AEO Options History — March 2024

In March 2024, AEO traded between $22.24 and $25.70. ATM implied volatility averaged 42.0%, placing in the 25.9% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded above realized volatility by 9.7% (HV 20d: 32.4%). Max pain ranged from $21.00 to $24.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.66.

Notable Days

  • 2024-03-07: Highest Volume — 41,796 contracts
  • 2024-03-07: Largest IV drop — 43.3% change
  • 2024-03-04: Highest IV Rank — 100.0%
  • 2024-03-01: Largest Expected Move — 22.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.92$22.24$25.70$24.14$25.70
Max Pain$23.27$21.00$24.00$21.00$23.50
ATM IV42.0%33.2%67.9%60.4%36.8%
Expected Move11.8%9.6%22.5%22.5%9.9%
HV 20d32.4%26.7%38.3%28.7%38.3%
HV 60d31.1%29.0%33.7%29.4%33.7%
IV Rank25.9%0.0%100.0%84.5%10.3%
IV Percentile31.1%0.0%100.0%96.4%14.7%
Term Structure-0.4%-8.1%8.2%-4.7%5.7%
VWIV41.7%33.9%78.6%78.6%34.9%
Skew 25d1.5%-1.5%5.5%2.0%0.5%
Skew 10d2.3%-1.4%4.3%3.3%1.6%
Call IV 25d41.7%33.2%64.1%61.5%34.9%
Put IV 25d43.2%34.0%67.0%63.5%35.4%
Bid-Ask Spread %18.467.1440.4913.2225.52
Gamma HHI0.280.090.850.440.18
Net GEX182.8K-3.9M1.7M1.0M233.4K
Net DEX-19.8M-42.2M10.4M-29.0M-39.3M
Net VEX-122.3K-137.2K-103.4K-103.4K-119.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.081.650.180.44
Total Volume9,428.32,07741,7964,0094,029
Total OI59,393.7538,325100,75341,50649,425

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-03-01$24.14$21.0060.4%22.5%28.7%84.5%78.6%2.0%-4.7%1.0M-29.0M-103.4K0.1813.223,38562425,83615,670
2024-03-04$24.09$24.0067.1%16.0%28.0%100.0%55.9%0.7%-5.7%367.1K-26.1M-105.0K1.387.147,67810,57623,08715,238
2024-03-05$24.18$24.0061.7%16.5%26.7%83.8%57.6%1.2%3.2%199.4K-22.8M-136.2K0.7315.353,2322,37027,81524,563
2024-03-06$23.59$24.0067.9%16.4%28.9%100.0%57.4%3.4%-8.1%158.3K-18.2M-137.2K0.5319.0219,10310,11929,66726,153
2024-03-07$23.04$24.0038.5%11.5%30.7%15.2%40.4%-0.1%8.2%-1.2M-6.7M-127.3K0.4640.4928,62013,17651,72238,234
2024-03-08$22.36$24.0037.5%11.5%31.3%12.3%40.5%1.4%1.6%-603.7K10.4M-125.7K1.1515.827,6978,81760,04440,709
2024-03-11$22.52$24.0039.0%11.1%28.6%16.5%38.5%2.2%-0.4%122.9K-5.3M-127.1K0.8918.622,1191,87647,12428,489
2024-03-12$22.24$24.0038.4%10.6%28.8%14.9%37.4%5.5%-2.5%-105.7K1.2M-120.4K0.2913.074,3051,23247,63329,323
2024-03-13$23.16$23.0036.8%10.7%30.8%10.1%38.2%1.8%-2.1%-378.6K-14.4M-119.9K0.329.424,1721,35445,75429,277
2024-03-14$22.87$23.0036.9%10.5%31.1%10.4%37.1%-0.2%0.4%-428.7K-11.2M-121.6K0.5512.981,33674148,61129,640
2024-03-15$22.94$23.0038.9%10.5%30.9%16.4%37.1%4.2%-7.1%-3.9M-11.4M-118.8K1.3412.092,0352,73248,84429,883
2024-03-18$23.59$23.0035.7%10.2%32.0%7.0%35.8%2.3%0.1%402.2K-13.9M-118.3K0.808.602,5362,02421,77519,235
2024-03-19$23.59$23.0034.3%9.8%31.1%3.1%33.9%2.0%0.7%510.8K-13.7M-121.2K0.1119.5811,3121,28322,97920,015
2024-03-20$24.86$23.0033.5%9.6%35.1%0.6%35.1%1.2%-0.2%1.7M-33.9M-128.7K0.2733.864,5571,22229,10320,920
2024-03-21$25.70$23.0033.9%9.6%35.7%1.8%34.1%1.1%3.2%1.1M-42.2M-116.6K0.3021.144,5181,36327,49721,177
2024-03-22$25.34$23.0033.2%9.6%36.0%0.0%34.0%0.6%-2.0%1.1M-38.6M-124.3K1.4211.681,0301,46228,10521,554
2024-03-25$24.45$23.0036.4%10.2%38.1%9.1%36.7%0.5%0.3%1.0M-22.4M-125.6K1.6534.541,4562,39725,38520,149
2024-03-26$24.77$23.0036.1%10.3%38.3%8.4%36.3%-1.5%0.2%991.9K-25.3M-127.3K0.0825.577,69858225,81022,223
2024-03-27$25.27$23.0037.9%10.0%38.0%13.4%35.2%0.6%1.5%1.4M-33.9M-122.8K0.3011.442,92787126,75122,456
2024-03-28$25.70$23.5036.8%9.9%38.3%10.3%34.9%0.5%5.7%233.4K-39.3M-119.2K0.4425.522,7911,23826,67522,750