AEO Options History — April 2025

In April 2025, AEO traded between $9.54 and $12.64. ATM implied volatility averaged 60.6%, placing in the 60.2% IV rank vs the trailing year. The 30-day expected move averaged 16.8%. IV traded below realized volatility by 47.2% (HV 20d: 107.9%). Max pain ranged from $12.00 to $12.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 1.94.

Notable Days

  • 2025-04-04: Highest Volume — 42,299 contracts
  • 2025-04-03: Largest IV spike — 40.8% change
  • 2025-04-07: Highest IV Rank — 90.4%
  • 2025-04-08: Largest Expected Move — 21.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.84$9.54$12.64$12.16$10.52
Max Pain$12.00$12.00$12.00$12.00$12.00
ATM IV60.6%44.4%76.5%46.5%65.6%
Expected Move16.8%12.5%21.6%12.7%15.5%
HV 20d107.9%61.4%120.1%61.4%113.6%
HV 60d72.0%48.2%77.5%48.2%76.9%
IV Rank60.2%29.3%90.4%33.2%69.6%
IV Percentile85.1%48.8%99.6%53.6%95.2%
Term Structure2.3%-34.2%33.6%-1.4%-1.4%
VWIV57.9%43.0%80.0%43.0%53.7%
Skew 25d11.9%-21.2%41.8%2.6%15.6%
Skew 10d14.7%-48.7%45.3%13.3%21.0%
Call IV 25d54.9%41.2%80.9%44.1%56.3%
Put IV 25d66.8%46.7%87.0%46.7%71.9%
Bid-Ask Spread %48.976.2780.4074.4454.62
Gamma HHI0.410.230.760.250.40
Net GEX-1.4M-3.8M-24.6K-289.1K-1.2M
Net DEX35.1M-2.3M75.6M10.2M31.8M
Net VEX-319.1K-353.2K-287.9K-300.4K-316.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.940.095.510.090.41
Total Volume11,527.0951,64542,29926,8183,189
Total OI211,407.476182,343235,166200,193191,873

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-04-01$12.16$12.0046.5%12.7%61.4%33.2%43.0%2.6%-1.4%-289.1K10.2M-300.4K0.0974.4424,5132,30563,772136,421
2025-04-02$12.64$12.0044.4%12.5%62.9%29.3%44.0%6.4%-0.3%-24.6K-2.3M-294.8K0.5813.299,3805,45665,389137,740
2025-04-03$10.33$12.0062.5%16.9%95.6%63.9%55.8%7.0%-2.4%-1.8M58.7M-302.3K5.1369.365,56428,54668,178140,765
2025-04-04$11.07$12.0069.7%20.3%97.7%77.5%71.3%8.4%-34.2%-2.1M45.9M-353.2K2.7771.8311,23431,06571,880158,445
2025-04-07$10.30$12.0076.5%20.9%99.3%90.4%71.9%41.8%-3.4%-1.7M56.0M-313.6K4.3373.753,65015,80264,132147,626
2025-04-08$9.54$12.0062.5%21.6%100.7%63.7%80.0%6.1%33.6%-1.7M75.6M-287.9K0.8374.247,7616,40465,675157,422
2025-04-09$11.29$12.0061.6%18.2%118.8%62.1%60.1%22.1%-1.2%-1.7M32.6M-342.0K1.1780.407,2118,43472,300161,133
2025-04-10$10.56$12.0067.7%19.7%120.1%73.6%69.0%-21.2%-2.8%-2.1M52.4M-324.8K2.8178.375921,66475,155159,780
2025-04-11$10.57$12.0056.2%18.8%120.1%51.8%65.5%16.3%24.1%-2.0M49.4M-324.0K0.8224.433,5722,93175,040160,126
2025-04-14$10.68$12.0057.6%16.6%115.3%54.4%60.6%14.9%-18.9%-2.2M42.5M-306.5K0.7278.571,23688573,519153,160
2025-04-15$10.36$12.0058.8%16.9%115.6%56.7%55.2%12.0%1.0%-2.6M49.3M-291.5K5.5173.212,06911,39174,137151,159
2025-04-16$10.21$12.0063.3%18.1%115.7%65.3%54.4%11.6%19.3%-3.8M51.3M-309.3K1.0169.931,4491,45774,397159,081
2025-04-17$10.75$12.0058.5%16.3%117.5%56.2%49.7%16.0%6.9%-613.8K34.4M-317.0K3.866.271,0333,98974,880157,705
2025-04-21$10.68$12.0063.4%17.1%117.1%65.6%57.9%17.3%-0.1%-804.2K24.7M-311.6K2.9237.354,58913,38770,089112,254
2025-04-22$11.04$12.0060.1%15.9%116.2%59.1%52.9%13.3%3.3%-529.8K18.7M-341.8K3.2420.091,8155,87273,644120,624
2025-04-23$10.89$12.0057.7%15.7%116.1%54.6%54.8%14.1%4.8%-602.8K22.9M-338.6K0.3021.494,0041,18374,498123,303
2025-04-24$11.21$12.0058.5%15.0%116.0%56.2%56.1%12.5%4.2%-622.5K17.3M-340.5K0.7758.5093271972,914123,868
2025-04-25$11.18$12.0054.7%14.7%116.0%48.8%51.8%12.0%21.3%-752.3K16.8M-335.7K1.7426.196011,04473,407124,029
2025-04-28$10.96$12.0063.8%15.1%115.0%66.3%54.9%13.4%-2.8%-899.0K23.1M-328.8K0.6010.081,34280969,941119,649
2025-04-29$10.80$12.0063.4%14.7%114.4%65.4%53.9%7.7%-0.9%-992.7K25.9M-320.3K1.2411.871,3361,65470,718119,729
2025-04-30$10.52$12.0065.6%15.5%113.6%69.6%53.7%15.6%-1.4%-1.2M31.8M-316.2K0.4154.622,26692371,151120,722