AEO Options History — August 2019

In August 2019, AEO traded between $14.82 and $16.96. ATM implied volatility averaged 59.1%, placing in the 79.8% IV rank vs the trailing year. The 30-day expected move averaged 16.6%. IV traded above realized volatility by 6.3% (HV 20d: 52.8%). Max pain ranged from $16.00 to $18.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.75.

Notable Days

  • 2019-08-22: Highest Volume — 8,475 contracts
  • 2019-08-19: Largest IV drop — 11.5% change
  • 2019-08-14: Highest IV Rank — 95.4%
  • 2019-08-28: Largest Expected Move — 19.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.18$14.82$16.96$16.38$16.84
Max Pain$16.89$16.00$18.00$18.00$16.00
ATM IV59.1%50.1%64.7%50.1%58.9%
Expected Move16.6%12.9%19.0%12.9%18.8%
HV 20d52.8%42.6%63.6%43.3%56.1%
HV 60d44.4%41.0%46.7%43.0%44.3%
IV Rank79.8%54.6%95.4%54.6%79.1%
IV Percentile93.7%75.4%99.6%75.4%91.7%
Term Structure-2.1%-4.2%4.9%4.9%-4.2%
VWIV56.8%38.7%66.3%43.4%62.9%
Skew 25d6.1%1.5%9.0%2.5%5.3%
Skew 10d13.5%-14.7%31.6%8.4%10.6%
Call IV 25d55.9%49.8%60.4%49.8%56.2%
Put IV 25d62.0%52.4%69.3%52.4%61.5%
Bid-Ask Spread %16.5813.1322.1318.5115.38
Gamma HHI0.170.100.410.160.26
Net GEX302.3K-245.6K913.7K41.9K913.7K
Net DEX-6.6M-21.3M5.1M2.9M-20.1M
Net VEX-100.6K-119.1K-85.9K-87.8K-117.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.111.820.851.23
Total Volume2,554.5911,0348,4755,4142,911
Total OI41,328.86430,57147,21942,25347,219

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-08-01$16.38$18.0050.1%12.9%43.3%54.6%43.4%2.5%4.9%41.9K2.9M-87.8K0.8518.512,9262,48826,62515,628
2019-08-02$16.38$17.5054.9%13.3%42.6%68.0%38.7%1.5%0.9%164.9K-548.8K-90.7K1.8214.117761,41428,19414,346
2019-08-05$15.93$17.0059.6%16.2%43.5%81.1%55.1%7.5%-1.3%119.3K349.0K-87.9K1.6118.081,0591,70626,10313,267
2019-08-06$16.32$17.0057.7%15.6%44.1%76.0%53.3%7.0%-1.9%154.2K-2.6M-90.3K0.3215.161,84059226,23213,231
2019-08-07$16.55$17.0061.6%15.8%44.4%86.9%55.9%8.2%-1.5%233.4K-5.6M-95.4K0.2614.3881821627,77212,971
2019-08-08$16.80$17.0057.4%15.2%44.7%75.1%52.7%6.1%-2.4%295.7K-7.9M-97.1K0.7313.1380258728,32713,053
2019-08-09$16.13$17.0058.5%15.8%46.7%78.0%53.7%8.1%-1.7%221.7K-3.0M-95.9K0.5318.361,12959429,02613,180
2019-08-12$15.59$17.0060.4%16.2%46.0%83.5%56.1%5.5%-3.1%74.3K74.8K-91.3K0.9016.6586978428,75312,950
2019-08-13$16.41$17.0059.0%16.5%46.9%79.4%56.8%6.0%-0.7%187.7K-6.7M-99.6K1.1821.011,2801,50729,12113,047
2019-08-14$15.07$17.0064.7%17.5%54.8%95.4%58.4%9.0%-4.0%-14.1K3.1M-88.1K0.8622.1375865229,81913,746
2019-08-15$14.82$17.0063.4%17.2%54.9%91.8%60.6%7.7%-4.0%24.5K5.1M-85.9K0.9516.571,1061,05030,00613,718
2019-08-16$15.39$17.0061.7%17.0%56.6%87.2%56.7%5.4%-3.6%-245.6K2.6M-92.3K1.1017.5155460830,96114,178
2019-08-19$15.97$17.0054.6%15.4%57.8%67.2%54.0%5.6%0.5%200.3K-6.1M-94.4K0.5916.252,5261,48320,8809,691
2019-08-20$15.89$17.0057.2%16.2%57.8%74.4%55.2%4.7%-3.3%220.6K-6.1M-99.7K0.9415.3664160322,89810,957
2019-08-21$16.20$17.0057.5%16.5%58.0%75.4%58.2%5.1%-2.5%276.0K-7.7M-104.8K0.4114.3595638923,11011,607
2019-08-22$16.88$17.0059.2%17.1%59.7%80.0%61.3%8.5%-3.7%377.6K-12.1M-109.4K0.1116.497,66880723,57711,896
2019-08-23$16.12$16.5060.8%17.7%61.7%84.6%59.6%5.7%-4.0%554.9K-12.0M-115.5K0.2116.082,70555930,96512,618
2019-08-26$16.20$16.5062.7%18.9%61.4%89.8%65.9%8.4%-2.6%578.7K-12.8M-115.2K0.4216.601,09346330,65612,381
2019-08-27$16.23$16.5061.0%18.6%61.4%85.2%64.3%5.9%-2.9%630.5K-13.4M-115.8K0.5216.801,02453731,73312,705
2019-08-28$16.95$16.5061.2%19.0%63.6%85.7%66.3%6.3%-1.6%752.7K-20.2M-119.1K0.1916.682,68549732,65012,916
2019-08-29$16.96$16.0057.9%18.1%56.0%76.4%61.5%5.0%-2.4%887.7K-21.3M-118.5K0.6915.121,4991,04033,42713,095
2019-08-30$16.84$16.0058.9%18.8%56.1%79.1%62.9%5.3%-4.2%913.7K-20.1M-117.4K1.2315.381,3031,60833,97313,246