AA Options History — August 2022

In August 2022, AA traded between $47.92 and $56.84. ATM implied volatility averaged 57.3%, placing in the 25.8% IV rank vs the trailing year. The 30-day expected move averaged 16.4%. IV traded above realized volatility by 8.9% (HV 20d: 48.4%). Max pain ranged from $47.00 to $55.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 0.93.

Notable Days

  • 2022-08-30: Highest Volume — 48,665 contracts
  • 2022-08-22: Largest IV spike — 6.2% change
  • 2022-08-30: Highest IV Rank — 42.6%
  • 2022-08-30: Largest Expected Move — 18.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.67$47.92$56.84$48.33$49.62
Max Pain$54.00$47.00$55.00$47.00$55.00
ATM IV57.3%53.1%62.9%60.5%62.5%
Expected Move16.4%15.2%18.2%17.1%18.1%
HV 20d48.4%38.1%61.3%58.7%61.3%
HV 60d61.4%58.3%68.5%68.5%62.2%
IV Rank25.8%13.2%42.6%35.3%41.5%
IV Percentile27.3%8.7%56.7%43.7%52.8%
Term Structure-0.0%-1.3%0.9%-1.0%0.2%
VWIV58.1%54.3%64.3%61.7%62.7%
Skew 25d4.6%2.5%6.5%6.5%4.2%
Skew 10d9.0%4.2%14.8%14.8%8.6%
Call IV 25d55.8%51.5%61.6%58.2%61.5%
Put IV 25d60.4%55.2%65.7%64.7%65.6%
Bid-Ask Spread %4.752.818.123.643.91
Gamma HHI0.080.070.140.070.07
Net GEX3.0M523.7K7.1M807.4K523.7K
Net DEX-59.1M-229.2M45.9M34.5M45.9M
Net VEX-2.0M-2.2M-1.8M-1.9M-1.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.930.152.051.370.66
Total Volume22,604.69610,22648,66520,95723,082
Total OI298,484.609259,977324,442282,316305,359

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-08-01$48.33$47.0060.5%17.1%58.7%35.3%61.7%6.5%-1.0%807.4K34.5M-1.9M1.373.64N/AN/A8,84712,110125,055157,261
2022-08-02$48.78$47.5059.5%16.9%52.3%32.2%60.2%6.5%-0.9%914.6K25.7M-1.9M1.084.03N/AN/A8,5429,231127,590161,415
2022-08-03$48.51$47.5057.8%16.4%52.2%27.3%60.4%6.0%-0.7%963.7K27.9M-1.9M1.538.12N/AN/A7,51911,539130,508162,673
2022-08-04$47.92$55.0057.7%16.2%48.0%27.0%58.8%5.8%-0.8%626.8K44.4M-1.9M1.993.80N/AN/A9,79219,532131,982163,595
2022-08-05$49.42$55.0057.0%16.2%48.6%24.8%57.4%4.6%-1.3%623.9K-2.6M-1.9M1.334.44N/AN/A13,12417,425137,097165,021
2022-08-08$48.65$55.0057.0%16.2%44.1%24.8%58.5%5.3%-0.2%684.8K28.7M-1.9M2.054.99N/AN/A6,61013,575129,493158,263
2022-08-09$49.99$55.0056.7%16.4%44.2%23.9%57.1%5.2%0.8%1.4M-19.6M-1.9M0.764.19N/AN/A7,6125,778131,942162,014
2022-08-10$53.00$55.0055.3%15.8%47.5%19.7%55.9%3.4%0.1%3.6M-119.1M-2.0M0.676.18N/AN/A23,34715,533134,976164,557
2022-08-11$53.42$55.0053.9%15.6%39.4%15.3%55.3%3.4%0.9%5.2M-148.0M-2.1M0.605.56N/AN/A12,9447,763149,074172,044
2022-08-12$52.82$55.0053.3%15.3%38.1%13.7%54.3%3.6%0.4%6.2M-117.3M-2.0M1.316.96N/AN/A5,5117,195150,462173,980
2022-08-15$51.72$55.0055.1%15.9%39.7%18.9%54.5%4.4%0.2%2.9M-64.0M-1.9M0.475.60N/AN/A16,6487,790145,561166,951
2022-08-16$53.12$55.0053.1%15.3%39.0%13.2%54.9%4.7%0.6%4.2M-110.0M-2.0M0.634.34N/AN/A6,5934,130142,528168,815
2022-08-17$51.72$55.0055.2%15.8%40.9%19.4%55.0%5.1%-0.9%3.3M-68.6M-1.9M1.166.51N/AN/A4,7425,484143,709169,782
2022-08-18$53.85$55.0053.3%15.2%42.5%13.7%55.3%5.0%0.9%6.0M-138.2M-2.0M0.663.22N/AN/A8,9445,905145,149170,930
2022-08-19$51.05$55.0055.9%16.0%47.7%21.4%55.4%4.4%0.0%2.7M-42.2M-1.8M0.873.29N/AN/A8,1357,099145,804171,158
2022-08-22$50.05$55.0059.3%17.0%48.3%31.8%60.6%5.6%0.7%927.0K12.1M-1.8M1.064.38N/AN/A5,1505,466122,473137,504
2022-08-23$53.10$55.0058.6%16.8%52.2%29.6%59.2%4.9%0.0%2.5M-74.5M-1.9M0.544.12N/AN/A10,4825,671124,998139,191
2022-08-24$54.32$55.0059.1%16.8%52.3%31.1%58.9%3.5%0.3%3.7M-112.4M-2.0M0.154.52N/AN/A42,4546,189128,611141,994
2022-08-25$56.84$55.0056.5%16.1%53.7%23.3%56.4%2.5%-0.3%7.1M-229.2M-2.2M0.555.59N/AN/A23,54912,980157,658143,841
2022-08-26$55.62$55.0058.1%16.5%53.4%28.3%58.4%3.0%0.1%6.9M-177.3M-2.2M0.475.47N/AN/A14,6606,959160,222147,368
2022-08-29$55.79$55.0060.5%17.1%49.0%35.3%60.1%3.2%0.4%4.8M-160.9M-2.1M1.252.81N/AN/A6,9278,675152,455141,598
2022-08-30$50.78$55.0062.9%18.2%60.7%42.6%64.3%4.1%0.2%1.6M5.0M-2.0M0.323.56N/AN/A36,96811,697155,481147,004
2022-08-31$49.62$55.0062.5%18.1%61.3%41.5%62.7%4.2%0.2%523.7K45.9M-1.9M0.663.91N/AN/A13,9109,172151,804153,555