AG Options History — January 2023

In January 2023, AG traded between $7.87 and $8.93. ATM implied volatility averaged 52.0%, placing in the 4.9% IV rank vs the trailing year. The 30-day expected move averaged 14.7%. IV traded above realized volatility by 10.0% (HV 20d: 41.9%). Max pain ranged from $7.00 to $9.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.36.

Notable Days

  • 2023-01-20: Highest Volume — 24,125 contracts
  • 2023-01-12: Largest IV drop — 6.7% change
  • 2023-01-03: Highest IV Rank — 14.4%
  • 2023-01-05: Largest Expected Move — 16.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.41$7.87$8.93$8.41$7.87
Max Pain$8.05$7.00$9.00$9.00$8.00
ATM IV52.0%49.5%56.1%56.1%50.3%
Expected Move14.7%13.8%16.0%15.6%14.3%
HV 20d41.9%35.0%47.5%47.5%37.6%
HV 60d55.9%52.0%60.6%60.6%52.0%
IV Rank4.9%0.0%14.4%14.4%2.2%
IV Percentile4.3%0.0%17.1%17.1%1.6%
Term Structure-0.3%-1.6%1.9%0.9%-1.1%
VWIV52.6%49.1%58.8%56.6%51.4%
Skew 25d2.2%0.2%4.0%1.8%1.5%
Skew 10d3.6%-3.7%11.5%-0.2%3.5%
Call IV 25d52.9%49.9%58.0%58.0%51.2%
Put IV 25d55.0%51.0%60.3%59.7%52.7%
Bid-Ask Spread %3.072.344.962.344.96
Gamma HHI0.210.140.350.170.16
Net GEX781.3K170.0K1.5M819.8K495.9K
Net DEX-20.6M-31.7M-12.0M-19.2M-12.9M
Net VEX-273.8K-295.7K-251.9K-275.5K-256.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.360.190.710.600.39
Total Volume13,696.15,83024,12520,7395,830
Total OI265,659.15167,892323,924294,184187,614

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-01-03$8.41$9.0056.1%15.6%47.5%14.4%56.6%1.8%0.9%819.8K-19.2M-275.5K0.602.3412,9337,806229,57964,605
2023-01-04$8.84$9.0055.9%15.1%46.9%12.6%54.1%0.8%-1.6%1.1M-29.5M-293.7K0.242.5813,4403,292234,77666,827
2023-01-05$8.66$7.0056.1%16.0%47.2%13.1%56.7%4.0%-0.5%954.6K-23.5M-284.4K0.713.255,5233,902236,23668,136
2023-01-06$8.93$8.0053.8%15.5%45.3%6.3%54.8%1.3%0.5%1.5M-31.7M-295.6K0.313.4416,1984,947237,67168,675
2023-01-09$8.75$8.0054.4%15.6%45.0%8.1%58.8%1.3%-0.0%977.5K-25.1M-287.1K0.243.3513,9173,384236,36068,524
2023-01-10$8.91$8.0052.9%15.3%45.3%3.7%55.7%1.4%0.1%1.1M-29.5M-295.7K0.374.204,8981,801241,32470,179
2023-01-11$8.75$8.0053.8%15.1%45.5%6.3%53.4%2.4%-1.6%1.0M-25.3M-288.6K0.602.855,6413,398243,07070,845
2023-01-12$8.86$8.0050.1%14.4%45.3%0.0%50.9%3.9%0.1%1.3M-28.2M-287.3K0.302.9311,0293,288245,42671,448
2023-01-13$8.79$8.0049.5%14.2%45.3%0.0%51.0%0.2%0.2%901.4K-25.3M-282.4K0.222.7011,3982,490248,17472,021
2023-01-17$8.52$8.0050.2%14.4%42.7%2.1%51.8%3.2%1.9%748.3K-19.3M-260.1K0.472.698,5624,015242,02668,963
2023-01-18$8.41$8.0050.5%14.5%42.7%2.8%49.1%2.9%-1.6%567.4K-17.0M-258.7K0.382.687,0932,718244,10969,635
2023-01-19$8.18$8.0050.7%14.5%40.8%3.3%51.9%2.3%0.4%468.5K-12.0M-251.9K0.213.2717,3953,587245,26970,425
2023-01-20$8.05$8.0050.9%14.4%35.0%3.8%51.2%3.1%1.5%815.0K-12.7M-257.2K0.252.8419,2434,882253,05470,870
2023-01-23$7.88$8.0051.6%14.0%35.5%5.8%50.6%2.5%-0.3%405.1K-13.3M-254.2K0.363.0114,3935,201125,58242,310
2023-01-24$8.02$8.0050.6%14.2%36.4%3.0%51.1%3.2%-0.3%444.0K-16.1M-267.4K0.332.717,8512,580132,79446,159
2023-01-25$8.34$8.0050.5%14.0%39.4%2.9%51.0%2.5%-1.3%635.2K-23.4M-286.1K0.192.769,7061,857135,82647,418
2023-01-26$8.21$8.0051.1%14.3%38.9%4.4%50.5%2.2%-1.2%592.9K-20.0M-273.4K0.263.226,2251,622137,84747,722
2023-01-27$7.99$8.0049.6%13.8%37.9%0.4%49.2%1.8%-0.4%170.0K-15.1M-265.3K0.343.199,9523,432140,11048,467
2023-01-30$7.92$8.0050.5%14.6%37.9%2.7%52.3%1.0%-0.8%482.8K-13.9M-255.5K0.412.346,0062,487136,77146,336
2023-01-31$7.87$8.0050.3%14.3%37.6%2.2%51.4%1.5%-1.1%495.9K-12.9M-256.4K0.394.964,1941,636139,99247,622