AG Options History — May 2020

In May 2020, AG traded between $7.62 and $9.97. ATM implied volatility averaged 74.3%, placing in the 29.6% IV rank vs the trailing year. The 30-day expected move averaged 21.2%. IV traded above realized volatility by 10.5% (HV 20d: 63.8%). Max pain ranged from $7.00 to $9.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.26.

Notable Days

  • 2020-05-15: Highest Volume — 25,678 contracts
  • 2020-05-11: Largest IV spike — 7.5% change
  • 2020-05-04: Highest IV Rank — 35.0%
  • 2020-05-01: Largest Expected Move — 23.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.72$7.62$9.97$8.28$9.97
Max Pain$7.75$7.00$9.00$7.00$9.00
ATM IV74.3%69.0%80.7%79.6%70.2%
Expected Move21.2%19.8%23.2%23.2%20.3%
HV 20d63.8%54.9%72.0%72.0%63.3%
HV 60d105.4%102.3%107.5%105.4%103.2%
IV Rank29.6%25.1%35.0%34.1%26.1%
IV Percentile81.4%77.0%86.9%86.5%77.0%
Term Structure0.1%-3.1%2.7%-0.8%-0.3%
VWIV73.7%69.3%77.5%74.1%69.6%
Skew 25d0.1%-3.1%4.5%2.0%1.8%
Skew 10d4.2%-18.3%37.6%6.3%0.2%
Call IV 25d74.9%68.2%79.6%77.6%70.7%
Put IV 25d75.0%70.0%81.4%79.6%72.5%
Bid-Ask Spread %15.979.8530.5310.0412.87
Gamma HHI0.180.150.370.160.37
Net GEX889.1K590.6K1.7M614.0K1.7M
Net DEX-59.1M-90.3M-35.2M-49.5M-90.3M
Net VEX-361.4K-423.2K-302.4K-328.4K-422.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.260.080.820.210.21
Total Volume10,992.453,91825,6785,84816,630
Total OI188,313.05168,384209,726175,026209,726

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-05-01$8.28$7.0079.6%23.2%72.0%34.1%74.1%2.0%-0.8%614.0K-49.5M-328.4K0.2110.044,8301,018140,75134,275
2020-05-04$8.23$7.0080.7%22.4%67.9%35.0%77.5%1.3%-0.6%632.6K-46.2M-325.4K0.2620.083,121797135,38932,995
2020-05-05$8.11$7.0076.7%22.0%64.7%31.7%76.0%0.5%2.7%620.7K-43.5M-319.3K0.2516.513,803964136,31333,422
2020-05-06$7.92$8.0078.3%21.8%65.5%33.0%76.5%4.5%-0.3%590.6K-41.0M-316.3K0.0814.824,146335138,03834,194
2020-05-07$8.36$8.0078.7%22.4%66.8%33.3%77.4%-1.1%-1.3%736.1K-48.5M-328.6K0.4517.846,5982,961138,99934,308
2020-05-08$8.27$8.0074.0%21.7%61.6%29.3%74.8%-1.5%2.5%711.9K-46.8M-322.7K0.3320.244,2961,425141,46235,099
2020-05-11$7.87$7.0079.5%22.2%55.1%34.0%77.2%-0.2%-2.5%618.6K-38.9M-309.6K0.2015.205,8011,155140,32534,143
2020-05-12$7.88$7.0074.7%21.4%54.9%29.9%75.1%-1.9%-1.4%678.9K-40.2M-308.4K0.1318.496,823916143,32434,981
2020-05-13$7.62$7.0078.0%22.1%55.0%32.7%76.6%-3.0%0.1%595.4K-35.2M-302.4K0.4812.555,0782,431146,49535,605
2020-05-14$7.90$7.0075.2%21.2%56.1%30.4%75.8%-0.8%-1.6%779.1K-41.6M-320.0K0.1330.5318,4942,357149,20537,447
2020-05-15$8.78$7.0074.6%21.4%63.7%29.8%74.9%1.8%1.0%777.8K-65.0M-368.1K0.259.8520,5505,128160,49138,374
2020-05-18$9.24$7.0071.8%20.5%64.9%27.4%72.7%0.8%1.4%912.8K-68.8M-388.1K0.1014.2620,6142,159152,12733,116
2020-05-19$9.53$8.0072.5%20.8%65.0%28.1%73.1%-2.2%0.9%1.1M-79.0M-411.5K0.2718.6914,1073,815161,25134,211
2020-05-20$9.72$8.0069.0%19.8%64.8%25.1%71.1%-0.7%1.7%1.1M-83.8M-423.2K0.1615.578,6781,347165,31236,929
2020-05-21$9.39$8.0071.4%20.6%66.8%27.2%70.6%2.7%-3.1%1.1M-74.9M-410.8K0.2715.239,6092,608166,44637,710
2020-05-22$9.43$8.5069.7%19.9%66.8%25.7%69.3%-1.3%1.8%1.3M-76.3M-412.0K0.1615.878,1741,275169,29338,736
2020-05-26$9.14$8.5069.9%20.4%68.4%25.9%70.2%-3.1%1.1%951.8K-66.8M-400.1K0.2012.996,6241,299161,83136,628
2020-05-27$9.43$9.0070.4%20.4%67.8%26.3%71.4%2.3%-0.2%1.1M-72.9M-408.1K0.1512.409,7551,491164,15337,663
2020-05-28$9.31$9.0070.7%20.5%64.7%26.5%70.3%0.2%0.3%1.2M-72.2M-401.6K0.8215.384,7543,883167,27138,223
2020-05-29$9.97$9.0070.2%20.3%63.3%26.1%69.6%1.8%-0.3%1.7M-90.3M-422.9K0.2112.8713,7202,910168,84340,883