AG Options History — April 2018

In April 2018, AG traded between $6.13 and $6.87. ATM implied volatility averaged 51.5%, placing in the 44.5% IV rank vs the trailing year. The 30-day expected move averaged 15.0%. IV traded above realized volatility by 16.2% (HV 20d: 35.3%). Max pain ranged from $6.00 to $7.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.82.

Notable Days

  • 2018-04-11: Highest Volume — 13,046 contracts
  • 2018-04-03: Largest IV drop — 8.1% change
  • 2018-04-02: Highest IV Rank — 60.1%
  • 2018-04-10: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.51$6.13$6.87$6.24$6.48
Max Pain$6.62$6.00$7.00$6.00$7.00
ATM IV51.5%47.5%57.0%57.0%48.3%
Expected Move15.0%13.7%15.9%15.0%15.5%
HV 20d35.3%28.5%44.6%44.2%32.6%
HV 60d50.0%46.0%52.8%52.4%46.8%
IV Rank44.5%30.9%60.1%60.1%34.4%
IV Percentile41.9%15.9%78.6%78.6%19.0%
Term Structure0.4%-2.2%4.2%1.3%3.8%
VWIV53.2%49.5%63.3%54.7%51.6%
Skew 25d-0.0%-2.8%4.8%2.4%-1.4%
Skew 10d-3.5%-27.0%7.4%-11.4%-25.8%
Call IV 25d52.0%47.9%54.9%54.5%48.5%
Put IV 25d52.0%46.1%56.9%56.9%47.1%
Bid-Ask Spread %10.206.7719.607.079.69
Gamma HHI0.220.160.360.170.22
Net GEX616.3K451.7K955.7K467.4K535.6K
Net DEX-23.0M-32.1M-17.3M-18.9M-19.5M
Net VEX-233.6K-255.1K-206.6K-217.9K-239.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.381.410.580.49
Total Volume8,155.0954,74013,0466,7859,881
Total OI184,536.048167,636198,871178,800179,202

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-04-02$6.24$6.0057.0%15.0%44.2%60.1%54.7%2.4%1.3%467.4K-18.9M-217.9K0.587.074,2842,501146,71532,085
2018-04-03$6.13$6.0052.4%15.5%44.6%43.4%55.1%-1.8%1.7%451.7K-17.3M-214.3K0.798.073,2022,515147,78832,322
2018-04-04$6.13$6.0053.4%13.7%40.1%47.2%52.0%1.8%1.4%472.8K-17.5M-215.0K0.958.472,7172,594148,05032,442
2018-04-05$6.18$6.0054.0%15.4%36.3%49.4%55.2%4.8%1.2%480.6K-17.8M-213.2K1.168.242,1902,550148,50432,448
2018-04-06$6.15$6.0053.5%15.6%36.4%47.6%53.7%-0.1%0.2%482.1K-17.4M-206.7K0.906.942,7552,474149,20332,453
2018-04-09$6.26$6.0052.7%15.8%36.7%44.6%60.6%0.2%3.9%538.1K-18.4M-206.6K0.887.455,7105,046148,68330,462
2018-04-10$6.34$6.0051.7%15.9%35.8%41.1%63.3%1.2%4.2%595.5K-20.6M-219.8K0.8810.025,4074,772152,24633,058
2018-04-11$6.61$6.0053.2%14.9%38.2%46.4%52.1%2.5%-1.6%724.2K-26.6M-235.1K0.5017.018,7184,328155,56233,232
2018-04-12$6.52$7.0051.5%15.2%38.0%46.2%53.0%-1.6%1.2%754.8K-25.6M-234.9K0.8212.103,8173,120158,79734,767
2018-04-13$6.64$7.0051.4%14.9%37.7%45.8%51.9%-2.8%0.4%719.0K-27.9M-241.4K0.828.833,6953,019159,46435,658
2018-04-16$6.57$7.0050.9%14.4%38.0%45.8%50.5%-0.2%-2.2%697.8K-25.4M-238.1K1.108.652,3062,543158,44034,534
2018-04-17$6.71$7.0049.9%14.3%38.5%41.4%50.2%-0.1%1.5%784.6K-27.9M-241.3K0.9110.642,8622,597159,00535,257
2018-04-18$6.87$7.0053.3%15.3%35.9%56.3%52.9%-2.5%0.3%890.8K-32.1M-255.1K0.3814.187,8753,007159,77435,811
2018-04-19$6.85$7.0050.4%14.6%29.6%43.8%50.8%-1.8%-2.0%955.7K-30.7M-251.4K0.5919.605,2313,089161,35936,269
2018-04-20$6.73$7.0050.3%14.6%30.7%43.3%52.0%1.8%-1.0%596.7K-27.9M-246.7K1.369.323,3504,552162,28336,588
2018-04-23$6.50$7.0051.2%15.3%31.6%47.1%55.1%-1.7%-1.2%510.3K-20.5M-240.3K1.419.123,7535,306135,71531,921
2018-04-24$6.56$7.0051.1%15.0%30.2%46.7%51.7%1.9%-1.5%514.1K-20.2M-240.2K1.207.833,0343,649137,14034,942
2018-04-25$6.65$7.0048.9%15.0%30.0%37.3%49.5%-0.7%-1.4%534.6K-21.9M-245.0K0.4613.688,8894,122137,73935,637
2018-04-26$6.75$7.0048.7%14.8%28.7%36.4%50.1%-2.7%0.7%612.8K-23.9M-251.3K0.496.776,5823,252143,08336,252
2018-04-27$6.76$7.0047.5%14.1%28.5%30.9%50.7%0.6%-1.9%623.2K-24.7M-252.3K0.5410.506,4513,512144,02136,346
2018-04-30$6.48$7.0048.3%15.5%32.6%34.4%51.6%-1.4%3.8%535.6K-19.5M-239.3K0.499.696,6433,238143,34335,859