AEO Options History — April 2022

In April 2022, AEO traded between $14.93 and $17.81. ATM implied volatility averaged 55.9%, placing in the 55.4% IV rank vs the trailing year. The 30-day expected move averaged 15.4%. IV traded above realized volatility by 2.0% (HV 20d: 53.9%). Max pain ranged from $17.00 to $19.00. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.89.

Notable Days

  • 2022-04-22: Highest Volume — 21,193 contracts
  • 2022-04-25: Largest IV spike — 11.8% change
  • 2022-04-26: Highest IV Rank — 100.0%
  • 2022-04-26: Largest Expected Move — 18.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.34$14.93$17.81$16.04$15.18
Max Pain$17.73$17.00$19.00$19.00$17.00
ATM IV55.9%48.0%72.5%49.3%70.5%
Expected Move15.4%13.9%18.2%14.2%17.7%
HV 20d53.9%46.3%63.8%63.8%54.6%
HV 60d56.8%54.3%57.9%56.7%57.5%
IV Rank55.4%32.3%100.0%36.1%94.1%
IV Percentile64.2%36.5%100.0%45.6%99.2%
Term Structure1.3%-3.7%9.5%-0.0%-1.1%
VWIV54.7%47.3%62.2%49.1%61.9%
Skew 25d7.6%5.6%15.6%6.8%15.6%
Skew 10d13.8%10.0%19.5%11.2%19.5%
Call IV 25d53.0%45.2%70.1%46.8%61.1%
Put IV 25d60.6%52.2%79.3%53.6%76.8%
Bid-Ask Spread %7.714.5114.987.626.37
Gamma HHI0.130.070.320.220.10
Net GEX84.1K-564.9K783.0K-404.8K45.3K
Net DEX11.2M-5.6M23.9M23.9M17.0M
Net VEX-227.5K-278.1K-180.4K-180.4K-220.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.343.470.731.25
Total Volume9,756.53,55321,19310,2229,742
Total OI101,797.0587,017112,10589,025112,105

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-04-01$16.04$19.0049.3%14.2%63.8%36.1%49.1%6.8%-0.0%-404.8K23.9M-180.4K0.737.625,8934,32950,73638,289
2022-04-04$16.38$19.0049.1%14.0%58.1%35.6%47.3%7.0%-0.4%-70.8K18.5M-194.7K0.639.114,1482,61751,62335,394
2022-04-05$16.01$19.0048.7%14.1%54.1%34.4%48.0%6.3%0.6%-107.3K20.9M-186.1K0.886.763,9193,44052,80636,010
2022-04-06$15.79$19.0048.0%14.2%52.5%32.3%55.7%6.4%0.9%-163.1K22.6M-182.5K0.787.065,1654,03553,73836,555
2022-04-07$15.94$17.0050.5%14.4%52.9%39.9%55.0%8.0%-0.6%-126.9K19.6M-192.0K1.519.863,8925,87955,39137,353
2022-04-08$16.30$17.0051.8%15.5%52.9%43.9%59.2%5.7%1.2%-146.5K15.9M-212.1K0.4210.5913,9075,79255,75740,118
2022-04-11$16.50$17.0054.6%15.5%52.8%52.8%58.1%6.2%-0.7%163.1K7.6M-238.7K0.457.958,0683,62563,37441,949
2022-04-12$16.65$17.0050.7%14.7%52.7%40.6%57.0%6.4%0.4%178.6K7.6M-237.0K0.584.814,8292,80563,11742,892
2022-04-13$17.52$17.0048.1%13.9%54.1%32.5%47.4%5.6%0.1%652.7K-3.9M-254.0K0.544.516,4843,49263,59243,079
2022-04-14$17.54$17.0049.2%14.1%53.5%35.8%47.8%7.8%-1.1%783.0K-5.6M-258.9K0.404.728,3523,32564,32943,604
2022-04-18$17.52$18.0050.5%14.7%52.8%40.0%50.8%6.4%7.3%259.1K-339.7K-256.7K0.347.737,3962,48258,47538,152
2022-04-19$17.74$18.0049.0%14.1%47.0%35.3%49.3%6.5%6.3%436.8K-4.0M-268.4K0.606.745,8233,49861,71938,790
2022-04-20$17.81$18.0051.0%14.6%46.4%41.7%50.9%6.2%6.1%482.3K-4.9M-278.1K0.616.314,6602,82564,48739,846
2022-04-21$16.99$18.0054.8%15.2%46.3%53.3%52.6%6.8%9.5%103.5K4.9M-259.6K0.496.815,5422,73166,55940,741
2022-04-22$15.45$18.0061.0%16.7%57.0%72.6%58.1%7.9%8.9%-564.9K18.6M-218.7K3.4714.984,74316,45066,57041,262
2022-04-25$15.76$18.0068.1%17.5%57.7%95.0%61.8%8.2%-2.7%51.5K13.2M-236.3K1.168.624,0104,65865,20841,090
2022-04-26$15.13$17.5071.8%18.2%58.9%100.0%61.9%9.2%-3.7%3.9K17.8M-224.1K1.117.063,0553,38966,92442,504
2022-04-27$14.93$17.0072.5%17.8%55.0%100.0%62.2%8.7%-2.8%-11.1K19.6M-217.0K0.736.782,0581,49567,79242,633
2022-04-28$15.55$17.0069.4%16.9%54.7%91.1%60.3%9.6%-2.0%118.1K14.4M-233.4K1.089.853,1603,41768,38042,998
2022-04-29$15.18$17.0070.5%17.7%54.6%94.1%61.9%15.6%-1.1%45.3K17.0M-220.8K1.256.374,3315,41169,17942,926