AA Options History — April 2023

In April 2023, AA traded between $35.23 and $42.00. ATM implied volatility averaged 54.1%, placing in the 24.8% IV rank vs the trailing year. The 30-day expected move averaged 15.5%. IV traded above realized volatility by 6.4% (HV 20d: 47.7%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 2 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.80.

Notable Days

  • 2023-04-20: Highest Volume — 49,861 contracts
  • 2023-04-20: Largest IV drop — 13.8% change
  • 2023-04-06: Highest IV Rank — 42.5%
  • 2023-04-05: Largest Expected Move — 18.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.32$35.23$42.00$41.86$37.11
Max Pain$43.95$40.00$45.00$45.00$40.00
ATM IV54.1%45.2%60.3%56.5%47.2%
Expected Move15.5%12.9%18.4%16.7%13.4%
HV 20d47.7%33.2%66.0%66.0%44.8%
HV 60d55.1%53.6%58.7%58.4%53.6%
IV Rank24.8%0.0%42.5%31.0%5.8%
IV Percentile18.2%0.0%36.1%19.0%2.0%
Term Structure-0.6%-1.6%1.8%0.0%0.4%
VWIV54.1%44.9%63.9%60.2%46.8%
Skew 25d4.5%2.9%6.1%6.1%4.0%
Skew 10d8.9%7.0%11.9%11.9%7.6%
Call IV 25d52.6%43.9%58.7%54.3%46.1%
Put IV 25d57.1%48.2%63.6%60.3%50.1%
Bid-Ask Spread %4.162.689.903.063.56
Gamma HHI0.110.080.250.100.14
Net GEX-2.4M-6.6M231.1K-1.8M-2.7M
Net DEX175.5M96.6M253.0M136.2M179.4M
Net VEX-1.5M-1.7M-1.3M-1.7M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.271.550.920.82
Total Volume23,267.57911,84349,86112,66226,698
Total OI301,794.316272,190346,750272,190307,178

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$41.86$45.0056.5%16.7%66.0%31.0%60.2%6.1%0.0%-1.8M136.2M-1.7M0.923.06N/AN/A6,5896,073115,251156,939
2023-04-04$40.22$45.0059.6%18.2%63.6%40.4%63.3%5.5%-0.7%-3.4M177.4M-1.6M1.075.54N/AN/A11,26812,099118,300160,474
2023-04-05$39.36$45.0060.0%18.4%62.9%41.7%63.9%5.5%-0.2%-4.1M196.5M-1.6M0.503.50N/AN/A7,8983,945124,071165,606
2023-04-06$38.98$45.0060.3%16.7%59.5%42.5%58.1%4.9%-1.0%-3.7M213.0M-1.6M0.674.44N/AN/A8,2075,532124,562167,110
2023-04-10$39.70$45.0059.8%16.8%57.1%41.2%58.2%5.1%-0.8%-2.3M176.4M-1.6M0.827.18N/AN/A7,0065,738120,948159,552
2023-04-11$40.78$45.0059.8%17.0%58.2%41.0%57.8%4.9%-0.4%-1.1M142.1M-1.7M0.279.90N/AN/A29,7527,975125,221163,386
2023-04-12$39.86$45.0059.8%16.7%58.5%41.2%58.0%4.9%-1.6%-1.3M166.3M-1.6M0.652.73N/AN/A7,5304,904137,393167,426
2023-04-13$41.19$45.0058.3%16.5%41.8%36.4%56.9%3.9%-0.9%231.1K118.6M-1.7M0.772.68N/AN/A7,9826,185140,404169,191
2023-04-14$40.45$45.0055.0%15.5%40.3%26.2%54.2%3.8%-1.3%-1.5M151.5M-1.6M0.463.37N/AN/A15,2016,996143,570170,755
2023-04-17$40.66$45.0053.6%15.3%37.9%21.8%53.6%5.0%-0.9%-1.1M149.8M-1.6M1.553.46N/AN/A5,5828,658140,888167,784
2023-04-18$42.00$45.0054.1%15.5%39.0%23.5%53.5%4.3%-1.6%200.0K96.6M-1.7M0.824.60N/AN/A8,3276,818143,046172,823
2023-04-19$41.25$45.0052.5%15.0%35.1%18.3%52.3%3.9%-1.0%-537.6K127.5M-1.6M0.693.54N/AN/A21,66714,854146,027176,100
2023-04-20$40.20$45.0045.2%12.9%33.2%0.0%44.9%4.3%1.8%-4.7M191.0M-1.5M0.993.93N/AN/A25,06324,798160,486185,118
2023-04-21$38.05$45.0047.4%13.6%38.5%6.4%47.9%2.9%0.3%-6.6M253.0M-1.4M0.833.20N/AN/A23,78319,702163,640183,110
2023-04-24$38.03$45.0046.2%13.3%38.5%2.9%46.9%3.4%-0.4%-2.6M189.5M-1.4M0.673.28N/AN/A9,8926,613120,224157,174
2023-04-25$35.78$40.0051.4%14.9%43.6%18.4%51.7%4.5%-0.9%-3.5M236.2M-1.3M0.384.52N/AN/A34,55413,073125,138160,140
2023-04-26$35.23$40.0052.2%15.0%43.6%20.7%53.7%5.1%-0.7%-3.0M232.3M-1.3M1.303.03N/AN/A7,0449,191132,852162,016
2023-04-27$36.28$40.0048.9%13.8%44.7%11.1%46.6%4.0%-0.7%-2.4M201.4M-1.4M0.963.46N/AN/A7,5827,305135,414164,775
2023-04-28$37.11$40.0047.2%13.4%44.8%5.8%46.8%4.0%0.4%-2.7M179.4M-1.4M0.823.56N/AN/A14,69812,000138,372168,806