AEO Options History — November 2025

In November 2025, AEO traded between $16.27 and $20.52. ATM implied volatility averaged 78.2%, placing in the 72.9% IV rank vs the trailing year. The 30-day expected move averaged 22.0%. IV traded above realized volatility by 38.1% (HV 20d: 40.1%). Max pain ranged from $13.00 to $17.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.72.

Notable Days

  • 2025-11-26: Highest Volume — 20,783 contracts
  • 2025-11-05: Largest IV spike — 10.1% change
  • 2025-11-18: Highest IV Rank — 77.9%
  • 2025-11-28: Largest Expected Move — 25.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.92$16.27$20.52$16.48$20.48
Max Pain$16.37$13.00$17.00$13.00$17.00
ATM IV78.2%72.9%81.5%73.6%75.9%
Expected Move22.0%17.4%25.0%17.4%25.0%
HV 20d40.1%32.1%48.3%46.8%40.4%
HV 60d79.8%49.7%83.8%83.3%49.7%
IV Rank72.9%64.9%77.9%66.0%69.5%
IV Percentile92.8%87.3%96.4%90.9%87.3%
Term Structure-3.1%-9.0%3.1%2.2%-1.4%
VWIV77.2%62.3%89.1%62.4%89.1%
Skew 25d3.4%-2.7%16.0%1.5%-1.4%
Skew 10d-7.2%-37.1%10.7%-7.6%10.2%
Call IV 25d77.6%55.1%83.6%76.2%77.2%
Put IV 25d81.0%70.2%95.6%77.6%75.8%
Bid-Ask Spread %41.8921.7874.5239.5121.78
Gamma HHI0.120.090.150.090.12
Net GEX1.3M787.5K2.1M1.1M1.5M
Net DEX-110.2M-144.0M-79.4M-89.3M-139.1M
Net VEX-376.7K-406.4K-342.8K-391.6K-366.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.181.921.680.32
Total Volume7,209.3682,45020,7836,2106,532
Total OI210,847164,321225,372216,659180,414

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-11-03$16.48$13.0073.6%17.4%46.8%66.0%62.4%1.5%2.2%1.1M-89.3M-391.6K1.6839.512,3203,890132,90283,757
2025-11-04$16.27$13.0072.9%17.9%45.7%64.9%62.3%6.6%-1.4%1.1M-79.4M-382.5K0.8446.171,3421,128133,54084,899
2025-11-05$17.06$13.0080.3%18.0%48.3%76.0%62.7%15.6%-7.7%1.2M-103.9M-387.4K0.2836.185,8121,644133,81685,409
2025-11-06$16.64$17.0077.9%21.5%48.3%72.4%74.9%1.1%3.1%1.2M-92.5M-399.9K1.9240.422,8595,481136,47986,053
2025-11-07$17.07$17.0078.0%22.0%43.4%72.6%76.3%-2.4%-1.7%1.5M-101.3M-401.4K0.6949.203,7632,602136,81288,103
2025-11-10$17.84$17.0079.9%22.1%40.4%75.5%78.2%1.5%-0.9%1.3M-119.1M-406.4K0.3038.015,2801,561134,68785,632
2025-11-11$17.64$17.0077.2%21.3%39.7%71.4%74.8%0.5%-1.7%1.3M-113.0M-398.0K1.3341.675,6557,535135,01686,371
2025-11-12$17.88$17.0078.7%21.6%37.5%73.6%77.1%16.0%-3.8%1.3M-121.0M-390.9K1.4041.172,7223,799135,05387,686
2025-11-13$17.48$17.0079.1%21.9%36.7%74.2%75.5%2.1%-2.3%1.2M-107.0M-392.7K0.1840.273,610659135,20890,164
2025-11-14$17.69$17.0079.1%22.3%36.7%74.3%78.1%1.9%-1.8%1.0M-110.6M-380.4K0.4640.732,8071,280133,86990,250
2025-11-17$17.66$17.0081.5%23.0%35.0%77.9%80.5%-0.7%-7.7%953.6K-105.0M-371.2K0.4454.724,5671,990129,51589,027
2025-11-18$17.48$17.0081.5%23.3%35.5%77.9%81.3%0.4%-8.3%1.0M-101.1M-367.7K1.4535.251,1251,628131,62489,548
2025-11-19$17.46$17.0081.3%23.3%35.6%77.5%80.2%1.3%-9.0%954.3K-99.0M-368.5K0.6974.521,452998131,73290,010
2025-11-20$17.48$17.0081.3%23.7%32.1%77.6%80.1%1.6%-7.2%787.5K-100.5M-357.0K0.2447.204,5711,117132,24290,582
2025-11-21$18.65$17.0079.1%23.1%38.9%74.2%81.5%4.3%-5.8%2.1M-132.4M-360.1K0.1960.907,8591,462131,53790,638
2025-11-24$19.05$17.0077.1%23.1%39.0%71.3%82.3%15.1%-0.2%1.4M-112.6M-342.8K0.2333.955,0721,184106,11958,202
2025-11-25$19.59$17.0075.4%22.9%39.4%68.7%81.4%-2.7%-3.6%1.5M-123.8M-349.3K0.2827.668,5112,378108,28358,665
2025-11-26$20.52$17.0075.9%24.1%41.7%69.4%88.9%1.9%-0.7%1.6M-144.0M-343.2K0.8026.5611,5319,252112,42059,829
2025-11-28$20.48$17.0075.9%25.0%40.4%69.5%89.1%-1.4%-1.4%1.5M-139.1M-366.4K0.3221.784,9431,589114,76265,652