AEO Options History — October 2008

In October 2008, AEO traded between $9.40 and $15.49. ATM implied volatility averaged 101.7%, placing in the 78.9% IV rank vs the trailing year. The 30-day expected move averaged 26.8%. IV traded above realized volatility by 14.5% (HV 20d: 87.2%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 6 of 23 trading days. Term structure was in contango for 2 of 23 days. Put/call ratio averaged 1.26.

Notable Days

  • 2008-10-03: Highest Volume — 22,470 contracts
  • 2008-10-03: Largest IV spike — 31.7% change
  • 2008-10-02: Highest IV Rank — 100.0%
  • 2008-10-10: Largest Expected Move — 30.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.27$9.40$15.49$15.49$11.12
Max Pain$13.59$12.50$15.00$15.00$12.50
ATM IV101.7%65.2%130.9%65.2%100.1%
Expected Move26.8%18.7%30.3%18.7%28.7%
HV 20d87.2%68.6%100.4%68.6%93.3%
HV 60d68.3%59.6%75.7%59.9%73.8%
IV Rank78.9%54.9%100.0%86.7%69.1%
IV Percentile97.6%95.2%100.0%96.0%95.6%
Term Structure-4.7%-13.4%1.7%-1.7%-4.2%
VWIV87.5%70.9%101.1%72.4%90.9%
Skew 25d20.9%3.6%31.1%10.2%31.1%
Skew 10d39.8%9.6%70.1%31.1%62.9%
Call IV 25d81.2%61.5%95.7%61.5%71.6%
Put IV 25d102.1%71.8%115.4%71.8%102.7%
Bid-Ask Spread %17.899.4138.2915.2717.00
Gamma HHI0.270.230.310.260.28
Net GEX-49.9K-234.5K203.4K203.4K-32.4K
Net DEX17.5M-7.5M30.2M-7.5M15.6M
Net VEX-166.9K-246.6K-119.2K-245.6K-143.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.260.045.771.683.28
Total Volume6,546.26186222,4701,0571,109
Total OI136,329.435120,670150,534121,188131,091

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-10-01$15.49$15.0065.2%18.7%68.6%86.7%72.4%10.2%-1.7%203.4K-7.5M-245.6K1.6815.2739466365,13656,052
2008-10-02$14.86$15.0070.9%20.3%69.3%100.0%70.9%3.6%-4.0%88.1K-1.9M-238.9K0.0420.454,48418065,23555,435
2008-10-03$13.63$15.0093.4%26.8%74.8%100.0%84.1%15.3%-10.0%-49.2K8.2M-230.5K0.6022.4114,0668,40468,35755,362
2008-10-06$13.33$15.00117.6%27.2%73.2%100.0%90.2%21.8%-6.4%72.6K6.3M-246.6K0.2614.8913,2773,40376,47960,500
2008-10-07$12.51$15.00105.5%27.3%75.2%86.0%96.3%15.3%-9.0%46.9K8.7M-239.2K0.8525.172,6192,23985,29262,217
2008-10-08$11.27$15.00113.3%27.7%79.1%95.1%96.2%16.5%-6.8%-75.6K19.0M-210.0K1.4720.007,95711,68087,20463,034
2008-10-09$10.63$15.00130.9%30.0%80.1%100.0%92.6%16.7%-13.4%-117.2K24.2M-183.3K5.7738.291,83710,60587,76662,768
2008-10-10$10.47$15.00130.6%30.3%79.7%99.7%93.2%28.8%-9.8%-111.7K24.5M-170.8K2.8629.723,68710,53988,33260,367
2008-10-13$11.15$15.00119.5%25.9%85.1%88.6%77.8%21.3%-1.6%-166.8K23.9M-158.9K0.4524.983,8781,72988,99558,216
2008-10-14$10.62$15.00116.2%24.3%83.3%85.2%71.2%21.7%-1.6%-234.5K28.5M-140.4K0.1213.178,9541,07986,43758,620
2008-10-15$9.40$12.50119.3%26.4%89.5%88.4%82.5%24.2%-3.2%-173.5K30.2M-119.2K0.0918.475,26047790,02856,943
2008-10-16$10.05$12.5099.5%28.5%93.3%68.5%101.1%26.6%-6.3%-75.6K24.3M-140.5K3.3613.911,8066,06092,68556,222
2008-10-17$10.04$12.5099.1%28.4%92.4%68.1%93.1%21.3%-8.6%25.5K24.1M-133.9K1.8719.751,1772,20293,13354,975
2008-10-20$10.50$12.5088.6%25.4%94.9%57.7%80.4%23.4%-1.6%-160.2K23.6M-132.7K0.1510.813,97261473,63950,403
2008-10-21$11.06$12.5085.9%24.6%98.2%54.9%73.3%18.5%-0.6%-86.2K17.8M-148.7K0.1914.236,3771,21076,95749,432
2008-10-22$10.26$12.5092.3%26.5%100.4%61.3%85.2%24.1%1.0%-52.3K20.7M-136.8K0.8814.5745840481,52049,769
2008-10-23$10.08$12.5092.8%26.6%97.7%61.8%91.6%21.6%1.7%-65.4K21.9M-128.4K2.1113.2630464181,21149,767
2008-10-24$9.90$12.5096.2%27.6%96.7%65.2%94.4%23.5%-2.8%-50.3K21.1M-129.9K1.049.411,1091,14981,41050,099
2008-10-27$9.75$12.50101.1%29.0%91.3%70.1%99.8%18.1%-4.7%-62.4K21.7M-124.3K0.4110.7989637181,29049,865
2008-10-28$10.79$12.5099.3%28.5%96.1%68.3%91.6%30.9%-3.1%-44.1K18.2M-141.5K0.5311.7759331381,63949,729
2008-10-29$11.17$12.50101.9%29.2%97.2%70.9%94.5%20.9%-6.2%3.5K13.4M-151.3K0.3419.221,04935381,20249,754
2008-10-30$11.02$12.50100.9%28.9%96.8%69.9%89.5%24.3%-5.1%-30.2K15.7M-144.3K0.6214.0360837881,24749,763
2008-10-31$11.12$12.50100.1%28.7%93.3%69.1%90.9%31.1%-4.2%-32.4K15.6M-143.4K3.2817.0025985081,26149,830