AIA Options History — December 2025

In December 2025, AIA traded between $91.91 and $98.38. ATM implied volatility averaged 25.2%, placing in the 11.5% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 7.6% (HV 20d: 17.7%). Max pain ranged from $95.11 to $104.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-12-16: Highest Volume — 15 contracts
  • 2025-12-10: Largest IV drop — 44.8% change
  • 2025-12-09: Highest IV Rank — 23.1%
  • 2025-12-03: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$95.87$91.91$98.38$95.68$97.44
Max Pain$97.33$95.11$104.00$104.00$95.11
ATM IV25.2%15.8%34.9%27.5%28.0%
Expected Move6.5%4.5%8.3%7.9%8.0%
HV 20d17.7%14.3%19.8%19.1%18.7%
HV 60d23.3%22.4%24.0%23.0%23.7%
IV Rank11.5%0.1%23.1%14.2%14.7%
IV Percentile28.8%0.4%71.4%36.1%43.3%
Term Structure-4.8%-14.9%6.0%-10.9%-9.7%
Skew 25d-0.5%-8.0%3.6%-0.2%1.3%
Skew 10d3.1%-4.2%10.4%-1.7%7.5%
Call IV 25d27.5%22.8%34.5%33.8%30.9%
Put IV 25d27.1%20.9%35.2%33.6%32.2%
Bid-Ask Spread %175.97163.48187.54174.21166.49
Gamma HHI0.260.150.370.360.21
Net GEX7.1K010.7K9.3K5.3K
Net DEX-219.8K-311.9K0-245.6K-215.7K
Net VEX-406-5640-448-343
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.27301500
Total OI40.5450514537

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$95.68$104.0027.5%7.9%19.1%14.2%0.0%-0.2%-10.9%9.3K-245.6K-4480.00174.21N/AN/A00369
2025-12-02$96.09$104.0028.3%8.1%18.6%15.2%0.0%-0.6%-11.1%10.7K-247.4K-4160.00173.51N/AN/A00369
2025-12-03$96.12$104.0028.9%8.3%16.9%15.8%0.0%0.7%-11.1%5.6K-226.8K-5230.00172.45N/AN/A00369
2025-12-04$95.55$0.0029.8%5.2%16.4%16.9%0.0%1.7%1.5%8.9K-243.4K-4490.00186.30N/AN/A00369
2025-12-05$96.88$0.0030.5%5.2%16.9%17.8%0.0%2.8%2.1%7.5K-260.3K-4280.00182.90N/AN/A00369
2025-12-08$97.56$0.0032.9%5.4%16.7%20.7%0.0%3.0%-3.6%7.1K-268.8K-3980.00181.42N/AN/A120369
2025-12-09$96.70$0.0034.9%5.5%14.3%23.1%0.0%1.8%0.1%9.6K-289.8K-5320.00181.69N/AN/A00429
2025-12-10$98.38$0.0019.3%5.5%15.7%4.3%0.0%3.6%-3.4%8.1K-311.9K-5040.00174.88N/AN/A00429
2025-12-11$97.19$0.0019.7%5.7%16.2%4.9%0.0%2.6%-0.3%9.4K-298.2K-5120.00180.82N/AN/A00429
2025-12-12$95.31$0.0020.4%5.9%16.8%5.7%0.0%0.2%-0.2%10.4K-266.5K-5600.00180.74N/AN/A00429
2025-12-15$94.89$0.0021.4%6.1%16.8%6.8%0.0%-0.1%-1.0%10.0K-255.8K-5640.00187.54N/AN/A00429
2025-12-16$92.56$0.0022.4%6.4%18.4%8.0%0.0%-0.3%-4.7%0000.00180.58N/AN/A15000
2025-12-17$91.91$0.0022.3%6.4%18.4%7.9%0.0%-3.1%-5.6%6.6K-142.3K-3880.00177.52N/AN/A00299
2025-12-18$93.74$95.1125.8%7.4%19.8%12.1%0.0%-1.6%-14.9%6.7K-167.4K-3820.00173.46N/AN/A00299
2025-12-19$94.50$95.1123.0%6.6%18.8%8.8%0.0%-0.9%-8.3%3.6K-160.6K-4340.00177.73N/AN/A00299
2025-12-22$94.84$95.1115.8%4.5%18.9%0.1%0.0%-2.6%6.0%6.6K-188.7K-3710.00177.50N/AN/A00297
2025-12-23$95.28$95.1120.2%5.8%18.0%5.4%0.0%0.4%0.5%6.8K-192.5K-3610.00169.43N/AN/A00297
2025-12-24$95.92$95.1124.8%7.1%18.1%11.0%0.0%-0.5%-4.3%6.6K-198.8K-3570.00178.40N/AN/A00297
2025-12-26$97.07$95.1125.2%7.2%18.4%11.5%0.0%-3.9%-7.3%6.0K-211.9K-3350.00164.06N/AN/A00297
2025-12-29$97.43$95.1127.2%7.8%18.4%13.8%0.0%-8.0%-9.5%5.9K-216.3K-3150.00163.48N/AN/A00297
2025-12-30$98.07$95.1127.3%7.8%18.5%13.9%0.0%-6.5%-10.7%5.1K-226.2K-3140.00166.33N/AN/A01297
2025-12-31$97.44$95.1128.0%8.0%18.7%14.7%0.0%1.3%-9.7%5.3K-215.7K-3430.00166.49N/AN/A00298