AA Options History — January 2024

In January 2024, AA traded between $26.82 and $33.06. ATM implied volatility averaged 53.3%, placing in the 51.1% IV rank vs the trailing year. The 30-day expected move averaged 15.4%. IV traded below realized volatility by 8.8% (HV 20d: 62.1%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.84.

Notable Days

  • 2024-01-18: Highest Volume — 75,151 contracts
  • 2024-01-18: Largest IV drop — 13.9% change
  • 2024-01-17: Highest IV Rank — 76.5%
  • 2024-01-03: Largest Expected Move — 18.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.10$26.82$33.06$33.06$29.86
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV53.3%48.3%59.7%54.8%50.8%
Expected Move15.4%13.9%18.4%16.2%14.8%
HV 20d62.1%48.0%79.9%79.0%48.0%
HV 60d59.5%57.3%61.7%59.9%57.3%
IV Rank51.1%31.6%76.5%56.9%41.2%
IV Percentile67.5%37.3%93.7%75.0%59.9%
Term Structure-0.6%-3.7%0.7%-1.4%0.1%
VWIV53.7%48.9%64.3%57.2%52.2%
Skew 25d1.4%-0.5%2.7%-0.5%2.1%
Skew 10d3.6%0.6%6.8%0.6%3.7%
Call IV 25d53.2%48.4%59.4%56.7%50.5%
Put IV 25d54.6%49.5%60.8%56.2%52.6%
Bid-Ask Spread %11.563.8234.6912.5922.24
Gamma HHI0.180.140.220.160.16
Net GEX3.6M-239.8K6.2M4.4M4.3M
Net DEX-91.6M-270.4M137.4M-270.4M-76.9M
Net VEX-1.8M-2.1M-1.5M-2.0M-1.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.840.252.840.690.90
Total Volume25,731.7628,27475,15130,36619,550
Total OI477,671.238381,555545,017491,871420,678

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$33.06$30.0054.8%16.2%79.0%56.9%57.2%-0.5%-1.4%4.4M-270.4M-2.0M0.6912.59N/AN/A17,96612,400257,374234,497
2024-01-03$31.52$30.0058.8%18.4%79.9%73.0%64.3%1.4%0.0%2.9M-167.7M-2.1M0.557.71N/AN/A19,85310,953265,724239,823
2024-01-04$31.37$30.0058.2%16.2%75.8%70.5%57.1%1.2%-0.9%3.6M-166.9M-2.1M1.014.90N/AN/A13,06113,241276,148245,119
2024-01-05$32.22$30.0056.9%16.1%75.8%65.3%56.2%1.1%-0.9%6.2M-237.7M-2.1M0.6834.69N/AN/A12,8978,802280,831249,619
2024-01-08$31.63$30.0055.3%15.7%76.1%59.2%55.6%1.3%0.4%4.5M-191.1M-2.0M0.9530.83N/AN/A8,4447,993268,485239,676
2024-01-09$31.80$30.0056.9%15.8%76.1%65.4%55.3%0.4%-1.5%4.9M-199.3M-2.0M0.6721.89N/AN/A8,5005,728271,803244,360
2024-01-10$31.66$30.0055.4%15.6%76.1%59.5%54.5%0.8%-0.9%4.9M-190.3M-2.0M2.8416.79N/AN/A7,79622,111274,726248,278
2024-01-11$30.86$30.0054.2%15.3%75.8%54.8%53.6%1.6%-1.5%4.0M-131.9M-1.9M1.7216.79N/AN/A6,54411,223279,550248,645
2024-01-12$30.16$30.0053.6%15.2%73.4%52.5%53.3%1.3%-0.6%2.5M-80.0M-1.9M0.4717.11N/AN/A12,4675,812280,901250,481
2024-01-16$27.82$30.0058.1%16.6%59.0%70.3%58.8%2.7%-1.5%1.6M66.7M-1.6M0.795.24N/AN/A18,78914,903272,696240,224
2024-01-17$27.39$30.0059.7%17.1%57.0%76.5%57.6%1.7%-3.7%995.4K85.8M-1.6M1.135.79N/AN/A21,08523,844276,273242,801
2024-01-18$26.82$30.0051.4%14.8%57.2%43.8%51.1%1.9%-1.2%-239.8K137.4M-1.5M0.553.82N/AN/A48,46626,685287,668252,563
2024-01-19$27.31$30.0049.8%14.4%52.5%37.2%49.2%1.5%-0.8%411.9K101.5M-1.6M1.034.14N/AN/A16,75817,267291,334253,683
2024-01-22$27.63$30.0048.3%14.0%48.8%31.6%49.5%1.1%0.4%1.6M22.2M-1.6M0.868.79N/AN/A8,2837,114198,463183,092
2024-01-23$29.49$30.0049.8%14.5%52.5%37.3%50.6%0.6%0.7%3.6M-70.5M-1.7M0.254.07N/AN/A29,5977,493203,366186,662
2024-01-24$29.71$30.0049.4%14.4%48.1%35.8%50.2%1.6%0.2%4.7M-88.9M-1.7M0.593.90N/AN/A9,8615,813218,177190,950
2024-01-25$29.84$30.0049.1%14.2%48.0%34.6%50.3%1.8%0.7%5.0M-88.2M-1.8M0.534.24N/AN/A7,0403,705219,476194,330
2024-01-26$30.54$30.0048.4%13.9%48.1%31.7%48.9%1.4%-0.5%5.7M-127.7M-1.8M0.497.34N/AN/A14,6527,111222,474196,803
2024-01-29$30.82$30.0049.8%14.5%48.4%37.4%50.8%2.1%0.0%4.8M-128.0M-1.7M0.505.81N/AN/A12,2056,081214,505191,222
2024-01-30$30.64$30.0050.2%14.7%48.4%39.1%51.5%2.2%-0.3%5.3M-121.0M-1.7M0.514.17N/AN/A5,4832,791222,455195,161
2024-01-31$29.86$30.0050.8%14.8%48.0%41.2%52.2%2.1%0.1%4.3M-76.9M-1.7M0.9022.24N/AN/A10,3159,235224,706195,972