AA Options History — August 2023

In August 2023, AA traded between $28.30 and $35.23. ATM implied volatility averaged 46.4%, placing in the 11.2% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded above realized volatility by 0.8% (HV 20d: 45.6%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 6 of 23 trading days. Term structure was in contango for 16 of 23 days. Put/call ratio averaged 0.73.

Notable Days

  • 2023-08-14: Highest Volume — 54,657 contracts
  • 2023-08-14: Largest IV spike — 6.6% change
  • 2023-08-17: Highest IV Rank — 21.3%
  • 2023-08-17: Largest Expected Move — 14.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.00$28.30$35.23$35.23$30.04
Max Pain$31.30$30.00$35.00$35.00$30.00
ATM IV46.4%43.1%50.1%44.3%43.4%
Expected Move13.2%11.7%14.4%12.7%12.0%
HV 20d45.6%30.7%57.4%55.9%32.4%
HV 60d46.3%43.3%47.6%47.1%43.3%
IV Rank11.2%2.0%21.3%5.4%2.9%
IV Percentile12.1%0.8%34.5%1.6%1.2%
Term Structure0.3%-1.6%2.1%-0.4%0.6%
VWIV47.2%40.9%53.1%45.6%42.5%
Skew 25d1.6%0.8%2.4%0.9%1.6%
Skew 10d2.7%1.5%4.4%1.9%1.8%
Call IV 25d46.6%42.5%51.7%44.8%43.0%
Put IV 25d48.2%44.5%53.3%45.8%44.6%
Bid-Ask Spread %3.702.536.552.853.69
Gamma HHI0.150.080.290.150.14
Net GEX-1.2M-7.7M3.5M2.2M3.5M
Net DEX149.8M57.5M232.3M57.5M92.5M
Net VEX-1.4M-1.5M-1.2M-1.5M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.152.330.730.40
Total Volume23,418.78312,13154,65713,65826,352
Total OI346,286.478307,201395,617307,201368,791

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$35.23$35.0044.3%12.7%55.9%5.4%45.6%0.9%-0.4%2.2M57.5M-1.5M0.732.85N/AN/A7,9115,747134,248172,953
2023-08-02$33.89$35.0046.8%13.4%57.4%12.2%48.5%1.2%-0.8%-150.3K113.2M-1.5M0.153.51N/AN/A39,5175,816137,885175,373
2023-08-03$34.63$35.0046.7%13.5%55.7%11.9%47.9%1.2%-0.7%1.6M74.4M-1.5M0.634.84N/AN/A8,7885,508145,857176,927
2023-08-04$33.89$35.0046.4%13.5%53.6%11.2%47.5%1.2%-0.9%-882.4K110.8M-1.5M1.186.55N/AN/A7,5258,854149,743180,045
2023-08-07$33.94$35.0044.5%13.3%53.6%5.8%46.6%1.0%2.1%66.3K105.8M-1.5M0.392.59N/AN/A8,7493,436140,892175,081
2023-08-08$33.19$35.0045.2%13.3%53.9%7.8%51.9%0.9%1.3%-1.5M138.3M-1.4M0.782.53N/AN/A14,72211,417142,678176,973
2023-08-09$33.75$30.0045.1%13.3%53.9%7.5%47.5%0.8%1.3%-359.1K96.8M-1.5M0.385.18N/AN/A11,5554,343147,994185,313
2023-08-10$32.69$30.0045.1%13.2%52.5%7.6%47.0%1.3%1.2%-3.2M146.5M-1.4M0.942.77N/AN/A9,0798,514153,582187,243
2023-08-11$31.98$30.0045.0%13.3%48.6%7.3%46.8%1.2%1.7%-7.7M179.5M-1.4M0.443.23N/AN/A30,49113,450155,182192,005
2023-08-14$31.84$30.0048.0%14.0%46.8%15.5%48.3%2.4%-1.6%-2.9M161.3M-1.4M0.193.15N/AN/A46,0658,592156,472188,231
2023-08-15$30.31$30.0049.3%14.2%49.2%19.0%50.2%2.2%-0.7%-3.7M195.6M-1.3M0.363.66N/AN/A10,8553,871171,826190,474
2023-08-16$29.14$30.0049.1%14.1%50.5%18.4%49.3%1.7%-0.4%-4.4M232.3M-1.2M0.613.53N/AN/A19,77111,994177,572191,339
2023-08-17$28.98$30.0050.1%14.4%46.3%21.3%53.1%1.6%0.2%-3.3M216.1M-1.3M0.833.12N/AN/A13,18910,944196,625194,205
2023-08-18$28.87$30.0050.0%14.3%45.3%21.0%50.3%2.1%0.5%-2.2M223.2M-1.3M1.172.74N/AN/A13,24115,494198,317197,300
2023-08-21$28.54$30.0048.8%13.9%44.7%17.7%49.8%2.3%0.0%-1.8M183.7M-1.3M0.413.39N/AN/A19,6148,018156,813174,955
2023-08-22$28.79$30.0047.9%13.5%38.6%15.3%47.3%2.0%0.0%-1.2M169.4M-1.3M0.333.44N/AN/A9,1083,023168,709176,956
2023-08-23$28.77$30.0047.1%13.2%38.3%12.9%47.7%2.0%0.2%-1.1M169.1M-1.3M1.363.82N/AN/A6,1918,438174,109177,954
2023-08-24$28.70$30.0047.0%13.3%38.0%12.7%46.8%1.1%0.5%-1.0M165.6M-1.3M1.373.70N/AN/A6,0348,263175,213177,759
2023-08-25$28.30$30.0045.8%12.6%36.7%9.4%44.5%1.8%1.1%-1.3M189.6M-1.3M0.634.08N/AN/A12,8048,129176,151181,662
2023-08-28$28.49$30.0045.5%12.4%30.7%8.5%44.0%1.9%0.4%-1.1M167.6M-1.3M0.763.58N/AN/A10,9448,359166,186175,982
2023-08-29$29.54$30.0043.1%11.7%34.5%2.0%40.9%2.1%0.8%963.9K128.2M-1.4M0.343.38N/AN/A17,7305,984173,852181,657
2023-08-30$29.48$30.0043.9%11.8%32.7%4.3%41.3%2.0%1.3%1.8M127.6M-1.4M2.335.66N/AN/A6,06214,141181,457184,048
2023-08-31$30.04$30.0043.4%12.0%32.4%2.9%42.5%1.6%0.6%3.5M92.5M-1.4M0.403.69N/AN/A18,8307,522184,408184,383