AA Options History — July 2022

In July 2022, AA traded between $40.70 and $50.96. ATM implied volatility averaged 69.3%, placing in the 62.0% IV rank vs the trailing year. The 30-day expected move averaged 19.6%. IV traded above realized volatility by 7.0% (HV 20d: 62.3%). Max pain ranged from $47.00 to $60.00. Net GEX was positive for 7 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 1.28.

Notable Days

  • 2022-07-21: Highest Volume — 54,285 contracts
  • 2022-07-21: Largest IV drop — 11.8% change
  • 2022-07-05: Highest IV Rank — 82.8%
  • 2022-07-12: Largest Expected Move — 22.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.85$40.70$50.96$44.87$50.96
Max Pain$50.10$47.00$60.00$60.00$47.00
ATM IV69.3%57.0%76.2%73.1%57.0%
Expected Move19.6%15.9%22.2%19.1%15.9%
HV 20d62.3%55.1%71.7%66.1%55.1%
HV 60d73.3%68.0%78.5%75.0%68.5%
IV Rank62.0%24.8%82.8%73.3%24.8%
IV Percentile74.8%26.2%95.6%90.5%26.2%
Term Structure-0.7%-2.9%1.2%-0.9%-0.2%
VWIV69.2%56.1%81.0%67.0%56.1%
Skew 25d7.8%5.6%9.8%8.1%6.5%
Skew 10d16.0%8.5%20.1%17.8%12.1%
Call IV 25d66.0%54.1%72.4%70.6%54.1%
Put IV 25d73.8%60.6%80.9%78.7%60.6%
Bid-Ask Spread %6.573.1115.713.795.29
Gamma HHI0.090.060.170.080.08
Net GEX-887.7K-3.8M5.1M-3.8M1.5M
Net DEX141.8M-63.6M281.8M243.8M-63.6M
Net VEX-1.8M-2.0M-1.6M-1.8M-2.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.280.731.971.370.73
Total Volume28,808.7515,03154,28537,76233,723
Total OI302,566.2249,870334,608322,605296,375

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-07-01$44.87$60.0073.1%19.1%66.1%73.3%67.0%8.1%-0.9%-3.8M243.8M-1.8M1.373.79N/AN/A15,92421,838145,550177,055
2022-07-05$41.95$55.0076.2%21.8%68.2%82.8%74.6%8.3%-1.4%-3.3M281.8M-1.6M1.436.36N/AN/A13,67419,618136,264172,535
2022-07-06$42.94$55.0075.4%20.6%67.2%80.4%74.8%7.6%0.0%-3.0M252.5M-1.7M1.554.21N/AN/A11,16017,344141,550175,191
2022-07-07$45.73$50.0072.4%20.4%71.7%71.4%69.7%7.0%-0.8%-2.6M179.8M-1.9M0.8710.18N/AN/A19,63317,120146,252175,421
2022-07-08$45.14$50.0070.8%19.9%71.1%66.6%69.4%7.3%-0.8%-2.5M198.7M-1.9M0.8514.78N/AN/A8,8087,529152,472182,136
2022-07-11$42.73$50.0074.4%20.8%63.2%77.3%74.7%8.5%-1.4%-2.7M234.1M-1.7M1.0911.10N/AN/A8,4939,255145,684167,083
2022-07-12$42.32$50.0075.9%22.2%61.8%82.0%75.2%8.6%1.2%-3.0M234.9M-1.7M1.3315.71N/AN/A7,4979,997149,016168,269
2022-07-13$43.26$50.0075.4%20.7%58.6%80.4%75.1%8.1%-2.9%-3.2M220.6M-1.7M1.119.58N/AN/A7,1387,893150,901171,402
2022-07-14$40.70$50.0075.0%21.5%61.6%79.1%74.0%8.4%-0.1%-3.0M267.1M-1.6M1.117.47N/AN/A12,99814,372152,408170,865
2022-07-15$42.71$50.0072.7%20.4%61.7%72.2%74.3%8.3%-1.9%-1.2M217.9M-1.7M0.914.36N/AN/A14,21912,972155,662171,338
2022-07-18$43.19$50.0074.6%21.3%61.6%78.0%81.0%9.8%-1.6%-1.1M115.4M-1.7M1.846.25N/AN/A10,08318,533114,479135,391
2022-07-19$44.77$50.0071.8%20.5%63.5%69.4%71.6%9.4%-0.6%-658.2K87.4M-1.8M1.133.50N/AN/A12,91114,596118,826148,489
2022-07-20$44.71$50.0070.2%20.1%63.1%64.8%70.9%9.1%-0.4%-691.5K95.0M-1.8M1.144.16N/AN/A21,58824,682121,350153,659
2022-07-21$44.87$50.0062.0%17.8%62.8%39.8%61.5%8.7%0.3%1.5M92.3M-1.8M0.943.11N/AN/A27,99726,288134,274166,977
2022-07-22$45.70$47.0062.5%18.0%61.0%41.4%63.7%6.9%-1.1%5.1M48.4M-1.9M1.124.02N/AN/A18,06020,297140,069171,935
2022-07-25$46.54$47.0063.6%18.2%57.0%44.8%64.2%7.4%-0.7%297.2K57.8M-1.9M1.494.14N/AN/A10,29215,292121,844151,925
2022-07-26$46.93$47.0063.1%18.1%57.1%43.3%64.2%6.5%0.0%583.2K52.1M-1.9M1.734.83N/AN/A9,26115,980126,188158,385
2022-07-27$47.84$47.0061.0%17.3%57.6%37.0%63.6%5.6%-0.1%1.5M26.8M-1.9M1.974.21N/AN/A6,49012,809129,771160,624
2022-07-28$49.13$47.0059.1%16.5%56.8%31.0%58.9%6.1%-0.1%2.4M-7.3M-1.9M1.804.31N/AN/A7,06512,746130,209163,500
2022-07-29$50.96$47.0057.0%15.9%55.1%24.8%56.1%6.5%-0.2%1.5M-63.6M-2.0M0.735.29N/AN/A19,49114,232130,879165,496