AEO Options History — November 2019

In November 2019, AEO traded between $14.40 and $16.55. ATM implied volatility averaged 49.9%, placing in the 54.0% IV rank vs the trailing year. The 30-day expected move averaged 14.8%. IV traded above realized volatility by 13.4% (HV 20d: 36.5%). Max pain ranged from $15.50 to $17.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.57.

Notable Days

  • 2019-11-20: Highest Volume — 5,266 contracts
  • 2019-11-08: Largest IV spike — 7.6% change
  • 2019-11-21: Highest IV Rank — 73.3%
  • 2019-11-29: Largest Expected Move — 16.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.64$14.40$16.55$15.72$15.01
Max Pain$16.48$15.50$17.00$16.00$15.50
ATM IV49.9%40.8%56.8%40.8%53.0%
Expected Move14.8%11.7%16.6%11.7%16.6%
HV 20d36.5%33.0%38.3%37.7%36.5%
HV 60d51.9%36.9%57.3%57.3%36.9%
IV Rank54.0%28.6%73.3%28.6%62.6%
IV Percentile67.8%32.1%87.7%32.1%79.8%
Term Structure0.3%-5.5%9.7%3.6%-3.8%
VWIV51.2%38.7%56.3%38.7%56.1%
Skew 25d3.9%0.9%6.4%2.8%3.5%
Skew 10d13.0%3.1%32.2%10.2%31.3%
Call IV 25d47.7%38.5%53.0%38.5%52.1%
Put IV 25d51.7%41.3%59.3%41.3%55.6%
Bid-Ask Spread %17.3410.1625.5310.1618.98
Gamma HHI0.250.110.510.220.51
Net GEX315.1K-447.5K917.5K446.9K-447.5K
Net DEX-7.5M-16.7M4.9M-9.8M-4.7M
Net VEX-98.3K-109.8K-88.5K-109.8K-99.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.092.120.090.22
Total Volume2,054.93005,2661,9041,350
Total OI43,094.7532,98247,16546,78441,502

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-11-01$15.72$16.0040.8%11.7%37.7%28.6%38.7%2.8%3.6%446.9K-9.8M-109.8K0.0910.161,74615831,97214,812
2019-11-04$16.18$17.0042.6%14.7%38.2%33.6%50.8%3.8%9.7%604.0K-12.9M-106.9K0.1618.231,49223530,71514,296
2019-11-05$16.55$17.0043.2%14.1%37.6%35.2%48.7%4.7%7.3%804.6K-16.0M-107.4K0.1715.032,27037730,94914,393
2019-11-06$16.37$17.0043.1%14.5%38.1%35.2%48.9%3.7%8.4%805.1K-14.5M-106.6K0.6920.1838326632,02214,539
2019-11-07$16.55$17.0044.0%14.0%38.1%37.4%49.3%2.4%7.6%917.5K-16.7M-107.4K0.1916.121,13621732,00514,665
2019-11-08$16.21$17.0047.3%14.2%36.4%46.8%47.4%0.9%8.1%749.9K-12.4M-102.3K0.6217.7665640932,43714,728
2019-11-11$16.12$17.0049.4%14.1%34.3%52.6%49.7%4.9%-2.0%614.5K-10.8M-99.0K0.3318.0662920931,44014,463
2019-11-12$16.04$17.0050.9%14.3%34.1%56.9%50.3%3.7%-2.2%492.7K-9.8M-97.6K0.3816.572178331,52914,547
2019-11-13$16.02$17.0052.8%14.3%34.1%62.1%50.3%5.0%-3.4%436.1K-9.4M-96.5K0.6513.1426617431,64514,588
2019-11-14$16.19$17.0051.2%14.6%33.3%57.6%50.3%1.8%1.1%434.8K-10.7M-95.8K0.6115.1461037031,78814,618
2019-11-15$16.55$17.0049.7%13.6%33.0%53.4%47.2%4.1%-4.2%486.5K-13.2M-95.4K1.2925.539701,25131,88214,710
2019-11-18$15.72$16.0053.2%15.0%35.7%63.3%50.1%4.8%-3.8%114.1K-6.3M-93.7K0.8517.372,2831,93420,64612,336
2019-11-19$15.26$16.0053.4%15.2%34.5%63.9%53.9%4.7%-2.2%73.7K-2.7M-92.5K1.0513.911,3151,37822,10214,104
2019-11-20$14.51$16.0055.1%15.8%38.3%68.8%55.0%3.8%-2.8%102.8K1.8M-88.5K2.1218.291,6903,57623,51315,413
2019-11-21$14.40$16.0056.8%16.5%38.2%73.3%56.1%6.4%-5.5%-113.5K4.9M-90.2K0.1921.802,83454324,31618,406
2019-11-22$14.72$16.0055.1%16.2%38.3%68.5%55.9%5.5%-4.3%-25.5K770.1K-92.5K0.4922.471,36067126,43218,539
2019-11-25$14.86$16.0052.9%15.7%37.8%62.4%56.3%4.2%-2.2%-23.5K-2.1M-92.4K0.9815.441,7001,66021,74514,851
2019-11-26$14.77$16.0051.4%15.9%37.8%58.1%55.3%4.1%-1.1%-49.3K-1.5M-94.0K0.2715.641,71746522,86615,996
2019-11-27$14.97$16.0051.7%16.0%37.4%59.2%54.4%4.0%-2.4%-122.2K-3.8M-99.1K0.1517.052,18031824,29016,095
2019-11-29$15.01$15.5053.0%16.6%36.5%62.6%56.1%3.5%-3.8%-447.5K-4.7M-99.1K0.2218.981,11024025,21016,292