AA Options History — July 2021

In July 2021, AA traded between $31.39 and $40.10. ATM implied volatility averaged 54.5%, placing in the 20.6% IV rank vs the trailing year. The 30-day expected move averaged 15.5%. IV traded below realized volatility by 0.6% (HV 20d: 55.1%). Max pain ranged from $32.00 to $37.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.89.

Notable Days

  • 2021-07-16: Highest Volume — 76,026 contracts
  • 2021-07-16: Largest IV drop — 10.2% change
  • 2021-07-14: Highest IV Rank — 30.8%
  • 2021-07-01: Largest Expected Move — 17.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.60$31.39$40.10$37.17$40.10
Max Pain$35.67$32.00$37.00$32.00$36.00
ATM IV54.5%50.4%57.4%56.3%50.8%
Expected Move15.5%14.1%17.0%17.0%14.3%
HV 20d55.1%42.4%67.1%42.5%66.6%
HV 60d55.5%51.4%58.0%54.4%57.2%
IV Rank20.6%7.8%30.8%24.1%9.4%
IV Percentile17.9%0.8%34.1%26.6%1.2%
Term Structure-0.1%-1.3%1.1%-0.5%0.5%
VWIV54.4%49.6%59.3%59.3%50.1%
Skew 25d0.4%-1.6%2.7%-1.0%0.4%
Skew 10d-0.4%-17.8%19.8%19.8%2.0%
Call IV 25d55.0%50.9%59.2%57.6%51.0%
Put IV 25d55.4%51.1%59.3%56.6%51.4%
Bid-Ask Spread %4.163.116.083.914.68
Gamma HHI0.100.070.300.080.20
Net GEX2.6M-7.5M9.3M5.4M9.3M
Net DEX-211.1M-409.9M31.0M-264.5M-409.9M
Net VEX-1.8M-2.1M-1.6M-1.7M-2.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.273.110.710.53
Total Volume35,511.85710,66576,02610,66525,933
Total OI356,110.286298,146439,212349,280354,307

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$37.17$32.0056.3%17.0%42.5%24.1%59.3%-1.0%-0.5%5.4M-264.5M-1.7M0.713.91N/AN/A6,2304,435189,423159,857
2021-07-02$37.82$32.0054.0%16.9%43.0%17.8%58.5%-1.0%0.1%5.2M-302.5M-1.7M1.153.26N/AN/A12,20413,987190,815162,007
2021-07-06$36.51$36.0056.9%15.7%43.6%26.4%55.2%-0.1%-0.1%2.1M-207.9M-1.7M1.643.23N/AN/A9,85116,149179,048162,519
2021-07-07$36.23$37.0056.0%15.7%42.4%23.6%55.3%1.1%0.2%705.4K-178.9M-1.7M0.853.11N/AN/A8,3907,149182,134175,254
2021-07-08$35.22$36.0057.4%16.0%43.0%27.9%56.2%0.8%0.1%730.0K-133.4M-1.7M0.344.20N/AN/A23,0777,847186,658176,397
2021-07-09$37.51$36.0055.8%15.7%48.9%22.9%55.0%-0.1%0.1%1.4M-269.1M-1.8M0.933.93N/AN/A15,28314,223197,218179,670
2021-07-12$37.34$36.0056.4%15.7%48.9%24.9%55.2%1.6%-0.5%848.6K-240.8M-1.8M3.113.76N/AN/A8,05025,007191,975182,597
2021-07-13$35.76$36.0057.4%15.9%51.0%27.8%55.8%1.0%-1.3%-1.3M-149.0M-1.8M1.703.81N/AN/A15,77426,771196,220189,890
2021-07-14$35.00$36.0057.3%16.2%51.3%30.8%56.5%-1.6%0.3%-2.0M-111.1M-1.7M0.934.03N/AN/A13,99212,954202,710195,844
2021-07-15$34.38$36.0057.1%15.8%51.1%30.5%56.1%2.7%0.1%-2.7M-69.5M-1.7M0.784.47N/AN/A30,15023,441207,735200,143
2021-07-16$32.95$36.0051.2%14.5%49.1%10.9%50.9%0.7%-0.8%-7.5M30.1M-1.6M1.186.08N/AN/A34,80641,220231,083208,129
2021-07-19$31.39$36.0055.6%15.9%49.9%26.0%55.7%-0.1%-1.3%-100.5K31.0M-1.6M0.444.13N/AN/A31,13013,671156,200141,946
2021-07-20$35.18$36.0052.6%15.0%64.2%15.5%53.3%0.4%1.1%2.9M-135.7M-1.9M0.463.76N/AN/A42,50119,635166,231143,876
2021-07-21$37.13$36.0053.5%15.3%66.0%18.9%54.1%0.5%-0.3%5.3M-250.1M-1.9M0.854.70N/AN/A34,04328,830178,137149,696
2021-07-22$37.26$36.0052.1%14.9%65.2%13.7%52.5%0.5%0.5%3.3M-253.8M-2.0M0.594.11N/AN/A12,1937,148184,871162,827
2021-07-23$36.95$36.0051.5%14.8%64.0%12.0%52.1%0.2%-0.2%5.5M-248.0M-2.0M0.873.65N/AN/A13,30011,515187,945164,730
2021-07-26$38.97$36.0053.7%15.3%66.5%19.5%53.7%0.0%0.1%5.5M-317.2M-1.9M0.273.68N/AN/A35,3309,554174,388144,028
2021-07-27$38.11$36.0055.8%15.9%67.1%26.8%55.7%0.6%-0.2%5.7M-279.5M-2.0M0.524.12N/AN/A10,7995,646178,268148,716
2021-07-28$38.25$36.0052.4%14.9%65.9%14.9%52.1%1.5%0.6%6.9M-302.3M-2.1M0.415.28N/AN/A15,5836,407190,997153,110
2021-07-29$39.45$36.0050.4%14.1%66.5%7.8%49.6%0.0%-0.1%8.2M-371.3M-2.1M0.415.39N/AN/A36,64414,897195,334155,383
2021-07-30$40.10$36.0050.8%14.3%66.6%9.4%50.1%0.4%0.5%9.3M-409.9M-2.1M0.534.68N/AN/A16,9778,956197,291157,016