Consumer Discretionary

American Eagle Outfitters, Inc. (AEO) options and signal

Figures as of 28 Sep 2026

AEO is American Eagle Outfitters, Inc., a Consumer Discretionary name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

Membership gets tonight's signals the night they publish. Free gets every options screen, never delayed, and the signals one trading day behind.

Start free See the plans

At a glance

Figure	Value	Date
IV rank	80 of 100	28 Sep
At the money IV	52.8%	28 Sep
Priced move to 30 Oct	13.8% down, 15.5% up	28 Sep
Call wall and put wall	Both 15	28 Sep
Signal and the desk's view	No signal, view bearish	25 Sep
Last close	17.31	28 Sep
Next report	1 Dec 2026	28 Sep

Options Snapshot

AEO's IV rank is 80 of 100 on 28 Sep 2026.

Figure	Value
IV rank	80 of 100
At the money IV	52.8%, near month, 32 days
Put/call ratio, open interest	0.65
Call open interest, strikes captured near the price	59,200 contracts
Put open interest, strikes captured near the price	38,400 contracts
Cost to trade at the money	Wide, 55.9% of the option's mid price

IV rank is where the at the money IV sits among AEO's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Options Snapshot in RingMaster The Options Snapshot guide

Priced Range

On 28 Sep 2026, AEO options priced a move of 13.8 percent down and 15.5 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	5.7%	5.8%	16.33 to 18.31
9 Oct 2026	11	11.0%	8.3%	15.41 to 18.75
16 Oct 2026	18	11.4%	10.5%	15.34 to 19.12
30 Oct 2026	32	13.8%	15.5%	14.92 to 20.00
6 Nov 2026	39	16.3%	15.7%	14.48 to 20.03
20 Nov 2026	53	18.1%	19.6%	14.17 to 20.70
19 Feb 2027	144	32.3%	32.8%	11.72 to 22.99

The range is one standard deviation either side of the close of 17.31, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Priced Range in RingMaster The Priced Range guide

Gamma Map

On 28 Sep 2026, AEO's call wall and put wall are both at the 15 strike.

Figure	Value
Call wall, most open call gamma	15
Put wall, most open put gamma	15
Flip strike, where net gamma changes sign	14.51
Net dollar gamma, calls minus puts	$895,532
Total dollar gamma, both sides	$2.45 million
Close	17.31

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Gamma Map in RingMaster The Gamma Map guide

Volatility History

On 28 Sep 2026, AEO's at the money IV is 52.8 percent against 20 day realized volatility of 65.5 percent.

Figure	Value
At the money IV	52.8%
Realized volatility, 20 trading days	65.5%
Realized volatility, 60 trading days	54.1%
IV against its own weekly record	In the middle
Weekly readings on record	847, from 8 Jan 2010
Weeks the price moved more than the one week priced move	24.6% of 236 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility History in RingMaster The Volatility History guide

Volatility Weather

On 28 Sep 2026, AEO's at the money IV runs from 56.6 percent at 4 days to 51.9 percent at 144 days.

Days to expiry	At the money IV
4	56.6%
11	51.3%
18	49.2%
25	52.1%
32	52.8%
39	50.0%
53	50.7%
144	51.9%

Near expiries price more volatility than far ones, an inverted term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Weather in RingMaster The Volatility Weather guide

Volatility Smile

On 28 Sep 2026, at the 32 day expiry, AEO's IV ten percent below the price sits 7.3 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	60.2%	+7.3 points
At the money	52.8%	0.0 points
10% above the price	56.2%	+3.4 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Smile in RingMaster The Volatility Smile guide

Volatility Surface

On 28 Sep 2026, AEO's surface spans 9 expiries out to 144 days, with IV from 46.8 to 65.3 percent near the price.

Figure	Value
Expiries captured	9
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Feb 2027, 144 days
Points within 10% of the price, 7 days out or more	44
Lowest IV among them	46.8%
Highest IV among them	65.3%

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Surface in RingMaster The Volatility Surface guide

Expiry Ladder

On 28 Sep 2026, AEO has 9 captured expiries, from 2 Oct 2026 to 19 Feb 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	56.6%	2,977	1,791
9 Oct 2026	11	51.3%	1,371	543
16 Oct 2026	18	49.2%	8,137	4,934
23 Oct 2026	25	52.1%	1,007	541
30 Oct 2026	32	52.8%	334	414
6 Nov 2026	39	50.0%	26	3
20 Nov 2026	53	50.7%	26,636	9,159
15 Jan 2027	109	52.5%	15,764	16,497
19 Feb 2027	144	51.9%	2,961	4,564

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Expiry Ladder in RingMaster The Expiry Ladder guide

Strike Table

On 28 Sep 2026, AEO's largest open interest sits at the 15 strike, with 32,819 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
15	24,444	8,375	32,819
17	5,831	4,724	10,555
14	687	6,905	7,592
16	3,798	3,232	7,030
20	3,907	1,479	5,386
18	4,426	643	5,069

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Strike Table in RingMaster The Strike Table guide

Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, AEO's at the money IV moved from 51.2 percent to 52.8 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	51.2%	52.8%	+1.7 points
Open interest, strikes captured near the price	97,520	97,659	+139
Put/call ratio, open interest	0.68	0.65	-0.03

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Since Yesterday in RingMaster The Since Yesterday guide

Changed Hands

On 28 Sep 2026, 11,608 AEO option contracts traded, 1.3 times its own recent average.

