AG Options History — April 2020

In April 2020, AG traded between $6.06 and $8.64. ATM implied volatility averaged 92.3%, placing in the 46.0% IV rank vs the trailing year. The 30-day expected move averaged 27.0%. IV traded below realized volatility by 20.3% (HV 20d: 112.6%). Max pain ranged from $6.00 to $9.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.29.

Notable Days

  • 2020-04-29: Highest Volume — 14,166 contracts
  • 2020-04-07: Largest IV spike — 147.1% change
  • 2020-04-08: Highest IV Rank — 100.0%
  • 2020-04-01: Largest Expected Move — 32.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.23$6.06$8.64$6.13$8.10
Max Pain$6.38$6.00$9.00$9.00$7.00
ATM IV92.3%39.2%157.7%104.8%79.0%
Expected Move27.0%23.1%32.5%32.5%23.1%
HV 20d112.6%66.1%152.2%150.3%72.7%
HV 60d102.1%97.9%105.4%97.9%105.4%
IV Rank46.0%0.0%100.0%61.3%33.6%
IV Percentile85.5%0.0%100.0%95.2%86.1%
Term Structure-5.9%-120.6%98.8%-21.2%2.4%
VWIV95.2%80.2%113.3%113.3%80.2%
Skew 25d-8.9%-114.7%4.9%-2.7%1.6%
Skew 10d2.4%-32.3%29.0%14.6%2.8%
Call IV 25d105.0%78.8%222.1%114.8%78.8%
Put IV 25d96.0%80.4%112.2%112.2%80.4%
Bid-Ask Spread %22.7511.7748.9020.0515.32
Gamma HHI0.170.130.540.190.14
Net GEX389.1K-541.7K758.0K242.6K758.0K
Net DEX-27.1M-55.5M-9.4M-9.4M-47.0M
Net VEX-265.8K-335.8K-204.6K-204.6K-323.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.290.071.140.180.25
Total Volume8,068.9052,82814,1662,8288,125
Total OI177,347.143147,193197,297182,362174,096

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-04-01$6.13$9.00104.8%32.5%150.3%61.3%113.3%-2.7%-21.2%242.6K-9.4M-204.6K0.1820.052,397431145,69436,668
2020-04-02$6.40$6.0098.1%28.7%151.2%55.0%102.5%-34.3%-84.9%262.6K-13.1M-221.8K0.2220.544,261924146,90236,781
2020-04-03$6.06$6.0090.7%30.0%151.6%48.0%104.6%-5.5%-35.2%229.2K-9.7M-208.5K1.1427.492,9823,411149,22337,442
2020-04-06$6.54$6.0052.1%28.3%152.2%11.7%101.3%-4.3%98.8%283.4K-14.8M-233.3K0.4226.644,0831,714146,39037,937
2020-04-07$6.48$6.00128.8%27.8%151.9%83.9%100.5%-114.7%-120.6%275.5K-13.3M-226.7K0.1818.784,329782148,32538,548
2020-04-08$6.42$6.00157.7%27.5%147.2%100.0%101.6%-31.0%-38.1%284.5K-12.4M-225.3K0.5314.372,0741,091149,90138,812
2020-04-09$6.99$6.0039.2%27.1%138.4%0.0%96.3%-0.7%91.3%388.4K-19.3M-249.1K0.1823.627,1401,291150,46339,235
2020-04-13$7.71$6.0096.0%27.3%134.7%47.9%98.0%0.2%-1.8%442.2K-29.1M-276.7K0.1818.1510,9201,954149,31038,099
2020-04-14$7.64$6.0095.3%27.3%132.4%47.4%97.2%4.9%-1.3%460.8K-29.4M-276.2K0.1919.5911,0722,145153,99338,603
2020-04-15$7.39$6.0097.1%27.8%128.8%48.8%96.8%-1.4%-1.7%386.2K-27.3M-270.0K0.1217.904,654546155,85639,171
2020-04-16$7.31$6.0096.9%27.8%118.3%48.7%94.1%-2.1%-1.5%299.2K-26.1M-269.9K0.2018.593,931801157,08938,917
2020-04-17$6.99$6.0093.6%26.5%109.7%45.9%89.8%-6.4%3.6%-541.7K-20.6M-256.0K1.0016.855,3955,374158,48538,812
2020-04-20$7.21$6.0095.2%27.4%98.6%47.2%95.7%-0.6%-1.3%373.1K-26.9M-263.4K0.1418.0610,0331,427117,54729,646
2020-04-21$7.21$6.0095.4%27.5%92.4%47.4%96.2%-1.0%-2.8%443.1K-27.7M-267.4K0.1929.824,009751122,90730,818
2020-04-22$7.43$6.5093.9%26.4%78.7%46.1%92.7%3.7%-4.3%515.8K-32.3M-281.3K0.2818.644,2001,155125,20931,423
2020-04-23$7.62$7.0095.0%27.1%76.5%47.1%97.0%0.1%-4.6%607.6K-35.0M-285.4K0.1037.3310,9491,079125,75832,269
2020-04-24$7.67$6.5084.7%25.6%74.1%38.4%91.3%2.9%-1.7%465.6K-36.8M-288.9K0.1015.469,371939129,30632,693
2020-04-27$7.77$6.5081.1%23.8%70.4%35.3%82.5%0.5%2.6%547.0K-37.4M-293.2K0.0711.7712,626880129,44631,940
2020-04-28$8.10$6.5084.6%24.2%66.1%38.3%85.3%2.5%-3.6%697.3K-46.5M-324.7K0.2639.804,8031,232137,42132,373
2020-04-29$8.64$7.0079.0%23.5%67.7%33.6%81.4%0.5%2.0%750.8K-55.5M-335.8K0.1448.9012,4531,713137,95032,832
2020-04-30$8.10$7.0079.0%23.1%72.7%33.6%80.2%1.6%2.4%758.0K-47.0M-323.1K0.2515.326,4941,631140,68333,413