AEO Options History — November 2023

In November 2023, AEO traded between $16.51 and $19.70. ATM implied volatility averaged 46.0%, placing in the 34.5% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded below realized volatility by 2.1% (HV 20d: 48.1%). Max pain ranged from $17.00 to $19.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 1.21.

Notable Days

  • 2023-11-21: Highest Volume — 41,144 contracts
  • 2023-11-21: Largest IV drop — 27.1% change
  • 2023-11-17: Highest IV Rank — 52.8%
  • 2023-11-20: Largest Expected Move — 15.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.32$16.51$19.70$17.63$18.91
Max Pain$18.43$17.00$19.00$17.00$18.00
ATM IV46.0%33.7%52.9%52.5%34.9%
Expected Move13.1%9.5%15.8%12.3%10.8%
HV 20d48.1%31.0%78.4%35.0%78.4%
HV 60d42.4%36.5%54.5%36.5%54.5%
IV Rank34.5%1.1%52.8%51.6%5.2%
IV Percentile47.1%0.4%79.0%72.2%1.2%
Term Structure-1.6%-3.7%-0.1%-1.7%-0.3%
VWIV46.1%33.7%54.5%44.0%39.4%
Skew 25d3.5%2.1%4.6%4.6%2.7%
Skew 10d7.3%4.2%9.9%9.4%6.6%
Call IV 25d44.9%32.8%52.7%50.9%34.3%
Put IV 25d48.4%36.0%55.7%55.5%37.0%
Bid-Ask Spread %21.293.3960.423.399.52
Gamma HHI0.280.200.340.290.20
Net GEX909.3K-310.3K1.5M717.4K1.2M
Net DEX-52.2M-80.2M-2.0M-43.2M-66.1M
Net VEX-210.2K-238.8K-165.3K-233.3K-223.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.210.403.071.170.60
Total Volume9,078.6191,19041,1441,8746,046
Total OI123,583.619114,469143,501114,469139,103

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$17.63$17.0052.5%12.3%35.0%51.6%44.0%4.6%-1.7%717.4K-43.2M-233.3K1.173.398641,01067,38547,084
2023-11-02$18.27$18.0050.6%14.0%36.3%46.4%48.8%3.9%-1.1%927.6K-54.1M-238.8K0.983.922,3542,29967,37847,599
2023-11-03$18.59$18.0050.5%13.5%36.5%46.1%47.8%3.6%-3.7%908.9K-60.4M-230.9K1.1711.841,2971,51368,26649,259
2023-11-06$18.36$18.0050.8%14.1%36.3%47.2%50.2%4.2%-0.9%729.2K-54.7M-226.4K0.833.691,01684467,98049,783
2023-11-07$18.45$19.0050.8%14.2%36.2%46.9%47.9%4.2%-0.7%749.8K-55.3M-231.4K0.664.6574048868,24050,243
2023-11-08$18.56$19.0050.9%13.9%35.4%47.3%52.3%3.6%-2.7%836.5K-59.5M-223.8K1.784.2942876269,00550,366
2023-11-09$18.36$19.0051.8%14.4%34.7%49.7%50.0%3.6%-1.9%685.5K-54.9M-222.1K1.768.529501,67369,22050,875
2023-11-10$18.66$19.0051.3%14.1%34.5%48.5%50.0%4.1%-3.5%829.2K-59.6M-226.6K0.903.8469562569,41352,298
2023-11-13$18.12$19.0051.7%14.7%31.1%49.6%50.9%4.6%-2.6%669.8K-48.8M-218.2K1.959.288491,65968,81550,927
2023-11-14$18.69$19.0050.6%14.4%31.0%46.6%50.3%3.8%-2.2%912.0K-61.4M-213.7K0.9732.741,01398169,17351,438
2023-11-15$19.66$19.0050.7%14.5%35.2%46.7%52.8%4.2%-1.9%1.4M-80.2M-204.3K1.7220.441,1872,04169,69052,021
2023-11-16$19.20$19.0051.1%14.8%35.1%48.0%51.3%4.1%-2.1%1.2M-71.1M-205.9K1.5150.011,0631,60569,85653,296
2023-11-17$19.56$19.0052.9%15.4%35.0%52.8%53.8%3.0%-2.1%1.2M-77.3M-204.7K0.4053.8412,5254,95370,17255,888
2023-11-20$19.70$19.0051.9%15.8%34.2%52.7%54.5%2.4%-1.3%1.3M-70.8M-206.1K0.4231.9216,7147,03370,50344,620
2023-11-21$16.52$19.0037.9%10.9%72.7%13.1%38.0%3.5%-1.5%-310.3K-2.0M-175.7K0.7452.1123,65617,48884,21050,683
2023-11-22$16.76$18.0033.7%9.5%72.4%1.1%33.7%3.2%-0.7%199.3K-17.3M-175.1K0.9157.906,2155,67895,10647,071
2023-11-24$16.51$18.0033.8%9.7%72.4%1.8%33.9%3.5%-0.8%1.5M-7.9M-165.3K3.0760.423,36910,32995,46648,035
2023-11-27$17.18$17.5035.4%10.9%73.4%6.7%37.9%2.9%-0.1%781.2K-29.2M-184.9K0.978.515,6985,51772,93742,231
2023-11-28$17.99$17.5035.8%11.3%75.2%7.9%39.8%2.7%-0.8%1.2M-47.5M-198.6K1.576.556,2739,84874,76945,356
2023-11-29$19.13$18.0035.8%11.2%78.2%7.8%41.3%2.1%-2.1%1.5M-75.7M-205.5K1.269.609,46211,89177,73851,758
2023-11-30$18.91$18.0034.9%10.8%78.4%5.2%39.4%2.7%-0.3%1.2M-66.1M-223.4K0.609.523,7822,26480,01659,087