AA Options History — March 2022

In March 2022, AA traded between $72.86 and $95.02. ATM implied volatility averaged 72.5%, placing in the 74.2% IV rank vs the trailing year. The 30-day expected move averaged 20.7%. IV traded below realized volatility by 0.1% (HV 20d: 72.6%). Max pain ranged from $65.00 to $80.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 0.82.

Notable Days

  • 2022-03-04: Highest Volume — 71,852 contracts
  • 2022-03-21: Largest IV spike — 8.1% change
  • 2022-03-04: Highest IV Rank — 100.0%
  • 2022-03-08: Largest Expected Move — 25.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$85.13$72.86$95.02$79.77$90.30
Max Pain$75.35$65.00$80.00$65.00$80.00
ATM IV72.5%66.6%81.9%72.9%66.6%
Expected Move20.7%18.2%25.5%21.8%18.2%
HV 20d72.6%55.9%83.7%55.9%78.8%
HV 60d59.9%52.2%64.8%52.4%64.1%
IV Rank74.2%54.6%100.0%86.2%54.6%
IV Percentile95.7%89.3%100.0%99.2%89.3%
Term Structure-0.4%-3.3%3.4%-0.9%-1.2%
VWIV72.6%64.2%89.8%76.8%65.2%
Skew 25d1.1%-2.0%2.8%2.6%1.2%
Skew 10d2.1%-4.0%5.4%3.5%1.4%
Call IV 25d72.7%65.0%81.7%71.9%66.5%
Put IV 25d73.8%67.4%83.4%74.4%67.7%
Bid-Ask Spread %7.303.6321.645.794.53
Gamma HHI0.100.070.130.110.10
Net GEX9.4M3.3M15.7M8.4M9.5M
Net DEX-780.9M-1.15B-345.2M-756.5M-814.8M
Net VEX-2.2M-2.3M-2.0M-2.2M-2.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.411.460.611.27
Total Volume38,519.21717,28471,85263,31417,284
Total OI336,642.217292,951372,555319,668329,464

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$79.77$65.0072.9%21.8%55.9%86.2%76.8%2.6%-0.9%8.4M-756.5M-2.2M0.615.79N/AN/A39,32423,990156,657163,011
2022-03-02$83.11$69.0067.8%19.9%56.4%68.5%70.7%2.3%0.3%10.8M-884.5M-2.2M1.075.18N/AN/A14,72615,696167,264169,639
2022-03-03$82.78$69.0072.3%21.3%56.9%84.3%74.6%1.7%-0.6%10.8M-874.0M-2.2M1.036.01N/AN/A17,48718,009169,593172,133
2022-03-04$90.72$70.0077.5%23.0%60.7%100.0%81.3%-2.0%-0.9%8.3M-1.15B-2.1M0.715.91N/AN/A42,01329,839170,348177,173
2022-03-07$85.20$75.0081.6%24.9%67.2%100.0%87.4%1.6%-1.3%7.5M-787.4M-2.2M0.757.99N/AN/A26,28419,616152,704173,565
2022-03-08$83.12$75.0081.9%25.5%68.2%100.0%89.8%2.1%-3.3%7.1M-727.4M-2.3M0.5210.53N/AN/A36,57019,053159,919178,351
2022-03-09$79.33$75.0078.3%24.6%65.5%89.3%85.7%1.2%-2.1%7.2M-590.7M-2.3M0.7621.64N/AN/A22,39216,976166,036179,896
2022-03-10$82.72$75.0076.5%22.9%66.1%84.1%79.4%0.5%-1.3%10.7M-735.2M-2.3M0.6711.49N/AN/A25,04816,852172,811184,857
2022-03-11$78.80$75.0075.9%22.7%68.5%82.1%79.6%0.4%-0.5%6.0M-554.9M-2.3M1.278.36N/AN/A15,24019,398174,779188,853
2022-03-14$72.86$75.0078.0%21.5%73.6%88.4%75.3%2.8%-0.8%3.3M-345.2M-2.3M0.414.79N/AN/A26,19110,660165,425180,846
2022-03-15$73.52$75.0074.6%20.7%73.6%78.3%72.0%2.4%2.3%5.0M-380.3M-2.3M0.474.39N/AN/A23,41910,891175,303182,554
2022-03-16$75.32$75.0070.3%19.8%74.1%65.7%69.0%1.5%1.8%7.5M-460.3M-2.3M0.507.00N/AN/A19,2189,574177,735187,091
2022-03-17$81.45$75.0070.4%19.3%77.6%65.8%68.5%1.8%1.9%12.9M-761.7M-2.2M0.568.83N/AN/A24,33513,639181,376189,040
2022-03-18$82.70$75.0067.3%18.4%77.5%56.7%64.4%2.6%3.4%15.7M-820.2M-2.1M0.967.15N/AN/A16,46515,874182,116190,439
2022-03-21$90.77$75.0072.7%19.4%83.7%72.8%68.1%0.5%-0.2%10.1M-892.3M-2.1M0.639.61N/AN/A37,25023,422144,116148,835
2022-03-22$90.06$75.0068.2%18.7%81.5%59.5%65.8%0.0%0.9%11.1M-876.2M-2.1M1.147.79N/AN/A9,72711,125153,279156,230
2022-03-23$94.74$80.0071.3%19.0%82.8%68.5%67.0%0.8%-2.0%11.5M-1.03B-2.0M0.605.84N/AN/A30,95018,460154,015158,530
2022-03-24$95.02$80.0072.0%19.0%81.8%70.5%67.3%1.3%-2.2%13.0M-1.04B-2.1M0.815.76N/AN/A15,25112,296161,114163,689
2022-03-25$91.65$80.0069.3%18.9%81.4%62.7%66.1%0.1%-0.9%11.7M-925.2M-2.1M0.495.75N/AN/A24,36211,826165,392167,314
2022-03-28$92.61$80.0068.2%18.8%79.9%59.3%66.5%-0.3%-1.2%9.5M-896.1M-2.0M1.465.29N/AN/A11,78817,208150,055161,207
2022-03-29$89.57$80.0066.6%18.4%79.2%54.7%64.6%-0.2%-0.5%8.9M-785.8M-2.1M1.244.56N/AN/A15,14518,795151,657164,239
2022-03-30$91.86$80.0066.7%18.3%78.4%54.9%64.2%0.5%-0.5%10.1M-870.4M-2.1M0.883.63N/AN/A11,87710,397153,907170,214
2022-03-31$90.30$80.0066.6%18.2%78.8%54.6%65.2%1.2%-1.2%9.5M-814.8M-2.1M1.274.53N/AN/A7,6209,664157,657171,807