AA Options History — June 2022

In June 2022, AA traded between $45.43 and $65.35. ATM implied volatility averaged 70.3%, placing in the 65.2% IV rank vs the trailing year. The 30-day expected move averaged 20.2%. IV traded below realized volatility by 0.2% (HV 20d: 70.5%). Max pain ranged from $60.00 to $70.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 1.36.

Notable Days

2022-06-23: Highest Volume — 70,648 contracts
2022-06-13: Largest IV spike — 11.9% change
2022-06-16: Highest IV Rank — 86.4%
2022-06-13: Largest Expected Move — 22.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$53.56	$45.43	$65.35	$62.75	$45.43
Max Pain	$65.95	$60.00	$70.00	$60.00	$60.00
ATM IV	70.3%	59.6%	77.4%	62.8%	75.6%
Expected Move	20.2%	18.0%	22.3%	18.8%	20.1%
HV 20d	70.5%	60.7%	79.8%	79.8%	67.1%
HV 60d	75.0%	73.3%	77.4%	75.7%	75.1%
IV Rank	65.2%	33.1%	86.4%	43.4%	81.1%
IV Percentile	83.6%	52.8%	98.0%	67.1%	94.8%
Term Structure	0.5%	-1.4%	4.9%	-0.6%	0.2%
VWIV	70.6%	62.6%	79.2%	65.8%	69.8%
Skew 25d	7.2%	4.0%	10.3%	5.0%	6.3%
Skew 10d	14.5%	6.9%	20.0%	9.9%	15.5%
Call IV 25d	67.1%	57.1%	73.8%	61.1%	72.2%
Put IV 25d	74.3%	62.1%	83.6%	66.0%	78.5%
Bid-Ask Spread %	6.74	3.46	15.04	6.30	3.73
Gamma HHI	0.13	0.06	0.36	0.07	0.08
Net GEX	-2.3M	-8.8M	3.6M	1.3M	-3.8M
Net DEX	110.0M	-174.1M	255.6M	-81.8M	231.9M
Net VEX	-2.0M	-2.3M	-1.8M	-2.3M	-1.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.36	0.35	3.59	1.16	0.85
Total Volume	30,919.762	14,492	70,648	14,841	26,728
Total OI	324,912.571	282,181	374,548	313,179	315,456

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-06-01	$62.75	$60.00	62.8%	18.8%	79.8%	43.4%	65.8%	5.0%	-0.6%	1.3M	-81.8M	-2.3M	1.16	6.30	N/A	N/A	6,859	7,982	151,640	161,539
2022-06-02	$63.74	$70.00	61.8%	18.0%	78.5%	40.5%	63.3%	5.6%	-1.4%	2.3M	-112.1M	-2.3M	0.98	13.23	N/A	N/A	7,320	7,172	153,611	163,535
2022-06-03	$61.61	$70.00	61.8%	18.7%	75.9%	40.4%	65.4%	4.8%	-1.2%	467.1K	-48.8M	-2.2M	1.16	15.04	N/A	N/A	9,923	11,480	155,480	164,154
2022-06-06	$63.70	$70.00	60.9%	18.2%	75.9%	37.9%	64.1%	5.0%	2.2%	1.8M	-110.4M	-2.2M	0.81	11.98	N/A	N/A	9,359	7,557	152,535	163,648
2022-06-07	$65.35	$70.00	59.6%	18.2%	60.7%	34.1%	62.6%	5.6%	3.7%	3.6M	-174.1M	-2.2M	1.32	13.34	N/A	N/A	9,976	13,164	156,157	164,892
2022-06-08	$62.50	$70.00	59.8%	18.6%	63.0%	33.1%	64.8%	4.0%	4.9%	1.9M	-77.9M	-2.2M	1.64	9.42	N/A	N/A	8,946	14,630	159,886	167,545
2022-06-09	$55.85	$70.00	65.7%	20.0%	75.3%	51.1%	67.9%	6.3%	4.6%	-2.7M	125.3M	-2.0M	1.52	9.02	N/A	N/A	16,933	25,743	161,618	170,441
2022-06-10	$53.19	$70.00	68.7%	20.1%	75.4%	60.1%	70.0%	6.0%	2.3%	-3.7M	200.5M	-2.0M	1.01	5.69	N/A	N/A	12,002	12,149	168,826	182,119
2022-06-13	$49.51	$70.00	76.8%	22.3%	74.1%	84.6%	76.6%	9.8%	0.2%	-3.9M	254.9M	-1.8M	0.35	3.86	N/A	N/A	34,471	11,979	162,178	179,458
2022-06-14	$48.74	$70.00	76.6%	22.1%	72.5%	84.0%	79.2%	10.3%	0.5%	-3.6M	255.6M	-1.9M	0.68	4.56	N/A	N/A	13,320	9,120	169,659	180,525
2022-06-15	$51.10	$65.00	73.9%	21.2%	71.5%	75.7%	73.8%	7.7%	-0.1%	-3.2M	195.6M	-2.0M	0.86	5.13	N/A	N/A	13,980	11,958	173,132	181,189
2022-06-16	$49.64	$65.00	77.4%	22.2%	69.8%	86.4%	76.8%	7.6%	-0.2%	-4.1M	226.1M	-1.9M	1.65	6.85	N/A	N/A	13,906	23,004	176,452	184,397
2022-06-17	$49.53	$65.00	75.2%	21.4%	67.6%	79.6%	77.4%	9.9%	1.2%	-8.8M	246.2M	-2.0M	2.15	4.01	N/A	N/A	12,458	26,758	180,012	194,536
2022-06-21	$50.22	$65.00	74.4%	21.1%	67.4%	77.4%	74.6%	8.8%	-1.1%	-3.5M	150.5M	-1.9M	2.19	4.46	N/A	N/A	11,133	24,355	122,966	159,215
2022-06-22	$48.95	$65.00	74.5%	21.1%	64.6%	77.5%	73.9%	9.7%	-0.9%	-3.8M	178.7M	-1.9M	1.38	4.01	N/A	N/A	9,510	13,127	127,184	160,985
2022-06-23	$46.66	$65.00	77.3%	21.8%	65.7%	86.1%	76.9%	8.5%	-1.0%	-3.9M	223.6M	-1.8M	2.28	4.49	N/A	N/A	21,529	49,119	130,830	168,492
2022-06-24	$49.61	$65.00	73.5%	20.1%	70.9%	74.5%	70.2%	8.4%	-0.3%	-3.8M	137.2M	-2.0M	1.03	3.46	N/A	N/A	16,129	16,619	137,056	180,726
2022-06-27	$49.80	$60.00	72.1%	19.8%	69.2%	70.4%	68.6%	8.5%	-0.7%	-3.8M	146.7M	-2.0M	0.89	3.95	N/A	N/A	10,094	9,017	131,074	180,968
2022-06-28	$49.37	$60.00	73.2%	20.6%	68.0%	73.6%	70.8%	6.7%	-0.3%	-3.9M	154.9M	-1.9M	3.59	5.35	N/A	N/A	14,724	52,914	134,444	183,792
2022-06-29	$47.59	$60.00	74.8%	20.4%	67.3%	78.5%	70.3%	6.6%	-1.4%	-3.1M	186.5M	-1.9M	1.08	3.66	N/A	N/A	10,643	11,525	139,318	171,494
2022-06-30	$45.43	$60.00	75.6%	20.1%	67.1%	81.1%	69.8%	6.3%	0.2%	-3.8M	231.9M	-1.8M	0.85	3.73	N/A	N/A	14,446	12,282	142,549	172,907