AEO Options History — October 2023

In October 2023, AEO traded between $16.21 and $18.30. ATM implied volatility averaged 43.4%, placing in the 27.2% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded above realized volatility by 6.9% (HV 20d: 36.5%). Max pain ranged from $15.00 to $17.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 1.16.

Notable Days

  • 2023-10-19: Highest Volume — 30,922 contracts
  • 2023-10-25: Largest IV spike — 9.7% change
  • 2023-10-27: Highest IV Rank — 57.2%
  • 2023-10-27: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.20$16.21$18.30$16.45$17.48
Max Pain$16.59$15.00$17.00$17.00$17.00
ATM IV43.4%37.6%54.6%39.3%53.3%
Expected Move11.7%10.7%12.9%11.1%12.4%
HV 20d36.5%30.6%42.2%42.2%35.0%
HV 60d36.5%35.6%37.4%36.1%36.5%
IV Rank27.2%11.6%57.2%16.2%53.8%
IV Percentile35.0%10.7%78.6%17.9%75.0%
Term Structure1.1%-4.4%7.6%0.4%-1.6%
VWIV41.1%37.6%45.6%38.9%43.2%
Skew 25d3.6%2.2%5.4%3.7%3.9%
Skew 10d6.8%4.5%10.5%5.3%7.8%
Call IV 25d42.3%36.7%52.1%37.4%52.0%
Put IV 25d45.9%40.0%56.7%41.1%55.9%
Bid-Ask Spread %3.553.114.393.523.71
Gamma HHI0.200.130.290.200.29
Net GEX564.8K-8.9K1.4M384.4K687.2K
Net DEX-38.2M-78.9M-20.3M-26.6M-39.7M
Net VEX-227.7K-381.5K-192.8K-214.6K-240.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.160.053.111.750.78
Total Volume4,722.575330,9222,857753
Total OI116,137.909105,997169,579110,464114,195

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-10-02$16.45$17.0039.3%11.1%42.2%16.2%38.9%3.7%0.4%384.4K-26.6M-214.6K1.753.521,0391,81858,90051,564
2023-10-03$16.36$17.0040.9%11.6%42.2%20.6%40.7%3.5%0.4%259.7K-24.0M-216.1K2.553.341,1022,80759,20452,891
2023-10-04$16.41$17.0040.6%11.3%42.2%19.7%39.8%3.2%0.4%243.2K-24.7M-215.7K2.393.341,3653,26059,26954,775
2023-10-05$16.21$15.0040.3%11.8%41.5%18.9%40.8%3.7%0.3%-8.9K-20.3M-211.2K0.813.233,1492,53659,35456,360
2023-10-06$16.26$15.0039.8%11.6%38.6%17.5%40.4%2.7%0.5%202.1K-23.1M-210.9K0.813.112,4732,00861,82758,443
2023-10-09$16.70$16.0039.0%11.3%39.5%15.4%41.0%3.6%0.4%429.7K-28.7M-202.6K3.113.523891,20957,43848,559
2023-10-10$16.89$16.0037.6%11.0%38.8%11.6%38.8%3.4%0.5%512.2K-32.0M-203.0K0.243.613,65086357,64448,689
2023-10-11$17.30$16.0038.7%11.2%34.9%14.6%38.2%3.1%0.5%725.1K-40.6M-206.4K1.943.311,3482,62160,80948,582
2023-10-12$16.95$16.0037.7%10.7%35.4%11.8%37.6%3.3%-0.1%545.7K-31.4M-208.0K1.353.361,0521,41760,04650,487
2023-10-13$16.77$16.0039.0%11.3%35.8%15.4%40.2%3.1%0.8%361.5K-27.1M-209.5K1.063.6980285259,88050,879
2023-10-16$17.73$17.0038.3%11.0%30.6%13.5%39.5%2.7%3.3%722.0K-46.0M-198.0K1.713.173,0265,17259,04350,319
2023-10-17$18.30$17.0038.9%11.1%31.3%15.2%38.8%2.6%5.6%876.1K-56.3M-192.8K1.493.322,4643,67759,62054,500
2023-10-18$18.07$17.0040.0%11.5%32.5%18.1%40.7%2.7%5.5%739.9K-51.1M-204.3K0.633.421,34885460,78757,718
2023-10-19$17.64$17.0041.7%11.5%34.7%22.6%41.5%3.6%7.6%457.8K-41.6M-213.4K0.053.4829,4371,48560,97558,041
2023-10-20$17.46$17.0045.1%12.6%35.3%31.7%42.0%4.6%2.8%1.4M-78.9M-381.5K0.693.452,0331,400111,22458,355
2023-10-23$17.20$17.0048.3%12.6%35.9%40.2%43.4%5.2%1.7%433.3K-33.7M-249.7K0.343.931,50451565,87149,046
2023-10-24$17.66$17.0046.2%12.1%36.5%34.8%42.5%3.6%3.1%640.0K-42.7M-249.8K0.223.872,02143666,52649,368
2023-10-25$18.05$17.0050.7%12.2%36.5%46.8%43.1%2.2%-0.6%820.8K-51.0M-252.1K0.944.393,0042,83567,73949,595
2023-10-26$17.79$17.0051.0%12.2%33.7%47.6%42.8%5.4%-1.7%739.0K-45.8M-244.1K0.904.1276668666,92249,229
2023-10-27$17.32$17.0054.6%12.9%35.3%57.2%45.6%4.9%-4.4%615.9K-36.6M-245.0K1.133.791,5451,74867,07949,605
2023-10-30$17.44$17.0053.6%12.8%35.1%54.7%45.3%4.4%-1.6%646.1K-38.8M-241.8K0.683.4284757966,74946,928
2023-10-31$17.48$17.0053.3%12.4%35.0%53.8%43.2%3.9%-1.6%687.2K-39.7M-240.0K0.783.7142233167,17947,016