AEO Options History — April 2019

In April 2019, AEO traded between $21.27 and $23.94. ATM implied volatility averaged 34.0%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded below realized volatility by 1.1% (HV 20d: 35.0%). Max pain ranged from $21.00 to $21.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 1.47.

Notable Days

  • 2019-04-22: Highest Volume — 15,949 contracts
  • 2019-04-22: Largest IV spike — 17.4% change
  • 2019-04-29: Highest IV Rank — 26.4%
  • 2019-04-01: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.45$21.27$23.94$22.05$23.80
Max Pain$21.00$21.00$21.00$21.00$21.00
ATM IV34.0%30.6%39.5%33.0%37.0%
Expected Move9.5%8.9%9.9%9.9%9.5%
HV 20d35.0%31.1%39.6%39.0%34.2%
HV 60d31.4%30.4%32.4%31.3%32.4%
IV Rank11.3%2.1%26.4%8.6%19.5%
IV Percentile15.3%0.8%42.9%7.1%33.7%
Term Structure2.1%-3.3%8.1%-0.2%4.5%
VWIV34.5%30.7%37.5%37.1%33.2%
Skew 25d4.4%1.4%6.6%4.9%5.7%
Skew 10d7.2%-51.5%32.8%14.1%16.8%
Call IV 25d32.2%28.5%39.8%30.6%39.5%
Put IV 25d36.6%32.1%45.2%35.5%45.2%
Bid-Ask Spread %14.9610.6222.6013.7616.41
Gamma HHI0.200.150.290.250.15
Net GEX-171.6K-817.7K358.3K-531.0K-30.6K
Net DEX-6.6M-13.9M-1.0M-2.9M-13.1M
Net VEX-74.6K-87.5K-65.7K-80.4K-76.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.470.2010.731.630.84
Total Volume2,359.33347015,9498291,782
Total OI38,689.71421,86441,04538,44839,262

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-04-01$22.05$21.0033.0%9.9%39.0%8.6%37.1%4.9%-0.2%-531.0K-2.9M-80.4K1.6313.763155149,37629,072
2019-04-02$21.73$21.0032.4%9.9%39.6%7.0%35.5%3.6%0.8%-676.1K-1.0M-81.4K2.6715.596601,7629,57129,414
2019-04-03$21.88$21.0031.7%9.8%37.0%5.1%34.6%4.2%0.3%-817.7K-2.1M-79.6K1.8811.435009429,72230,628
2019-04-04$22.70$21.0032.2%9.4%39.0%6.4%34.8%5.1%-3.3%-168.5K-8.0M-71.1K0.9614.669719349,74931,069
2019-04-05$22.81$21.0030.6%9.3%33.0%2.1%35.5%3.2%1.2%-19.9K-9.5M-67.9K1.0015.461,6771,6809,95131,094
2019-04-08$22.31$21.0033.4%9.8%31.1%9.9%37.5%4.0%0.8%-117.0K-6.1M-67.2K0.5310.795502939,83729,077
2019-04-09$21.70$21.0032.7%9.5%32.6%7.9%36.2%4.2%-0.4%-508.4K-2.1M-70.9K0.7617.4187066010,05929,190
2019-04-10$22.09$21.0031.8%9.6%33.2%5.3%37.3%4.3%1.8%-131.6K-5.0M-71.6K0.9815.021,2501,22710,51129,275
2019-04-11$21.57$21.0033.3%9.3%34.1%9.4%35.3%4.3%1.0%-347.6K-2.9M-74.1K1.0114.561,2911,30110,78429,780
2019-04-12$21.27$21.0032.7%9.8%33.9%7.9%34.4%1.4%2.4%-524.7K-1.1M-73.9K1.2512.3074993610,91229,853
2019-04-15$21.79$21.0032.6%9.4%34.8%7.5%34.7%4.1%5.2%-5.2K-4.3M-70.8K0.6310.6228918110,07729,053
2019-04-16$22.03$21.0032.9%9.5%34.9%8.4%33.6%4.0%2.4%173.6K-6.0M-68.5K0.8312.1255646210,20029,131
2019-04-17$22.80$21.0031.4%9.0%36.2%4.2%32.5%5.0%3.9%358.3K-9.8M-67.0K0.5714.8359334110,12029,189
2019-04-18$22.51$21.0032.2%8.9%36.5%6.5%32.3%4.1%8.1%272.3K-8.6M-66.5K0.6715.3883855910,25729,288
2019-04-22$22.14$21.0037.8%9.4%36.7%21.8%35.8%3.6%1.9%8.9K-4.8M-65.7K10.7317.591,36014,5898,76713,097
2019-04-23$22.45$21.0036.8%9.3%33.5%19.2%33.9%6.6%4.1%-551.0K-2.6M-87.5K0.2022.602,11441910,15627,448
2019-04-24$23.38$21.0037.5%9.1%35.9%20.9%33.4%5.7%0.8%-34.1K-11.5M-83.7K0.4316.3899642611,84127,699
2019-04-25$23.23$21.0037.4%9.5%33.6%20.8%34.2%5.8%3.4%-33.6K-11.2M-82.7K0.5415.651,12160311,95127,657
2019-04-26$23.24$21.0034.7%9.4%33.1%13.3%30.7%4.4%3.8%-47.1K-11.3M-81.8K0.3614.451,56156512,19327,729
2019-04-29$23.94$21.0039.5%9.4%34.2%26.4%32.9%4.6%2.4%126.8K-13.9M-77.1K2.2917.1933777211,83026,615
2019-04-30$23.80$21.0037.0%9.5%34.2%19.5%33.2%5.7%4.5%-30.6K-13.1M-76.9K0.8416.4196681611,89927,363