AEO Options History — November 2022

In November 2022, AEO traded between $10.41 and $16.05. ATM implied volatility averaged 61.8%, placing in the 33.9% IV rank vs the trailing year. The 30-day expected move averaged 17.7%. IV traded above realized volatility by 0.8% (HV 20d: 61.0%). Max pain ranged from $11.00 to $12.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 1.68.

Notable Days

  • 2022-11-22: Highest Volume — 17,243 contracts
  • 2022-11-22: Largest IV drop — 23.0% change
  • 2022-11-16: Highest IV Rank — 53.2%
  • 2022-11-16: Largest Expected Move — 20.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.96$10.41$16.05$11.20$15.71
Max Pain$11.43$11.00$12.00$12.00$12.00
ATM IV61.8%50.1%70.5%63.0%51.3%
Expected Move17.7%14.6%20.2%16.6%14.6%
HV 20d61.0%34.1%83.5%34.1%83.1%
HV 60d54.5%49.7%62.4%52.7%61.8%
IV Rank33.9%7.8%53.2%36.5%10.6%
IV Percentile60.4%10.7%88.9%68.7%17.1%
Term Structure-1.3%-5.1%2.0%-2.3%-3.5%
VWIV63.1%51.8%76.6%56.5%52.9%
Skew 25d5.9%3.2%8.7%5.4%3.6%
Skew 10d12.6%5.8%18.8%12.4%5.8%
Call IV 25d59.5%48.5%67.1%61.9%48.5%
Put IV 25d65.4%52.1%75.8%67.3%52.1%
Bid-Ask Spread %9.914.8016.054.917.41
Gamma HHI0.200.110.750.140.12
Net GEX445.0K-150.3K2.6M117.2K391.2K
Net DEX-20.9M-62.1M9.0M104.7K-47.3M
Net VEX-195.1K-231.7K-157.7K-177.7K-231.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.680.247.380.911.35
Total Volume8,513.1433,71317,2434,2704,605
Total OI135,551.429126,305150,600128,690142,012

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-11-01$11.20$12.0063.0%16.6%34.1%36.5%56.5%5.4%-2.3%117.2K104.7K-177.7K0.914.912,2322,03880,79947,891
2022-11-02$10.41$12.0065.0%17.3%42.6%40.9%59.6%8.4%-2.8%-130.2K9.0M-157.7K1.214.802,1172,56481,58748,466
2022-11-03$10.86$11.0064.7%18.1%45.3%40.4%63.0%5.3%-0.4%-12.6K3.2M-168.3K1.188.392,3942,82781,66547,962
2022-11-04$11.34$11.0064.7%18.1%46.2%40.3%64.2%6.5%-1.7%234.6K-2.4M-178.0K0.7010.782,9632,07581,95048,224
2022-11-07$11.50$11.0065.5%18.4%45.1%41.9%64.4%5.2%-0.2%96.9K-2.7M-175.7K0.7810.492,5201,95779,81648,109
2022-11-08$11.58$11.0064.8%18.2%44.1%40.5%63.8%6.2%-0.9%163.3K-4.1M-175.0K0.857.812,3562,00680,71648,473
2022-11-09$10.92$11.0064.4%19.2%49.8%39.5%67.5%7.2%2.0%-150.3K4.1M-163.0K1.389.861,7282,38581,43948,768
2022-11-10$11.75$11.0065.3%18.5%55.4%41.6%66.8%7.3%-0.8%350.8K-6.8M-178.4K3.0612.022,3007,02981,70348,986
2022-11-11$12.40$11.0065.3%18.9%56.5%41.5%64.7%4.2%2.0%377.6K-15.5M-188.3K0.849.242,7112,26882,22053,548
2022-11-14$12.46$11.0067.5%19.5%56.4%46.4%69.5%7.5%-5.1%351.4K-14.0M-184.8K7.3810.691,62211,97880,87048,451
2022-11-15$13.02$11.0066.8%19.1%57.6%44.9%68.7%8.4%-3.0%457.5K-20.2M-194.8K0.2411.9910,1162,43981,06352,746
2022-11-16$12.18$12.0070.5%20.2%63.3%53.2%74.0%8.7%-3.5%294.9K-11.1M-197.1K2.2112.514,84410,69887,75253,726
2022-11-17$12.51$11.0068.7%19.8%63.2%49.2%73.3%7.6%0.4%454.0K-16.6M-212.3K1.5513.296,0109,33090,25960,341
2022-11-18$12.92$11.0068.3%20.0%62.6%48.3%76.6%7.6%-4.1%2.6M-27.6M-210.1K0.4413.718,6213,75592,48355,377
2022-11-21$12.93$11.0067.7%20.1%62.0%46.8%72.2%4.0%-2.3%341.6K-18.7M-208.9K1.7316.056,28510,89580,91045,395
2022-11-22$15.23$12.0052.1%15.4%82.6%12.4%53.6%3.2%0.7%655.5K-49.7M-215.3K0.6512.1210,4326,81185,27853,250
2022-11-23$15.72$12.0050.7%14.9%82.6%9.3%52.3%4.0%-1.6%707.4K-55.9M-218.9K0.777.695,1273,94087,32257,044
2022-11-25$16.05$12.0050.1%14.8%82.4%7.8%51.8%3.2%-0.7%877.4K-62.1M-219.0K0.6210.482,2861,42789,07858,237
2022-11-28$15.75$12.0050.8%15.4%83.4%9.5%55.3%4.5%0.5%557.0K-50.2M-218.1K1.937.061,7273,32984,52950,732
2022-11-29$15.79$12.0050.9%15.5%83.5%9.7%55.2%6.0%-0.7%575.6K-50.5M-223.8K5.476.899325,09785,41851,985
2022-11-30$15.71$12.0051.3%14.6%83.1%10.6%52.9%3.6%-3.5%391.2K-47.3M-231.7K1.357.411,9632,64285,77256,240