AIA Options History — January 2020

In January 2020, AIA traded between $62.27 and $69.26. ATM implied volatility averaged 27.4%, placing in the 38.0% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 9.5% (HV 20d: 17.9%). Max pain ranged from $64.00 to $69.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 3.83.

Notable Days

2020-01-02: Highest Volume — 80 contracts
2020-01-07: Largest IV spike — 194.8% change
2020-01-14: Highest IV Rank — 97.1%
2020-01-31: Largest Expected Move — 9.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$66.72	$62.27	$69.26	$67.33	$62.27
Max Pain	$67.00	$64.00	$69.00	$67.00	$66.00
ATM IV	27.4%	11.1%	54.5%	23.6%	31.5%
Expected Move	6.1%	2.5%	9.0%	6.8%	9.0%
HV 20d	17.9%	14.3%	23.0%	15.4%	22.8%
HV 60d	16.4%	15.0%	18.7%	15.1%	18.7%
IV Rank	38.0%	2.5%	97.1%	29.7%	46.9%
IV Percentile	69.8%	1.6%	99.6%	71.8%	86.9%
Term Structure	-2.7%	-11.0%	24.3%	-6.5%	-9.4%
VWIV	23.6%	14.2%	33.6%	18.9%	33.6%
Skew 25d	5.5%	-3.8%	14.4%	3.3%	2.1%
Skew 10d	9.2%	-6.0%	21.4%	-6.0%	21.4%
Call IV 25d	19.1%	9.7%	35.2%	18.9%	35.2%
Put IV 25d	24.7%	10.8%	37.3%	22.2%	37.3%
Bid-Ask Spread %	151.45	139.88	176.17	153.19	153.06
Gamma HHI	0.79	0.33	1.00	1.00	0.33
Net GEX	3.8K	-12.3K	33.5K	0	-6.3K
Net DEX	-8.0K	-236.9K	140.7K	0	140.7K
Net VEX	-198	-523	0	0	-456
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.83	0.00	22.00	0.00	1.00
Total Volume	10.905	0	80	80	4
Total OI	28.714	0	80	0	64

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
2020-01-02	$67.33	$0.00	23.6%	6.8%	15.4%	29.7%	18.9%	3.3%	-6.5%	0	0	0	0.00	153.19	N/A	N/A	80	0	0	0
2020-01-03	$66.27	$67.00	29.2%	8.4%	17.1%	41.9%	32.1%	-2.7%	-10.8%	33.5K	-236.9K	-413	0.00	176.17	N/A	N/A	80	0	80	0
2020-01-06	$66.23	$0.00	11.1%	2.5%	17.2%	2.5%	0.0%	1.1%	9.1%	3.9K	-8.8K	-17	0.00	145.67	N/A	N/A	0	0	4	0
2020-01-07	$66.48	$0.00	32.8%	5.6%	17.0%	49.6%	0.0%	4.1%	-4.0%	1.9K	-12.2K	-17	0.00	154.40	N/A	N/A	0	0	4	0
2020-01-08	$66.97	$0.00	32.5%	5.5%	16.9%	49.0%	0.0%	4.3%	-2.9%	2.1K	-13.7K	-17	0.00	151.57	N/A	N/A	0	0	4	0
2020-01-09	$67.42	$0.00	34.5%	5.6%	16.9%	53.5%	0.0%	3.6%	-4.0%	2.2K	-15.2K	-16	0.00	147.25	N/A	N/A	0	0	4	0
2020-01-10	$68.03	$0.00	34.6%	5.5%	16.3%	53.6%	0.0%	4.0%	-4.2%	2.1K	-17.2K	-14	0.00	146.64	N/A	N/A	0	0	4	0
2020-01-13	$69.26	$0.00	48.8%	5.7%	14.3%	84.6%	0.0%	4.5%	-2.6%	1.8K	-21.3K	-9	0.00	143.43	N/A	N/A	0	0	4	0
2020-01-14	$68.82	$0.00	54.5%	3.5%	14.7%	97.1%	14.2%	3.0%	1.8%	2.1K	-20.3K	-8	0.00	144.56	N/A	N/A	20	0	4	0
2020-01-15	$68.10	$69.00	20.0%	5.7%	15.1%	21.7%	0.0%	2.1%	-5.1%	13.8K	-73.4K	-178	0.00	148.41	N/A	N/A	0	0	24	0
2020-01-16	$68.82	$69.00	11.9%	3.4%	14.6%	4.3%	0.0%	9.6%	0.3%	15.9K	-91.3K	-176	0.00	141.20	N/A	N/A	0	0	24	0
2020-01-17	$68.97	$69.00	11.8%	3.4%	14.6%	3.9%	0.0%	9.7%	-0.1%	13.8K	-99.1K	-170	0.00	139.88	N/A	N/A	0	0	24	0
2020-01-21	$67.06	$69.00	22.5%	6.4%	18.0%	27.2%	17.0%	10.3%	24.3%	9.4K	-40.2K	-138	0.00	153.21	N/A	N/A	1	0	20	0
2020-01-22	$67.59	$69.00	22.2%	6.4%	18.2%	26.7%	0.0%	12.1%	-7.8%	11.7K	-48.2K	-150	0.00	148.18	N/A	N/A	0	0	21	0
2020-01-23	$67.13	$69.00	22.9%	6.6%	18.3%	28.1%	26.9%	14.4%	-3.6%	7.9K	-50.8K	-146	22.00	152.20	N/A	N/A	1	22	21	0
2020-01-24	$66.47	$64.00	24.9%	7.1%	18.7%	32.5%	0.0%	7.6%	-5.0%	457	-3.0K	-221	0.00	154.90	N/A	N/A	0	20	21	22
2020-01-27	$64.28	$64.00	28.0%	8.0%	22.2%	39.2%	0.0%	3.1%	-7.0%	-7.7K	110.0K	-514	0.00	157.16	N/A	N/A	0	0	21	42
2020-01-28	$64.70	$64.00	26.5%	7.6%	22.0%	36.0%	22.6%	-3.8%	-11.0%	-12.3K	119.9K	-478	0.00	154.51	N/A	N/A	0	1	21	42
2020-01-29	$65.09	$66.00	24.6%	7.0%	22.1%	31.8%	0.0%	9.4%	-1.8%	-7.3K	89.0K	-523	0.00	157.47	N/A	N/A	0	0	21	43
2020-01-30	$63.85	$66.00	27.1%	7.8%	23.0%	37.4%	0.0%	14.4%	-6.8%	-8.7K	123.3K	-489	0.00	157.40	N/A	N/A	0	0	21	43
2020-01-31	$62.27	$66.00	31.5%	9.0%	22.8%	46.9%	33.6%	2.1%	-9.4%	-6.3K	140.7K	-456	1.00	153.06	N/A	N/A	2	2	21	43