What is AA's IV rank?

At the close on Oct 27, 2026, AA's IV rank was 9 with 30-day implied volatility of 45.4%. IV sits 9% of the way from its one-year low to its one-year high. Its IV percentile was 4: IV is higher than 4% of the past year's readings.

What is the expected move for AA?

Based on the close on Oct 27, 2026, options expiring Nov 27, 2026 priced a one standard deviation move of $5.29 (13.2%), a range of $34.64 to $45.22. Roughly two times in three, the stock would finish inside that range if the options are priced fairly.

Which option screens have trades on AA?

At the close on Oct 27, 2026, these OptionClaws preset screens had passing trades on AA: Bull Call Spreads on High-Beta Names (76), Bear Put Spreads Below the 200-Day (70), Long Call Butterflies for Pinning (19), Married Put Protection (8). Open a screen in the app to see the individual trades, refreshed intraday.

Is AA option volume above average?

On Oct 27, 2026, AA option volume was 1.0x its average, close to normal.

AA options: IV rank, expected move and trade screens

Alcoa Corp · Materials

As of the close on Oct 27, 2026. In the app, stock prices are live and options data is refreshed intraday.

AA closed at $39.93 on Oct 27, 2026 with 30-day implied volatility of 45.4%. That is near the bottom of its one-year range (IV rank 9), so options on AA are cheap compared with its own recent history. Measured by IV percentile, IV is higher than 4% of the past year's readings. Options expiring Nov 27 (31 days out) price a one standard deviation move of about $5.29, or 13.2%.

The price is below both its 50-day (-12.3%) and 200-day (-30.0%) moving averages. It is 52.3% below its 52-week high and 13.2% above its 52-week low. The 14-day RSI of 39.7 is between 30 and 70, neither overbought nor oversold. The 14-day average true range is $1.56, about 3.9% of the price, a measure of a typical day's range.

Option volume at the close (13.9K contracts) was 1.0x its average, close to normal. A beta of 1.60 means AA has tended to move about 1.6 times as much as the broad market. 4 of our preset screens found trades on AA at the close, led by Bull Call Spreads on High-Beta Names with 76 trades.

AA stats at the close

Price: $39.93; Market cap $10.5B
Implied volatility: 45.4%; 30-day, at the money
IV rank: 9; IV sits 9% of the way from its one-year low to its one-year high.
IV percentile: 4; IV is higher than 4% of the past year's readings.
ATR (14-day): $1.56; 3.9% of the price on a typical day
RSI (14-day): 39.7; Between 30 and 70, neutral
52-week range: -52.3% from high; +13.2% from the 52-week low
Moving averages: -12.3% vs 50-day; -30.0% vs the 200-day
Beta: 1.60; Sensitivity to the broad market
Option volume: 1.0x avg; 13.9K contracts vs 14.6K average

AA expected move by expiration

Expected move = price x at-the-money IV x the square root of (days to expiration / 365), a one standard deviation range. The straddle is the at-the-money call plus put, the market's own price for a move. Compare expected moves across stocks.

Expiration	IV	Expected move	1 SD range	Straddle
Oct 30, 20263 days	46.7%	±$1.69 (4.2%)	$38.24 to $41.62	$1.35
Nov 27, 202631 days	45.5%	±$5.29 (13.2%)	$34.64 to $45.22	$4.21
Dec 18, 202652 days	45.3%	±$6.82 (17.1%)	$33.11 to $46.75	$5.43
Jan 15, 202780 days	44.8%	±$8.38 (21.0%)	$31.55 to $48.31	$6.65

Each expiration has its own implied volatility, and short-dated IV reacts more to near-term events, so the nearest expiration can differ a lot from the 30-day figure.

Trades that pass our screens as of the close

Counts and ranges for AA from our preset scans at the last close. Open a preset in the app to see each trade with its strikes, prices, and risk, refreshed intraday. Income strategies show annualized return; the rest show return on risk.

Bull Call Spreads on High-Beta Names

Bull Call Spread

76 trades pass on AA

Return on risk: 100.0% to 638.6%
Probability of profit: 28.0% to 59.5%

Bull call spread screener

Bear Put Spreads Below the 200-Day

Bear Put Spread

70 trades pass on AA

Return on risk: 27.1% to 291.4%
Probability of profit: 35.6% to 68.2%

Bear put spread screener

Long Call Butterflies for Pinning

Call Butterfly

19 trades pass on AA

Return on risk: 153.2% to 1,000%+
Probability of profit: 8.1% to 66.8%

Butterfly spread screener

Married Put Protection

Married Put

8 trades pass on AA

Probability of profit: 36.6% to 43.0%

Married put screener

AA options FAQ

What is AA's IV rank?: At the close on Oct 27, 2026, AA's IV rank was 9 with 30-day implied volatility of 45.4%. IV sits 9% of the way from its one-year low to its one-year high. Its IV percentile was 4: IV is higher than 4% of the past year's readings.
What is the expected move for AA?: Based on the close on Oct 27, 2026, options expiring Nov 27, 2026 priced a one standard deviation move of $5.29 (13.2%), a range of $34.64 to $45.22. Roughly two times in three, the stock would finish inside that range if the options are priced fairly.
Which option screens have trades on AA?: At the close on Oct 27, 2026, these OptionClaws preset screens had passing trades on AA: Bull Call Spreads on High-Beta Names (76), Bear Put Spreads Below the 200-Day (70), Long Call Butterflies for Pinning (19), Married Put Protection (8). Open a screen in the app to see the individual trades, refreshed intraday.
Is AA option volume above average?: On Oct 27, 2026, AA option volume was 1.0x its average, close to normal.

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