AG Options History — March 2021

In March 2021, AG traded between $14.88 and $17.61. ATM implied volatility averaged 67.2%, placing in the 19.5% IV rank vs the trailing year. The 30-day expected move averaged 19.1%. IV traded below realized volatility by 0.8% (HV 20d: 68.0%). Max pain ranged from $13.00 to $17.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 0.36.

Notable Days

2021-03-01: Highest Volume — 38,839 contracts
2021-03-19: Largest IV drop — 6.8% change
2021-03-04: Highest IV Rank — 27.3%
2021-03-05: Largest Expected Move — 22.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.36	$14.88	$17.61	$16.89	$15.62
Max Pain	$13.48	$13.00	$17.00	$16.00	$13.00
ATM IV	67.2%	54.4%	78.4%	77.8%	54.4%
Expected Move	19.1%	15.4%	22.4%	21.9%	15.8%
HV 20d	68.0%	44.7%	141.0%	141.0%	46.6%
HV 60d	103.5%	101.6%	105.2%	103.9%	101.8%
IV Rank	19.5%	10.6%	27.3%	26.9%	10.6%
IV Percentile	35.8%	0.8%	75.0%	73.4%	0.8%
Term Structure	0.4%	-5.3%	3.5%	0.5%	-1.3%
VWIV	72.8%	56.3%	95.6%	86.9%	56.3%
Skew 25d	-7.7%	-17.5%	-0.6%	-12.3%	-3.9%
Skew 10d	-19.3%	-64.0%	-1.0%	-30.4%	-11.1%
Call IV 25d	74.8%	60.5%	93.0%	88.4%	61.7%
Put IV 25d	67.1%	55.7%	77.1%	76.1%	57.8%
Bid-Ask Spread %	4.40	2.76	6.99	3.40	4.01
Gamma HHI	0.12	0.09	0.33	0.10	0.11
Net GEX	3.5M	2.5M	6.5M	3.2M	3.2M
Net DEX	-243.4M	-310.0M	-164.7M	-276.3M	-204.3M
Net VEX	-1.1M	-1.2M	-962.6K	-1.2M	-991.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.36	0.14	0.80	0.25	0.46
Total Volume	21,298.609	9,351	38,839	38,839	20,212
Total OI	431,744.826	384,739	459,308	439,041	405,894

