AIG loses 21 cents to $23.70 and a December 24 straddle is sold on the stock today at $3.44, 5000X. The position looks opening and possibly a bet that shares will hold around $24 (~1.3%) through the Dec expiration (39 days). Shares lost 2.9 percent Friday after earnings showed a much wider-than-expected loss for the quarter. AIG has been rangebound for many months, however, and trades at the same levels today as it did in early-August. Meanwhile, implied volatlity in AIG options, which hit 52-week highs of 77 on Oct 3, is up 2.5 percent to 54.5 today.