AEO Options History — February 2026

In February 2026, AEO traded between $22.98 and $25.38. ATM implied volatility averaged 71.8%, placing in the 62.2% IV rank vs the trailing year. The 30-day expected move averaged 21.2%. IV traded above realized volatility by 27.7% (HV 20d: 44.1%). Max pain ranged from $20.00 to $25.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.82.

Notable Days

  • 2026-02-23: Highest Volume — 7,635 contracts
  • 2026-02-12: Largest IV spike — 17.5% change
  • 2026-02-12: Highest IV Rank — 76.0%
  • 2026-02-27: Largest Expected Move — 24.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.26$22.98$25.38$24.53$24.44
Max Pain$24.26$20.00$25.00$20.00$25.00
ATM IV71.8%57.9%80.7%58.2%75.0%
Expected Move21.2%15.3%24.6%15.3%24.6%
HV 20d44.1%40.7%48.8%45.7%48.8%
HV 60d52.9%51.8%53.9%52.6%53.5%
IV Rank62.2%40.6%76.0%41.0%67.2%
IV Percentile78.9%52.4%94.0%53.6%81.7%
Term Structure-0.9%-7.2%11.5%5.6%-3.5%
VWIV74.5%53.3%87.2%53.3%86.0%
Skew 25d3.0%-7.0%5.9%2.6%5.0%
Skew 10d11.3%-6.7%41.3%8.8%13.5%
Call IV 25d71.5%61.3%78.5%61.3%75.0%
Put IV 25d74.5%55.3%81.7%63.9%80.0%
Bid-Ask Spread %38.4721.1764.3757.1824.88
Gamma HHI0.150.080.400.080.12
Net GEX441.8K-79.0K1.6M125.2K-11.4K
Net DEX-42.2M-66.7M-18.0M-42.6M-27.0M
Net VEX-235.3K-250.6K-222.1K-247.9K-229.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.181.850.180.56
Total Volume4,204.7371,5507,6357,5273,090
Total OI89,530.94763,231101,14890,43370,571

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-02-02$24.53$20.0058.2%15.3%45.7%41.0%53.3%2.6%5.6%125.2K-42.6M-247.9K0.1857.186,3961,13146,20444,229
2026-02-03$23.89$20.0063.1%15.8%44.9%48.7%56.5%5.9%0.1%348.3K-42.0M-249.1K1.1538.051,5861,82450,99344,580
2026-02-04$24.09$21.0057.9%16.0%42.3%40.6%56.3%-7.0%11.5%396.2K-43.9M-250.6K1.8543.471,1802,18251,47744,792
2026-02-05$22.98$25.0066.4%20.9%43.7%53.8%71.8%5.3%3.2%205.5K-32.1M-243.1K0.9331.851,9661,82951,43944,974
2026-02-06$23.84$25.0067.2%20.6%45.1%55.0%71.3%2.3%0.5%416.4K-43.5M-246.2K1.2742.561,1891,51252,51944,760
2026-02-09$23.59$25.0066.6%20.4%43.2%54.1%69.9%1.6%2.5%328.7K-39.6M-232.4K1.3064.372,2982,99751,06843,998
2026-02-10$23.78$25.0069.8%20.3%42.6%59.1%71.5%3.3%0.4%319.0K-43.5M-235.3K0.9941.932,3012,27952,23345,220
2026-02-11$23.85$25.0068.7%20.6%40.9%57.4%72.1%4.2%1.1%403.7K-44.6M-235.8K0.6840.301,21782853,08644,981
2026-02-12$24.44$25.0080.7%22.3%40.7%76.0%76.6%3.4%-6.5%644.6K-54.1M-241.9K0.8941.951,7271,54353,58745,038
2026-02-13$25.38$25.0076.9%21.6%43.1%70.1%81.6%2.8%-2.7%919.4K-66.7M-239.3K0.2432.505,8851,44154,21145,380
2026-02-17$24.75$25.0078.3%22.3%43.5%72.3%78.6%1.5%-3.4%886.8K-54.4M-227.2K0.2438.054,9531,21353,60644,060
2026-02-18$24.95$25.0078.0%22.4%43.6%71.8%77.8%1.4%-2.8%794.7K-57.1M-225.1K1.3632.761,5152,05653,05944,571
2026-02-19$24.94$25.0078.0%22.5%42.6%71.8%78.0%4.1%-3.4%818.4K-54.8M-226.3K1.3028.331,4191,84753,48146,200
2026-02-20$25.23$25.0076.8%22.6%41.1%69.9%78.0%3.6%-7.2%1.6M-58.5M-229.0K0.2862.774,9591,40253,95847,190
2026-02-23$23.51$25.0076.5%23.3%46.5%69.4%82.9%4.6%-2.6%-79.0K-18.0M-222.1K0.6442.574,6582,97730,65232,579
2026-02-24$23.80$25.0075.9%23.7%46.8%68.5%82.4%3.2%-2.2%-86-22.5M-230.2K0.6721.1792762333,51234,574
2026-02-25$23.98$25.0076.3%23.7%45.6%69.1%83.3%5.0%-3.8%29.5K-24.2M-228.7K0.3721.801,53356433,87834,840
2026-02-26$25.06$25.0074.7%24.1%47.8%66.6%87.2%5.0%-3.6%246.2K-32.3M-230.7K0.5824.401,7951,04834,55935,029
2026-02-27$24.44$25.0075.0%24.6%48.8%67.2%86.0%5.0%-3.5%-11.4K-27.0M-229.4K0.5624.881,9861,10434,99435,577