AEO Options History — January 2020

In January 2020, AEO traded between $14.10 and $14.85. ATM implied volatility averaged 39.5%, placing in the 26.2% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 8.3% (HV 20d: 31.2%). Max pain ranged from $14.50 to $15.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 3.67.

Notable Days

  • 2020-01-02: Highest Volume — 38,345 contracts
  • 2020-01-13: Largest IV drop — 14.2% change
  • 2020-01-08: Highest IV Rank — 47.5%
  • 2020-01-03: Largest Expected Move — 14.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.51$14.10$14.85$14.15$14.39
Max Pain$14.83$14.50$15.00$15.00$14.50
ATM IV39.5%33.4%46.8%45.3%42.7%
Expected Move11.1%9.3%14.6%14.4%11.4%
HV 20d31.2%26.4%37.2%37.1%27.0%
HV 60d34.4%32.4%36.3%36.3%32.4%
IV Rank26.2%8.2%47.5%43.0%35.5%
IV Percentile33.4%7.5%64.3%59.5%47.6%
Term Structure2.0%-3.1%12.4%-2.1%11.1%
VWIV38.9%33.0%54.0%52.5%39.9%
Skew 25d5.2%2.9%7.3%5.1%5.3%
Skew 10d17.6%2.6%28.0%23.3%16.8%
Call IV 25d36.6%31.1%43.7%41.5%35.8%
Put IV 25d41.8%35.6%50.2%46.6%41.1%
Bid-Ask Spread %12.007.8127.8714.6115.63
Gamma HHI0.220.110.370.270.11
Net GEX-520.8K-2.3M550.9K189.8K-21.1K
Net DEX-3.2M-11.2M13.1M3.3M-7.0M
Net VEX-113.6K-135.3K-99.7K-114.5K-102.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.670.2913.9413.942.97
Total Volume6,116.33394438,34538,3451,305
Total OI64,414.1935,01893,23563,19139,221

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-01-02$14.15$15.0045.3%14.4%37.1%43.0%52.5%5.1%-2.1%189.8K3.3M-114.5K13.9414.612,56735,77835,96427,227
2020-01-03$14.41$14.5043.6%14.6%37.2%38.3%54.0%6.2%0.4%550.9K3.6M-135.0K7.7811.701,38910,80837,61845,484
2020-01-06$14.40$15.0044.1%11.9%37.2%39.5%40.3%6.6%-0.3%-1.1M3.8M-132.4K2.7411.951,1213,06931,55546,274
2020-01-07$14.31$15.0043.3%11.8%37.1%37.2%39.8%7.3%-0.4%-1.2M5.6M-131.0K2.7413.061,4443,95632,28047,867
2020-01-08$14.48$15.0046.8%12.7%37.1%47.5%43.5%7.3%-1.7%-1.0M2.5M-132.5K7.817.811,60812,55633,21848,839
2020-01-09$14.38$15.0044.5%12.3%36.8%40.7%41.8%4.8%-0.6%-1.4M6.3M-135.3K4.4615.381,9958,90234,41056,232
2020-01-10$14.10$15.0046.4%12.2%30.2%46.5%42.1%6.5%-0.3%-2.2M13.1M-134.4K7.8411.401,1458,98035,13758,098
2020-01-13$14.49$15.0039.8%11.0%26.9%27.1%37.2%4.9%-2.7%-1.9M2.4M-119.7K2.0815.373,3917,05732,09656,910
2020-01-14$14.70$15.0038.6%10.0%26.4%23.5%37.9%5.7%-3.1%-968.7K-7.2M-114.0K0.948.581,3011,22133,06256,330
2020-01-15$14.28$15.0037.6%10.6%28.3%20.7%34.6%2.9%-0.5%-2.3M2.3M-111.3K10.6610.933934,18833,74256,581
2020-01-16$14.68$15.0035.0%9.3%30.1%12.9%33.0%5.8%-2.4%-190.8K-9.4M-105.6K1.4111.6648768733,83855,658
2020-01-17$14.69$15.0033.4%9.4%29.8%8.2%34.2%5.3%-0.4%-68.3K-10.1M-101.4K1.068.1970775233,85252,781
2020-01-21$14.40$15.0034.9%10.0%30.6%12.7%35.2%4.0%-0.7%7.9K-8.2M-99.7K1.669.011,0531,75320,96714,051
2020-01-22$14.66$15.0034.2%9.8%31.2%10.6%34.2%3.3%1.4%57.5K-9.6M-101.1K0.8310.761,00183221,75115,249
2020-01-23$14.68$15.0035.4%10.1%29.3%14.0%35.3%5.0%-0.3%120.4K-9.9M-101.9K1.669.0451485322,48315,489
2020-01-24$14.52$14.5036.0%10.5%29.5%15.9%36.0%4.2%-1.1%81.1K-8.8M-103.2K0.818.2760248722,54916,240
2020-01-27$14.55$14.5039.0%10.9%28.6%24.6%38.0%3.9%9.3%69.3K-8.9M-102.0K1.078.8154558521,94514,569
2020-01-28$14.72$14.5036.2%10.2%28.6%16.4%35.4%4.2%12.4%104.2K-9.9M-102.6K0.298.2473321122,22214,955
2020-01-29$14.78$14.5034.9%10.2%28.6%12.6%36.2%4.4%12.3%165.6K-10.7M-103.3K0.9413.6855652122,73015,066
2020-01-30$14.85$14.5038.5%10.5%28.4%23.1%36.4%6.4%11.0%221.9K-11.2M-102.7K3.4827.873101,08022,90415,254
2020-01-31$14.39$14.5042.7%11.4%27.0%35.5%39.9%5.3%11.1%-21.1K-7.0M-102.7K2.9715.6332997623,02916,192