AEO Options History — May 2024

In May 2024, AEO traded between $21.77 and $24.70. ATM implied volatility averaged 53.1%, placing in the 57.2% IV rank vs the trailing year. The 30-day expected move averaged 14.4%. IV traded above realized volatility by 18.9% (HV 20d: 34.2%). Max pain ranged from $23.50 to $25.00. Net GEX was positive for 9 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.90.

Notable Days

  • 2024-05-30: Highest Volume — 16,404 contracts
  • 2024-05-30: Largest IV drop — 35.2% change
  • 2024-05-14: Highest IV Rank — 75.1%
  • 2024-05-29: Largest Expected Move — 17.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.75$21.77$24.70$23.88$21.77
Max Pain$24.66$23.50$25.00$23.50$25.00
ATM IV53.1%35.9%59.2%52.8%36.2%
Expected Move14.4%10.4%17.7%12.1%10.4%
HV 20d34.2%30.0%43.4%35.7%42.7%
HV 60d34.5%33.1%39.3%34.7%39.1%
IV Rank57.2%7.8%75.1%56.5%8.7%
IV Percentile80.4%10.7%94.4%82.9%12.7%
Term Structure-1.7%-7.9%8.6%-1.6%0.2%
VWIV50.6%36.7%61.7%42.6%36.7%
Skew 25d2.5%-0.3%9.3%1.5%2.4%
Skew 10d5.3%-8.8%34.0%5.6%0.5%
Call IV 25d51.9%33.2%56.9%53.2%35.3%
Put IV 25d54.3%37.7%60.4%54.7%37.7%
Bid-Ask Spread %22.384.8270.5863.5034.09
Gamma HHI0.210.090.400.320.13
Net GEX-74.7K-1.3M1.1M-287.1K-527.8K
Net DEX-6.9M-23.8M15.5M-8.6M15.5M
Net VEX-126.1K-138.5K-119.3K-125.8K-119.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.131.971.970.65
Total Volume6,216.7731,28016,4041,3926,399
Total OI50,321.72737,01564,85044,98160,851

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$23.88$23.5052.8%12.1%35.7%56.5%42.6%1.5%-1.6%-287.1K-8.6M-125.8K1.9763.5046992321,35623,625
2024-05-02$24.31$23.5054.5%11.9%34.2%61.4%41.9%-0.3%-7.9%-144.7K-13.0M-124.7K1.7512.131,2982,27421,40023,766
2024-05-03$24.34$23.5051.3%11.3%34.1%52.2%40.1%3.5%-6.5%-120.8K-13.0M-125.0K0.8170.581,5181,23221,81424,910
2024-05-06$24.59$24.0052.4%13.7%34.3%55.4%48.0%3.6%8.3%-124.2K-15.5M-122.0K0.7513.291,10783021,71224,564
2024-05-07$24.27$24.0049.4%14.0%34.6%46.5%49.4%5.1%3.2%-228.0K-12.8M-122.4K1.269.7456671422,37124,996
2024-05-08$24.02$25.0056.8%14.3%32.5%68.1%50.0%2.2%-4.6%-341.6K-9.9M-122.2K0.894.821,7091,52122,66625,254
2024-05-09$24.63$25.0053.6%14.0%33.6%58.7%49.1%1.7%-6.2%-28.7K-16.9M-123.3K1.036.741,8611,91823,59725,947
2024-05-10$24.52$24.0054.6%14.0%32.8%61.7%48.9%2.7%-6.8%307.0K-16.6M-125.0K0.2230.4810,5122,34924,42326,687
2024-05-13$24.27$25.0053.9%14.3%30.9%59.8%50.7%2.2%-3.5%574.2K-14.9M-128.8K0.987.041,3801,35432,14726,967
2024-05-14$24.70$25.0059.2%15.5%30.9%75.1%54.2%1.2%-2.7%1.1M-23.8M-130.0K0.308.4910,1283,01732,95527,525
2024-05-15$24.23$25.0055.3%15.1%32.0%63.8%53.9%5.1%-1.1%422.8K-13.5M-126.6K0.207.985,6171,12935,94728,903
2024-05-16$23.59$25.0056.0%15.3%33.8%65.8%53.4%1.9%-3.5%-1.3M-2.5M-122.2K1.4224.121,9182,71633,75729,287
2024-05-17$23.44$25.0056.6%15.4%33.7%67.5%55.6%3.0%-4.0%-783.2K-2.5M-119.6K1.8510.051,5582,88734,46327,661
2024-05-20$23.74$25.0055.8%15.7%33.6%65.2%54.7%1.8%-2.9%61.3K-5.2M-126.0K0.6215.882,7031,66518,08218,933
2024-05-21$23.68$25.0055.3%15.7%33.0%63.8%55.1%1.4%-2.8%77.3K-4.9M-131.7K0.9514.482,0681,95819,85720,118
2024-05-22$22.56$25.0055.9%16.0%37.0%65.5%56.6%2.2%-3.1%-176.7K4.8M-125.2K0.8517.951,4111,20521,32821,477
2024-05-23$22.91$25.0055.9%16.1%37.3%65.5%57.2%0.1%2.9%-137.5K2.5M-130.2K0.1326.8210,9221,37521,94521,877
2024-05-24$23.16$25.0054.6%16.0%30.0%61.8%55.8%0.5%-3.3%307.2K516.2K-131.1K0.4921.523,3911,67723,91822,758
2024-05-28$23.89$25.0055.6%16.7%31.4%64.7%58.5%1.3%-5.9%25.8K-5.2M-134.5K0.8919.663,7443,31421,15121,543
2024-05-29$24.05$25.0055.5%17.7%30.9%64.1%61.7%2.4%6.4%125.0K-7.7M-138.5K0.6626.669,6686,36023,65922,501
2024-05-30$22.02$25.0035.9%11.1%43.4%7.8%39.7%9.3%8.6%-429.9K11.8M-119.8K1.1246.437,7398,66530,90627,474
2024-05-31$21.77$25.0036.2%10.4%42.7%8.7%36.7%2.4%0.2%-527.8K15.5M-119.3K0.6534.093,8772,52232,13528,716