AA Options History — June 2023

In June 2023, AA traded between $32.64 and $36.61. ATM implied volatility averaged 47.4%, placing in the 8.8% IV rank vs the trailing year. The 30-day expected move averaged 14.5%. IV traded above realized volatility by 1.8% (HV 20d: 45.7%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.78.

Notable Days

  • 2023-06-02: Highest Volume — 37,031 contracts
  • 2023-06-20: Largest IV spike — 12.1% change
  • 2023-06-20: Highest IV Rank — 22.8%
  • 2023-06-20: Largest Expected Move — 15.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.55$32.64$36.61$32.64$33.94
Max Pain$38.26$35.00$40.00$37.00$35.00
ATM IV47.4%44.1%52.0%49.0%47.1%
Expected Move14.5%13.9%15.1%14.7%14.0%
HV 20d45.7%39.3%49.5%39.3%47.0%
HV 60d45.3%41.5%52.0%49.7%43.5%
IV Rank8.8%0.0%22.8%11.4%8.6%
IV Percentile8.8%0.0%28.6%11.9%7.1%
Term Structure1.4%-1.1%6.7%-0.7%-0.5%
VWIV51.0%49.1%54.4%54.4%49.5%
Skew 25d3.0%1.4%4.4%3.5%3.0%
Skew 10d6.0%2.5%8.5%8.1%5.7%
Call IV 25d46.5%43.5%51.1%48.2%46.3%
Put IV 25d49.6%46.1%55.5%51.7%49.3%
Bid-Ask Spread %3.022.044.273.443.61
Gamma HHI0.140.100.220.140.20
Net GEX-1.3M-4.6M2.2M-3.5M1.7M
Net DEX126.9M76.0M186.6M186.6M111.2M
Net VEX-1.3M-1.4M-1.2M-1.2M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.141.610.241.05
Total Volume18,640.5717,44737,03136,09012,452
Total OI286,278.905243,310323,862281,266290,118

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$32.64$37.0049.0%14.7%39.3%11.4%54.4%3.5%-0.7%-3.5M186.6M-1.2M0.243.44N/AN/A29,2196,871117,507163,759
2023-06-02$35.05$36.5046.5%13.9%46.8%3.9%49.7%3.1%-1.0%2.2M102.5M-1.4M0.893.45N/AN/A19,62417,407123,815169,031
2023-06-05$33.77$40.0046.5%14.7%44.0%3.7%51.8%3.4%0.9%-2.3M155.5M-1.3M1.012.66N/AN/A8,6918,753116,159166,281
2023-06-06$34.63$40.0045.5%14.5%44.7%0.8%50.6%2.8%0.8%-1.6M131.3M-1.3M0.843.18N/AN/A5,9725,035119,567170,781
2023-06-07$35.34$40.0045.9%14.6%45.4%2.0%49.8%2.7%0.6%-888.9K105.1M-1.4M0.283.02N/AN/A21,8996,183121,772173,594
2023-06-08$35.64$40.0044.6%14.6%45.4%0.0%50.9%3.0%1.6%430.1K88.3M-1.4M0.982.25N/AN/A3,7703,677134,338177,139
2023-06-09$35.09$40.0044.1%14.5%44.7%0.0%50.8%2.6%1.5%1.3M112.7M-1.4M0.812.04N/AN/A6,7645,512135,315178,944
2023-06-12$35.11$40.0045.7%14.7%44.7%4.6%51.9%2.8%5.3%-1.8M131.2M-1.4M0.733.50N/AN/A6,5904,784123,938171,657
2023-06-13$36.61$40.0046.0%14.9%44.7%5.3%51.5%2.5%6.0%381.3K76.0M-1.4M0.382.78N/AN/A14,8555,597127,327175,214
2023-06-14$36.17$40.0046.1%15.1%44.3%5.7%52.7%2.8%6.7%-189.2K94.9M-1.4M1.612.55N/AN/A6,44810,357131,020176,231
2023-06-15$35.95$40.0046.6%14.7%44.1%7.2%50.7%2.9%5.7%-545.3K99.9M-1.4M0.572.30N/AN/A9,6615,511134,258183,218
2023-06-16$35.56$40.0046.4%14.5%44.1%6.6%51.1%2.5%6.3%-1.2M112.8M-1.4M0.872.44N/AN/A8,3047,238137,412186,450
2023-06-20$34.38$40.0052.0%15.1%45.2%22.8%53.0%4.4%-1.1%-2.5M148.3M-1.3M1.232.73N/AN/A6,7418,32187,388155,922
2023-06-21$35.03$40.0049.8%14.3%45.7%16.3%50.7%4.1%-0.8%-1.8M131.5M-1.3M1.303.26N/AN/A7,3329,55490,336161,511
2023-06-22$33.25$40.0051.1%14.7%48.9%20.0%51.2%3.6%-1.0%-3.8M181.3M-1.3M0.712.62N/AN/A12,3438,81795,364167,888
2023-06-23$32.67$35.0049.2%14.2%47.1%14.6%49.9%1.4%-0.7%-4.6M180.3M-1.3M0.972.88N/AN/A10,52910,223100,174168,324
2023-06-26$33.03$35.0048.8%14.1%47.1%13.4%49.1%3.4%-0.6%-2.9M150.7M-1.3M0.854.27N/AN/A8,8987,54998,034160,630
2023-06-27$34.42$35.0049.0%14.3%49.5%13.9%49.9%2.8%0.0%-1.3M105.8M-1.4M0.513.92N/AN/A9,7804,947102,846165,516
2023-06-28$33.73$35.0048.4%14.2%48.9%12.3%49.5%3.0%-0.0%-1.5M128.2M-1.3M0.443.49N/AN/A8,2933,611108,203167,283
2023-06-29$33.58$35.0048.1%14.3%47.5%11.4%51.4%2.9%0.0%-1.9M130.0M-1.3M0.143.06N/AN/A29,2894,051109,144168,449
2023-06-30$33.94$35.0047.1%14.0%47.0%8.6%49.5%3.0%-0.5%1.7M111.2M-1.4M1.053.61N/AN/A6,0776,375120,433169,685