AA Options History — December 2021

In December 2021, AA traded between $44.06 and $59.87. ATM implied volatility averaged 59.5%, placing in the 39.7% IV rank vs the trailing year. The 30-day expected move averaged 17.7%. IV traded above realized volatility by 5.4% (HV 20d: 54.1%). Max pain ranged from $40.00 to $47.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.80.

Notable Days

  • 2021-12-22: Highest Volume — 102,075 contracts
  • 2021-12-20: Largest IV spike — 9.9% change
  • 2021-12-03: Highest IV Rank — 61.9%
  • 2021-12-01: Largest Expected Move — 19.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.51$44.06$59.87$44.63$59.87
Max Pain$42.00$40.00$47.00$47.00$44.00
ATM IV59.5%54.2%65.9%64.5%58.4%
Expected Move17.7%16.8%19.8%19.8%16.9%
HV 20d54.1%41.6%62.4%62.3%41.6%
HV 60d60.6%59.5%62.3%62.3%59.5%
IV Rank39.7%21.2%61.9%57.0%35.7%
IV Percentile59.2%30.6%87.3%82.5%56.0%
Term Structure1.0%-1.3%5.0%3.0%-0.8%
VWIV63.2%60.0%70.1%69.8%60.0%
Skew 25d2.4%0.9%5.0%4.0%2.1%
Skew 10d5.3%2.8%9.4%4.9%4.3%
Call IV 25d59.3%53.3%64.4%63.9%58.6%
Put IV 25d61.8%56.2%69.5%67.8%60.7%
Bid-Ask Spread %5.583.6713.855.047.52
Gamma HHI0.120.070.240.080.24
Net GEX10.8M-871.5K22.5M2.2M22.5M
Net DEX-540.6M-936.3M-35.1M-78.6M-906.1M
Net VEX-2.8M-3.0M-2.4M-3.0M-2.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.241.460.570.73
Total Volume38,215.81817,070102,07561,39624,050
Total OI522,331.636449,474560,079543,933495,516

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-12-01$44.63$47.0064.5%19.8%62.3%57.0%69.8%4.0%3.0%2.2M-78.6M-3.0M0.575.04N/AN/A39,00322,393294,538249,395
2021-12-02$45.12$47.0063.9%18.7%62.4%55.0%66.7%3.7%-0.3%1.7M-101.6M-2.9M0.924.90N/AN/A15,22313,947290,648252,835
2021-12-03$44.06$47.0065.9%19.7%62.0%61.9%70.1%5.0%0.9%-871.5K-35.1M-2.9M0.615.09N/AN/A47,25728,839294,890254,903
2021-12-06$45.54$40.0062.6%18.7%61.3%50.6%66.1%3.6%0.5%1.7M-142.0M-3.0M1.065.48N/AN/A13,70114,505280,259259,994
2021-12-07$47.06$40.0057.1%17.5%62.0%31.4%61.8%3.1%1.5%4.4M-249.6M-3.0M0.454.49N/AN/A18,4058,373285,045264,618
2021-12-08$48.66$40.0055.5%17.2%61.6%25.8%61.8%2.6%0.5%7.8M-372.2M-3.0M0.947.20N/AN/A9,6339,012286,686265,082
2021-12-09$50.03$40.0055.9%17.4%61.6%27.3%62.7%2.3%0.7%10.4M-484.8M-3.0M0.864.35N/AN/A21,45318,502287,523266,481
2021-12-10$48.79$40.0054.2%17.0%50.5%21.2%60.7%2.9%1.1%9.2M-364.6M-2.9M0.895.74N/AN/A17,80515,780286,330269,337
2021-12-13$47.98$40.0056.0%17.4%49.9%27.5%63.5%2.5%5.0%3.9M-270.8M-2.8M1.464.51N/AN/A8,28312,119273,116267,847
2021-12-14$50.49$40.0057.6%17.7%52.4%33.1%62.0%1.5%3.8%9.6M-482.1M-2.8M0.493.67N/AN/A29,38414,522275,282270,284
2021-12-15$50.70$40.0057.4%17.6%49.0%32.2%62.0%2.3%3.6%10.6M-499.9M-2.8M1.309.61N/AN/A9,94712,892278,299271,653
2021-12-16$52.68$40.0059.3%17.8%50.5%38.9%62.9%1.5%3.6%14.3M-653.2M-2.8M0.304.77N/AN/A56,12016,863278,356274,469
2021-12-17$53.07$40.0058.0%17.4%50.3%34.5%62.1%1.4%4.1%11.1M-678.6M-2.7M0.5913.85N/AN/A20,67112,252283,224276,855
2021-12-20$52.80$40.0063.8%18.5%50.4%54.5%66.0%3.0%-0.5%9.1M-487.2M-2.7M0.724.12N/AN/A15,25410,983229,494219,980
2021-12-21$56.75$42.0061.8%17.8%55.3%47.8%63.3%2.5%-0.2%12.7M-728.9M-2.7M0.284.95N/AN/A57,58516,314236,600225,090
2021-12-22$59.35$42.0060.7%17.4%56.8%43.9%62.1%1.5%-1.3%15.3M-900.2M-2.6M0.245.07N/AN/A82,32719,748248,891229,855
2021-12-23$59.63$43.0059.8%17.1%56.3%40.6%62.1%2.3%-0.1%18.9M-936.3M-2.7M0.954.22N/AN/A15,36814,613269,876236,314
2021-12-27$59.73$43.0060.8%17.2%52.0%44.3%61.6%2.2%-1.1%17.5M-876.5M-2.6M0.705.02N/AN/A13,6579,560256,393229,342
2021-12-28$59.49$43.0059.1%16.9%51.9%38.3%61.1%0.9%-0.3%18.4M-886.7M-2.5M1.224.43N/AN/A8,37610,236260,428231,072
2021-12-29$59.57$43.0058.7%16.8%47.7%36.7%60.8%1.6%-1.0%18.4M-888.0M-2.5M1.404.20N/AN/A7,80610,917259,318232,862
2021-12-30$59.31$43.0058.0%16.9%41.6%34.5%60.3%1.4%-0.3%18.6M-870.4M-2.4M0.914.51N/AN/A8,9378,133258,658233,658
2021-12-31$59.87$44.0058.4%16.9%41.6%35.7%60.0%2.1%-0.8%22.5M-906.1M-2.4M0.737.52N/AN/A13,92010,130258,973236,543