AAL Options History — July 2022

In July 2022, AAL traded between $13.12 and $15.28. ATM implied volatility averaged 66.5%, placing in the 58.2% IV rank vs the trailing year. The 30-day expected move averaged 18.9%. IV traded below realized volatility by 0.1% (HV 20d: 66.6%). Max pain ranged from $14.00 to $16.00. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.72.

Notable Days

  • 2022-07-12: Highest Volume — 333,349 contracts
  • 2022-07-29: Largest IV drop — 7.8% change
  • 2022-07-01: Highest IV Rank — 75.4%
  • 2022-07-11: Largest Expected Move — 20.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.07$13.12$15.28$13.12$13.78
Max Pain$15.57$14.00$16.00$14.00$15.00
ATM IV66.5%53.5%74.8%74.8%53.5%
Expected Move18.9%15.3%20.9%20.9%15.3%
HV 20d66.6%55.5%79.6%74.7%59.7%
HV 60d70.0%68.9%71.2%69.5%70.2%
IV Rank58.2%31.1%75.4%75.4%31.1%
IV Percentile83.7%49.2%95.6%95.6%49.2%
Term Structure-0.3%-2.0%2.3%-0.9%0.4%
VWIV67.5%57.0%77.0%74.1%57.0%
Skew 25d9.0%7.1%10.3%9.5%7.2%
Skew 10d18.6%14.0%22.5%22.5%15.4%
Call IV 25d63.7%52.0%72.0%72.0%52.0%
Put IV 25d72.7%59.2%81.7%81.5%59.2%
Bid-Ask Spread %2.201.842.952.541.84
Gamma HHI0.100.080.200.120.11
Net GEX-6.9M-11.6M662.4K-8.5M-6.6M
Net DEX443.9M236.0M591.1M591.1M539.0M
Net VEX-7.5M-7.9M-7.1M-7.5M-7.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.371.090.370.58
Total Volume156,149.5586,415333,349186,840141,100
Total OI3,063,675.752,921,4633,174,8763,000,8423,174,876

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-07-01$13.12$14.0074.8%20.9%74.7%75.4%74.1%9.5%-0.9%-8.5M591.1M-7.5M0.372.54136,55350,287808,1362,192,706
2022-07-05$13.86$16.0073.9%20.8%75.0%73.6%77.0%10.3%-0.7%-6.8M447.1M-7.8M0.552.4496,22053,224832,6022,166,024
2022-07-06$13.89$16.0073.7%20.7%74.9%73.2%73.9%9.3%-1.5%-5.8M423.4M-7.8M0.752.1351,80238,978855,6652,182,674
2022-07-07$14.05$16.0071.1%20.1%74.2%67.7%70.0%9.5%-0.9%-4.2M405.5M-7.8M0.771.8573,88656,764867,7542,188,009
2022-07-08$13.98$16.0067.8%19.5%73.7%60.9%66.9%9.3%-1.0%662.4K409.3M-7.6M0.412.1885,68634,870878,3382,189,876
2022-07-11$13.45$16.0071.1%20.9%73.5%67.8%69.5%9.9%2.3%-8.6M533.1M-7.4M0.901.8545,60140,814842,1962,174,644
2022-07-12$14.72$16.0073.4%20.5%79.6%72.5%72.9%9.5%-2.0%-5.4M319.3M-7.9M0.622.83205,336128,013851,7092,192,727
2022-07-13$14.35$16.0070.9%20.4%68.9%67.3%71.0%8.8%0.2%-7.2M403.9M-7.8M0.691.9989,80762,348868,5552,237,613
2022-07-14$14.26$16.0071.9%20.6%68.2%69.4%70.4%8.2%-0.3%-6.8M409.1M-7.8M0.792.0872,35057,434890,4682,240,566
2022-07-15$14.49$16.0069.1%19.8%67.6%63.6%69.0%8.5%0.1%-11.6M379.3M-7.7M0.491.88115,94057,099898,8282,251,062
2022-07-18$14.54$16.0068.5%19.5%57.2%62.3%69.8%9.4%-0.8%-6.4M350.7M-7.5M0.522.95103,62253,977795,6172,125,846
2022-07-19$15.14$15.5064.4%18.4%55.5%53.8%70.5%9.6%-0.4%-3.5M253.9M-7.7M0.762.19111,38684,679836,8482,129,714
2022-07-20$15.28$16.0063.5%18.2%55.5%51.9%67.0%7.1%-0.7%-4.1M236.0M-7.7M1.092.2592,235100,644841,4482,167,085
2022-07-21$14.03$16.0061.7%17.7%64.6%48.2%65.4%9.9%-0.0%-9.2M488.9M-7.4M1.002.45147,089147,620869,2262,221,329
2022-07-22$13.69$15.0060.5%17.3%65.2%45.6%61.3%8.2%0.8%-9.7M530.0M-7.3M0.941.9280,70176,210908,8072,237,706
2022-07-25$13.71$15.0061.9%17.6%60.5%48.5%62.5%9.5%-0.7%-9.4M535.3M-7.3M0.722.2361,19943,976825,6042,214,104
2022-07-26$13.43$15.0061.7%17.7%60.6%48.1%65.1%8.0%-0.3%-9.9M584.2M-7.3M0.971.9744,69343,348849,0902,230,119
2022-07-27$14.00$15.0058.8%16.7%62.4%42.0%57.5%8.8%-0.3%-7.2M488.5M-7.3M0.571.9172,76841,190866,3912,236,678
2022-07-28$13.72$15.0058.1%16.3%61.0%40.6%58.2%8.6%-0.2%-8.3M549.9M-7.1M0.862.5666,42557,117879,0182,253,857
2022-07-29$13.78$15.0053.5%15.3%59.7%31.1%57.0%7.2%0.4%-6.6M539.0M-7.1M0.581.8489,30251,798893,3542,281,522