AA Options History — April 2025

In April 2025, AA traded between $22.26 and $30.85. ATM implied volatility averaged 70.4%, placing in the 60.4% IV rank vs the trailing year. The 30-day expected move averaged 19.8%. IV traded below realized volatility by 19.9% (HV 20d: 90.3%). Max pain ranged from $22.50 to $35.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.96.

Notable Days

  • 2025-04-08: Highest Volume — 52,853 contracts
  • 2025-04-10: Largest IV spike — 37.4% change
  • 2025-04-03: Highest IV Rank — 100.0%
  • 2025-04-08: Largest Expected Move — 27.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.35$22.26$30.85$29.96$24.46
Max Pain$28.64$22.50$35.00$35.00$23.00
ATM IV70.4%53.0%105.7%57.8%57.5%
Expected Move19.8%15.2%27.1%15.8%16.8%
HV 20d90.3%48.8%105.8%49.2%105.0%
HV 60d64.2%44.0%71.1%45.2%71.1%
IV Rank60.4%24.7%100.0%85.8%31.1%
IV Percentile95.6%80.2%100.0%98.8%91.7%
Term Structure-0.2%-6.7%8.4%-1.6%6.3%
VWIV67.9%52.5%92.3%54.8%58.1%
Skew 25d11.3%-12.4%28.3%4.7%6.2%
Skew 10d21.9%-15.7%59.4%13.7%8.5%
Call IV 25d63.3%47.0%112.6%54.9%53.6%
Put IV 25d74.6%51.4%140.7%59.6%59.8%
Bid-Ask Spread %22.5814.1929.4324.5619.09
Gamma HHI0.100.070.190.180.08
Net GEX-367.5K-1.4M633.1K-425.6K79.1K
Net DEX88.6M31.8M132.9M84.7M70.4M
Net VEX-941.1K-1.1M-648.8K-1.0M-968.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.222.231.240.73
Total Volume18,404.3336,55352,8537,8427,623
Total OI265,537.905234,677306,790234,677276,781

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$29.96$35.0057.8%15.8%49.2%85.8%54.8%4.7%-1.6%-425.6K84.7M-1.0M1.2424.56N/AN/A3,4964,346131,737102,940
2025-04-02$30.85$35.0056.0%15.2%48.8%78.6%52.5%5.0%-3.8%-68.2K62.9M-1.1M0.5323.78N/AN/A4,9622,631133,568104,816
2025-04-03$27.25$35.0064.4%18.4%64.5%100.0%61.6%-12.4%-5.2%-868.2K121.5M-853.6K1.7019.17N/AN/A9,44816,030136,454104,799
2025-04-04$24.96$35.0085.2%22.7%70.2%100.0%78.5%8.2%-2.2%-950.8K132.9M-789.7K2.2320.85N/AN/A7,34916,405140,448107,162
2025-04-07$24.47$30.0089.5%24.0%68.7%100.0%76.3%20.2%-2.0%-680.3K122.4M-760.1K0.2222.60N/AN/A24,1585,207132,830103,719
2025-04-08$22.26$30.00100.4%27.1%72.7%100.0%92.3%15.2%-5.4%-545.3K131.1M-648.8K0.8828.58N/AN/A28,08724,766140,956103,944
2025-04-09$26.05$30.0076.9%21.4%93.8%63.6%71.5%11.2%-2.3%-605.4K104.6M-916.9K1.5029.30N/AN/A10,46215,674142,511122,045
2025-04-10$23.44$30.00105.7%27.0%99.4%100.0%88.5%28.1%-6.7%-517.3K121.3M-810.3K0.8125.90N/AN/A21,93017,719146,892118,463
2025-04-11$24.73$30.0083.5%23.6%100.9%68.4%78.6%-3.8%-2.3%-370.1K92.9M-1.0M0.3018.16N/AN/A7,3202,161161,660130,930
2025-04-14$25.14$30.0077.9%22.4%99.7%60.2%76.5%16.4%-3.4%-586.5K95.8M-990.6K1.4421.42N/AN/A6,0318,677156,566127,281
2025-04-15$24.72$30.0070.3%20.1%99.6%49.5%73.1%14.6%6.1%-673.5K104.0M-973.4K1.2023.24N/AN/A2,9773,576159,899135,059
2025-04-16$24.97$30.0070.4%20.2%97.9%49.6%70.1%15.6%3.7%-562.3K95.5M-998.4K1.3629.43N/AN/A9,83313,369161,182135,703
2025-04-17$23.19$30.0067.9%19.5%99.9%46.0%72.6%11.3%-2.6%-1.4M130.0M-859.5K0.8315.29N/AN/A12,27010,129166,126140,664
2025-04-21$23.54$25.0070.5%20.4%100.5%49.7%67.9%14.1%-3.2%-478.0K79.1M-916.6K1.5928.18N/AN/A5,4458,672127,611119,717
2025-04-22$24.41$25.0063.5%17.9%102.3%39.7%61.0%13.5%2.5%-342.9K69.5M-978.6K0.7725.12N/AN/A6,7545,217130,514126,540
2025-04-23$25.01$25.0058.6%18.8%102.9%32.8%66.4%12.2%8.4%-18.0K57.8M-1.0M0.6514.78N/AN/A7,1544,652133,889130,678
2025-04-24$26.42$25.0059.5%16.9%105.8%33.9%55.0%10.8%-0.7%407.9K31.8M-1.1M0.9714.19N/AN/A8,0647,819135,890131,783
2025-04-25$25.70$22.5055.5%15.8%105.8%28.2%54.9%8.7%4.0%184.4K43.6M-1.0M0.4928.62N/AN/A5,6182,756140,279132,571
2025-04-28$25.52$23.0053.0%16.4%104.8%24.7%59.5%28.3%5.3%84.9K51.2M-1.0M0.2523.09N/AN/A12,9243,191136,996129,179
2025-04-29$25.20$23.0054.6%16.3%104.8%27.0%56.9%8.8%0.5%633.1K57.1M-998.7K0.5818.90N/AN/A7,3154,274144,461131,053
2025-04-30$24.46$23.0057.5%16.8%105.0%31.1%58.1%6.2%6.3%79.1K70.4M-968.8K0.7319.09N/AN/A4,4163,207145,654131,127