AEO Options History — March 2025

In March 2025, AEO traded between $11.03 and $12.84. ATM implied volatility averaged 54.1%, placing in the 47.7% IV rank vs the trailing year. The 30-day expected move averaged 17.3%. IV traded above realized volatility by 2.5% (HV 20d: 51.6%). Max pain ranged from $12.00 to $15.00. Net GEX was positive for 2 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 4.67.

Notable Days

  • 2025-03-28: Highest Volume — 64,984 contracts
  • 2025-03-25: Largest IV spike — 66.3% change
  • 2025-03-04: Highest IV Rank — 81.8%
  • 2025-03-12: Largest Expected Move — 27.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.94$11.03$12.84$12.27$11.71
Max Pain$13.14$12.00$15.00$15.00$12.00
ATM IV54.1%31.7%72.0%69.4%45.0%
Expected Move17.3%11.2%27.9%21.8%12.6%
HV 20d51.6%37.1%61.9%38.9%60.1%
HV 60d43.6%36.0%48.4%48.4%47.6%
IV Rank47.7%5.0%81.8%77.0%30.4%
IV Percentile69.6%1.2%99.2%99.2%50.0%
Term Structure-4.3%-44.6%15.9%-7.6%-22.6%
VWIV61.2%42.7%98.5%74.5%44.2%
Skew 25d5.2%-1.4%10.0%1.9%4.1%
Skew 10d13.7%-6.0%36.2%36.2%2.8%
Call IV 25d51.6%29.3%67.4%64.2%44.0%
Put IV 25d56.8%39.3%75.5%66.1%48.1%
Bid-Ask Spread %26.724.4370.0941.546.39
Gamma HHI0.270.170.440.230.44
Net GEX-425.3K-1.5M239.8K-169.1K-1.3M
Net DEX13.6M-4.1M28.8M17.5M23.7M
Net VEX-167.5K-296.8K-91.9K-99.3K-296.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.670.1241.930.200.21
Total Volume16,215.0481,12864,9849,40513,425
Total OI119,134.42970,461192,36979,945192,369

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-03-03$12.27$15.0069.4%21.8%38.9%77.0%74.5%1.9%-7.6%-169.1K17.5M-99.3K0.2041.547,8341,57138,87141,074
2025-03-04$12.04$15.0072.0%22.4%38.2%81.8%77.4%8.2%-44.6%-318.3K19.1M-96.7K0.569.186,0433,40139,59141,989
2025-03-05$12.07$15.0062.7%22.8%37.1%64.2%77.8%5.7%6.3%-378.6K19.2M-102.0K1.377.601,7902,44442,24743,986
2025-03-06$12.27$14.0059.6%22.6%38.5%58.3%82.6%6.4%14.0%-18.5K15.3M-106.3K0.1748.893,31455243,23643,790
2025-03-07$12.84$14.0063.6%23.1%43.1%65.8%80.1%2.9%-2.0%-319.9K13.2M-112.9K0.814.632,6452,15544,53144,370
2025-03-10$12.21$14.0068.0%26.8%45.2%74.4%92.0%-1.4%-5.5%-414.1K16.4M-103.2K2.4738.748182,02226,65243,809
2025-03-11$11.51$14.0060.0%27.7%47.1%59.0%98.0%8.2%9.0%-551.0K21.5M-91.9K5.9643.661,71810,24526,81545,432
2025-03-12$11.55$14.0069.5%27.9%46.9%77.1%98.5%9.0%-1.4%-681.7K22.5M-94.7K1.046.6722,15023,14727,78151,918
2025-03-13$11.03$14.0053.8%16.9%48.3%47.1%59.1%8.5%0.2%-1.5M27.6M-109.6K2.8845.0214,14740,74645,31070,880
2025-03-14$11.07$13.0053.4%14.3%48.1%46.4%51.7%2.3%-4.4%-1.1M28.8M-176.8K4.7434.493,36115,91652,15297,179
2025-03-17$12.10$13.0046.9%12.4%60.0%34.1%46.4%4.5%-3.4%-394.4K9.7M-186.8K0.4468.3713,1005,82148,59979,801
2025-03-18$12.04$13.0048.2%12.9%58.0%36.6%45.0%3.3%-6.5%-332.2K10.2M-208.0K0.127.8511,2051,32955,21583,277
2025-03-19$11.97$12.0046.5%12.5%57.9%33.3%45.1%4.5%-0.2%-129.6K5.6M-218.3K0.7170.091,12279663,80183,786
2025-03-20$11.80$12.0048.0%12.9%58.0%36.2%45.7%4.7%-3.4%-313.6K8.9M-218.1K41.9313.091,06044,44863,97484,076
2025-03-21$12.07$12.0046.7%11.2%57.0%33.6%44.7%3.1%-1.4%-142.3K5.1M-220.6K1.3532.511,5642,11764,43283,050
2025-03-24$12.68$12.0031.7%12.2%59.8%5.0%42.9%10.0%15.9%137.1K-4.1M-223.6K0.268.506,6701,76255,30277,090
2025-03-25$12.43$12.0052.7%12.4%58.9%45.0%42.7%6.4%-34.5%239.8K-3.3M-219.5K0.296.391,61846560,38778,124
2025-03-26$11.91$12.0046.6%12.6%60.4%33.4%44.8%8.6%3.4%-272.7K6.9M-214.8K1.104.4389898560,74478,382
2025-03-27$11.91$12.0045.7%12.7%60.0%31.7%44.0%5.2%-1.5%-223.7K5.7M-213.5K1.415.2146866061,23677,299
2025-03-28$11.36$12.0046.0%12.9%61.9%32.3%47.6%4.1%-0.3%-692.2K16.0M-204.6K30.1157.942,08962,89561,51677,750
2025-03-31$11.71$12.0045.0%12.6%60.1%30.4%44.2%4.1%-22.6%-1.3M23.7M-296.8K0.216.3911,0912,33457,582134,787