AA Options History — January 2026

In January 2026, AA traded between $56.34 and $65.63. ATM implied volatility averaged 58.3%, placing in the 27.1% IV rank vs the trailing year. The 30-day expected move averaged 16.3%. IV traded above realized volatility by 3.9% (HV 20d: 54.3%). Max pain ranged from $35.00 to $55.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.61.

Notable Days

  • 2026-01-30: Highest Volume — 57,220 contracts
  • 2026-01-06: Largest IV spike — 8.9% change
  • 2026-01-12: Highest IV Rank — 34.1%
  • 2026-01-20: Largest Expected Move — 17.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$61.80$56.34$65.63$56.34$56.64
Max Pain$50.85$35.00$55.00$35.00$55.00
ATM IV58.3%52.1%62.5%52.5%58.1%
Expected Move16.3%13.0%17.8%13.0%16.6%
HV 20d54.3%43.9%65.6%43.9%65.6%
HV 60d56.4%52.5%59.3%57.3%55.5%
IV Rank27.1%18.2%34.1%18.7%24.5%
IV Percentile83.6%54.8%94.4%64.3%84.5%
Term Structure-1.4%-4.6%4.3%-0.6%-1.0%
VWIV57.6%46.1%62.4%46.1%60.0%
Skew 25d-1.3%-12.6%3.1%-0.6%-1.1%
Skew 10d-5.9%-23.5%15.4%-16.8%-22.8%
Call IV 25d59.5%53.0%64.8%53.7%60.6%
Put IV 25d58.3%52.2%63.6%53.1%59.5%
Bid-Ask Spread %52.8831.8973.4452.8748.42
Gamma HHI0.150.080.380.380.09
Net GEX6.1M1.2M22.0M22.0M1.8M
Net DEX-657.6M-965.0M-264.8M-702.5M-264.8M
Net VEX-1.7M-1.9M-1.3M-1.4M-1.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.201.190.600.27
Total Volume25,711.3513,96457,22027,43857,220
Total OI327,268.35260,652383,321331,190308,570

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$56.34$35.0052.5%13.0%43.9%18.7%46.1%-0.6%-0.6%22.0M-702.5M-1.4M0.6052.87N/AN/A17,17010,268172,833158,357
2026-01-05$61.55$45.0056.8%15.8%49.9%25.3%55.0%1.9%-1.8%6.2M-817.8M-1.3M0.2569.68N/AN/A44,08211,035164,124153,692
2026-01-06$63.61$46.0061.8%17.2%50.0%33.0%60.3%-3.0%-1.6%7.7M-929.1M-1.5M0.5650.13N/AN/A26,84015,021185,851159,972
2026-01-07$62.39$47.0060.2%16.6%51.8%30.5%58.2%0.4%-0.5%7.7M-878.5M-1.7M1.0259.51N/AN/A6,9047,060193,767170,340
2026-01-08$60.94$49.0061.3%17.0%52.4%32.2%60.4%-0.4%0.4%6.8M-817.7M-1.7M0.9350.60N/AN/A11,43110,584195,221173,792
2026-01-09$63.58$50.0061.5%16.9%53.1%32.5%60.8%1.9%-1.9%7.6M-917.2M-1.7M0.3260.79N/AN/A14,9074,725195,330179,144
2026-01-12$65.63$50.0062.5%17.1%51.2%34.1%60.3%0.1%-2.2%8.0M-965.0M-1.7M0.8746.88N/AN/A13,84811,993194,532169,152
2026-01-13$65.26$50.0061.0%16.8%49.0%31.7%58.7%-1.6%-1.8%8.1M-950.8M-1.7M0.2767.89N/AN/A17,5114,645196,834177,516
2026-01-14$65.28$50.0062.3%17.2%48.4%33.7%60.4%-12.6%-2.9%8.0M-944.4M-1.7M0.4573.44N/AN/A10,5314,705195,994179,608
2026-01-15$64.18$50.0058.6%16.4%49.9%28.0%58.2%-1.7%-1.4%8.5M-896.1M-1.7M0.8760.70N/AN/A8,0547,033197,987182,110
2026-01-16$60.09$50.0057.6%16.0%57.7%26.5%57.5%0.1%-2.8%3.8M-719.5M-1.7M0.6050.38N/AN/A19,65611,777197,937185,384
2026-01-20$62.17$55.0062.4%17.8%58.0%33.9%62.4%2.2%-0.6%3.7M-448.5M-1.8M0.7440.83N/AN/A8,7806,469132,756127,896
2026-01-21$63.95$55.0060.8%17.4%55.0%31.3%61.1%-1.9%-2.0%4.1M-501.9M-1.8M1.1948.02N/AN/A6,7117,999134,218131,242
2026-01-22$63.64$55.0055.5%16.0%54.3%23.4%57.7%1.7%-4.6%4.0M-486.2M-1.8M0.9343.64N/AN/A12,67511,737136,269136,955
2026-01-23$62.02$55.0053.9%15.3%55.6%20.9%53.4%-0.1%4.3%1.2M-424.2M-1.8M0.5854.87N/AN/A22,02212,730142,858144,475
2026-01-26$58.53$55.0055.5%15.4%60.2%23.3%55.5%-9.4%-2.7%2.9M-331.8M-1.8M0.6442.60N/AN/A13,3738,551141,257136,400
2026-01-27$59.56$55.0052.1%15.2%60.3%18.2%54.3%-2.8%0.7%2.4M-354.1M-1.8M0.2041.03N/AN/A21,1434,128143,158141,982
2026-01-28$59.79$55.0054.6%15.6%60.1%19.0%55.1%3.1%-1.1%3.7M-381.6M-1.9M0.4863.53N/AN/A9,7984,674157,408143,436
2026-01-29$60.84$55.0056.1%15.9%60.3%21.4%56.7%-1.2%-2.8%4.6M-419.4M-1.9M0.3731.89N/AN/A12,0234,414161,717145,293
2026-01-30$56.64$55.0058.1%16.6%65.6%24.5%60.0%-1.1%-1.0%1.8M-264.8M-1.9M0.2748.42N/AN/A45,00012,220161,616146,954