AEO Options History — January 2023

In January 2023, AEO traded between $14.43 and $16.06. ATM implied volatility averaged 47.4%, placing in the 7.7% IV rank vs the trailing year. The 30-day expected move averaged 13.5%. IV traded above realized volatility by 6.2% (HV 20d: 41.2%). Max pain ranged from $11.00 to $15.00. Net GEX was positive for 7 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 2.95.

Notable Days

  • 2023-01-10: Highest Volume — 22,801 contracts
  • 2023-01-30: Largest IV spike — 17.3% change
  • 2023-01-31: Highest IV Rank — 25.8%
  • 2023-01-03: Largest Expected Move — 16.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.36$14.43$16.06$14.43$16.06
Max Pain$11.40$11.00$15.00$15.00$11.00
ATM IV47.4%41.5%55.3%55.3%54.4%
Expected Move13.5%12.0%16.4%16.4%13.1%
HV 20d41.2%32.4%46.6%32.4%44.2%
HV 60d57.6%56.2%58.5%56.5%56.2%
IV Rank7.7%0.0%25.8%20.7%25.8%
IV Percentile7.9%0.0%27.8%27.8%25.8%
Term Structure2.6%-2.6%13.7%-0.5%-1.6%
VWIV46.6%33.8%57.5%57.4%44.9%
Skew 25d5.9%4.2%7.2%5.9%6.3%
Skew 10d12.2%9.2%15.0%13.2%12.3%
Call IV 25d45.0%38.0%53.8%52.3%53.8%
Put IV 25d51.0%43.2%60.2%58.1%60.1%
Bid-Ask Spread %6.604.478.907.696.79
Gamma HHI0.280.120.810.190.13
Net GEX-416.1K-1.6M399.9K-404.7K219.5K
Net DEX-20.4M-31.6M-8.8M-8.8M-27.4M
Net VEX-183.5K-207.4K-163.1K-199.6K-192.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.950.0623.150.490.06
Total Volume5,929.3593522,8012,1854,763
Total OI119,028.470,740160,900131,55384,634

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-01-03$14.43$15.0055.3%16.4%32.4%20.7%57.4%5.9%-0.5%-404.7K-8.8M-199.6K0.497.691,46272372,04359,510
2023-01-04$15.30$15.0052.5%16.3%39.5%14.6%57.5%4.2%1.0%-232.3K-21.5M-203.6K1.486.771,6352,42473,06559,717
2023-01-05$14.84$11.0054.4%15.2%39.6%18.8%52.8%5.6%-1.5%-357.5K-14.2M-203.1K6.088.841,77510,79473,79060,942
2023-01-06$14.98$11.0054.0%14.8%37.1%17.8%52.3%6.2%-1.2%-989.8K-11.3M-207.4K5.358.903,57719,14274,83768,150
2023-01-09$14.98$11.0048.7%14.1%36.9%6.2%50.2%5.5%0.4%-1.5M-8.9M-200.6K1.178.321,2141,42576,15984,564
2023-01-10$15.07$11.0048.9%13.9%36.4%6.7%48.2%6.0%-0.1%-1.6M-10.6M-197.1K23.156.6394421,85776,65884,242
2023-01-11$15.93$11.0047.0%13.6%41.7%2.7%48.9%5.1%0.5%-283.0K-31.6M-191.3K3.435.489623,30476,97369,176
2023-01-12$15.86$11.0045.2%13.1%41.6%0.0%46.3%5.0%1.0%-451.2K-31.2M-186.0K1.287.401,1031,41777,26069,437
2023-01-13$15.50$11.0043.8%12.9%41.7%0.0%43.6%6.3%1.6%-1.1M-24.6M-182.1K0.576.611,44582277,55969,475
2023-01-17$15.43$11.0045.3%13.0%39.6%3.2%46.5%6.3%-0.3%-441.9K-23.1M-173.7K0.825.951,18997273,34259,742
2023-01-18$15.16$11.0044.4%12.7%40.2%1.2%45.3%6.2%-0.3%-593.0K-18.8M-168.2K1.384.761,0771,48774,00359,961
2023-01-19$14.68$11.0045.2%13.0%41.5%2.9%45.5%5.5%-2.1%-631.0K-10.3M-164.9K1.704.471,0811,83974,25060,142
2023-01-20$14.86$11.0042.7%12.3%41.2%0.0%33.8%6.0%-1.3%-1.5M-14.2M-163.1K2.445.932,5356,17374,58958,751
2023-01-23$15.79$11.0042.5%12.6%46.1%0.0%43.8%6.9%10.4%95.8K-24.3M-169.2K0.686.613,1192,12237,44033,300
2023-01-24$15.59$11.0042.3%12.7%46.6%0.0%43.6%6.7%10.8%190.4K-24.2M-171.5K0.567.083,0791,71740,00133,840
2023-01-25$15.57$11.0041.5%12.4%46.1%0.0%42.4%7.2%11.6%325.7K-24.5M-173.6K1.267.0441352242,64735,157
2023-01-26$15.82$11.0043.0%12.0%44.1%3.1%42.7%6.0%12.9%399.9K-27.0M-175.1K0.645.5166142542,96035,535
2023-01-27$15.71$11.0045.0%12.3%43.8%6.9%41.4%5.1%13.7%339.5K-26.3M-174.9K0.586.071,28474143,22335,723
2023-01-30$15.66$11.0052.7%12.8%43.7%22.4%44.0%6.9%-2.6%257.9K-24.9M-173.8K5.775.231,0876,27642,03735,734
2023-01-31$16.06$11.0054.4%13.1%44.2%25.8%44.9%6.3%-1.6%219.5K-27.4M-192.3K0.066.794,49626742,67641,958