AA Options History — July 2025

In July 2025, AA traded between $28.57 and $32.02. ATM implied volatility averaged 49.5%, placing in the 19.7% IV rank vs the trailing year. The 30-day expected move averaged 14.4%. IV traded above realized volatility by 4.0% (HV 20d: 45.5%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.77.

Notable Days

2025-07-16: Highest Volume — 51,349 contracts
2025-07-17: Largest IV drop — 16.5% change
2025-07-02: Highest IV Rank — 29.7%
2025-07-02: Largest Expected Move — 16.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$30.54	$28.57	$32.02	$30.05	$29.95
Max Pain	$29.55	$25.00	$30.00	$25.00	$30.00
ATM IV	49.5%	43.1%	56.5%	52.5%	48.8%
Expected Move	14.4%	12.7%	16.4%	16.2%	14.6%
HV 20d	45.5%	38.7%	50.4%	40.7%	38.7%
HV 60d	48.1%	42.3%	65.4%	65.4%	42.3%
IV Rank	19.7%	10.5%	29.7%	24.0%	18.6%
IV Percentile	47.0%	6.0%	90.1%	71.8%	38.1%
Term Structure	-1.7%	-22.2%	4.0%	-3.5%	-2.7%
VWIV	50.0%	44.7%	58.6%	56.8%	51.4%
Skew 25d	3.4%	-2.5%	6.9%	5.5%	2.3%
Skew 10d	10.8%	4.3%	33.4%	13.7%	6.2%
Call IV 25d	48.2%	42.6%	53.4%	48.8%	48.1%
Put IV 25d	51.6%	45.1%	59.3%	54.3%	50.4%
Bid-Ask Spread %	31.14	10.61	54.06	25.77	33.96
Gamma HHI	0.13	0.08	0.34	0.34	0.09
Net GEX	1.9M	-964.4K	4.9M	4.9M	-584.2K
Net DEX	-34.7M	-107.3M	42.7M	-45.2M	37.1M
Net VEX	-1.3M	-1.4M	-1.2M	-1.2M	-1.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.77	0.08	3.56	0.99	0.08
Total Volume	19,870.5	4,115	51,349	7,489	27,836
Total OI	292,934.455	267,959	342,271	269,163	310,039

