AG Options History — May 2021

In May 2021, AG traded between $14.94 and $17.84. ATM implied volatility averaged 58.2%, placing in the 3.4% IV rank vs the trailing year. The 30-day expected move averaged 16.8%. IV traded above realized volatility by 0.2% (HV 20d: 58.0%). Max pain ranged from $15.00 to $16.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.40.

Notable Days

  • 2021-05-17: Highest Volume — 73,709 contracts
  • 2021-05-17: Largest IV spike — 14.2% change
  • 2021-05-17: Highest IV Rank — 8.3%
  • 2021-05-05: Largest Expected Move — 18.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.67$14.94$17.84$16.05$17.70
Max Pain$15.55$15.00$16.00$16.00$16.00
ATM IV58.2%53.2%64.5%61.2%53.7%
Expected Move16.8%14.7%18.8%18.6%14.7%
HV 20d58.0%51.7%62.3%51.7%58.8%
HV 60d56.4%50.9%61.8%55.3%50.9%
IV Rank3.4%0.0%8.3%5.3%0.4%
IV Percentile13.5%0.0%34.9%21.4%1.2%
Term Structure1.1%-0.9%3.0%1.4%2.9%
VWIV61.9%54.2%75.3%68.9%56.4%
Skew 25d-9.2%-13.7%-6.3%-13.0%-7.1%
Skew 10d-24.1%-38.7%-16.8%-22.9%-18.3%
Call IV 25d66.7%59.6%74.1%72.5%59.9%
Put IV 25d57.5%52.0%64.0%59.5%52.8%
Bid-Ask Spread %8.033.5121.365.933.51
Gamma HHI0.120.100.160.120.11
Net GEX3.6M1.6M5.2M3.1M3.9M
Net DEX-230.7M-306.2M-148.3M-197.6M-266.3M
Net VEX-1.1M-1.2M-1.0M-1.1M-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.220.670.290.40
Total Volume31,624.4517,87673,70937,84124,663
Total OI403,663.9367,273430,130367,273403,768

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-05-03$16.05$16.0061.2%18.6%51.7%5.3%68.9%-13.0%1.4%3.1M-197.6M-1.1M0.295.9329,4218,420292,23375,040
2021-05-04$15.12$16.0061.2%18.8%52.7%5.3%72.1%-9.5%0.9%2.4M-155.3M-1.0M0.4014.7915,1856,065303,37880,230
2021-05-05$14.94$16.0060.6%18.8%52.7%4.8%68.8%-9.5%0.1%2.5M-148.3M-1.0M0.5021.3613,4466,716309,68180,310
2021-05-06$15.91$16.0062.0%17.8%54.9%5.9%63.8%-13.7%0.1%3.8M-203.4M-1.1M0.3116.2937,14811,515317,68783,997
2021-05-07$16.36$16.0053.8%15.9%56.0%0.0%57.7%-9.1%0.6%4.4M-226.4M-1.1M0.474.4927,95113,132323,40388,693
2021-05-10$15.85$16.0056.4%16.6%55.1%2.0%59.7%-10.0%1.9%2.7M-186.3M-1.1M0.369.9128,63410,367308,13181,512
2021-05-11$16.41$15.0059.4%16.9%56.2%4.4%60.5%-9.5%-0.9%3.5M-222.1M-1.1M0.225.9321,1834,706320,18486,531
2021-05-12$15.69$15.0060.3%17.9%56.5%5.0%63.5%-9.3%2.6%2.5M-182.0M-1.1M0.345.3615,3215,271325,09289,128
2021-05-13$15.39$15.0059.9%17.5%54.6%4.8%75.3%-8.8%1.4%1.6M-164.9M-1.1M0.6720.4517,50211,654328,88690,915
2021-05-14$16.04$15.0056.5%16.5%56.8%2.1%59.7%-8.7%1.4%2.7M-204.1M-1.1M0.475.2221,64210,150333,61087,718
2021-05-17$17.38$15.0064.5%18.5%62.3%8.3%66.6%-10.1%-0.3%4.0M-275.6M-1.2M0.304.7956,57617,133321,19783,667
2021-05-18$17.45$15.0061.3%17.6%62.2%5.8%64.7%-9.2%0.7%4.3M-282.9M-1.2M0.585.1417,29310,086331,76689,743
2021-05-19$17.23$15.0061.4%17.6%61.3%5.9%65.5%-10.6%3.0%4.2M-270.0M-1.2M0.256.7023,7625,896335,54191,518
2021-05-20$17.81$15.0060.0%17.2%61.3%4.8%59.7%-10.7%0.3%5.1M-306.2M-1.2M0.255.0435,7608,864336,78493,156
2021-05-21$17.45$15.0056.6%16.0%62.0%2.2%57.6%-7.6%2.8%5.2M-273.7M-1.2M0.405.8720,2908,034333,72396,407
2021-05-24$17.64$16.0053.2%14.9%61.7%0.0%54.5%-6.3%0.5%3.8M-261.0M-1.1M0.454.6416,3807,359298,51676,772
2021-05-25$17.84$16.0055.1%15.4%60.9%1.4%55.7%-7.4%0.7%3.9M-269.8M-1.1M0.526.0317,5909,177303,38781,514
2021-05-26$17.57$16.0053.4%14.7%61.3%0.2%54.2%-6.9%1.6%4.0M-258.8M-1.1M0.444.6614,0956,226309,45982,236
2021-05-27$17.56$16.0053.4%14.7%60.3%0.1%54.3%-7.6%-0.2%4.3M-259.4M-1.1M0.474.4512,1245,752314,06983,696
2021-05-28$17.70$16.0053.7%14.7%58.8%0.4%56.4%-7.1%2.9%3.9M-266.3M-1.1M0.403.5117,5627,101316,73787,031