AA Options History — July 2024

In July 2024, AA traded between $31.39 and $42.54. ATM implied volatility averaged 49.4%, placing in the 41.4% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded above realized volatility by 8.4% (HV 20d: 41.0%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.66.

Notable Days

  • 2024-07-18: Highest Volume — 36,755 contracts
  • 2024-07-19: Largest IV drop — 10.1% change
  • 2024-07-17: Highest IV Rank — 63.9%
  • 2024-07-01: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.06$31.39$42.54$39.56$33.25
Max Pain$37.30$35.00$40.00$35.00$35.00
ATM IV49.4%44.8%54.3%52.4%45.4%
Expected Move14.3%13.3%15.9%15.9%13.3%
HV 20d41.0%37.9%46.1%39.1%46.1%
HV 60d43.5%41.5%45.2%41.5%44.7%
IV Rank41.4%20.6%63.9%55.3%23.2%
IV Percentile48.1%15.9%82.5%72.2%19.4%
Term Structure-1.5%-8.3%0.5%-1.0%0.2%
VWIV51.0%47.0%55.8%55.8%47.0%
Skew 25d0.9%-4.2%4.9%4.9%4.2%
Skew 10d1.9%-2.2%4.7%-1.8%1.4%
Call IV 25d50.0%44.0%54.3%49.0%44.0%
Put IV 25d50.9%48.0%55.6%53.8%48.1%
Bid-Ask Spread %26.5916.2351.0421.6251.04
Gamma HHI0.130.070.290.150.12
Net GEX2.3M-2.8M9.2M3.7M4.0M
Net DEX-65.4M-244.5M51.0M-125.1M-11.5M
Net VEX-1.3M-1.4M-1.0M-1.4M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.252.911.290.31
Total Volume22,045.1829,25436,75517,48022,171
Total OI274,618.409243,987303,858254,959295,981

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-07-01$39.56$35.0052.4%15.9%39.1%55.3%55.8%4.9%-1.0%3.7M-125.1M-1.4M1.2921.62N/AN/A7,6279,853133,426121,533
2024-07-02$40.75$35.0050.5%15.3%41.0%46.4%54.6%-2.0%-2.9%5.3M-169.1M-1.4M0.2526.99N/AN/A27,5026,936139,120124,052
2024-07-03$42.30$35.5051.2%15.7%39.9%49.7%55.6%-4.2%-0.2%9.2M-242.3M-1.4M0.3925.46N/AN/A22,7448,838146,638127,447
2024-07-05$42.54$40.0051.4%14.4%39.9%50.5%50.7%0.0%-1.3%6.9M-244.5M-1.4M0.5418.11N/AN/A9,2865,004146,363132,464
2024-07-08$41.75$40.0052.1%14.7%40.1%54.0%53.2%0.6%-1.1%4.0M-180.3M-1.4M1.6316.35N/AN/A4,6277,560135,897124,352
2024-07-09$40.62$40.0051.5%14.5%37.9%50.9%51.0%0.1%-0.8%2.5M-137.4M-1.4M2.9120.25N/AN/A3,44110,025138,606129,855
2024-07-10$38.59$40.0052.3%14.8%41.7%54.7%52.2%-0.7%-0.5%-266.5K-55.4M-1.3M0.6324.96N/AN/A13,7468,645140,145135,589
2024-07-11$39.47$40.0050.4%14.4%41.7%45.9%50.7%1.3%0.1%672.8K-99.1M-1.3M0.6128.70N/AN/A9,8156,007147,831139,016
2024-07-12$39.02$40.0049.6%14.3%41.8%42.1%50.0%0.7%0.0%-2.8M-72.2M-1.3M0.2846.59N/AN/A17,5884,947150,734139,644
2024-07-15$39.31$40.0050.5%14.5%40.0%46.4%51.3%0.4%-1.3%2.8M-110.4M-1.3M0.2718.74N/AN/A7,3091,945143,308124,038
2024-07-16$38.67$40.0051.5%14.8%40.2%50.9%51.7%0.1%-2.7%2.2M-86.0M-1.3M0.3019.15N/AN/A23,7567,068145,564124,842
2024-07-17$37.30$40.0054.3%15.6%42.1%63.9%53.7%1.3%0.5%1.5M-49.5M-1.3M0.6431.24N/AN/A16,38210,430152,761128,565
2024-07-18$35.54$40.0049.9%14.4%45.4%43.5%52.5%2.8%-2.2%-27.6K14.3M-1.2M1.0532.94N/AN/A17,94218,813161,531134,313
2024-07-19$34.73$35.0044.8%13.7%43.8%20.6%50.4%-1.5%-8.3%-333.5K36.5M-1.2M0.5644.23N/AN/A19,87411,131164,652139,206
2024-07-22$34.50$35.0048.2%13.8%40.8%35.9%50.0%0.9%-7.7%1.2M678.1K-1.2M0.4322.88N/AN/A11,6915,043132,726111,261
2024-07-23$33.83$35.0046.9%13.5%39.6%30.0%48.0%0.6%-0.1%879.2K14.1M-1.1M0.3024.31N/AN/A15,3934,659138,148113,881
2024-07-24$32.72$35.0047.1%13.4%39.7%30.8%48.8%1.8%0.0%452.4K31.9M-1.1M0.5027.42N/AN/A18,1179,128147,663115,807
2024-07-25$33.00$35.0046.8%13.4%40.1%29.7%48.2%1.0%-0.1%2.5M6.2M-1.1M0.4521.67N/AN/A11,3035,095158,322120,161
2024-07-26$33.52$35.0044.9%13.3%41.0%20.7%48.7%1.3%-0.1%3.8M-14.3M-1.2M0.4928.68N/AN/A13,3876,551161,447121,914
2024-07-29$32.95$35.0047.1%14.0%39.3%30.9%49.3%0.6%-1.5%2.7M2.7M-1.1M0.2816.23N/AN/A11,0313,066157,226116,650
2024-07-30$31.39$35.0048.1%13.8%41.5%35.6%48.8%4.7%-2.2%748.8K51.0M-1.0M0.4717.39N/AN/A20,1429,376160,022118,904
2024-07-31$33.25$35.0045.4%13.3%46.1%23.2%47.0%4.2%0.2%4.0M-11.5M-1.2M0.3151.04N/AN/A16,9805,191169,657126,324