AEO Options History — August 2025

In August 2025, AEO traded between $10.66 and $13.46. ATM implied volatility averaged 77.1%, placing in the 71.5% IV rank vs the trailing year. The 30-day expected move averaged 21.8%. IV traded below realized volatility by 17.9% (HV 20d: 95.0%). Max pain ranged from $11.00 to $12.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.67.

Notable Days

  • 2025-08-04: Highest Volume — 216,444 contracts
  • 2025-08-04: Largest IV spike — 41.4% change
  • 2025-08-04: Highest IV Rank — 100.0%
  • 2025-08-04: Largest Expected Move — 25.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.62$10.66$13.46$10.66$12.95
Max Pain$11.86$11.00$12.00$12.00$12.00
ATM IV77.1%57.0%96.2%68.0%73.0%
Expected Move21.8%15.9%25.0%15.9%22.8%
HV 20d95.0%46.0%102.9%46.0%102.5%
HV 60d66.4%50.4%69.6%50.4%69.0%
IV Rank71.5%40.9%100.0%61.9%65.0%
IV Percentile93.1%63.1%100.0%94.0%91.7%
Term Structure-2.7%-15.6%28.0%-15.6%-3.6%
VWIV79.8%58.8%93.1%58.8%81.9%
Skew 25d-9.7%-25.2%9.0%-25.2%-6.0%
Skew 10d-13.1%-49.4%24.9%24.9%-1.0%
Call IV 25d84.9%68.5%109.1%71.8%77.8%
Put IV 25d75.2%46.6%94.4%46.6%71.8%
Bid-Ask Spread %27.2612.3166.2766.2718.30
Gamma HHI0.160.100.540.130.25
Net GEX2.3M9.4K7.8M9.4K3.2M
Net DEX-75.6M-129.9M-1.6M-1.6M-77.6M
Net VEX-441.2K-481.1K-327.9K-327.9K-454.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.164.561.010.63
Total Volume44,05013,315216,44424,71523,091
Total OI327,641.762270,907409,898291,674335,648

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-08-01$10.66$12.0068.0%15.9%46.0%61.9%58.8%-25.2%-15.6%9.4K-1.6M-327.9K1.0166.2712,27612,439148,390143,284
2025-08-04$13.18$11.0096.2%25.0%85.9%100.0%93.1%-14.7%-3.1%1.1M-88.2M-400.5K0.2740.34170,22346,221141,439135,430
2025-08-05$12.07$11.0085.3%22.6%93.3%83.5%91.6%-14.1%-2.0%1.5M-54.2M-430.0K0.5231.0155,94029,326206,202155,900
2025-08-06$12.75$11.0090.7%23.8%94.6%91.7%89.3%-14.3%-8.3%2.5M-93.8M-464.0K0.2838.7445,44412,648222,344159,046
2025-08-07$12.57$12.0086.2%23.1%95.1%85.0%83.0%-16.6%-3.5%2.6M-85.9M-465.3K0.4413.5416,4047,256243,798163,990
2025-08-08$12.41$12.0081.0%20.8%94.7%77.1%78.7%-13.1%-6.1%1.8M-69.6M-437.0K0.5026.4919,5849,857242,711167,187
2025-08-11$12.54$12.0079.4%21.6%94.6%74.8%84.5%-13.0%-2.4%1.7M-72.1M-428.7K0.3125.2620,5046,281189,428121,191
2025-08-12$12.52$12.0078.1%21.4%94.5%72.7%79.3%-13.5%-2.3%2.0M-72.3M-433.9K0.1627.8542,1276,927200,030123,585
2025-08-13$13.46$12.0082.1%22.0%96.0%78.7%79.2%-9.1%-6.3%3.3M-129.9M-481.1K0.2123.3543,0438,934224,668126,775
2025-08-14$12.71$12.0082.1%22.7%99.4%78.8%80.2%-10.2%-3.8%3.0M-91.1M-477.4K0.1716.8150,5868,643236,444129,649
2025-08-15$13.02$12.0078.3%21.9%99.2%73.1%77.2%9.0%-3.5%7.8M-116.6M-480.0K0.2535.9419,9105,057246,984130,343
2025-08-18$12.86$12.0077.3%21.8%99.6%71.5%80.3%-8.8%-3.0%2.3M-85.7M-465.2K0.2312.3112,0282,804197,14389,367
2025-08-19$12.66$12.0073.9%21.0%99.8%66.3%77.2%-5.9%-2.5%2.2M-74.5M-446.5K0.2013.0819,6453,961197,73990,647
2025-08-20$12.27$12.0072.3%20.7%99.3%64.0%73.8%-6.6%-4.2%1.9M-56.1M-424.7K0.6827.8112,9618,758196,91392,553
2025-08-21$12.21$12.0071.9%20.7%99.0%63.4%77.2%-6.2%-1.3%1.8M-50.1M-431.9K1.4834.735,3597,956198,82496,134
2025-08-22$12.86$12.0066.1%20.6%99.2%54.7%73.3%-5.3%-3.4%1.7M-76.5M-442.3K0.4927.1912,6926,166199,67496,984
2025-08-25$12.52$12.0070.5%21.1%99.4%61.3%75.0%-6.7%-0.6%1.5M-58.7M-426.2K4.5620.559,23642,074184,39586,512
2025-08-26$12.14$12.0057.0%21.4%98.4%40.9%76.9%-21.2%28.0%1.1M-43.4M-432.4K1.0029.3410,0139,994187,532123,257
2025-08-27$13.38$12.0076.5%23.4%102.9%70.3%84.4%5.1%-5.1%2.0M-96.6M-456.0K0.1727.3258,3129,788191,943124,386
2025-08-28$13.18$12.0073.9%22.8%102.5%66.4%81.7%-7.6%-5.1%2.6M-93.4M-460.1K0.5616.3313,1667,416203,270128,738
2025-08-29$12.95$12.0073.0%22.8%102.5%65.0%81.9%-6.0%-3.6%3.2M-77.6M-454.2K0.6318.3014,1798,912204,244131,404