AEO Options History — August 2023

In August 2023, AEO traded between $14.38 and $16.99. ATM implied volatility averaged 48.6%, placing in the 33.7% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded above realized volatility by 17.3% (HV 20d: 31.3%). Max pain ranged from $14.00 to $16.00. Net GEX was positive for 13 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 2.13.

Notable Days

  • 2023-08-04: Highest Volume — 20,502 contracts
  • 2023-08-07: Largest IV spike — 9.6% change
  • 2023-08-24: Highest IV Rank — 47.2%
  • 2023-08-24: Largest Expected Move — 16.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.70$14.38$16.99$14.63$16.99
Max Pain$15.54$14.00$16.00$14.00$15.50
ATM IV48.6%38.9%53.6%38.9%45.5%
Expected Move14.6%11.8%16.7%11.8%15.1%
HV 20d31.3%26.9%36.6%30.7%32.1%
HV 60d42.7%30.8%49.6%49.6%30.8%
IV Rank33.7%9.4%47.2%9.4%27.5%
IV Percentile40.9%10.7%58.3%10.7%32.1%
Term Structure-0.1%-2.9%9.7%9.7%-1.6%
VWIV50.9%40.4%58.3%40.4%51.9%
Skew 25d3.9%2.4%5.5%5.5%4.1%
Skew 10d8.7%-8.7%23.0%18.0%9.2%
Call IV 25d47.0%37.4%52.7%37.4%43.7%
Put IV 25d50.9%42.9%56.6%42.9%47.9%
Bid-Ask Spread %4.972.627.963.862.99
Gamma HHI0.230.120.730.160.21
Net GEX33.1K-2.1M860.3K39.9K860.3K
Net DEX-23.8M-38.0M-5.8M-20.9M-38.0M
Net VEX-161.4K-182.7K-146.8K-146.8K-181.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.130.238.991.520.23
Total Volume8,061.9572,01820,5023,36610,540
Total OI94,127.65278,984106,75782,255104,018

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-08-01$14.63$14.0038.9%11.8%30.7%9.4%40.4%5.5%9.7%39.9K-20.9M-146.8K1.523.861,3362,03040,42441,831
2023-08-02$14.38$14.0041.7%12.1%30.7%16.3%43.2%3.5%8.2%-74.2K-15.6M-152.0K4.726.011,1705,52340,67543,637
2023-08-03$14.86$15.0044.0%14.2%30.8%21.9%49.5%3.0%9.2%-103.4K-21.5M-150.6K3.097.962,9629,15540,71545,740
2023-08-04$15.21$15.0045.0%14.2%30.8%24.3%49.2%3.9%7.8%-77.6K-24.7M-154.5K0.247.1416,4774,02541,80447,702
2023-08-07$15.18$15.0049.3%14.3%31.2%34.9%48.9%5.3%-1.7%9.0K-22.3M-156.3K0.364.763,8251,36642,35348,385
2023-08-08$15.34$15.0052.2%14.8%30.5%41.9%51.1%4.9%-1.4%313.9K-24.4M-162.0K0.596.771,26875045,62749,545
2023-08-09$15.41$15.0053.0%14.7%29.9%44.0%50.0%4.9%-2.1%459.3K-26.1M-155.9K0.566.731,53085445,95150,029
2023-08-10$15.64$16.0049.4%13.6%29.9%35.2%48.4%3.5%-2.2%539.4K-28.9M-151.4K0.785.116,1494,80944,47850,575
2023-08-11$15.73$16.0048.5%13.4%29.4%33.0%47.6%4.5%-2.7%179.9K-30.2M-152.2K1.637.133,6765,98346,22649,999
2023-08-14$15.91$16.0048.7%13.8%28.3%33.4%47.8%2.4%-1.3%305.2K-31.6M-147.1K1.922.781,2242,34644,36450,227
2023-08-15$16.01$16.0048.5%13.8%28.3%33.0%48.5%3.1%-1.3%325.6K-31.8M-151.4K1.072.851,3911,48445,05252,300
2023-08-16$15.91$16.0049.0%14.1%28.2%34.3%49.7%3.2%-2.1%285.9K-30.6M-152.9K7.886.181,1368,95745,91153,089
2023-08-17$15.59$16.0049.2%14.2%29.9%34.6%49.9%2.4%-2.5%-493.7K-20.1M-156.1K1.845.401,4882,74546,33657,799
2023-08-18$15.91$16.0050.4%14.6%28.2%37.5%51.0%3.9%-2.2%-2.1M-21.7M-162.0K8.994.209578,59947,10959,648
2023-08-21$16.04$16.0050.4%15.0%26.9%37.6%52.2%4.2%-1.9%-185.5K-15.8M-162.9K1.443.803,5315,07837,11141,873
2023-08-22$15.21$16.0052.4%16.0%34.2%42.5%55.3%4.1%-1.7%-284.9K-5.8M-162.7K4.146.592,1128,74839,94741,582
2023-08-23$15.86$16.0052.1%16.0%35.2%41.7%57.1%4.3%-2.9%-553.6K-14.3M-170.3K3.876.352,86111,08641,11148,683
2023-08-24$15.86$16.0053.6%16.7%35.0%47.2%58.3%4.0%-2.9%-642.9K-13.9M-175.5K0.396.017,7432,98542,81153,773
2023-08-25$15.79$16.0052.5%16.3%34.5%46.0%57.1%4.2%-2.7%-21.6K-15.9M-182.7K0.273.183,58197748,09955,599
2023-08-28$16.44$16.0050.3%15.9%36.6%40.1%56.1%3.6%-1.4%478.5K-28.0M-176.4K1.282.852,8983,70747,97647,838
2023-08-29$16.57$15.5047.3%15.7%34.4%32.2%54.4%3.2%-1.2%683.7K-31.6M-173.4K0.592.625,5783,28549,50148,090
2023-08-30$16.73$15.5045.2%15.3%33.3%26.9%53.2%3.6%-1.3%781.1K-34.3M-175.5K1.552.932,9424,55851,23648,157
2023-08-31$16.99$15.5045.5%15.1%32.1%27.5%51.9%4.1%-1.6%860.3K-38.0M-181.8K0.232.998,5392,00152,17051,848