AEO Options History — January 2019

In January 2019, AEO traded between $19.04 and $21.18. ATM implied volatility averaged 41.9%, placing in the 32.4% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded below realized volatility by 6.5% (HV 20d: 48.4%). Max pain ranged from $19.00 to $20.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 1.77.

Notable Days

  • 2019-01-08: Highest Volume — 8,526 contracts
  • 2019-01-11: Largest IV drop — 13.7% change
  • 2019-01-10: Highest IV Rank — 59.0%
  • 2019-01-02: Largest Expected Move — 15.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.10$19.04$21.18$19.35$21.05
Max Pain$19.95$19.00$20.00$20.00$19.00
ATM IV41.9%35.5%51.7%48.9%38.1%
Expected Move12.1%10.5%15.0%15.0%13.4%
HV 20d48.4%30.8%62.2%62.2%31.1%
HV 60d46.3%44.8%47.1%46.1%44.8%
IV Rank32.4%15.3%59.0%51.3%22.3%
IV Percentile46.5%19.0%81.0%70.6%34.5%
Term Structure1.2%-3.2%12.0%-1.8%10.7%
VWIV42.2%34.6%52.7%52.7%48.3%
Skew 25d4.5%2.2%7.4%2.2%4.9%
Skew 10d15.4%3.5%42.5%10.1%18.6%
Call IV 25d39.6%33.2%48.7%47.9%33.4%
Put IV 25d44.0%38.2%56.1%50.0%38.3%
Bid-Ask Spread %14.499.4223.1019.5915.94
Gamma HHI0.190.120.510.130.21
Net GEX-56.0K-693.8K723.6K-176.5K368.7K
Net DEX-616.1K-14.5M10.6M4.2M-5.3M
Net VEX-58.6K-71.2K-49.3K-69.0K-50.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.770.438.140.431.49
Total Volume3,3064518,5262,0511,082
Total OI38,321.09517,68057,84942,55518,880

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-01-02$19.35$20.0048.9%15.0%62.2%51.3%52.7%2.2%-1.8%-176.5K4.2M-69.0K0.4319.591,43062118,68123,874
2019-01-03$19.07$20.0049.3%13.9%57.0%52.3%45.6%4.7%-2.2%-216.4K6.4M-68.2K1.4523.101,5252,21119,18124,025
2019-01-04$19.04$20.0047.8%13.4%57.0%48.5%45.9%4.9%-0.8%-225.7K6.7M-66.8K2.9321.731,0913,19619,36925,350
2019-01-07$19.85$20.0046.6%12.9%59.1%45.1%44.9%5.0%-0.5%-202.3K1.6M-67.0K0.5115.6175338218,86025,133
2019-01-08$19.79$20.0047.6%13.1%57.1%47.9%45.4%3.7%-1.8%-172.2K1.9M-66.1K1.3413.923,6414,88519,24125,267
2019-01-09$19.85$20.0048.8%13.4%56.5%50.9%47.0%4.8%-2.0%-294.5K2.1M-69.2K4.0815.931,2715,18119,82127,914
2019-01-10$19.16$20.0051.7%14.1%57.4%59.0%48.4%7.4%-2.3%-693.8K10.6M-69.2K1.8216.282,8165,12720,29330,839
2019-01-11$19.80$20.0044.6%12.4%57.7%39.8%46.5%4.3%-3.2%-660.1K3.5M-71.2K8.1413.728116,60321,79336,056
2019-01-14$19.80$20.0041.2%11.9%54.7%30.7%41.9%5.2%-0.9%-693.5K2.4M-61.1K2.6310.961,9175,04820,63435,442
2019-01-15$19.80$20.0039.9%11.4%53.2%27.0%39.3%4.1%-1.2%-381.5K1.1M-60.2K0.7616.711,3191,00321,91634,580
2019-01-16$19.78$20.0038.3%11.0%52.0%22.8%38.3%4.4%-1.9%-361.7K799.8K-57.0K0.7111.851,31392821,95334,298
2019-01-17$20.04$20.0037.6%10.8%49.4%20.9%37.1%4.6%-0.6%-148.6K-4.5M-53.4K1.4013.007171,00322,05434,321
2019-01-18$20.63$20.0036.2%10.5%48.6%17.2%36.7%4.7%-1.2%222.7K-14.5M-49.3K0.489.422,8811,38822,16834,342
2019-01-22$20.23$20.0041.1%11.4%49.5%30.3%39.7%3.9%-0.0%204.1K-2.0M-49.6K0.8313.901,5801,3058,7208,960
2019-01-23$20.21$20.0038.3%11.5%44.3%22.8%41.3%3.7%0.7%310.9K-2.3M-51.0K2.4212.104901,1879,6048,839
2019-01-24$20.23$20.0036.7%11.2%44.0%18.6%34.6%3.9%0.4%347.2K-2.2M-50.3K1.5013.083785679,8138,869
2019-01-25$21.12$20.0035.5%10.5%32.0%15.3%36.2%5.3%0.8%723.6K-7.4M-50.3K0.7110.809366669,9328,922
2019-01-28$21.09$20.0037.2%11.3%31.9%19.9%39.8%4.1%10.9%272.9K-5.3M-50.4K1.0511.922202318,9948,884
2019-01-29$21.06$20.0037.2%11.0%31.2%19.8%38.9%4.4%10.4%288.8K-5.1M-51.1K1.3413.393394539,1689,092
2019-01-30$21.18$20.0036.6%11.1%30.8%18.1%37.0%3.5%12.0%312.4K-5.8M-50.5K1.1111.264424899,2829,379
2019-01-31$21.05$19.0038.1%13.4%31.1%22.3%48.3%4.9%10.7%368.7K-5.3M-50.3K1.4915.944356479,4699,411