AEO Options History — December 2022

In December 2022, AEO traded between $13.86 and $16.24. ATM implied volatility averaged 51.2%, placing in the 11.6% IV rank vs the trailing year. The 30-day expected move averaged 14.7%. IV traded below realized volatility by 8.3% (HV 20d: 59.5%). Max pain ranged from $12.50 to $16.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 1.55.

Notable Days

  • 2022-12-27: Highest Volume — 9,033 contracts
  • 2022-12-12: Largest IV spike — 7.7% change
  • 2022-12-28: Highest IV Rank — 20.0%
  • 2022-12-28: Largest Expected Move — 15.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.00$13.86$16.24$15.43$13.91
Max Pain$14.90$12.50$16.00$12.50$15.00
ATM IV51.2%45.8%55.0%48.9%53.5%
Expected Move14.7%13.8%15.8%14.6%15.5%
HV 20d59.5%31.1%79.0%77.2%32.5%
HV 60d57.7%56.2%61.8%61.8%56.2%
IV Rank11.6%0.0%20.0%5.3%16.7%
IV Percentile15.7%0.0%26.6%4.8%23.0%
Term Structure0.3%-2.1%3.3%-1.9%-0.7%
VWIV51.9%49.3%56.3%50.4%55.0%
Skew 25d5.4%3.6%8.6%6.5%6.0%
Skew 10d10.5%7.0%16.0%10.1%13.9%
Call IV 25d48.9%43.6%51.9%47.5%51.2%
Put IV 25d54.3%48.1%58.3%54.0%57.3%
Bid-Ask Spread %5.433.867.097.094.60
Gamma HHI0.180.110.270.110.20
Net GEX119.9K-673.8K771.6K352.2K-673.8K
Net DEX-29.0M-52.8M6.8K-42.9M-1.1M
Net VEX-217.8K-236.7K-196.0K-233.3K-200.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.550.364.941.912.92
Total Volume3,231.6191,1809,0333,6982,735
Total OI139,375.19124,412151,037143,141132,503

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-12-01$15.43$12.5048.9%14.6%77.2%5.3%50.4%6.5%-1.9%352.2K-42.9M-233.3K1.917.091,2712,42786,34756,794
2022-12-02$16.02$12.5045.8%13.8%77.1%0.0%49.7%4.5%0.3%771.6K-51.3M-236.7K2.026.961,8893,80887,12358,369
2022-12-05$15.98$15.0048.3%14.3%76.9%5.3%52.7%4.9%1.9%507.2K-48.5M-233.9K0.644.121,31083485,74957,647
2022-12-06$15.52$15.0049.2%14.1%78.7%7.3%50.1%5.4%2.0%456.5K-41.1M-229.8K0.864.961,12496286,58658,023
2022-12-07$16.11$15.0049.5%14.5%79.0%8.0%50.7%4.2%3.3%580.2K-50.5M-232.5K0.595.321,34879686,71858,169
2022-12-08$16.24$15.0049.0%14.3%73.9%6.9%51.1%5.6%1.9%646.8K-52.8M-231.7K0.614.981,25677087,28058,548
2022-12-09$15.89$15.0048.4%14.0%72.5%5.7%49.7%4.8%2.6%539.7K-47.0M-227.2K0.955.781,2581,19487,80458,730
2022-12-12$15.73$16.0052.2%14.6%71.5%13.8%54.6%5.1%-2.1%467.0K-43.7M-228.3K2.674.621,1483,06286,25057,953
2022-12-13$15.59$16.0051.5%14.3%71.9%12.4%50.9%3.6%-2.0%313.4K-40.6M-225.2K2.335.942,4225,63887,03260,245
2022-12-14$15.25$16.0052.9%14.5%71.7%15.4%51.9%4.1%-0.6%-95.4K-31.7M-224.0K1.016.7182783886,80864,229
2022-12-15$14.73$15.0052.8%14.8%68.1%15.1%52.3%8.6%-1.6%-3.7K-28.8M-230.6K1.723.862,0983,60386,95562,498
2022-12-16$14.71$15.0051.9%14.7%67.9%13.2%51.3%5.0%-0.4%68.9K-23.5M-218.1K0.754.611,28496486,85263,645
2022-12-19$14.48$15.0051.3%14.6%67.8%11.9%50.1%4.7%1.2%29.1K-21.8M-213.7K0.405.742,28292076,09451,390
2022-12-20$14.25$15.0052.3%15.0%68.2%14.1%50.8%5.1%0.6%26.8K-17.8M-205.1K0.364.551,45952677,86051,546
2022-12-21$14.23$15.0050.7%14.5%33.6%10.7%49.3%5.6%3.1%-50.1K-17.8M-201.6K1.394.5868494979,00751,651
2022-12-22$14.30$15.0051.7%14.8%31.1%12.7%51.7%5.3%-0.2%-140.4K-17.8M-201.9K1.105.999191,01178,81652,342
2022-12-23$14.63$15.0051.2%14.6%31.3%11.7%51.7%5.2%-0.1%-144.8K-21.9M-204.2K2.315.456441,49079,05452,347
2022-12-27$14.14$15.0054.9%15.7%32.7%19.7%56.3%6.5%-0.7%-193.9K-6.5M-196.0K4.946.031,5217,51271,62752,785
2022-12-28$13.96$15.0055.0%15.8%32.7%20.0%54.7%6.3%-0.6%-442.9K-1.2M-201.2K1.996.2439578572,44659,215
2022-12-29$13.86$15.0053.8%15.6%32.7%17.3%54.0%6.8%-0.4%-496.3K6.8K-198.2K1.165.908821,01972,50059,342
2022-12-30$13.91$15.0053.5%15.5%32.5%16.7%55.0%6.0%-0.7%-673.8K-1.1M-200.6K2.924.606982,03772,90159,602