AIA Options History — December 2023

In December 2023, AIA traded between $55.55 and $58.04. ATM implied volatility averaged 57.5%, placing in the 35.0% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded above realized volatility by 40.3% (HV 20d: 17.1%). Max pain ranged from $58.00 to $58.00. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2023-12-26: Highest Volume — 2 contracts
2023-12-11: Largest IV spike — 144.0% change
2023-12-11: Highest IV Rank — 100.0%
2023-12-26: Largest Expected Move — 20.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$56.67	$55.55	$58.04	$57.48	$58.04
Max Pain	$58.00	$58.00	$58.00	$58.00	$58.00
ATM IV	57.5%	24.3%	151.1%	49.1%	32.7%
Expected Move	11.3%	7.0%	20.0%	14.1%	9.4%
HV 20d	17.1%	12.7%	19.8%	18.9%	19.8%
HV 60d	18.9%	18.0%	19.5%	18.4%	19.5%
IV Rank	35.0%	7.2%	100.0%	32.8%	13.3%
IV Percentile	59.6%	5.6%	100.0%	71.4%	17.9%
Term Structure	-4.6%	-23.7%	11.8%	-13.6%	-4.0%
VWIV	41.9%	41.9%	41.9%	41.9%	41.9%
Skew 25d	12.0%	-13.9%	28.5%	-0.3%	17.5%
Skew 10d	16.0%	-11.8%	36.0%	36.0%	27.4%
Call IV 25d	33.0%	14.1%	54.8%	54.7%	44.2%
Put IV 25d	45.0%	18.8%	61.7%	54.4%	61.7%
Bid-Ask Spread %	181.53	147.07	192.63	187.51	187.87
Gamma HHI	0.53	0.40	1.00	0.48	0.43
Net GEX	-10.9K	-24.0K	129	-6.4K	-7.6K
Net DEX	125.4K	-9.3K	190.1K	115.9K	19.2K
Net VEX	-822	-1.0K	-13	-1.0K	-707
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.1	0	2	0	0
Total OI	105.3	105	107	105	107

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Call OI	Put OI
2023-12-01	$57.48	$0.00	49.1%	14.1%	18.9%	32.8%	0.0%	-0.3%	-13.6%	-6.4K	115.9K	-1.0K	187.51	N/A	N/A	0	27	78
2023-12-04	$56.30	$0.00	97.1%	8.1%	18.1%	78.1%	0.0%	23.5%	2.0%	-3.6K	148.6K	-985	192.63	N/A	N/A	0	27	78
2023-12-05	$55.66	$0.00	48.9%	9.9%	18.1%	32.5%	0.0%	1.3%	-19.8%	-10.1K	149.2K	-987	181.99	N/A	N/A	0	27	78
2023-12-06	$55.55	$0.00	99.3%	14.1%	18.1%	80.2%	0.0%	17.9%	-3.1%	-13.5K	190.1K	-905	147.07	N/A	N/A	0	27	78
2023-12-07	$55.89	$0.00	64.3%	14.3%	18.0%	47.1%	0.0%	23.5%	-11.7%	-20.1K	175.6K	-889	182.40	N/A	N/A	0	27	78
2023-12-08	$55.82	$0.00	61.9%	8.6%	17.6%	44.8%	0.0%	9.7%	5.0%	-9.8K	180.8K	-906	186.50	N/A	N/A	0	27	78
2023-12-11	$56.08	$0.00	151.1%	10.0%	17.3%	100.0%	0.0%	4.5%	11.8%	-9.0K	176.9K	-867	185.06	N/A	N/A	0	27	78
2023-12-12	$56.19	$0.00	93.5%	7.5%	17.2%	57.9%	0.0%	5.9%	-4.8%	129	-9.3K	-13	171.43	N/A	N/A	0	27	78
2023-12-13	$56.59	$0.00	24.3%	7.0%	14.8%	7.2%	0.0%	7.4%	11.2%	-20.4K	140.2K	-843	188.80	N/A	N/A	0	27	78
2023-12-14	$57.41	$0.00	25.2%	7.2%	14.9%	7.9%	0.0%	14.8%	6.1%	-6.7K	155.1K	-856	185.01	N/A	N/A	0	27	78
2023-12-15	$57.22	$0.00	26.7%	7.7%	13.8%	9.0%	0.0%	23.8%	2.6%	-11.3K	98.5K	-874	191.41	N/A	N/A	0	27	78
2023-12-18	$56.98	$0.00	26.9%	7.7%	13.9%	9.1%	0.0%	25.0%	7.6%	-6.9K	112.1K	-923	181.88	N/A	N/A	0	27	78
2023-12-19	$57.58	$0.00	30.2%	8.7%	12.7%	11.5%	0.0%	24.4%	0.5%	-9.9K	118.0K	-867	187.38	N/A	N/A	0	27	78
2023-12-20	$55.81	$0.00	59.3%	17.0%	16.2%	32.9%	0.0%	-13.9%	-17.4%	-11.3K	160.9K	-867	171.82	N/A	N/A	0	27	78
2023-12-21	$56.83	$0.00	32.3%	9.3%	17.8%	13.1%	0.0%	16.5%	-15.2%	-9.6K	156.2K	-826	181.31	N/A	N/A	0	27	78
2023-12-22	$56.13	$0.00	59.3%	17.0%	18.2%	32.8%	0.0%	0.4%	-19.2%	-24.0K	151.8K	-764	192.14	N/A	N/A	0	27	78
2023-12-26	$56.88	$0.00	69.7%	20.0%	18.9%	40.4%	41.9%	28.5%	-23.7%	-13.8K	114.2K	-807	180.55	N/A	N/A	2	27	78
2023-12-27	$57.02	$58.00	56.4%	16.2%	18.9%	30.7%	0.0%	-8.9%	-4.5%	-9.8K	67.2K	-754	163.28	N/A	N/A	0	29	78
2023-12-28	$58.00	$58.00	41.4%	11.9%	19.8%	19.8%	0.0%	18.2%	-1.6%	-13.6K	86.9K	-755	184.54	N/A	N/A	0	29	78
2023-12-29	$58.04	$58.00	32.7%	9.4%	19.8%	13.3%	0.0%	17.5%	-4.0%	-7.6K	19.2K	-707	187.87	N/A	N/A	0	29	78