AEO Options History — February 2022

In February 2022, AEO traded between $20.05 and $23.67. ATM implied volatility averaged 61.9%, placing in the 91.0% IV rank vs the trailing year. The 30-day expected move averaged 17.8%. IV traded above realized volatility by 14.4% (HV 20d: 47.5%). Max pain ranged from $20.00 to $23.00. Net GEX was positive for 11 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.96.

Notable Days

  • 2022-02-10: Highest Volume — 11,588 contracts
  • 2022-02-28: Largest IV spike — 9.9% change
  • 2022-02-22: Highest IV Rank — 100.0%
  • 2022-02-28: Largest Expected Move — 21.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.23$20.05$23.67$23.26$20.98
Max Pain$21.63$20.00$23.00$23.00$22.00
ATM IV61.9%57.7%68.1%58.6%68.1%
Expected Move17.8%15.2%21.7%15.2%21.7%
HV 20d47.5%39.4%51.1%50.7%39.8%
HV 60d48.4%47.0%49.5%49.1%48.0%
IV Rank91.0%75.9%100.0%79.2%100.0%
IV Percentile96.4%87.3%100.0%89.7%100.0%
Term Structure-1.6%-4.4%0.9%-1.7%0.9%
VWIV62.2%53.9%74.3%53.9%74.3%
Skew 25d6.1%0.2%11.0%11.0%7.7%
Skew 10d14.3%9.3%17.9%17.1%11.8%
Call IV 25d60.4%55.8%63.2%55.9%63.2%
Put IV 25d66.5%59.6%70.9%66.9%70.9%
Bid-Ask Spread %19.608.3930.1410.0723.76
Gamma HHI0.090.070.140.080.08
Net GEX86.0K-338.5K579.9K424.5K120.3K
Net DEX1.7M-13.0M20.0M-7.2M4.2M
Net VEX-258.2K-280.1K-213.9K-269.0K-236.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.452.141.322.14
Total Volume7,233.3164,98111,58810,7379,691
Total OI74,161.94759,00682,93072,46461,350

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-02-01$23.26$23.0058.6%15.2%50.7%79.2%53.9%11.0%-1.7%424.5K-7.2M-269.0K1.3210.074,6216,11641,06831,396
2022-02-02$22.93$23.0062.1%15.5%50.5%92.6%55.5%0.2%-4.4%334.7K-3.7M-268.8K1.098.393,1673,46041,62432,193
2022-02-03$22.36$20.0061.6%17.5%49.9%90.7%62.3%9.3%-3.4%73.4K2.9M-263.8K1.2519.593,2794,11241,78433,747
2022-02-04$22.55$20.0061.9%17.3%50.1%91.7%63.2%6.3%-1.2%141.6K2.6M-273.1K1.0321.144,1694,28942,13235,407
2022-02-07$22.71$20.0062.7%17.5%50.1%94.8%64.9%5.8%-1.7%159.9K-659.4K-272.2K0.8722.784,0813,55940,99334,154
2022-02-08$23.44$20.0059.9%17.2%50.7%84.3%58.0%3.7%0.8%450.5K-9.7M-280.0K1.0221.443,1113,18042,31634,614
2022-02-09$23.58$21.0057.7%16.3%50.0%75.9%56.6%6.3%-0.6%503.2K-11.4M-280.1K0.6815.002,9582,02343,19735,277
2022-02-10$23.67$22.0059.8%16.6%49.3%83.7%57.6%6.4%-0.7%579.9K-13.0M-277.6K0.5117.037,6913,89743,46935,613
2022-02-11$22.62$22.0063.1%17.8%51.1%96.4%62.3%4.8%-0.6%87.7K1.2M-275.1K0.6421.814,4362,85346,08336,847
2022-02-14$22.66$22.0062.8%17.7%51.1%95.4%63.7%6.8%-2.3%-50.9K1.7M-270.4K0.4522.654,4361,99443,75536,383
2022-02-15$22.87$22.0061.1%17.5%50.7%88.8%60.9%5.0%-2.4%40.2K-1.8M-271.9K0.7422.343,2882,43944,61736,578
2022-02-16$22.71$22.0060.1%17.2%50.7%85.1%60.1%4.6%-2.2%-112.9K1.3M-264.8K1.0713.382,9993,21944,93537,412
2022-02-17$21.70$22.0062.0%17.9%47.9%92.2%62.5%6.4%-1.9%-338.5K14.5M-245.3K1.0630.142,5962,76245,36036,498
2022-02-18$21.25$22.0062.4%18.2%48.4%93.8%63.0%4.1%-3.5%-45.1K20.0M-236.9K0.8522.243,6143,08245,79736,695
2022-02-22$20.91$22.0064.1%19.2%39.5%100.0%65.9%6.4%-0.8%-150.1K7.4M-228.7K0.5021.454,1832,07731,74927,257
2022-02-23$20.05$22.0063.7%19.4%39.4%98.7%66.1%6.7%-2.4%-152.0K12.8M-213.9K0.6715.843,4132,30033,43427,923
2022-02-24$20.91$22.0062.5%19.0%40.9%94.1%66.1%7.0%-1.3%-128.8K6.6M-235.6K1.3629.493,1854,34734,86128,142
2022-02-25$21.21$22.0061.9%18.9%41.3%91.9%64.2%7.6%-1.8%-303.1K4.7M-241.5K0.9813.963,4413,36535,39229,025
2022-02-28$20.98$22.0068.1%21.7%39.8%100.0%74.3%7.7%0.9%120.3K4.2M-236.8K2.1423.763,0876,60434,29627,054