AEO Options History — March 2026

In March 2026, AEO traded between $15.89 and $22.61. ATM implied volatility averaged 63.4%, placing in the 48.5% IV rank vs the trailing year. The 30-day expected move averaged 18.8%. IV traded below realized volatility by 4.3% (HV 20d: 67.8%). Max pain ranged from $16.00 to $25.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.53.

Notable Days

  • 2026-03-04: Highest Volume — 29,024 contracts
  • 2026-03-05: Largest IV drop — 21.7% change
  • 2026-03-03: Highest IV Rank — 72.5%
  • 2026-03-04: Largest Expected Move — 26.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.06$15.89$22.61$22.42$16.71
Max Pain$17.36$16.00$25.00$25.00$16.50
ATM IV63.4%57.3%78.4%76.5%62.5%
Expected Move18.8%16.4%26.6%26.5%17.9%
HV 20d67.8%53.8%75.9%58.1%63.0%
HV 60d53.7%48.5%56.8%56.3%54.4%
IV Rank48.5%39.8%72.5%69.5%43.7%
IV Percentile60.2%46.0%90.1%84.9%56.7%
Term Structure-1.0%-9.9%5.9%5.9%-0.2%
VWIV65.8%53.2%94.0%88.1%61.0%
Skew 25d3.5%-5.1%6.9%3.0%6.9%
Skew 10d5.9%-45.5%23.5%-45.5%5.9%
Call IV 25d63.0%57.9%75.7%75.7%62.7%
Put IV 25d66.5%59.3%80.6%78.7%69.6%
Bid-Ask Spread %31.7616.3271.1456.7016.44
Gamma HHI0.120.090.180.120.15
Net GEX181.7K-754.5K528.7K-8.0K528.7K
Net DEX1.5M-24.9M25.7M-15.0M-2.1M
Net VEX-196.5K-230.0K-178.7K-216.7K-190.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.121.430.280.35
Total Volume9,215.6822,98729,0248,5876,321
Total OI93,782.13669,261106,31769,26198,965

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-03-02$22.42$25.0076.5%26.5%58.1%69.5%88.1%3.0%5.9%-8.0K-15.0M-216.7K0.2856.706,6881,89934,38634,875
2026-03-03$22.38$22.0078.4%26.5%54.2%72.5%93.2%5.8%-9.9%148.2K-18.5M-229.5K0.2463.245,8041,36839,58237,910
2026-03-04$22.61$22.0075.4%26.6%53.8%67.7%94.0%4.2%-4.7%305.4K-24.9M-230.0K1.0928.8613,90215,12242,85338,496
2026-03-05$19.37$23.0059.0%16.4%75.9%42.4%53.2%2.3%0.2%-754.5K25.7M-185.2K0.9937.4013,94013,87051,15550,641
2026-03-06$18.62$16.0060.9%17.3%75.5%45.2%63.2%1.1%1.0%-362.7K23.6M-188.6K1.4352.155,7868,24656,01950,298
2026-03-09$18.48$16.0063.4%17.4%73.4%49.2%61.5%-5.1%-2.7%116.5K5.2M-187.7K0.5956.345,1063,03645,84339,877
2026-03-10$18.82$16.0057.3%16.6%74.2%39.8%58.1%2.7%3.0%316.8K-1.5M-200.4K0.9571.143,4853,32348,90740,803
2026-03-11$18.18$16.0059.8%17.0%74.3%43.6%59.1%3.7%-0.2%115.6K3.7M-193.4K0.8134.931,9061,55149,96840,686
2026-03-12$17.52$16.0062.2%17.3%74.5%47.3%61.4%2.7%-1.1%-9.7K8.3M-185.3K0.6520.664,1432,67550,60040,942
2026-03-13$17.55$16.0061.0%18.1%73.3%45.5%60.3%4.5%-1.1%42.5K3.7M-194.0K0.2427.325,4621,33852,46440,935
2026-03-16$17.42$16.0063.1%18.2%70.6%48.7%63.2%1.5%-2.5%173.9K3.0M-189.4K0.4218.648,3863,50250,95539,381
2026-03-17$17.59$16.0059.0%17.0%71.2%42.3%59.9%5.2%-0.5%312.8K-955.3K-205.6K0.1922.817,1111,34657,62741,694
2026-03-18$17.27$16.0061.4%17.6%70.6%46.1%61.2%4.0%-1.4%276.4K695.0K-200.7K0.2927.152,31966858,11141,828
2026-03-19$17.50$16.0061.2%17.4%71.2%45.7%60.9%4.2%0.1%311.9K-2.2M-203.6K0.3423.695,0601,70358,75541,909
2026-03-20$17.18$16.0061.3%17.5%70.4%45.9%61.4%3.4%-1.9%229.4K409.1K-200.8K0.4216.324,4091,84462,31342,026
2026-03-23$16.91$16.0061.0%17.5%67.7%45.4%61.6%5.0%-1.1%440.7K-101.7K-192.7K0.8719.254,4643,87250,44039,607
2026-03-24$16.38$16.0061.7%17.7%67.1%46.4%62.6%5.3%-0.3%398.3K4.3M-187.4K0.3618.847,5202,71753,24842,807
2026-03-25$16.52$16.0059.7%17.2%67.1%43.4%61.8%6.3%-0.7%516.1K1.4M-193.7K0.1220.985,57166757,29444,537
2026-03-26$16.09$16.5062.4%18.2%62.9%43.6%62.0%4.0%-0.9%373.8K5.3M-185.1K0.4519.172,8601,27456,12244,710
2026-03-27$16.00$16.5063.7%18.1%63.2%45.7%65.8%5.1%-0.7%199.1K5.5M-184.5K0.3923.623,2831,26857,24244,343
2026-03-30$15.89$16.5064.7%18.7%58.4%47.4%74.3%2.2%-2.6%325.2K6.3M-178.7K0.2123.036,5601,37048,90343,150
2026-03-31$16.71$16.5062.5%17.9%63.0%43.7%61.0%6.9%-0.2%528.7K-2.1M-190.9K0.3516.444,6751,64654,68744,278