AEO Options History — October 2014

In October 2014, AEO traded between $12.86 and $14.58. ATM implied volatility averaged 41.8%, placing in the 38.8% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded above realized volatility by 5.9% (HV 20d: 35.8%). Max pain ranged from $12.00 to $13.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 0.89.

Notable Days

2014-10-28: Highest Volume — 33,762 contracts
2014-10-31: Largest IV spike — 38.5% change
2014-10-31: Highest IV Rank — 82.8%
2014-10-31: Largest Expected Move — 12.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.76	$12.86	$14.58	$14.17	$12.87
Max Pain	$12.30	$12.00	$13.00	$12.00	$13.00
ATM IV	41.8%	34.1%	62.6%	37.0%	62.6%
Expected Move	11.8%	10.9%	12.7%	11.1%	12.7%
HV 20d	35.8%	32.7%	38.8%	35.0%	37.1%
HV 60d	39.8%	38.0%	42.3%	38.4%	41.2%
IV Rank	38.8%	22.6%	82.8%	28.7%	82.8%
IV Percentile	69.3%	36.5%	98.8%	56.0%	98.8%
Term Structure	2.3%	-2.4%	7.1%	-2.4%	4.5%
VWIV	41.3%	35.7%	45.4%	36.1%	45.4%
Skew 25d	3.9%	0.2%	10.0%	2.6%	5.1%
Skew 10d	7.0%	-3.4%	16.4%	6.4%	5.8%
Call IV 25d	40.0%	34.0%	47.1%	36.5%	45.8%
Put IV 25d	43.9%	36.4%	51.2%	39.0%	50.9%
Bid-Ask Spread %	12.96	9.71	17.94	13.04	10.53
Gamma HHI	0.20	0.18	0.24	0.24	0.20
Net GEX	2.4M	1.2M	2.9M	2.1M	1.3M
Net DEX	-62.3M	-90.5M	-25.3M	-71.5M	-27.1M
Net VEX	-393.7K	-422.9K	-357.2K	-399.4K	-380.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.89	0.12	2.51	0.17	0.91
Total Volume	13,166.087	1,057	33,762	9,193	30,659
Total OI	197,146.261	171,516	233,238	171,516	233,238

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2014-10-01	$14.17	$12.00	37.0%	11.1%	35.0%	28.7%	36.1%	2.6%	-2.4%	2.1M	-71.5M	-399.4K	0.17	13.04	7,867	1,326	122,562	48,954
2014-10-02	$14.40	$12.00	34.1%	11.0%	34.9%	22.6%	39.0%	2.8%	2.2%	2.6M	-82.4M	-414.1K	0.24	12.14	3,652	862	129,126	49,853
2014-10-03	$14.47	$12.00	34.7%	10.9%	34.2%	23.9%	35.7%	2.4%	1.8%	2.7M	-86.9M	-412.0K	0.12	12.86	6,171	760	131,527	50,420
2014-10-06	$14.17	$12.00	36.9%	10.9%	34.4%	28.5%	37.2%	0.2%	-0.0%	2.7M	-77.0M	-412.0K	1.91	12.31	595	1,139	136,350	50,311
2014-10-07	$14.05	$12.00	36.7%	11.1%	34.4%	28.2%	36.6%	1.5%	1.3%	2.6M	-73.8M	-414.1K	0.94	13.30	1,180	1,105	136,383	50,753
2014-10-08	$14.58	$12.00	38.3%	11.0%	36.6%	31.4%	41.1%	2.3%	-0.9%	2.8M	-90.5M	-422.9K	0.45	11.66	10,716	4,771	136,467	51,159
2014-10-09	$14.21	$12.00	40.6%	11.4%	37.8%	36.3%	42.4%	2.0%	0.2%	2.9M	-81.4M	-420.7K	0.33	12.29	9,536	3,123	142,394	51,817
2014-10-10	$14.16	$12.00	39.8%	12.0%	37.5%	34.7%	42.4%	1.0%	2.5%	2.8M	-78.8M	-420.9K	0.60	14.98	6,159	3,693	142,596	51,946
2014-10-13	$13.92	$12.00	43.6%	12.1%	37.4%	42.8%	43.5%	4.6%	0.7%	2.7M	-72.0M	-412.3K	0.83	10.67	4,692	3,900	142,878	51,792
2014-10-14	$14.34	$12.00	44.6%	12.0%	34.7%	44.8%	43.2%	2.8%	-2.2%	2.9M	-85.4M	-418.2K	0.86	17.94	4,420	3,820	143,070	51,785
2014-10-15	$14.10	$13.00	46.1%	12.6%	35.1%	47.9%	43.3%	1.5%	-0.7%	2.8M	-76.8M	-402.6K	0.83	16.72	5,124	4,260	143,275	51,998
2014-10-16	$14.24	$12.00	44.9%	12.4%	33.6%	45.5%	43.2%	3.8%	-0.1%	2.9M	-81.7M	-406.2K	0.38	14.37	768	289	142,242	52,111
2014-10-17	$13.71	$12.00	41.9%	11.9%	36.1%	39.2%	42.5%	5.8%	1.5%	2.6M	-59.4M	-383.2K	1.41	15.04	989	1,399	142,616	52,215
2014-10-20	$13.55	$12.00	40.8%	11.9%	35.5%	36.8%	42.3%	7.2%	3.9%	2.4M	-55.3M	-367.0K	2.28	10.76	5,668	12,941	133,793	46,884
2014-10-21	$13.68	$12.00	41.3%	11.7%	32.8%	37.7%	42.3%	4.3%	3.2%	2.4M	-56.3M	-382.1K	0.62	9.93	6,401	3,976	135,373	55,607
2014-10-22	$13.47	$12.00	42.8%	11.9%	32.7%	41.0%	40.7%	4.0%	4.2%	2.2M	-49.4M	-371.4K	0.44	12.06	9,137	3,991	136,297	56,392
2014-10-23	$13.79	$12.00	40.6%	11.7%	33.0%	36.3%	42.2%	5.5%	5.1%	2.6M	-59.5M	-378.6K	0.21	15.36	23,430	4,862	136,953	56,949
2014-10-24	$12.92	$13.00	40.1%	12.1%	38.8%	35.3%	41.3%	4.5%	6.6%	2.0M	-34.2M	-357.2K	0.30	16.82	18,565	5,554	150,483	57,179
2014-10-27	$12.93	$13.00	40.6%	12.0%	38.5%	36.4%	42.8%	4.4%	6.7%	2.0M	-36.2M	-357.7K	0.68	10.05	7,577	5,123	150,680	57,445
2014-10-28	$13.05	$13.00	44.1%	12.2%	38.6%	43.7%	42.1%	10.0%	5.2%	2.3M	-41.2M	-364.6K	2.51	14.16	9,623	24,139	152,737	57,743
2014-10-29	$12.90	$13.00	43.3%	12.4%	38.0%	42.0%	43.3%	6.1%	7.1%	1.4M	-30.5M	-383.5K	2.10	11.32	7,077	14,830	154,124	73,289
2014-10-30	$12.86	$13.00	45.2%	12.4%	37.2%	46.0%	42.6%	6.6%	3.1%	1.2M	-25.3M	-373.7K	1.47	9.71	6,852	10,099	155,131	77,467
2014-10-31	$12.87	$13.00	62.6%	12.7%	37.1%	82.8%	45.4%	5.1%	4.5%	1.3M	-27.1M	-380.5K	0.91	10.53	16,093	14,566	155,910	77,328