AA Options History — June 2021

In June 2021, AA traded between $32.14 and $41.02. ATM implied volatility averaged 54.8%, placing in the 17.6% IV rank vs the trailing year. The 30-day expected move averaged 16.0%. IV traded above realized volatility by 0.1% (HV 20d: 54.7%). Max pain ranged from $27.00 to $37.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.58.

Notable Days

2021-06-17: Highest Volume — 47,785 contracts
2021-06-09: Largest IV spike — 17.6% change
2021-06-24: Highest IV Rank — 29.9%
2021-06-28: Largest Expected Move — 17.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$36.68	$32.14	$41.02	$41.02	$36.90
Max Pain	$30.68	$27.00	$37.00	$37.00	$32.00
ATM IV	54.8%	48.1%	58.5%	53.8%	56.1%
Expected Move	16.0%	14.5%	17.6%	15.2%	17.5%
HV 20d	54.7%	43.3%	62.8%	62.7%	43.3%
HV 60d	57.9%	53.5%	62.6%	62.2%	54.4%
IV Rank	17.6%	0.0%	29.9%	10.1%	23.7%
IV Percentile	16.6%	0.0%	33.7%	8.3%	25.0%
Term Structure	0.7%	-2.8%	9.4%	-1.1%	-1.5%
VWIV	57.4%	53.9%	61.7%	53.9%	61.1%
Skew 25d	-2.2%	-7.8%	0.9%	-7.8%	-1.0%
Skew 10d	-1.9%	-12.7%	10.1%	-12.7%	-4.8%
Call IV 25d	58.3%	52.0%	65.6%	63.0%	58.6%
Put IV 25d	56.1%	50.7%	59.7%	55.2%	57.6%
Bid-Ask Spread %	23.21	3.45	52.25	5.92	3.45
Gamma HHI	0.09	0.07	0.12	0.12	0.08
Net GEX	3.6M	-692.3K	6.3M	5.5M	4.5M
Net DEX	-215.1M	-365.4M	-18.5M	-365.4M	-246.0M
Net VEX	-1.4M	-1.6M	-1.3M	-1.3M	-1.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.58	0.22	1.13	0.53	0.79
Total Volume	23,186.409	12,383	47,785	23,237	17,962
Total OI	305,655.682	257,307	339,435	257,307	337,263

