AEO Options History — December 2019

In December 2019, AEO traded between $14.19 and $15.35. ATM implied volatility averaged 43.4%, placing in the 36.5% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded above realized volatility by 7.8% (HV 20d: 35.6%). Max pain ranged from $14.50 to $15.50. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 1.25.

Notable Days

  • 2019-12-10: Highest Volume — 19,209 contracts
  • 2019-12-11: Largest IV drop — 26.3% change
  • 2019-12-10: Highest IV Rank — 67.0%
  • 2019-12-04: Largest Expected Move — 18.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.74$14.19$15.35$14.98$14.72
Max Pain$14.98$14.50$15.50$15.50$15.00
ATM IV43.4%35.7%54.5%53.2%38.9%
Expected Move13.1%10.2%18.8%18.4%12.1%
HV 20d35.6%32.5%43.2%35.5%34.6%
HV 60d35.9%33.3%36.9%36.9%35.5%
IV Rank36.5%15.0%67.0%63.2%24.2%
IV Percentile44.4%13.1%86.1%81.0%28.6%
Term Structure-0.3%-3.1%2.9%0.2%1.5%
VWIV45.4%35.3%66.4%65.8%42.1%
Skew 25d3.7%2.4%6.2%4.6%2.5%
Skew 10d11.1%-6.3%20.0%18.7%14.7%
Call IV 25d41.5%35.0%51.7%51.0%37.1%
Put IV 25d45.2%37.6%57.2%55.6%39.6%
Bid-Ask Spread %11.465.1918.4118.418.92
Gamma HHI0.210.090.350.090.35
Net GEX-125.9K-898.9K502.9K112.1K502.9K
Net DEX-3.1M-8.5M8.6M-4.2M-8.1M
Net VEX-107.2K-117.1K-96.9K-96.9K-117.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.250.185.530.240.32
Total Volume4,563.52495619,2093,1403,490
Total OI53,411.23838,68563,84438,68562,865

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-12-02$14.98$15.5053.2%18.4%35.5%63.2%65.8%4.6%0.2%112.1K-4.2M-96.9K0.2418.412,53061023,73914,946
2019-12-03$14.84$14.5053.5%18.3%33.5%64.0%64.1%6.2%-0.8%144.9K-5.2M-98.3K0.3416.601,19040826,14115,509
2019-12-04$15.10$14.5052.3%18.8%33.0%60.8%66.4%5.8%-1.1%218.6K-6.9M-99.2K0.1814.9483814926,48815,846
2019-12-05$15.10$15.0053.1%14.6%33.0%63.1%49.6%4.7%-0.0%244.1K-7.7M-100.5K3.1113.527822,43527,12715,867
2019-12-06$15.18$15.0053.0%14.8%32.7%62.7%50.0%4.5%-3.1%186.2K-7.9M-101.1K0.4116.1288636527,42617,940
2019-12-09$15.35$15.0053.0%15.5%32.5%62.7%52.2%4.3%2.1%140.7K-8.5M-100.2K1.1211.211,4301,59526,34917,416
2019-12-10$15.10$15.0054.5%15.0%32.9%67.0%52.9%2.8%-2.1%105.3K-7.0M-101.3K1.1815.598,81910,39027,35118,563
2019-12-11$14.19$15.0040.2%11.8%39.0%28.1%40.7%3.3%0.4%-584.4K8.6M-100.7K1.2211.254,7945,82634,07027,469
2019-12-12$14.86$15.0037.8%11.4%43.2%21.2%39.9%3.1%2.9%-142.6K-2.2M-107.5K0.579.014,0392,30935,32427,398
2019-12-13$14.56$15.0039.0%11.4%43.2%24.6%40.2%2.9%1.5%-898.9K2.1M-104.8K0.768.643,4672,61835,99627,848
2019-12-16$14.64$15.0039.0%11.3%42.2%24.5%38.8%3.9%-0.9%-139.2K-1.8M-107.9K0.715.193,9912,85132,73124,503
2019-12-17$14.61$15.0039.9%11.5%38.7%27.4%39.9%3.9%-0.7%-169.5K-3.3M-115.3K2.466.6828670435,62425,244
2019-12-18$14.78$15.0038.6%11.1%37.7%23.7%38.9%3.2%-1.3%-175.2K-5.5M-113.7K0.616.5259436235,69125,350
2019-12-19$14.76$15.0036.0%10.4%33.0%16.0%38.1%3.2%-1.2%-308.9K-5.7M-112.8K5.537.552961,63835,84825,171
2019-12-20$14.61$15.0035.7%10.2%33.1%15.0%35.3%3.3%-0.3%-586.2K-3.8M-113.2K0.428.652,31297135,87126,414
2019-12-23$14.20$15.0038.0%11.4%33.7%21.6%38.1%2.5%-0.7%-313.4K2.2M-108.7K0.8710.201,6621,44927,16421,608
2019-12-24$14.31$15.0038.2%11.4%33.6%22.3%38.0%2.4%-0.6%-314.2K1.3M-110.3K4.8713.065022,44728,07022,666
2019-12-26$14.61$15.0037.3%11.0%34.5%19.6%37.5%3.6%0.3%-489.4K99.6K-113.0K0.6211.7379349228,43524,822
2019-12-27$14.47$15.0040.0%11.8%34.2%27.7%42.8%4.2%-1.8%-308.2K1.4M-112.0K0.4417.367,5293,33028,86225,157
2019-12-30$14.57$15.0040.0%12.2%34.3%27.5%42.6%2.7%-1.0%131.3K-3.5M-117.1K0.229.463,82782834,14526,582
2019-12-31$14.72$15.0038.9%12.1%34.6%24.2%42.1%2.5%1.5%502.9K-8.1M-117.1K0.328.922,63985135,91726,948