AG Options History — January 2019

In January 2019, AG traded between $5.15 and $6.30. ATM implied volatility averaged 51.7%, placing in the 58.8% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded below realized volatility by 3.0% (HV 20d: 54.7%). Max pain ranged from $6.00 to $6.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.38.

Notable Days

  • 2019-01-29: Highest Volume — 10,336 contracts
  • 2019-01-18: Largest IV drop — 9.3% change
  • 2019-01-02: Highest IV Rank — 82.6%
  • 2019-01-02: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.74$5.15$6.30$5.99$6.09
Max Pain$6.00$6.00$6.00$6.00$6.00
ATM IV51.7%45.5%58.5%58.5%51.5%
Expected Move14.6%12.9%16.5%16.5%14.7%
HV 20d54.7%48.3%66.9%51.8%53.2%
HV 60d54.4%51.7%56.1%53.7%55.4%
IV Rank58.8%36.5%82.6%82.6%58.1%
IV Percentile54.7%19.8%92.1%92.1%55.2%
Term Structure0.3%-4.4%9.2%-0.2%1.0%
VWIV49.9%44.9%57.9%56.3%51.5%
Skew 25d-1.9%-12.3%5.1%-1.6%2.1%
Skew 10d2.8%-10.3%25.2%-1.4%0.2%
Call IV 25d51.1%42.4%56.7%56.7%50.2%
Put IV 25d49.2%39.9%55.3%55.1%52.3%
Bid-Ask Spread %9.537.4815.9511.267.76
Gamma HHI0.220.190.270.210.22
Net GEX315.9K167.5K516.6K426.4K443.4K
Net DEX-12.2M-21.6M-1.4M-15.5M-21.6M
Net VEX-168.1K-193.3K-142.7K-182.1K-186.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.110.700.360.27
Total Volume4,901.2862,37910,3363,6616,532
Total OI186,425.571117,884230,420220,670131,214

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-01-02$5.99$6.0058.5%16.5%51.8%82.6%56.3%-1.6%-0.2%426.4K-15.5M-182.1K0.3611.262,687974175,57745,093
2019-01-03$6.30$6.0058.1%16.0%53.7%81.6%57.9%4.1%0.6%516.6K-21.0M-193.3K0.328.845,2101,675176,03745,378
2019-01-04$6.21$6.0056.7%14.9%54.4%76.4%49.3%-1.7%-3.3%469.0K-18.8M-185.3K0.4311.594,0191,738177,24545,892
2019-01-07$6.06$6.0054.2%15.5%55.6%67.5%54.1%0.8%-1.1%434.0K-15.5M-177.9K0.7010.761,4231,002177,18445,752
2019-01-08$6.13$6.0052.4%14.5%55.6%61.1%50.6%2.3%-1.7%430.8K-15.9M-184.5K0.638.581,7971,126176,48747,147
2019-01-09$6.20$6.0052.2%14.4%55.1%60.6%50.0%-2.0%-3.1%447.7K-17.5M-184.4K0.479.762,6521,251176,72247,623
2019-01-10$6.10$6.0050.9%14.1%55.7%55.7%50.4%-4.5%-1.7%386.3K-15.0M-182.1K0.539.122,4931,314176,62748,152
2019-01-11$5.96$6.0049.1%14.1%55.7%49.6%48.2%-6.0%0.6%353.6K-12.3M-173.4K0.3815.952,9531,119176,32448,688
2019-01-14$5.96$6.0050.9%14.7%55.4%55.8%49.8%-9.6%-0.6%344.3K-11.7M-171.1K0.328.402,037653175,70048,212
2019-01-15$5.38$6.0050.2%14.5%66.9%53.5%51.6%-1.3%-2.3%181.9K-3.2M-154.0K0.2711.215,3561,428176,27648,650
2019-01-16$5.24$6.0050.2%14.4%65.0%53.4%49.2%-3.0%-4.4%169.0K-2.3M-147.5K0.487.784,3332,069178,99849,446
2019-01-17$5.23$6.0050.1%14.5%62.3%53.1%49.2%-0.8%1.2%167.5K-2.0M-147.2K0.388.313,5671,373179,63549,482
2019-01-18$5.15$6.0045.5%12.9%54.5%36.5%45.7%-9.9%2.6%170.3K-1.4M-146.9K0.668.883,6462,393180,56949,851
2019-01-22$5.17$6.0049.3%14.5%48.7%50.0%46.9%0.6%2.6%171.7K-6.5M-142.7K0.127.483,10837287,37930,505
2019-01-23$5.16$6.0049.6%14.2%48.7%51.3%48.7%-12.3%4.6%182.1K-7.3M-148.1K0.378.403,7701,40989,46230,158
2019-01-24$5.27$6.0051.3%14.8%48.3%57.4%46.7%-7.1%-0.8%188.6K-8.7M-151.6K0.378.062,8431,03991,57230,998
2019-01-25$5.54$6.0047.8%13.5%51.2%44.7%47.0%2.8%9.2%225.2K-11.5M-158.2K0.2810.683,8621,07492,22531,352
2019-01-28$5.61$6.0052.2%14.2%51.4%60.3%44.9%3.4%0.9%246.4K-12.4M-159.7K0.4110.511,68769291,39631,135
2019-01-29$5.79$6.0054.7%14.9%52.3%69.3%50.3%5.1%1.0%275.4K-15.5M-170.7K0.117.529,35298492,55631,576
2019-01-30$5.99$6.0051.1%14.3%53.3%56.4%49.8%-2.2%2.1%404.8K-19.8M-183.1K0.189.305,02489198,93631,726
2019-01-31$6.09$6.0051.5%14.7%53.2%58.1%51.5%2.1%1.0%443.4K-21.6M-186.1K0.277.765,1381,39499,44931,765