AEO Options History — September 2023

In September 2023, AEO traded between $14.48 and $17.34. ATM implied volatility averaged 38.0%, placing in the 12.0% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded below realized volatility by 1.5% (HV 20d: 39.5%). Max pain ranged from $16.00 to $17.00. Net GEX was positive for 7 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 1.70.

Notable Days

  • 2023-09-06: Highest Volume — 29,389 contracts
  • 2023-09-07: Largest IV drop — 27.8% change
  • 2023-09-06: Highest IV Rank — 29.0%
  • 2023-09-01: Largest Expected Move — 14.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.70$14.48$17.34$17.34$16.57
Max Pain$16.95$16.00$17.00$16.00$17.00
ATM IV38.0%33.3%46.1%43.9%36.6%
Expected Move10.8%9.3%14.5%14.5%10.6%
HV 20d39.5%31.9%46.6%31.9%42.9%
HV 60d34.1%30.5%37.0%30.6%36.0%
IV Rank12.0%0.0%29.0%23.3%9.0%
IV Percentile10.2%0.0%34.1%26.6%5.2%
Term Structure-0.5%-3.1%1.8%-1.1%0.6%
VWIV38.0%32.1%51.9%51.9%36.9%
Skew 25d3.6%2.9%4.0%3.4%3.3%
Skew 10d6.5%4.9%9.3%6.8%5.7%
Call IV 25d36.6%32.5%44.1%42.9%36.0%
Put IV 25d40.2%35.6%47.8%46.3%39.3%
Bid-Ask Spread %3.002.103.832.833.44
Gamma HHI0.220.110.360.140.17
Net GEX-245.5K-1.4M880.4K880.4K632.4K
Net DEX-4.6M-46.8M26.2M-46.8M-30.4M
Net VEX-198.1K-220.7K-172.2K-185.2K-217.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.700.096.161.371.89
Total Volume9,651.61,25229,3898,5603,648
Total OI121,684.15105,766142,296112,562115,645

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-09-01$17.34$16.0043.9%14.5%31.9%23.3%51.9%3.4%-1.1%880.4K-46.8M-185.2K1.372.833,6184,94257,87654,686
2023-09-05$17.23$17.0044.3%11.4%32.1%24.5%39.5%3.7%-2.1%799.3K-41.2M-184.1K1.542.455,8479,00358,19052,811
2023-09-06$17.13$17.0046.1%12.0%32.3%29.0%41.1%3.8%-3.1%687.2K-37.9M-200.4K1.043.3414,40914,98062,18559,776
2023-09-07$16.69$17.0033.3%9.3%34.2%0.0%32.1%3.1%-0.8%731.3K-27.3M-195.1K0.662.9216,52310,96073,16969,028
2023-09-08$16.00$17.0036.6%10.2%37.6%8.9%35.3%3.2%-1.0%374.8K-10.3M-190.6K1.913.007,75814,78175,56466,732
2023-09-11$15.91$17.0035.9%10.0%37.7%7.0%38.6%3.3%-0.9%-306.9K-5.3M-196.8K3.753.143,78714,20467,42858,739
2023-09-12$15.61$17.0035.8%9.9%38.0%6.8%35.0%3.4%-0.8%-1.1M8.0M-201.2K2.722.721,5044,09368,83867,260
2023-09-13$14.93$17.0035.4%9.9%40.9%5.7%34.3%4.0%-0.4%-1.1M26.2M-188.6K2.062.873,8457,93068,97768,096
2023-09-14$15.34$17.0035.1%9.8%42.3%4.9%34.7%3.4%-1.2%-1.4M14.7M-193.6K1.402.101,5142,11270,15468,011
2023-09-15$15.43$17.0035.3%10.0%41.8%5.4%33.6%3.6%-0.6%-763.4K12.2M-193.6K0.612.842,9251,79470,68167,733
2023-09-18$14.48$17.0036.4%10.3%46.6%8.5%35.7%3.9%1.8%-767.2K23.3M-172.2K1.592.581,7192,73648,03157,735
2023-09-19$14.50$17.0035.6%10.1%46.4%6.2%36.2%4.0%1.8%-660.5K22.7M-172.9K0.912.801,04794849,26658,294
2023-09-20$14.64$17.0036.1%10.3%43.0%7.5%35.5%2.9%-1.0%-632.8K20.1M-172.3K0.093.2612,5171,06649,53257,974
2023-09-21$14.79$17.0037.7%10.8%40.1%12.0%38.2%3.9%-0.1%-372.9K12.8M-215.0K0.333.202,11269560,71458,476
2023-09-22$14.98$17.0037.1%10.7%40.5%10.4%38.8%4.0%-0.2%-594.3K10.3M-212.3K3.153.501,2483,92860,26058,708
2023-09-25$15.27$17.0039.4%11.5%41.2%16.4%41.2%3.5%-0.3%-398.3K-4.3M-214.8K6.163.101,0936,73758,60653,231
2023-09-26$15.25$17.0040.9%12.1%38.2%20.5%41.5%3.4%-0.5%-598.9K-2.4M-215.3K1.343.259361,25158,76854,637
2023-09-27$15.59$17.0039.2%11.8%39.0%15.8%39.8%3.9%-0.1%-540.6K-9.2M-220.7K0.792.9469955359,23154,774
2023-09-28$16.38$17.0040.0%11.3%43.1%18.0%39.3%3.5%-0.4%319.1K-26.6M-219.8K0.663.832,1481,42259,15654,711
2023-09-29$16.57$17.0036.6%10.6%42.9%9.0%36.9%3.3%0.6%632.4K-30.4M-217.0K1.893.441,2622,38660,10255,543