AIG options were active into expiration. There's been speculation about their search for a new CEO as well as potential stock buyback plans. AIG beat on the top and bottom line during an earnings cycle that has generally been quite strong. They also announced a $2.5 billion repurchase plan.

We take a look at the Weekly ATM straddle as well as a June OTM strangle going into and coming out of the "event".

Full Video below: