AG Options History — February 2019

In February 2019, AG traded between $5.88 and $7.02. ATM implied volatility averaged 50.1%, placing in the 54.1% IV rank vs the trailing year. The 30-day expected move averaged 14.4%. IV traded above realized volatility by 8.2% (HV 20d: 41.9%). Max pain ranged from $6.00 to $6.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.39.

Notable Days

2019-02-19: Highest Volume — 13,448 contracts
2019-02-25: Largest IV drop — 11.5% change
2019-02-01: Highest IV Rank — 64.3%
2019-02-20: Largest Expected Move — 15.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.31	$5.88	$7.02	$5.99	$6.77
Max Pain	$6.00	$6.00	$6.00	$6.00	$6.00
ATM IV	50.1%	43.4%	53.3%	53.3%	43.4%
Expected Move	14.4%	12.4%	15.6%	15.0%	12.4%
HV 20d	41.9%	31.3%	50.8%	50.2%	38.3%
HV 60d	51.4%	47.5%	55.5%	55.5%	47.8%
IV Rank	54.1%	30.6%	64.3%	64.3%	30.6%
IV Percentile	47.3%	15.5%	68.3%	66.7%	15.5%
Term Structure	-1.0%	-6.6%	2.1%	2.1%	1.2%
VWIV	49.5%	41.0%	54.1%	54.1%	41.0%
Skew 25d	-1.2%	-13.1%	3.6%	1.7%	1.1%
Skew 10d	0.8%	-13.5%	20.1%	20.1%	6.7%
Call IV 25d	48.8%	41.7%	53.4%	53.4%	43.7%
Put IV 25d	47.6%	38.6%	55.7%	55.1%	44.7%
Bid-Ask Spread %	8.53	5.03	15.84	15.84	8.12
Gamma HHI	0.21	0.20	0.25	0.20	0.24
Net GEX	465.1K	371.1K	561.8K	395.2K	561.8K
Net DEX	-23.8M	-34.6M	-16.5M	-19.5M	-29.9M
Net VEX	-185.7K	-202.3K	-171.9K	-178.9K	-190.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.39	0.13	0.87	0.33	0.87
Total Volume	4,999.895	1,628	13,448	4,262	4,111
Total OI	132,557.789	129,264	135,048	132,120	133,468

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2019-02-01	$5.99	$6.00	53.3%	15.0%	50.2%	64.3%	54.1%	1.7%	2.1%	395.2K	-19.5M	-178.9K	0.33	15.84	3,208	1,054	100,031	32,089
2019-02-04	$6.04	$6.00	51.7%	14.6%	50.1%	58.6%	51.5%	1.6%	-0.4%	416.7K	-20.0M	-182.7K	0.40	8.17	1,623	654	99,001	31,342
2019-02-05	$6.10	$6.00	52.9%	14.6%	49.5%	62.9%	50.2%	3.1%	-1.2%	435.4K	-21.0M	-184.3K	0.33	9.30	2,400	802	99,639	31,757
2019-02-06	$6.04	$6.00	52.5%	15.0%	49.4%	61.4%	52.5%	0.2%	-1.2%	447.2K	-20.6M	-185.1K	0.39	8.22	2,509	972	100,331	32,256
2019-02-07	$5.88	$6.00	51.7%	14.4%	50.0%	58.5%	50.3%	-0.9%	-2.1%	418.1K	-16.6M	-175.6K	0.27	5.96	2,954	800	100,568	32,829
2019-02-08	$6.04	$6.00	52.3%	14.9%	50.8%	61.0%	53.3%	0.4%	1.0%	413.2K	-20.6M	-185.0K	0.22	14.86	2,850	618	102,001	33,047
2019-02-11	$5.99	$6.00	53.2%	15.2%	50.2%	64.0%	52.3%	-9.9%	-2.8%	404.1K	-18.6M	-180.7K	0.82	6.80	894	734	99,509	32,037
2019-02-12	$5.91	$6.00	52.3%	15.0%	50.4%	63.3%	50.2%	2.5%	-2.3%	371.1K	-16.5M	-171.9K	0.23	7.69	3,904	899	99,778	32,740
2019-02-13	$5.93	$6.00	51.2%	14.7%	33.1%	59.3%	48.7%	-13.1%	-1.5%	397.5K	-17.2M	-172.6K	0.21	5.03	1,840	392	101,032	32,832
2019-02-14	$6.05	$6.00	51.0%	14.8%	31.3%	58.7%	50.8%	-12.1%	-4.5%	426.5K	-19.9M	-180.3K	0.33	5.63	1,799	596	101,468	32,072
2019-02-15	$6.16	$6.00	48.3%	13.5%	31.3%	48.5%	47.6%	-6.2%	1.9%	429.1K	-22.4M	-182.3K	0.23	5.88	4,693	1,081	102,118	32,203
2019-02-19	$6.60	$6.00	52.2%	14.3%	36.8%	62.8%	52.5%	1.9%	-6.6%	497.8K	-28.1M	-190.3K	0.13	9.60	11,874	1,574	99,570	29,694
2019-02-20	$6.63	$6.00	49.1%	15.6%	36.7%	51.6%	50.5%	-0.8%	1.0%	524.3K	-29.4M	-194.4K	0.34	12.57	6,618	2,225	101,536	30,628
2019-02-21	$6.53	$6.00	50.7%	15.1%	37.7%	57.6%	51.1%	-0.1%	-1.8%	514.9K	-27.4M	-192.1K	0.35	8.51	7,322	2,544	102,460	30,870
2019-02-22	$6.61	$6.00	51.0%	15.3%	37.6%	58.5%	49.4%	1.8%	-1.4%	510.5K	-27.9M	-193.1K	0.63	8.25	3,412	2,144	101,908	31,473
2019-02-25	$6.87	$6.00	45.1%	13.2%	36.2%	36.9%	44.4%	3.6%	0.2%	560.3K	-31.9M	-190.0K	0.38	7.73	3,268	1,236	100,864	30,415
2019-02-26	$7.02	$6.00	44.6%	13.1%	36.4%	35.0%	44.0%	1.3%	-1.8%	554.6K	-34.6M	-202.3K	0.32	5.47	5,085	1,618	101,454	30,559
2019-02-27	$6.76	$6.00	44.6%	13.6%	39.5%	34.7%	45.1%	0.9%	0.8%	557.9K	-31.0M	-196.4K	0.65	8.39	2,841	1,850	102,385	30,634
2019-02-28	$6.77	$6.00	43.4%	12.4%	38.3%	30.6%	41.0%	1.1%	1.2%	561.8K	-29.9M	-190.9K	0.87	8.12	2,193	1,918	102,479	30,989