AAL Options History — August 2024

In August 2024, AAL traded between $9.27 and $10.61. ATM implied volatility averaged 42.7%, placing in the 55.7% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded below realized volatility by 2.7% (HV 20d: 45.4%). Max pain ranged from $11.00 to $12.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 1.50.

Notable Days

  • 2024-08-02: Highest Volume — 437,122 contracts
  • 2024-08-06: Largest IV drop — 13.3% change
  • 2024-08-05: Highest IV Rank — 100.0%
  • 2024-08-05: Largest Expected Move — 15.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.99$9.27$10.61$10.13$10.61
Max Pain$11.91$11.00$12.00$11.00$12.00
ATM IV42.7%38.8%54.4%43.5%39.1%
Expected Move12.5%11.3%15.8%13.2%11.3%
HV 20d45.4%33.3%51.1%44.1%33.3%
HV 60d42.1%34.6%45.8%42.9%35.1%
IV Rank55.7%39.3%100.0%68.5%40.6%
IV Percentile69.8%48.8%100.0%80.2%48.8%
Term Structure-0.1%-4.1%2.0%-1.8%0.5%
VWIV44.0%36.4%54.3%46.4%41.1%
Skew 25d4.3%2.2%6.5%3.0%2.2%
Skew 10d8.7%2.3%12.5%2.3%4.2%
Call IV 25d40.8%36.5%51.8%42.6%38.3%
Put IV 25d45.0%40.0%57.7%45.6%40.5%
Bid-Ask Spread %24.301.7845.4317.4714.84
Gamma HHI0.200.160.230.230.21
Net GEX-16.7M-20.6M-12.1M-20.6M-16.4M
Net DEX680.1M474.2M918.8M758.8M474.2M
Net VEX-6.8M-7.2M-6.5M-6.7M-6.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.500.236.691.271.22
Total Volume108,578.63627,476437,122124,126114,484
Total OI3,845,154.6823,646,5043,962,8253,786,2733,938,296

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-08-01$10.13$11.0043.5%13.2%44.1%68.5%46.4%3.0%-1.8%-20.6M758.8M-6.7M1.2717.4754,76369,363957,5622,828,711
2024-08-02$9.66$11.0048.8%15.0%46.6%93.1%52.2%4.7%-1.7%-18.3M871.3M-6.8M4.457.5680,250356,872983,9462,837,976
2024-08-05$9.27$12.0054.4%15.8%48.2%100.0%53.6%5.9%0.9%-17.3M909.1M-6.6M1.5038.2356,71284,872973,9692,861,303
2024-08-06$9.32$12.0047.2%14.4%48.1%71.9%54.3%4.7%1.4%-18.2M918.8M-6.5M0.8445.4346,19138,692987,0952,864,974
2024-08-07$9.32$12.0047.7%14.5%47.5%74.2%50.3%5.6%1.4%-17.9M880.3M-6.6M0.9537.2254,97252,1331,006,3942,809,113
2024-08-08$9.84$12.0043.8%13.1%50.6%58.9%49.4%6.5%0.3%-17.2M739.7M-6.9M2.0641.5338,79179,7971,043,7932,823,536
2024-08-09$9.84$12.0041.7%12.2%50.6%50.8%45.0%4.3%2.0%-17.8M747.0M-6.9M0.8234.9738,27531,5111,054,2092,829,291
2024-08-12$9.61$12.0044.1%12.6%51.1%59.9%44.5%5.0%0.3%-18.1M808.9M-6.7M2.7442.6826,40472,3381,028,6652,819,180
2024-08-13$9.77$12.0045.8%12.1%47.2%66.7%43.6%4.0%-0.3%-17.6M759.7M-6.6M0.2340.27118,16326,9051,036,6022,830,643
2024-08-14$9.79$12.0039.9%11.8%47.2%43.7%43.5%5.1%1.1%-16.5M750.9M-6.7M0.8438.3736,64630,8031,040,7062,830,558
2024-08-15$10.09$12.0038.8%11.3%47.2%39.3%36.4%4.1%0.6%-15.4M629.5M-6.6M0.6738.5673,34249,0631,060,1572,827,867
2024-08-16$10.07$12.0039.3%11.4%47.1%41.3%40.2%3.5%0.2%-12.1M621.0M-6.6M1.1133.9844,35649,2531,103,0362,820,956
2024-08-19$10.32$12.0039.0%11.4%48.0%40.3%38.1%4.6%-1.8%-14.3M528.6M-6.7M0.611.7849,52130,259927,1712,719,333
2024-08-20$10.34$12.0039.6%11.4%47.4%42.3%40.8%4.1%-0.8%-13.6M509.2M-6.5M1.4211.3728,64740,684949,6282,734,211
2024-08-21$10.41$12.0040.0%11.5%46.1%44.1%39.5%4.1%-0.4%-13.5M506.6M-6.8M6.6922.9427,189181,992952,9802,749,580
2024-08-22$10.18$12.0043.2%12.4%42.9%56.4%44.0%3.6%-0.5%-17.4M613.5M-7.2M1.619.3317,49728,184963,3322,999,493
2024-08-23$10.34$12.0039.6%11.5%43.2%42.7%40.6%3.8%-0.7%-16.8M557.3M-6.9M0.5311.4031,95017,085965,8032,928,764
2024-08-26$10.23$12.0041.7%12.0%43.0%50.6%41.2%3.9%-0.1%-17.7M603.6M-7.0M0.913.9922,30320,394935,5982,916,302
2024-08-27$10.18$12.0041.0%11.9%41.4%48.0%41.0%4.2%0.5%-17.6M616.1M-6.9M0.4811.1329,93614,383944,4202,926,667
2024-08-28$10.18$12.0042.2%12.4%41.4%52.6%43.7%4.2%0.1%-17.3M613.7M-6.8M0.5415.7017,8369,640956,5992,930,012
2024-08-29$10.39$12.0039.1%11.6%37.5%40.6%40.0%3.0%-4.1%-16.3M544.9M-6.9M1.4915.9038,70657,573964,3962,930,576
2024-08-30$10.61$12.0039.1%11.3%33.3%40.6%41.1%2.2%0.5%-16.4M474.2M-6.7M1.2214.8451,48662,998969,5932,968,703