AEO Options History — April 2026

In April 2026, AEO traded between $16.86 and $19.88. ATM implied volatility averaged 57.1%, placing in the 34.8% IV rank vs the trailing year. The 30-day expected move averaged 16.4%. IV traded above realized volatility by 10.2% (HV 20d: 46.9%). Max pain ranged from $16.50 to $21.00. Net GEX was positive for 16 of 16 trading days. Term structure was in contango for 9 of 16 days. Put/call ratio averaged 0.70.

Notable Days

2026-04-15: Highest Volume — 15,213 contracts
2026-04-09: Largest IV drop — 7.6% change
2026-04-01: Highest IV Rank — 44.6%
2026-04-01: Largest Expected Move — 18.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.37	$16.86	$19.88	$17.41	$18.09
Max Pain	$20.09	$16.50	$21.00	$16.50	$20.00
ATM IV	57.1%	53.5%	63.0%	63.0%	61.0%
Expected Move	16.4%	15.3%	18.1%	18.1%	17.5%
HV 20d	46.9%	39.8%	65.5%	65.5%	52.1%
HV 60d	55.7%	54.3%	57.1%	54.9%	57.1%
IV Rank	34.8%	28.7%	44.6%	44.6%	41.3%
IV Percentile	39.0%	23.8%	57.1%	57.1%	56.0%
Term Structure	2.9%	-1.1%	23.5%	0.1%	8.8%
VWIV	58.3%	54.4%	61.2%	61.2%	60.0%
Skew 25d	3.7%	-0.3%	7.6%	6.3%	7.6%
Skew 10d	3.9%	-12.8%	18.5%	7.1%	-12.8%
Call IV 25d	56.3%	53.0%	61.7%	59.9%	53.8%
Put IV 25d	59.9%	55.8%	66.1%	66.1%	61.4%
Bid-Ask Spread %	19.27	14.28	26.57	26.57	25.15
Gamma HHI	0.18	0.12	0.37	0.16	0.15
Net GEX	689.2K	378.9K	1.5M	678.3K	449.4K
Net DEX	-13.6M	-36.7M	-1.4M	-10.2M	-3.4M
Net VEX	-190.8K	-200.0K	-182.9K	-200.0K	-184.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.70	0.12	1.78	0.75	1.44
Total Volume	6,570.688	3,043	15,213	7,071	4,903
Total OI	102,266.688	89,106	115,285	102,913	97,519

Daily Data (16 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
2026-04-01	$17.41	$16.50	63.0%	18.1%	65.5%	44.6%	61.2%	6.3%	0.1%	678.3K	-10.2M	-200.0K	0.75	26.57	4,051	3,020	58,028	44,885
2026-04-02	$16.86	$20.00	62.3%	17.9%	39.8%	43.4%	60.2%	-0.3%	-0.6%	639.8K	-1.4M	-193.6K	0.12	20.66	4,741	577	58,812	46,382
2026-04-06	$17.45	$20.00	59.6%	17.1%	40.4%	38.9%	59.8%	4.7%	-0.6%	688.8K	-6.9M	-188.8K	0.30	19.00	4,422	1,337	57,151	44,917
2026-04-07	$17.30	$20.00	59.5%	17.0%	40.4%	38.7%	60.6%	2.4%	-0.1%	718.1K	-5.5M	-189.6K	1.78	16.72	1,093	1,950	57,881	45,853
2026-04-08	$18.23	$20.00	57.9%	16.6%	44.4%	36.1%	58.3%	6.0%	-1.1%	811.5K	-15.9M	-192.5K	0.85	18.13	3,562	3,026	58,190	47,319
2026-04-09	$18.66	$20.00	53.5%	15.3%	43.5%	28.7%	58.9%	5.4%	0.6%	745.9K	-20.1M	-193.4K	0.54	17.58	6,709	3,622	57,607	49,470
2026-04-10	$18.23	$21.00	56.3%	16.2%	42.1%	33.5%	59.6%	5.6%	-0.5%	611.8K	-5.5M	-192.2K	1.08	14.28	2,166	2,332	52,768	52,435
2026-04-13	$18.04	$21.00	56.1%	16.1%	42.3%	33.0%	56.0%	4.9%	0.4%	649.9K	-8.0M	-184.0K	0.92	15.19	2,200	2,032	52,227	48,608
2026-04-14	$17.88	$21.00	53.5%	15.3%	42.4%	28.8%	54.6%	4.3%	1.9%	781.1K	-7.2M	-182.9K	0.93	14.76	1,734	1,612	52,936	49,209
2026-04-15	$19.27	$21.00	54.8%	15.7%	49.8%	30.9%	55.3%	0.2%	1.2%	505.1K	-25.9M	-185.0K	0.13	19.59	13,509	1,704	54,088	49,671
2026-04-16	$19.07	$21.00	54.8%	15.7%	49.4%	31.0%	54.4%	1.3%	-0.4%	929.1K	-30.2M	-192.5K	0.37	15.87	3,841	1,438	63,740	49,876
2026-04-17	$19.45	$20.00	53.5%	15.3%	49.6%	28.7%	55.1%	3.0%	-0.1%	1.5M	-36.7M	-196.2K	0.18	18.63	7,059	1,293	65,214	50,071
2026-04-20	$19.88	$20.00	55.2%	15.8%	49.1%	31.6%	60.5%	3.5%	6.3%	378.9K	-18.4M	-193.6K	1.13	24.73	4,257	4,831	43,365	45,741
2026-04-21	$19.32	$20.00	55.6%	15.9%	50.1%	32.2%	59.3%	1.5%	23.5%	484.5K	-13.9M	-196.8K	0.22	21.27	5,765	1,293	45,407	44,136
2026-04-22	$18.76	$20.00	57.6%	16.5%	49.8%	35.6%	58.5%	2.5%	7.3%	436.5K	-7.7M	-187.1K	0.37	20.17	3,688	1,364	48,063	44,698
2026-04-23	$18.09	$20.00	61.0%	17.5%	52.1%	41.3%	60.0%	7.6%	8.8%	449.4K	-3.4M	-184.0K	1.44	25.15	2,011	2,892	52,138	45,381