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-07-01	$30.05	$25.00	52.5%	16.2%	40.7%	24.0%	56.8%	5.5%	-3.5%	4.9M	-45.2M	-1.2M	0.99	25.77	N/A	N/A	3,759	3,730	132,743	136,420
2025-07-02	$31.30	$25.00	56.5%	16.4%	40.7%	29.7%	58.6%	4.8%	-3.3%	3.6M	-99.9M	-1.2M	0.28	43.53	N/A	N/A	19,017	5,299	134,401	137,668
2025-07-03	$31.27	$30.00	51.8%	14.6%	40.0%	22.9%	51.1%	5.3%	-1.4%	2.9M	-107.3M	-1.3M	0.56	33.94	N/A	N/A	3,651	2,046	145,138	140,135
2025-07-07	$29.90	$30.00	54.3%	15.4%	43.4%	26.5%	53.7%	6.6%	-0.6%	1.3M	-22.9M	-1.2M	1.18	15.67	N/A	N/A	7,236	8,526	132,583	135,376
2025-07-08	$30.64	$30.00	55.3%	15.8%	44.0%	28.0%	53.8%	3.9%	-1.4%	1.7M	-51.1M	-1.3M	0.16	41.76	N/A	N/A	15,064	2,459	135,459	141,561
2025-07-09	$30.68	$30.00	53.6%	15.3%	43.1%	25.5%	51.8%	2.8%	0.2%	2.6M	-63.1M	-1.3M	0.29	10.61	N/A	N/A	6,754	1,971	146,087	142,673
2025-07-10	$31.62	$30.00	53.9%	15.4%	44.1%	26.0%	51.8%	4.9%	0.2%	4.0M	-103.5M	-1.3M	1.20	18.65	N/A	N/A	4,176	4,994	150,058	142,981
2025-07-11	$31.02	$30.00	53.8%	15.1%	44.9%	25.8%	52.6%	6.9%	-1.3%	3.6M	-74.8M	-1.3M	0.81	37.96	N/A	N/A	7,929	6,424	150,287	145,953
2025-07-14	$29.54	$30.00	54.2%	15.4%	48.6%	26.4%	52.3%	3.7%	-1.7%	1.8M	-14.5M	-1.2M	0.42	33.12	N/A	N/A	30,215	12,771	147,290	140,728
2025-07-15	$28.57	$30.00	52.5%	15.0%	49.5%	23.9%	52.3%	2.5%	-0.5%	754.3K	21.1M	-1.2M	0.41	36.01	N/A	N/A	20,914	8,501	153,800	150,334
2025-07-16	$28.71	$30.00	53.2%	15.3%	48.4%	25.0%	53.1%	3.7%	-1.5%	-93.4K	23.5M	-1.3M	0.57	33.33	N/A	N/A	32,619	18,730	148,872	155,725
2025-07-17	$29.68	$30.00	44.5%	13.2%	49.6%	12.5%	45.8%	3.2%	-22.2%	4.1M	-25.4M	-1.3M	0.51	36.49	N/A	N/A	28,850	14,719	172,307	169,964
2025-07-18	$30.30	$30.00	45.4%	13.1%	49.9%	13.7%	45.8%	3.0%	-0.8%	3.5M	-62.9M	-1.3M	0.55	34.16	N/A	N/A	11,270	6,207	168,320	170,065
2025-07-21	$31.02	$30.00	46.1%	12.9%	50.0%	14.8%	44.9%	2.3%	-0.5%	1.3M	-35.4M	-1.3M	0.66	30.07	N/A	N/A	12,290	8,112	126,034	143,141
2025-07-22	$31.91	$30.00	43.1%	13.2%	50.4%	10.5%	45.1%	2.4%	4.0%	1.8M	-63.3M	-1.4M	0.33	34.54	N/A	N/A	7,752	2,563	128,217	148,035
2025-07-23	$32.02	$30.00	44.5%	12.8%	50.4%	12.5%	45.1%	2.5%	0.3%	2.3M	-71.4M	-1.4M	1.23	19.95	N/A	N/A	8,514	10,449	131,287	149,030
2025-07-24	$31.56	$30.00	44.3%	12.7%	50.1%	12.2%	45.0%	-2.5%	-0.2%	1.5M	-48.7M	-1.4M	0.28	26.67	N/A	N/A	9,605	2,728	135,925	156,627
2025-07-25	$30.96	$30.00	43.9%	12.7%	47.9%	11.7%	44.7%	2.7%	0.1%	1.3M	-17.6M	-1.4M	1.46	28.73	N/A	N/A	7,827	11,419	135,658	158,383
2025-07-28	$30.72	$30.00	46.0%	13.7%	43.8%	14.6%	48.0%	3.0%	-0.9%	211.6K	2.5M	-1.4M	3.56	31.75	N/A	N/A	5,288	18,850	133,232	156,187
2025-07-29	$30.53	$30.00	45.0%	13.7%	41.4%	13.3%	47.4%	3.0%	1.2%	-505.1K	16.5M	-1.4M	0.97	24.26	N/A	N/A	2,085	2,030	135,114	167,082
2025-07-30	$29.94	$30.00	46.4%	13.8%	41.6%	15.2%	48.8%	2.0%	-1.6%	-964.4K	42.7M	-1.4M	0.35	54.06	N/A	N/A	8,878	3,094	135,620	168,019
2025-07-31	$29.95	$30.00	48.8%	14.6%	38.7%	18.6%	51.4%	2.3%	-2.7%	-584.2K	37.1M	-1.4M	0.08	33.96	N/A	N/A	25,806	2,030	141,323	168,716