AEO Options History — January 2022

In January 2022, AEO traded between $21.41 and $25.52. ATM implied volatility averaged 53.5%, placing in the 39.3% IV rank vs the trailing year. The 30-day expected move averaged 15.2%. IV traded above realized volatility by 6.2% (HV 20d: 47.3%). Max pain ranged from $23.00 to $25.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.69.

Notable Days

  • 2022-01-10: Highest Volume — 36,144 contracts
  • 2022-01-05: Largest IV spike — 15.8% change
  • 2022-01-31: Highest IV Rank — 73.4%
  • 2022-01-24: Largest Expected Move — 17.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.45$21.41$25.52$25.27$22.57
Max Pain$23.43$23.00$25.00$24.50$23.00
ATM IV53.5%47.2%61.8%51.2%60.7%
Expected Move15.2%13.6%17.2%14.4%15.9%
HV 20d47.3%36.9%56.3%56.3%49.0%
HV 60d46.8%45.0%50.7%45.0%48.6%
IV Rank39.3%21.9%73.4%31.0%73.4%
IV Percentile68.2%41.3%97.2%57.1%96.0%
Term Structure1.3%-5.3%14.1%-5.3%-3.6%
VWIV52.8%47.3%59.8%52.4%54.4%
Skew 25d5.5%0.5%23.3%4.7%0.5%
Skew 10d10.6%2.9%19.4%7.5%13.2%
Call IV 25d51.6%45.7%62.4%47.7%62.4%
Put IV 25d57.1%50.9%79.6%52.4%62.9%
Bid-Ask Spread %25.027.6952.4925.0412.67
Gamma HHI0.180.070.340.220.07
Net GEX1.8M-843.0K5.5M3.4M272.1K
Net DEX-10.4M-46.4M30.8M-44.8M351.6K
Net VEX-268.0K-321.2K-214.6K-313.3K-246.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.161.520.791.00
Total Volume15,428.757,71736,14416,70610,198
Total OI115,068.565,324158,579123,14869,244

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-01-03$25.27$24.5051.2%14.4%56.3%31.0%52.4%4.7%-5.3%3.4M-44.8M-313.3K0.7925.049,3587,34879,01044,138
2022-01-04$25.52$25.0050.1%15.4%53.9%28.4%54.6%3.8%-0.7%3.3M-46.4M-321.2K0.3441.1110,2143,52479,57249,869
2022-01-05$24.67$25.0058.0%15.7%54.0%46.6%54.7%4.7%0.7%2.7M-26.1M-311.6K0.3244.7113,3514,25484,46251,415
2022-01-06$24.36$24.0051.7%14.1%54.0%32.2%48.4%3.0%-0.9%2.6M-19.5M-307.5K0.1852.4925,5214,68288,66752,569
2022-01-07$24.08$24.0050.6%14.0%53.4%29.6%50.8%2.4%-0.1%2.1M-15.9M-300.9K0.8148.5012,91310,45694,31152,408
2022-01-10$23.44$24.0053.5%14.9%52.9%36.2%51.7%4.8%-1.2%2.1M-8.2M-281.6K0.1619.0431,2374,90789,87749,853
2022-01-11$24.00$23.0049.4%14.0%41.9%26.9%47.3%3.4%-0.2%4.4M-37.9M-296.9K0.1749.3828,7264,91599,34450,887
2022-01-12$23.43$23.0049.1%13.6%42.8%26.1%47.6%1.2%-1.2%3.6M-7.6M-266.8K0.5718.898,6064,933102,15153,460
2022-01-13$23.96$23.0047.4%13.6%43.6%22.2%47.8%4.2%-0.0%5.5M-28.5M-276.5K0.9136.117,4376,756100,73654,901
2022-01-14$23.76$23.0047.2%13.7%39.6%21.9%47.6%6.3%1.1%3.3M-11.2M-264.7K0.5213.739,1154,784100,38558,194
2022-01-18$23.25$23.0050.6%14.5%40.3%29.6%52.6%4.9%-1.2%651.1K4.9M-249.1K1.4412.204,2406,09064,52845,639
2022-01-19$23.05$23.0050.4%14.4%36.9%29.2%50.9%4.4%-0.9%358.4K11.6M-243.0K0.8110.674,6193,74165,41747,345
2022-01-20$21.61$23.0051.0%14.7%41.0%30.7%49.6%6.3%-0.3%-843.0K30.3M-214.6K1.259.983,9064,89265,60747,450
2022-01-21$21.41$23.0055.6%15.9%41.1%41.0%55.3%5.7%-0.0%-337.7K30.8M-216.7K0.9840.315,8615,76466,57547,189
2022-01-24$23.08$23.0057.4%17.2%49.5%45.3%58.8%6.2%14.1%308.0K-8.2M-252.3K0.5121.006,7803,42438,26827,056
2022-01-25$23.77$23.0056.6%16.7%49.4%43.5%59.8%6.3%6.5%578.2K-17.0M-263.9K0.5112.535,6182,87140,93827,745
2022-01-26$22.75$23.0061.8%17.0%51.0%55.3%55.8%23.3%1.7%542.4K-7.2M-251.1K0.4413.386,4292,83342,24627,963
2022-01-27$22.91$23.0058.2%16.9%47.4%65.5%57.6%7.6%8.1%565.3K-7.4M-249.1K0.5811.074,8812,83643,07227,991
2022-01-28$22.14$23.0060.0%16.6%48.2%71.1%57.5%6.8%10.6%79.0K864.2K-233.2K1.527.694,1946,36142,67128,217
2022-01-31$22.57$23.0060.7%15.9%49.0%73.4%54.4%0.5%-3.6%272.1K351.6K-246.5K1.0012.675,0925,10639,09930,145