AEO Options History — July 2023

In July 2023, AEO traded between $11.88 and $14.04. ATM implied volatility averaged 38.7%, placing in the 8.9% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 8.9% (HV 20d: 29.8%). Max pain ranged from $10.00 to $14.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.63.

Notable Days

  • 2023-07-26: Highest Volume — 9,202 contracts
  • 2023-07-31: Largest IV spike — 11.2% change
  • 2023-07-31: Highest IV Rank — 27.1%
  • 2023-07-31: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.80$11.88$14.04$12.23$14.04
Max Pain$12.55$10.00$14.00$10.00$14.00
ATM IV38.7%37.0%46.1%37.0%46.1%
Expected Move10.9%10.1%11.5%10.1%11.5%
HV 20d29.8%26.7%34.7%34.0%29.5%
HV 60d49.7%48.7%51.5%51.4%49.2%
IV Rank8.9%4.8%27.1%4.8%27.1%
IV Percentile7.9%2.4%31.0%2.4%31.0%
Term Structure1.8%-1.9%10.4%0.0%1.2%
VWIV37.7%36.1%40.2%36.1%40.2%
Skew 25d4.5%2.5%6.5%3.9%6.5%
Skew 10d9.1%-2.4%26.3%-1.8%26.3%
Call IV 25d36.6%35.5%39.2%35.5%39.2%
Put IV 25d41.1%38.2%45.7%39.4%45.7%
Bid-Ask Spread %4.422.667.174.254.08
Gamma HHI0.180.120.280.170.17
Net GEX295.3K-103.8K606.8K208.2K-103.8K
Net DEX-8.0M-16.3M-512.3K-4.1M-11.8M
Net VEX-130.3K-151.1K-114.5K-116.9K-149.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.111.980.820.51
Total Volume3,747.458749,2021,7762,544
Total OI73,648.5566,15481,28666,15480,665

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-07-03$12.23$10.0037.0%10.1%34.0%4.8%36.1%3.9%0.0%208.2K-4.1M-116.9K0.824.2597680037,00929,145
2023-07-05$12.02$10.0037.2%10.4%34.7%5.2%36.3%3.3%0.2%225.5K-2.6M-114.5K0.115.272,22924237,63629,717
2023-07-06$11.88$12.0037.5%11.1%28.9%6.1%37.6%5.0%0.9%212.4K-512.3K-117.0K0.324.261,25340537,01629,891
2023-07-07$11.89$12.0037.3%10.7%27.1%5.7%36.1%2.5%0.3%263.9K-628.3K-117.6K0.333.672,02066636,88429,514
2023-07-10$11.98$12.0038.6%11.0%26.7%8.8%40.2%4.2%-0.4%254.5K-1.8M-116.5K0.892.661,07295037,00229,188
2023-07-11$12.34$12.0039.3%11.2%28.4%10.4%38.4%5.1%0.1%327.3K-5.0M-120.7K0.834.504,4833,69937,54129,654
2023-07-12$12.25$12.0038.2%10.9%27.6%7.8%36.5%4.9%-0.1%439.8K-5.2M-125.5K0.153.421,70025340,92833,055
2023-07-13$12.36$12.0038.8%11.0%27.5%9.1%36.3%4.3%-0.1%527.2K-7.3M-124.6K1.124.264,2084,71942,01033,163
2023-07-14$12.32$13.0038.5%10.8%27.4%8.4%37.3%2.6%-1.9%322.5K-4.4M-129.6K0.307.172,56176942,42736,665
2023-07-17$12.75$13.0037.3%10.7%29.6%5.6%37.4%4.8%0.7%526.2K-9.1M-131.0K0.483.412,5831,22840,60534,582
2023-07-18$12.84$13.0037.1%10.6%28.7%5.1%36.8%4.8%1.0%606.8K-10.4M-132.9K0.233.952,82864941,73735,612
2023-07-19$13.20$13.0038.3%11.0%29.6%7.9%38.6%5.0%1.0%461.8K-15.6M-136.1K0.283.222,33665043,11736,143
2023-07-20$13.20$13.0038.4%11.0%29.6%8.3%38.1%4.9%1.1%418.3K-16.3M-136.2K0.383.631,29948943,69136,685
2023-07-21$12.93$13.0037.6%10.7%31.1%6.3%38.5%4.6%0.5%537.7K-12.6M-131.5K0.366.314,6651,65943,74036,940
2023-07-24$13.36$13.0038.2%10.5%31.2%7.8%36.5%5.5%8.9%167.8K-9.1M-135.9K0.244.612,41858936,82732,141
2023-07-25$13.21$13.0037.9%10.6%31.8%7.0%36.9%4.9%7.2%211.8K-8.3M-135.4K0.274.3369018438,40232,612
2023-07-26$13.66$13.0039.1%11.1%32.8%9.9%38.2%5.0%10.4%269.9K-13.3M-137.9K1.984.403,0846,11838,80332,764
2023-07-27$13.59$14.0039.4%11.5%29.7%10.6%39.5%3.4%-1.6%54.7K-9.6M-146.9K1.856.322,0503,79440,12538,049
2023-07-28$13.96$14.0041.4%11.2%29.6%15.7%39.3%4.2%6.0%-27.5K-13.3M-151.1K1.114.779881,09940,65740,629
2023-07-31$14.04$14.0046.1%11.5%29.5%27.1%40.2%6.5%1.2%-103.8K-11.8M-149.0K0.514.081,68685839,48741,178