AA Options History — March 2026

In March 2026, AA traded between $56.09 and $66.67. ATM implied volatility averaged 71.9%, placing in the 46.4% IV rank vs the trailing year. The 30-day expected move averaged 21.0%. IV traded above realized volatility by 15.5% (HV 20d: 56.4%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.47.

Notable Days

  • 2026-03-30: Highest Volume — 44,097 contracts
  • 2026-03-18: Largest IV spike — 5.0% change
  • 2026-03-30: Highest IV Rank — 53.9%
  • 2026-03-12: Largest Expected Move — 22.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$61.58$56.09$66.67$63.83$66.02
Max Pain$54.32$50.00$55.00$50.00$55.00
ATM IV71.9%67.6%76.6%68.5%74.0%
Expected Move21.0%19.7%22.5%20.2%21.2%
HV 20d56.4%44.7%67.8%54.0%67.8%
HV 60d56.8%53.4%60.9%55.0%60.6%
IV Rank46.4%39.7%53.9%41.1%49.8%
IV Percentile96.1%92.9%97.2%96.0%96.0%
Term Structure-1.2%-9.3%6.1%-2.3%-1.9%
VWIV73.9%69.1%83.1%69.1%79.5%
Skew 25d4.0%1.6%7.1%2.2%5.8%
Skew 10d4.2%-33.7%22.9%-12.7%9.4%
Call IV 25d70.4%66.7%75.1%66.7%70.5%
Put IV 25d74.4%68.8%79.3%68.8%76.3%
Bid-Ask Spread %35.0118.8867.2744.1919.98
Gamma HHI0.120.060.230.150.09
Net GEX7.3M-47.4K14.0M9.3M7.8M
Net DEX-419.7M-671.7M-166.8M-563.6M-454.4M
Net VEX-1.8M-2.0M-1.7M-2.0M-1.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.221.280.290.39
Total Volume20,712.2275,64844,09723,04625,969
Total OI307,048.045223,946358,583332,911253,996

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$63.83$50.0068.5%20.2%54.0%41.1%69.1%2.2%-2.3%9.3M-563.6M-2.0M0.2944.19N/AN/A17,8515,195184,469148,442
2026-03-03$63.84$50.0070.1%21.0%53.7%43.6%72.7%4.0%-2.5%9.3M-557.4M-2.0M0.2556.82N/AN/A21,0315,358187,128150,711
2026-03-04$61.84$50.0068.7%20.4%52.3%41.3%70.9%2.5%-1.3%9.3M-494.8M-2.0M0.4554.64N/AN/A16,4787,484197,464151,530
2026-03-05$59.89$55.0070.3%19.7%51.9%43.9%69.4%2.8%-2.6%6.9M-410.9M-2.0M0.2260.66N/AN/A24,6675,465202,740155,843
2026-03-06$59.13$55.0070.0%20.7%50.2%43.5%72.3%4.5%-4.5%4.6M-376.0M-2.0M0.4644.66N/AN/A11,2185,191193,913157,613
2026-03-09$61.39$55.0071.0%20.7%49.7%45.1%72.4%4.1%1.7%9.0M-480.0M-1.9M0.4457.84N/AN/A14,6066,454186,064148,514
2026-03-10$61.38$55.0067.6%20.4%44.7%39.7%71.0%3.0%3.8%9.2M-435.2M-1.9M0.6667.27N/AN/A4,7083,119180,250151,176
2026-03-11$65.96$55.0068.5%21.0%51.4%41.1%71.9%3.1%4.6%12.6M-628.7M-1.9M0.2642.45N/AN/A23,8216,104181,767152,254
2026-03-12$66.43$55.0070.4%22.5%51.3%44.1%74.7%4.2%6.1%13.3M-671.7M-1.9M0.6226.97N/AN/A8,9955,585186,416155,081
2026-03-13$63.31$55.0071.5%22.2%52.4%45.8%72.8%1.6%4.1%12.6M-512.5M-1.9M0.2629.53N/AN/A16,6334,373185,788158,131
2026-03-16$66.67$55.0072.8%20.9%54.7%47.8%73.7%2.3%-1.3%13.8M-641.5M-1.8M0.2718.88N/AN/A16,2374,393175,247149,786
2026-03-17$65.71$55.0070.0%20.1%53.3%43.5%71.2%2.8%-1.7%14.0M-596.4M-1.8M0.3724.74N/AN/A11,2464,111175,569151,267
2026-03-18$64.52$55.0073.5%20.9%52.4%49.0%74.6%3.9%-6.1%13.1M-533.5M-1.7M0.7225.24N/AN/A8,0935,806175,015153,681
2026-03-19$58.80$55.0073.6%21.0%62.5%49.1%74.5%5.8%-2.5%1.6M-291.0M-1.7M0.7936.38N/AN/A23,04218,118175,250157,063
2026-03-20$56.09$55.0074.5%21.4%64.5%50.5%75.0%5.9%-3.9%-47.4K-208.2M-1.7M0.4426.91N/AN/A20,6739,138182,082165,075
2026-03-23$56.48$55.0073.2%20.9%64.6%48.5%73.4%2.1%0.2%442.3K-166.8M-1.7M0.3623.46N/AN/A7,0022,515109,790114,156
2026-03-24$56.69$55.0073.4%21.2%63.4%48.9%75.0%7.1%-9.3%808.3K-172.2M-1.7M0.2621.73N/AN/A13,4253,528114,125115,714
2026-03-25$58.44$55.0073.7%21.2%60.5%49.3%73.3%6.3%-1.1%2.7M-235.7M-1.7M0.3021.17N/AN/A6,1111,849124,596117,900
2026-03-26$57.55$55.0073.7%21.0%60.2%49.2%76.0%4.9%-4.0%2.2M-217.6M-1.7M1.2819.41N/AN/A2,4813,167126,838118,770
2026-03-27$58.16$55.0076.1%21.8%59.9%53.1%80.0%4.7%-2.7%2.5M-235.5M-1.7M0.8725.57N/AN/A5,5284,804127,708118,803
2026-03-30$62.55$55.0076.6%21.6%65.0%53.9%83.1%3.6%0.4%5.0M-350.0M-1.8M0.2921.78N/AN/A34,0999,998122,869114,463
2026-03-31$66.02$55.0074.0%21.2%67.8%49.8%79.5%5.8%-1.9%7.8M-454.4M-1.8M0.3919.98N/AN/A18,6417,328134,257119,739