AA Options History — April 2021

In April 2021, AA traded between $31.30 and $37.15. ATM implied volatility averaged 58.3%, placing in the 12.2% IV rank vs the trailing year. The 30-day expected move averaged 16.1%. IV traded below realized volatility by 4.6% (HV 20d: 62.9%). Max pain ranged from $21.00 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.56.

Notable Days

  • 2021-04-16: Highest Volume — 75,312 contracts
  • 2021-04-16: Largest IV drop — 14.1% change
  • 2021-04-12: Highest IV Rank — 30.8%
  • 2021-04-01: Largest Expected Move — 19.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.78$31.30$37.15$32.03$36.61
Max Pain$28.19$21.00$30.00$21.00$30.00
ATM IV58.3%50.9%68.1%64.6%52.2%
Expected Move16.1%14.4%19.6%19.6%14.6%
HV 20d62.9%54.9%72.0%70.6%54.9%
HV 60d72.3%68.1%75.7%75.7%69.6%
IV Rank12.2%0.0%30.8%18.9%3.9%
IV Percentile24.5%0.0%68.3%49.2%2.0%
Term Structure-2.1%-12.4%2.2%-0.4%0.5%
VWIV56.5%50.4%69.9%69.9%51.3%
Skew 25d0.1%-13.4%20.9%-4.0%-0.1%
Skew 10d0.3%-8.4%19.3%-7.2%-1.7%
Call IV 25d58.7%50.9%70.4%68.5%52.4%
Put IV 25d58.8%51.7%74.6%64.5%52.3%
Bid-Ask Spread %10.054.8921.936.569.99
Gamma HHI0.170.120.270.210.12
Net GEX5.6M3.7M9.4M7.7M4.4M
Net DEX-339.0M-564.0M-212.9M-383.2M-322.8M
Net VEX-999.8K-1.0M-961.1K-1.0M-1.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.210.970.230.77
Total Volume21,685.4298,03675,31213,76113,723
Total OI265,431.619207,029324,072295,450240,847

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$32.03$21.0064.6%19.6%70.6%18.9%69.9%-4.0%-0.4%7.7M-383.2M-1.0M0.236.56N/AN/A11,2152,546207,11388,337
2021-04-05$31.59$27.0067.3%18.1%70.9%22.9%63.7%-0.4%-1.1%5.7M-355.5M-988.7K0.7319.99N/AN/A4,6583,378198,38882,265
2021-04-06$31.48$27.0065.7%18.0%70.8%20.6%62.8%-1.4%-4.1%5.6M-348.3M-970.9K0.368.88N/AN/A8,8843,184199,91685,120
2021-04-07$31.35$27.0066.7%17.0%69.4%28.1%59.7%-1.1%-11.6%5.7M-343.1M-961.1K0.748.95N/AN/A5,6314,167202,71287,091
2021-04-08$31.30$27.0065.3%17.0%64.3%25.5%59.7%-1.7%-3.2%5.5M-339.1M-979.8K0.385.94N/AN/A17,6146,693205,69990,478
2021-04-09$31.33$28.0060.4%16.5%64.2%15.9%59.7%0.9%-0.4%5.7M-345.4M-994.8K0.857.20N/AN/A7,2606,139215,03394,548
2021-04-12$31.65$28.0068.1%16.6%63.6%30.8%58.3%0.7%-12.4%6.4M-354.9M-973.4K0.966.88N/AN/A6,9286,637209,18892,611
2021-04-13$31.45$28.0062.5%16.3%63.4%20.0%57.3%-13.4%-1.6%6.1M-334.3M-981.7K0.7711.57N/AN/A11,3698,701207,87897,630
2021-04-14$33.35$28.0060.8%16.7%63.2%16.8%58.2%-0.7%-2.7%8.5M-431.6M-988.3K0.216.09N/AN/A40,2338,558211,09499,764
2021-04-15$32.89$28.0063.0%16.5%59.4%21.0%58.6%-0.4%-2.9%7.4M-399.6M-1.0M0.3221.93N/AN/A30,9789,857211,005102,244
2021-04-16$35.55$28.0054.1%15.0%65.0%3.9%52.7%20.9%-3.1%9.4M-564.0M-976.5K0.2518.62N/AN/A60,18615,126215,989108,083
2021-04-19$36.00$28.0051.6%14.6%65.0%0.0%52.0%-0.4%1.3%4.5M-304.4M-962.2K0.8514.24N/AN/A13,54811,541132,09974,930
2021-04-20$33.14$29.0055.4%15.9%72.0%8.0%55.4%1.0%-0.4%3.7M-212.9M-1.0M0.4115.97N/AN/A15,4416,287136,96981,384
2021-04-21$34.23$29.0053.3%15.3%60.8%3.7%53.4%0.8%-0.1%4.8M-255.3M-1.0M0.4310.59N/AN/A10,5624,523139,94383,350
2021-04-22$33.43$29.0054.1%15.5%60.7%5.6%54.0%0.9%0.3%4.5M-225.7M-1.0M0.365.45N/AN/A9,0193,243142,03685,538
2021-04-23$34.68$30.0051.6%14.6%61.1%0.0%51.7%-0.2%2.2%4.8M-274.4M-1.0M0.336.37N/AN/A13,2004,323143,52186,855
2021-04-26$36.70$30.0053.4%15.5%56.2%4.6%54.2%0.7%-2.7%4.4M-327.5M-976.0K0.755.41N/AN/A18,11613,592135,26879,840
2021-04-27$36.80$30.0053.3%15.0%55.7%5.0%52.5%-2.0%-1.4%4.1M-328.2M-1.0M0.664.89N/AN/A9,7346,390139,81389,528
2021-04-28$36.69$30.0051.0%14.5%55.4%0.0%50.7%1.1%-1.0%4.5M-328.3M-1.0M0.429.32N/AN/A5,9142,476144,21490,927
2021-04-29$37.15$30.0050.9%14.4%55.2%0.0%50.4%1.0%0.2%4.8M-340.5M-995.3K0.976.11N/AN/A7,0026,818143,42691,390
2021-04-30$36.61$30.0052.2%14.6%54.9%3.9%51.3%-0.1%0.5%4.4M-322.8M-1.0M0.779.99N/AN/A7,7525,971146,12894,719