AEO Options History — March 2021

In March 2021, AEO traded between $25.15 and $30.53. ATM implied volatility averaged 49.2%, placing in the 19.5% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded above realized volatility by 4.0% (HV 20d: 45.2%). Max pain ranged from $23.00 to $29.00. Net GEX was positive for 20 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 1.86.

Notable Days

  • 2021-03-04: Highest Volume — 25,053 contracts
  • 2021-03-05: Largest IV drop — 13.5% change
  • 2021-03-01: Highest IV Rank — 23.6%
  • 2021-03-03: Largest Expected Move — 19.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.61$25.15$30.53$26.30$29.41
Max Pain$26.91$23.00$29.00$23.00$29.00
ATM IV49.2%41.8%61.2%61.2%45.4%
Expected Move14.1%11.8%19.3%18.4%12.3%
HV 20d45.2%31.5%55.6%31.5%54.5%
HV 60d39.4%34.0%44.3%34.0%44.1%
IV Rank19.5%16.4%23.6%23.6%18.5%
IV Percentile7.4%1.2%31.3%31.3%3.6%
Term Structure-1.3%-14.3%1.5%-1.5%-0.2%
VWIV49.5%42.3%69.5%65.0%45.1%
Skew 25d-0.4%-66.5%15.3%2.0%2.9%
Skew 10d11.7%-6.1%39.3%6.1%14.6%
Call IV 25d52.8%42.2%113.2%59.5%44.9%
Put IV 25d52.4%44.3%69.0%61.5%47.8%
Bid-Ask Spread %39.8522.5574.8823.0122.55
Gamma HHI0.190.090.940.100.16
Net GEX3.0M-190.9K14.8M1.6M293.8K
Net DEX-52.3M-103.6M-3.0M-42.4M-19.0M
Net VEX-156.8K-189.9K-130.4K-189.9K-135.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.860.098.131.130.29
Total Volume7,456.08772125,0534,858721
Total OI79,09349,349111,92091,89550,681

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-03-01$26.30$23.0061.2%18.4%31.5%23.6%65.0%2.0%-1.5%1.6M-42.4M-189.9K1.1323.012,2812,57756,15735,738
2021-03-02$25.15$23.0060.5%18.9%36.1%23.2%69.5%2.8%-1.2%949.2K-26.8M-189.1K0.7324.645,4403,98557,36837,852
2021-03-03$25.80$23.0060.1%19.3%35.7%23.1%66.2%7.7%-1.0%1.4M-35.1M-189.0K0.9647.575,7325,49062,31339,561
2021-03-04$27.64$25.0058.1%15.2%41.4%22.1%53.1%1.5%-14.3%3.1M-71.3M-185.8K0.7472.7514,37110,68266,55744,205
2021-03-05$28.40$26.0050.3%14.4%40.9%18.4%50.9%1.1%-1.4%4.2M-92.2M-179.9K0.3129.694,6451,42966,86245,058
2021-03-08$29.72$26.0055.5%15.1%42.9%20.9%51.9%15.3%-3.8%4.5M-101.3M-175.2K0.2429.005,5861,34960,50429,112
2021-03-09$29.19$26.0051.0%14.2%43.5%18.7%50.8%3.1%-3.5%4.5M-92.6M-170.8K0.2032.613,71075460,77029,807
2021-03-10$29.82$27.0051.1%13.9%43.2%18.8%49.5%1.1%-3.8%4.7M-103.6M-168.7K0.0932.664,83643060,59031,240
2021-03-11$29.29$27.0049.8%14.1%44.2%18.1%49.4%1.8%-0.9%4.5M-67.4M-163.8K6.9135.539896,83652,56431,536
2021-03-12$29.78$27.0048.5%13.9%44.3%17.5%49.4%-4.7%0.9%4.7M-78.4M-170.7K0.2349.342,61561052,91636,693
2021-03-15$30.53$28.0048.1%13.7%43.4%21.2%49.2%1.7%0.4%5.4M-90.5M-143.9K0.9649.971,9381,85750,80635,004
2021-03-16$30.30$28.0047.2%13.5%43.1%20.7%48.1%1.2%0.3%5.2M-85.1M-139.4K1.7639.191,4572,57151,43636,223
2021-03-17$30.29$28.0046.9%13.5%42.4%20.5%46.5%0.7%-0.9%5.0M-84.0M-137.0K3.0753.621,6955,20751,37938,463
2021-03-18$29.66$28.0046.3%13.3%43.3%20.2%47.4%0.3%-2.4%4.6M-62.1M-145.5K1.3035.2610,04513,09951,19844,283
2021-03-19$29.98$28.0043.9%12.6%43.3%18.8%43.3%0.5%-1.1%14.8M-68.4M-140.4K1.4538.879,83414,30546,25044,793
2021-03-22$28.80$28.0043.2%12.3%46.6%17.2%42.3%0.6%1.0%92.8K-15.4M-141.8K0.9131.002,5062,27016,16533,353
2021-03-23$27.09$28.0041.8%11.8%52.4%16.4%44.5%4.2%0.7%-10.8K-5.4M-139.8K2.2142.317051,55618,03433,640
2021-03-24$26.76$28.0043.1%12.6%50.6%17.2%42.3%-66.5%0.9%-190.9K-3.0M-143.6K6.8074.883402,31118,31034,537
2021-03-25$28.25$28.0044.8%12.3%53.1%18.2%44.0%4.7%1.5%94.4K-13.0M-145.8K8.1332.826695,43618,39636,363
2021-03-26$28.95$28.0044.3%12.2%53.4%17.9%42.6%2.9%-0.3%123.0K-18.8M-141.3K2.8339.228182,31918,70034,600
2021-03-29$27.81$28.0045.9%14.1%55.6%18.8%43.1%3.5%0.2%-109.3K-9.2M-139.2K0.8643.231,7071,47517,72431,625
2021-03-30$29.21$29.0044.3%13.1%54.9%17.9%44.4%2.9%0.8%152.1K-17.9M-130.4K0.6836.731,37492817,60832,165
2021-03-31$29.41$29.0045.4%12.3%54.5%18.5%45.1%2.9%-0.2%293.8K-19.0M-135.0K0.2922.5555716418,19232,489