AA Options History — August 2021

In August 2021, AA traded between $37.06 and $45.17. ATM implied volatility averaged 51.8%, placing in the 13.0% IV rank vs the trailing year. The 30-day expected move averaged 14.7%. IV traded below realized volatility by 14.1% (HV 20d: 65.9%). Max pain ranged from $36.00 to $38.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.82.

Notable Days

  • 2021-08-10: Highest Volume — 54,953 contracts
  • 2021-08-19: Largest IV spike — 10.6% change
  • 2021-08-19: Highest IV Rank — 34.4%
  • 2021-08-19: Largest Expected Move — 16.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.72$37.06$45.17$39.59$44.25
Max Pain$37.14$36.00$38.00$36.00$38.00
ATM IV51.8%49.1%58.0%50.6%51.5%
Expected Move14.7%13.9%16.6%14.4%14.5%
HV 20d65.9%49.9%73.2%66.7%72.8%
HV 60d58.5%54.0%61.3%57.1%61.0%
IV Rank13.0%3.3%34.4%8.8%11.7%
IV Percentile9.4%0.4%46.0%1.2%7.9%
Term Structure0.1%-1.9%2.0%0.3%0.1%
VWIV51.8%48.5%58.2%51.2%50.8%
Skew 25d1.3%0.1%2.7%0.7%1.7%
Skew 10d2.8%0.4%5.7%1.0%5.3%
Call IV 25d52.1%49.1%57.4%51.8%51.3%
Put IV 25d53.4%50.4%60.0%52.5%53.0%
Bid-Ask Spread %4.813.0910.085.756.69
Gamma HHI0.110.060.190.100.13
Net GEX7.2M745.0K11.1M6.8M9.0M
Net DEX-381.3M-590.1M-104.1M-327.1M-444.1M
Net VEX-2.1M-2.2M-2.0M-2.1M-2.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.272.151.082.15
Total Volume24,638.7737,78054,95324,02622,488
Total OI364,164.273341,154395,940341,154362,407

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-08-02$39.59$36.0050.6%14.4%66.7%8.8%51.2%0.7%0.3%6.8M-327.1M-2.1M1.085.75N/AN/A11,54412,482189,128152,026
2021-08-03$40.22$36.0052.9%14.5%65.3%16.6%51.8%1.2%-1.1%7.3M-357.7M-2.1M0.756.09N/AN/A9,2186,899192,792156,777
2021-08-04$38.73$36.0052.1%14.5%66.9%13.8%51.1%0.9%-1.9%6.0M-275.5M-2.1M0.953.74N/AN/A6,3956,044194,436163,895
2021-08-05$38.83$36.0050.8%14.2%65.9%9.4%50.3%1.0%-1.0%6.4M-279.8M-2.1M0.565.70N/AN/A4,9732,807196,565167,434
2021-08-06$40.81$36.0049.7%14.0%64.5%5.5%49.4%1.1%-1.0%9.0M-395.8M-2.1M0.463.90N/AN/A15,2046,920197,542169,304
2021-08-09$40.57$36.0050.2%14.3%64.5%7.4%51.0%0.7%-0.2%7.6M-359.8M-2.0M1.853.74N/AN/A6,76312,514188,470161,388
2021-08-10$43.86$37.0052.4%14.9%67.0%15.1%53.5%0.8%-0.3%6.9M-516.6M-2.0M0.333.65N/AN/A41,26113,692189,971163,728
2021-08-11$44.66$37.0050.9%14.5%66.0%9.7%51.8%0.1%-0.3%6.6M-552.7M-2.0M0.293.62N/AN/A22,6006,531190,896170,564
2021-08-12$45.07$37.0050.2%14.3%65.0%7.2%50.4%0.5%-0.3%7.7M-570.9M-2.0M0.313.92N/AN/A20,1566,219197,830174,826
2021-08-13$45.17$37.0049.1%13.9%61.8%3.3%49.6%1.3%-1.1%10.8M-590.1M-2.0M0.917.36N/AN/A10,5079,582205,704175,713
2021-08-16$43.38$37.0050.7%14.5%60.7%9.2%52.0%0.2%1.6%8.6M-480.1M-2.0M1.793.92N/AN/A6,21911,126202,264168,054
2021-08-17$41.38$37.0052.4%15.0%52.7%14.9%54.0%1.4%2.0%7.8M-363.9M-2.1M0.723.56N/AN/A15,53511,176202,275170,067
2021-08-18$41.65$37.0052.4%15.0%49.9%15.1%52.7%1.3%1.9%7.1M-372.9M-2.1M0.5110.08N/AN/A14,1387,180203,345175,935
2021-08-19$37.06$38.0058.0%16.6%66.2%34.4%58.2%2.6%0.6%1.8M-104.1M-2.0M0.658.23N/AN/A28,57818,621208,239180,733
2021-08-20$37.68$38.0054.3%15.5%66.4%21.4%54.4%2.1%0.4%745.0K-123.4M-2.0M0.473.09N/AN/A16,4547,726212,086183,854
2021-08-23$41.09$38.0053.4%15.4%70.8%18.4%54.1%1.8%0.3%5.6M-298.8M-2.1M0.523.37N/AN/A24,95612,981192,958150,729
2021-08-24$42.16$38.0052.8%14.8%70.6%16.4%52.1%1.3%-0.5%6.7M-361.7M-2.1M0.493.39N/AN/A14,5087,147197,711153,271
2021-08-25$42.07$38.0052.3%14.8%70.6%14.5%51.5%1.6%1.1%8.0M-369.9M-2.2M0.583.86N/AN/A6,8403,992205,959157,161
2021-08-26$41.47$38.0052.5%14.8%70.2%15.1%51.9%2.7%0.6%7.8M-332.4M-2.1M1.503.66N/AN/A6,1299,189207,649158,584
2021-08-27$44.11$38.0050.1%13.9%73.2%7.0%48.5%1.7%0.5%11.1M-479.8M-2.1M0.274.24N/AN/A32,8268,957208,278159,415
2021-08-30$44.12$38.0051.1%14.2%72.9%10.4%49.8%2.6%0.4%8.1M-431.7M-2.1M0.814.36N/AN/A12,71210,264195,909155,742
2021-08-31$44.25$38.0051.5%14.5%72.8%11.7%50.8%1.7%0.1%9.0M-444.1M-2.1M2.156.69N/AN/A7,14315,345204,048158,359