AA Options History — October 2023

In October 2023, AA traded between $23.41 and $28.82. ATM implied volatility averaged 54.7%, placing in the 41.2% IV rank vs the trailing year. The 30-day expected move averaged 16.0%. IV traded below realized volatility by 2.5% (HV 20d: 57.1%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 4 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.76.

Notable Days

  • 2023-10-10: Highest Volume — 47,690 contracts
  • 2023-10-19: Largest IV drop — 13.0% change
  • 2023-10-18: Highest IV Rank — 48.5%
  • 2023-10-03: Largest Expected Move — 17.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.02$23.41$28.82$28.82$25.66
Max Pain$28.77$25.00$30.00$30.00$25.00
ATM IV54.7%49.8%58.8%55.4%50.6%
Expected Move16.0%14.7%17.8%16.8%15.4%
HV 20d57.1%46.7%61.9%60.1%55.4%
HV 60d49.2%47.0%51.0%49.9%51.0%
IV Rank41.2%28.4%48.5%39.0%39.0%
IV Percentile59.1%40.9%72.2%59.9%45.6%
Term Structure-0.7%-4.3%0.8%-1.3%0.3%
VWIV55.4%51.3%61.5%59.0%53.6%
Skew 25d2.8%1.1%3.8%2.2%3.3%
Skew 10d5.4%2.9%8.5%5.1%6.8%
Call IV 25d54.0%48.7%57.3%54.9%50.3%
Put IV 25d56.8%51.5%60.5%57.1%53.6%
Bid-Ask Spread %4.382.587.894.053.88
Gamma HHI0.130.090.220.090.15
Net GEX-1.5M-4.0M2.0M-968.6K2.0M
Net DEX154.1M57.6M274.3M96.5M57.6M
Net VEX-1.5M-1.7M-1.3M-1.7M-1.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.131.411.060.81
Total Volume22,541.4097,82147,69014,11212,022
Total OI420,076.045366,594480,559386,285419,928

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-10-02$28.82$30.0055.4%16.8%60.1%39.0%59.0%2.2%-1.3%-968.6K96.5M-1.7M1.064.05N/AN/A6,8457,267169,448216,837
2023-10-03$27.74$30.0057.8%17.8%60.8%45.3%61.5%2.7%-1.2%-1.9M140.1M-1.6M1.254.20N/AN/A4,5465,679172,477220,529
2023-10-04$27.16$30.0057.9%17.6%61.1%46.2%60.7%3.0%-2.3%-2.6M169.2M-1.5M0.633.79N/AN/A10,0796,345173,217223,738
2023-10-05$26.59$30.0057.6%16.3%57.8%45.5%55.9%3.1%-1.2%-2.9M189.9M-1.5M0.794.45N/AN/A5,6514,472174,082224,564
2023-10-06$27.27$30.0056.4%16.0%58.6%42.3%54.1%2.3%-0.9%-2.8M162.9M-1.5M1.156.04N/AN/A12,46514,276176,451226,236
2023-10-09$27.20$30.0057.6%16.4%58.2%45.4%56.3%2.4%-0.0%-1.9M153.8M-1.5M0.714.88N/AN/A6,1074,311173,895224,311
2023-10-10$28.23$30.0056.0%15.7%59.7%41.1%55.9%2.3%-1.0%-889.9K110.4M-1.6M0.753.06N/AN/A27,17520,515177,528226,415
2023-10-11$28.06$30.0055.4%15.6%59.5%39.7%54.5%2.6%-1.0%7.4K99.5M-1.7M0.993.65N/AN/A6,5186,438199,811244,039
2023-10-12$26.84$30.0056.2%16.2%57.0%41.6%56.4%3.3%0.7%-1.6M157.7M-1.6M1.175.27N/AN/A13,19415,477202,320246,058
2023-10-13$26.64$30.0057.8%16.6%54.7%46.0%57.7%3.3%0.2%-2.3M161.5M-1.7M0.765.36N/AN/A6,0144,557207,369250,583
2023-10-16$26.84$30.0055.4%15.9%54.8%39.5%54.0%2.3%-3.3%-2.2M152.2M-1.6M0.757.89N/AN/A8,5466,375198,219244,851
2023-10-17$27.69$30.0055.3%15.8%55.9%39.3%55.4%1.1%-2.1%-1.4M106.9M-1.7M0.392.58N/AN/A11,8564,636201,536244,988
2023-10-18$26.63$30.0058.8%16.9%55.4%48.5%57.9%2.4%-4.3%-2.2M155.9M-1.6M1.414.43N/AN/A12,29017,330206,077246,103
2023-10-19$24.26$30.0051.1%14.7%61.9%28.4%51.9%2.9%-0.0%-4.0M270.8M-1.3M0.974.50N/AN/A23,24322,621213,519253,917
2023-10-20$23.91$30.0052.6%15.2%61.5%32.4%53.8%2.4%-1.0%-3.2M274.3M-1.4M0.613.22N/AN/A19,24811,833221,772258,787
2023-10-23$23.45$30.0052.1%15.2%57.7%40.0%52.5%3.4%0.5%-1.8M182.5M-1.3M0.262.77N/AN/A24,3876,380162,269204,325
2023-10-24$23.41$26.0049.8%14.7%57.1%32.1%51.3%2.8%0.7%-1.3M178.2M-1.3M0.582.84N/AN/A9,8835,761181,438207,626
2023-10-25$23.81$26.0051.6%15.3%57.3%38.4%53.8%3.2%0.8%-267.3K160.1M-1.4M0.134.52N/AN/A41,7755,320188,985208,883
2023-10-26$23.61$26.0051.8%15.5%49.8%42.7%54.1%3.8%0.5%308.6K158.3M-1.5M0.844.53N/AN/A4,2533,568203,821214,315
2023-10-27$23.41$25.0052.9%15.6%46.7%47.6%53.9%3.5%0.5%-1.0M166.8M-1.4M0.616.71N/AN/A14,3048,737205,672215,779
2023-10-30$25.29$25.0052.4%15.8%56.2%45.9%54.8%3.4%0.1%731.2K86.0M-1.6M0.183.74N/AN/A28,5815,031194,575214,380
2023-10-31$25.66$25.0050.6%15.4%55.4%39.0%53.6%3.3%0.3%2.0M57.6M-1.7M0.813.88N/AN/A6,6465,376205,264214,664