AG Options History — February 2021

In February 2021, AG traded between $16.19 and $22.03. ATM implied volatility averaged 89.2%, placing in the 34.8% IV rank vs the trailing year. The 30-day expected move averaged 25.5%. IV traded below realized volatility by 63.8% (HV 20d: 153.0%). Max pain ranged from $13.50 to $17.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.24.

Notable Days

2021-02-01: Highest Volume — 158,975 contracts
2021-02-02: Largest IV drop — 42.9% change
2021-02-01: Highest IV Rank — 100.0%
2021-02-01: Largest Expected Move — 54.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$17.87	$16.19	$22.03	$22.03	$18.05
Max Pain	$15.34	$13.50	$17.00	$13.50	$16.00
ATM IV	89.2%	77.6%	182.6%	182.6%	85.9%
Expected Move	25.5%	22.0%	54.0%	54.0%	24.1%
HV 20d	153.0%	119.2%	160.0%	119.2%	140.4%
HV 60d	100.4%	85.3%	103.3%	85.3%	103.3%
IV Rank	34.8%	26.7%	100.0%	100.0%	32.5%
IV Percentile	84.5%	74.2%	100.0%	100.0%	86.1%
Term Structure	-0.4%	-4.9%	2.4%	-4.9%	-1.0%
VWIV	99.0%	82.9%	197.0%	197.0%	97.7%
Skew 25d	-19.1%	-42.3%	-14.5%	-42.3%	-21.8%
Skew 10d	-40.4%	-65.8%	-33.6%	-45.2%	-33.6%
Call IV 25d	106.0%	88.7%	213.6%	213.6%	105.3%
Put IV 25d	86.9%	73.2%	171.3%	171.3%	83.5%
Bid-Ask Spread %	5.42	2.25	22.41	6.59	4.97
Gamma HHI	0.12	0.09	0.19	0.09	0.09
Net GEX	4.4M	2.6M	5.7M	2.6M	3.9M
Net DEX	-353.8M	-543.4M	-266.0M	-543.4M	-339.2M
Net VEX	-1.2M	-1.3M	-1.1M	-1.2M	-1.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.24	0.10	0.47	0.31	0.25
Total Volume	54,946.526	23,091	158,975	158,975	56,386
Total OI	467,865.263	401,350	510,541	401,350	473,154

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2021-02-01	$22.03	$13.50	182.6%	54.0%	119.2%	100.0%	197.0%	-42.3%	-4.9%	2.6M	-543.4M	-1.2M	0.31	6.59	121,131	37,844	325,022	76,328
2021-02-02	$16.66	$14.00	104.2%	29.6%	159.7%	45.3%	123.5%	-27.5%	1.2%	2.8M	-293.3M	-1.2M	0.24	22.41	108,450	26,236	346,971	95,551
2021-02-03	$16.41	$14.00	91.0%	26.7%	159.9%	36.1%	106.1%	-19.7%	1.0%	3.5M	-285.8M	-1.2M	0.47	4.51	39,128	18,446	385,562	106,732
2021-02-04	$16.19	$15.00	85.9%	24.4%	160.0%	32.5%	94.9%	-17.5%	-2.0%	3.5M	-266.0M	-1.2M	0.31	4.91	42,440	13,142	391,393	111,591
2021-02-05	$16.52	$15.00	84.0%	23.9%	159.9%	31.2%	89.9%	-17.8%	0.5%	2.6M	-289.9M	-1.2M	0.25	3.67	39,317	9,858	397,122	113,419
2021-02-08	$17.21	$15.00	83.5%	23.6%	157.7%	30.9%	89.5%	-16.4%	-0.5%	4.7M	-332.0M	-1.2M	0.23	5.73	28,273	6,612	373,320	95,958
2021-02-09	$17.20	$15.00	79.0%	22.4%	156.6%	27.7%	91.3%	-15.6%	-1.2%	5.1M	-332.3M	-1.2M	0.19	5.24	21,992	4,124	380,070	97,189
2021-02-10	$16.81	$15.00	78.9%	22.4%	157.2%	27.6%	90.1%	-14.7%	-0.8%	5.1M	-309.4M	-1.2M	0.15	4.59	20,318	3,136	383,419	97,888
2021-02-11	$16.96	$15.00	78.1%	22.3%	156.2%	27.1%	88.6%	-16.2%	0.2%	5.6M	-317.4M	-1.2M	0.19	4.70	19,408	3,683	385,932	98,925
2021-02-12	$17.37	$15.00	79.7%	22.7%	156.1%	28.2%	92.8%	-14.5%	-1.4%	4.8M	-349.1M	-1.2M	0.10	4.06	48,072	4,936	388,835	100,217
2021-02-16	$17.52	$15.00	82.9%	23.8%	153.7%	30.5%	91.4%	-19.1%	0.5%	4.6M	-345.2M	-1.1M	0.18	3.90	36,106	6,613	361,269	92,990
2021-02-17	$17.60	$15.00	83.3%	23.9%	153.1%	30.7%	87.8%	-17.0%	-0.2%	5.0M	-355.5M	-1.2M	0.35	5.03	17,619	6,240	376,413	95,191
2021-02-18	$17.47	$16.00	80.0%	22.9%	150.3%	28.4%	88.9%	-17.2%	-0.8%	5.5M	-344.4M	-1.2M	0.29	3.54	25,448	7,326	380,926	97,766
2021-02-19	$17.54	$16.00	77.6%	22.0%	149.8%	26.7%	82.9%	-15.6%	2.4%	4.4M	-346.1M	-1.2M	0.20	3.48	36,880	7,285	386,979	100,812
2021-02-22	$19.63	$16.00	85.3%	24.5%	153.8%	32.1%	93.7%	-18.8%	-1.0%	3.9M	-411.9M	-1.2M	0.20	5.24	72,039	14,145	327,489	81,121
2021-02-23	$19.30	$17.00	83.7%	23.7%	154.1%	31.0%	91.6%	-17.0%	-0.4%	4.8M	-407.9M	-1.2M	0.19	3.72	40,761	7,935	352,687	85,774
2021-02-24	$20.12	$17.00	83.5%	23.6%	154.3%	30.9%	88.1%	-17.2%	0.3%	5.7M	-463.0M	-1.3M	0.34	2.25	34,470	11,559	367,449	89,137
2021-02-25	$18.99	$17.00	85.4%	24.6%	155.5%	32.2%	95.6%	-16.7%	-0.4%	5.0M	-391.2M	-1.3M	0.19	4.37	39,279	7,347	375,682	93,157
2021-02-26	$18.05	$16.00	85.9%	24.1%	140.4%	32.5%	97.7%	-21.8%	-1.0%	3.9M	-339.2M	-1.2M	0.25	4.97	45,198	11,188	379,657	93,497