AEO Options History — September 2022

In September 2022, AEO traded between $9.82 and $11.59. ATM implied volatility averaged 61.6%, placing in the 41.1% IV rank vs the trailing year. The 30-day expected move averaged 18.1%. IV traded above realized volatility by 4.9% (HV 20d: 56.7%). Max pain ranged from $11.00 to $13.00. Net GEX was positive for 2 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 1.59.

Notable Days

  • 2022-09-08: Highest Volume — 62,589 contracts
  • 2022-09-08: Largest IV drop — 23.6% change
  • 2022-09-06: Highest IV Rank — 63.5%
  • 2022-09-01: Largest Expected Move — 23.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.69$9.82$11.59$11.11$9.82
Max Pain$11.81$11.00$13.00$12.50$11.00
ATM IV61.6%54.1%73.0%69.3%63.5%
Expected Move18.1%16.1%23.2%23.2%18.7%
HV 20d56.7%51.4%67.3%67.3%54.0%
HV 60d56.6%54.7%58.8%55.4%56.2%
IV Rank41.1%26.4%63.5%56.2%44.8%
IV Percentile65.0%38.1%93.7%87.3%73.4%
Term Structure-1.0%-7.0%1.9%0.2%-0.1%
VWIV62.2%55.3%78.4%77.7%65.4%
Skew 25d7.5%3.6%13.2%4.9%7.9%
Skew 10d12.6%-12.4%17.4%12.7%12.8%
Call IV 25d58.3%49.4%68.2%68.2%60.5%
Put IV 25d65.8%58.2%78.2%73.1%68.4%
Bid-Ask Spread %6.443.5110.405.466.34
Gamma HHI0.250.100.560.100.28
Net GEX-247.4K-671.2K357.8K-135.0K-501.1K
Net DEX12.7M5.1M22.4M16.6M16.9M
Net VEX-185.0K-214.2K-149.5K-168.2K-168.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.590.279.791.060.73
Total Volume11,171.5242,26962,5893,0856,618
Total OI138,718.429123,773167,390123,773139,343

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-09-01$11.11$12.5069.3%23.2%67.3%56.2%77.7%4.9%0.2%-135.0K16.6M-168.2K1.065.461,5001,58572,97350,800
2022-09-02$11.11$12.5066.6%22.9%67.3%51.0%78.4%8.7%1.9%-86.2K16.1M-167.1K2.535.221,4593,68673,46650,666
2022-09-06$11.29$13.0073.0%20.2%64.4%63.5%68.7%13.2%-2.5%-120.2K13.1M-173.9K1.555.713,8305,93271,44053,819
2022-09-07$11.59$12.0070.8%19.0%54.5%59.1%66.9%10.5%-2.5%-67.3K10.0M-183.4K1.079.308,5039,13272,77255,112
2022-09-08$10.56$12.0054.1%16.1%61.3%26.4%56.9%9.5%-7.0%-671.2K22.4M-149.5K0.768.0135,47427,11576,85560,008
2022-09-09$10.69$12.0055.5%16.2%59.1%29.2%56.4%5.7%-3.4%357.8K10.5M-207.5K0.675.0915,50410,385100,35067,040
2022-09-12$11.14$12.0055.4%16.1%60.4%29.0%56.1%5.4%0.4%95.3K5.1M-214.2K0.763.513,1722,40889,33266,214
2022-09-13$10.51$12.0057.8%16.5%62.7%33.7%58.2%6.3%-0.2%-270.2K16.0M-195.6K1.064.9310,02410,67590,43166,883
2022-09-14$10.65$12.0059.6%16.5%56.6%37.1%56.5%7.8%-3.6%-263.5K12.1M-195.9K1.265.591,0841,36184,77761,029
2022-09-15$10.88$12.0056.4%16.2%56.0%30.9%56.1%5.3%-0.0%-311.3K11.3M-200.5K1.043.661,5981,66185,12261,406
2022-09-16$11.05$12.0057.6%16.5%54.7%33.3%56.8%6.5%-0.0%-311.7K7.3M-203.9K1.315.034,4055,79085,28360,785
2022-09-19$11.03$12.0057.6%16.6%53.7%33.3%55.3%7.8%-2.4%-139.4K7.1M-201.8K0.446.912,7251,18777,11456,048
2022-09-20$10.77$12.0059.2%17.0%52.5%36.4%58.0%7.5%0.8%-215.1K9.9M-193.8K2.047.279131,85878,83256,813
2022-09-21$10.85$12.0058.5%16.8%52.7%35.0%57.9%6.8%0.7%-229.1K8.7M-197.7K0.738.241,30896179,11458,078
2022-09-22$10.68$11.5061.3%17.7%51.6%40.6%59.3%3.6%-1.2%-385.9K10.1M-191.0K0.279.403,21787279,82657,310
2022-09-23$10.31$11.5061.6%17.9%51.7%41.0%59.4%6.8%-3.0%-271.2K15.1M-176.9K3.2710.402,0126,57178,75756,848
2022-09-26$9.92$11.0063.2%18.8%51.4%44.3%63.2%8.1%1.5%-470.7K17.0M-166.8K1.346.632,4693,31776,10756,413
2022-09-27$10.06$11.0063.5%18.5%52.0%44.8%67.5%7.6%1.7%-531.0K15.0M-169.8K9.796.462,11920,74376,90156,104
2022-09-28$10.43$11.0062.9%18.5%54.0%43.7%64.0%8.4%-1.6%-261.2K11.1M-183.5K1.165.982,1932,53377,42958,639
2022-09-29$10.05$11.0066.1%19.5%53.8%49.9%67.2%8.2%-1.2%-406.1K15.0M-175.4K0.536.104,3692,33478,09858,750
2022-09-30$9.82$11.0063.5%18.7%54.0%44.8%65.4%7.9%-0.1%-501.1K16.9M-168.9K0.736.343,8252,79380,58458,759