AA Options History — February 2026

In February 2026, AA traded between $56.48 and $65.41. ATM implied volatility averaged 63.6%, placing in the 33.3% IV rank vs the trailing year. The 30-day expected move averaged 18.1%. IV traded above realized volatility by 4.3% (HV 20d: 59.3%). Max pain ranged from $47.00 to $55.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.67.

Notable Days

  • 2026-02-25: Highest Volume — 63,114 contracts
  • 2026-02-09: Largest IV spike — 7.6% change
  • 2026-02-25: Highest IV Rank — 40.5%
  • 2026-02-24: Largest Expected Move — 19.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$60.53$56.48$65.41$57.79$62.14
Max Pain$49.32$47.00$55.00$55.00$50.00
ATM IV63.6%59.5%68.2%59.5%65.7%
Expected Move18.1%17.1%19.5%17.1%18.6%
HV 20d59.3%55.1%62.5%62.5%59.9%
HV 60d55.4%54.1%57.3%54.5%54.9%
IV Rank33.3%26.7%40.5%26.7%36.6%
IV Percentile93.2%87.3%96.0%87.3%94.4%
Term Structure-0.8%-4.5%4.9%0.4%-2.5%
VWIV63.8%59.4%68.2%59.4%65.4%
Skew 25d0.7%-6.2%7.2%7.2%1.3%
Skew 10d-0.2%-14.7%18.7%-4.5%-6.8%
Call IV 25d63.9%48.4%75.4%48.4%66.2%
Put IV 25d64.7%55.6%71.3%55.6%67.5%
Bid-Ask Spread %44.7925.6262.8059.2725.62
Gamma HHI0.180.120.310.160.12
Net GEX7.7M2.6M14.2M4.9M11.4M
Net DEX-459.0M-623.7M-317.2M-361.9M-513.9M
Net VEX-2.0M-2.1M-1.8M-2.0M-2.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.141.770.320.40
Total Volume19,027.2118,79963,1149,97219,251
Total OI319,194.211296,631346,860306,321346,860

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$57.79$55.0059.5%17.1%62.5%26.7%59.4%7.2%0.4%4.9M-361.9M-2.0M0.3259.27N/AN/A7,5742,398169,132137,189
2026-02-03$60.83$55.0060.1%17.6%56.7%27.7%62.1%-4.5%-1.3%6.8M-471.8M-2.0M0.4728.61N/AN/A7,4753,517171,097138,715
2026-02-04$58.63$55.0061.6%17.9%56.6%30.1%66.6%2.4%0.6%5.7M-393.5M-2.0M0.6061.69N/AN/A8,0544,811171,963138,106
2026-02-05$56.48$47.0062.8%18.4%57.6%32.0%64.4%5.7%0.2%4.2M-317.2M-2.0M0.9451.53N/AN/A4,5264,273174,999140,481
2026-02-06$58.94$47.0062.2%17.5%59.6%31.1%62.5%-3.0%4.9%6.6M-418.3M-2.0M0.5956.57N/AN/A8,3834,919173,298138,111
2026-02-09$62.60$47.0066.9%17.8%61.6%38.5%62.4%3.5%-4.5%8.6M-541.5M-2.0M0.3258.37N/AN/A16,3825,243168,796134,176
2026-02-10$62.02$47.0064.4%17.9%60.5%34.6%62.4%1.6%-4.1%9.5M-535.5M-2.0M0.7642.63N/AN/A15,05811,377174,997137,223
2026-02-11$62.90$48.0064.4%17.3%60.7%34.6%61.0%-6.2%-2.6%10.4M-576.6M-2.0M0.1943.80N/AN/A12,4862,353179,047144,840
2026-02-12$60.49$48.0062.1%17.7%62.1%30.9%62.5%-1.3%1.0%7.0M-466.8M-2.0M0.9359.77N/AN/A9,4258,730178,417146,203
2026-02-13$59.53$48.0061.4%17.5%62.1%29.9%62.1%3.1%-0.9%2.6M-406.2M-1.9M1.1249.48N/AN/A9,06110,190178,305147,118
2026-02-17$57.56$48.0065.0%18.5%58.8%35.5%65.8%1.8%-2.9%4.3M-337.8M-1.8M1.7754.29N/AN/A9,82817,372173,524142,066
2026-02-18$59.97$48.0063.3%18.1%59.4%32.8%63.6%1.4%-2.0%7.5M-436.3M-1.9M0.5345.14N/AN/A10,8105,767178,368152,535
2026-02-19$59.42$48.0063.1%18.1%58.4%32.6%63.6%2.8%-0.7%6.5M-401.0M-1.9M1.1938.69N/AN/A5,6016,665177,868154,406
2026-02-20$60.05$49.0063.3%17.9%58.6%32.8%63.3%1.8%1.2%14.2M-448.5M-1.9M0.7862.80N/AN/A6,2354,845186,038157,333
2026-02-23$59.84$49.0063.9%18.6%58.0%33.8%65.3%-3.8%2.7%5.6M-402.0M-1.9M0.9829.59N/AN/A5,5645,431156,145140,486
2026-02-24$61.73$49.0064.5%19.5%55.1%34.6%65.5%4.9%-1.0%6.9M-472.5M-1.9M0.2928.11N/AN/A17,3975,012157,923143,424
2026-02-25$65.41$49.0068.2%19.2%58.3%40.5%68.2%0.4%-2.0%9.6M-623.7M-1.9M0.1425.64N/AN/A55,3157,799165,906145,850
2026-02-26$63.77$50.0065.8%19.1%59.3%36.9%66.5%-5.5%-1.2%12.9M-596.3M-2.1M0.4029.38N/AN/A15,9856,405194,014149,731
2026-02-27$62.14$50.0065.7%18.6%59.9%36.6%65.4%1.3%-2.5%11.4M-513.9M-2.0M0.4025.62N/AN/A13,7125,539193,881152,979