AEO Options History — January 2025

In January 2025, AEO traded between $15.50 and $17.32. ATM implied volatility averaged 39.4%, placing in the 19.6% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 2.7% (HV 20d: 36.6%). Max pain ranged from $17.00 to $18.00. Net GEX was positive for 5 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 2.71.

Notable Days

  • 2025-01-27: Highest Volume — 14,401 contracts
  • 2025-01-30: Largest IV spike — 16.7% change
  • 2025-01-10: Highest IV Rank — 33.6%
  • 2025-01-03: Largest Expected Move — 14.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.56$15.50$17.32$16.95$16.16
Max Pain$17.45$17.00$18.00$17.00$17.00
ATM IV39.4%33.2%46.7%42.4%37.0%
Expected Move11.0%9.4%14.0%13.5%10.2%
HV 20d36.6%23.3%63.2%63.2%40.6%
HV 60d48.9%47.3%50.2%47.6%50.2%
IV Rank19.6%7.9%33.6%25.4%15.0%
IV Percentile31.5%1.6%57.9%48.8%21.0%
Term Structure1.6%-12.0%17.2%-2.3%-4.9%
VWIV38.3%33.6%48.3%46.5%33.6%
Skew 25d-0.8%-13.9%5.5%2.8%-13.9%
Skew 10d7.1%-12.6%55.1%7.2%-8.4%
Call IV 25d39.1%21.8%50.7%41.6%50.7%
Put IV 25d38.3%22.2%48.6%44.4%36.8%
Bid-Ask Spread %20.644.6458.5945.4517.41
Gamma HHI0.240.100.600.240.43
Net GEX-979.8K-6.0M512.2K-52.6K-974.5K
Net DEX9.9M-2.6M36.3M5.5M12.1M
Net VEX-99.1K-121.0K-78.9K-116.8K-104.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.710.1416.180.281.66
Total Volume4,441.5539114,4013,2321,782
Total OI83,674.849,490107,87889,99366,460

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-01-02$16.95$17.0042.4%13.5%63.2%25.4%46.5%2.8%-2.3%-52.6K5.5M-116.8K0.2845.452,53270037,69252,301
2025-01-03$17.15$17.0043.3%14.0%62.6%27.0%48.3%2.9%-1.9%512.2K-1.4M-121.0K0.5258.591,06755844,54652,595
2025-01-06$17.13$18.0043.7%11.7%24.4%27.9%40.3%2.1%-0.9%389.7K-1.3M-113.8K0.4211.411,60867543,11051,655
2025-01-07$16.66$18.0043.5%11.6%23.3%27.6%40.9%2.3%0.1%-51.5K8.3M-109.7K0.1426.397,4821,03343,30252,094
2025-01-08$16.49$18.0044.3%12.1%23.4%29.1%41.6%-11.8%-0.3%-313.5K12.8M-110.7K9.7023.951,22611,89243,43352,855
2025-01-10$16.20$18.0046.7%12.6%23.7%33.6%42.9%2.9%-1.1%-949.6K22.7M-116.5K1.154.644,6365,31143,24762,540
2025-01-13$15.50$18.0041.0%11.6%27.4%22.7%39.1%1.0%-0.6%-2.4M36.3M-100.2K1.1013.581,6251,78045,38762,488
2025-01-14$15.82$18.0040.4%11.5%28.9%21.6%40.1%-6.5%0.4%-2.3M27.3M-97.3K4.845.199824,75346,02161,857
2025-01-15$16.26$18.0037.2%10.7%30.7%15.5%36.9%-0.6%1.1%-1.4M14.2M-95.3K0.616.661,27478145,92961,643
2025-01-16$15.68$18.0040.9%10.3%32.9%22.6%37.8%-10.9%-1.7%-3.7M30.3M-89.8K1.3716.801,7092,34945,78061,372
2025-01-17$16.05$18.0040.5%10.1%34.4%21.7%35.9%0.4%-12.0%-6.0M14.9M-82.9K1.379.221,5542,12346,26060,606
2025-01-21$17.11$17.0034.7%9.9%39.1%10.8%34.3%2.3%8.2%-194.3K-151.9K-78.9K0.6952.672,4161,66514,49044,948
2025-01-22$16.99$17.0033.7%9.7%39.3%8.9%34.0%2.1%3.3%-15.9K-307.6K-82.5K0.659.271,34587415,89045,736
2025-01-23$17.21$17.0035.3%10.0%39.1%12.0%33.9%2.8%1.5%91.1K-1.9M-84.5K1.7812.1534260816,73946,366
2025-01-24$17.32$17.0033.8%9.4%39.1%9.0%33.8%1.9%1.7%118.2K-2.6M-84.4K0.2614.992,45163816,86546,751
2025-01-27$16.84$17.0033.2%10.1%39.9%7.9%38.7%-4.3%17.2%26.4K94.1K-86.2K16.1813.1083813,56317,66831,822
2025-01-28$16.69$17.0035.7%10.0%40.0%12.7%34.4%2.4%14.9%-612.7K5.1M-99.9K0.606.3180748518,05344,922
2025-01-29$16.44$17.0036.9%10.2%40.4%14.9%36.1%0.7%16.1%-790.3K7.4M-99.9K10.4057.512612,71518,56545,146
2025-01-30$16.48$17.0043.0%10.1%40.3%26.7%35.9%5.5%-7.4%-858.8K8.4M-106.6K0.437.5127311818,63647,726
2025-01-31$16.16$17.0037.0%10.2%40.6%15.0%33.6%-13.9%-4.9%-974.5K12.1M-104.5K1.6617.416691,11318,69547,765