AG Options History — March 2022

In March 2022, AG traded between $11.84 and $14.00. ATM implied volatility averaged 62.9%, placing in the 49.9% IV rank vs the trailing year. The 30-day expected move averaged 19.0%. IV traded above realized volatility by 11.0% (HV 20d: 51.8%). Max pain ranged from $11.00 to $13.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 0.32.

Notable Days

2022-03-08: Highest Volume — 73,389 contracts
2022-03-07: Largest IV spike — 10.4% change
2022-03-08: Highest IV Rank — 100.0%
2022-03-07: Largest Expected Move — 24.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.22	$11.84	$14.00	$12.17	$13.25
Max Pain	$12.16	$11.00	$13.00	$11.50	$13.00
ATM IV	62.9%	52.9%	77.0%	67.9%	52.9%
Expected Move	19.0%	16.0%	24.3%	20.4%	16.0%
HV 20d	51.8%	45.3%	55.0%	52.1%	45.3%
HV 60d	57.7%	56.3%	59.0%	56.6%	57.5%
IV Rank	49.9%	15.1%	100.0%	64.7%	15.1%
IV Percentile	77.1%	29.8%	100.0%	95.2%	29.8%
Term Structure	0.0%	-2.9%	3.2%	-1.2%	3.2%
VWIV	69.1%	57.2%	95.0%	73.4%	57.2%
Skew 25d	-2.9%	-9.5%	0.5%	-1.6%	-1.9%
Skew 10d	-6.1%	-19.7%	3.3%	-3.1%	-4.5%
Call IV 25d	67.1%	55.2%	85.7%	70.8%	55.2%
Put IV 25d	64.2%	53.2%	77.7%	69.2%	53.2%
Bid-Ask Spread %	5.92	2.75	21.03	3.81	2.75
Gamma HHI	0.13	0.11	0.19	0.12	0.12
Net GEX	2.1M	1.6M	3.0M	1.7M	1.6M
Net DEX	-88.9M	-125.6M	-59.6M	-65.4M	-72.5M
Net VEX	-571.5K	-618.5K	-475.7K	-482.2K	-565.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.32	0.13	0.58	0.17	0.22
Total Volume	27,809.217	14,746	73,389	36,991	16,166
Total OI	254,692.957	224,079	278,812	224,079	269,192

