AA Options History — March 2024

In March 2024, AA traded between $26.80 and $33.84. ATM implied volatility averaged 51.3%, placing in the 44.3% IV rank vs the trailing year. The 30-day expected move averaged 15.4%. IV traded below realized volatility by 6.9% (HV 20d: 58.2%). Max pain ranged from $28.00 to $30.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.62.

Notable Days

  • 2024-03-07: Highest Volume — 35,954 contracts
  • 2024-03-14: Largest IV spike — 20.5% change
  • 2024-03-20: Highest IV Rank — 54.4%
  • 2024-03-04: Largest Expected Move — 16.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.33$26.80$33.84$27.59$33.84
Max Pain$29.90$28.00$30.00$28.00$30.00
ATM IV51.3%43.2%53.8%52.1%51.9%
Expected Move15.4%14.2%16.1%15.3%14.9%
HV 20d58.2%50.8%67.0%66.9%51.4%
HV 60d59.7%55.5%65.9%65.1%56.2%
IV Rank44.3%11.3%54.4%46.4%53.0%
IV Percentile59.2%4.8%75.0%66.3%68.3%
Term Structure0.4%-8.6%5.1%-0.3%-0.7%
VWIV53.9%49.7%56.5%53.7%52.4%
Skew 25d0.9%-3.1%22.2%-0.4%0.1%
Skew 10d-1.4%-18.5%2.9%0.7%-0.2%
Call IV 25d52.2%49.5%56.1%53.2%51.8%
Put IV 25d53.1%49.1%74.9%52.8%51.9%
Bid-Ask Spread %14.234.7838.928.2714.38
Gamma HHI0.240.080.570.200.19
Net GEX7.3M1.3M18.2M4.1M7.4M
Net DEX-99.3M-228.5M52.0M6.8M-207.6M
Net VEX-1.5M-1.6M-1.4M-1.5M-1.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.620.161.200.890.45
Total Volume23,521.0510,02835,95424,40734,787
Total OI398,612.4303,468469,526447,987357,777

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$27.59$28.0052.1%15.3%66.9%46.4%53.7%-0.4%-0.3%4.1M6.8M-1.5M0.898.27N/AN/A12,92511,482218,994228,993
2024-03-04$27.44$30.0052.1%16.1%67.0%46.5%55.4%0.1%0.7%3.3M22.2M-1.4M0.4613.17N/AN/A10,9144,990210,101218,169
2024-03-05$26.80$30.0052.4%16.0%58.3%47.6%54.6%1.6%-8.6%2.0M52.0M-1.4M0.7338.92N/AN/A10,0237,367216,551218,636
2024-03-06$28.18$30.0051.4%15.7%60.1%43.6%55.9%22.2%3.1%6.7M-26.3M-1.5M0.9028.41N/AN/A12,47311,196222,023223,321
2024-03-07$29.98$30.0052.6%16.0%63.7%48.3%56.5%-3.1%-7.9%10.7M-156.6M-1.6M0.385.90N/AN/A26,1139,841226,043225,057
2024-03-08$29.73$30.0051.8%15.7%63.9%45.3%55.2%-0.7%2.2%12.5M-143.2M-1.6M0.516.52N/AN/A20,80610,706232,712229,101
2024-03-11$30.54$30.0051.7%16.0%63.1%44.8%55.9%-2.6%5.0%9.7M-165.4M-1.6M0.454.78N/AN/A15,3406,850219,933224,042
2024-03-12$29.73$30.0050.9%15.7%62.6%41.8%55.2%2.0%4.6%10.9M-103.7M-1.5M1.109.63N/AN/A7,1067,783225,264227,750
2024-03-13$30.64$30.0043.2%15.7%54.1%11.3%55.5%-2.6%5.1%12.0M-181.2M-1.5M1.1727.82N/AN/A6,1357,154228,288233,009
2024-03-14$29.89$30.0052.0%15.6%54.0%46.2%56.0%1.1%2.2%13.6M-112.8M-1.5M1.2013.49N/AN/A6,3037,585228,286236,819
2024-03-15$30.64$30.0051.5%15.8%54.4%44.1%55.3%0.5%5.1%5.9M-228.5M-1.5M0.644.82N/AN/A11,2167,152230,270239,256
2024-03-18$31.12$30.0051.2%15.0%54.5%42.8%52.3%-0.7%0.3%1.9M-62.8M-1.5M0.3113.74N/AN/A22,5056,923127,426176,042
2024-03-19$29.45$30.0053.8%15.6%57.5%53.0%54.5%0.8%-0.4%1.3M-10.2M-1.5M0.708.36N/AN/A18,08512,618137,401180,012
2024-03-20$31.52$30.0053.8%15.4%60.1%54.4%54.0%0.2%-0.3%4.1M-98.2M-1.5M0.1618.68N/AN/A29,8684,793144,690188,174
2024-03-21$31.49$30.0050.8%14.5%59.9%43.6%51.0%0.3%0.6%6.0M-104.4M-1.5M0.6011.37N/AN/A15,1409,045151,608189,880
2024-03-22$31.48$30.0049.7%14.2%57.1%38.8%49.7%0.5%0.6%18.2M-102.5M-1.5M0.8013.06N/AN/A10,4688,338153,741195,378
2024-03-25$32.11$30.0051.3%14.7%52.8%45.7%52.1%0.6%-0.9%3.8M-107.9M-1.5M0.2721.97N/AN/A24,2256,644141,257185,444
2024-03-26$31.51$30.0050.4%14.5%50.8%41.9%50.7%0.6%-0.6%5.5M-91.4M-1.5M0.5412.47N/AN/A6,5333,495150,012188,315
2024-03-27$32.98$30.0050.9%14.8%51.4%47.3%52.0%-2.5%-1.2%5.9M-163.9M-1.5M0.238.91N/AN/A20,6854,809152,238190,235
2024-03-28$33.84$30.0051.9%14.9%51.4%53.0%52.4%0.1%-0.7%7.4M-207.6M-1.6M0.4514.38N/AN/A24,01310,774165,210192,567