AEO Options History — July 2019

In July 2019, AEO traded between $16.48 and $18.27. ATM implied volatility averaged 38.1%, placing in the 20.9% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded above realized volatility by 5.4% (HV 20d: 32.7%). Max pain ranged from $16.00 to $19.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.47.

Notable Days

  • 2019-07-23: Highest Volume — 7,049 contracts
  • 2019-07-29: Largest IV spike — 10.3% change
  • 2019-07-31: Highest IV Rank — 42.2%
  • 2019-07-23: Largest Expected Move — 11.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.41$16.48$18.27$17.02$17.80
Max Pain$17.43$16.00$19.00$18.00$18.00
ATM IV38.1%33.5%45.7%36.6%45.7%
Expected Move10.7%10.0%11.3%10.9%11.2%
HV 20d32.7%27.9%37.9%37.6%31.0%
HV 60d40.5%39.9%41.2%40.2%40.5%
IV Rank20.9%8.1%42.2%16.9%42.2%
IV Percentile28.8%7.9%55.2%23.4%55.2%
Term Structure1.6%-0.8%5.5%0.9%3.0%
VWIV37.1%35.6%40.2%37.5%38.4%
Skew 25d3.5%0.0%6.6%3.9%0.0%
Skew 10d8.4%-34.1%25.8%-10.1%-34.1%
Call IV 25d36.9%32.5%49.0%35.6%49.0%
Put IV 25d40.4%35.5%50.4%39.5%49.0%
Bid-Ask Spread %12.139.7114.6813.239.71
Gamma HHI0.290.170.490.240.40
Net GEX714.9K190.0K1.7M303.4K640.9K
Net DEX-7.3M-19.4M1.1M-968.2K-9.6M
Net VEX-83.2K-99.6K-68.6K-68.6K-98.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.062.430.090.98
Total Volume3,303.8649917,0492,8221,940
Total OI37,052.04530,41643,30930,41641,875

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-07-01$17.02$18.0036.6%10.9%37.6%16.9%37.5%3.9%0.9%303.4K-968.2K-68.6K0.0913.232,58523720,16210,254
2019-07-02$16.48$17.0037.6%10.0%37.1%19.6%35.9%2.1%-0.7%190.0K1.1M-68.6K0.3011.712,31069622,17210,470
2019-07-03$16.78$17.0036.2%10.3%37.9%15.7%35.6%6.6%-0.7%336.2K-915.9K-73.4K0.2614.091,43837423,24810,939
2019-07-05$17.10$17.0035.3%10.6%33.5%13.3%36.1%2.5%-0.3%595.4K-3.8M-75.2K0.1014.663,12831523,57110,953
2019-07-08$17.16$17.0036.0%10.6%33.6%15.1%37.0%5.5%0.8%673.1K-5.0M-76.6K0.7611.402,5681,94124,18210,350
2019-07-09$16.81$17.0035.9%10.5%30.0%14.9%37.1%2.0%0.2%499.4K-2.0M-72.8K0.699.991,7631,21024,53710,742
2019-07-10$16.70$17.0036.2%10.5%30.0%15.8%36.5%3.2%-0.1%267.3K137.5K-71.2K0.3713.351,34250324,11311,735
2019-07-11$16.65$17.0034.7%10.1%29.6%11.6%36.2%2.1%-0.1%316.2K-577.9K-72.9K0.1713.212,93248424,79611,836
2019-07-12$16.87$17.0033.5%10.1%27.9%8.1%35.9%3.0%2.4%682.5K-2.7M-72.9K0.1911.112,56949225,19611,668
2019-07-15$17.45$16.0035.8%10.4%29.1%14.7%36.1%4.6%-0.8%761.9K-8.5M-77.1K0.1610.872,75543424,52010,801
2019-07-16$18.26$16.0036.9%10.6%32.4%17.6%37.4%2.8%-0.2%1.0M-17.8M-86.6K0.0613.176,56341925,74011,034
2019-07-17$18.12$17.0037.4%10.7%32.1%19.1%36.8%5.3%0.4%1.3M-15.5M-86.3K0.1812.062,89150826,37911,201
2019-07-18$17.94$17.0037.8%10.8%32.3%20.3%36.4%3.0%0.9%1.5M-14.0M-84.9K0.2112.022,47052926,61911,311
2019-07-19$18.27$17.0036.6%10.4%32.6%16.7%36.1%0.9%0.6%1.3M-19.4M-84.5K0.2510.922,83369926,81111,520
2019-07-22$17.62$17.0037.5%10.5%35.0%19.4%36.7%4.6%5.5%502.2K-8.2M-79.6K0.0714.684,12829022,4629,869
2019-07-23$17.63$17.0039.6%11.3%33.5%25.1%40.2%2.6%3.5%776.6K-11.8M-87.1K2.4312.912,0554,99425,71210,035
2019-07-24$17.89$19.0038.9%10.9%31.8%23.2%38.3%4.4%4.4%664.7K-11.1M-98.9K1.2311.791,6161,99326,45314,143
2019-07-25$17.45$19.0040.3%11.1%33.0%27.3%37.7%4.5%4.7%682.7K-5.6M-98.5K0.3511.912,76496026,90415,433
2019-07-26$17.53$19.0039.6%10.7%33.0%25.3%37.9%4.1%4.6%1.7M-7.8M-99.6K0.4210.601,94281627,68515,624
2019-07-29$17.78$19.0043.7%11.0%33.3%36.7%38.0%4.3%3.2%497.5K-8.6M-98.5K0.5411.5464234925,76415,065
2019-07-30$17.64$18.5045.4%11.3%33.5%41.4%38.7%5.2%3.7%491.9K-7.7M-97.7K0.5112.0380140726,11315,148
2019-07-31$17.80$18.0045.7%11.2%31.0%42.2%38.4%0.0%3.0%640.9K-9.6M-98.4K0.989.7197996126,78815,087