AIA Options History — April 2020

In April 2020, AIA traded between $53.70 and $60.66. ATM implied volatility averaged 31.1%, placing in the 34.6% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded below realized volatility by 22.6% (HV 20d: 53.6%). Max pain ranged from $65.00 to $65.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 16.67.

Notable Days

2020-04-22: Highest Volume — 102 contracts
2020-04-30: Largest IV spike — 63.9% change
2020-04-01: Highest IV Rank — 60.9%
2020-04-01: Largest Expected Move — 13.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$57.90	$53.70	$60.66	$53.70	$59.27
Max Pain	$65.00	$65.00	$65.00	$65.00	$65.00
ATM IV	31.1%	20.9%	47.1%	47.1%	34.2%
Expected Move	8.7%	6.0%	13.5%	13.5%	9.8%
HV 20d	53.6%	30.4%	78.9%	76.8%	30.4%
HV 60d	49.3%	47.9%	49.8%	47.9%	49.2%
IV Rank	34.6%	17.9%	60.9%	60.9%	39.8%
IV Percentile	72.7%	34.5%	94.4%	94.4%	81.7%
Term Structure	-4.6%	-9.1%	-0.1%	-7.5%	-2.7%
VWIV	33.4%	32.6%	34.3%	32.6%	34.3%
Skew 25d	7.3%	-3.4%	18.0%	6.2%	3.0%
Skew 10d	6.0%	-6.4%	10.1%	9.6%	4.6%
Call IV 25d	24.6%	17.8%	39.5%	39.5%	31.2%
Put IV 25d	31.9%	23.9%	45.7%	45.7%	34.2%
Bid-Ask Spread %	121.52	101.65	132.43	126.53	129.29
Gamma HHI	0.75	0.46	0.93	0.65	0.90
Net GEX	-12.1K	-53.0K	-279	-383	-36.9K
Net DEX	147.0K	47.9K	448.7K	49.2K	377.1K
Net VEX	-182	-565	-23	-36	-528
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	16.67	0.00	50.00	0.00	0.00
Total Volume	5.048	0	102	0	0
Total OI	42.905	13	117	13	117

Daily Data (21 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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2020-04-01	$53.70	$0.00	47.1%	13.5%	76.8%	60.9%	0.0%	6.2%	-7.5%	-383	49.2K	-36	0.00	126.53	N/A	N/A	0	0	3	10
2020-04-02	$55.45	$65.00	42.1%	10.7%	78.1%	52.6%	0.0%	18.0%	-6.4%	-569	50.2K	-39	0.00	101.65	N/A	N/A	0	0	3	10
2020-04-03	$54.78	$65.00	38.9%	9.5%	78.0%	47.5%	0.0%	15.0%	-3.3%	-428	51.1K	-29	0.00	104.44	N/A	N/A	0	0	3	10
2020-04-06	$57.21	$65.00	33.9%	9.0%	78.9%	39.3%	0.0%	13.4%	-6.3%	-726	52.1K	-37	0.00	111.39	N/A	N/A	0	0	3	10
2020-04-07	$57.85	$65.00	36.3%	9.5%	78.0%	43.2%	0.0%	5.5%	-4.0%	-1.1K	47.9K	-60	0.00	119.29	N/A	N/A	0	0	3	10
2020-04-08	$57.93	$65.00	28.0%	8.0%	76.8%	29.6%	0.0%	8.5%	-5.8%	-960	50.8K	-45	0.00	120.02	N/A	N/A	0	0	3	10
2020-04-09	$57.60	$65.00	28.5%	8.2%	69.6%	30.4%	0.0%	11.2%	-5.8%	-765	52.9K	-34	0.00	119.82	N/A	N/A	0	0	3	10
2020-04-13	$57.40	$65.00	27.9%	8.0%	66.7%	29.5%	0.0%	3.4%	-9.1%	-484	54.4K	-23	0.00	124.13	N/A	N/A	0	0	3	10
2020-04-14	$58.79	$65.00	27.2%	7.8%	54.3%	28.2%	0.0%	6.9%	-7.2%	-967	52.6K	-39	0.00	126.36	N/A	N/A	0	0	3	10
2020-04-15	$57.51	$65.00	26.4%	7.6%	53.0%	26.9%	0.0%	4.8%	-4.6%	-579	54.4K	-23	0.00	129.70	N/A	N/A	0	0	3	10
2020-04-16	$58.28	$65.00	29.7%	8.5%	42.9%	32.3%	0.0%	9.5%	-5.0%	-951	51.8K	-40	0.00	113.62	N/A	N/A	0	0	3	10
2020-04-17	$59.40	$65.00	27.3%	7.8%	43.0%	28.4%	0.0%	6.8%	-1.8%	-1.1K	52.9K	-40	0.00	114.89	N/A	N/A	0	0	3	10
2020-04-20	$58.65	$65.00	27.2%	7.8%	43.4%	28.2%	0.0%	15.2%	-1.7%	-683	54.8K	-27	0.00	114.14	N/A	N/A	2	0	3	10
2020-04-21	$57.02	$65.00	34.5%	9.9%	45.0%	40.3%	0.0%	8.1%	-4.2%	-279	49.9K	-39	0.00	124.71	N/A	N/A	0	0	5	10
2020-04-22	$58.40	$65.00	29.7%	8.5%	39.1%	32.3%	32.6%	4.4%	-1.1%	-434	48.2K	-51	50.00	130.20	N/A	N/A	2	100	5	10
2020-04-23	$58.42	$65.00	29.1%	8.4%	37.1%	31.4%	0.0%	3.9%	-5.9%	-32.0K	441.8K	-551	0.00	123.28	N/A	N/A	0	0	7	110
2020-04-24	$58.43	$65.00	29.4%	8.4%	36.9%	31.9%	0.0%	6.8%	-4.8%	-31.2K	448.7K	-536	0.00	126.22	N/A	N/A	0	0	7	110
2020-04-27	$59.41	$65.00	26.9%	7.7%	33.0%	27.7%	0.0%	-3.4%	-5.3%	-43.6K	397.0K	-554	0.00	131.37	N/A	N/A	0	0	7	110
2020-04-28	$59.73	$65.00	26.8%	7.7%	32.7%	27.6%	0.0%	0.5%	-0.1%	-47.1K	349.4K	-565	0.00	128.33	N/A	N/A	0	0	7	110
2020-04-29	$60.66	$65.00	20.9%	6.0%	32.9%	17.9%	34.3%	6.2%	-3.9%	-53.0K	300.5K	-527	0.00	132.43	N/A	N/A	2	0	7	110
2020-04-30	$59.27	$65.00	34.2%	9.8%	30.4%	39.8%	0.0%	3.0%	-2.7%	-36.9K	377.1K	-528	0.00	129.29	N/A	N/A	0	0	7	110