AG Options History — May 2019

In May 2019, AG traded between $5.55 and $6.09. ATM implied volatility averaged 45.8%, placing in the 39.2% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 8.2% (HV 20d: 37.5%). Max pain ranged from $6.00 to $6.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.76.

Notable Days

  • 2019-05-09: Highest Volume — 8,211 contracts
  • 2019-05-09: Largest IV drop — 8.8% change
  • 2019-05-06: Highest IV Rank — 52.2%
  • 2019-05-01: Largest Expected Move — 15.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.82$5.55$6.09$5.98$6.09
Max Pain$6.00$6.00$6.00$6.00$6.00
ATM IV45.8%42.8%49.3%45.7%44.6%
Expected Move13.3%12.0%15.0%15.0%13.5%
HV 20d37.5%32.1%40.6%35.5%37.5%
HV 60d39.6%36.3%41.8%40.5%39.0%
IV Rank39.2%28.3%52.2%38.8%35.0%
IV Percentile31.7%13.1%55.6%32.5%20.6%
Term Structure-0.2%-5.3%6.0%1.1%0.6%
VWIV45.0%29.9%52.0%48.2%47.0%
Skew 25d0.9%-7.1%12.3%3.6%-1.0%
Skew 10d2.9%-11.9%20.2%0.1%1.3%
Call IV 25d44.1%35.0%49.9%43.2%48.6%
Put IV 25d44.9%35.6%50.6%46.8%47.6%
Bid-Ask Spread %8.575.4219.146.537.88
Gamma HHI0.270.230.320.230.26
Net GEX202.7K146.5K255.1K251.5K249.5K
Net DEX-9.4M-14.1M-6.0M-11.4M-14.1M
Net VEX-141.0K-154.5K-125.6K-154.5K-149.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.156.380.250.22
Total Volume3,212.5451,2018,2112,0704,328
Total OI121,565.091118,525125,964119,080123,989

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-05-01$5.98$6.0045.7%15.0%35.5%38.8%48.2%3.6%1.1%251.5K-11.4M-154.5K0.256.531,66240888,59930,481
2019-05-02$5.74$6.0046.8%14.4%37.9%42.9%48.1%-7.1%-1.1%213.5K-8.7M-145.2K0.287.792,60974088,93930,583
2019-05-03$5.83$6.0045.6%15.0%36.5%38.7%52.0%-1.7%2.5%202.7K-9.4M-146.5K0.328.922,39876190,19330,854
2019-05-06$5.82$6.0049.3%13.5%36.4%52.2%47.6%0.6%-4.0%211.7K-9.1M-143.4K0.3611.7791232888,97030,851
2019-05-07$6.01$6.0048.6%14.1%38.0%49.7%49.1%-1.9%-2.3%223.6K-11.4M-148.3K0.268.962,04153689,35531,080
2019-05-08$5.88$6.0049.2%13.9%38.2%51.9%48.7%-3.0%-0.7%207.2K-9.6M-143.6K0.4219.141,92681689,69331,277
2019-05-09$5.99$6.0044.9%13.6%38.9%35.9%46.0%1.1%2.9%255.1K-10.9M-147.5K6.387.361,1137,09890,05831,712
2019-05-10$5.91$6.0043.6%12.9%38.1%31.2%48.1%1.4%0.6%208.2K-9.5M-146.0K1.206.2566779890,19033,169
2019-05-13$6.07$6.0046.9%14.1%39.6%43.2%48.5%12.3%1.7%235.6K-12.1M-147.4K0.156.913,44652589,31231,088
2019-05-14$5.94$6.0046.3%13.0%40.2%41.2%46.2%4.5%-1.2%239.1K-10.9M-146.5K1.835.422,6524,84591,90731,499
2019-05-15$5.92$6.0047.5%12.7%38.8%45.7%45.2%2.8%-4.6%225.2K-10.7M-145.1K0.166.111,15118792,18832,078
2019-05-16$5.80$6.0044.0%13.2%39.3%32.8%48.0%-4.4%2.2%194.0K-8.3M-137.8K0.369.472,16078693,12132,052
2019-05-17$5.88$6.0043.4%12.6%39.7%30.3%43.7%-1.8%0.2%175.7K-8.8M-139.5K0.465.622,03393293,78632,178
2019-05-20$5.83$6.0042.8%12.0%38.7%28.3%42.0%-3.3%6.0%169.8K-9.2M-138.9K0.2012.191,00219987,71430,811
2019-05-21$5.78$6.0043.9%12.5%38.6%32.2%44.3%-5.0%1.5%168.1K-8.2M-134.2K0.628.281,26578288,06730,858
2019-05-22$5.57$6.0043.0%12.3%40.5%29.0%42.7%7.6%2.2%146.5K-6.0M-125.6K0.527.181,32068088,84731,317
2019-05-23$5.61$6.0044.0%12.5%40.6%32.6%41.9%6.4%2.2%161.7K-7.2M-134.7K0.746.911,6481,22089,11531,043
2019-05-24$5.66$6.0043.2%12.3%34.3%29.6%36.3%0.5%-0.2%167.1K-7.7M-133.4K0.918.051,3291,20889,87531,285
2019-05-28$5.56$6.0046.2%13.3%32.4%41.0%43.2%0.9%-2.5%160.4K-6.3M-126.6K0.316.782,24768689,19431,219
2019-05-29$5.55$6.0049.3%12.9%32.1%52.1%42.9%2.5%-5.3%188.5K-7.2M-132.1K0.5310.932,6781,42990,92031,610
2019-05-30$5.73$6.0048.1%13.4%33.9%47.8%29.9%4.1%-5.3%205.7K-9.2M-135.5K0.1710.024,37275391,99431,361
2019-05-31$6.09$6.0044.6%13.5%37.5%35.0%47.0%-1.0%0.6%249.5K-14.1M-149.8K0.227.883,55277692,60231,387