AEO Options History — January 2026

In January 2026, AEO traded between $23.07 and $28.05. ATM implied volatility averaged 55.0%, placing in the 36.2% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded above realized volatility by 14.2% (HV 20d: 40.9%). Max pain ranged from $16.00 to $21.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 1.07.

Notable Days

  • 2026-01-08: Highest Volume — 107,090 contracts
  • 2026-01-15: Largest IV drop — 6.8% change
  • 2026-01-07: Highest IV Rank — 42.1%
  • 2026-01-02: Largest Expected Move — 17.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.53$23.07$28.05$26.29$23.24
Max Pain$19.35$16.00$21.00$19.00$20.00
ATM IV55.0%51.9%58.9%52.5%55.4%
Expected Move15.3%14.8%17.0%17.0%14.9%
HV 20d40.9%37.1%47.0%47.0%40.4%
HV 60d51.1%49.6%52.1%51.8%51.8%
IV Rank36.2%31.3%42.1%32.3%36.8%
IV Percentile41.2%25.0%57.5%34.1%41.7%
Term Structure0.8%-2.8%9.5%-2.1%9.5%
VWIV54.0%48.9%59.9%59.9%48.9%
Skew 25d1.6%-19.2%11.5%2.4%3.1%
Skew 10d8.3%-16.9%37.7%30.7%7.0%
Call IV 25d55.7%49.1%78.0%54.3%52.1%
Put IV 25d57.3%51.2%66.4%56.7%55.2%
Bid-Ask Spread %45.4521.2059.0928.3431.03
Gamma HHI0.120.080.210.160.08
Net GEX-410.1K-3.3M887.0K-334.6K-21.5K
Net DEX-83.3M-237.5M-27.9M-187.1M-29.3M
Net VEX-286.9K-349.7K-243.4K-317.5K-243.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.070.144.071.720.57
Total Volume12,454.21,773107,0909,2843,308
Total OI154,839.1586,932225,985218,33494,242

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$26.29$19.0052.5%17.0%47.0%32.3%59.9%2.4%-2.1%-334.6K-187.1M-317.5K1.7228.343,4145,870119,56398,771
2026-01-05$27.02$16.0053.9%15.3%47.0%34.5%54.2%-5.5%1.5%474.8K-209.2M-307.6K0.8948.543,1242,782116,44495,115
2026-01-06$28.05$16.0056.9%15.3%42.2%39.1%53.8%-19.2%-0.2%887.0K-237.5M-305.9K4.0757.454,26317,331117,52796,535
2026-01-07$27.15$16.0058.9%16.1%42.1%42.1%56.8%11.5%-2.7%271.8K-202.1M-348.1K0.9854.082,8852,831119,139105,802
2026-01-08$27.83$16.0058.2%15.3%37.1%41.0%59.6%0.6%-0.8%491.4K-217.5M-341.6K0.1438.9294,21512,875118,766107,219
2026-01-09$26.66$20.0058.0%15.2%40.6%40.8%53.5%4.9%-1.1%-1.9M-62.6M-349.7K1.6359.017,86412,83980,035116,667
2026-01-12$25.91$20.0057.3%15.8%41.5%39.7%56.5%4.9%-2.7%-1.2M-44.4M-322.5K1.5656.3211,54118,05180,604114,877
2026-01-13$26.66$20.0056.8%15.3%42.5%38.9%53.0%5.0%-2.8%-649.5K-72.7M-314.4K0.8042.263,5022,79281,246114,687
2026-01-14$25.76$20.0056.9%15.6%38.9%39.0%54.4%-2.2%-1.4%-2.2M-41.7M-309.0K0.9659.091,9591,87781,663115,837
2026-01-15$25.98$20.0053.0%15.4%38.9%33.1%54.1%3.6%1.9%-3.3M-44.5M-287.4K1.0243.202,0672,10682,521115,892
2026-01-16$25.51$21.0053.7%14.9%39.2%34.1%52.5%0.7%-1.9%-170.2K-35.8M-268.7K0.8940.271,9441,72383,238113,443
2026-01-20$25.38$21.0055.0%15.7%37.9%36.1%55.5%4.3%2.5%-25.4K-41.5M-259.1K0.5858.002,9631,71942,73444,198
2026-01-21$25.98$21.0052.2%15.0%39.0%31.8%53.3%4.5%2.3%69.1K-49.3M-260.5K0.9543.7190786644,57145,182
2026-01-22$25.09$21.0052.5%14.9%40.4%32.2%51.6%4.2%2.3%-160.0K-40.0M-254.3K0.6851.952,5611,74145,15145,590
2026-01-23$24.19$20.0051.9%14.8%40.8%31.3%51.6%4.0%0.9%-442.6K-31.7M-252.0K1.9441.291,7923,47046,88446,209
2026-01-26$24.16$20.0054.2%15.2%40.5%35.0%54.2%2.7%2.8%27.3K-35.0M-255.0K0.5621.201,61089845,02544,557
2026-01-27$23.45$20.0054.1%15.1%41.3%34.8%52.9%-2.2%3.6%-29.5K-28.4M-246.6K0.5249.402,6451,36545,68944,852
2026-01-28$23.23$20.0053.6%15.1%40.1%34.0%52.3%1.9%3.2%-16.8K-28.0M-246.0K0.3656.002,10775847,19645,362
2026-01-29$23.07$20.0056.0%15.2%40.1%37.7%51.4%3.4%1.9%-8.2K-27.9M-248.4K0.6328.991,54197848,26345,487
2026-01-30$23.24$20.0055.4%14.9%40.4%36.8%48.9%3.1%9.5%-21.5K-29.3M-243.4K0.5731.032,1051,20348,39845,844