AA Options History — April 2024

In April 2024, AA traded between $34.02 and $37.64. ATM implied volatility averaged 52.4%, placing in the 55.2% IV rank vs the trailing year. The 30-day expected move averaged 15.1%. IV traded above realized volatility by 7.0% (HV 20d: 45.4%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.60.

Notable Days

  • 2024-04-18: Highest Volume — 58,922 contracts
  • 2024-04-18: Largest IV drop — 13.7% change
  • 2024-04-02: Highest IV Rank — 96.7%
  • 2024-04-03: Largest Expected Move — 16.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.11$34.02$37.64$34.02$35.30
Max Pain$32.05$30.00$35.00$30.00$35.00
ATM IV52.4%46.2%61.5%54.2%48.3%
Expected Move15.1%13.5%16.8%16.0%14.4%
HV 20d45.4%36.6%53.1%51.3%41.4%
HV 60d54.7%53.0%57.0%55.3%54.9%
IV Rank55.2%27.0%96.7%63.4%36.4%
IV Percentile64.2%19.0%99.6%79.8%35.7%
Term Structure-1.5%-9.3%1.1%-1.1%-0.4%
VWIV53.2%48.9%59.1%56.0%50.7%
Skew 25d0.2%-3.9%4.1%-0.3%-3.9%
Skew 10d-0.6%-18.9%4.7%0.3%1.2%
Call IV 25d52.7%46.7%58.1%54.6%48.1%
Put IV 25d52.9%44.3%57.8%54.3%44.3%
Bid-Ask Spread %18.005.9135.845.9131.80
Gamma HHI0.140.100.160.130.11
Net GEX4.4M1.4M6.3M4.1M1.4M
Net DEX-214.5M-306.6M-100.9M-176.8M-100.9M
Net VEX-1.7M-1.8M-1.6M-1.6M-1.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.251.150.410.71
Total Volume24,932.6366,29858,92217,92222,310
Total OI368,903.136320,525415,952339,219367,369

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$34.02$30.0054.2%16.0%51.3%63.4%56.0%-0.3%-1.1%4.1M-176.8M-1.6M0.415.91N/AN/A12,7145,208159,729179,490
2024-04-02$35.63$30.0061.5%16.7%52.4%96.7%58.3%-0.3%-9.3%4.9M-240.5M-1.7M0.4919.07N/AN/A16,9778,401164,682183,317
2024-04-03$37.30$30.0054.8%16.8%51.8%66.1%59.1%-0.2%-0.3%5.2M-306.6M-1.7M0.4716.00N/AN/A29,99414,228168,526187,058
2024-04-04$36.05$30.0055.9%15.8%53.1%71.2%55.5%0.7%-0.4%5.1M-260.7M-1.8M1.0831.73N/AN/A9,96210,724181,672194,698
2024-04-05$36.59$30.0053.7%15.5%49.8%61.0%54.0%-1.0%0.1%6.3M-285.8M-1.8M0.6424.83N/AN/A10,2116,485183,260198,027
2024-04-08$36.44$30.0056.6%15.7%49.6%74.5%54.8%-0.3%-5.3%5.0M-265.4M-1.7M1.0714.77N/AN/A6,2596,705178,361186,549
2024-04-09$37.09$30.0053.9%15.8%49.3%62.1%55.2%-0.2%1.1%5.6M-295.1M-1.7M0.6013.84N/AN/A6,1203,661180,853188,364
2024-04-10$36.20$30.0053.4%15.2%49.1%59.8%53.6%-3.5%-0.1%5.0M-253.2M-1.7M1.1127.14N/AN/A2,9803,318182,060190,755
2024-04-11$36.34$30.0052.7%15.3%48.5%56.7%53.4%0.1%0.3%4.9M-258.6M-1.7M0.7616.87N/AN/A6,3544,816182,494192,298
2024-04-12$35.34$30.0053.9%15.5%48.8%61.8%54.2%4.1%0.8%3.3M-206.1M-1.7M0.2535.84N/AN/A38,6589,511183,555194,839
2024-04-15$36.56$30.0056.5%16.1%49.3%73.9%56.5%0.9%-3.9%4.9M-259.4M-1.7M0.599.25N/AN/A13,6208,035186,943188,452
2024-04-16$36.08$30.0054.1%15.5%49.9%63.1%54.8%0.2%-1.3%4.9M-238.5M-1.7M0.5718.29N/AN/A13,2847,628191,206192,779
2024-04-17$35.50$30.0056.2%16.1%45.1%72.4%56.8%0.5%-1.0%5.3M-215.2M-1.7M0.8225.76N/AN/A28,21023,176201,381196,842
2024-04-18$35.52$35.0048.5%13.9%39.4%37.2%48.9%1.6%0.6%5.4M-203.4M-1.6M0.4416.85N/AN/A40,90318,019210,710202,710
2024-04-19$35.45$35.0049.6%14.2%39.5%42.2%50.5%-0.2%0.3%4.7M-210.7M-1.6M0.578.16N/AN/A21,72412,279210,361205,591
2024-04-22$36.44$35.0048.3%13.9%40.1%36.2%49.7%0.9%-0.7%3.4M-154.7M-1.7M0.3816.90N/AN/A16,7846,295158,498162,027
2024-04-23$36.07$35.0048.7%13.9%40.3%38.3%49.6%0.0%-1.0%3.4M-139.2M-1.7M1.1515.98N/AN/A17,79620,385162,931165,338
2024-04-24$36.06$35.0048.6%14.0%39.3%37.7%51.7%0.2%-1.2%2.5M-136.1M-1.7M0.2810.31N/AN/A11,1763,119176,870182,288
2024-04-25$35.91$35.0047.6%13.8%36.7%33.3%49.1%0.6%-1.2%3.2M-129.8M-1.7M0.3014.75N/AN/A11,6273,532182,939183,413
2024-04-26$36.84$35.0046.2%13.5%36.6%27.0%49.2%0.5%-0.6%4.2M-177.7M-1.7M0.2510.87N/AN/A14,5763,592184,119184,237
2024-04-29$37.64$35.0049.9%14.0%37.2%43.8%49.8%4.0%-7.7%4.8M-205.5M-1.8M0.3211.00N/AN/A13,0384,124179,468178,810
2024-04-30$35.30$35.0048.3%14.4%41.4%36.4%50.7%-3.9%-0.4%1.4M-100.9M-1.7M0.7131.80N/AN/A13,0529,258186,486180,883