AG Options History — August 2019

In August 2019, AG traded between $9.57 and $11.22. ATM implied volatility averaged 61.5%, placing in the 80.1% IV rank vs the trailing year. The 30-day expected move averaged 17.6%. IV traded above realized volatility by 4.3% (HV 20d: 57.2%). Max pain ranged from $8.00 to $10.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.19.

Notable Days

  • 2019-08-07: Highest Volume — 31,555 contracts
  • 2019-08-16: Largest IV drop — 7.5% change
  • 2019-08-02: Highest IV Rank — 100.0%
  • 2019-08-07: Largest Expected Move — 19.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.44$9.57$11.22$9.82$10.85
Max Pain$8.91$8.00$10.00$8.00$9.00
ATM IV61.5%55.8%66.8%60.0%58.0%
Expected Move17.6%15.7%19.5%18.6%15.7%
HV 20d57.2%47.8%66.5%62.8%48.2%
HV 60d51.4%50.0%53.0%50.0%52.5%
IV Rank80.1%55.3%100.0%89.1%64.3%
IV Percentile93.8%79.4%100.0%98.0%84.5%
Term Structure0.1%-2.9%3.5%-2.1%-0.7%
VWIV61.9%54.8%68.8%63.8%54.8%
Skew 25d-1.6%-6.5%5.4%1.3%-0.9%
Skew 10d-2.1%-20.4%24.2%-3.6%-7.0%
Call IV 25d63.9%57.2%70.7%59.1%57.8%
Put IV 25d62.2%54.5%70.0%60.4%57.0%
Bid-Ask Spread %14.8612.0322.4712.4814.59
Gamma HHI0.190.150.280.230.16
Net GEX1.3M933.5K2.1M1.1M1.1M
Net DEX-88.5M-106.4M-69.5M-75.4M-91.5M
Net VEX-305.3K-320.5K-279.1K-279.1K-319.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.190.080.340.170.34
Total Volume11,4712,80931,55513,4617,764
Total OI185,958.955170,233201,582174,975201,582

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-08-01$9.82$8.0060.0%18.6%62.8%89.1%63.8%1.3%-2.1%1.1M-75.4M-279.1K0.1712.4811,4781,983138,12536,850
2019-08-02$9.57$8.0063.2%18.7%63.9%100.0%58.9%0.7%-2.9%974.8K-69.5M-284.6K0.1612.954,765751140,83537,095
2019-08-05$9.98$10.0066.4%18.5%64.7%100.0%65.4%-1.6%1.0%1.0M-78.8M-294.6K0.1012.9012,5741,291135,27934,954
2019-08-06$9.90$10.0066.3%18.6%65.1%99.5%66.7%-0.7%1.1%1.1M-76.8M-291.5K0.2322.474,349989138,95835,561
2019-08-07$10.44$10.0066.8%19.5%66.5%100.0%68.8%-6.1%0.8%1.3M-91.1M-298.3K0.0816.8129,1622,393140,66436,188
2019-08-08$10.76$10.0065.1%18.3%65.3%92.8%63.6%-6.5%-1.3%1.8M-102.6M-306.8K0.2515.238,7672,169150,72536,924
2019-08-09$10.76$10.0063.3%18.2%64.7%85.8%64.4%-2.8%1.2%1.4M-102.5M-304.7K0.3414.987,7182,653151,64238,071
2019-08-12$10.72$10.0064.4%18.6%65.0%90.3%66.9%-4.0%0.3%1.4M-96.4M-306.0K0.1012.0315,7901,533147,68538,302
2019-08-13$10.32$8.0062.8%18.2%62.3%83.5%63.6%0.6%0.9%1.3M-86.2M-308.4K0.0817.6416,1031,322151,97639,135
2019-08-14$10.19$8.0063.4%18.3%55.5%86.0%65.9%-3.6%1.3%1.2M-84.6M-312.0K0.1514.915,239789154,25039,897
2019-08-15$10.24$8.0064.3%18.5%51.4%89.6%64.7%-2.8%-0.7%1.2M-85.7M-312.5K0.1614.682,780448155,66040,328
2019-08-16$9.86$8.0059.4%17.2%53.3%70.1%62.4%-5.5%0.6%933.5K-73.5M-298.5K0.3013.115,7491,710155,77240,517
2019-08-19$10.01$8.0058.1%16.7%52.5%64.8%58.7%-0.2%0.3%977.5K-72.3M-299.9K0.2114.6311,5152,439137,65836,877
2019-08-20$10.49$8.0058.4%16.8%54.6%65.9%59.7%-2.1%0.0%1.4M-89.1M-310.5K0.1114.457,112792144,65838,833
2019-08-21$10.45$9.0057.4%16.4%53.9%61.8%58.4%-0.7%-2.2%1.4M-88.5M-310.7K0.2314.342,783649146,46839,145
2019-08-22$10.30$9.0055.8%15.8%49.1%55.3%58.0%-3.8%3.5%1.6M-85.1M-305.7K0.2714.372,214595147,69639,468
2019-08-23$10.99$9.0058.1%16.5%53.6%64.7%58.5%5.4%-0.4%1.4M-104.2M-309.5K0.2112.968,8671,870148,35039,776
2019-08-26$10.89$9.0061.2%16.9%53.7%77.1%59.0%-1.9%0.2%1.1M-93.4M-310.2K0.2716.063,9151,074139,29938,823
2019-08-27$11.22$9.0059.5%17.1%54.4%70.4%60.0%1.7%1.5%1.2M-102.1M-312.3K0.0814.9628,1292,213141,11839,933
2019-08-28$11.22$9.0062.5%17.2%47.8%82.5%62.0%-3.4%-1.3%2.1M-106.4M-320.5K0.1714.149,5391,618154,38541,040
2019-08-29$10.76$9.0059.1%16.6%49.5%68.6%57.6%0.5%0.9%1.5M-90.6M-320.1K0.1416.1814,7612,008158,29542,300
2019-08-30$10.85$9.0058.0%15.7%48.2%64.3%54.8%-0.9%-0.7%1.1M-91.5M-319.6K0.3414.595,7851,979158,77342,809