AIA Options History — January 2026

In January 2026, AIA traded between $101.84 and $112.92. ATM implied volatility averaged 27.2%, placing in the 13.8% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 3.9% (HV 20d: 23.3%). Max pain ranged from $74.11 to $95.11. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.25.

Notable Days

2026-01-22: Highest Volume — 39 contracts
2026-01-14: Largest IV drop — 65.7% change
2026-01-13: Highest IV Rank — 44.3%
2026-01-02: Largest Expected Move — 8.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$106.28	$101.84	$112.92	$101.84	$109.44
Max Pain	$75.16	$74.11	$95.11	$95.11	$74.11
ATM IV	27.2%	18.0%	52.6%	28.0%	22.0%
Expected Move	5.9%	4.5%	8.0%	8.0%	6.3%
HV 20d	23.3%	20.1%	26.0%	24.2%	26.0%
HV 60d	21.4%	20.2%	25.3%	25.2%	21.7%
IV Rank	13.8%	2.8%	44.3%	14.7%	7.6%
IV Percentile	35.5%	2.4%	95.6%	43.3%	15.1%
Term Structure	1.7%	-7.0%	10.9%	-7.0%	0.8%
VWIV	25.6%	16.0%	30.9%	29.8%	30.9%
Skew 25d	0.7%	-5.6%	8.6%	8.6%	-0.3%
Skew 10d	-2.3%	-10.6%	4.6%	3.5%	1.3%
Call IV 25d	24.7%	16.4%	27.3%	25.8%	27.0%
Put IV 25d	25.4%	20.0%	34.4%	34.4%	26.7%
Bid-Ask Spread %	119.65	108.10	151.24	151.24	110.79
Gamma HHI	0.18	0.08	0.29	0.21	0.08
Net GEX	6.2K	3.6K	10.0K	3.8K	8.8K
Net DEX	-413.0K	-711.3K	-253.1K	-253.1K	-661.2K
Net VEX	-561	-1.2K	-232	-261	-1.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.25	0.00	1.05	0.00	0.00
Total Volume	6.75	0	39	2	3
Total OI	60.4	37	109	37	109

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
2026-01-02	$101.84	$95.11	28.0%	8.0%	24.2%	14.7%	0.0%	8.6%	-7.0%	3.8K	-253.1K	-261	0.00	151.24	N/A	N/A	2	0	29	8
2026-01-05	$103.38	$74.11	30.7%	5.6%	24.4%	18.1%	0.0%	1.5%	4.6%	3.8K	-281.2K	-269	0.00	121.00	N/A	N/A	2	0	31	8
2026-01-06	$104.48	$74.11	32.6%	5.6%	24.2%	20.3%	0.0%	5.1%	2.4%	3.9K	-296.2K	-254	0.00	121.67	N/A	N/A	0	0	32	8
2026-01-07	$103.20	$74.11	34.0%	5.6%	24.8%	22.0%	0.0%	6.6%	4.3%	4.3K	-287.8K	-273	0.00	121.99	N/A	N/A	0	0	32	8
2026-01-08	$103.26	$74.11	35.2%	5.7%	24.5%	23.5%	0.0%	-0.8%	4.4%	4.4K	-286.5K	-272	0.00	121.97	N/A	N/A	0	0	32	8
2026-01-09	$104.06	$74.11	35.2%	5.6%	24.0%	23.4%	0.0%	0.3%	7.3%	4.2K	-290.8K	-265	0.00	120.74	N/A	N/A	1	0	32	8
2026-01-12	$106.08	$74.11	43.4%	4.5%	24.0%	33.3%	0.0%	-0.2%	10.9%	3.6K	-314.7K	-232	0.00	117.21	N/A	N/A	17	0	33	8
2026-01-13	$104.54	$74.11	52.6%	6.0%	23.4%	44.3%	0.0%	-0.6%	-0.5%	6.8K	-343.9K	-464	0.00	120.02	N/A	N/A	0	0	40	8
2026-01-14	$104.61	$74.11	18.0%	5.2%	23.2%	2.8%	0.0%	0.1%	6.0%	6.8K	-342.4K	-460	0.00	121.57	N/A	N/A	0	0	40	8
2026-01-15	$105.81	$74.11	23.0%	6.6%	20.4%	8.8%	0.0%	0.3%	-1.3%	6.0K	-349.8K	-433	0.00	120.26	N/A	N/A	0	0	39	8
2026-01-16	$105.45	$74.11	22.4%	6.4%	20.1%	8.1%	0.0%	-0.5%	-1.1%	5.9K	-344.7K	-436	0.00	118.27	N/A	N/A	0	0	39	8
2026-01-20	$103.80	$74.11	19.8%	5.7%	21.0%	5.0%	0.0%	-0.9%	1.3%	6.4K	-333.4K	-449	0.00	120.20	N/A	N/A	0	0	39	7
2026-01-21	$106.49	$74.11	18.1%	5.2%	22.3%	2.9%	29.8%	-5.6%	-0.5%	5.4K	-354.0K	-411	0.00	118.12	N/A	N/A	10	0	39	7
2026-01-22	$107.09	$74.11	19.5%	5.6%	22.2%	4.6%	0.0%	1.2%	0.4%	8.3K	-454.9K	-449	1.05	116.40	N/A	N/A	19	20	49	7
2026-01-23	$108.38	$74.11	22.6%	6.5%	22.3%	8.4%	0.0%	1.3%	0.5%	8.5K	-509.8K	-773	0.74	114.59	N/A	N/A	19	14	60	16
2026-01-26	$108.16	$74.11	19.3%	5.5%	22.5%	4.4%	16.0%	0.3%	-0.4%	10.0K	-545.6K	-1.1K	1.00	116.57	N/A	N/A	2	2	74	22
2026-01-27	$110.92	$74.11	21.0%	6.0%	23.5%	6.4%	0.0%	1.8%	6.7%	7.8K	-613.2K	-1.1K	0.00	117.02	N/A	N/A	8	0	75	25
2026-01-28	$112.92	$74.11	20.8%	6.0%	23.8%	6.2%	30.9%	-4.8%	-3.0%	7.4K	-686.0K	-1.0K	0.00	115.22	N/A	N/A	16	0	78	25
2026-01-29	$111.62	$74.11	24.9%	7.1%	24.7%	11.0%	0.0%	-0.5%	-1.7%	8.1K	-711.3K	-1.1K	0.00	108.10	N/A	N/A	0	0	84	25
2026-01-30	$109.44	$74.11	22.0%	6.3%	26.0%	7.6%	0.0%	-0.3%	0.8%	8.8K	-661.2K	-1.2K	0.00	110.79	N/A	N/A	3	0	84	25