AEO Options History — October 2025

In October 2025, AEO traded between $14.31 and $17.18. ATM implied volatility averaged 58.2%, placing in the 42.7% IV rank vs the trailing year. The 30-day expected move averaged 16.2%. IV traded above realized volatility by 3.6% (HV 20d: 54.5%). Max pain ranged from $12.00 to $18.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 0.92.

Notable Days

2025-10-06: Highest Volume — 31,428 contracts
2025-10-29: Largest IV spike — 12.0% change
2025-10-29: Highest IV Rank — 64.0%
2025-10-29: Largest Expected Move — 18.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$15.97	$14.31	$17.18	$17.18	$16.71
Max Pain	$13.48	$12.00	$18.00	$18.00	$13.00
ATM IV	58.2%	50.4%	72.3%	50.4%	67.8%
Expected Move	16.2%	14.5%	18.1%	14.8%	17.0%
HV 20d	54.5%	46.0%	122.5%	122.5%	52.7%
HV 60d	94.1%	83.3%	97.6%	94.3%	83.3%
IV Rank	42.7%	31.0%	64.0%	31.0%	57.3%
IV Percentile	59.2%	34.9%	90.1%	35.3%	84.9%
Term Structure	1.6%	-5.5%	9.7%	-5.5%	6.6%
VWIV	57.6%	51.5%	68.0%	53.4%	58.7%
Skew 25d	2.3%	-7.8%	47.7%	47.7%	-7.8%
Skew 10d	6.5%	-7.4%	31.7%	-7.4%	31.7%
Call IV 25d	59.8%	52.8%	83.8%	64.2%	68.9%
Put IV 25d	62.1%	50.8%	111.9%	111.9%	61.1%
Bid-Ask Spread %	37.92	18.42	69.91	44.44	35.49
Gamma HHI	0.11	0.08	0.25	0.09	0.12
Net GEX	784.1K	-465.3K	1.5M	492.2K	738.3K
Net DEX	-72.9M	-103.2M	-25.5M	-88.3M	-92.7M
Net VEX	-421.0K	-443.1K	-394.3K	-441.6K	-415.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.92	0.21	2.17	1.29	0.49
Total Volume	10,819.565	3,398	31,428	8,222	3,398
Total OI	237,992.043	223,826	255,232	242,974	224,917

