AA Options History — September 2021

In September 2021, AA traded between $45.36 and $51.89. ATM implied volatility averaged 58.4%, placing in the 36.0% IV rank vs the trailing year. The 30-day expected move averaged 17.2%. IV traded below realized volatility by 3.7% (HV 20d: 62.2%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.73.

Notable Days

  • 2021-09-10: Highest Volume — 73,917 contracts
  • 2021-09-20: Largest IV spike — 13.7% change
  • 2021-09-20: Highest IV Rank — 66.9%
  • 2021-09-30: Largest Expected Move — 19.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.53$45.36$51.89$45.36$49.16
Max Pain$37.52$35.00$40.00$38.00$40.00
ATM IV58.4%51.8%67.3%52.1%62.8%
Expected Move17.2%14.5%19.6%14.5%19.6%
HV 20d62.2%52.9%72.0%71.4%55.0%
HV 60d62.1%59.8%63.8%61.0%63.8%
IV Rank36.0%12.8%66.9%13.9%51.2%
IV Percentile47.6%9.5%89.7%11.1%71.0%
Term Structure0.4%-1.4%4.0%-0.1%-0.5%
VWIV61.1%51.0%69.7%51.0%69.7%
Skew 25d1.0%-1.4%3.5%1.1%2.3%
Skew 10d1.1%-5.8%7.5%1.5%-1.8%
Call IV 25d59.1%52.5%66.7%52.5%63.4%
Put IV 25d60.0%53.2%70.1%53.6%65.6%
Bid-Ask Spread %18.023.4034.357.3418.58
Gamma HHI0.150.100.330.130.12
Net GEX7.9M2.6M12.7M9.8M5.9M
Net DEX-558.1M-795.6M-330.6M-499.3M-502.4M
Net VEX-2.3M-2.6M-2.1M-2.2M-2.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.291.530.310.70
Total Volume32,466.85712,04373,91743,60415,732
Total OI409,652.619371,487446,671371,487440,442

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-09-01$45.36$38.0052.1%14.5%71.4%13.9%51.0%1.1%-0.1%9.8M-499.3M-2.2M0.317.34N/AN/A33,29410,310206,746164,741
2021-09-02$47.00$35.0052.3%15.9%72.0%14.6%56.3%-1.4%1.9%10.5M-574.2M-2.2M0.4316.51N/AN/A38,21016,445207,163174,929
2021-09-03$47.05$35.0051.8%15.8%70.4%12.8%57.6%0.3%0.9%10.9M-587.4M-2.2M0.797.17N/AN/A13,48110,699211,062179,218
2021-09-07$46.74$35.0053.2%16.0%70.5%17.8%57.1%1.0%2.6%9.1M-540.2M-2.2M0.3830.26N/AN/A14,5115,535211,889180,359
2021-09-08$45.77$35.0053.8%16.2%65.8%19.9%57.5%0.0%2.8%8.6M-486.7M-2.3M0.2934.35N/AN/A15,5184,539216,750185,325
2021-09-09$47.84$35.0053.7%16.2%67.3%19.4%57.6%0.9%4.0%9.9M-599.2M-2.2M0.5821.55N/AN/A16,3779,560218,467188,250
2021-09-10$49.59$35.0055.0%16.5%68.3%24.1%58.1%1.1%3.9%10.4M-684.3M-2.1M0.4429.45N/AN/A51,17922,738217,149188,949
2021-09-13$49.31$35.0057.0%16.5%68.4%31.1%59.5%-1.1%0.8%8.7M-636.0M-2.1M0.647.09N/AN/A27,72817,645209,580184,870
2021-09-14$48.07$37.0058.2%16.8%67.3%35.3%59.6%-0.3%-0.3%9.1M-588.0M-2.2M1.5311.22N/AN/A7,92112,132221,206191,120
2021-09-15$51.89$37.0058.5%16.8%68.8%36.3%59.0%-0.4%0.7%10.4M-795.6M-2.2M0.3718.77N/AN/A31,96111,723230,917199,935
2021-09-16$49.44$37.0058.0%16.6%72.0%34.3%59.7%0.0%0.7%12.7M-661.2M-2.2M1.4418.30N/AN/A12,90218,526232,228203,646
2021-09-17$48.98$38.0059.2%17.0%55.4%38.7%59.8%0.6%-0.5%7.8M-611.6M-2.3M0.954.93N/AN/A12,44911,837239,193207,478
2021-09-20$47.97$38.0067.3%19.3%56.7%66.9%67.9%3.3%-1.2%3.9M-420.5M-2.4M1.1215.81N/AN/A20,40822,936190,443182,425
2021-09-21$45.86$38.0066.8%19.1%52.9%65.0%67.6%2.4%-1.4%2.6M-330.6M-2.4M0.9126.72N/AN/A22,01620,123193,472187,249
2021-09-22$48.16$40.0063.0%18.1%54.7%51.8%63.6%0.7%-1.4%4.1M-429.2M-2.4M0.5327.90N/AN/A29,40615,560201,027200,422
2021-09-23$48.62$40.0060.8%17.4%54.6%44.0%61.6%1.5%-1.2%5.1M-466.1M-2.4M0.7221.83N/AN/A6,9945,049207,218209,629
2021-09-24$48.75$40.0059.9%17.3%54.0%41.1%60.8%1.4%-0.9%5.1M-492.1M-2.6M0.4125.96N/AN/A17,3987,088225,382216,825
2021-09-27$51.53$40.0059.5%18.0%53.3%39.7%63.6%1.2%-1.2%7.3M-617.0M-2.4M0.755.45N/AN/A21,29415,892211,354205,510
2021-09-28$51.22$40.0062.6%19.1%53.4%50.6%69.1%2.1%-1.1%7.3M-611.3M-2.5M1.303.40N/AN/A8,93311,573215,908208,182
2021-09-29$50.78$40.0061.6%18.8%53.7%47.1%66.7%3.5%-0.7%7.5M-588.1M-2.5M0.6725.85N/AN/A8,4905,692220,593215,454
2021-09-30$49.16$40.0062.8%19.6%55.0%51.2%69.7%2.3%-0.5%5.9M-502.4M-2.6M0.7018.58N/AN/A9,2636,469222,494217,948