Figure	Value
Calls traded	7,023
Puts traded	4,585
Against its recent average	1.3 times
Open interest, whole chain	110,157 contracts
Volume to open interest	0.11
Unusual volume flag	Yes, 2 contracts traded well above open interest
Largest flagged contract	The 18 call expiring 2 Oct, 817 traded against 225 open

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Changed Hands in RingMaster The Changed Hands guide

Positioning Replay

The replay holds 5 trading days of AEO's option positioning, from 22 Sep 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
22 Sep 2026	15.92	$775,253	15	15
28 Sep 2026	17.31	$895,532	15	15

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Positioning Replay in RingMaster The Positioning Replay guide

Read-out

On 25 Sep 2026 the desk's view of AEO was bearish, paper trading.

Figure	Value
Side	Bearish at 45 trading days, no signal
Level above the close	17.50, the swing high of 8 Sep 2026, a close past it runs against the view
Level below the close	15.67, the swing low of 14 Sep 2026
The chart	Sits against the view
Strategy family	Bear call spread (sell a call spread above the price)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Read-out in RingMaster The Read-out guide

Rank by Timeframe

On 25 Sep 2026 AEO sat at the 15th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	1 of 100	Bearish
20 trading days	4 of 100	Bearish
45 trading days	15 of 100	Bearish

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Rank by Timeframe in RingMaster The Rank by Timeframe guide

Timeframe Agreement

On 25 Sep 2026, 3 of 3 timeframes put AEO on the bearish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bearish	2 of 2
Long	45 day	Bearish	1 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Timeframe Agreement in RingMaster The Timeframe Agreement guide

Signal History

On 25 Sep 2026 AEO had carried no signal for at least 5 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	15 of 100
24 Sep 2026	None	41 of 100
23 Sep 2026	None	62 of 100
22 Sep 2026	None	55 of 100
21 Sep 2026	None	75 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Signal History in RingMaster The Signal History guide

Sector Split

On 25 Sep 2026, 27 of 106 Consumer Discretionary names were bullish and 33 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Consumer Discretionary	106	27	33	46

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Sector Split in RingMaster The Sector Split guide

Price Chart

AEO closed at 17.31 on 28 Sep 2026.

Figure	Value
Last close	17.31
Change over 5 trading days	+12.0%
Change over 21 trading days	+3.7%
Change over 63 trading days	+1.4%
Change over 252 trading days	-2.8%
52 week high	28.46
52 week low	14.06
20 day moving average	16.01
50 day moving average	16.70
200 day moving average	19.39
RSI, 14 days	61

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

Open Price Chart in RingMaster The Price Chart guide

Earnings Radar

AEO reports next on 1 Dec 2026, a date worked out from past quarters.

Figure	Value
Next report	1 Dec 2026
Date	Worked out from past quarters

Earnings calendar as of 28 Sep 2026. Current on every plan.

Open Earnings Radar in RingMaster The Earnings Radar guide

Seasonality

In the 32 Septembers on record, AEO's average change was plus 3.4 percent, and it rose in 56.2 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+3.4%	+2.5%	56.2%	32
October	+0.1%	-0.5%	46.9%	32
November	+7.9%	+4.0%	65.6%	32

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

Open Seasonality in RingMaster The Seasonality guide

Headlines

The desk's news feeds carried 4 headlines naming AEO in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	4
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

Open Headlines in RingMaster The Headlines guide

Questions

What is AEO's IV rank?: AEO's IV rank is 80 of 100 on 28 Sep 2026.
What move are AEO options pricing?: On 28 Sep 2026, AEO options priced a move of 13.8 percent down and 15.5 percent up by 30 Oct 2026.
Where are AEO's call wall and put wall?: On 28 Sep 2026, AEO's call wall and put wall are both at the 15 strike.
What was the desk's latest view of AEO on the Free plan?: On 25 Sep 2026 the desk's view of AEO was bearish, paper trading.
When does AEO report earnings next?: AEO reports next on 1 Dec 2026, a date worked out from past quarters.

More Consumer Discretionary names

Guides and the full list

Membership gets tonight's signals the night they publish. Free gets every options screen, never delayed, and the signals one trading day behind.

Start free See the plans