Options/AIG

AIGAmerican International Group, Inc.

Options Analysis Report•FIRE, MARINE & CASUALTY INSURANCE

Market Cap $40.2B|NYSE

● 2026-08-31$76.93

BULLISH

Analysis: 2026-08-28 EOD data

1Y -5.1%YTD -8.7%7D -0.6%

Options Vol

1,572

30D

Implied Move

±6.2%

IV Rank

AIG Options Overview

IV is low. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for option buyers

Learn

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AIG Gamma Walls

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Value

Is IV priced right?

7.2

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks6/9 checks passed

IV Rank

≤35%

IV Rank 14.4% — cheap vs history

IV/HV Ratio

<1.05x

IV/HV 1.54x — IV premium over HV

Sector Relative≤50%

Sector percentile 23% — below sector median

Term Structure

<1.1x

Front/Back 0.91x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 22.6% — normal range

Spread-Adjusted Value

<80%

Effective IV 65.0% (ATM 22.6% + spread 21.2% + bias) — good value

Execution Efficiency

<3.0%

Total drag 25.03% (spread 21.18% + slippage 3.85%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 0.68 (vega 1.449 / spread 21.18%) — spread drag

Sentiment

Bullish or bearish?

7.2

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bullish - Moderate signal (Conviction: +46%, Raw: +35%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +46% (strong bullish) — Raw: +35%

OI Skew Magnitude

≥15%

|OI skew| 13.6% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +41.2%, OI skew -13.6% — divergent (opposite)

Conviction Quality

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: +32%, ATM: +58%, OTM: -33% — strong bullish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 28% — very bullish vs sector

Activity

Unusual activity?

4.5

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks3/8 checks passed

Volume Surge

≥1.5x

Volume 0.7x avg — normal

Turnover Rate

≥15%

Vol/OI 2.9% — normal turnover

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change +8.1% (5d) — building

Sector Relative≥60%

Sector activity percentile 64% — active vs sector

Trade Quality

≥30%

Large trade volume 25% — mixed

Execution Urgency

≥60%

Aggressive execution 12% — patient

Flow Conviction

≥30

Conviction +46 (bullish) — moderate

Liquidity

Can I trade efficiently?

3.5

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 21.2% — wide

Adequate OI

≥10,000

OI 55,073 — deep

Active Volume

≥500

Volume 1,572/day — adequate

Reasonable Cost

≤$0.50

$1.06 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 24% — tighter than sector

Order Book Depth

≥100 contracts

Depth 72.9 contracts (bid:38.7 ask:34.2) — thin

Execution Quality

<1.0%

Avg slippage 3.85% — poor

Timing

Is now a good time?

7.4

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks8/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -9.2% — contango

IV Percentile Clarity

<30 or >70

IV percentile 14% — buyer opportunity

Event Detection

≥10pts kink

IV kink -0.8pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 3.71 — favors income trades

Expiration Distribution

≥3 expirations

5 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No events detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +46% @ 73% consistency — STRONG directional (bullish)

Smart Money Timing

≥40 composite score

Score 55 (ITM 20% + inst 25%) — moderate institutional

Directional Strategy Fit

Option Buyers

Long Calls7.5

bullishIV cheap, bullish flow

Long Puts5.1

bearishIV cheap, bullish flow

Premium Sellers

Cash-Secured Put5.2

bullishIV too cheap, bullish flow

Covered Call3.6

bearishIV too cheap, bullish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

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