AEO Options History — February 2023

In February 2023, AEO traded between $14.38 and $16.88. ATM implied volatility averaged 59.9%, placing in the 36.6% IV rank vs the trailing year. The 30-day expected move averaged 17.4%. IV traded above realized volatility by 18.8% (HV 20d: 41.0%). Max pain ranged from $11.00 to $17.00. Net GEX was positive for 4 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 1.52.

Notable Days

  • 2023-02-01: Highest Volume — 10,115 contracts
  • 2023-02-16: Largest IV spike — 6.0% change
  • 2023-02-21: Highest IV Rank — 43.6%
  • 2023-02-27: Largest Expected Move — 21.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.54$14.38$16.88$16.69$14.38
Max Pain$16.42$11.00$17.00$11.00$16.00
ATM IV59.9%56.3%63.3%56.7%63.1%
Expected Move17.4%12.5%21.2%12.5%21.2%
HV 20d41.0%39.4%44.4%44.4%41.3%
HV 60d49.1%39.7%56.4%56.1%39.8%
IV Rank36.6%29.5%43.6%30.3%43.1%
IV Percentile49.3%33.3%64.3%34.1%64.3%
Term Structure-2.6%-4.1%-1.5%-2.4%-2.4%
VWIV61.0%43.6%77.0%43.6%77.0%
Skew 25d6.8%5.4%8.3%7.6%8.3%
Skew 10d14.1%7.3%19.9%19.9%17.7%
Call IV 25d57.2%53.7%61.3%53.7%58.3%
Put IV 25d64.0%60.4%68.1%61.3%66.7%
Bid-Ask Spread %9.386.5916.637.5712.63
Gamma HHI0.190.130.690.180.18
Net GEX-6.9K-344.4K2.6M578.4K-294.1K
Net DEX-12.0M-36.5M6.3M-36.3M6.3M
Net VEX-194.0K-208.6K-179.0K-194.4K-179.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.520.256.316.311.14
Total Volume3,587.4741,50810,11510,1152,951
Total OI90,770.63276,130102,42487,95578,404

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-02-01$16.69$11.0056.7%12.5%44.4%30.3%43.6%7.6%-2.4%578.4K-36.3M-194.4K6.317.571,3838,73245,90842,047
2023-02-02$16.88$17.0056.3%15.3%40.1%29.5%53.3%7.0%-1.5%325.1K-36.5M-208.6K0.789.521,20594146,67250,516
2023-02-03$16.48$17.0057.9%15.5%39.4%32.8%53.6%5.8%-3.4%2.6M-30.3M-204.2K0.498.801,65481147,03151,069
2023-02-06$15.98$17.0058.6%15.9%41.4%34.1%55.7%5.4%-2.0%-225.2K-19.4M-201.3K1.027.281,3201,34543,02950,925
2023-02-07$16.18$17.0058.6%16.1%41.5%34.2%55.8%6.2%-1.6%-257.5K-20.8M-203.9K3.548.366432,27443,77651,823
2023-02-08$15.54$17.0057.8%15.9%44.3%32.5%54.0%5.4%-2.5%-247.7K-13.2M-198.0K0.526.591,80994343,87453,078
2023-02-09$15.61$17.0057.7%16.0%39.5%32.2%55.0%5.6%-1.7%-198.7K-13.4M-199.4K0.507.391,17359244,56253,401
2023-02-10$15.57$17.0059.0%16.4%39.5%34.9%57.5%5.6%-3.4%-207.3K-12.5M-199.7K0.258.352,41560745,26653,765
2023-02-13$15.96$17.0059.7%16.9%39.6%36.3%59.1%7.9%-2.9%-250.4K-17.2M-196.8K0.428.971,13147443,75353,205
2023-02-14$16.11$17.0059.1%16.8%39.6%35.2%57.5%8.3%-3.0%-224.7K-19.3M-196.5K0.859.091,04289044,55753,278
2023-02-15$15.52$17.0058.5%16.8%41.5%34.0%59.6%6.5%-2.1%-113.9K-11.2M-190.9K4.226.939323,93444,66253,645
2023-02-16$15.25$17.0062.0%18.0%40.3%40.9%63.0%8.2%-3.8%-103.9K-10.6M-188.9K1.9510.202,9405,73344,78152,362
2023-02-17$15.61$17.0061.0%17.9%40.8%38.8%70.8%7.6%-4.1%364-15.0M-199.3K1.916.982,9415,63046,38156,043
2023-02-21$14.64$17.0063.3%20.2%41.3%43.6%67.6%5.5%-1.9%-317.0K4.6M-187.2K0.8416.631,5271,28234,43641,707
2023-02-22$14.77$16.0061.7%19.6%41.3%40.2%66.6%6.4%-1.5%-308.2K3.5M-187.0K1.009.8595395735,34642,199
2023-02-23$14.86$16.0062.0%19.3%41.5%40.9%65.9%8.1%-3.0%-344.4K2.9M-186.7K1.209.6668582335,77942,358
2023-02-24$14.61$16.0061.7%19.9%41.2%40.2%69.6%6.4%-3.1%-299.2K5.4M-183.7K1.289.907991,01936,12842,746
2023-02-27$14.59$16.0062.6%21.2%41.2%42.2%74.4%7.8%-2.7%-266.4K4.3M-179.9K0.6313.512,2551,41734,02142,109
2023-02-28$14.38$16.0063.1%21.2%41.3%43.1%77.0%8.3%-2.4%-294.1K6.3M-179.0K1.1412.631,3791,57235,49242,912