AG Options History — January 2021

In January 2021, AG traded between $11.93 and $17.90. ATM implied volatility averaged 72.4%, placing in the 28.0% IV rank vs the trailing year. The 30-day expected move averaged 21.1%. IV traded above realized volatility by 3.0% (HV 20d: 69.4%). Max pain ranged from $12.00 to $13.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.28.

Notable Days

  • 2021-01-28: Highest Volume — 222,049 contracts
  • 2021-01-28: Largest IV spike — 72.9% change
  • 2021-01-29: Highest IV Rank — 89.6%
  • 2021-01-29: Largest Expected Move — 46.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.83$11.93$17.90$14.31$17.90
Max Pain$12.92$12.00$13.00$12.00$13.00
ATM IV72.4%60.4%145.4%66.8%145.4%
Expected Move21.1%17.2%46.0%19.3%46.0%
HV 20d69.4%62.1%98.1%62.1%98.1%
HV 60d63.3%58.5%75.3%60.2%75.3%
IV Rank28.0%17.9%89.6%23.3%89.6%
IV Percentile38.6%20.6%99.2%34.1%99.2%
Term Structure-0.8%-9.9%1.3%-0.2%-6.7%
VWIV78.0%61.4%176.9%67.8%176.9%
Skew 25d-12.0%-86.4%-1.0%-4.3%-60.6%
Skew 10d-13.0%-68.0%-0.9%-8.8%-68.0%
Call IV 25d84.1%63.6%211.5%71.1%209.3%
Put IV 25d72.1%59.7%148.7%66.8%148.7%
Bid-Ask Spread %12.972.7052.489.5024.24
Gamma HHI0.160.100.370.150.10
Net GEX3.0M1.8M4.5M3.5M3.1M
Net DEX-222.4M-408.5M-116.3M-298.1M-408.5M
Net VEX-1.1M-1.1M-967.1K-1.1M-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.280.111.350.150.15
Total Volume48,277.73720,980222,04938,329118,070
Total OI461,981.053377,188530,339496,096411,897

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-01-04$14.31$12.0066.8%19.3%62.1%23.3%67.8%-4.3%-0.2%3.5M-298.1M-1.1M0.159.5033,2045,125369,996126,100
2021-01-05$14.27$13.0067.7%19.1%62.2%24.0%70.6%-4.8%-0.5%3.7M-293.9M-1.1M0.152.7021,1613,112371,713127,853
2021-01-06$14.18$13.0065.3%18.4%62.1%22.0%68.0%-4.7%-0.1%3.8M-292.2M-1.1M0.2716.7519,2125,209380,304129,313
2021-01-07$14.02$13.0063.6%18.1%62.5%20.5%66.5%-5.1%1.0%3.9M-285.2M-1.1M0.132.9118,5722,481386,053131,597
2021-01-08$13.09$13.0065.8%18.6%66.2%22.4%65.8%-5.4%1.3%3.2M-222.2M-1.1M0.266.6847,73212,345392,216132,842
2021-01-11$12.61$13.0064.5%18.2%68.2%21.3%67.6%-5.5%-0.6%3.0M-185.2M-1.0M0.329.9415,9035,077388,394133,622
2021-01-12$12.65$13.0064.5%18.7%67.6%21.3%67.3%-4.5%1.2%2.8M-185.0M-1.0M0.2316.1424,8445,717387,671137,397
2021-01-13$12.24$13.0061.8%17.3%68.0%19.0%65.3%-5.3%-1.1%2.7M-157.1M-1.0M0.1117.4220,8832,330392,729137,610
2021-01-14$12.65$13.0063.1%18.0%63.6%20.2%66.3%-3.3%-0.4%2.5M-179.2M-1.0M0.113.6128,3622,983387,927138,497
2021-01-15$11.93$13.0060.7%17.5%64.0%18.1%64.9%-6.1%-0.2%4.1M-120.0M-967.1K0.2310.9632,3417,311389,089138,628
2021-01-19$12.61$13.0061.6%17.7%64.8%18.8%63.0%-1.0%0.6%1.8M-116.3M-1.0M0.172.9728,2284,938269,951107,237
2021-01-20$13.89$12.5063.6%18.2%73.3%20.6%63.8%-4.2%0.4%2.4M-191.4M-1.1M0.1618.4646,4447,408279,134109,409
2021-01-21$13.55$13.0060.4%17.2%72.2%17.9%61.4%-4.7%1.2%2.6M-174.2M-1.1M0.6122.3914,8869,039288,290112,568
2021-01-22$13.97$13.0064.8%18.6%66.5%21.5%65.3%-3.5%0.5%4.5M-202.0M-1.1M0.223.5026,1825,685293,031116,128
2021-01-25$13.89$13.0065.7%18.2%65.8%22.3%66.3%-5.5%-0.4%2.3M-185.4M-1.1M0.162.7844,4497,059281,563111,947
2021-01-26$14.30$13.0065.7%18.6%66.4%22.4%65.7%-3.8%0.3%2.8M-204.9M-1.1M1.352.7312,70617,178289,942115,129
2021-01-27$13.80$13.0075.0%22.2%67.6%30.2%81.7%-9.0%-0.9%2.6M-180.9M-1.1M0.1120.3435,2123,840290,550109,183
2021-01-28$16.90$13.00129.7%39.9%97.8%76.4%167.5%-86.4%-9.9%2.4M-343.5M-1.1M0.3852.48160,37061,679302,200109,930
2021-01-29$17.90$13.00145.4%46.0%98.1%89.6%176.9%-60.6%-6.7%3.1M-408.5M-1.1M0.1524.24102,80715,263335,39376,504