AA Options History — February 2025

In February 2025, AA traded between $32.86 and $37.29. ATM implied volatility averaged 47.8%, placing in the 46.0% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded above realized volatility by 5.6% (HV 20d: 42.2%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.60.

Notable Days

  • 2025-02-20: Highest Volume — 47,772 contracts
  • 2025-02-21: Largest IV spike — 5.1% change
  • 2025-02-27: Highest IV Rank — 62.7%
  • 2025-02-28: Largest Expected Move — 15.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.53$32.86$37.29$34.39$32.86
Max Pain$36.37$35.00$40.00$37.00$36.00
ATM IV47.8%44.9%51.9%45.7%50.9%
Expected Move13.8%13.0%15.0%13.2%15.0%
HV 20d42.2%38.8%48.8%41.7%44.6%
HV 60d41.5%38.6%45.1%44.6%40.7%
IV Rank46.0%34.6%62.7%37.6%59.0%
IV Percentile42.5%20.2%78.6%25.4%70.6%
Term Structure0.0%-2.8%4.7%1.7%-1.9%
VWIV47.8%45.3%52.4%45.3%51.5%
Skew 25d0.8%-18.9%8.6%1.1%1.9%
Skew 10d7.2%-16.1%24.6%3.1%10.6%
Call IV 25d47.2%39.0%51.1%46.5%50.7%
Put IV 25d48.0%25.3%52.8%47.6%52.6%
Bid-Ask Spread %14.133.8428.5115.5716.20
Gamma HHI0.150.130.250.140.13
Net GEX1.6M-3.2M4.7M195.8K-1.5M
Net DEX-10.4M-72.2M76.5M28.6M76.5M
Net VEX-1.3M-1.4M-1.2M-1.2M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.211.260.561.21
Total Volume15,1564,74447,77212,48814,453
Total OI250,989.632230,149279,411231,182248,928

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$34.39$37.0045.7%13.2%41.7%37.6%45.3%1.1%1.7%195.8K28.6M-1.2M0.5615.57N/AN/A8,0224,466128,810102,372
2025-02-04$36.30$36.0046.2%13.1%41.1%39.4%45.7%0.7%4.7%2.9M-35.2M-1.3M0.5821.81N/AN/A12,9987,517132,103104,359
2025-02-05$35.89$36.0046.1%13.0%40.6%39.2%45.8%8.6%-0.4%2.4M-22.1M-1.3M1.0418.79N/AN/A2,3222,422136,205109,644
2025-02-06$35.61$35.0045.8%13.3%40.4%37.9%46.7%2.1%0.0%1.8M-11.9M-1.3M0.334.29N/AN/A7,0462,342136,379110,611
2025-02-07$36.09$35.0045.8%13.4%40.7%38.0%46.4%0.9%-0.1%2.1M-31.3M-1.3M0.2810.15N/AN/A11,2963,135139,233111,286
2025-02-10$37.00$35.0046.8%13.6%41.6%41.9%47.1%-18.9%0.7%2.8M-57.0M-1.3M0.734.83N/AN/A12,9239,396131,658104,921
2025-02-11$37.29$35.0046.6%13.5%41.3%40.9%46.6%-0.5%0.4%3.4M-72.2M-1.4M0.437.66N/AN/A16,0986,980137,370110,790
2025-02-12$36.16$35.0044.9%13.5%42.8%34.6%46.8%1.4%2.8%2.2M-33.7M-1.3M0.3415.05N/AN/A8,7322,970146,185115,160
2025-02-13$36.22$35.0047.1%13.5%40.2%42.7%47.1%1.8%0.1%2.3M-35.3M-1.3M0.3228.51N/AN/A7,1532,267149,027116,591
2025-02-14$36.38$35.0046.8%13.6%39.2%41.6%47.1%2.5%1.4%2.9M-43.1M-1.3M0.504.93N/AN/A6,6333,314151,114117,825
2025-02-18$36.95$35.0048.0%13.8%39.0%46.4%47.4%1.8%-1.4%3.8M-62.1M-1.3M0.544.58N/AN/A4,4532,392147,665112,739
2025-02-19$36.20$35.0046.8%13.4%38.8%41.5%46.9%1.9%-2.8%2.7M-31.6M-1.3M0.653.84N/AN/A3,3512,187148,882113,850
2025-02-20$36.92$35.0047.4%13.6%39.6%44.2%47.2%1.7%-0.8%4.7M-63.6M-1.3M0.3619.24N/AN/A35,18212,590149,949115,161
2025-02-21$34.14$40.0049.9%14.3%47.2%53.4%50.3%0.6%0.3%-3.2M59.1M-1.2M1.2619.30N/AN/A10,18612,785158,096121,315
2025-02-24$35.22$40.0049.8%14.4%48.8%54.6%50.0%1.3%-0.6%1.1M4.9M-1.3M0.2118.01N/AN/A15,4253,198128,163101,986
2025-02-25$34.41$40.0051.2%14.9%45.3%60.1%52.4%1.8%-1.1%860.3K24.4M-1.3M0.7413.56N/AN/A7,2525,381135,860103,830
2025-02-26$33.60$40.0050.9%14.9%45.1%58.9%51.2%2.1%-1.3%-10.9K52.0M-1.2M0.4623.94N/AN/A9,5944,444137,033107,154
2025-02-27$33.48$36.0051.9%14.8%44.2%62.7%46.5%1.7%-1.4%-297.8K56.6M-1.2M0.8418.22N/AN/A3,8283,231136,876109,673
2025-02-28$32.86$36.0050.9%15.0%44.6%59.0%51.5%1.9%-1.9%-1.5M76.5M-1.2M1.2116.20N/AN/A6,5317,922137,549111,379