AEO Options History — April 2023

In April 2023, AEO traded between $12.98 and $14.30. ATM implied volatility averaged 42.9%, placing in the 6.8% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded above realized volatility by 9.1% (HV 20d: 33.7%). Max pain ranged from $14.00 to $18.00. Net GEX was positive for 7 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 1.75.

Notable Days

2023-04-03: Highest Volume — 6,785 contracts
2023-04-25: Largest IV spike — 13.5% change
2023-04-25: Highest IV Rank — 19.1%
2023-04-12: Largest Expected Move — 13.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.53	$12.98	$14.30	$13.57	$13.36
Max Pain	$14.68	$14.00	$18.00	$18.00	$14.00
ATM IV	42.9%	39.1%	49.2%	39.4%	47.3%
Expected Move	11.9%	10.9%	13.1%	11.4%	11.8%
HV 20d	33.7%	25.7%	39.2%	32.0%	39.2%
HV 60d	37.5%	36.1%	39.1%	37.5%	36.9%
IV Rank	6.8%	0.0%	19.1%	0.0%	15.6%
IV Percentile	7.0%	0.0%	21.8%	0.0%	18.3%
Term Structure	1.5%	-1.9%	6.2%	1.5%	-1.9%
VWIV	40.8%	37.4%	43.8%	39.8%	39.2%
Skew 25d	7.2%	5.5%	10.4%	5.9%	7.1%
Skew 10d	17.1%	9.7%	51.7%	12.6%	23.8%
Call IV 25d	40.0%	36.2%	46.1%	39.0%	43.1%
Put IV 25d	47.1%	44.2%	56.6%	44.9%	50.3%
Bid-Ask Spread %	6.19	3.71	8.17	8.11	7.05
Gamma HHI	0.24	0.12	0.74	0.28	0.42
Net GEX	-270.1K	-3.3M	181.0K	-76.5K	-582.9K
Net DEX	2.9M	-4.2M	10.4M	4.0M	4.5M
Net VEX	-137.7K	-149.9K	-127.3K	-147.0K	-130.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.75	0.22	8.65	8.65	2.55
Total Volume	2,837.053	762	6,785	6,785	3,948
Total OI	61,099.632	57,734	66,215	61,796	62,918

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2023-04-03	$13.57	$18.00	39.4%	11.4%	32.0%	0.0%	39.8%	5.9%	1.5%	-76.5K	4.0M	-147.0K	8.65	8.11	703	6,082	30,933	30,863
2023-04-04	$13.66	$18.00	40.2%	11.3%	31.8%	1.5%	39.4%	6.2%	0.3%	77.3K	1.5M	-140.1K	0.88	6.79	405	357	31,360	27,531
2023-04-05	$13.66	$18.00	40.7%	11.8%	30.3%	2.4%	40.7%	7.4%	0.2%	104.2K	1.3M	-141.5K	0.34	5.59	1,384	468	31,185	27,664
2023-04-06	$13.57	$15.00	39.5%	11.7%	29.9%	0.2%	42.7%	6.4%	0.2%	179.3K	-533.7K	-140.2K	1.71	5.56	1,479	2,523	31,509	26,225
2023-04-10	$13.98	$14.00	42.1%	12.1%	27.2%	5.2%	42.2%	6.6%	0.1%	39.0K	-1.4M	-146.5K	0.22	6.15	2,625	581	30,700	27,525
2023-04-11	$14.30	$14.00	42.5%	12.1%	25.7%	5.9%	40.8%	6.3%	-0.6%	181.0K	-4.2M	-149.9K	0.39	5.33	2,443	941	32,040	27,586
2023-04-12	$13.38	$14.00	44.8%	13.1%	35.2%	10.3%	42.5%	6.5%	0.5%	-37.2K	3.1M	-139.3K	1.58	8.17	2,372	3,749	32,012	27,958
2023-04-13	$13.14	$14.00	43.8%	12.8%	35.7%	8.4%	43.2%	5.5%	0.7%	-607.2K	10.4M	-136.2K	1.28	5.89	844	1,082	32,315	33,720
2023-04-14	$13.54	$14.00	39.8%	11.5%	37.2%	0.7%	40.1%	7.4%	0.4%	-3.3M	5.6M	-140.7K	2.99	5.58	1,403	4,199	32,406	33,809
2023-04-17	$13.66	$14.00	41.1%	11.7%	33.7%	3.1%	43.0%	5.6%	2.7%	-265.8K	3.2M	-138.8K	0.78	6.11	782	613	31,566	29,948
2023-04-18	$13.61	$14.00	39.8%	11.4%	33.8%	0.7%	39.7%	7.2%	5.2%	-273.7K	4.0M	-137.8K	0.56	5.11	948	530	31,931	30,258
2023-04-19	$13.63	$14.00	39.1%	11.2%	33.6%	0.0%	39.0%	6.7%	5.8%	-294.4K	3.9M	-138.5K	3.29	7.24	593	1,950	32,422	30,593
2023-04-20	$13.41	$14.00	43.3%	12.2%	34.0%	7.9%	39.2%	7.0%	6.2%	-206.2K	5.0M	-133.4K	0.37	4.83	1,934	707	32,585	29,670
2023-04-21	$13.45	$14.00	43.8%	11.9%	32.9%	8.9%	38.2%	7.9%	5.3%	-192.0K	4.3M	-134.6K	0.64	3.71	580	374	33,897	29,799
2023-04-24	$13.68	$14.00	43.3%	10.9%	32.9%	8.0%	37.4%	10.3%	-0.7%	34.1K	286.2K	-133.9K	0.38	5.43	1,481	569	31,556	26,597
2023-04-25	$12.98	$14.00	49.2%	12.3%	38.3%	19.1%	43.8%	10.4%	-1.8%	-33.8K	4.9M	-128.3K	0.97	7.29	561	542	32,781	26,896
2023-04-26	$13.14	$14.00	47.0%	12.7%	38.4%	15.1%	40.7%	8.4%	2.4%	-12.1K	3.8M	-127.3K	0.61	6.22	698	427	32,875	26,887
2023-04-27	$13.43	$14.00	47.6%	12.0%	39.2%	16.2%	42.5%	7.5%	1.5%	85.4K	1.4M	-132.7K	5.01	7.43	504	2,523	33,264	27,109
2023-04-28	$13.36	$14.00	47.3%	11.8%	39.2%	15.6%	39.2%	7.1%	-1.9%	-582.9K	4.5M	-130.4K	2.55	7.05	1,112	2,836	33,421	29,497