AA Options History — December 2024

In December 2024, AA traded between $36.72 and $46.06. ATM implied volatility averaged 46.7%, placing in the 40.4% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded above realized volatility by 2.0% (HV 20d: 44.7%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.67.

Notable Days

  • 2024-12-06: Highest Volume — 69,069 contracts
  • 2024-12-03: Largest IV drop — 16.4% change
  • 2024-12-19: Highest IV Rank — 66.0%
  • 2024-12-19: Largest Expected Move — 15.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.18$36.72$46.06$45.81$37.80
Max Pain$40.71$40.00$45.00$45.00$40.00
ATM IV46.7%35.8%53.2%42.8%49.4%
Expected Move14.1%12.4%15.4%12.8%13.1%
HV 20d44.7%36.3%52.7%52.1%37.3%
HV 60d46.9%42.6%50.3%49.9%42.6%
IV Rank40.4%0.0%66.0%6.7%51.6%
IV Percentile31.0%0.0%77.0%2.8%44.4%
Term Structure0.7%-14.8%15.7%0.4%0.5%
VWIV49.9%44.8%52.9%45.9%46.6%
Skew 25d1.5%-4.6%9.4%0.5%1.6%
Skew 10d7.2%-7.0%23.7%3.3%3.2%
Call IV 25d47.1%38.5%53.1%42.6%49.4%
Put IV 25d48.6%42.1%55.1%43.2%51.0%
Bid-Ask Spread %20.607.2542.6117.8811.13
Gamma HHI0.170.130.250.220.14
Net GEX2.0M-4.8M6.7M6.4M2.4M
Net DEX-81.8M-308.9M61.6M-298.2M-33.0M
Net VEX-1.3M-1.5M-1.2M-1.5M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.151.560.690.15
Total Volume15,259.3334,06869,06912,84917,437
Total OI327,126.333302,635354,633303,002333,158

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-12-02$45.81$45.0042.8%12.8%52.1%6.7%45.9%0.5%0.4%6.4M-298.2M-1.5M0.6917.88N/AN/A7,6045,245159,796143,206
2024-12-03$45.62$45.0035.8%13.0%52.2%0.0%47.9%0.3%1.0%6.0M-286.6M-1.5M0.4115.74N/AN/A2,9911,234162,323147,090
2024-12-04$45.76$45.0041.4%12.6%50.1%21.5%44.8%0.3%0.6%6.3M-296.7M-1.5M1.0021.58N/AN/A2,0332,035163,584147,821
2024-12-05$46.06$40.0041.1%13.4%45.1%20.3%47.0%1.0%1.1%6.7M-308.9M-1.5M0.6420.80N/AN/A5,1923,339164,218149,365
2024-12-06$42.64$40.0046.2%14.3%52.7%39.3%50.4%1.9%-0.2%457.3K-158.0M-1.4M0.4832.71N/AN/A46,61022,459165,188150,177
2024-12-09$42.36$40.0046.6%14.7%51.7%40.8%51.0%-4.6%5.1%2.5M-152.5M-1.5M0.3230.07N/AN/A10,4543,358175,141159,629
2024-12-10$40.92$40.0045.7%14.8%52.5%37.7%51.5%9.4%6.5%969.1K-77.5M-1.4M0.6219.18N/AN/A6,2173,824175,579162,199
2024-12-11$39.59$40.0047.2%14.6%48.9%43.2%51.0%-0.1%4.6%-224.3K-17.0M-1.4M0.827.78N/AN/A8,4086,867178,217164,318
2024-12-12$39.48$40.0042.5%14.6%48.9%25.3%51.1%2.1%15.7%-209.1K-14.2M-1.4M1.4434.16N/AN/A2,6023,738182,745164,763
2024-12-13$39.08$40.0047.1%14.5%48.6%42.8%51.2%1.3%4.8%-4.8M5.4M-1.3M1.2821.01N/AN/A7,95810,224183,451166,310
2024-12-16$38.29$40.0049.5%14.5%41.7%51.8%50.8%0.9%-8.7%5.0K20.0M-1.3M0.5432.95N/AN/A4,7682,588179,593159,946
2024-12-17$38.22$40.0050.0%14.5%41.6%54.0%51.8%0.7%-0.8%331.0K26.2M-1.3M0.3420.14N/AN/A25,8118,808181,598161,223
2024-12-18$36.98$40.0053.0%15.2%39.8%65.3%52.9%0.8%-1.4%588.6K51.3M-1.2M1.5622.89N/AN/A5,1798,076193,775160,858
2024-12-19$36.72$40.0053.2%15.4%39.5%66.0%52.7%2.4%-3.2%70.5K61.6M-1.2M0.987.25N/AN/A5,5445,427188,641161,974
2024-12-20$38.05$40.0050.2%14.4%41.7%54.5%52.9%1.1%-0.8%1.3M-4.5M-1.3M0.6414.02N/AN/A7,4294,744191,610157,155
2024-12-23$38.64$40.0050.2%14.7%42.3%54.5%51.7%1.6%0.8%2.4M-58.5M-1.3M0.3013.29N/AN/A6,7822,015164,238138,397
2024-12-24$38.38$40.0045.8%13.8%38.5%37.9%49.5%1.5%2.5%2.7M-55.1M-1.3M0.3017.98N/AN/A3,283994168,277139,486
2024-12-26$38.45$40.0048.0%13.9%38.6%46.4%50.1%1.8%-2.0%3.1M-56.1M-1.2M0.9819.87N/AN/A2,7792,736169,118139,813
2024-12-27$37.60$40.0045.6%14.5%37.9%37.3%51.5%3.6%-14.8%2.1M-25.8M-1.2M0.409.51N/AN/A5,7512,284169,867140,291
2024-12-30$37.30$40.0049.3%12.4%36.3%51.3%45.2%3.0%2.4%2.1M-39.6M-1.2M0.1642.61N/AN/A30,5875,032166,887138,628
2024-12-31$37.80$40.0049.4%13.1%37.3%51.6%46.6%1.6%0.5%2.4M-33.0M-1.2M0.1511.13N/AN/A15,1622,275190,801142,357