AA Options History — September 2024

In September 2024, AA traded between $28.04 and $39.41. ATM implied volatility averaged 51.3%, placing in the 47.9% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded below realized volatility by 8.7% (HV 20d: 59.9%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.91.

Notable Days

  • 2024-09-24: Highest Volume — 44,136 contracts
  • 2024-09-11: Largest IV spike — 16.0% change
  • 2024-09-25: Highest IV Rank — 91.3%
  • 2024-09-26: Largest Expected Move — 16.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.31$28.04$39.41$30.23$38.44
Max Pain$34.00$30.00$35.00$35.00$35.00
ATM IV51.3%42.3%60.5%49.8%53.0%
Expected Move15.3%14.5%16.3%14.7%16.0%
HV 20d59.9%49.4%68.8%51.3%68.8%
HV 60d53.0%48.2%58.8%48.9%58.5%
IV Rank47.9%9.1%91.3%43.4%53.8%
IV Percentile57.5%2.4%99.2%48.0%73.4%
Term Structure1.8%-4.5%21.7%-4.5%1.8%
VWIV54.2%51.4%58.7%52.3%58.7%
Skew 25d1.8%-8.4%4.1%1.3%-8.4%
Skew 10d5.1%-3.0%8.6%6.3%-3.0%
Call IV 25d51.3%48.0%57.6%48.6%55.9%
Put IV 25d53.0%47.5%57.8%49.9%47.5%
Bid-Ask Spread %24.128.4666.6123.9921.43
Gamma HHI0.150.100.200.180.13
Net GEX673.1K-3.8M4.9M-2.2M3.2M
Net DEX-23.1M-200.5M127.3M80.1M-142.1M
Net VEX-1.2M-1.4M-968.9K-1.1M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.910.192.300.871.03
Total Volume16,376.758,08544,13614,7949,451
Total OI289,576.1236,328322,340284,139269,656

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-09-03$30.23$35.0049.8%14.7%51.3%43.4%52.3%1.3%-4.5%-2.2M80.1M-1.1M0.8723.99N/AN/A7,9326,862139,262144,877
2024-09-04$30.61$35.0050.3%14.5%49.4%45.4%52.3%3.2%0.8%-2.1M67.1M-1.1M0.7827.11N/AN/A4,8433,756141,255149,218
2024-09-05$30.24$35.0049.3%15.3%49.6%40.8%53.1%2.9%0.5%-2.4M78.6M-1.1M2.3044.00N/AN/A2,4475,638143,834150,578
2024-09-06$28.52$35.0051.0%15.4%52.4%48.8%55.0%4.1%-0.2%-3.8M125.4M-1.0M1.3516.48N/AN/A6,7459,130145,560153,653
2024-09-09$29.01$35.0049.0%15.7%52.8%39.5%54.5%3.7%4.7%-2.6M103.8M-1.0M0.7031.84N/AN/A7,1325,011142,116145,561
2024-09-10$28.04$35.0042.3%15.6%53.7%9.1%56.5%3.0%21.7%-2.5M127.3M-968.9K2.1917.87N/AN/A4,4539,767145,728148,069
2024-09-11$29.72$35.0049.1%15.5%57.6%40.0%54.3%2.4%5.9%-2.5M77.7M-1.0M0.4721.74N/AN/A7,1553,379147,482152,236
2024-09-12$31.23$30.0050.0%15.6%60.1%43.9%55.1%2.9%6.0%-880.1K24.0M-1.1M0.5511.40N/AN/A7,4274,089150,453154,205
2024-09-13$32.56$30.0049.6%15.0%60.5%42.3%54.2%2.1%4.6%423.6K-19.7M-1.2M0.4025.55N/AN/A8,8243,515152,774155,490
2024-09-16$34.59$30.0053.9%15.8%64.1%61.6%55.8%2.6%-1.0%2.8M-81.3M-1.2M0.6020.76N/AN/A17,23510,337151,384148,261
2024-09-17$34.06$30.0052.5%15.2%61.7%51.1%53.5%2.0%0.4%2.1M-56.1M-1.2M0.8515.83N/AN/A8,3407,059156,246153,370
2024-09-18$34.53$35.0052.3%15.0%61.9%50.4%52.6%3.0%-0.7%2.8M-72.8M-1.2M2.1866.61N/AN/A4,1689,089157,734158,057
2024-09-19$34.97$35.0050.6%14.5%61.7%41.5%52.2%3.1%-0.4%3.4M-91.3M-1.2M0.838.46N/AN/A8,3526,951158,589160,140
2024-09-20$33.81$35.0050.6%14.6%61.9%41.9%51.4%2.0%-1.2%1.2M-35.2M-1.2M0.6325.51N/AN/A8,7685,486160,236162,104
2024-09-23$34.06$35.0051.5%14.8%59.7%46.3%51.9%2.8%-0.8%1.1M-32.9M-1.2M0.6826.05N/AN/A7,1324,857119,084117,244
2024-09-24$37.13$35.0052.5%15.4%66.9%51.5%54.7%1.8%-0.5%3.1M-125.6M-1.3M0.3316.66N/AN/A33,16410,972123,804121,143
2024-09-25$35.98$35.0060.5%15.6%68.0%91.3%54.8%2.6%-1.2%3.1M-92.0M-1.3M0.5520.04N/AN/A7,6854,245136,041128,424
2024-09-26$39.06$35.0053.8%16.3%68.2%57.7%56.0%-2.6%1.0%4.9M-196.0M-1.4M0.7622.77N/AN/A17,98513,753138,309130,575
2024-09-27$39.41$35.0053.7%15.8%68.2%57.4%55.9%0.7%-0.8%4.3M-200.5M-1.4M0.1918.30N/AN/A20,5823,819141,349137,421
2024-09-30$38.44$35.0053.0%16.0%68.8%53.8%58.7%-8.4%1.8%3.2M-142.1M-1.4M1.0321.43N/AN/A4,6494,802141,255128,401