AA Options History — May 2024

In May 2024, AA traded between $34.36 and $44.57. ATM implied volatility averaged 45.5%, placing in the 23.6% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded above realized volatility by 0.4% (HV 20d: 45.1%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.64.

Notable Days

  • 2024-05-21: Highest Volume — 37,676 contracts
  • 2024-05-13: Largest IV spike — 13.3% change
  • 2024-05-13: Highest IV Rank — 41.3%
  • 2024-05-02: Largest Expected Move — 14.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.08$34.36$44.57$34.36$44.11
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV45.5%42.7%49.4%48.7%45.4%
Expected Move13.0%12.2%14.2%13.9%12.9%
HV 20d45.1%38.5%53.1%38.5%43.3%
HV 60d48.7%45.9%51.8%51.4%45.9%
IV Rank23.6%11.0%41.3%38.2%23.1%
IV Percentile17.6%4.0%47.6%38.9%17.9%
Term Structure-0.6%-1.8%1.8%-1.2%-1.3%
VWIV46.2%43.5%50.6%49.2%46.4%
Skew 25d-0.3%-6.5%1.1%0.5%0.7%
Skew 10d0.8%-2.1%5.6%0.8%3.3%
Call IV 25d46.2%42.9%54.5%47.8%46.4%
Put IV 25d45.9%42.7%48.3%48.3%47.1%
Bid-Ask Spread %19.786.3539.4739.4728.21
Gamma HHI0.160.110.280.110.25
Net GEX6.9M-1.4M12.4M-1.4M10.9M
Net DEX-274.5M-395.5M-46.1M-46.1M-362.1M
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 Ratio0.640.291.470.631.47
Total Volume19,817.7277,13737,67616,71317,113
Total OI361,154.955320,095388,603373,034350,429

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$34.36$35.0048.7%13.9%38.5%38.2%49.2%0.5%-1.2%-1.4M-46.1M-1.6M0.6339.47N/AN/A10,2516,462186,086186,948
2024-05-02$35.75$35.0047.4%14.2%39.8%32.2%50.6%1.1%-1.5%2.5M-118.5M-1.7M1.1217.94N/AN/A8,1979,214190,081189,856
2024-05-03$36.64$35.0045.6%13.6%40.4%24.1%48.2%0.1%-1.6%12.4M-186.6M-1.7M0.4737.50N/AN/A10,1024,704197,387191,216
2024-05-06$37.30$35.0046.2%13.4%40.9%26.9%47.4%0.4%0.4%6.2M-203.3M-1.7M0.4012.27N/AN/A14,9835,991184,725177,479
2024-05-07$37.67$35.0044.8%12.7%40.6%20.6%45.5%0.9%-1.8%6.8M-214.7M-1.7M1.066.35N/AN/A3,4603,677185,945180,242
2024-05-08$36.58$35.0044.5%12.9%41.0%19.2%46.9%0.5%0.1%4.6M-155.9M-1.6M0.5312.15N/AN/A11,1205,888186,216182,249
2024-05-09$37.41$35.0044.4%12.7%41.7%18.5%43.5%0.1%-0.6%7.8M-200.5M-1.7M0.3819.21N/AN/A10,6123,993191,556185,047
2024-05-10$37.25$35.0043.6%12.7%40.4%14.8%43.5%1.1%0.1%6.1M-196.4M-1.7M0.5931.78N/AN/A13,0177,734196,886187,569
2024-05-13$40.22$35.0049.4%13.4%47.1%41.3%47.4%-1.2%0.7%8.1M-342.1M-1.7M0.4228.99N/AN/A24,64010,331185,702184,016
2024-05-14$39.75$35.0046.5%13.2%47.0%28.3%47.2%-6.5%-0.4%7.7M-308.4M-1.7M0.7714.11N/AN/A11,9929,194184,936189,086
2024-05-15$40.00$35.0044.9%12.7%46.3%20.8%45.5%0.6%-0.8%9.1M-320.2M-1.7M1.0421.95N/AN/A3,5083,661190,269191,257
2024-05-16$40.47$35.0044.4%12.4%46.3%18.4%44.6%0.2%-1.2%9.5M-349.2M-1.7M0.4027.48N/AN/A6,5152,592191,022192,281
2024-05-17$41.14$35.0043.5%12.4%46.3%14.4%44.3%-0.4%-0.3%8.5M-388.9M-1.7M0.4113.56N/AN/A19,7868,186193,095193,232
2024-05-20$42.77$35.0044.7%12.7%47.1%19.8%44.7%-0.5%0.5%6.3M-342.3M-1.7M0.327.91N/AN/A12,7284,120162,158157,937
2024-05-21$44.06$35.0045.8%13.1%47.2%25.0%46.2%-1.3%-0.8%7.4M-395.5M-1.7M0.449.99N/AN/A26,18611,490167,506159,295
2024-05-22$42.08$35.0044.7%12.8%51.2%20.1%45.3%-0.8%1.8%6.0M-295.8M-1.8M0.8919.18N/AN/A11,32110,119170,421165,289
2024-05-23$40.93$35.0045.1%12.9%52.6%21.6%45.2%1.0%-0.6%4.6M-248.7M-1.8M0.4017.28N/AN/A22,4489,078175,634170,622
2024-05-24$41.69$35.0042.7%12.2%52.3%11.0%43.5%0.3%0.8%5.3M-275.7M-1.7M0.8111.15N/AN/A8,0246,492173,032174,859
2024-05-28$43.22$35.0045.5%13.0%53.1%23.7%45.8%-3.1%-1.4%6.7M-333.8M-1.7M0.5318.62N/AN/A11,1875,899167,397167,340
2024-05-29$43.83$35.0046.4%13.2%46.0%27.8%47.0%0.4%-1.8%7.6M-362.7M-1.7M0.6419.59N/AN/A11,5647,346170,700170,724
2024-05-30$44.57$35.0046.8%13.5%43.8%29.7%47.4%-0.1%-1.6%9.0M-392.3M-1.7M0.2920.38N/AN/A24,0766,989173,536174,146
2024-05-31$44.11$35.0045.4%12.9%43.3%23.1%46.4%0.7%-1.3%10.9M-362.1M-1.7M1.4728.21N/AN/A6,92510,188172,207178,222