AA Options History — January 2025

In January 2025, AA traded between $34.34 and $39.66. ATM implied volatility averaged 47.5%, placing in the 44.3% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded above realized volatility by 9.9% (HV 20d: 37.6%). Max pain ranged from $37.50 to $40.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.67.

Notable Days

  • 2025-01-23: Highest Volume — 55,269 contracts
  • 2025-01-28: Largest IV spike — 14.1% change
  • 2025-01-14: Highest IV Rank — 64.2%
  • 2025-01-14: Largest Expected Move — 14.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.75$34.34$39.66$38.00$35.25
Max Pain$39.67$37.50$40.00$40.00$37.50
ATM IV47.5%40.2%52.8%49.5%43.1%
Expected Move13.2%11.5%14.7%12.8%12.2%
HV 20d37.6%33.2%42.7%37.6%41.2%
HV 60d43.1%42.0%44.5%42.6%44.4%
IV Rank44.3%17.0%64.2%51.9%27.8%
IV Percentile36.9%0.4%80.6%45.6%7.9%
Term Structure0.1%-2.3%4.5%-0.4%1.5%
VWIV46.7%42.1%50.7%44.9%42.4%
Skew 25d1.1%-11.7%21.7%1.6%1.1%
Skew 10d4.8%-23.9%16.0%-2.8%14.4%
Call IV 25d45.7%23.1%53.2%49.4%42.1%
Put IV 25d46.8%30.2%54.2%51.0%43.2%
Bid-Ask Spread %21.086.1641.4112.1014.44
Gamma HHI0.190.090.470.130.13
Net GEX1.4M-1.6M10.7M3.2M2.2M
Net DEX-8.9M-100.7M47.3M-43.2M7.8M
Net VEX-1.2M-1.3M-1.1M-1.2M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.111.850.180.31
Total Volume23,5237,42355,26911,69118,166
Total OI291,108.45182,986378,091335,611248,323

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$38.00$40.0049.5%12.8%37.6%51.9%44.9%1.6%-0.4%3.2M-43.2M-1.2M0.1812.10N/AN/A9,9421,749192,807142,804
2025-01-03$35.72$40.0049.0%13.0%41.6%50.1%45.3%1.9%4.5%-215.3K40.4M-1.1M0.5818.24N/AN/A30,01617,450193,548142,636
2025-01-06$36.45$40.0050.9%14.0%42.7%57.1%48.0%2.3%-1.0%-910.7K18.5M-1.1M0.1115.78N/AN/A27,1152,958187,514149,259
2025-01-07$35.95$40.0050.4%13.9%35.1%55.3%50.5%1.5%0.4%-1.1M28.7M-1.1M1.8541.41N/AN/A5,1419,519202,321150,592
2025-01-08$35.83$40.0050.2%13.9%35.2%54.5%48.7%4.0%0.5%-1.6M37.8M-1.1M0.6530.04N/AN/A6,4634,213201,891154,409
2025-01-10$35.85$40.0050.3%14.2%33.9%55.1%49.6%-0.6%0.4%-954.2K29.7M-1.1M0.8919.09N/AN/A6,2275,531202,168152,646
2025-01-13$36.42$40.0051.4%14.6%33.2%59.1%50.7%-11.7%1.0%-828.1K-3.4M-1.1M0.5917.64N/AN/A7,6874,537199,846149,331
2025-01-14$36.63$40.0052.8%14.7%33.4%64.2%50.2%1.1%-1.6%-349.5K-15.6M-1.1M0.769.58N/AN/A4,2203,203204,292152,225
2025-01-15$38.10$40.0050.0%13.6%36.6%53.7%48.0%-2.0%-2.3%3.6M-69.6M-1.2M0.366.16N/AN/A11,6514,165206,183153,415
2025-01-16$38.95$40.0047.4%13.3%36.8%43.9%48.4%0.8%-1.2%6.6M-100.0M-1.2M1.3430.31N/AN/A9,10812,202209,581159,849
2025-01-17$39.66$40.0048.0%13.4%37.3%46.4%47.0%1.0%-1.6%10.7M-100.7M-1.3M0.5616.93N/AN/A10,7536,056210,253167,838
2025-01-21$38.70$40.0049.2%14.0%36.3%50.6%49.1%-9.0%0.5%2.1M-40.7M-1.2M0.7729.73N/AN/A12,0509,24397,91285,074
2025-01-22$38.78$40.0047.5%13.6%36.2%44.3%49.1%0.8%-1.3%2.2M-44.4M-1.2M0.5419.83N/AN/A25,35913,661102,35090,409
2025-01-23$37.70$40.0041.6%12.0%35.6%22.2%42.1%1.0%-0.8%1.5M-11.0M-1.2M0.2015.41N/AN/A46,1339,136118,922101,673
2025-01-24$37.32$40.0040.2%11.5%35.2%17.0%43.9%0.9%0.2%1.0M-16.7M-1.2M1.4114.14N/AN/A8,63612,140123,350103,497
2025-01-27$35.27$40.0043.0%12.4%40.2%27.5%43.4%21.7%1.6%15.6K26.7M-1.2M0.7236.67N/AN/A9,9177,099109,09394,007
2025-01-28$34.34$40.0049.1%12.3%40.9%50.4%44.1%2.3%0.2%-699.7K47.3M-1.1M1.058.93N/AN/A6,7967,154112,84498,277
2025-01-29$35.11$38.0043.1%12.6%41.6%27.6%44.7%3.4%0.6%-50.8K20.4M-1.2M0.1238.57N/AN/A37,0424,619115,778101,112
2025-01-30$35.04$38.0042.9%12.5%41.5%27.0%43.4%0.7%1.2%2.1M10.3M-1.2M0.3926.57N/AN/A31,27012,133129,915104,225
2025-01-31$35.25$37.5043.1%12.2%41.2%27.8%42.4%1.1%1.5%2.2M7.8M-1.2M0.3114.44N/AN/A13,9194,247141,773106,550