AA Options History — March 2025

In March 2025, AA traded between $30.48 and $35.36. ATM implied volatility averaged 53.8%, placing in the 70.2% IV rank vs the trailing year. The 30-day expected move averaged 15.5%. IV traded above realized volatility by 4.5% (HV 20d: 49.3%). Max pain ranged from $35.00 to $36.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.72.

Notable Days

  • 2025-03-28: Highest Volume — 31,404 contracts
  • 2025-03-10: Largest IV spike — 10.8% change
  • 2025-03-10: Highest IV Rank — 90.3%
  • 2025-03-10: Largest Expected Move — 19.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.87$30.48$35.36$31.36$30.48
Max Pain$35.05$35.00$36.00$36.00$35.00
ATM IV53.8%50.4%59.0%55.2%57.7%
Expected Move15.5%13.9%19.1%16.7%15.6%
HV 20d49.3%43.6%56.2%47.0%48.9%
HV 60d42.9%39.8%45.3%41.5%45.1%
IV Rank70.2%57.1%90.3%75.5%85.3%
IV Percentile85.4%65.1%99.2%95.2%98.8%
Term Structure0.4%-2.9%4.6%-0.2%-1.2%
VWIV54.4%49.3%67.2%58.5%53.6%
Skew 25d2.3%-23.6%15.7%15.7%1.6%
Skew 10d6.5%-23.8%31.8%12.3%7.6%
Call IV 25d52.5%48.9%57.2%52.6%54.7%
Put IV 25d54.7%33.6%68.2%68.2%56.3%
Bid-Ask Spread %27.6714.5840.3824.6734.21
Gamma HHI0.140.110.200.130.17
Net GEX-47.0K-2.3M1.5M-1.2M-222.9K
Net DEX51.5M-34.0M117.1M103.4M73.8M
Net VEX-1.2M-1.3M-1.0M-1.1M-1.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.142.402.400.49
Total Volume14,370.1435,89131,40426,42313,243
Total OI249,399.333215,810268,222238,378232,083

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$31.36$36.0055.2%16.7%47.0%75.5%58.5%15.7%-0.2%-1.2M103.4M-1.1M2.4024.67N/AN/A7,77818,645128,330110,048
2025-03-04$31.34$35.0056.0%16.5%46.5%78.5%58.4%4.0%1.8%-2.3M117.1M-1.1M1.6715.70N/AN/A5,1738,652132,694126,166
2025-03-05$32.42$35.0052.5%15.5%43.6%65.1%53.1%3.5%-0.6%-2.1M94.8M-1.2M0.6015.70N/AN/A7,2534,361133,364129,002
2025-03-06$32.98$35.0054.7%16.3%44.3%73.5%58.9%3.8%-0.0%-1.1M70.7M-1.2M1.3918.40N/AN/A10,34914,334138,412129,810
2025-03-07$32.77$35.0053.2%15.7%44.3%67.9%55.3%3.9%-0.0%-475.4K72.0M-1.2M0.7019.77N/AN/A7,5595,257140,107124,047
2025-03-10$31.09$35.0059.0%19.1%46.9%90.3%67.2%-23.6%3.4%-1.1M107.0M-1.1M0.5532.24N/AN/A6,3983,506134,448117,434
2025-03-11$32.04$35.0057.7%18.0%47.4%85.1%63.5%3.9%3.0%-724.3K84.1M-1.2M0.5630.98N/AN/A5,4453,065136,750118,185
2025-03-12$33.41$35.0053.8%16.6%50.3%70.1%59.4%2.6%-2.9%-83.7K46.9M-1.2M0.1423.06N/AN/A25,9123,732138,725119,641
2025-03-13$32.41$35.0056.1%16.9%50.3%78.9%58.2%4.5%4.6%-433.9K76.5M-1.2M0.5533.16N/AN/A12,1836,722143,442120,846
2025-03-14$33.51$35.0051.4%15.1%52.1%60.7%53.0%6.4%3.2%787.2K33.8M-1.2M0.7037.09N/AN/A4,9063,447145,687117,861
2025-03-17$34.84$35.0052.1%14.6%54.2%63.7%50.2%4.4%-0.7%1.2M-10.5M-1.3M0.5834.65N/AN/A9,0725,245139,552112,378
2025-03-18$33.98$35.0053.3%14.7%54.4%68.3%51.7%3.6%-0.6%471.9K21.8M-1.2M0.6032.08N/AN/A5,8273,494141,934114,370
2025-03-19$35.36$35.0050.4%14.5%56.2%57.1%50.2%2.9%2.5%1.5M-34.0M-1.3M0.4833.53N/AN/A6,4033,093143,223115,049
2025-03-20$35.05$35.0051.3%14.2%55.7%60.4%49.3%4.0%0.4%627.3K-17.0M-1.3M1.1040.38N/AN/A2,7993,092144,597115,194
2025-03-21$33.81$35.0050.6%14.1%49.8%57.8%50.4%3.7%-1.7%1.5M43.6M-1.2M0.5032.85N/AN/A5,9272,950145,968115,690
2025-03-24$33.48$35.0052.3%14.0%48.4%64.3%49.8%3.3%-0.7%956.9K24.3M-1.2M0.8127.33N/AN/A8,4636,877119,62396,187
2025-03-25$33.84$35.0052.2%13.9%48.0%63.7%49.4%2.8%-0.7%1.4M15.6M-1.2M0.1524.28N/AN/A12,5841,945124,466100,963
2025-03-26$33.24$35.0052.4%14.2%47.6%64.5%49.7%3.4%-0.4%919.8K27.2M-1.2M0.2329.82N/AN/A5,7861,358128,010102,020
2025-03-27$32.25$35.0053.3%14.8%48.8%68.1%50.3%-9.9%-1.0%-118.7K51.9M-1.1M0.6326.61N/AN/A4,6332,901127,628101,266
2025-03-28$30.67$35.0055.4%15.3%51.5%76.3%52.1%3.1%0.2%-619.6K79.6M-1.0M0.1914.58N/AN/A26,3545,050130,365101,821
2025-03-31$30.48$35.0057.7%15.6%48.9%85.3%53.6%1.6%-1.2%-222.9K73.8M-1.0M0.4934.21N/AN/A8,9124,331130,652101,431