AA Options History — February 2024

In February 2024, AA traded between $25.23 and $29.59. ATM implied volatility averaged 52.9%, placing in the 49.7% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded below realized volatility by 5.4% (HV 20d: 58.3%). Max pain ranged from $28.00 to $30.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.80.

Notable Days

  • 2024-02-29: Highest Volume — 45,303 contracts
  • 2024-02-20: Largest IV spike — 15.7% change
  • 2024-02-20: Highest IV Rank — 86.4%
  • 2024-02-21: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.24$25.23$29.59$29.59$27.02
Max Pain$29.50$28.00$30.00$30.00$28.00
ATM IV52.9%50.1%62.2%50.5%52.5%
Expected Move15.3%14.3%16.2%14.5%15.6%
HV 20d58.3%45.3%66.3%45.3%66.3%
HV 60d61.7%56.9%65.5%57.2%65.4%
IV Rank49.7%38.7%86.4%40.1%48.2%
IV Percentile68.7%54.8%96.8%56.3%68.7%
Term Structure-0.1%-14.2%23.2%4.3%-0.1%
VWIV53.5%50.7%57.8%50.7%55.1%
Skew 25d1.5%-0.5%3.7%1.9%0.4%
Skew 10d3.1%-0.1%5.6%5.0%1.9%
Call IV 25d52.6%49.5%56.9%49.8%53.4%
Put IV 25d54.0%51.0%58.3%51.8%53.8%
Bid-Ask Spread %9.976.2717.899.7310.61
Gamma HHI0.190.140.230.180.17
Net GEX1.2M-2.0M3.8M3.5M1.6M
Net DEX41.6M-55.7M130.1M-55.7M47.9M
Net VEX-1.4M-1.7M-1.2M-1.7M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.151.590.480.15
Total Volume21,065.18,10345,30310,73845,303
Total OI418,272368,162437,272429,977437,272

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$29.59$30.0050.5%14.5%45.3%40.1%50.7%1.9%4.3%3.5M-55.7M-1.7M0.489.73N/AN/A7,2583,480227,880202,097
2024-02-02$29.48$30.0050.1%14.3%45.3%38.7%51.6%1.5%-0.4%2.7M-49.6M-1.7M1.016.27N/AN/A5,2605,335228,648204,590
2024-02-05$26.81$30.0052.5%15.6%54.4%48.1%53.2%3.5%2.2%300.1K75.0M-1.4M0.886.87N/AN/A17,73715,580214,228198,493
2024-02-06$27.61$30.0051.3%14.6%55.9%43.2%51.4%1.8%-0.3%1.1M36.5M-1.5M0.5517.89N/AN/A10,6075,847214,929203,429
2024-02-07$27.41$30.0051.6%15.2%55.8%44.7%52.3%0.9%1.3%1.1M44.7M-1.5M0.789.81N/AN/A6,5385,084219,605206,548
2024-02-08$27.69$30.0050.6%14.6%56.1%40.6%51.3%1.7%0.3%1.7M26.9M-1.4M0.9213.46N/AN/A4,2283,875220,881205,801
2024-02-09$26.86$30.0050.8%14.9%56.3%41.4%52.3%1.4%1.7%-3.9K72.2M-1.4M1.257.16N/AN/A7,1438,906223,496206,630
2024-02-12$28.02$30.0051.6%14.8%58.6%44.5%53.1%0.3%-0.3%2.2M12.9M-1.4M0.438.76N/AN/A10,9964,684214,063200,864
2024-02-13$25.76$30.0055.6%16.0%59.2%60.2%55.4%2.5%-13.7%-1.1M110.5M-1.3M0.586.84N/AN/A14,5158,377220,011203,043
2024-02-14$26.80$30.0053.7%15.4%60.9%52.6%53.3%2.7%-1.3%760.0K52.0M-1.3M0.879.65N/AN/A6,8165,945223,794203,328
2024-02-15$27.23$30.0053.7%15.5%60.8%52.9%54.1%1.0%-1.9%1.5M25.7M-1.4M0.777.82N/AN/A6,5665,032223,087202,696
2024-02-16$27.41$30.0053.8%15.7%60.5%53.1%53.7%0.1%-5.8%1.8M17.2M-1.4M0.507.06N/AN/A12,0416,059225,979205,580
2024-02-20$26.66$30.0062.2%16.0%61.1%86.4%55.9%1.8%-0.9%736.0K61.7M-1.3M0.748.56N/AN/A12,7439,367185,683182,479
2024-02-21$27.91$30.0054.9%16.2%58.6%57.5%57.8%1.5%-14.2%3.5M66.0K-1.4M0.2410.33N/AN/A27,0636,563193,992191,072
2024-02-22$27.70$30.0052.8%15.2%58.5%49.1%53.2%1.6%-0.2%3.8M14.1M-1.4M0.7310.37N/AN/A14,34210,534204,163194,151
2024-02-23$26.54$28.0052.9%15.4%60.0%49.8%54.6%-0.5%-0.0%514.3K64.6M-1.3M1.2112.03N/AN/A15,43618,669212,790201,376
2024-02-26$25.23$28.0053.9%15.4%61.0%53.6%54.0%3.7%23.2%-2.0M130.1M-1.2M1.479.36N/AN/A14,22220,876199,730206,244
2024-02-27$26.77$28.0051.2%15.4%65.5%42.8%53.6%1.1%0.2%736.9K61.0M-1.4M1.5914.25N/AN/A11,09817,639205,710219,174
2024-02-28$26.29$28.0051.9%15.3%65.6%45.5%53.6%0.7%2.9%-171.2K83.4M-1.4M0.9212.68N/AN/A4,9614,577209,028222,876
2024-02-29$27.02$28.0052.5%15.6%66.3%48.2%55.1%0.4%-0.1%1.6M47.9M-1.4M0.1510.61N/AN/A39,2976,006211,734225,538