AEO Options History — February 2014

In February 2014, AEO traded between $13.03 and $14.85. ATM implied volatility averaged 45.2%, placing in the 54.4% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 5.3% (HV 20d: 39.9%). Max pain ranged from $12.00 to $12.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 1.17.

Notable Days

  • 2014-02-25: Highest Volume — 42,924 contracts
  • 2014-02-13: Largest IV spike — 43.1% change
  • 2014-02-28: Highest IV Rank — 70.3%
  • 2014-02-05: Largest Expected Move — 12.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.83$13.03$14.85$13.19$14.53
Max Pain$12.00$12.00$12.00$12.00$12.00
ATM IV45.2%33.1%52.4%45.6%52.4%
Expected Move11.6%11.4%12.1%11.9%11.4%
HV 20d39.9%27.8%47.8%45.5%29.3%
HV 60d37.8%36.9%40.1%40.1%39.0%
IV Rank54.4%27.6%70.3%55.3%70.3%
IV Percentile86.9%54.4%97.2%94.0%97.2%
Term Structure-3.6%-7.7%10.8%1.1%-7.1%
VWIV41.6%39.0%44.8%41.4%39.3%
Skew 25d-0.3%-2.6%1.2%0.1%-0.7%
Skew 10d-1.0%-13.2%5.3%-3.1%-0.5%
Call IV 25d48.7%40.4%53.5%45.2%53.5%
Put IV 25d48.5%39.2%53.5%45.3%52.8%
Bid-Ask Spread %19.1815.6828.4226.5517.67
Gamma HHI0.240.200.280.220.25
Net GEX1.9M1.2M3.3M1.6M3.3M
Net DEX-38.4M-80.8M-20.0M-25.5M-71.2M
Net VEX-303.8K-379.0K-270.1K-290.8K-372.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.170.0211.480.160.33
Total Volume7,551.8951,44642,9246,7432,909
Total OI164,314.211125,147176,864159,708174,377

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-02-03$13.19$12.0045.6%11.9%45.5%55.3%41.4%0.1%1.1%1.6M-25.5M-290.8K0.1626.555,836907125,36134,347
2014-02-04$13.03$12.0041.1%12.0%45.3%45.4%41.6%-1.2%5.8%1.4M-20.0M-274.5K0.0719.3610,519719125,39834,840
2014-02-05$13.24$12.0042.0%12.1%46.1%47.3%44.8%-2.1%6.0%1.5M-23.9M-285.3K0.1521.593,307480123,59835,323
2014-02-06$13.66$12.0036.8%11.5%47.8%35.9%42.6%-1.3%10.8%1.9M-34.1M-301.2K0.3521.133,4451,220125,07935,434
2014-02-07$13.85$12.0035.9%11.6%47.5%33.9%39.8%-1.7%-6.1%2.1M-39.7M-309.1K0.0619.837,068447125,29935,744
2014-02-10$13.68$12.0038.0%11.8%47.2%38.5%43.2%-2.6%-4.6%2.1M-38.1M-306.7K6.0028.426613,964130,59835,736
2014-02-11$13.71$12.0034.0%11.5%44.2%29.7%42.2%0.2%-5.5%1.9M-33.9M-304.8K0.0818.774,178326130,23039,311
2014-02-12$13.50$12.0033.1%12.0%44.4%27.6%0.0%1.2%-4.5%1.7M-27.1M-287.1K11.4817.454294,927130,99939,434
2014-02-13$13.60$12.0047.3%11.6%44.2%59.0%43.7%0.9%-4.5%1.4M-25.2M-292.2K0.5515.681,119618130,97343,478
2014-02-14$13.75$12.0046.8%11.4%42.9%57.9%42.6%0.2%-4.6%1.5M-29.9M-292.9K0.0517.785,952288130,93943,741
2014-02-18$13.71$12.0048.8%11.5%42.6%62.4%0.0%-0.1%-7.3%1.5M-27.3M-285.7K0.5915.801,341792132,04443,697
2014-02-19$13.95$12.0051.2%11.6%43.2%67.5%0.0%0.0%-7.1%1.7M-39.0M-295.6K0.8615.711,9821,711132,94943,915
2014-02-20$13.83$12.0050.5%11.5%42.6%66.1%41.3%1.1%-6.9%1.4M-25.7M-276.0K0.7416.36829617130,98043,698
2014-02-21$13.93$12.0051.4%11.5%30.5%68.1%0.0%-1.0%-7.7%1.2M-30.9M-281.3K0.3118.672,735851130,95543,760
2014-02-24$13.79$12.0049.1%11.6%28.1%63.1%0.0%0.5%-4.3%1.7M-35.6M-270.1K0.1017.939,262967102,20922,938
2014-02-25$14.15$12.0052.4%11.5%27.8%70.2%0.0%0.4%-7.7%1.9M-43.1M-289.4K0.0221.1741,977947105,32623,661
2014-02-26$14.81$12.0051.0%11.4%30.4%67.2%39.7%0.5%-7.6%3.2M-78.6M-379.0K0.3016.755,4051,628142,66024,228
2014-02-27$14.85$12.0051.3%11.4%29.2%67.8%39.0%0.6%-6.0%3.3M-80.8M-378.2K0.0717.7312,292831143,79124,920
2014-02-28$14.53$12.0052.4%11.4%29.3%70.3%39.3%-0.7%-7.1%3.3M-71.2M-372.4K0.3317.672,182727149,35125,026