AEO Options Chain, Open Interest, and Volatility Data

AEO Options Open Interest & Strategy Insights

AEO – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
10	9191	13481	22672
15	14005	5533	19538
13	10374	8995	19369
9	1078	16030	17108
20	14878	902	15780
17	10397	3858	14255
14	5482	5652	11134
19	9831	1073	10904
12	7382	3229	10611
18	5694	3879	9573

AEO – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
0.43	0.39	69.95%	71.29%	1.34%

Data Analysis

Symbol: AEO Current Price: 16.97
Max Pain: 17.00 (near)

📌 Absolute OI Peak: 10.00 (22672 contracts)
🛡️ Short-term Key Levels: 15.00（19538 contracts，minor support） , 14.00（11134 contracts，major support） , 13.00（19369 contracts，major support）

📈 Put/Call OI Ratio: 0.43 (bullish, Call OI dominant)
Put/Call Volume Ratio: 0.39 (bullish, Call volume dominant)

📊 Avg Call IV: 69.95%
Avg Put IV: 71.29%
IV Skew: 1.34% (Put IV higher than Call IV by 1.34%, downward expectation slightly stronger)

⚠️ Unusual OI concentration at far OTM strike 10.00 (22672 contracts), sentiment: bearish (Put OI dominant). May reflect speculative bets or hedging demand.

Market Sentiment Based on Options by Expiration Date

Date	Call Volume	Put Volume	Open Interest	Put/Call Ratio	Sentiment
2025-11-07	479	161	2755	0.336	Moderate Bullish 📈 (70)
2025-11-14	291	247	1262	0.849	Slight Bullish 📈 (60)
2025-11-21	768	356	37907	0.464	Moderate Bullish 📈 (70)
2025-11-28	46	73	398	1.587	Moderate Bearish 📉 (30)
2025-12-05	55	50	267	0.909	Neutral ⚖️ (50)
2025-12-12	0	0	0	0.000	Moderate Bullish 📈 (70) ⚠️
2025-12-19	908	38	14806	0.042	Moderate Bullish 📈 (70) ⚠️
2026-01-16	2552	192	55502	0.075	Strong Bullish 📈💥 (85) ⚠️
2026-02-20	80	691	15477	8.637	Moderate Bearish 📉 (30) ⚠️
2026-05-15	106	134	5906	1.264	Slight Bearish 📉 (40)
2026-11-20	99	89	1764	0.899	Slight Bullish 📈 (60)
2027-01-15	219	25	8903	0.114	Moderate Bullish 📈 (70) ⚠️
2028-01-21	45	5	518	0.111	Moderate Bullish 📈 (70) ⚠️
How the Sentiment Algorithm Works This table evaluates market sentiment based on aggregated options data by expiration date. The key metrics are: Put/Call Ratio (PCR): Indicates the relative activity between put and call options. A high PCR suggests bearish sentiment, while a low PCR indicates bullish sentiment. Open Interest (OI): Represents the number of outstanding contracts. Higher values reflect strong market attention or hedging activity. Unusual activity ⚠️: Days with extremely high PCR or OI are flagged, signaling possible speculative bets or hedging pressures. The sentiment score is computed by combining PCR and OI, then classified into clear labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Scores range from 0 to 100, where higher values indicate stronger bullish sentiment and lower values indicate stronger bearish sentiment.