AEO Options History — May 2023

In May 2023, AEO traded between $10.16 and $13.52. ATM implied volatility averaged 54.3%, placing in the 29.4% IV rank vs the trailing year. The 30-day expected move averaged 15.4%. IV traded above realized volatility by 7.6% (HV 20d: 46.7%). Max pain ranged from $13.00 to $14.00. Net GEX was positive for 4 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 1.23.

Notable Days

  • 2023-05-24: Highest Volume — 29,544 contracts
  • 2023-05-25: Largest IV drop — 27.9% change
  • 2023-05-24: Highest IV Rank — 50.0%
  • 2023-05-24: Largest Expected Move — 20.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.38$10.16$13.52$13.23$10.16
Max Pain$13.82$13.00$14.00$14.00$13.00
ATM IV54.3%43.1%65.4%49.3%52.1%
Expected Move15.4%12.2%20.9%12.2%14.7%
HV 20d46.7%38.5%65.5%39.1%65.5%
HV 60d39.8%35.8%47.9%36.8%47.9%
IV Rank29.4%7.6%50.0%19.4%35.2%
IV Percentile38.3%8.7%85.3%23.8%30.6%
Term Structure-1.4%-5.4%2.6%1.5%-0.7%
VWIV54.3%39.2%73.0%39.2%49.5%
Skew 25d7.4%5.3%9.5%5.3%8.2%
Skew 10d16.7%10.4%38.3%22.2%15.3%
Call IV 25d51.5%42.6%61.5%47.3%48.0%
Put IV 25d59.0%49.0%71.0%52.6%56.2%
Bid-Ask Spread %6.184.118.126.286.49
Gamma HHI0.180.110.290.220.15
Net GEX-117.3K-708.3K96.8K-4.0K-90.7K
Net DEX7.7M111.7K23.8M3.3M13.4M
Net VEX-120.3K-140.0K-89.1K-127.8K-89.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.230.295.321.262.13
Total Volume5,152.18262629,5442,0858,898
Total OI71,058.27360,33996,90860,33978,396

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$13.23$14.0049.3%12.2%39.1%19.4%39.2%5.3%1.5%-4.0K3.3M-127.8K1.266.289211,16433,09927,240
2023-05-02$12.79$14.0053.4%12.7%40.3%27.1%48.7%7.2%-2.9%-73.1K6.4M-123.4K0.986.222,9332,87933,85328,167
2023-05-03$12.73$14.0053.0%13.9%40.2%26.5%46.2%7.5%-1.8%-86.1K6.3M-128.7K0.466.6861828535,19129,962
2023-05-04$12.48$14.0058.7%16.1%40.6%37.2%58.2%7.6%-1.6%-112.1K7.7M-126.3K4.145.526922,86735,43329,974
2023-05-05$13.34$14.0055.1%15.1%47.8%30.4%52.1%9.2%-0.3%17.2K1.6M-138.4K0.316.661,40243035,82331,543
2023-05-08$13.52$14.0052.3%15.0%46.7%25.2%52.7%6.8%1.1%96.8K111.7K-140.0K0.454.111,44464835,84331,205
2023-05-09$13.16$14.0054.8%15.5%46.6%29.7%54.9%6.4%-0.2%12.4K3.1M-135.5K0.805.8849839936,86731,462
2023-05-10$13.00$14.0055.5%15.4%40.6%31.2%52.9%7.8%-1.7%-61.2K4.5M-132.1K0.956.5332130537,01131,590
2023-05-11$13.11$14.0055.3%15.4%40.2%30.8%54.8%6.9%-1.3%-70.9K4.0M-131.4K0.294.941,31138337,02831,720
2023-05-12$13.00$14.0055.1%15.3%38.7%30.5%61.4%7.1%-2.5%-196.5K4.7M-130.8K1.014.3652052737,48331,823
2023-05-15$12.95$14.0054.4%15.4%38.5%29.1%56.4%7.0%-1.6%-129.5K5.2M-127.2K0.698.1293864436,38931,349
2023-05-16$12.71$14.0054.4%15.5%38.9%29.0%55.1%8.8%-2.8%-169.1K7.0M-125.0K0.755.2756742736,81531,550
2023-05-17$13.00$14.0055.0%15.8%39.9%30.2%56.8%7.1%-2.6%-115.8K4.8M-126.0K0.607.442,0251,21236,92731,730
2023-05-18$13.32$14.0056.6%16.5%40.7%33.3%55.9%8.6%-5.4%20.5K1.3M-129.7K0.966.552,0711,98938,74932,634
2023-05-19$12.29$14.0059.2%17.3%49.6%38.1%61.4%7.4%-3.3%-131.2K10.4M-117.9K1.235.3180198740,09834,084
2023-05-22$11.82$14.0058.3%17.5%50.3%36.4%60.2%7.5%-2.5%-175.5K11.8M-106.6K1.585.882,5664,06431,93631,212
2023-05-23$11.59$14.0058.7%18.9%47.7%37.3%65.4%7.6%0.3%-204.4K11.5M-105.9K5.327.619244,91633,71732,465
2023-05-24$11.95$14.0065.4%20.9%49.0%50.0%73.0%9.5%-3.1%-201.9K9.2M-117.6K0.568.0818,96610,57834,43536,246
2023-05-25$10.63$13.0047.1%14.4%62.1%15.2%50.1%7.6%-1.6%-708.3K23.8M-90.9K1.566.027,27811,33351,14645,762
2023-05-26$10.70$13.0043.1%12.8%62.4%7.6%43.7%6.4%2.6%-150.6K17.9M-94.6K0.616.264,9403,03653,83242,346
2023-05-30$10.84$13.0047.9%12.8%63.0%16.8%45.1%5.9%-1.4%-47.5K11.6M-102.5K0.465.752,4911,15043,92135,226
2023-05-31$10.16$13.0052.1%14.7%65.5%35.2%49.5%8.2%-0.7%-90.7K13.4M-89.1K2.136.492,8436,05545,18933,207