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2025-10-01	$17.18	$18.00	50.4%	14.8%	122.5%	31.0%	53.4%	47.7%	-5.5%	492.2K	-88.3M	-441.6K	1.29	44.44	3,592	4,630	144,819	98,155
2025-10-02	$17.04	$18.00	51.2%	14.6%	54.1%	32.2%	54.4%	-2.1%	1.5%	389.3K	-85.0M	-433.5K	1.92	38.12	3,770	7,253	145,741	98,294
2025-10-03	$16.96	$18.00	50.5%	14.5%	53.8%	31.2%	51.5%	-2.7%	-0.5%	-465.3K	-82.8M	-433.8K	1.06	18.42	5,750	6,113	147,379	98,750
2025-10-06	$15.86	$12.00	52.9%	15.0%	57.7%	34.7%	53.1%	-2.1%	-0.4%	743.2K	-57.6M	-401.1K	1.07	45.51	15,206	16,222	141,499	92,101
2025-10-07	$15.39	$12.00	52.3%	15.1%	57.8%	33.9%	53.6%	-2.4%	-0.2%	640.1K	-51.0M	-403.9K	1.25	27.78	5,727	7,164	146,054	92,219
2025-10-08	$15.50	$12.00	52.3%	15.1%	49.1%	33.9%	53.2%	-1.1%	-0.2%	453.6K	-52.2M	-405.1K	0.66	48.65	6,629	4,362	147,598	95,255
2025-10-09	$15.11	$12.00	51.7%	14.8%	47.8%	33.0%	52.7%	0.6%	-0.3%	493.4K	-43.3M	-395.9K	0.57	32.44	8,727	4,953	150,890	96,025
2025-10-10	$14.31	$13.00	56.8%	16.3%	46.0%	40.7%	58.4%	0.2%	-0.6%	601.3K	-25.5M	-394.3K	1.02	58.23	13,133	13,431	150,999	96,979
2025-10-13	$15.26	$13.00	56.2%	16.4%	47.3%	39.8%	58.5%	1.4%	1.3%	686.7K	-51.8M	-426.6K	0.47	25.50	6,435	3,005	149,951	96,365
2025-10-14	$15.79	$13.00	59.9%	16.8%	48.6%	45.3%	59.4%	-0.4%	-4.3%	898.5K	-71.3M	-443.1K	0.56	45.72	8,561	4,756	152,197	96,527
2025-10-15	$15.32	$13.00	58.8%	16.5%	48.7%	43.6%	58.4%	-1.8%	0.4%	811.5K	-59.0M	-436.6K	0.75	39.20	4,430	3,322	155,863	99,369
2025-10-16	$14.88	$13.00	58.2%	17.0%	49.0%	42.8%	60.2%	-1.1%	2.7%	730.2K	-45.4M	-420.4K	0.67	28.85	7,668	5,161	156,777	98,235
2025-10-17	$14.96	$13.00	56.6%	16.6%	48.7%	40.3%	59.3%	-1.0%	1.5%	1.5M	-54.2M	-415.7K	0.95	26.33	5,560	5,272	158,599	95,649
2025-10-20	$15.55	$13.00	56.0%	16.2%	50.8%	39.4%	57.5%	1.1%	6.2%	895.7K	-71.8M	-423.9K	0.70	38.72	5,848	4,090	137,340	87,566
2025-10-21	$15.66	$13.00	60.6%	17.5%	51.1%	46.3%	59.2%	-0.5%	-1.4%	866.8K	-74.4M	-423.0K	1.20	26.94	4,190	5,048	140,171	89,260
2025-10-22	$15.74	$13.00	59.2%	17.0%	51.2%	44.2%	58.5%	3.8%	4.2%	861.5K	-74.5M	-417.0K	1.23	44.01	3,047	3,746	140,958	89,299
2025-10-23	$16.49	$13.00	60.4%	17.2%	54.5%	46.0%	59.7%	2.3%	1.0%	1.2M	-98.7M	-432.6K	0.71	52.63	5,456	3,900	141,520	88,992
2025-10-24	$16.55	$13.00	58.9%	16.1%	54.0%	43.8%	56.7%	2.0%	7.9%	1.5M	-100.0M	-431.7K	0.38	40.50	3,493	1,312	142,414	91,619
2025-10-27	$16.86	$13.00	63.7%	16.4%	52.3%	51.1%	57.7%	-4.3%	3.3%	1.1M	-103.2M	-425.2K	0.21	23.45	4,736	997	137,446	86,380
2025-10-28	$16.74	$13.00	64.5%	16.3%	52.2%	52.3%	63.0%	4.6%	9.7%	1.1M	-100.1M	-423.2K	0.65	30.55	3,683	2,403	137,742	86,629
2025-10-29	$16.90	$13.00	72.3%	18.1%	52.1%	64.0%	68.0%	12.4%	-2.5%	972.4K	-102.1M	-428.1K	1.07	69.91	4,035	4,310	137,343	88,002
2025-10-30	$16.55	$13.00	66.4%	17.4%	52.5%	55.1%	59.6%	4.6%	7.2%	866.7K	-91.5M	-409.7K	2.17	30.83	1,364	2,962	135,993	87,937
2025-10-31	$16.71	$13.00	67.8%	17.0%	52.7%	57.3%	58.7%	-7.8%	6.6%	738.3K	-92.7M	-415.9K	0.49	35.49	2,280	1,118	136,519	88,398