AEO Options History — May 2025

In May 2025, AEO traded between $10.71 and $12.73. ATM implied volatility averaged 64.4%, placing in the 67.4% IV rank vs the trailing year. The 30-day expected move averaged 18.2%. IV traded above realized volatility by 2.4% (HV 20d: 62.0%). Max pain ranged from $11.00 to $12.00. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 2.22.

Notable Days

  • 2025-05-14: Highest Volume — 52,601 contracts
  • 2025-05-08: Largest IV spike — 83.6% change
  • 2025-05-23: Highest IV Rank — 75.9%
  • 2025-05-28: Largest Expected Move — 20.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.38$10.71$12.73$10.77$11.05
Max Pain$11.52$11.00$12.00$12.00$11.00
ATM IV64.4%36.3%68.9%65.0%52.8%
Expected Move18.2%14.9%20.3%15.2%14.9%
HV 20d62.0%37.6%112.9%112.9%59.0%
HV 60d79.6%77.0%81.8%77.0%81.0%
IV Rank67.4%13.8%75.9%68.5%45.2%
IV Percentile88.3%14.7%97.2%94.8%56.3%
Term Structure-2.0%-4.0%0.4%0.4%-0.9%
VWIV63.5%51.9%72.8%54.6%54.4%
Skew 25d9.6%2.1%35.5%7.6%2.1%
Skew 10d24.7%9.0%100.0%37.9%31.0%
Call IV 25d60.4%37.3%65.5%61.6%51.8%
Put IV 25d70.0%53.9%74.7%69.1%53.9%
Bid-Ask Spread %32.637.6877.568.9864.18
Gamma HHI0.290.240.360.360.26
Net GEX-579.4K-1.3M585.4K-1.1M-1.3M
Net DEX11.0M-22.8M29.2M26.2M20.1M
Net VEX-310.8K-325.8K-286.6K-318.7K-308.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.220.1713.170.901.44
Total Volume11,839.8571,25552,6012,35311,209
Total OI210,913.524187,877272,447193,739272,447

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-05-01$10.77$12.0065.0%15.2%112.9%68.5%54.6%7.6%0.4%-1.1M26.2M-318.7K0.908.981,2401,11372,644121,095
2025-05-02$11.14$12.0065.3%15.1%87.3%69.1%51.9%12.1%0.4%-786.0K17.5M-325.8K0.2413.712,44858373,397121,689
2025-05-05$11.16$12.0067.2%18.0%83.8%72.7%60.4%9.8%-1.3%-774.8K17.4M-318.5K0.5522.651,18965073,811120,878
2025-05-06$11.05$12.0067.7%18.3%79.5%73.6%66.0%9.5%-1.3%-829.6K19.3M-314.7K2.227.6843797274,626120,957
2025-05-07$11.19$12.0036.3%18.3%73.6%13.8%60.9%35.5%0.4%-718.2K15.9M-316.2K0.5071.3683542075,083121,644
2025-05-08$11.48$12.0066.6%18.5%43.8%71.6%61.5%10.5%-1.8%-442.2K9.2M-319.3K0.8311.9496479875,575121,717
2025-05-09$11.16$11.0068.0%18.6%37.6%74.2%64.1%11.5%-3.8%-750.7K15.7M-309.6K2.2012.452,0374,47876,052121,998
2025-05-12$12.11$11.0065.9%17.5%46.8%70.3%70.1%10.9%-3.4%242.4K-6.7M-297.2K13.1761.491,39318,33974,927119,532
2025-05-13$12.73$12.0064.9%17.3%49.3%68.4%63.6%11.6%-4.0%585.4K-22.8M-286.6K0.8414.982,2341,87275,160112,717
2025-05-14$11.93$11.0065.8%18.2%54.2%70.1%65.6%9.6%-1.8%245.7K-3.8M-287.4K4.1068.3010,31442,28776,164114,113
2025-05-15$11.96$12.0066.3%18.2%53.6%70.9%56.0%9.1%-3.5%552.9K-3.5M-310.5K0.1777.5618,6623,11683,491136,363
2025-05-16$12.34$12.0065.6%18.4%51.9%69.8%60.9%5.2%-1.9%-226.7K-22.2M-317.8K0.7975.758,2306,52099,362137,300
2025-05-19$11.84$12.0065.0%18.3%54.5%68.4%62.0%8.6%-1.1%-458.1K4.0M-322.4K0.8421.742,1231,78178,517125,083
2025-05-20$11.36$12.0066.5%18.9%55.8%71.4%65.8%4.2%-1.1%-729.5K14.3M-313.8K1.5313.632,0933,21179,833125,919
2025-05-21$10.71$11.0067.6%19.4%59.6%73.5%67.3%9.0%-1.6%-1.1M27.8M-296.8K1.7611.092,4284,26879,948125,450
2025-05-22$10.91$11.0066.5%19.2%59.0%71.3%66.0%5.1%-3.8%-975.6K23.4M-298.9K6.2315.971,73810,82781,236126,612
2025-05-23$10.71$11.0068.9%20.1%59.4%75.9%70.4%9.7%-3.9%-1.1M29.2M-297.3K1.3314.619,29312,38182,040136,778
2025-05-27$11.11$11.0067.4%20.2%60.5%73.2%69.1%7.0%-2.0%-863.4K17.4M-323.5K1.1513.812,0342,34491,513142,947
2025-05-28$11.14$11.0066.9%20.3%60.2%72.2%72.8%8.2%-2.8%-844.2K15.9M-321.9K3.8655.062,5609,87993,002144,830
2025-05-29$11.18$11.0066.3%20.0%59.3%71.0%70.7%5.2%-3.0%-889.8K16.4M-321.1K2.0728.2312,80726,53094,269148,465
2025-05-30$11.05$11.0052.8%14.9%59.0%45.2%54.4%2.1%-0.9%-1.3M20.1M-308.6K1.4464.184,5996,610103,997168,450