AEO Options History — August 2021

In August 2021, AEO traded between $30.39 and $35.47. ATM implied volatility averaged 53.5%, placing in the 24.0% IV rank vs the trailing year. The 30-day expected move averaged 15.4%. IV traded above realized volatility by 11.4% (HV 20d: 42.1%). Max pain ranged from $33.00 to $35.00. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.83.

Notable Days

  • 2021-08-24: Highest Volume — 51,516 contracts
  • 2021-08-05: Largest IV spike — 14.8% change
  • 2021-08-19: Highest IV Rank — 34.5%
  • 2021-08-26: Largest Expected Move — 17.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.91$30.39$35.47$34.76$30.39
Max Pain$33.73$33.00$35.00$34.00$33.00
ATM IV53.5%48.9%56.6%49.8%56.4%
Expected Move15.4%13.1%17.5%13.3%17.4%
HV 20d42.1%37.6%54.3%38.9%54.3%
HV 60d40.7%38.7%43.7%41.0%43.7%
IV Rank24.0%9.8%34.5%10.5%34.1%
IV Percentile48.8%28.6%61.5%30.2%61.1%
Term Structure-1.1%-3.0%4.9%-2.5%-0.8%
VWIV55.1%45.5%63.8%46.5%63.2%
Skew 25d2.6%-4.0%7.7%1.7%2.7%
Skew 10d5.9%-0.4%17.7%13.9%2.1%
Call IV 25d54.3%50.3%59.7%50.3%56.7%
Put IV 25d56.9%46.8%60.8%52.0%59.4%
Bid-Ask Spread %22.249.4656.5840.0324.94
Gamma HHI0.110.080.140.110.09
Net GEX571.4K-2.5M3.0M2.8M823.8K
Net DEX-16.4M-76.6M43.1M-65.3M-749.9K
Net VEX-364.8K-424.6K-318.5K-341.7K-382.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.262.650.270.92
Total Volume19,664.1365,07951,51613,08915,698
Total OI130,745.04590,001156,413110,713144,147

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-08-02$34.76$34.0049.8%13.3%38.9%10.5%46.5%1.7%-2.5%2.8M-65.3M-341.7K0.2740.0310,2862,80358,63052,083
2021-08-03$34.34$34.0049.7%13.1%39.0%10.4%45.5%-4.0%2.4%2.2M-46.9M-349.6K2.1633.163,2156,93257,65849,563
2021-08-04$32.84$34.0048.9%15.0%38.5%9.8%54.2%7.7%4.9%1.1M-18.5M-345.8K0.9856.5818,80118,47759,13950,691
2021-08-05$33.49$35.0056.1%15.8%39.3%16.1%54.3%5.2%-2.6%1.2M-24.4M-370.0K0.2912.417,2772,09560,38156,397
2021-08-06$34.42$34.0053.1%14.5%38.2%13.4%51.3%5.5%-2.0%2.6M-43.2M-424.6K0.2616.244,0181,06167,62071,162
2021-08-09$33.72$34.0053.5%14.7%37.6%13.7%52.5%3.4%-1.3%350.7K-21.3M-394.2K1.1321.815,5346,23960,69768,675
2021-08-10$35.18$34.0052.0%14.4%40.6%12.5%56.3%3.0%-2.1%1.7M-56.7M-390.3K1.3621.648,21911,19859,95668,836
2021-08-11$35.47$34.0052.1%14.3%40.8%12.5%50.5%3.1%-2.2%3.0M-76.6M-390.6K1.1420.073,0913,51166,08773,899
2021-08-12$33.92$34.0053.2%15.1%39.1%28.4%52.2%3.1%-1.0%759.7K-30.0M-378.5K0.3123.1410,4933,28665,32375,482
2021-08-13$33.10$35.0052.8%15.0%38.8%27.6%51.7%3.7%-1.1%-576.9K-1.7M-362.7K0.8717.894,5793,97166,80777,988
2021-08-16$32.12$34.0052.5%14.8%40.2%27.0%52.6%1.9%-0.8%-1.4M16.3M-347.8K1.2917.614,6035,91867,94671,985
2021-08-17$30.89$34.0054.0%15.4%39.0%29.7%54.3%2.0%-1.8%-1.7M43.1M-318.5K0.6112.126,3803,88169,33172,832
2021-08-18$31.43$34.0054.0%15.5%38.9%29.9%54.2%1.5%-2.8%-2.2M37.9M-338.1K0.7310.694,2283,07570,91977,115
2021-08-19$31.70$34.0056.6%16.3%38.9%34.5%57.8%2.1%0.3%-2.5M34.0M-331.4K0.5410.758,1724,38470,48378,602
2021-08-20$32.32$33.0054.1%15.7%39.8%29.9%55.6%2.8%-1.3%-789.2K26.1M-329.1K2.659.465,53514,64272,03178,992
2021-08-23$32.77$33.0052.4%15.3%39.5%26.8%54.5%2.8%-1.1%78.9K-18.9M-324.7K0.9016.798,4217,58744,37245,629
2021-08-24$34.05$33.0053.6%16.0%41.9%29.0%57.7%2.5%-2.9%723.8K-41.4M-347.2K0.2916.6639,84311,67347,66353,433
2021-08-25$31.66$33.0053.8%16.3%49.1%29.5%60.5%1.8%-0.7%-60.6K-6.7M-348.0K0.3636.8034,04512,10453,93955,269
2021-08-26$31.13$33.0056.3%17.5%49.3%34.0%62.2%0.3%-1.4%21.8K5.8M-368.2K0.4819.0728,52413,63677,68460,556
2021-08-27$32.56$33.0056.3%17.1%52.4%33.9%60.1%0.2%-3.0%1.9M-30.8M-421.7K0.3725.4523,4508,77686,18570,228
2021-08-30$31.72$33.0056.5%17.5%52.6%34.4%63.8%3.6%-1.0%2.4M-40.0M-420.9K0.4425.9622,87910,07180,18259,794
2021-08-31$30.39$33.0056.4%17.4%54.3%34.1%63.2%2.7%-0.8%823.8K-749.9K-382.2K0.9224.948,1637,53580,27563,872