AAL Options History — October 2024

In October 2024, AAL traded between $10.79 and $13.91. ATM implied volatility averaged 51.5%, placing in the 80.1% IV rank vs the trailing year. The 30-day expected move averaged 14.8%. IV traded above realized volatility by 8.1% (HV 20d: 43.4%). Max pain ranged from $11.00 to $12.00. Net GEX was positive for 7 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 1.23.

Notable Days

  • 2024-10-16: Highest Volume — 321,868 contracts
  • 2024-10-24: Largest IV drop — 12.5% change
  • 2024-10-02: Highest IV Rank — 100.0%
  • 2024-10-04: Largest Expected Move — 16.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.38$10.79$13.91$10.93$13.41
Max Pain$11.91$11.00$12.00$11.00$12.00
ATM IV51.5%43.7%56.5%53.0%44.7%
Expected Move14.8%12.9%16.4%15.1%13.4%
HV 20d43.4%35.3%48.2%41.8%39.3%
HV 60d39.9%36.1%42.1%40.9%37.1%
IV Rank80.1%46.7%100.0%93.5%50.8%
IV Percentile91.9%69.4%100.0%99.6%74.6%
Term Structure-0.8%-2.3%1.7%0.9%-0.5%
VWIV52.4%46.0%57.7%53.9%47.5%
Skew 25d2.5%-0.3%4.8%3.4%1.3%
Skew 10d5.2%2.3%8.6%7.7%7.0%
Call IV 25d51.0%43.6%55.9%52.0%44.7%
Put IV 25d53.4%45.5%59.0%55.4%46.0%
Bid-Ask Spread %16.145.7239.8039.8013.37
Gamma HHI0.170.110.260.250.13
Net GEX-3.6M-12.8M4.1M-12.1M1.1M
Net DEX18.9M-320.4M407.4M363.2M-185.0M
Net VEX-5.9M-6.3M-5.6M-6.2M-5.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.230.195.541.150.90
Total Volume132,780.04349,437321,86878,65949,437
Total OI3,529,279.133,380,9433,677,5223,381,1383,580,763

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-10-01$10.93$11.0053.0%15.1%41.8%93.5%53.9%3.4%0.9%-12.1M363.2M-6.2M1.1539.8036,60642,053834,4972,546,641
2024-10-02$10.79$11.0054.7%15.5%42.1%100.0%55.4%3.0%-0.5%-12.8M407.4M-6.2M1.3928.1027,33837,948848,8912,560,866
2024-10-03$10.80$12.0055.7%15.8%41.9%100.0%54.5%4.8%-0.0%-12.5M395.1M-6.2M1.3110.3248,28863,122857,2732,547,057
2024-10-04$11.46$12.0056.3%16.4%46.9%100.0%56.2%3.1%-1.0%-3.3M211.0M-6.3M0.509.4494,52946,876882,8392,561,158
2024-10-07$11.52$12.0056.5%15.7%45.1%100.0%55.9%4.7%-0.9%-8.5M220.6M-6.2M2.2117.4132,28571,336855,8972,525,046
2024-10-08$11.89$12.0054.6%15.8%45.4%92.1%54.4%2.3%0.7%-6.5M106.1M-6.1M0.6522.6965,00542,074864,1042,573,599
2024-10-09$11.89$12.0055.9%15.9%44.3%97.7%54.6%1.6%-0.5%-6.5M120.1M-6.2M1.2015.95102,622122,836889,5592,593,885
2024-10-10$11.71$12.0053.7%15.1%44.5%88.6%53.0%1.6%-1.3%-9.0M205.7M-6.1M0.8823.0630,38026,700925,7322,693,717
2024-10-11$11.77$12.0052.2%15.0%43.2%82.3%54.8%3.9%0.2%-8.7M165.3M-5.8M1.0422.8132,68534,001931,4682,647,616
2024-10-14$11.82$12.0050.7%14.4%43.1%75.8%50.9%1.8%-1.1%-7.6M145.3M-5.7M2.7323.1227,53475,271871,9912,568,026
2024-10-15$12.04$12.0053.5%15.4%42.6%87.7%53.7%3.0%-2.2%-6.9M108.7M-5.9M1.2416.7849,13660,894880,1322,593,298
2024-10-16$12.86$12.0053.3%15.3%47.7%86.8%54.1%2.9%-2.3%-3.1M-135.7M-5.6M0.4816.56216,848105,020887,2792,623,127
2024-10-17$12.82$12.0052.3%15.0%47.8%82.5%53.6%2.9%-0.7%-2.4M-125.3M-5.8M1.549.66103,549159,504934,1262,648,340
2024-10-18$13.05$12.0052.1%14.8%47.8%81.6%54.1%-0.3%1.7%2.5M-198.4M-5.8M0.195.72159,13729,780966,8792,710,643
2024-10-21$13.02$12.0054.1%15.5%47.7%90.3%54.8%2.4%-2.2%-439.0K-113.5M-6.0M0.6912.2979,02354,337951,8912,579,611
2024-10-22$12.91$12.0052.5%15.5%48.0%83.6%54.5%2.1%-2.1%-219.5K-81.7M-6.2M0.9912.7330,64830,413992,6992,618,474
2024-10-23$12.82$12.0053.4%16.0%48.2%87.0%57.7%1.7%-1.8%-1.3M-64.8M-6.1M1.118.1053,15959,0181,002,1792,631,308
2024-10-24$12.75$12.0046.7%13.3%40.3%59.1%46.3%1.6%-1.7%2.3M-51.1M-5.8M0.869.60101,56487,6341,024,2082,647,665
2024-10-25$13.11$12.0046.4%13.5%39.8%57.8%47.3%2.6%-1.4%3.5M-201.0M-5.7M0.6313.6088,84956,0971,027,3232,646,964
2024-10-28$13.66$12.0044.6%13.0%38.7%50.4%46.0%1.9%-0.2%1.8M-255.4M-5.6M0.3013.04132,36539,383927,0922,602,123
2024-10-29$13.84$12.0044.0%13.1%36.4%48.0%46.8%2.8%0.6%3.2M-280.5M-5.7M0.7813.7935,81028,084938,4222,615,543
2024-10-30$13.91$12.0043.7%12.9%35.3%46.7%46.3%1.7%-1.0%4.1M-320.4M-5.7M5.5413.1928,253156,510952,4972,610,972
2024-10-31$13.41$12.0044.7%13.4%39.3%50.8%47.5%1.3%-0.5%1.1M-185.0M-5.8M0.9013.3726,01523,422952,9232,627,840