AEO Options History — May 2018

In May 2018, AEO traded between $19.67 and $23.15. ATM implied volatility averaged 46.4%, placing in the 36.9% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 17.9% (HV 20d: 28.5%). Max pain ranged from $19.00 to $22.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 1.83.

Notable Days

  • 2018-05-30: Highest Volume — 16,630 contracts
  • 2018-05-31: Largest IV drop — 31.8% change
  • 2018-05-30: Highest IV Rank — 48.7%
  • 2018-05-30: Largest Expected Move — 17.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.54$19.67$23.15$20.41$22.26
Max Pain$21.00$19.00$22.00$19.00$22.00
ATM IV46.4%34.6%50.8%45.7%34.6%
Expected Move13.3%9.7%17.7%9.7%10.2%
HV 20d28.5%22.3%33.3%25.5%30.7%
HV 60d35.9%34.5%36.8%36.0%34.5%
IV Rank36.9%5.6%48.7%35.1%5.6%
IV Percentile67.9%9.5%77.0%70.2%9.5%
Term Structure-2.1%-4.1%0.7%-1.7%0.7%
VWIV46.9%33.5%61.9%33.5%36.7%
Skew 25d5.1%3.1%7.1%5.8%5.2%
Skew 10d11.8%5.1%28.0%11.6%10.9%
Call IV 25d43.9%32.0%47.7%42.0%32.0%
Put IV 25d49.0%37.2%53.2%47.8%37.2%
Bid-Ask Spread %22.9814.7951.9816.5714.79
Gamma HHI0.360.120.680.470.28
Net GEX945.0K-845.1K2.4M1.2M-845.1K
Net DEX-33.8M-70.8M-17.5M-29.8M-17.5M
Net VEX-116.0K-135.6K-100.3K-135.6K-103.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.830.942.582.431.73
Total Volume5,430.6823,51216,6304,1138,405
Total OI49,943.86435,26262,15355,07249,421

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-05-01$20.41$19.0045.7%9.7%25.5%35.1%33.5%5.8%-1.7%1.2M-29.8M-135.6K2.4316.571,1992,91433,69821,374
2018-05-02$20.42$19.0047.5%10.0%22.8%39.9%38.6%5.3%-2.1%989.8K-29.8M-135.2K2.4751.981,0532,59933,83321,703
2018-05-03$20.54$21.0046.6%12.0%22.3%37.5%41.9%5.6%-2.1%880.3K-32.3M-133.6K2.3619.221,0462,46633,92421,743
2018-05-04$20.15$21.0046.4%12.1%23.0%36.8%40.6%3.2%-2.4%1.8M-24.1M-132.2K1.1128.162,1972,44034,06221,717
2018-05-07$19.67$21.0046.2%12.5%24.0%36.4%44.1%3.4%-2.4%1.8M-20.5M-128.5K2.5832.581,0552,72334,23419,503
2018-05-08$19.90$21.0046.2%12.4%23.7%36.4%43.2%7.1%-2.9%1.9M-24.3M-125.6K2.2430.501,1162,50434,53219,792
2018-05-09$20.31$20.0046.0%12.6%25.2%35.8%44.0%5.5%-2.0%2.2M-32.8M-124.6K1.9230.611,5663,01234,82919,837
2018-05-10$20.07$20.0046.1%12.6%25.3%36.1%43.5%5.3%-2.8%2.4M-27.7M-125.1K1.8325.551,6132,95535,12620,132
2018-05-11$20.68$20.0046.3%12.5%27.4%36.6%43.8%5.4%-3.7%1.9M-40.0M-122.1K0.9418.543,1632,98235,47520,555
2018-05-14$20.96$20.0045.2%12.7%28.0%33.8%44.7%4.9%-2.0%1.9M-46.9M-115.0K1.2924.391,8092,33236,30320,354
2018-05-15$21.62$20.0045.6%12.9%30.2%34.8%46.0%4.5%-1.9%1.4M-57.1M-106.3K1.2016.192,1752,60237,14820,491
2018-05-16$22.50$20.0049.3%14.1%33.2%44.7%49.7%6.7%-3.1%798.7K-67.0M-100.3K2.0619.962,4595,07537,25720,595
2018-05-17$22.92$22.0047.1%13.6%33.3%38.7%49.3%5.2%-1.9%495.0K-69.4M-103.4K1.1918.792,5453,02637,61423,383
2018-05-18$23.15$22.0046.7%13.6%30.2%37.7%48.1%4.8%-2.4%570.0K-70.8M-108.4K1.6715.411,9523,26538,09924,054
2018-05-21$22.78$22.0046.6%14.2%31.1%37.6%51.3%4.2%-0.0%141.2K-23.0M-108.6K2.0321.641,3892,82418,10817,737
2018-05-22$22.19$22.0046.7%14.5%32.9%37.7%51.0%6.2%-2.9%108.3K-19.4M-111.2K2.2029.451,3623,00018,40718,214
2018-05-23$22.39$22.0046.7%14.7%33.0%37.8%53.0%4.4%-1.4%79.9K-20.1M-110.7K1.9919.711,3852,75918,59618,535
2018-05-24$22.80$22.0047.2%15.0%32.4%39.0%53.7%3.1%-1.4%129.1K-23.0M-106.9K1.5215.571,9362,94518,58918,409
2018-05-25$22.92$22.0047.5%15.3%31.3%39.8%52.1%5.5%-1.9%697.4K-24.3M-105.1K2.2017.041,3002,85819,14018,453
2018-05-29$22.67$22.0049.9%17.3%30.7%46.2%61.9%6.0%-4.1%107.6K-21.1M-104.1K1.3318.092,9363,90317,77217,490
2018-05-30$22.59$22.0050.8%17.7%29.9%48.7%61.7%5.6%-2.7%126.8K-21.8M-106.2K1.8420.865,85710,77319,73218,795
2018-05-31$22.26$22.0034.6%10.2%30.7%5.6%36.7%5.2%0.7%-845.1K-17.5M-103.4K1.7314.793,0745,33123,01026,411