AG Options History — July 2018

In July 2018, AG traded between $6.39 and $8.27. ATM implied volatility averaged 46.5%, placing in the 40.1% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded below realized volatility by 0.3% (HV 20d: 46.8%). Max pain ranged from $7.00 to $8.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.50.

Notable Days

  • 2018-07-17: Highest Volume — 15,213 contracts
  • 2018-07-17: Largest IV spike — 9.4% change
  • 2018-07-20: Highest IV Rank — 52.1%
  • 2018-07-20: Largest Expected Move — 14.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.20$6.39$8.27$7.61$6.65
Max Pain$7.62$7.00$8.00$7.00$7.00
ATM IV46.5%42.2%49.8%42.2%46.7%
Expected Move13.4%11.1%14.6%11.1%13.5%
HV 20d46.8%39.7%51.3%40.0%49.8%
HV 60d38.3%34.2%41.5%34.2%40.3%
IV Rank40.1%25.1%52.1%25.1%40.9%
IV Percentile32.6%17.1%47.6%17.1%33.7%
Term Structure-0.1%-3.5%2.9%0.3%1.3%
VWIV46.5%36.1%51.1%36.1%47.8%
Skew 25d-1.3%-6.8%3.6%-0.1%-0.5%
Skew 10d-6.1%-23.7%15.3%-0.3%1.4%
Call IV 25d47.6%40.9%54.8%40.9%45.6%
Put IV 25d46.2%40.6%53.3%40.9%45.1%
Bid-Ask Spread %8.825.4814.999.369.07
Gamma HHI0.210.170.270.220.19
Net GEX581.4K292.9K949.3K642.2K330.7K
Net DEX-27.0M-51.5M-10.9M-33.0M-15.2M
Net VEX-238.0K-279.2K-203.2K-252.8K-214.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.241.170.870.40
Total Volume9,675.0954,20615,2134,2065,717
Total OI190,268.81180,070210,749180,440180,649

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-07-02$7.61$7.0042.2%11.1%40.0%25.1%36.1%-0.1%0.3%642.2K-33.0M-252.8K0.879.362,2441,962147,19733,243
2018-07-03$8.00$7.0043.0%11.4%43.3%27.6%39.1%-2.5%1.0%828.2K-41.7M-271.7K0.2710.319,7902,639147,56033,855
2018-07-05$8.04$7.0044.6%13.4%42.9%33.4%45.5%-2.1%2.8%903.9K-44.7M-272.5K0.339.258,2272,688150,90233,759
2018-07-06$8.27$7.0045.3%13.3%43.2%35.8%46.4%0.8%2.3%838.6K-51.5M-276.1K0.795.486,9545,467153,42234,186
2018-07-09$8.21$8.0044.0%13.3%42.4%31.3%46.4%-2.3%2.9%949.3K-50.0M-279.2K0.555.714,9822,747153,52932,661
2018-07-10$8.01$8.0043.0%12.9%42.2%27.9%45.3%2.3%2.5%878.2K-44.0M-267.2K0.4614.996,7213,084154,87333,817
2018-07-11$7.61$8.0044.6%13.0%46.1%33.6%45.3%-1.4%-0.8%657.8K-34.6M-257.4K0.287.179,1032,555155,73635,568
2018-07-12$7.63$8.0044.9%12.5%45.8%34.4%43.6%-3.2%-0.8%770.9K-36.2M-251.8K0.496.965,8092,820160,65836,228
2018-07-13$7.71$8.0044.9%12.9%45.0%34.7%44.8%2.1%0.3%819.0K-38.7M-256.6K0.249.3810,8372,548161,56536,502
2018-07-16$7.44$8.0044.4%12.7%39.7%32.7%45.0%-6.8%-0.7%661.1K-31.9M-246.7K0.448.145,5542,468160,91136,536
2018-07-17$6.81$8.0048.5%14.1%50.6%47.5%49.1%-1.6%-1.1%619.3K-18.7M-216.3K0.395.5310,9274,286161,20837,089
2018-07-18$6.85$8.0048.4%13.9%50.7%47.1%48.4%2.5%-2.7%633.9K-19.8M-220.6K1.1711.066,4277,492164,19938,051
2018-07-19$6.69$8.0049.8%14.4%51.2%52.0%50.2%-2.9%-2.1%532.3K-15.2M-222.4K0.4911.576,6393,224165,84742,583
2018-07-20$6.60$8.0049.8%14.6%51.3%52.1%51.1%-4.1%-3.5%292.9K-14.4M-215.9K0.388.658,3143,153167,94742,802
2018-07-23$6.39$8.0049.2%14.3%48.8%49.7%49.5%-2.8%-1.3%314.0K-10.9M-203.2K0.558.525,9223,272144,92135,149
2018-07-24$6.53$8.0049.6%14.5%49.6%51.2%50.3%3.6%-0.7%299.8K-13.2M-218.7K0.608.115,0173,000147,10935,949
2018-07-25$6.65$7.5049.2%13.9%50.0%49.8%47.5%-1.2%0.7%298.6K-15.4M-221.1K0.507.084,5182,256148,49536,675
2018-07-26$6.51$7.0049.2%14.1%50.3%49.9%47.4%-2.0%-3.2%293.0K-13.5M-216.2K0.579.153,4972,000149,51036,935
2018-07-27$6.44$7.5047.0%13.9%50.3%42.1%48.5%-3.9%1.5%301.7K-11.8M-208.0K0.328.058,6032,793149,43336,778
2018-07-30$6.50$7.0047.4%14.3%48.6%43.4%49.8%-1.5%-0.9%344.1K-13.6M-209.0K0.5111.664,5712,350145,62335,985
2018-07-31$6.65$7.0046.7%13.5%49.8%40.9%47.8%-0.5%1.3%330.7K-15.2M-214.6K0.409.074,0801,637144,72935,920