34
Total Volume11,739.653,69420,9849,95319,469
Total OI186,498.45173,130197,504173,130189,982

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-11-02$13.62$13.0062.6%18.9%52.7%16.0%67.5%10.5%-1.3%610.5K-5.0M-349.5K0.177.17N/AN/A8,5021,45194,00479,126
2020-11-03$13.82$13.0063.0%19.3%52.0%16.2%65.6%11.7%-0.4%624.2K-9.1M-354.2K0.195.96N/AN/A5,2271,01294,00479,126
2020-11-04$13.24$13.0058.5%17.1%53.2%13.6%61.5%10.2%-1.1%731.6K2.4M-330.7K0.466.54N/AN/A2,5371,15797,94779,987
2020-11-05$14.11$13.0059.1%17.1%56.5%14.0%58.3%5.1%0.0%993.8K-15.6M-354.0K0.079.25N/AN/A19,7011,28398,58580,348
2020-11-06$14.49$13.0055.4%16.6%56.8%11.8%56.9%5.4%0.8%1.8M-36.3M-393.2K0.176.17N/AN/A6,3201,049113,30380,393
2020-11-09$15.86$13.0055.0%15.8%63.9%11.6%55.5%5.0%0.5%946.3K-56.1M-400.3K0.297.60N/AN/A10,7153,114106,99378,527
2020-11-10$15.97$13.0056.6%16.4%63.9%12.5%58.9%5.6%0.9%988.1K-56.8M-403.1K1.335.05N/AN/A4,3905,849107,29479,548
2020-11-11$15.74$13.0054.8%15.5%64.0%11.4%55.0%5.6%-1.7%932.6K-50.7M-402.8K0.414.36N/AN/A5,1942,127107,26983,480
2020-11-12$15.56$14.0056.5%16.0%57.1%12.4%56.2%4.3%-0.2%839.6K-42.7M-396.5K0.375.64N/AN/A5,3922,014105,07784,467
2020-11-13$16.61$13.0055.0%15.8%59.8%11.5%57.1%4.3%0.4%855.7K-65.7M-398.3K0.234.29N/AN/A6,7751,563104,86984,332
2020-11-16$17.54$14.0052.5%15.1%61.4%10.1%54.1%3.8%0.1%626.3K-75.8M-381.5K0.173.97N/AN/A12,6882,21299,33382,283
2020-11-17$18.18$14.0055.7%16.0%61.8%12.0%56.0%5.6%-1.1%673.5K-83.1M-393.6K0.154.06N/AN/A15,9152,41598,94583,043
2020-11-18$18.47$14.0055.1%15.8%60.8%11.6%56.8%4.8%-1.8%865.2K-93.2M-416.0K0.488.38N/AN/A9,2144,430106,93284,272
2020-11-19$18.91$14.0054.5%15.7%60.9%11.3%56.4%4.2%-1.5%769.2K-100.1M-419.7K1.554.18N/AN/A4,0606,276108,01186,145
2020-11-20$18.91$15.0052.0%15.0%60.6%9.8%53.9%3.6%-0.4%749.6K-99.2M-422.4K0.914.73N/AN/A5,5875,062108,81488,499
2020-11-23$19.87$15.0052.5%15.3%57.6%10.1%54.4%6.7%-0.2%742.6K-99.4M-412.7K0.614.20N/AN/A7,8914,80499,12881,825
2020-11-24$20.76$14.0055.3%15.9%57.9%11.7%57.4%6.3%-1.6%940.5K-118.4M-431.6K0.384.55N/AN/A11,0404,216102,17583,288
2020-11-25$20.37$15.0055.9%15.8%53.0%12.1%58.9%3.1%-1.3%930.2K-110.8M-440.5K0.675.29N/AN/A10,1166,735105,40785,704
2020-11-27$20.40$18.5056.0%16.4%53.6%12.2%58.1%3.6%-1.0%540.9K-108.7M-441.0K0.303.96N/AN/A5,5911,700105,72791,777
2020-11-30$19.90$18.5057.8%17.3%56.2%13.2%63.3%4.5%1.1%455.7K-92.2M-439.7K0.344.64N/AN/A14,5694,900102,05587,927