AEO Options History — March 2019

In March 2019, AEO traded between $20.06 and $22.19. ATM implied volatility averaged 37.7%, placing in the 21.6% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 4.8% (HV 20d: 32.9%). Max pain ranged from $19.00 to $21.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 2.99.

Notable Days

  • 2019-03-06: Highest Volume — 24,849 contracts
  • 2019-03-07: Largest IV drop — 31.7% change
  • 2019-03-06: Highest IV Rank — 67.9%
  • 2019-03-05: Largest Expected Move — 21.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.98$20.06$22.19$20.77$22.19
Max Pain$20.38$19.00$21.00$19.00$21.00
ATM IV37.7%31.8%54.6%50.3%31.8%
Expected Move12.2%9.7%21.7%18.4%9.8%
HV 20d32.9%22.0%39.6%22.3%39.6%
HV 60d36.9%30.5%41.8%41.8%31.4%
IV Rank21.6%5.4%67.9%56.2%5.4%
IV Percentile26.6%2.8%91.3%82.1%2.8%
Term Structure-0.6%-5.1%1.8%-1.4%1.8%
VWIV43.6%34.3%76.8%66.1%35.0%
Skew 25d5.2%3.2%6.7%4.9%4.6%
Skew 10d13.0%6.9%22.3%10.2%15.0%
Call IV 25d34.9%29.0%51.3%47.8%29.1%
Put IV 25d40.1%33.7%56.7%52.7%33.7%
Bid-Ask Spread %15.3911.8525.3517.1714.46
Gamma HHI0.240.110.420.130.24
Net GEX-452.3K-1.3M210.4K180.6K-527.7K
Net DEX-141.3K-9.6M14.7M-8.2M-3.8M
Net VEX-80.9K-103.2K-50.7K-50.7K-83.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.990.3123.530.311.26
Total Volume5,39086324,8494,9181,932
Total OI34,449.1918,68944,95419,46339,602

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-03-01$20.77$19.0050.3%18.4%22.3%56.2%66.1%4.9%-1.4%180.6K-8.2M-50.7K0.3117.173,7641,15411,2738,190
2019-03-04$20.41$19.0052.8%21.2%23.0%63.0%74.4%6.7%-0.1%192.0K-5.5M-58.7K0.6717.1255937210,8647,825
2019-03-05$20.45$19.0053.4%21.7%22.0%64.6%75.1%6.5%-3.3%210.4K-6.0M-60.3K2.0116.382,6215,26711,4018,068
2019-03-06$21.30$19.0054.6%21.3%25.7%67.9%76.8%5.5%-5.1%162.7K-9.6M-63.7K1.4315.8410,22714,62213,21412,791
2019-03-07$21.20$21.0037.3%11.3%25.7%20.4%38.7%4.9%1.2%-524.7K-9.3M-74.7K1.0813.596,7897,31321,49023,464
2019-03-08$20.12$21.0036.9%10.9%31.5%19.4%36.3%5.8%-0.4%-199.2K11.4M-63.4K2.3716.582,7816,59421,79322,258
2019-03-11$21.05$20.0037.1%11.1%35.7%19.8%40.3%6.1%-1.5%-138.0K-6.5M-67.6K11.2014.461,14612,83015,55213,837
2019-03-12$21.32$20.0035.9%10.7%36.0%16.5%39.4%4.1%0.3%193.8K-8.7M-78.8K2.7213.056681,81415,89716,593
2019-03-13$21.34$20.0034.5%10.6%34.7%12.7%40.6%3.9%1.0%153.5K-8.9M-78.0K4.8814.775212,54416,05117,267
2019-03-14$21.09$20.0033.8%10.4%34.5%10.8%37.6%5.1%1.1%-217.2K-5.3M-80.4K2.4612.4629572616,14418,778
2019-03-15$20.72$20.0033.6%9.9%34.5%10.3%35.3%5.5%-1.1%-190.2K752.3K-77.0K23.5313.0166115,55416,14218,789
2019-03-18$20.70$21.0034.3%9.9%34.5%12.2%35.4%4.7%-2.7%-1.1M8.9M-102.7K0.6815.927875378,77429,145
2019-03-19$20.69$21.0033.8%9.9%34.3%10.9%36.0%5.5%-1.0%-1.0M8.6M-102.8K1.1216.594074569,34629,476
2019-03-20$20.47$21.0032.9%10.3%34.5%8.5%35.7%5.1%0.4%-1.1M10.3M-103.2K1.3925.354626439,53529,381
2019-03-21$20.35$21.0032.7%10.1%34.0%7.9%35.9%6.3%-0.9%-1.2M11.7M-101.4K0.9714.754794659,69829,437
2019-03-22$20.06$21.0034.1%10.0%33.7%11.7%34.3%5.5%-1.1%-1.3M14.7M-101.4K1.2412.435977439,67929,444
2019-03-25$21.01$21.0033.2%10.1%37.5%9.3%36.1%4.4%-1.1%-1.1M5.8M-92.7K0.5713.947144088,39228,865
2019-03-26$21.32$21.0032.9%10.1%37.5%8.3%35.3%3.2%0.6%-880.5K2.5M-89.1K0.7316.707005098,90028,987
2019-03-27$22.18$21.0033.6%9.7%39.3%10.2%36.2%5.3%0.1%-500.0K-3.6M-83.1K1.1216.771,1911,3329,31328,876
2019-03-28$21.88$21.0032.3%9.7%39.6%6.9%35.0%5.7%0.7%-596.1K-2.1M-85.1K1.0311.859871,0199,74729,155
2019-03-29$22.19$21.0031.8%9.8%39.6%5.4%35.0%4.6%1.8%-527.7K-3.8M-83.4K1.2614.468541,0789,87929,723