AIA Options History — January 2022

In January 2022, AIA traded between $74.04 and $80.40. ATM implied volatility averaged 22.8%, placing in the 13.7% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 1.8% (HV 20d: 21.0%). Max pain ranged from $76.00 to $92.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 5.67.

Notable Days

2022-01-31: Highest Volume — 431 contracts
2022-01-25: Largest IV spike — 36.2% change
2022-01-26: Highest IV Rank — 42.6%
2022-01-26: Largest Expected Move — 9.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$77.21	$74.04	$80.40	$76.99	$77.21
Max Pain	$89.60	$76.00	$92.00	$76.00	$92.00
ATM IV	22.8%	18.5%	33.7%	19.8%	26.2%
Expected Move	6.3%	5.1%	9.7%	5.7%	7.5%
HV 20d	21.0%	17.1%	27.9%	18.4%	27.9%
HV 60d	19.2%	17.9%	21.8%	17.9%	21.8%
IV Rank	13.7%	3.0%	42.6%	3.4%	25.2%
IV Percentile	50.2%	15.9%	94.8%	29.8%	80.6%
Term Structure	-3.3%	-15.5%	2.3%	-5.3%	2.3%
VWIV	23.6%	17.1%	33.4%	21.8%	30.5%
Skew 25d	3.3%	-7.1%	12.6%	7.6%	12.6%
Skew 10d	1.5%	-6.2%	11.1%	11.1%	-3.4%
Call IV 25d	18.9%	13.2%	37.5%	18.1%	18.5%
Put IV 25d	22.2%	13.1%	45.0%	25.7%	31.1%
Bid-Ask Spread %	144.87	135.90	165.08	164.01	137.41
Gamma HHI	0.33	0.29	0.40	0.32	0.33
Net GEX	-89.1K	-122.3K	-56.7K	-81.8K	-90.8K
Net DEX	1.6M	1.2M	1.9M	1.6M	1.6M
Net VEX	-2.1K	-2.7K	-1.1K	-2.6K	-1.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.67	5.25	7.13	5.37	7.13
Total Volume	331.3	321	431	325	431
Total OI	335.15	330	342	331	342

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	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-01-03	$76.99	$76.00	19.8%	5.7%	18.4%	3.4%	21.8%	7.6%	-5.3%	-81.8K	1.6M	-2.6K	5.37	164.01	N/A	N/A	51	274	44	287
2022-01-04	$76.97	$76.00	19.8%	5.7%	17.1%	3.4%	33.4%	-7.1%	-5.6%	-87.0K	1.6M	-2.4K	5.37	165.08	N/A	N/A	51	274	44	287
2022-01-05	$75.42	$76.00	22.5%	6.4%	17.4%	5.4%	25.0%	-1.8%	-8.4%	-72.9K	1.8M	-1.8K	5.37	162.46	N/A	N/A	51	274	44	287
2022-01-06	$75.90	$92.00	21.8%	5.2%	17.6%	4.9%	21.3%	3.9%	-1.2%	-76.5K	1.7M	-2.1K	5.37	139.41	N/A	N/A	51	274	44	287
2022-01-07	$76.83	$92.00	19.3%	5.3%	18.2%	3.0%	19.9%	4.1%	-1.4%	-84.8K	1.6M	-2.2K	5.37	141.34	N/A	N/A	51	274	44	287
2022-01-10	$76.61	$92.00	23.4%	5.1%	18.2%	6.1%	19.1%	1.1%	-2.3%	-71.4K	1.6M	-2.3K	5.37	139.69	N/A	N/A	51	274	44	287
2022-01-11	$78.87	$92.00	28.5%	5.8%	19.6%	9.9%	25.1%	6.9%	2.2%	-107.5K	1.4M	-2.5K	5.98	136.10	N/A	N/A	46	275	43	287
2022-01-12	$80.40	$92.00	18.5%	5.3%	20.6%	7.4%	20.7%	5.6%	1.7%	-108.2K	1.2M	-2.7K	5.67	141.87	N/A	N/A	49	278	44	288
2022-01-13	$79.41	$92.00	20.0%	5.7%	21.1%	10.8%	17.7%	-1.3%	-2.3%	-115.7K	1.4M	-2.6K	5.67	143.71	N/A	N/A	49	278	47	291
2022-01-14	$79.36	$92.00	19.6%	5.6%	20.9%	9.9%	21.3%	4.3%	1.4%	-108.0K	1.3M	-2.7K	5.67	143.78	N/A	N/A	49	278	47	291
2022-01-18	$77.54	$92.00	19.9%	5.7%	22.7%	10.6%	20.3%	1.7%	-0.3%	-103.2K	1.6M	-2.1K	5.67	142.53	N/A	N/A	49	278	47	291
2022-01-19	$77.93	$92.00	19.1%	5.5%	21.3%	8.7%	19.1%	2.1%	0.2%	-110.0K	1.6M	-2.1K	5.67	142.87	N/A	N/A	49	278	47	291
2022-01-20	$79.40	$92.00	19.6%	5.6%	20.9%	10.0%	19.3%	1.5%	-2.5%	-122.3K	1.4M	-2.3K	5.67	143.57	N/A	N/A	49	278	47	291
2022-01-21	$77.67	$92.00	21.0%	6.0%	22.6%	13.3%	17.1%	2.6%	-3.0%	-91.2K	1.5M	-2.2K	5.67	143.87	N/A	N/A	49	278	47	291
2022-01-24	$76.94	$92.00	22.4%	6.4%	22.7%	16.5%	25.6%	3.3%	-1.8%	-85.7K	1.6M	-2.0K	5.79	137.42	N/A	N/A	48	278	46	291
2022-01-25	$76.93	$92.00	30.5%	8.7%	22.7%	35.3%	27.1%	9.9%	-9.9%	-83.9K	1.6M	-1.9K	5.79	150.59	N/A	N/A	48	278	46	291
2022-01-26	$75.59	$92.00	33.7%	9.7%	23.5%	42.6%	28.9%	7.5%	-15.5%	-65.0K	1.6M	-1.8K	5.79	146.83	N/A	N/A	48	278	46	291
2022-01-27	$74.27	$92.00	25.8%	7.4%	24.2%	24.3%	26.8%	-1.7%	-7.7%	-60.2K	1.8M	-1.4K	5.79	138.95	N/A	N/A	48	278	46	291
2022-01-28	$74.04	$92.00	25.6%	7.3%	23.2%	23.8%	31.3%	2.8%	-5.7%	-56.7K	1.9M	-1.1K	5.25	135.90	N/A	N/A	53	278	46	291
2022-01-31	$77.21	$92.00	26.2%	7.5%	27.9%	25.2%	30.5%	12.6%	2.3%	-90.8K	1.6M	-1.7K	7.13	137.41	N/A	N/A	53	378	51	291