AG Options History — March 2019

In March 2019, AG traded between $6.33 and $7.13. ATM implied volatility averaged 44.6%, placing in the 34.9% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded below realized volatility by 1.4% (HV 20d: 46.0%). Max pain ranged from $5.00 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 0.42.

Notable Days

  • 2019-03-14: Highest Volume — 8,561 contracts
  • 2019-03-13: Largest IV drop — 8.2% change
  • 2019-03-28: Highest IV Rank — 42.1%
  • 2019-03-06: Largest Expected Move — 14.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.72$6.33$7.13$6.37$6.58
Max Pain$5.85$5.00$6.00$6.00$6.00
ATM IV44.6%42.3%46.5%45.2%43.6%
Expected Move13.4%11.4%14.3%12.6%13.3%
HV 20d46.0%40.4%51.5%44.8%40.4%
HV 60d48.0%44.4%51.5%49.7%45.6%
IV Rank34.9%26.2%42.1%37.1%31.1%
IV Percentile20.4%14.3%31.7%20.2%17.5%
Term Structure-0.2%-2.7%2.2%-1.9%2.0%
VWIV46.5%39.7%49.3%46.1%46.0%
Skew 25d0.2%-9.5%4.9%-2.1%-2.0%
Skew 10d0.3%-7.4%15.4%1.0%-0.9%
Call IV 25d44.4%39.6%48.9%45.8%45.9%
Put IV 25d44.6%38.8%48.2%43.7%43.9%
Bid-Ask Spread %15.316.0685.216.0614.33
Gamma HHI0.290.210.440.230.29
Net GEX532.7K412.0K809.2K492.6K412.0K
Net DEX-26.0M-31.4M-20.9M-23.2M-20.9M
Net VEX-183.6K-195.6K-175.2K-181.5K-175.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.140.890.630.25
Total Volume3,669.3331,7388,5615,4993,750
Total OI131,000.762126,845133,774133,774131,131

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-03-01$6.37$6.0045.2%12.6%44.8%37.1%46.1%-2.1%-1.9%492.6K-23.2M-181.5K0.636.063,3692,130102,51831,256
2019-03-04$6.38$6.0045.7%13.3%44.2%38.9%47.1%4.4%-0.3%516.2K-22.6M-180.1K0.678.072,1701,443101,67430,336
2019-03-05$6.43$6.0044.6%13.3%44.2%35.0%39.7%-4.7%1.4%513.2K-23.4M-180.6K0.786.641,3781,075101,96830,559
2019-03-06$6.33$6.0045.1%14.3%44.6%36.6%47.9%-9.5%0.5%496.0K-21.8M-178.1K0.1510.383,344506102,38630,801
2019-03-07$6.46$6.0046.2%11.9%44.9%40.9%40.7%4.1%2.2%522.8K-24.5M-184.0K0.3812.501,506566101,94030,871
2019-03-08$6.78$6.0045.5%11.4%46.1%38.1%42.6%-3.0%-2.7%481.1K-29.7M-190.6K0.2485.213,683885102,31830,926
2019-03-11$6.62$6.0044.0%14.0%46.7%32.5%48.5%1.3%0.4%494.5K-25.6M-183.4K0.2417.731,53937099,96130,587
2019-03-12$6.88$6.0046.0%13.5%47.9%40.2%48.3%4.5%-1.9%560.4K-29.5M-185.3K0.1813.411,952354100,60630,643
2019-03-13$6.97$6.0042.3%13.5%47.4%26.2%47.7%-3.6%1.0%633.7K-31.4M-185.6K0.4218.502,317963101,19630,715
2019-03-14$6.64$6.0044.6%13.5%51.5%34.9%48.2%2.8%-0.6%494.9K-25.9M-182.1K0.1420.327,4791,082101,59931,018
2019-03-15$6.67$6.0044.8%13.6%51.2%35.7%47.7%-0.3%-1.6%466.0K-25.9M-180.2K0.3914.233,0021,171101,89131,564
2019-03-18$6.63$0.0044.9%13.5%51.1%36.0%43.5%3.6%-2.5%472.2K-23.3M-181.6K0.349.881,83963396,53730,308
2019-03-19$6.77$5.0042.8%13.8%45.5%28.1%46.2%4.5%0.3%545.2K-24.7M-181.5K0.7710.9498475497,42130,841
2019-03-20$6.90$5.0043.1%13.3%45.9%29.3%48.7%4.9%0.8%649.4K-27.8M-185.2K0.3613.343,0491,11198,12830,944
2019-03-21$6.94$5.0043.5%13.4%45.5%30.8%49.0%1.7%-0.9%809.2K-28.0M-183.5K0.6810.881,7371,18899,55831,295
2019-03-22$6.90$6.0044.1%13.5%45.4%32.9%47.8%4.0%-2.5%514.2K-27.1M-185.5K0.8911.591,8701,66199,71231,307
2019-03-25$7.13$6.0045.0%13.6%44.8%36.4%47.5%-1.3%1.4%574.5K-31.1M-190.4K0.188.433,75166797,23230,953
2019-03-26$7.11$6.0043.9%14.1%44.3%32.4%49.3%-3.4%1.4%584.9K-30.7M-195.6K0.489.572,9841,43597,68731,171
2019-03-27$6.91$6.0045.4%13.5%43.3%37.9%47.3%-4.5%0.1%532.3K-26.8M-184.0K0.289.413,45595497,44432,063
2019-03-28$6.62$6.0046.5%13.7%46.0%42.1%47.6%2.1%-2.0%422.0K-21.6M-180.7K0.3310.052,22572597,55832,393
2019-03-29$6.58$6.0043.6%13.3%40.4%31.1%46.0%-2.0%2.0%412.0K-20.9M-175.2K0.2514.333,00174998,44332,688