AG Options History — August 2018

In August 2018, AG traded between $5.10 and $6.63. ATM implied volatility averaged 47.3%, placing in the 43.2% IV rank vs the trailing year. The 30-day expected move averaged 13.5%. IV traded below realized volatility by 13.6% (HV 20d: 61.0%). Max pain ranged from $6.00 to $7.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 0.88.

Notable Days

  • 2018-08-13: Highest Volume — 24,635 contracts
  • 2018-08-15: Largest IV spike — 12.9% change
  • 2018-08-15: Highest IV Rank — 58.1%
  • 2018-08-15: Largest Expected Move — 14.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.83$5.10$6.63$6.54$5.54
Max Pain$6.43$6.00$7.00$7.00$6.00
ATM IV47.3%45.1%51.5%48.4%49.1%
Expected Move13.5%12.6%14.5%14.4%14.1%
HV 20d61.0%41.3%78.2%45.1%78.2%
HV 60d49.0%38.6%57.7%40.4%57.5%
IV Rank43.2%35.1%58.1%46.9%49.6%
IV Percentile40.2%27.0%65.9%40.9%52.4%
Term Structure-0.2%-5.2%3.0%-3.1%1.3%
VWIV46.7%40.7%51.0%51.0%43.9%
Skew 25d0.3%-9.4%10.3%0.7%6.6%
Skew 10d-2.0%-17.6%16.5%-4.3%5.8%
Call IV 25d46.5%35.9%57.2%46.4%43.6%
Put IV 25d46.8%39.7%52.1%47.1%50.2%
Bid-Ask Spread %9.726.9514.208.259.95
Gamma HHI0.190.160.230.200.16
Net GEX241.8K145.0K369.1K340.1K196.6K
Net DEX-6.3M-14.2M2.2M-13.6M-5.6M
Net VEX-185.8K-213.6K-149.8K-209.5K-181.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.391.530.490.77
Total Volume8,336.6094,35924,6356,2356,684
Total OI195,174.478181,138209,803181,885209,803

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-08-01$6.54$7.0048.4%14.4%45.1%46.9%51.0%0.7%-3.1%340.1K-13.6M-209.5K0.498.254,1932,042145,90735,978
2018-08-02$6.56$7.0046.8%13.5%45.1%41.3%47.5%1.9%-3.5%331.9K-14.2M-209.8K0.729.392,5401,819146,16236,198
2018-08-03$6.59$7.0045.2%13.8%43.1%35.5%48.3%-0.3%-5.2%343.9K-14.2M-208.9K0.5812.093,2201,863146,37636,289
2018-08-06$6.63$7.0047.6%12.7%43.6%44.2%44.6%2.1%-4.7%369.1K-13.8M-212.1K0.647.133,0691,971145,43735,701
2018-08-07$6.42$7.0045.1%12.6%44.0%35.1%43.8%-5.1%1.8%305.4K-11.3M-197.1K1.4011.682,6413,710146,26635,574
2018-08-08$6.37$7.0045.3%12.9%41.3%36.1%44.9%-3.5%-0.1%275.2K-10.1M-201.8K1.498.104,0376,019146,65536,954
2018-08-09$6.50$7.0045.9%12.8%42.4%38.1%40.7%7.5%-1.9%252.4K-10.1M-213.6K1.5310.483,7785,795146,82441,185
2018-08-10$6.47$7.0045.3%12.9%41.9%36.0%45.0%2.1%0.7%334.3K-9.7M-213.0K0.839.223,3592,795147,47441,227
2018-08-13$5.59$7.0045.7%12.8%63.9%37.4%45.2%-2.7%0.3%189.1K-866.4K-160.9K0.689.3914,62810,007146,57739,197
2018-08-14$5.62$7.0045.7%12.7%57.8%37.3%44.1%10.3%-2.1%225.4K-1.9M-169.0K1.3214.204,8526,420153,33041,037
2018-08-15$5.10$6.0051.5%14.5%65.3%58.1%50.9%-6.4%-0.9%145.0K2.2M-149.8K0.766.958,1226,135153,49242,218
2018-08-16$5.10$6.0049.1%13.3%65.4%49.4%47.3%3.7%-2.5%174.0K1.1M-153.9K1.078.164,3774,697158,97643,069
2018-08-17$5.22$6.0049.3%14.3%66.7%50.0%49.6%2.6%-0.8%188.5K380.3K-161.8K0.797.333,7863,005160,25643,911
2018-08-20$5.43$6.0046.7%13.3%68.6%41.1%47.4%1.7%2.6%212.6K-4.0M-177.4K0.949.433,4233,207154,59141,272
2018-08-21$5.52$6.0046.7%13.4%68.3%40.8%46.4%0.8%3.0%215.8K-4.1M-172.8K1.0711.803,2673,499155,91842,614
2018-08-22$5.55$6.0047.4%13.6%67.8%43.3%47.1%1.5%0.5%207.7K-4.0M-176.2K0.6012.034,1632,516156,58144,164
2018-08-23$5.22$6.0047.6%13.6%70.2%44.1%47.9%-9.4%0.7%151.8K-286.1K-163.9K0.719.164,3013,055156,95844,527
2018-08-24$5.51$6.0046.2%13.0%73.9%39.1%46.0%1.2%1.8%239.6K-4.7M-185.4K0.5812.224,8012,793158,77945,384
2018-08-27$5.85$6.0048.9%13.6%77.5%48.9%45.0%-0.1%0.6%250.1K-9.5M-196.1K0.398.716,3212,478158,20844,874
2018-08-28$5.67$6.0047.4%14.1%77.3%43.4%49.3%-5.6%2.3%238.0K-7.2M-192.9K0.659.785,1053,311161,10345,566
2018-08-29$5.68$6.0047.4%13.6%77.3%43.5%49.9%-3.0%2.4%199.9K-6.4M-189.2K1.299.832,5383,282160,66347,379
2018-08-30$5.47$6.0050.7%14.0%78.0%55.1%47.6%-0.3%2.2%175.9K-3.3M-176.0K0.948.294,1793,939160,93747,422
2018-08-31$5.54$6.0049.1%14.1%78.2%49.6%43.9%6.6%1.3%196.6K-5.6M-181.9K0.779.953,7742,910162,68847,115