AEO Options History — April 2018

In April 2018, AEO traded between $19.80 and $21.83. ATM implied volatility averaged 38.0%, placing in the 15.8% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 9.2% (HV 20d: 28.9%). Max pain ranged from $19.00 to $19.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 2.75.

Notable Days

  • 2018-04-11: Highest Volume — 10,036 contracts
  • 2018-04-19: Largest IV spike — 17.2% change
  • 2018-04-25: Highest IV Rank — 33.9%
  • 2018-04-02: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.13$19.80$21.83$19.80$20.73
Max Pain$19.00$19.00$19.00$19.00$19.00
ATM IV38.0%32.6%45.2%37.6%45.0%
Expected Move10.2%9.3%11.2%11.2%9.7%
HV 20d28.9%23.3%46.9%45.8%26.5%
HV 60d36.7%35.4%38.7%37.9%36.4%
IV Rank15.8%0.0%33.9%21.4%33.2%
IV Percentile31.7%0.4%69.4%39.3%69.0%
Term Structure2.3%-1.4%10.2%2.4%-1.4%
VWIV35.3%32.8%39.0%39.0%32.8%
Skew 25d3.6%0.4%5.3%4.2%5.1%
Skew 10d14.0%2.7%27.9%13.4%8.0%
Call IV 25d36.4%31.3%43.8%35.5%42.2%
Put IV 25d40.0%34.5%48.4%39.7%47.3%
Bid-Ask Spread %23.6412.3269.2817.5015.42
Gamma HHI0.350.290.440.380.42
Net GEX1.1M801.2K1.4M888.2K1.2M
Net DEX-43.9M-52.0M-31.3M-31.3M-35.7M
Net VEX-148.7K-165.6K-133.4K-165.6K-133.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.750.927.040.922.09
Total Volume5,563.3332,24310,0362,2433,861
Total OI64,034.09554,27669,66961,82254,276

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-04-02$19.80$19.0037.6%11.2%45.8%21.4%39.0%4.2%2.4%888.2K-31.3M-165.6K0.9217.501,1691,07437,65424,168
2018-04-03$20.35$19.0035.0%10.0%46.4%13.2%35.9%3.6%0.2%1.2M-39.1M-161.5K3.0918.251,8005,56437,76724,234
2018-04-04$20.99$19.0034.8%10.2%46.8%9.9%37.4%4.3%-1.1%966.4K-45.4M-161.0K3.6916.991,4345,29437,43628,388
2018-04-05$21.26$19.0034.3%10.3%46.9%7.5%36.3%4.0%-0.3%1.1M-50.0M-159.4K2.4424.371,8284,45337,79029,767
2018-04-06$21.03$19.0035.5%10.6%28.0%10.6%35.4%3.5%-0.3%1.1M-46.9M-160.5K2.4524.111,8194,45638,17131,375
2018-04-09$21.18$19.0035.5%10.7%23.6%10.7%35.4%3.0%3.1%1.0M-49.0M-153.2K7.0424.201,1878,35538,33830,659
2018-04-10$21.48$19.0035.1%10.4%23.8%6.7%37.1%4.0%1.8%1.1M-52.0M-150.9K4.6226.791,2095,58638,31131,074
2018-04-11$21.40$19.0034.5%10.2%23.5%5.4%37.1%4.1%1.2%1.2M-51.3M-150.8K2.9730.062,5287,50838,55131,118
2018-04-12$21.50$19.0034.8%10.2%23.5%6.2%34.2%2.8%0.9%1.1M-46.8M-152.0K3.5517.091,8156,44935,07933,279
2018-04-13$21.76$19.0034.7%9.8%23.6%5.7%35.0%2.8%0.2%974.4K-49.9M-147.5K4.0434.301,6806,78534,96133,272
2018-04-16$21.67$19.0034.4%9.8%23.7%4.9%35.4%4.0%10.2%1.1M-48.8M-143.5K2.2812.349762,22434,75031,827
2018-04-17$21.83$19.0033.7%9.7%23.7%3.0%32.9%3.7%7.5%1.0M-50.4M-141.3K1.6512.321,3352,20834,77831,891
2018-04-18$21.61$19.0032.6%9.3%24.1%0.0%32.9%3.1%8.4%1.1M-49.0M-140.0K1.4618.781,7452,54834,98931,881
2018-04-19$21.37$19.0038.1%10.6%24.5%15.0%35.2%0.4%5.9%1.1M-45.0M-143.6K1.8529.481,3062,41835,45032,284
2018-04-20$20.65$19.0039.5%10.3%26.2%18.4%36.4%1.9%10.0%1.0M-34.2M-149.0K2.6869.281,6704,47635,55432,252
2018-04-23$20.65$19.0043.7%10.6%26.2%29.8%35.8%5.3%-0.2%801.2K-32.9M-148.2K3.8127.411,1254,28133,36122,578
2018-04-24$20.86$19.0044.2%10.3%25.7%31.1%34.1%5.2%1.0%864.5K-35.4M-146.3K1.5520.351,3982,16033,64822,625
2018-04-25$20.98$19.0045.2%10.5%23.3%33.9%35.2%4.2%-0.3%980.3K-39.4M-142.0K1.8621.981,2222,26933,99022,716
2018-04-26$21.53$19.0044.8%9.8%24.6%32.8%34.4%4.5%0.2%1.1M-46.4M-136.5K1.7313.971,3612,35334,12122,835
2018-04-27$21.11$19.0045.1%9.9%25.7%33.6%33.3%2.6%-0.9%1.4M-42.3M-136.5K1.9721.391,3132,58834,56922,949
2018-04-30$20.73$19.0045.0%9.7%26.5%33.2%32.8%5.1%-1.4%1.2M-35.7M-133.4K2.0915.421,2492,61233,56820,708