AEO Options History — April 2013

In April 2013, AEO traded between $18.42 and $19.91. ATM implied volatility averaged 30.5%, placing in the 31.5% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 1.0% (HV 20d: 29.5%). Max pain ranged from $20.00 to $21.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 1.48.

Notable Days

  • 2013-04-30: Highest Volume — 11,485 contracts
  • 2013-04-15: Largest IV spike — 8.9% change
  • 2013-04-18: Highest IV Rank — 40.8%
  • 2013-04-18: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.00$18.42$19.91$18.46$19.45
Max Pain$20.09$20.00$21.00$21.00$20.00
ATM IV30.5%28.3%33.2%31.3%32.0%
Expected Move8.8%8.1%9.5%9.0%9.2%
HV 20d29.5%24.1%49.9%49.9%26.4%
HV 60d35.9%34.8%37.9%37.8%35.4%
IV Rank31.5%24.3%40.8%34.2%36.7%
IV Percentile27.7%9.5%52.8%32.1%42.5%
Term Structure3.7%0.5%6.8%0.5%4.6%
VWIV30.6%28.4%33.1%30.1%31.9%
Skew 25d3.0%0.4%4.7%1.5%4.3%
Skew 10d7.9%0.9%20.5%2.0%14.7%
Call IV 25d29.4%27.6%31.8%29.5%29.7%
Put IV 25d32.4%29.5%35.3%31.0%33.9%
Bid-Ask Spread %17.956.4024.5620.5917.95
Gamma HHI0.140.130.160.130.16
Net GEX393.4K133.5K674.6K133.5K622.8K
Net DEX2.7M-11.0M9.9M9.9M-603.0K
Net VEX-235.9K-259.8K-214.2K-214.2K-256.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.480.045.380.544.49
Total Volume1,970.72731911,4851,00311,485
Total OI69,670.72765,63776,23665,63773,808

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-04-01$18.46$21.0031.3%9.0%49.9%34.2%30.1%1.5%0.5%133.5K9.9M-214.2K0.5420.5965335040,72524,912
2013-04-02$18.84$21.0028.8%8.3%47.7%26.0%28.6%0.4%1.7%209.4K6.1M-226.4K0.5321.021,21564140,81524,893
2013-04-03$18.60$20.0028.6%8.2%44.4%25.2%29.1%2.6%1.9%202.9K8.1M-219.1K0.9724.5644643441,36625,086
2013-04-04$18.98$20.0028.3%8.1%27.1%24.3%28.4%1.4%2.2%295.3K3.6M-232.0K0.4621.4721910041,59825,020
2013-04-05$19.14$20.0028.9%8.8%27.2%26.3%30.3%2.9%3.3%326.5K2.2M-232.4K0.2721.6460616241,64825,092
2013-04-08$19.37$20.0030.7%8.9%24.5%32.2%30.2%2.6%2.7%394.6K-552.0K-235.1K1.4316.9323934142,02125,072
2013-04-09$19.09$20.0029.2%8.8%24.1%27.4%30.5%3.3%3.3%328.3K2.7M-227.0K0.2722.502586941,99225,156
2013-04-10$19.47$20.0030.8%9.0%25.5%32.8%29.5%4.1%2.8%420.8K-2.4M-238.1K0.1210.673,99749542,12625,206
2013-04-11$19.91$20.0030.0%8.6%26.2%30.1%30.0%3.0%3.3%674.6K-11.0M-259.8K0.906.401,2111,08845,01325,418
2013-04-12$19.39$20.0030.5%8.7%27.5%31.5%30.1%2.4%3.2%500.6K-3.1M-247.2K0.2218.484209445,25525,719
2013-04-15$19.16$20.0033.2%9.5%27.0%40.6%33.0%1.8%1.8%422.4K-118.6K-240.6K1.1218.7020122545,37825,739
2013-04-16$19.42$20.0031.6%9.0%27.5%35.2%32.0%3.1%2.9%503.2K-3.0M-241.8K1.1219.8117119245,36925,831
2013-04-17$18.86$20.0032.3%9.3%26.8%37.6%33.1%4.7%2.5%363.3K4.4M-229.4K1.5918.4934354745,51625,746
2013-04-18$18.42$20.0033.2%9.5%27.9%40.8%32.3%3.1%2.0%295.0K9.8M-214.6K0.047.945,32420345,41125,836
2013-04-19$18.62$20.0030.5%8.7%27.4%31.6%30.3%4.3%3.9%497.3K5.4M-242.0K3.8216.213411,30150,52925,707
2013-04-22$18.69$20.0030.6%8.8%26.8%31.9%29.5%2.3%6.0%448.8K1.1M-230.9K5.3820.475412,91043,83022,359
2013-04-23$18.51$20.0029.6%8.5%26.9%28.8%32.3%3.5%6.8%311.9K7.2M-228.3K4.4622.233141,40244,14524,906
2013-04-24$18.61$20.0030.9%8.8%26.6%32.9%30.5%3.7%5.5%317.9K7.1M-234.6K1.8619.5335566144,37226,112
2013-04-25$18.97$20.0029.6%8.5%27.4%28.5%30.1%4.0%6.5%450.5K3.8M-245.8K1.7116.367951,36344,64526,766
2013-04-26$18.96$20.0029.5%8.5%27.1%28.4%31.0%3.3%6.3%431.4K5.5M-246.7K0.7215.2464846445,15227,798
2013-04-29$19.12$20.0030.1%8.6%26.7%30.5%29.9%4.7%6.7%502.8K4.1M-247.7K0.4717.7136316945,52628,142
2013-04-30$19.45$20.0032.0%9.2%26.4%36.7%31.9%4.3%4.6%622.8K-603.0K-256.2K4.4917.952,0919,39445,51228,296