AG Options History — February 2020

In February 2020, AG traded between $7.47 and $10.10. ATM implied volatility averaged 54.2%, placing in the 51.9% IV rank vs the trailing year. The 30-day expected move averaged 15.9%. IV traded above realized volatility by 10.9% (HV 20d: 43.3%). Max pain ranged from $9.00 to $11.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.24.

Notable Days

  • 2020-02-19: Highest Volume — 22,451 contracts
  • 2020-02-28: Largest IV spike — 29.6% change
  • 2020-02-28: Highest IV Rank — 100.0%
  • 2020-02-28: Largest Expected Move — 23.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.49$7.47$10.10$9.84$7.47
Max Pain$10.08$9.00$11.00$11.00$9.00
ATM IV54.2%49.8%74.9%53.0%74.9%
Expected Move15.9%14.3%23.1%14.9%23.1%
HV 20d43.3%33.1%69.5%40.5%69.5%
HV 60d46.6%43.6%56.5%44.9%56.5%
IV Rank51.9%37.2%100.0%48.9%100.0%
IV Percentile69.5%58.7%100.0%67.5%100.0%
Term Structure0.1%-3.0%5.0%1.1%-3.0%
VWIV55.7%52.5%78.1%52.9%78.1%
Skew 25d-2.0%-4.9%3.4%0.7%-0.9%
Skew 10d-6.4%-21.5%18.2%10.6%0.9%
Call IV 25d56.3%51.3%78.2%53.1%78.2%
Put IV 25d54.3%48.0%77.3%53.8%77.3%
Bid-Ask Spread %16.075.6546.6230.6318.59
Gamma HHI0.210.180.530.190.20
Net GEX701.7K336.4K2.2M573.5K336.4K
Net DEX-25.4M-37.6M-8.4M-24.7M-8.4M
Net VEX-264.1K-293.1K-216.7K-263.9K-216.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.240.130.480.240.35
Total Volume7,860.8421,08822,4516,05319,097
Total OI141,982.526129,828161,121129,828161,121

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-02-03$9.84$11.0053.0%14.9%40.5%48.9%52.9%0.7%1.1%573.5K-24.7M-263.9K0.2430.634,8771,17697,15632,672
2020-02-04$9.55$11.0052.2%15.3%40.7%46.0%53.2%3.4%-1.2%503.2K-20.3M-256.7K0.3142.953,8031,19398,17333,515
2020-02-05$9.72$11.0051.5%15.2%40.4%43.5%53.5%-2.5%-0.7%543.8K-23.5M-263.8K0.1346.622,95238899,48734,281
2020-02-06$9.90$10.0052.4%14.7%36.5%46.7%52.6%-3.9%-1.1%616.8K-27.6M-273.0K0.1812.703,039560101,45534,275
2020-02-07$9.61$10.0051.6%15.1%36.6%43.8%53.9%0.2%-1.0%586.3K-23.2M-265.2K0.2811.262,251632103,49434,704
2020-02-10$9.81$10.0051.3%15.2%37.0%42.9%53.3%-0.5%2.6%625.3K-26.4M-266.4K0.2211.912,136460101,93332,979
2020-02-11$9.77$10.0053.0%15.1%35.4%49.0%53.4%-2.3%-0.3%637.6K-26.2M-265.0K0.3010.521,262379102,78233,218
2020-02-12$9.62$10.0052.3%15.1%34.8%46.6%53.1%-1.7%0.2%593.2K-23.8M-260.9K0.2713.15857231103,24733,419
2020-02-13$9.61$10.0052.3%15.1%33.2%46.5%52.8%-2.3%-0.4%582.0K-24.1M-257.2K0.4811.322,0981,006103,50532,706
2020-02-14$9.59$10.0052.4%15.3%33.1%47.0%53.4%-1.7%1.9%543.5K-24.5M-257.9K0.2113.694,122880104,58232,847
2020-02-18$10.10$10.0053.5%15.3%35.8%51.0%54.4%-4.8%0.2%772.2K-33.8M-271.3K0.168.229,1161,471105,80132,188
2020-02-19$9.32$10.0049.8%14.3%45.3%37.2%52.5%-3.5%-0.6%624.2K-20.6M-249.2K0.1811.7519,0893,362111,35732,870
2020-02-20$9.72$10.0052.8%15.3%48.3%48.5%53.0%-4.1%-2.6%854.3K-31.9M-282.3K0.195.658,4791,596119,44433,307
2020-02-21$9.97$10.0052.0%14.9%49.3%45.3%52.8%-1.8%1.1%2.2M-37.6M-293.1K0.149.446,674914121,75033,697
2020-02-24$9.80$10.0055.8%16.5%48.1%59.2%58.4%-2.0%5.0%813.8K-34.9M-286.6K0.2112.6113,4032,796109,92429,948
2020-02-25$9.40$10.0056.0%16.7%48.3%60.0%58.6%-2.7%-1.5%765.6K-29.6M-277.4K0.1512.539,5371,424117,01331,545
2020-02-26$9.27$10.0055.4%16.6%48.1%57.8%58.3%-3.5%1.1%739.6K-27.2M-273.2K0.1311.443,932503120,01632,410
2020-02-27$8.28$9.5057.8%17.7%61.2%66.6%61.2%-4.9%1.1%450.4K-14.0M-238.9K0.3910.269,8253,836122,24732,600
2020-02-28$7.47$9.0074.9%23.1%69.5%100.0%78.1%-0.9%-3.0%336.4K-8.4M-216.7K0.3518.5914,1524,945127,47033,651