AIA Options History — May 2025

In May 2025, AIA traded between $70.72 and $76.97. ATM implied volatility averaged 35.8%, placing in the 25.9% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 6.9% (HV 20d: 28.9%). Max pain ranged from $70.00 to $75.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2025-05-02: Highest Volume — 20 contracts
2025-05-29: Largest IV spike — 92.0% change
2025-05-13: Highest IV Rank — 61.2%
2025-05-01: Largest Expected Move — 11.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$75.24	$70.72	$76.97	$70.72	$74.75
Max Pain	$73.75	$70.00	$75.00	$70.00	$75.00
ATM IV	35.8%	16.3%	65.2%	38.8%	25.4%
Expected Move	8.1%	4.7%	11.1%	11.1%	7.3%
HV 20d	28.9%	18.8%	58.7%	57.9%	20.5%
HV 60d	39.4%	37.5%	40.1%	39.0%	37.5%
IV Rank	25.9%	1.8%	61.2%	30.9%	12.6%
IV Percentile	47.6%	1.6%	97.2%	79.8%	5.6%
Term Structure	-6.0%	-11.8%	5.4%	-8.9%	-0.7%
VWIV	26.4%	14.1%	47.2%	14.1%	25.3%
Skew 25d	-1.8%	-16.2%	16.8%	16.8%	-0.8%
Skew 10d	3.7%	-9.3%	39.1%	2.0%	-2.7%
Call IV 25d	32.6%	27.6%	44.5%	29.8%	36.0%
Put IV 25d	30.9%	19.0%	46.6%	46.6%	35.2%
Bid-Ask Spread %	163.07	154.16	169.30	156.60	160.78
Gamma HHI	0.79	0.40	0.95	0.95	0.40
Net GEX	14.1K	-1.8K	37.0K	37.0K	-786
Net DEX	-351.4K	-708.6K	4.3K	-476.6K	4.3K
Net VEX	-200	-703	-30	-703	-48
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	1.238	0	20	1	1
Total OI	62.81	2	124	123	4

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	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-05-01	$70.72	$70.00	38.8%	11.1%	57.9%	30.9%	14.1%	16.8%	-8.9%	37.0K	-476.6K	-703	156.60	N/A	N/A	1	0	120	3
2025-05-02	$73.52	$70.00	38.1%	10.9%	58.7%	30.1%	47.2%	0.7%	-9.9%	33.5K	-649.5K	-606	154.16	N/A	N/A	20	0	121	3
2025-05-05	$74.70	$0.00	43.4%	8.5%	53.6%	36.2%	0.0%	4.8%	-5.7%	24.7K	-590.5K	-406	166.42	N/A	N/A	0	0	101	3
2025-05-06	$74.29	$0.00	44.4%	8.4%	46.3%	37.3%	0.0%	2.0%	-5.0%	26.2K	-577.4K	-388	166.49	N/A	N/A	0	0	101	3
2025-05-07	$73.37	$0.00	46.3%	8.4%	44.3%	39.5%	0.0%	1.4%	-4.9%	28.8K	-535.0K	-415	169.30	N/A	N/A	0	0	101	3
2025-05-08	$73.66	$0.00	46.9%	7.6%	31.5%	40.3%	0.0%	-1.3%	-2.8%	28.8K	-554.1K	-372	168.40	N/A	N/A	0	0	101	3
2025-05-09	$73.87	$0.00	49.5%	7.8%	27.8%	43.3%	0.0%	-1.8%	-9.3%	28.2K	-564.0K	-350	167.91	N/A	N/A	0	1	101	3
2025-05-12	$75.98	$0.00	60.6%	7.7%	23.4%	56.0%	0.0%	-0.9%	-8.2%	20.9K	-665.2K	-192	163.45	N/A	N/A	1	0	101	4
2025-05-13	$76.30	$0.00	65.2%	7.7%	23.3%	61.2%	0.0%	-0.2%	-3.3%	19.1K	-688.4K	-154	161.52	N/A	N/A	0	0	101	4
2025-05-14	$76.97	$0.00	26.9%	7.7%	23.1%	17.3%	0.0%	-0.6%	-8.8%	16.4K	-708.6K	-123	160.94	N/A	N/A	0	0	101	4
2025-05-15	$76.27	$0.00	27.0%	7.7%	20.6%	14.5%	0.0%	-2.8%	-6.7%	19.0K	-690.0K	-105	163.97	N/A	N/A	0	0	101	4
2025-05-16	$76.41	$0.00	25.4%	7.3%	20.7%	12.7%	0.0%	-2.6%	-2.3%	19.4K	-678.0K	-50	165.39	N/A	N/A	0	0	101	4
2025-05-19	$76.20	$0.00	22.0%	6.3%	20.2%	8.6%	0.0%	-3.7%	-5.1%	110	-3.3K	-32	160.80	N/A	N/A	0	0	1	1
2025-05-20	$76.67	$0.00	29.6%	8.5%	19.5%	17.6%	0.0%	2.8%	-6.7%	113	-3.6K	-30	162.70	N/A	N/A	0	0	1	1
2025-05-21	$76.64	$0.00	27.0%	7.8%	18.8%	14.6%	19.1%	-6.2%	-6.0%	108	-3.6K	-30	161.73	N/A	N/A	0	1	1	1
2025-05-22	$76.31	$75.00	28.1%	8.1%	19.0%	15.8%	0.0%	-2.1%	-4.4%	-651	-552	-38	162.38	N/A	N/A	0	0	1	2
2025-05-23	$76.02	$75.00	28.4%	8.2%	19.2%	16.2%	0.0%	-11.3%	-11.8%	-1.1K	-536	-37	161.63	N/A	N/A	0	0	1	2
2025-05-27	$76.03	$75.00	30.7%	8.8%	19.1%	18.9%	0.0%	-11.4%	-10.7%	-1.2K	-580	-36	163.75	N/A	N/A	0	1	1	2
2025-05-28	$75.50	$75.00	16.3%	4.7%	19.5%	1.8%	0.0%	-4.0%	5.4%	-701	3.3K	-47	164.57	N/A	N/A	0	0	1	3
2025-05-29	$75.88	$75.00	31.3%	9.0%	19.5%	19.7%	0.0%	-16.2%	-11.2%	-1.8K	1.7K	-45	161.53	N/A	N/A	0	0	1	3
2025-05-30	$74.75	$75.00	25.4%	7.3%	20.5%	12.6%	25.3%	-0.8%	-0.7%	-786	4.3K	-48	160.78	N/A	N/A	0	1	1	3