AA Options History — May 2025

In May 2025, AA traded between $24.38 and $29.46. ATM implied volatility averaged 51.1%, placing in the 22.0% IV rank vs the trailing year. The 30-day expected move averaged 14.7%. IV traded below realized volatility by 11.7% (HV 20d: 62.8%). Max pain ranged from $23.00 to $35.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.24.

Notable Days

  • 2025-05-12: Highest Volume — 22,709 contracts
  • 2025-05-07: Largest IV drop — 16.0% change
  • 2025-05-01: Highest IV Rank — 31.6%
  • 2025-05-01: Largest Expected Move — 16.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.32$24.38$29.46$24.50$26.77
Max Pain$33.62$23.00$35.00$23.00$30.00
ATM IV51.1%46.4%57.8%57.8%50.9%
Expected Move14.7%13.1%16.6%16.6%14.4%
HV 20d62.8%46.5%104.1%104.1%48.6%
HV 60d72.2%70.0%74.4%70.0%71.6%
IV Rank22.0%15.2%31.6%31.6%21.7%
IV Percentile59.9%27.8%92.9%92.9%63.5%
Term Structure-0.1%-4.4%13.8%3.7%0.5%
VWIV51.0%43.8%57.7%57.7%49.1%
Skew 25d9.1%-3.0%38.3%38.3%4.5%
Skew 10d14.1%-8.3%32.9%19.9%10.9%
Call IV 25d47.2%34.7%53.4%51.0%48.9%
Put IV 25d56.3%49.3%89.3%89.3%53.4%
Bid-Ask Spread %18.223.6034.3024.8629.04
Gamma HHI0.090.070.120.080.10
Net GEX743.1K-783.0K2.4M-55.8K-730.2K
Net DEX19.5M-57.1M85.6M71.4M52.6M
Net VEX-1.1M-1.2M-950.4K-971.5K-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.240.253.700.582.31
Total Volume14,136.7143,61422,7093,61417,511
Total OI290,796.381269,401307,950280,001294,436

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$24.50$23.0057.8%16.6%104.1%31.6%57.7%38.3%3.7%-55.8K71.4M-971.5K0.5824.86N/AN/A2,2921,322146,460133,541
2025-05-02$25.54$23.0053.4%15.5%96.7%25.2%53.1%6.1%-1.4%337.0K50.1M-1.0M0.3617.52N/AN/A7,9232,831147,127133,882
2025-05-05$25.15$35.0055.4%15.9%91.5%28.1%54.5%7.8%1.5%8.7K58.4M-989.8K1.0724.53N/AN/A4,4034,719138,380131,021
2025-05-06$24.88$35.0057.2%16.2%91.3%30.7%57.1%6.7%13.8%-234.6K66.2M-968.5K2.4413.88N/AN/A3,4968,526140,934134,067
2025-05-07$24.38$35.0048.0%15.2%84.6%17.6%54.6%36.6%-2.8%-783.0K85.6M-950.4K1.8323.90N/AN/A4,3908,021143,113141,442
2025-05-08$25.71$35.0053.8%16.5%65.6%25.8%53.2%-3.0%2.5%386.8K51.9M-1.1M0.535.66N/AN/A13,3287,006145,322144,886
2025-05-09$25.87$35.0055.3%15.9%52.6%27.9%54.5%6.2%-0.8%1.3M42.5M-1.1M0.4324.39N/AN/A13,4565,819151,048145,107
2025-05-12$28.36$35.0048.9%13.1%58.7%18.8%46.6%5.3%-4.4%2.1M-24.1M-1.2M0.253.74N/AN/A18,1734,536152,546144,434
2025-05-13$28.59$35.0046.4%13.1%58.6%15.2%49.1%4.2%1.7%1.8M-23.5M-1.1M0.653.83N/AN/A5,5783,625149,125144,294
2025-05-14$29.45$35.0048.6%13.8%58.5%18.3%48.6%5.9%-0.4%1.9M-53.4M-1.2M0.463.60N/AN/A12,1925,605151,572144,380
2025-05-15$28.68$35.0047.9%13.4%59.8%17.4%47.5%6.4%-1.1%2.4M-30.2M-1.2M0.2811.52N/AN/A5,6291,552157,726146,348
2025-05-16$29.46$35.0048.8%13.4%51.9%18.6%53.3%5.4%-4.0%2.2M-57.1M-1.2M0.4122.38N/AN/A12,2364,982160,665147,285
2025-05-19$29.21$35.0049.7%14.3%52.4%20.0%48.6%6.7%-4.2%1.7M-14.5M-1.2M1.5418.64N/AN/A3,8245,879142,108142,106
2025-05-20$28.76$35.0048.7%14.0%52.3%18.5%48.4%6.6%-1.5%1.1M3.0M-1.2M0.6212.27N/AN/A4,5812,821143,065147,540
2025-05-21$28.44$35.0050.0%14.3%52.3%20.4%47.6%7.1%-0.4%857.8K11.0M-1.2M1.0820.27N/AN/A6,3726,901146,167149,022
2025-05-22$28.10$35.0049.7%14.2%49.4%19.9%43.8%6.8%0.2%635.4K22.5M-1.2M3.4634.30N/AN/A4,34915,062147,592150,594
2025-05-23$28.02$35.0052.1%14.9%48.2%23.4%49.6%7.6%-1.5%809.0K28.6M-1.2M0.9319.75N/AN/A11,43010,683148,785151,813
2025-05-27$28.27$35.0049.8%14.4%48.0%20.1%52.9%9.9%-3.2%-140.7K15.5M-1.2M1.1028.85N/AN/A6,5217,194137,894147,624
2025-05-28$27.95$35.0051.0%14.6%47.9%21.8%51.6%8.7%-0.9%44.5K23.3M-1.1M2.0223.72N/AN/A3,2236,496141,342149,107
2025-05-29$27.69$35.0049.8%14.4%46.5%20.1%49.0%8.2%0.4%-42.0K29.9M-1.1M3.7015.93N/AN/A4,76517,619142,724150,100
2025-05-30$26.77$30.0050.9%14.4%48.6%21.7%49.1%4.5%0.5%-730.2K52.6M-1.1M2.3129.04N/AN/A5,29812,213144,221150,215