AA Options History — August 2025

In August 2025, AA traded between $28.15 and $32.09. ATM implied volatility averaged 46.1%, placing in the 14.8% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 1.6% (HV 20d: 44.5%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.83.

Notable Days

  • 2025-08-22: Highest Volume — 45,508 contracts
  • 2025-08-04: Largest IV drop — 9.5% change
  • 2025-08-01: Highest IV Rank — 24.1%
  • 2025-08-01: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.53$28.15$32.09$28.15$32.09
Max Pain$34.05$30.00$35.00$30.00$32.00
ATM IV46.1%43.5%52.6%52.6%48.2%
Expected Move13.3%12.5%16.2%16.2%13.9%
HV 20d44.5%38.4%51.5%44.1%44.4%
HV 60d42.1%39.0%44.6%44.3%43.1%
IV Rank14.8%11.0%24.1%24.1%17.8%
IV Percentile21.9%7.9%69.4%69.4%37.7%
Term Structure-0.4%-3.4%1.2%-3.4%-1.8%
VWIV46.7%43.6%57.1%57.1%48.3%
Skew 25d2.4%1.4%3.6%3.6%1.9%
Skew 10d6.9%-11.3%25.4%-2.2%25.4%
Call IV 25d45.2%42.5%49.5%49.5%47.0%
Put IV 25d47.6%44.7%53.1%53.1%48.9%
Bid-Ask Spread %16.312.2750.1833.2820.21
Gamma HHI0.120.090.250.100.25
Net GEX2.2M-2.2M6.7M-363.6K6.7M
Net DEX-8.5M-76.6M87.6M87.6M-68.3M
Net VEX-1.4M-1.4M-1.3M-1.3M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.152.000.400.97
Total Volume17,816.5246,18945,50836,64723,006
Total OI330,280.524284,965361,786338,510337,169

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$28.15$30.0052.6%16.2%44.1%24.1%57.1%3.6%-3.4%-363.6K87.6M-1.3M0.4033.28N/AN/A26,21510,432170,911167,599
2025-08-04$29.09$35.0047.6%13.4%43.5%17.0%50.8%1.4%1.2%2.8M32.1M-1.3M0.8328.14N/AN/A14,75512,206177,939160,803
2025-08-05$29.63$35.0046.9%13.2%43.0%15.9%46.5%1.9%-1.1%4.4M12.4M-1.4M0.6950.18N/AN/A6,5484,492184,726170,987
2025-08-06$29.60$35.0045.9%13.2%43.0%14.5%46.4%2.3%0.4%4.5M20.7M-1.4M0.1531.83N/AN/A16,9662,500185,659174,083
2025-08-07$30.13$35.0046.2%13.1%42.0%15.0%47.6%1.7%-0.1%5.3M-8.9M-1.4M0.737.64N/AN/A5,2223,824183,389174,855
2025-08-08$29.98$35.0045.7%13.0%41.6%14.3%45.0%2.1%-1.4%4.7M7.5M-1.4M0.336.31N/AN/A9,2903,080184,785177,001
2025-08-11$29.35$35.0047.9%13.5%38.4%17.4%49.3%3.2%-0.7%1.2M39.3M-1.3M2.008.13N/AN/A6,12312,240159,753168,386
2025-08-12$31.19$35.0045.8%13.2%42.1%14.3%45.5%2.2%0.6%5.0M-54.4M-1.4M0.4325.97N/AN/A18,1437,757160,157173,701
2025-08-13$31.65$35.0045.6%13.3%42.2%14.0%46.6%3.0%0.5%5.7M-76.6M-1.4M0.6816.36N/AN/A8,8316,037161,743176,805
2025-08-14$31.30$35.0046.3%13.3%41.2%15.0%46.3%2.8%0.4%4.6M-50.4M-1.4M1.192.27N/AN/A3,3544,002162,038178,377
2025-08-15$31.29$35.0044.9%12.9%40.6%13.1%44.6%2.8%0.2%941.3K-56.6M-1.3M0.986.83N/AN/A6,6636,545162,958179,966
2025-08-18$29.61$35.0044.8%12.9%44.4%12.9%44.7%2.9%0.0%-1.4M47.8M-1.3M1.445.91N/AN/A11,77617,006120,463164,502
2025-08-19$29.70$35.0045.0%12.9%43.0%13.2%44.2%2.4%-0.8%-2.0M54.0M-1.3M0.3021.93N/AN/A7,2112,168125,742176,232
2025-08-20$29.50$35.0044.5%12.8%43.0%12.5%45.5%3.0%0.1%-2.2M61.4M-1.3M0.729.73N/AN/A3,5972,592127,183177,477
2025-08-21$29.44$35.0045.2%13.0%42.8%13.6%44.7%2.6%-0.2%-2.1M61.0M-1.3M1.124.81N/AN/A6,9037,714127,757177,361
2025-08-22$31.88$35.0043.5%12.5%51.5%11.0%43.6%2.2%-0.2%1.6M-54.7M-1.3M0.3225.83N/AN/A34,37811,130130,770178,978
2025-08-25$31.88$32.0045.5%13.1%51.4%13.9%45.9%1.4%-1.2%2.3M-64.6M-1.4M1.2611.27N/AN/A6,7478,495143,650168,939
2025-08-26$31.81$32.0045.8%13.3%51.3%14.3%46.8%2.0%-0.2%1.5M-53.2M-1.4M1.138.61N/AN/A3,7354,217147,462175,201
2025-08-27$31.83$32.0045.0%13.3%50.7%13.2%46.6%2.1%0.6%1.5M-53.9M-1.4M0.743.92N/AN/A8,8036,516149,056176,446
2025-08-28$31.98$32.0045.1%13.1%50.7%13.4%44.4%3.2%-0.3%1.4M-59.5M-1.4M1.0313.43N/AN/A6,3786,550154,747180,135
2025-08-29$32.09$32.0048.2%13.9%44.4%17.8%48.3%1.9%-1.8%6.7M-68.3M-1.4M0.9720.21N/AN/A11,66611,340154,951182,218