AG Options History — April 2019

In April 2019, AG traded between $5.89 and $6.61. ATM implied volatility averaged 45.7%, placing in the 38.9% IV rank vs the trailing year. The 30-day expected move averaged 13.5%. IV traded above realized volatility by 10.0% (HV 20d: 35.7%). 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 14 of 21 days. Put/call ratio averaged 0.45.

Notable Days

  • 2019-04-03: Highest Volume — 6,544 contracts
  • 2019-04-15: Largest IV spike — 5.4% change
  • 2019-04-24: Highest IV Rank — 45.3%
  • 2019-04-30: Largest Expected Move — 14.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.24$5.89$6.61$6.33$6.12
Max Pain$6.00$6.00$6.00$6.00$6.00
ATM IV45.7%43.5%47.4%46.7%45.6%
Expected Move13.5%12.6%14.8%13.8%14.8%
HV 20d35.7%29.7%43.1%42.8%34.7%
HV 60d41.8%38.5%45.2%45.2%40.2%
IV Rank38.9%30.7%45.3%42.6%38.8%
IV Percentile30.7%17.1%43.3%33.7%32.1%
Term Structure0.7%-1.9%3.3%-1.1%1.4%
VWIV46.7%43.3%50.3%46.5%48.2%
Skew 25d-2.6%-13.7%5.8%-1.0%1.7%
Skew 10d-3.7%-16.2%12.1%12.1%-1.9%
Call IV 25d46.3%39.6%50.8%46.1%44.9%
Put IV 25d43.7%36.3%49.1%45.1%46.6%
Bid-Ask Spread %8.266.3812.877.198.17
Gamma HHI0.260.210.360.310.23
Net GEX299.8K181.2K426.6K356.7K267.6K
Net DEX-15.2M-20.9M-9.7M-17.0M-13.3M
Net VEX-161.0K-174.2K-141.8K-168.7K-156.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.450.131.420.410.47
Total Volume3,143.811,3146,5443,3571,746
Total OI129,218.952112,068139,671130,338118,748

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-04-01$6.33$6.0046.7%13.8%42.8%42.6%46.5%-1.0%-1.1%356.7K-17.0M-168.7K0.417.192,38097798,36931,969
2019-04-02$6.32$6.0044.4%13.8%42.7%34.2%45.8%-1.1%1.9%373.7K-17.6M-170.3K0.899.421,9841,75998,99732,301
2019-04-03$6.34$6.0043.5%13.0%42.4%30.7%45.5%-6.9%2.8%384.0K-17.7M-169.1K1.426.972,7053,83999,46331,699
2019-04-04$6.53$6.0044.3%13.1%43.1%33.8%46.0%1.7%-1.0%426.6K-19.8M-174.2K0.418.291,829749100,65935,070
2019-04-05$6.45$6.0044.1%14.0%39.4%33.2%47.7%4.8%2.2%412.9K-18.9M-173.6K0.396.541,672647100,91835,254
2019-04-08$6.56$6.0046.5%13.5%39.1%41.9%47.3%-4.8%-0.3%383.8K-20.1M-173.7K0.336.381,39545999,28234,991
2019-04-09$6.61$6.0044.9%13.9%36.4%36.1%46.3%2.4%3.1%414.9K-20.9M-173.6K0.159.942,23232999,81635,134
2019-04-10$6.49$6.0045.4%13.2%36.4%37.7%48.6%-2.0%-1.7%373.7K-19.7M-172.2K0.247.692,128512100,99435,150
2019-04-11$6.32$6.0044.4%13.2%33.6%34.0%45.8%-9.8%3.3%302.6K-15.9M-163.5K0.337.122,942961102,16035,245
2019-04-12$6.28$6.0044.8%13.1%33.5%35.8%45.8%-4.3%0.6%241.7K-15.5M-162.4K0.318.012,441749103,51935,635
2019-04-15$6.27$6.0047.3%13.6%33.5%44.7%46.5%-5.4%1.7%236.0K-15.6M-159.7K0.289.051,025289102,71934,983
2019-04-16$6.08$6.0045.7%13.2%33.6%39.0%46.3%-9.5%0.3%233.7K-12.5M-152.5K0.446.542,5951,138103,31234,882
2019-04-17$6.03$6.0047.3%13.6%32.4%44.8%46.2%-13.7%-0.3%258.9K-12.2M-152.2K0.686.872,2351,519104,00334,802
2019-04-18$6.05$6.0045.9%13.1%32.3%39.8%46.0%-11.5%0.5%318.9K-12.7M-153.7K0.567.082,2471,249104,64135,030
2019-04-22$5.89$6.0046.9%12.6%33.0%43.3%43.3%-2.9%-0.3%181.2K-9.7M-143.3K0.2310.322,37054182,73529,333
2019-04-23$5.94$6.0047.0%14.0%30.1%43.7%48.7%0.8%1.1%201.8K-10.7M-151.6K0.368.162,27781183,66929,472
2019-04-24$5.98$6.0047.4%13.1%30.5%45.3%45.5%5.8%-1.9%204.0K-10.1M-141.8K0.4212.872,9881,26785,20030,144
2019-04-25$5.97$6.0046.4%13.4%29.7%41.6%46.7%3.9%0.7%230.8K-10.7M-149.2K0.5512.762,2061,21487,14230,617
2019-04-26$6.32$6.0044.8%13.7%34.6%35.7%46.8%-5.4%0.9%246.5K-15.7M-165.3K0.467.572,4881,15587,65630,824
2019-04-29$6.08$6.0046.3%13.3%36.9%41.1%50.3%2.8%1.5%246.3K-12.3M-154.2K0.136.571,74123086,76630,295
2019-04-30$6.12$6.0045.6%14.8%34.7%38.8%48.2%1.7%1.4%267.6K-13.3M-156.0K0.478.171,18556188,25430,494