Strategy looks for lower volatility in AIG
Chris McKhann | email@example.com
optionMONSTER systems show that a trader sold 10,000 June 41 calls in one print for $0.89. This is an opening position, as this is a new expiration.
A block of 425,000 AIG shares traded a minute later for $38.6694. The combination of stock and options is apparently creating a short-volatility play. (See our Education section)
AIG closed at $38.60, down 0.95 percent on the day. The stock traded near $40 last week but has given up ground since then. Its close of $39.58 on March 8 was the highest in two years.