AEO Options History — May 2022

In May 2022, AEO traded between $12.08 and $15.81. ATM implied volatility averaged 76.9%, placing in the 91.6% IV rank vs the trailing year. The 30-day expected move averaged 22.3%. IV traded above realized volatility by 16.3% (HV 20d: 60.6%). Max pain ranged from $15.00 to $17.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 1.31.

Notable Days

  • 2022-05-26: Highest Volume — 124,248 contracts
  • 2022-05-27: Largest IV drop — 30.8% change
  • 2022-05-09: Highest IV Rank — 100.0%
  • 2022-05-26: Largest Expected Move — 29.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.96$12.08$15.81$15.57$12.08
Max Pain$16.57$15.00$17.00$17.00$15.00
ATM IV76.9%63.5%91.7%70.8%65.0%
Expected Move22.3%16.7%29.3%18.5%20.4%
HV 20d60.6%52.4%77.4%52.9%77.4%
HV 60d60.7%57.7%66.1%57.8%64.8%
IV Rank91.6%47.8%100.0%95.0%50.7%
IV Percentile97.9%85.3%100.0%99.2%88.1%
Term Structure-2.0%-6.3%1.6%-1.8%1.6%
VWIV76.9%59.0%106.7%64.4%73.0%
Skew 25d10.6%7.4%17.9%8.3%10.2%
Skew 10d20.1%10.4%32.6%16.0%17.0%
Call IV 25d72.4%59.2%84.9%66.9%62.7%
Put IV 25d83.0%69.5%101.5%75.1%73.0%
Bid-Ask Spread %10.926.5221.0913.137.68
Gamma HHI0.120.080.290.100.19
Net GEX-126.3K-1.7M263.1K59.9K-802.9K
Net DEX20.4M8.0M33.1M12.5M33.1M
Net VEX-229.7K-287.0K-195.3K-237.2K-197.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.310.354.730.891.11
Total Volume19,477.7626,607124,2487,26315,097
Total OI134,173.476109,125257,419109,125159,812

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-05-02$15.57$17.0070.8%18.5%52.9%95.0%64.4%8.3%-1.8%59.9K12.5M-237.2K0.8913.133,8513,41267,12941,996
2022-05-03$15.30$16.0070.4%17.7%52.4%93.8%60.2%7.8%-2.1%67.5K14.2M-237.2K0.358.359,6923,34868,48243,788
2022-05-04$15.81$16.0067.7%16.7%53.4%86.1%59.0%13.4%-1.6%244.2K8.0M-263.1K0.8310.024,2523,52175,45943,927
2022-05-05$15.00$17.0071.1%19.4%56.4%95.9%65.7%7.6%-2.2%99.0K15.4M-239.0K1.027.474,3744,44375,48544,044
2022-05-06$14.42$17.0071.3%19.8%57.7%96.5%66.4%7.4%-2.1%-93.9K20.1M-227.4K0.8110.625,7354,63676,33644,866
2022-05-09$14.05$17.0077.3%21.7%57.2%100.0%70.6%8.4%-0.4%-32.8K21.7M-228.9K1.006.525,3325,35075,26645,810
2022-05-10$14.12$17.0076.5%21.3%56.9%98.0%71.1%10.5%-2.2%-10.8K21.8M-226.4K1.288.323,7954,85876,91446,146
2022-05-11$13.50$17.0078.5%22.9%58.0%100.0%75.3%11.8%1.2%-51.0K25.1M-209.7K1.577.042,5704,03777,88746,638
2022-05-12$14.12$17.0078.5%22.4%57.2%100.0%77.9%7.4%-0.1%-9.1K19.8M-227.7K0.939.004,8534,53078,31046,277
2022-05-13$14.38$17.0075.2%21.3%58.0%91.9%73.9%9.3%-2.0%263.1K17.6M-235.8K0.8412.525,5594,69279,94046,888
2022-05-16$14.09$17.0076.0%21.5%58.0%93.9%72.8%8.0%-2.4%3.7K19.9M-225.2K1.228.153,2223,93477,87245,647
2022-05-17$14.63$17.0071.4%20.4%60.0%82.5%72.8%11.8%-3.2%4.8K15.5M-232.3K1.4221.092,8454,03778,64947,156
2022-05-18$13.46$17.0080.9%23.2%65.1%100.0%77.1%10.7%-5.9%-5.7K25.0M-201.4K1.3414.294,0155,37979,15947,740
2022-05-19$13.65$17.0080.5%23.3%64.6%99.1%78.9%10.9%-4.1%12.5K24.5M-205.6K0.7010.877,7465,41679,50748,515
2022-05-20$13.25$17.0085.3%24.8%57.1%100.0%85.9%13.1%-3.3%-61.8K24.9M-195.3K1.1714.4211,88813,94275,79948,521
2022-05-23$12.85$17.0085.7%26.4%56.7%100.0%99.2%14.1%-1.0%-26.7K21.0M-209.7K4.737.196,11128,90571,16549,252
2022-05-24$12.15$16.0091.2%28.9%58.0%100.0%98.4%13.5%-2.3%-354.9K30.0M-225.6K2.2611.204,59510,39974,62271,234
2022-05-25$13.49$16.0086.9%28.4%71.0%91.9%98.8%11.2%-1.0%-200.6K17.3M-256.0K1.1412.467,6318,72575,36973,638
2022-05-26$14.02$16.0091.7%29.3%70.8%100.0%106.7%17.9%-6.3%-85.1K10.7M-287.0K1.2515.8655,22469,02478,71476,265
2022-05-27$13.15$15.0063.5%19.4%73.6%47.8%66.9%10.3%-0.1%-1.7M30.9M-254.9K1.6513.0818,10629,952124,225133,194
2022-05-31$12.08$15.0065.0%20.4%77.4%50.7%73.0%10.2%1.6%-802.9K33.1M-197.8K1.117.687,1637,93482,06677,746