AA Options History — May 2022

In May 2022, AA traded between $54.09 and $67.33. ATM implied volatility averaged 69.3%, placing in the 62.6% IV rank vs the trailing year. The 30-day expected move averaged 20.1%. IV traded below realized volatility by 16.7% (HV 20d: 86.0%). Max pain ranged from $60.00 to $76.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.85.

Notable Days

  • 2022-05-10: Highest Volume — 62,459 contracts
  • 2022-05-09: Largest IV spike — 9.8% change
  • 2022-05-12: Highest IV Rank — 84.8%
  • 2022-05-12: Largest Expected Move — 21.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$61.10$54.09$67.33$65.41$61.50
Max Pain$63.48$60.00$76.00$76.00$60.00
ATM IV69.3%60.2%76.8%71.0%63.6%
Expected Move20.1%17.3%21.7%21.1%18.8%
HV 20d86.0%77.8%101.3%79.3%79.5%
HV 60d77.1%72.7%80.1%73.3%76.4%
IV Rank62.6%35.6%84.8%67.7%46.0%
IV Percentile87.2%57.5%98.0%94.0%70.6%
Term Structure-0.5%-2.2%0.6%-1.0%-1.6%
VWIV70.1%61.3%76.5%73.1%65.2%
Skew 25d4.7%3.1%6.3%4.0%4.7%
Skew 10d8.7%6.7%11.4%7.1%8.6%
Call IV 25d67.8%57.5%76.4%68.9%61.6%
Put IV 25d72.5%63.8%80.4%72.8%66.3%
Bid-Ask Spread %7.814.3212.175.667.76
Gamma HHI0.090.060.230.060.07
Net GEX-733.8K-5.0M9.2M-540.7K721.4K
Net DEX43.6M-146.5M284.7M1.4M-48.6M
Net VEX-2.4M-2.5M-2.0M-2.4M-2.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.850.471.510.630.90
Total Volume29,975.52412,82062,45928,97518,283
Total OI358,687.81305,072403,972328,261306,397

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$65.41$76.0071.0%21.1%79.3%67.7%73.1%4.0%-1.0%-540.7K1.4M-2.4M0.635.66N/AN/A17,74511,230165,770162,491
2022-05-03$64.54$75.0068.2%20.5%79.0%59.4%71.4%4.4%0.6%-858.5K24.1M-2.3M1.5110.23N/AN/A15,07522,731171,024164,807
2022-05-04$67.33$76.0063.6%18.5%81.5%46.0%65.2%3.1%-0.9%-694.1K-21.9M-2.4M0.614.32N/AN/A14,4458,871175,240178,208
2022-05-05$63.08$65.0069.0%19.5%83.3%61.9%68.4%4.9%-0.0%-3.3M95.6M-2.4M0.979.78N/AN/A16,63316,169180,614179,429
2022-05-06$61.03$65.0068.3%19.8%83.4%59.7%68.6%4.2%0.1%-5.0M156.3M-2.3M0.849.75N/AN/A15,50112,964185,244184,939
2022-05-09$54.09$65.0074.9%21.5%91.1%79.4%74.9%4.7%0.6%-4.1M284.7M-2.0M0.798.63N/AN/A34,07426,908171,592179,149
2022-05-10$55.79$65.0075.9%21.5%93.0%82.3%74.6%4.1%-0.7%-3.1M225.5M-2.3M0.995.62N/AN/A31,35531,104185,609185,153
2022-05-11$56.98$65.0075.1%21.7%93.8%79.8%75.1%3.9%0.6%-3.2M179.8M-2.4M0.546.63N/AN/A15,9068,512195,380192,229
2022-05-12$54.30$60.0076.8%21.7%90.6%84.8%76.5%4.0%-0.7%-4.3M251.4M-2.3M0.946.45N/AN/A14,32613,455201,160193,154
2022-05-13$58.39$60.0072.3%20.6%96.4%71.6%73.4%3.6%-0.7%-3.7M126.3M-2.4M1.187.48N/AN/A19,19322,556204,201196,773
2022-05-16$60.34$60.0072.0%20.6%97.4%70.7%71.7%4.7%-1.7%-3.4M68.3M-2.5M1.3112.17N/AN/A21,63028,399197,314202,929
2022-05-17$63.81$60.0067.8%19.4%100.9%58.4%67.5%4.7%-0.6%442.6K-74.0M-2.5M0.7411.23N/AN/A14,27910,632202,344193,102
2022-05-18$60.28$60.0071.3%20.4%101.3%68.5%71.3%5.5%-1.5%-1.3M54.2M-2.4M0.856.68N/AN/A10,1618,622203,099193,852
2022-05-19$62.61$60.0068.5%19.7%80.8%60.4%69.6%5.5%-0.8%561.7K-37.0M-2.5M0.5511.66N/AN/A18,90310,307205,261194,179
2022-05-20$60.32$60.0069.2%20.0%78.1%62.3%69.3%5.7%-2.2%1.5M49.4M-2.4M0.848.15N/AN/A12,54810,584208,793195,179
2022-05-23$63.07$60.0067.4%19.9%80.1%57.2%69.7%4.8%0.1%1.5M-95.1M-2.4M0.737.53N/AN/A13,2629,744146,861158,211
2022-05-24$61.54$60.0067.9%20.2%80.5%58.4%70.8%5.3%0.0%812.5K-47.3M-2.4M1.026.69N/AN/A6,3396,481151,405162,063
2022-05-25$60.98$61.0067.3%19.9%77.8%56.8%69.9%5.2%-0.4%420.8K-31.5M-2.3M0.826.52N/AN/A8,1426,643152,420163,763
2022-05-26$63.10$60.0064.4%18.8%79.2%48.2%64.7%4.5%-0.4%2.8M-98.8M-2.3M0.705.10N/AN/A10,3867,249154,541164,935
2022-05-27$64.56$60.0060.2%17.3%78.8%35.6%61.3%6.3%0.4%9.2M-146.5M-2.4M0.475.89N/AN/A19,0939,046157,574166,056
2022-05-31$61.50$60.0063.6%18.8%79.5%46.0%65.2%4.7%-1.6%721.4K-48.6M-2.2M0.907.76N/AN/A9,6138,670147,822158,575