AG Options History — December 2021

In December 2021, AG traded between $10.34 and $11.54. ATM implied volatility averaged 55.3%, placing in the 5.0% IV rank vs the trailing year. The 30-day expected move averaged 15.9%. IV traded above realized volatility by 13.9% (HV 20d: 41.3%). Max pain ranged from $11.00 to $12.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.38.

Notable Days

  • 2021-12-02: Highest Volume — 25,897 contracts
  • 2021-12-07: Largest IV drop — 9.6% change
  • 2021-12-03: Highest IV Rank — 11.9%
  • 2021-12-03: Largest Expected Move — 19.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.01$10.34$11.54$11.28$11.16
Max Pain$11.16$11.00$12.50$12.50$11.00
ATM IV55.3%51.0%64.6%63.8%51.0%
Expected Move15.9%13.8%19.6%19.0%14.4%
HV 20d41.3%36.9%45.2%42.5%41.7%
HV 60d39.4%38.1%40.7%39.7%40.2%
IV Rank5.0%1.9%11.9%11.4%1.9%
IV Percentile36.9%7.5%82.5%81.0%7.5%
Term Structure-0.2%-1.9%1.4%-0.5%1.4%
VWIV59.3%50.2%76.0%76.0%52.1%
Skew 25d-3.4%-7.8%-0.4%-5.1%-1.5%
Skew 10d-9.2%-26.7%-0.1%-14.6%-4.0%
Call IV 25d60.1%53.4%72.5%70.1%54.9%
Put IV 25d56.6%52.0%66.2%65.0%53.3%
Bid-Ask Spread %4.202.4712.904.4110.54
Gamma HHI0.160.090.370.090.18
Net GEX1.6M1.1M4.4M1.5M1.5M
Net DEX-38.6M-59.8M-17.2M-54.3M-41.3M
Net VEX-501.1K-626.6K-429.4K-626.6K-457.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.210.870.320.35
Total Volume17,015.36411,05425,89724,28914,019
Total OI378,962.364361,937398,129376,992373,817

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-12-01$11.28$12.5063.8%19.0%42.5%11.4%76.0%-5.1%-0.5%1.5M-54.3M-626.6K0.324.4118,3455,944296,29480,698
2021-12-02$11.07$12.0063.9%19.6%42.5%11.5%72.9%-6.8%-1.9%1.3M-39.2M-563.3K0.474.8617,6128,285300,50481,029
2021-12-03$10.82$12.0064.6%19.6%42.9%11.9%72.5%-6.3%-0.4%1.3M-35.0M-550.1K0.303.8019,4405,844307,67481,240
2021-12-06$11.01$11.0061.3%17.4%36.9%9.5%66.0%-4.0%-0.9%1.6M-45.1M-568.7K0.303.5512,7513,825298,89377,263
2021-12-07$11.33$11.0055.5%15.9%37.3%5.1%60.0%-4.9%0.9%1.8M-47.6M-541.1K0.403.3911,8554,705304,09578,241
2021-12-08$11.43$11.0053.1%15.6%37.7%3.4%60.0%-2.4%0.1%2.0M-50.7M-550.0K0.3312.9010,0033,308308,08979,020
2021-12-09$10.91$11.0053.3%15.5%39.1%3.6%59.3%-4.2%0.4%1.5M-31.5M-509.3K0.302.4713,3824,061310,50879,488
2021-12-10$10.71$11.0051.9%15.2%38.9%2.5%57.7%-4.8%-0.1%1.4M-24.7M-485.4K0.372.6510,8784,074313,86680,148
2021-12-13$10.65$11.0054.8%15.4%38.9%4.7%56.9%-3.7%-1.1%1.2M-25.6M-479.7K0.333.179,4863,109302,95778,841
2021-12-14$10.36$11.0055.0%15.7%39.0%4.8%61.2%-4.2%0.1%1.1M-18.6M-466.4K0.453.607,6503,404306,27179,566
2021-12-15$10.34$11.0057.1%16.2%39.0%6.4%60.0%-3.8%-1.5%1.1M-17.2M-449.0K0.523.7714,1677,332308,69780,356
2021-12-16$10.76$11.0056.0%15.8%42.8%5.6%58.8%-7.8%-1.2%1.6M-32.3M-485.1K0.333.2813,7744,558313,79680,418
2021-12-17$10.77$11.0055.2%15.6%42.7%4.9%59.7%-4.4%-1.1%1.7M-33.0M-491.4K0.313.0614,7854,537316,59081,539
2021-12-20$10.83$11.0056.6%16.2%42.7%6.0%59.5%-1.4%0.4%1.4M-33.9M-473.2K0.343.139,1593,120287,68174,256
2021-12-21$11.16$11.0053.2%15.2%44.2%3.5%56.8%-0.8%-0.4%1.7M-45.4M-494.4K0.303.2110,4133,080290,73975,630
2021-12-22$11.40$11.0051.8%14.8%45.0%2.4%54.2%-0.4%0.3%2.1M-52.2M-491.2K0.212.5010,3972,216295,03075,992
2021-12-23$11.54$11.0052.0%14.9%45.2%2.6%53.5%-0.5%-0.4%4.4M-59.8M-497.9K0.473.0414,1536,639298,24976,163
2021-12-27$11.46$11.0052.0%14.7%42.5%2.5%53.2%-2.5%0.7%1.8M-50.7M-484.0K0.462.5911,2115,124288,85274,341
2021-12-28$11.46$11.0051.2%14.4%40.7%2.0%51.9%-0.6%0.8%1.8M-48.5M-479.1K0.872.888,0566,999289,21276,361
2021-12-29$10.75$11.0051.3%13.8%45.0%2.0%50.2%-3.1%0.7%1.2M-26.5M-429.4K0.442.9110,4984,666289,86875,747
2021-12-30$11.05$11.0051.2%14.4%42.1%2.0%51.3%-2.1%0.2%1.4M-36.0M-451.4K0.226.5914,3463,128292,37176,782
2021-12-31$11.16$11.0051.0%14.4%41.7%1.9%52.1%-1.5%1.4%1.5M-41.3M-457.4K0.3510.5410,3713,648296,54377,274