AEO Options History — May 2021

In May 2021, AEO traded between $32.75 and $37.18. ATM implied volatility averaged 52.0%, placing in the 8.8% IV rank vs the trailing year. The 30-day expected move averaged 14.5%. IV traded above realized volatility by 4.4% (HV 20d: 47.6%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.77.

Notable Days

  • 2021-05-26: Highest Volume — 20,491 contracts
  • 2021-05-27: Largest IV drop — 12.1% change
  • 2021-05-19: Highest IV Rank — 12.5%
  • 2021-05-21: Largest Expected Move — 16.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.21$32.75$37.18$36.31$35.43
Max Pain$31.95$30.00$35.00$30.00$31.00
ATM IV52.0%40.8%57.2%46.9%40.8%
Expected Move14.5%11.2%16.7%11.2%12.3%
HV 20d47.6%43.2%52.8%43.6%49.5%
HV 60d46.8%44.5%49.2%44.6%46.8%
IV Rank8.8%0.7%12.5%5.1%0.7%
IV Percentile22.9%0.4%35.3%10.3%0.4%
Term Structure0.2%-4.1%19.6%5.6%2.6%
VWIV52.0%40.0%60.1%40.0%44.3%
Skew 25d-0.3%-17.7%8.5%-1.5%-4.5%
Skew 10d9.3%-11.7%39.8%7.8%16.6%
Call IV 25d55.4%46.6%76.8%49.8%50.2%
Put IV 25d55.1%45.7%61.4%48.2%45.7%
Bid-Ask Spread %35.6923.9561.4261.4257.96
Gamma HHI0.100.070.140.110.11
Net GEX-629-1.3M1.3M99.4K979.7K
Net DEX-34.7M-61.2M-5.6M-40.7M-50.1M
Net VEX-186.2K-222.7K-147.2K-151.7K-208.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.292.430.650.34
Total Volume6,471.11,37020,4913,8614,956
Total OI73,154.961,34389,42961,59085,463

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-05-03$36.31$30.0046.9%11.2%43.6%5.1%40.0%-1.5%5.6%99.4K-40.7M-151.7K0.6561.422,3381,52322,46639,124
2021-05-04$35.70$30.0049.9%12.4%44.5%7.2%42.8%8.5%1.8%-195.1K-34.6M-162.2K0.9760.2869567522,90340,469
2021-05-05$35.90$30.0050.5%11.3%44.1%7.7%40.5%0.2%-1.3%-42.2K-37.1M-160.0K0.5754.7496054623,22240,576
2021-05-06$36.01$35.0051.9%14.2%44.1%8.7%50.0%2.3%-1.9%335.9K-39.4M-157.9K0.7129.491,21085523,61740,715
2021-05-07$36.74$35.0051.6%13.9%43.5%8.5%49.0%2.3%-2.5%577.2K-47.2M-147.9K1.0632.261,1291,19423,69141,249
2021-05-10$37.06$35.0052.1%14.5%43.2%8.8%51.3%1.4%-1.8%253.3K-45.3M-147.2K0.3023.953,8341,16022,30139,042
2021-05-11$35.55$35.0052.8%14.7%45.5%9.3%51.6%-2.5%-2.5%-16.3K-34.1M-168.8K1.4233.274,8666,89224,68239,613
2021-05-12$33.95$35.0055.9%15.8%48.7%11.6%57.3%-2.9%-1.3%-179.0K-21.7M-175.7K0.2927.718,7122,49028,19940,881
2021-05-13$34.69$34.0053.2%15.4%46.9%9.6%53.8%3.5%1.4%-169.3K-32.1M-178.6K0.6731.914,0772,71329,81541,677
2021-05-14$36.49$33.0052.7%14.8%50.2%9.2%56.1%-1.5%-2.3%630.0K-56.9M-192.3K2.4326.572,0995,10032,27442,884
2021-05-17$37.18$30.0055.6%15.8%50.1%11.4%56.0%1.5%-2.4%718.5K-61.2M-186.3K0.4826.431,92191431,38646,128
2021-05-18$35.91$31.0054.9%15.7%51.5%10.8%56.7%1.5%-3.6%-172.7K-44.2M-196.6K0.9326.794,0533,76431,62547,546
2021-05-19$34.53$31.0057.2%16.4%51.3%12.5%57.9%4.6%-4.1%-785.0K-26.5M-222.7K0.5023.964,7462,37934,06348,919
2021-05-20$33.02$31.0055.6%16.0%52.8%11.3%59.3%0.9%-0.1%-1.3M-8.1M-215.8K0.5927.333,1131,83837,03449,829
2021-05-21$32.75$30.0056.7%16.7%51.0%12.1%60.1%1.0%-3.8%-1.0M-5.6M-215.5K0.6025.403,6692,21639,03350,396
2021-05-24$32.89$30.0052.6%15.3%46.2%9.1%55.5%1.2%-1.3%-599.3K-8.4M-208.6K1.0230.722,4082,45927,08141,890
2021-05-25$33.27$30.0051.7%15.5%45.7%8.6%56.1%0.6%-0.7%-545.0K-12.3M-209.8K0.4224.082,7661,14928,03443,562
2021-05-26$35.08$31.0052.0%15.9%49.8%8.8%55.6%-17.7%1.9%102.0K-35.8M-216.8K0.9350.7310,6019,89030,22644,267
2021-05-27$35.73$32.0045.8%12.6%50.0%4.2%45.4%-4.1%19.6%1.3M-53.6M-201.4K0.6138.818,4155,09736,56750,649
2021-05-28$35.43$31.0040.8%12.3%49.5%0.7%44.3%-4.5%2.6%979.7K-50.1M-208.4K0.3457.963,7071,24935,73449,729