AEO Options History — April 2017

In April 2017, AEO traded between $13.09 and $14.23. ATM implied volatility averaged 39.1%, placing in the 43.4% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded above realized volatility by 11.2% (HV 20d: 27.9%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.88.

Notable Days

2017-04-21: Highest Volume — 10,039 contracts
2017-04-17: Largest IV spike — 17.4% change
2017-04-21: Highest IV Rank — 72.2%
2017-04-21: Largest Expected Move — 14.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.64	$13.09	$14.23	$13.80	$14.07
Max Pain	$15.00	$15.00	$15.00	$15.00	$15.00
ATM IV	39.1%	31.0%	47.5%	31.0%	44.7%
Expected Move	11.9%	8.5%	14.1%	8.5%	13.8%
HV 20d	27.9%	19.5%	32.2%	19.5%	31.8%
HV 60d	36.3%	35.8%	37.0%	36.6%	36.4%
IV Rank	43.4%	15.7%	72.2%	15.7%	62.7%
IV Percentile	68.6%	31.3%	98.8%	31.3%	92.1%
Term Structure	0.1%	-5.8%	7.1%	2.6%	-5.8%
VWIV	40.8%	32.5%	49.6%	32.6%	49.6%
Skew 25d	3.7%	0.2%	7.9%	2.3%	3.1%
Skew 10d	7.9%	-6.2%	20.5%	-2.7%	20.0%
Call IV 25d	37.5%	30.2%	44.3%	30.5%	42.9%
Put IV 25d	41.2%	32.7%	51.0%	32.7%	46.0%
Bid-Ask Spread %	30.71	16.94	46.54	45.74	44.80
Gamma HHI	0.38	0.16	0.53	0.21	0.16
Net GEX	344.0K	-148.8K	1.1M	-148.8K	137.4K
Net DEX	4.2M	-5.8M	12.7M	9.8M	-2.2M
Net VEX	-98.3K	-105.1K	-85.2K	-92.7K	-105.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.88	0.21	2.83	0.35	0.90
Total Volume	4,897.474	2,732	10,039	3,119	7,643
Total OI	44,209.421	35,887	50,618	35,887	50,618

Daily Data (19 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
2017-04-03	$13.80	$15.00	31.0%	8.5%	19.5%	15.7%	32.6%	2.3%	2.6%	-148.8K	9.8M	-92.7K	0.35	45.74	2,316	803	15,718	20,169
2017-04-04	$13.19	$15.00	32.1%	9.5%	24.6%	19.6%	36.1%	3.7%	1.4%	-118.6K	12.7M	-85.2K	0.32	28.64	5,104	1,624	16,341	20,353
2017-04-05	$13.09	$15.00	31.7%	9.1%	24.3%	18.2%	32.5%	4.4%	0.7%	-34.9K	11.7M	-89.9K	0.80	46.44	1,812	1,452	19,205	20,938
2017-04-06	$13.29	$15.00	31.4%	11.6%	25.3%	17.2%	38.8%	4.2%	2.0%	-29.8K	9.4M	-95.5K	0.37	35.86	3,754	1,402	19,305	20,515
2017-04-07	$13.57	$15.00	32.6%	10.1%	26.8%	21.3%	34.8%	4.3%	-0.4%	121.8K	7.1M	-100.2K	0.28	26.43	4,999	1,403	21,249	20,596
2017-04-10	$13.57	$15.00	32.9%	10.7%	26.8%	22.1%	32.8%	0.2%	4.5%	322.8K	4.2M	-103.3K	0.75	20.36	1,589	1,192	23,472	20,081
2017-04-11	$13.76	$15.00	33.4%	11.5%	27.3%	24.0%	33.9%	4.8%	7.1%	326.3K	3.1M	-104.0K	0.71	20.77	1,593	1,139	23,631	20,079
2017-04-12	$13.61	$15.00	34.2%	10.8%	27.5%	26.7%	37.4%	3.5%	2.4%	364.1K	3.7M	-102.7K	0.58	18.28	1,937	1,122	23,827	20,128
2017-04-13	$13.35	$15.00	35.8%	11.8%	28.1%	32.0%	38.5%	1.2%	6.4%	352.2K	6.6M	-97.3K	0.51	38.37	2,741	1,410	24,274	20,205
2017-04-17	$13.29	$15.00	42.0%	12.6%	27.6%	53.4%	40.8%	3.6%	-0.4%	343.9K	7.1M	-93.5K	0.52	16.94	2,542	1,326	23,817	20,032
2017-04-18	$13.18	$15.00	45.3%	13.3%	27.2%	64.4%	44.7%	5.4%	-2.8%	353.1K	8.9M	-90.8K	1.56	21.80	1,641	2,555	24,174	20,255
2017-04-19	$13.20	$15.00	45.6%	13.1%	25.9%	65.5%	45.1%	5.5%	-0.8%	317.3K	8.5M	-92.6K	1.43	23.57	1,335	1,911	24,292	20,536
2017-04-20	$13.77	$15.00	43.6%	12.5%	29.9%	58.9%	46.4%	3.4%	0.9%	549.8K	3.0M	-99.2K	1.50	24.55	1,596	2,393	24,390	20,824
2017-04-21	$14.06	$15.00	47.5%	14.1%	30.8%	72.2%	47.9%	7.9%	-5.6%	358.8K	-1.2M	-102.2K	0.23	33.64	8,171	1,868	24,687	21,927
2017-04-24	$14.23	$15.00	44.9%	13.2%	31.1%	63.1%	45.0%	4.3%	-2.5%	1.1M	-5.8M	-103.8K	0.21	23.74	7,219	1,536	28,233	20,506
2017-04-25	$13.98	$15.00	44.0%	13.3%	31.7%	60.3%	44.9%	4.2%	-1.4%	769.6K	-1.8M	-101.5K	0.40	46.54	3,355	1,336	26,918	20,850
2017-04-26	$14.21	$15.00	44.5%	13.5%	32.2%	61.9%	44.7%	3.3%	-1.8%	754.0K	-4.5M	-103.7K	2.45	29.41	1,281	3,138	26,865	21,083
2017-04-27	$13.96	$15.00	45.4%	13.6%	31.6%	65.1%	47.8%	1.5%	-3.7%	741.0K	-964.4K	-104.3K	2.83	37.58	1,256	3,558	26,988	22,898
2017-04-28	$14.07	$15.00	44.7%	13.8%	31.8%	62.7%	49.6%	3.1%	-5.8%	137.4K	-2.2M	-105.1K	0.90	44.80	4,024	3,619	26,990	23,628