Daily Data (23 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
2021-03-01	$16.89	$16.00	77.8%	21.9%	141.0%	26.9%	86.9%	-12.3%	0.5%	3.2M	-276.3M	-1.2M	0.25	3.40	31,121	7,718	352,496	86,545
2021-03-02	$17.61	$17.00	77.7%	21.6%	118.7%	26.8%	84.7%	-17.5%	0.8%	3.8M	-310.0M	-1.2M	0.14	5.17	22,549	3,208	358,459	91,364
2021-03-03	$16.81	$17.00	76.9%	21.7%	65.9%	26.2%	86.0%	-11.4%	-0.1%	3.3M	-268.8M	-1.2M	0.19	3.32	19,264	3,744	361,381	93,422
2021-03-04	$16.09	$13.00	78.4%	22.1%	67.6%	27.3%	83.4%	-16.0%	-5.3%	2.9M	-229.3M	-1.1M	0.36	5.36	23,585	8,424	360,233	94,838
2021-03-05	$15.99	$13.00	77.3%	22.4%	67.4%	26.5%	83.0%	-10.2%	-2.4%	3.0M	-221.6M	-1.1M	0.51	5.53	22,610	11,420	360,921	95,917
2021-03-08	$15.47	$13.00	76.3%	21.2%	67.9%	25.9%	81.0%	-9.1%	-1.8%	2.6M	-202.7M	-1.1M	0.30	5.32	14,454	4,319	344,777	92,845
2021-03-09	$16.22	$13.00	75.5%	21.8%	68.5%	25.3%	95.6%	-9.3%	3.5%	3.2M	-242.8M	-1.1M	0.23	4.12	21,992	5,062	348,768	94,452
2021-03-10	$16.37	$13.00	73.9%	20.9%	68.6%	24.1%	81.3%	-8.5%	-1.4%	3.3M	-249.4M	-1.1M	0.31	6.35	9,949	3,035	355,963	95,625
2021-03-11	$16.46	$13.00	72.4%	20.3%	68.3%	23.1%	81.1%	-6.4%	-1.8%	3.6M	-257.3M	-1.1M	0.19	3.62	16,058	3,001	360,667	98,601
2021-03-12	$16.79	$13.00	71.0%	20.5%	68.6%	22.1%	75.5%	-8.1%	1.1%	3.5M	-272.0M	-1.1M	0.39	4.31	15,966	6,250	361,196	98,112
2021-03-15	$17.30	$13.00	69.7%	20.2%	68.9%	21.2%	74.7%	-9.0%	1.0%	3.9M	-295.1M	-1.1M	0.37	4.86	17,428	6,450	350,329	92,140
2021-03-16	$17.06	$13.00	66.6%	19.1%	69.0%	19.1%	77.8%	-7.7%	1.5%	3.9M	-282.7M	-1.1M	0.37	5.57	13,499	5,041	354,993	94,126
2021-03-17	$17.52	$13.00	68.0%	19.5%	69.7%	20.0%	72.5%	-7.9%	0.5%	4.3M	-307.6M	-1.1M	0.18	5.09	13,058	2,333	355,711	96,155
2021-03-18	$17.05	$13.00	66.2%	18.9%	70.3%	18.8%	74.0%	-6.4%	1.6%	4.2M	-280.9M	-1.1M	0.47	6.99	13,753	6,476	357,433	96,670
2021-03-19	$17.07	$13.00	61.7%	17.5%	70.3%	15.6%	65.0%	-7.2%	1.6%	6.5M	-279.8M	-1.1M	0.56	4.56	16,623	9,271	358,810	98,496
2021-03-22	$16.80	$13.00	59.0%	16.6%	56.0%	13.8%	62.4%	-6.0%	1.5%	3.5M	-256.3M	-1.0M	0.27	3.54	14,518	3,864	302,710	82,029
2021-03-23	$15.86	$13.00	56.5%	15.8%	58.7%	12.1%	58.0%	-4.2%	1.3%	3.3M	-210.7M	-1.0M	0.29	3.32	15,030	4,292	308,641	83,058
2021-03-24	$15.55	$13.00	55.5%	15.4%	55.5%	11.3%	57.5%	-5.0%	1.8%	3.0M	-195.0M	-996.6K	0.31	3.91	7,114	2,237	311,244	84,984
2021-03-25	$15.72	$13.00	56.8%	16.3%	53.4%	12.2%	58.7%	-3.2%	1.4%	3.1M	-201.2M	-1.0M	0.53	3.26	10,319	5,448	312,487	86,394
2021-03-26	$15.81	$13.00	57.5%	16.4%	51.4%	12.8%	59.0%	-1.9%	3.0%	3.1M	-203.9M	-1.0M	0.80	3.75	7,124	5,677	315,564	89,309
2021-03-29	$15.36	$13.00	58.2%	16.8%	47.1%	13.2%	61.1%	-0.6%	2.8%	2.7M	-186.6M	-976.4K	0.48	2.99	11,168	5,399	303,813	85,427
2021-03-30	$14.88	$13.00	58.2%	16.4%	44.7%	13.2%	58.9%	-5.5%	-1.0%	2.5M	-164.7M	-962.6K	0.39	2.76	14,231	5,574	309,009	88,123
2021-03-31	$15.62	$13.00	54.4%	15.8%	46.6%	10.6%	56.3%	-3.9%	-1.3%	3.2M	-204.3M	-991.0K	0.46	4.01	13,837	6,375	315,646	90,248