AEO Options History — April 2024

In April 2024, AEO traded between $22.24 and $26.14. ATM implied volatility averaged 42.6%, placing in the 27.0% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded above realized volatility by 6.8% (HV 20d: 35.8%). Max pain ranged from $23.00 to $24.00. Net GEX was positive for 2 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 1.66.

Notable Days

  • 2024-04-26: Highest Volume — 5,582 contracts
  • 2024-04-29: Largest IV spike — 10.1% change
  • 2024-04-30: Highest IV Rank — 56.7%
  • 2024-04-16: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.71$22.24$26.14$26.14$24.38
Max Pain$23.11$23.00$24.00$23.50$23.00
ATM IV42.6%36.9%52.9%38.0%52.9%
Expected Move11.5%10.4%12.3%10.4%12.0%
HV 20d35.8%27.7%41.0%38.3%35.4%
HV 60d32.6%31.6%34.7%32.3%34.6%
IV Rank27.0%10.6%56.7%13.9%56.7%
IV Percentile49.6%16.3%83.3%25.8%83.3%
Term Structure1.4%-5.2%6.3%-5.2%-2.9%
VWIV40.2%37.5%42.7%37.5%41.3%
Skew 25d2.6%-1.7%6.9%0.3%3.5%
Skew 10d5.8%1.0%15.5%2.2%3.9%
Call IV 25d41.6%35.3%52.2%39.7%48.8%
Put IV 25d44.2%38.4%54.3%40.0%52.3%
Bid-Ask Spread %16.754.9740.9229.3840.92
Gamma HHI0.290.170.410.170.26
Net GEX-242.9K-452.5K207.3K207.3K-99.4K
Net DEX-5.2M-27.5M11.3M-27.5M-13.9M
Net VEX-125.6K-133.6K-113.8K-113.8K-126.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.660.384.811.280.87
Total Volume3,147.8641,1125,5821,6211,777
Total OI46,726.18242,58951,86342,58944,640

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-04-01$26.14$23.5038.0%10.4%38.3%13.9%37.5%0.3%-5.2%207.3K-27.5M-113.8K1.2829.3871091120,76921,820
2024-04-02$25.55$24.0037.4%10.8%39.4%12.2%37.9%1.6%0.1%82.5K-22.2M-122.4K3.367.145831,95921,00922,644
2024-04-03$25.16$24.0037.9%11.1%39.9%13.5%39.0%1.6%0.5%-310.5K-16.6M-124.8K1.478.7355681721,13023,980
2024-04-04$24.30$23.0038.6%11.6%41.0%15.4%40.7%-1.7%3.0%-237.9K-7.9M-126.8K1.3210.728481,12221,33124,280
2024-04-05$24.49$23.0039.2%11.5%39.9%17.3%40.4%1.2%0.2%-413.6K-9.3M-124.7K0.844.972,2231,86521,48624,614
2024-04-08$24.41$23.0038.5%11.2%38.1%15.3%38.9%0.7%1.6%-118.3K-12.0M-124.7K3.199.431,0633,39221,58023,412
2024-04-09$24.48$23.0036.9%11.1%38.1%10.6%38.7%0.4%6.3%-183.0K-11.8M-124.3K0.5216.672,7251,41421,84523,992
2024-04-10$23.66$23.0037.3%11.2%40.0%11.9%39.3%5.3%1.0%-363.2K-3.9M-127.5K1.117.141,7891,98323,27024,678
2024-04-11$23.59$23.0039.8%11.1%37.5%19.1%39.7%1.9%-2.3%-326.7K-3.3M-131.7K1.945.251,1722,27123,90924,860
2024-04-12$23.16$23.0041.0%12.0%37.9%22.5%42.5%2.1%1.5%-240.8K2.1M-133.6K3.0135.369282,79024,32425,609
2024-04-15$22.48$23.0042.7%12.2%39.4%27.2%41.7%3.6%5.8%-318.0K6.6M-128.5K0.799.232,0101,59623,97025,022
2024-04-16$22.27$23.0042.8%12.3%37.9%27.7%41.9%3.0%4.5%-339.0K9.5M-122.9K1.7410.211,5592,71023,71925,171
2024-04-17$22.45$23.0042.3%12.1%38.1%26.3%42.7%2.3%4.9%-418.6K9.1M-126.6K4.8112.155862,81823,98126,681
2024-04-18$22.41$23.0042.4%11.9%32.1%26.5%41.0%2.9%5.5%-443.6K9.9M-125.1K0.5211.001,81094324,07226,954
2024-04-19$22.24$23.0043.5%11.9%28.7%29.6%41.2%1.9%5.4%-348.0K11.3M-122.4K2.155.988091,74324,77427,089
2024-04-22$22.61$23.0046.9%11.5%29.8%39.6%39.5%3.6%-2.1%-452.5K3.3M-122.6K0.3816.963,2261,22519,34823,269
2024-04-23$23.06$23.0045.7%11.1%28.9%36.0%40.3%5.3%1.0%-246.0K-2.8M-129.2K0.8532.441,7601,49421,72123,801
2024-04-24$22.70$23.0045.2%11.3%28.6%34.5%39.1%2.9%-2.1%-255.5K632.7K-127.0K1.175.498961,04922,29523,775
2024-04-25$22.93$23.0048.2%11.3%27.7%43.2%39.7%5.4%5.6%-214.4K-1.6M-127.3K1.5220.5544167122,54224,016
2024-04-26$24.36$23.0047.4%11.0%35.4%41.1%39.1%6.9%2.6%-285.4K-16.5M-128.4K3.2734.521,3074,27522,66224,109
2024-04-29$24.84$23.0052.2%11.9%35.6%54.9%41.5%2.1%-5.1%-18.4K-18.0M-122.2K0.3834.322,49093720,83922,984
2024-04-30$24.38$23.0052.9%12.0%35.4%56.7%41.3%3.5%-2.9%-99.4K-13.9M-126.2K0.8740.9294882921,32723,313