AEO Options History — February 2024

In February 2024, AEO traded between $20.27 and $24.02. ATM implied volatility averaged 56.8%, placing in the 73.3% IV rank vs the trailing year. The 30-day expected move averaged 17.7%. IV traded above realized volatility by 28.7% (HV 20d: 28.1%). Max pain ranged from $20.00 to $21.00. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.51.

Notable Days

  • 2024-02-12: Highest Volume — 12,012 contracts
  • 2024-02-08: Largest IV spike — 15.0% change
  • 2024-02-21: Highest IV Rank — 90.4%
  • 2024-02-28: Largest Expected Move — 22.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.23$20.27$24.02$20.27$23.73
Max Pain$20.85$20.00$21.00$20.00$21.00
ATM IV56.8%44.7%62.3%44.7%60.6%
Expected Move17.7%14.5%22.2%14.5%21.9%
HV 20d28.1%22.8%30.6%29.5%28.9%
HV 60d42.9%29.3%50.9%50.3%29.3%
IV Rank73.3%35.6%90.4%35.6%85.2%
IV Percentile88.6%57.1%98.4%57.1%96.8%
Term Structure-1.1%-5.3%6.0%4.1%-4.6%
VWIV62.1%50.0%77.6%50.0%76.7%
Skew 25d2.9%0.9%5.5%5.5%2.8%
Skew 10d1.5%-45.9%6.7%-45.9%4.4%
Call IV 25d56.0%41.5%63.0%41.5%61.0%
Put IV 25d58.9%47.0%64.5%47.0%63.7%
Bid-Ask Spread %9.904.0735.665.1535.66
Gamma HHI0.160.080.360.080.21
Net GEX560.5K-85.3K1.4M215.3K825.2K
Net DEX-23.2M-36.5M-11.6M-11.6M-24.7M
Net VEX-89.7K-104.1K-79.5K-86.8K-104.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.131.490.320.82
Total Volume3,521.81,35112,0122,9291,487
Total OI43,781.532,92455,48043,84640,849

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-02-01$20.27$20.0044.7%14.5%29.5%35.6%50.0%5.5%4.1%215.3K-11.6M-86.8K0.325.152,21771224,56019,286
2024-02-02$20.84$20.0049.0%14.6%30.6%49.0%50.8%4.6%2.2%222.8K-15.6M-87.6K0.587.661,8131,04623,74819,746
2024-02-05$20.52$20.0050.5%14.9%29.6%53.6%52.2%2.9%1.1%-58.3K-11.6M-84.7K1.494.078781,30422,14719,003
2024-02-06$20.88$21.0051.0%15.4%23.4%55.3%53.9%3.3%2.6%-22.9K-14.4M-85.7K0.604.661,6671,00822,52619,837
2024-02-07$20.88$21.0047.1%15.3%22.8%43.2%53.2%3.1%6.0%-85.3K-13.9M-85.4K0.3110.101,33641522,53620,564
2024-02-08$21.57$21.0054.2%15.7%25.6%65.2%55.3%0.9%1.9%180.4K-20.8M-84.8K0.314.171,91659523,05820,870
2024-02-09$22.36$21.0054.7%16.2%28.5%66.8%56.7%1.1%3.2%330.6K-27.7M-83.2K0.285.202,26762623,54521,013
2024-02-12$22.54$21.0056.8%16.4%26.0%73.4%57.5%2.1%-2.1%383.1K-27.1M-79.5K0.705.317,0544,95822,57919,827
2024-02-13$21.98$21.0058.9%17.1%27.7%79.9%59.7%2.4%-3.6%313.7K-23.3M-92.5K0.135.156,82187127,98524,351
2024-02-14$22.23$21.0057.5%16.5%27.8%75.5%57.7%3.0%-3.3%852.9K-29.3M-93.8K0.345.152,02569830,69524,785
2024-02-15$22.49$21.0058.7%17.0%26.9%79.2%58.8%3.5%-2.9%954.9K-32.8M-91.4K0.7022.621,7231,20829,82225,046
2024-02-16$22.27$21.0061.9%18.1%27.4%89.0%63.5%1.4%-3.9%703.0K-29.8M-89.7K0.639.9692558129,74225,540
2024-02-20$21.89$21.0062.2%19.0%28.4%90.2%66.3%3.1%-3.5%510.2K-14.1M-84.2K0.206.304,29784621,42416,379
2024-02-21$22.37$21.0062.3%19.2%28.8%90.4%67.3%2.9%-3.3%1.1M-22.2M-90.4K0.609.3184350824,67616,293
2024-02-22$22.99$21.0062.2%19.8%29.8%90.2%69.2%2.7%-5.3%1.4M-30.7M-89.6K0.195.063,11860525,32716,598
2024-02-23$23.43$21.0060.3%19.4%30.1%84.3%68.2%3.7%-3.2%1.3M-36.5M-88.4K0.404.631,90676026,48216,875
2024-02-26$23.87$21.0059.8%20.7%30.2%82.7%73.2%4.1%1.0%576.6K-25.9M-93.6K0.6812.082,0691,39920,87412,050
2024-02-27$24.02$21.0061.7%21.0%29.8%88.6%74.0%1.5%-4.0%821.7K-28.5M-97.1K0.379.943,4951,29923,03813,210
2024-02-28$23.55$21.0062.1%22.2%30.4%89.8%77.6%2.4%-3.8%709.2K-23.2M-100.5K0.5825.921,9891,15124,36814,376
2024-02-29$23.73$21.0060.6%21.9%28.9%85.2%76.7%2.8%-4.6%825.2K-24.7M-104.1K0.8235.6681567225,59515,254