AEO Options History — December 2023

In December 2023, AEO traded between $19.39 and $21.36. ATM implied volatility averaged 38.3%, placing in the 15.5% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded below realized volatility by 23.5% (HV 20d: 61.8%). Max pain ranged from $16.00 to $18.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 1.10.

Notable Days

  • 2023-12-22: Highest Volume — 9,417 contracts
  • 2023-12-15: Largest IV spike — 10.4% change
  • 2023-12-15: Highest IV Rank — 26.6%
  • 2023-12-26: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.51$19.39$21.36$19.52$21.19
Max Pain$16.70$16.00$18.00$18.00$17.00
ATM IV38.3%34.7%41.8%34.7%39.6%
Expected Move11.1%10.3%11.9%10.5%11.6%
HV 20d61.8%26.0%78.5%78.2%26.0%
HV 60d51.9%50.8%54.5%54.5%50.9%
IV Rank15.5%4.4%26.6%4.4%19.7%
IV Percentile20.9%1.2%38.1%1.2%31.0%
Term Structure0.1%-3.5%4.6%-0.4%-0.9%
VWIV39.6%37.1%44.1%39.3%42.7%
Skew 25d2.2%1.5%3.4%1.9%1.9%
Skew 10d4.6%3.2%6.2%6.2%4.2%
Call IV 25d37.8%33.0%40.8%34.3%39.4%
Put IV 25d39.9%35.5%42.7%36.2%41.3%
Bid-Ask Spread %44.445.4662.536.1254.40
Gamma HHI0.240.170.430.240.24
Net GEX1.7M645.3K2.6M2.4M2.5M
Net DEX-91.8M-109.0M-69.0M-80.5M-103.4M
Net VEX-176.8K-219.3K-148.5K-219.3K-149.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.100.093.101.563.10
Total Volume4,428.251,0719,4175,8915,468
Total OI129,540.3110,322140,090139,213124,627

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-12-01$19.52$18.0034.7%10.5%78.2%4.4%39.3%1.9%-0.4%2.4M-80.5M-219.3K1.566.122,3003,59179,86059,353
2023-12-04$19.49$16.0036.0%11.2%78.0%8.4%39.8%3.4%3.5%776.9K-70.2M-217.7K2.0752.321,6453,40874,07558,631
2023-12-05$19.39$16.0035.8%11.1%77.9%7.9%39.0%2.6%4.2%645.3K-69.0M-210.3K1.7960.579851,76874,71259,243
2023-12-06$19.88$16.0035.2%11.0%78.3%6.1%38.6%1.5%4.6%1.0M-82.2M-208.8K1.0262.532,4282,48074,97260,261
2023-12-07$20.18$16.0035.4%10.7%78.4%6.8%37.4%1.5%3.2%1.1M-90.0M-192.5K1.6057.962,6024,16475,11061,483
2023-12-08$20.19$16.0035.2%10.5%78.2%6.0%37.1%2.5%4.3%1.5M-93.0M-180.9K0.7756.272,0681,59176,35161,563
2023-12-11$20.73$16.0038.7%10.6%78.5%17.0%39.0%2.8%-3.5%1.5M-101.0M-169.2K1.5751.982,1203,33574,71959,560
2023-12-12$20.62$16.0038.4%10.3%77.5%15.8%37.1%2.3%-3.1%1.6M-98.5M-167.1K1.9960.746791,35275,46660,664
2023-12-13$20.77$17.0037.7%10.5%77.0%13.9%38.0%2.9%-1.1%1.5M-101.9M-167.0K2.2859.641,4823,38075,68861,573
2023-12-14$20.56$17.0037.9%10.5%75.2%14.4%39.4%2.3%-1.5%1.5M-97.1M-167.5K0.6455.022,2891,45876,47962,213
2023-12-15$20.01$17.0041.8%10.8%75.4%26.6%39.1%1.5%-2.0%2.0M-83.1M-174.3K0.7961.8796075877,43562,655
2023-12-18$20.09$17.0038.6%11.0%75.1%16.5%38.3%2.3%-0.3%1.3M-71.8M-167.8K0.3543.722,27980866,12644,196
2023-12-19$20.88$17.0038.9%11.1%76.3%17.4%39.3%2.0%-0.5%1.3M-88.9M-162.3K0.1144.208,31687668,42444,591
2023-12-20$20.63$17.0040.0%11.5%37.7%21.1%40.7%2.3%-1.0%1.9M-88.9M-178.3K0.8244.222,1381,76176,59245,063
2023-12-21$20.91$17.0039.9%11.5%37.7%20.8%40.8%2.0%-0.7%1.8M-94.6M-175.0K0.2439.5486220976,72845,811
2023-12-22$21.27$17.0039.5%11.4%36.5%19.4%40.8%2.0%-0.5%1.7M-103.2M-165.0K0.378.906,8942,52376,89345,871
2023-12-26$21.20$17.0040.9%11.9%35.4%23.8%44.1%1.8%-1.3%2.4M-104.2M-159.5K0.6412.391,9411,25078,79245,162
2023-12-27$21.26$17.0040.2%11.7%32.9%21.6%41.2%2.1%-0.1%2.5M-105.9M-156.7K0.0951.032,87325379,30245,557
2023-12-28$21.36$17.0040.7%11.7%26.2%23.1%41.2%2.0%-1.4%2.6M-109.0M-148.5K0.285.462,56171079,33745,668
2023-12-29$21.19$17.0039.6%11.6%26.0%19.7%42.7%1.9%-0.9%2.5M-103.4M-149.0K3.1054.401,3354,13378,51046,117