AG Options History — December 2018

In December 2018, AG traded between $4.89 and $5.90. ATM implied volatility averaged 55.4%, placing in the 71.7% IV rank vs the trailing year. The 30-day expected move averaged 16.2%. IV traded below realized volatility by 0.5% (HV 20d: 55.9%). Max pain ranged from $5.00 to $6.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.33.

Notable Days

  • 2018-12-18: Highest Volume — 9,965 contracts
  • 2018-12-24: Largest IV spike — 8.2% change
  • 2018-12-26: Highest IV Rank — 96.0%
  • 2018-12-05: Largest Expected Move — 18.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.36$4.89$5.90$4.89$5.88
Max Pain$5.85$5.00$6.00$5.00$6.00
ATM IV55.4%51.1%62.2%53.1%57.0%
Expected Move16.2%14.4%18.1%17.0%16.2%
HV 20d55.9%49.7%65.1%59.1%51.9%
HV 60d49.9%46.5%53.7%48.8%53.6%
IV Rank71.7%56.4%96.0%63.5%77.6%
IV Percentile79.5%56.0%99.2%72.2%85.7%
Term Structure0.3%-4.6%5.0%-0.3%0.8%
VWIV57.3%52.1%67.6%59.7%55.5%
Skew 25d0.3%-9.7%11.9%1.4%1.2%
Skew 10d6.2%-22.9%19.0%-22.9%10.1%
Call IV 25d53.5%42.9%63.5%49.3%57.8%
Put IV 25d53.8%44.8%61.6%50.7%59.0%
Bid-Ask Spread %9.816.4714.409.7713.26
Gamma HHI0.190.170.220.190.21
Net GEX253.1K120.4K370.8K128.7K370.8K
Net DEX-6.2M-14.6M696.2K696.2K-13.0M
Net VEX-157.8K-183.7K-135.2K-137.7K-180.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.330.100.820.420.13
Total Volume4,121.81,0649,9652,1713,142
Total OI212,828.45204,814219,865204,814218,849

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-12-03$4.89$5.0053.1%17.0%59.1%63.5%59.7%1.4%-0.3%128.7K696.2K-137.7K0.429.771,532639159,79645,018
2018-12-04$4.93$5.0055.9%17.5%59.5%73.6%65.5%-1.0%-2.9%138.8K-71.3K-138.2K0.1713.913,301573160,29545,427
2018-12-05$4.93$5.0057.1%18.1%59.3%77.9%67.6%-0.4%-3.0%120.4K380.5K-135.2K0.1714.403,331573160,29545,427
2018-12-06$4.91$6.0053.7%15.3%57.5%65.6%54.0%-4.5%2.0%146.9K-213.3K-139.4K0.2510.24848216162,58145,415
2018-12-07$4.97$6.0054.3%14.8%57.7%68.1%52.7%-0.9%-0.2%154.7K-912.3K-144.4K0.246.471,833448162,62945,464
2018-12-10$5.13$6.0054.0%16.7%58.8%67.0%58.5%-1.2%5.0%205.0K-2.5M-147.8K0.107.652,731280162,88745,015
2018-12-11$5.12$6.0054.0%16.3%55.2%66.7%56.9%-1.1%2.7%215.0K-2.9M-149.4K0.288.62958273164,67545,050
2018-12-12$5.32$6.0052.8%16.0%54.5%62.8%54.2%-6.4%4.8%255.9K-4.6M-151.5K0.338.162,599853164,77745,100
2018-12-13$5.27$6.0051.6%15.4%49.9%58.2%54.1%-9.7%2.9%207.0K-3.2M-148.3K0.487.362,2881,099165,84745,511
2018-12-14$5.15$6.0051.1%14.4%49.7%56.4%52.1%-0.4%-2.6%210.9K-3.0M-143.5K0.287.064,5671,266165,99345,626
2018-12-17$5.42$6.0053.3%15.2%53.0%64.5%56.4%0.8%2.4%287.6K-7.2M-157.3K0.118.945,001540167,50744,967
2018-12-18$5.69$6.0054.1%15.5%54.6%67.3%53.2%11.0%-1.0%365.5K-11.2M-171.0K0.1810.308,4191,546170,76744,960
2018-12-19$5.22$6.0052.8%15.1%63.2%62.5%53.2%-6.1%2.7%246.4K-4.8M-157.7K0.4912.073,2551,590172,15945,444
2018-12-20$5.57$6.0055.5%16.0%65.1%72.3%55.4%11.8%-3.4%360.2K-9.8M-170.5K0.479.013,2321,513172,85846,049
2018-12-21$5.57$6.0055.5%16.3%56.1%72.3%56.4%11.9%-4.6%287.9K-10.1M-171.5K0.828.971,8391,508173,75046,115
2018-12-24$5.72$6.0060.1%17.1%54.0%88.6%62.5%5.8%-1.5%315.7K-11.4M-172.9K0.468.862,5681,183170,73344,736
2018-12-26$5.85$6.0062.2%17.8%53.1%96.0%60.6%-1.9%0.7%348.3K-13.2M-180.1K0.219.856,1811,269171,66944,741
2018-12-27$5.90$6.0059.7%17.1%52.4%87.1%58.2%-1.7%0.5%364.6K-14.6M-183.7K0.5610.082,8791,603173,75845,313
2018-12-28$5.78$6.0059.2%16.5%53.1%85.4%59.6%-1.7%1.5%331.1K-12.1M-175.4K0.3511.313,6871,273173,61045,756
2018-12-31$5.88$6.0057.0%16.2%51.9%77.6%55.5%1.2%0.8%370.8K-13.0M-180.0K0.1313.262,769373173,94444,905