Shares American International Group (AIG) are up .11 to 37.18.? AIG is trading a little less than $3 off of its 52-week highs.
Today a call spread buyer came in and bought 13,000 AIG May 42/43 call spreads for .14.?? Average volume is 77,688 contracts per day in the name.? Open interest is well over 13,000 on both strikes.
The trades could be closing as high volume went up over the last couple of weeks.? May volatility is down .7 points.? It would be worth checking the OI tomorrow to see if the 13,000 contracts drop out.
30-day implied volatility is 30%.?? 10-day implied volatility is 34%.? 30-day implied volatility is trading well above the 10-day historical volatility.
American International Group, Inc. (AIG) is an international insurance company, serving customers in more than 130 countries.