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2021-06-01	$41.02	$37.00	53.8%	15.2%	62.7%	10.1%	53.9%	-7.8%	-1.1%	5.5M	-365.4M	-1.3M	0.53	5.92	N/A	N/A	15,184	8,053	148,677	108,630
2021-06-02	$39.82	$37.00	55.1%	15.2%	62.8%	13.8%	54.1%	-1.4%	0.5%	5.7M	-324.1M	-1.3M	0.37	7.20	N/A	N/A	18,684	6,978	154,597	113,079
2021-06-03	$38.72	$27.00	57.4%	16.2%	62.0%	20.3%	57.7%	0.3%	-2.8%	5.3M	-284.3M	-1.4M	0.49	31.26	N/A	N/A	10,822	5,322	165,099	117,697
2021-06-04	$38.88	$27.00	53.3%	16.0%	61.6%	8.7%	59.5%	-1.3%	0.4%	5.8M	-287.9M	-1.4M	0.57	42.59	N/A	N/A	11,793	6,692	167,896	120,392
2021-06-07	$37.77	$29.00	56.6%	16.3%	60.8%	18.1%	60.2%	-2.8%	1.7%	4.5M	-244.7M	-1.4M	0.50	23.39	N/A	N/A	15,414	7,699	165,927	120,307
2021-06-08	$38.75	$29.00	48.1%	16.4%	61.6%	0.0%	57.6%	-4.3%	9.4%	5.2M	-280.9M	-1.4M	0.48	10.72	N/A	N/A	12,436	5,921	165,250	125,779
2021-06-09	$38.00	$29.00	56.6%	16.1%	61.8%	22.6%	58.1%	0.9%	-1.2%	4.7M	-254.2M	-1.4M	0.49	41.36	N/A	N/A	8,292	4,091	170,467	129,681
2021-06-10	$37.51	$30.00	53.8%	15.6%	59.1%	15.3%	55.6%	-4.1%	1.5%	3.7M	-230.5M	-1.4M	0.71	52.25	N/A	N/A	9,039	6,447	171,421	132,011
2021-06-11	$37.42	$30.00	50.8%	15.2%	59.0%	7.3%	55.3%	-0.8%	3.2%	4.7M	-222.2M	-1.4M	0.98	39.99	N/A	N/A	8,323	8,182	175,840	136,395
2021-06-14	$36.81	$30.00	50.8%	14.5%	59.2%	7.3%	54.4%	-1.0%	5.6%	3.2M	-202.2M	-1.4M	0.52	33.71	N/A	N/A	9,130	4,773	169,687	133,488
2021-06-15	$36.26	$30.00	53.4%	15.4%	58.6%	14.0%	54.9%	-1.1%	1.6%	2.1M	-181.1M	-1.4M	0.44	45.52	N/A	N/A	24,192	10,722	173,829	136,670
2021-06-16	$35.51	$30.00	53.7%	15.4%	58.9%	16.2%	54.5%	-1.5%	2.1%	1.3M	-157.1M	-1.4M	0.91	30.33	N/A	N/A	7,923	7,248	181,594	142,994
2021-06-17	$33.51	$30.00	55.2%	15.6%	47.3%	20.4%	57.3%	-2.0%	3.5%	-692.3K	-70.2M	-1.4M	0.38	25.28	N/A	N/A	34,573	13,212	184,484	147,110
2021-06-18	$32.14	$30.00	54.8%	15.7%	49.2%	19.4%	56.3%	-1.8%	0.2%	-206.3K	-18.5M	-1.4M	1.13	39.02	N/A	N/A	10,572	11,968	187,516	151,919
2021-06-21	$32.90	$30.00	55.5%	15.8%	50.1%	21.5%	58.0%	-1.1%	-1.4%	564.4K	-83.3M	-1.4M	0.22	19.80	N/A	N/A	22,488	4,986	152,197	133,467
2021-06-22	$33.94	$30.00	55.6%	15.8%	51.2%	21.8%	56.2%	-1.1%	-1.7%	2.2M	-126.6M	-1.5M	0.35	13.84	N/A	N/A	11,988	4,160	161,477	136,196
2021-06-23	$35.04	$30.00	56.6%	16.0%	50.5%	24.5%	57.1%	-3.6%	-0.6%	3.4M	-182.2M	-1.5M	0.70	5.90	N/A	N/A	21,493	15,134	167,411	137,673
2021-06-24	$36.38	$32.00	58.5%	16.8%	50.4%	29.9%	58.3%	-2.4%	-1.1%	4.4M	-241.4M	-1.5M	0.46	11.95	N/A	N/A	20,156	9,347	172,597	144,634
2021-06-25	$36.14	$32.00	54.9%	16.7%	44.9%	19.8%	59.7%	-2.7%	-0.7%	6.3M	-239.2M	-1.6M	0.59	7.10	N/A	N/A	23,391	13,773	179,727	145,847
2021-06-28	$36.11	$32.00	57.4%	17.6%	44.3%	26.9%	61.7%	-5.9%	-1.4%	3.0M	-211.5M	-1.6M	0.37	15.85	N/A	N/A	12,024	4,425	177,327	148,646
2021-06-29	$37.46	$32.00	57.1%	17.4%	44.1%	26.0%	60.8%	-1.2%	-0.3%	5.0M	-278.0M	-1.6M	0.72	4.15	N/A	N/A	14,558	10,531	180,440	151,087
2021-06-30	$36.90	$32.00	56.1%	17.5%	43.3%	23.7%	61.1%	-1.0%	-1.5%	4.5M	-246.0M	-1.6M	0.79	3.45	N/A	N/A	10,043	7,919	183,102	154,161