AA Options History — November 2022

In November 2022, AA traded between $37.89 and $50.16. ATM implied volatility averaged 63.7%, placing in the 36.7% IV rank vs the trailing year. The 30-day expected move averaged 18.5%. IV traded below realized volatility by 15.2% (HV 20d: 78.9%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.97.

Notable Days

  • 2022-11-11: Highest Volume — 83,149 contracts
  • 2022-11-23: Largest IV drop — 4.2% change
  • 2022-11-15: Highest IV Rank — 47.2%
  • 2022-11-02: Largest Expected Move — 19.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.46$37.89$50.16$40.88$50.16
Max Pain$40.62$40.00$45.00$44.00$45.00
ATM IV63.7%57.4%66.7%63.4%57.4%
Expected Move18.5%17.0%19.5%19.0%17.0%
HV 20d78.9%63.2%86.1%63.2%78.3%
HV 60d77.4%72.0%80.7%72.3%77.8%
IV Rank36.7%14.6%47.2%36.9%14.6%
IV Percentile43.6%8.7%60.3%44.4%8.7%
Term Structure-0.0%-1.4%1.7%-0.1%0.4%
VWIV65.2%60.2%68.4%66.3%60.2%
Skew 25d3.8%2.8%5.5%2.9%4.0%
Skew 10d7.6%4.4%10.0%6.0%7.6%
Call IV 25d62.8%56.5%66.3%62.9%56.5%
Put IV 25d66.6%60.5%70.1%65.8%60.5%
Bid-Ask Spread %6.983.1414.584.073.72
Gamma HHI0.110.070.230.090.23
Net GEX5.5M213.3K12.4M5.5M12.4M
Net DEX-161.3M-341.1M103.8M-27.1M-316.8M
Net VEX-2.0M-2.2M-1.7M-1.9M-2.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.970.361.700.530.36
Total Volume32,441.52412,22883,14928,07447,472
Total OI375,881329,677414,180373,180381,467

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-11-01$40.88$44.0063.4%19.0%63.2%36.9%66.3%2.9%-0.1%5.5M-27.1M-1.9M0.534.07N/AN/A18,3459,729196,607176,573
2022-11-02$38.20$44.0064.3%19.5%67.8%38.9%68.4%3.3%-0.1%1.2M91.6M-1.7M0.769.35N/AN/A11,8799,059193,289178,645
2022-11-03$37.89$40.0064.7%18.6%67.7%40.0%65.0%3.3%0.7%213.3K103.8M-1.7M0.786.09N/AN/A13,68710,708191,910179,645
2022-11-04$42.51$40.0065.0%18.6%78.8%41.3%65.4%2.8%0.3%7.9M-107.0M-2.0M0.879.73N/AN/A25,88422,464197,544183,250
2022-11-07$41.59$40.0065.2%19.1%79.4%42.0%66.4%3.4%1.7%3.1M-21.3M-2.0M0.828.63N/AN/A15,12712,388186,153179,358
2022-11-08$43.23$40.0064.4%18.5%79.5%39.2%66.4%3.9%0.4%5.1M-96.1M-2.0M1.074.68N/AN/A9,46010,128192,752184,016
2022-11-09$40.54$40.0066.3%19.4%80.3%45.8%67.5%4.7%1.2%2.7M18.3M-1.9M0.958.57N/AN/A18,79117,889194,220185,459
2022-11-10$44.11$40.0064.3%18.5%85.6%38.6%66.7%4.6%0.3%6.4M-139.7M-2.1M0.727.40N/AN/A20,38214,767199,380191,203
2022-11-11$47.87$40.0066.3%19.1%86.1%45.6%67.2%3.9%0.1%8.1M-327.1M-2.2M0.809.97N/AN/A46,19636,953201,594193,485
2022-11-14$48.50$40.0065.3%18.7%85.8%42.1%66.1%3.7%0.0%6.8M-297.6M-2.2M1.2314.58N/AN/A13,37716,428197,800189,194
2022-11-15$49.42$40.0066.7%19.2%85.8%47.2%67.3%3.8%-0.1%7.1M-341.1M-2.2M1.1611.38N/AN/A10,88212,618200,003192,157
2022-11-16$48.64$40.0065.3%18.7%82.4%42.3%67.6%5.5%0.6%6.3M-312.0M-2.2M1.076.12N/AN/A12,23513,050204,426195,832
2022-11-17$47.18$40.0066.6%19.1%82.8%46.6%66.6%4.7%-1.1%5.3M-235.5M-2.1M1.7012.74N/AN/A10,78118,381207,014200,818
2022-11-18$47.48$40.0065.1%18.8%81.5%41.6%65.4%3.6%-0.5%4.2M-250.9M-2.1M1.224.66N/AN/A11,35913,885209,184204,996
2022-11-21$46.78$40.0064.4%18.3%79.5%39.1%64.4%3.3%-1.1%3.7M-149.0M-2.1M1.264.18N/AN/A14,03917,630167,955161,722
2022-11-22$49.40$40.0062.8%18.0%79.2%33.6%63.3%3.5%-0.6%5.4M-250.2M-2.1M1.163.62N/AN/A18,18621,065171,796168,204
2022-11-23$48.64$40.0060.2%17.4%79.3%24.5%61.3%4.2%-1.4%6.8M-230.2M-2.1M1.016.92N/AN/A16,24716,459179,179173,425
2022-11-25$47.85$40.0059.4%17.1%78.3%21.8%61.1%3.7%-0.0%5.6M-196.0M-2.1M0.733.92N/AN/A7,0675,161188,906178,210
2022-11-28$46.11$40.0060.5%18.2%77.7%25.7%63.8%3.7%-0.7%4.5M-114.2M-2.0M0.573.14N/AN/A20,74611,725181,413168,817
2022-11-29$47.66$40.0059.7%17.7%77.9%22.6%61.9%3.9%0.0%8.0M-190.3M-2.0M1.513.16N/AN/A11,42717,216190,592175,308
2022-11-30$50.16$45.0057.4%17.0%78.3%14.6%60.2%4.0%0.4%12.4M-316.8M-2.1M0.363.72N/AN/A34,98012,492192,453189,014