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
2022-03-01	$12.17	$11.50	67.9%	20.4%	52.1%	64.7%	73.4%	-1.6%	-1.2%	1.7M	-65.4M	-482.2K	0.17	3.81	31,740	5,251	175,260	48,819
2022-03-02	$12.05	$11.50	65.0%	19.1%	52.4%	55.0%	68.7%	0.5%	-1.4%	1.8M	-61.4M	-475.7K	0.35	4.09	11,044	3,833	181,764	49,686
2022-03-03	$11.84	$11.50	66.4%	20.1%	52.4%	59.8%	72.0%	-1.6%	-0.5%	1.8M	-59.6M	-488.6K	0.30	4.19	12,683	3,843	189,019	50,285
2022-03-04	$12.31	$11.50	69.1%	21.7%	51.7%	71.4%	77.3%	-3.5%	-1.0%	2.2M	-79.2M	-527.8K	0.13	8.46	34,009	4,401	192,013	50,874
2022-03-07	$12.54	$11.50	76.2%	24.3%	51.7%	99.5%	87.3%	-5.1%	-2.9%	1.8M	-80.7M	-543.8K	0.33	4.19	33,503	11,061	189,043	48,258
2022-03-08	$13.02	$12.00	77.0%	24.3%	49.0%	100.0%	95.0%	-9.5%	-2.3%	2.1M	-99.1M	-593.1K	0.21	5.48	60,662	12,727	198,653	53,549
2022-03-09	$12.73	$12.00	71.7%	22.3%	50.1%	81.3%	81.6%	-5.3%	-2.2%	2.2M	-85.7M	-574.9K	0.45	3.65	23,772	10,690	207,660	56,363
2022-03-10	$13.70	$12.00	69.1%	21.1%	55.0%	72.3%	75.6%	-7.8%	0.7%	3.0M	-125.6M	-618.5K	0.22	4.56	31,465	7,047	214,807	58,425
2022-03-11	$13.38	$12.00	67.6%	19.9%	55.0%	66.9%	72.4%	-6.4%	-2.5%	2.9M	-110.7M	-607.2K	0.24	3.44	27,493	6,577	218,882	59,930
2022-03-14	$12.87	$11.00	69.4%	19.1%	54.1%	73.3%	68.7%	-2.0%	-0.7%	1.9M	-81.8M	-573.7K	0.40	8.21	13,910	5,577	201,102	54,814
2022-03-15	$13.27	$11.00	67.3%	18.9%	54.7%	65.8%	68.4%	-4.0%	1.1%	2.2M	-94.7M	-586.8K	0.35	4.89	15,949	5,628	203,199	56,274
2022-03-16	$13.50	$11.00	62.1%	18.2%	54.8%	47.7%	66.1%	-2.9%	1.0%	2.4M	-100.8M	-585.9K	0.43	6.98	10,340	4,406	205,683	57,123
2022-03-17	$13.97	$0.00	61.2%	18.0%	54.7%	44.5%	65.7%	-1.0%	0.3%	3.0M	-116.7M	-599.0K	0.20	16.87	36,411	7,134	207,942	58,340
2022-03-18	$13.80	$13.00	57.6%	17.9%	55.0%	31.7%	63.8%	-1.0%	0.1%	2.7M	-101.2M	-597.0K	0.27	21.03	19,944	5,432	206,015	60,415
2022-03-21	$14.00	$13.00	57.6%	17.6%	52.5%	31.9%	63.6%	-2.9%	1.6%	2.0M	-97.8M	-601.9K	0.32	4.03	16,292	5,147	186,171	51,950
2022-03-22	$13.80	$12.00	55.3%	16.8%	52.1%	23.6%	60.8%	0.0%	0.1%	2.0M	-91.9M	-588.7K	0.45	3.00	11,722	5,292	192,671	53,735
2022-03-23	$13.94	$13.00	54.8%	16.7%	52.1%	21.7%	63.3%	-2.9%	0.1%	2.2M	-97.2M	-594.8K	0.58	3.80	10,949	6,339	195,631	55,942
2022-03-24	$13.91	$13.00	56.7%	16.9%	50.8%	28.6%	62.2%	-3.0%	0.2%	2.2M	-96.3M	-601.7K	0.25	3.54	18,808	4,652	198,199	59,229
2022-03-25	$13.83	$13.00	55.9%	17.0%	50.9%	25.8%	60.7%	-0.9%	0.9%	2.0M	-91.4M	-595.7K	0.29	3.61	20,253	5,870	202,456	60,783
2022-03-28	$13.29	$13.00	56.4%	17.0%	53.6%	27.4%	62.3%	-1.1%	2.3%	1.6M	-76.5M	-578.9K	0.36	3.55	12,619	4,590	194,535	57,537
2022-03-29	$13.40	$13.00	55.0%	16.5%	46.0%	22.7%	62.0%	-1.5%	2.5%	1.7M	-79.4M	-585.5K	0.45	3.22	13,503	6,104	199,689	59,750
2022-03-30	$13.38	$13.00	53.7%	16.2%	45.7%	18.2%	60.5%	-1.2%	1.8%	1.8M	-78.4M	-577.9K	0.39	8.73	17,823	6,951	203,853	62,418
2022-03-31	$13.25	$13.00	52.9%	16.0%	45.3%	15.1%	57.2%	-1.9%	3.2%	1.6M	-72.5M	-565.0K	0.22	2.75	13,203	2,963	204,609	64,583