AG Options History — February 2023

In February 2023, AG traded between $5.94 and $8.18. ATM implied volatility averaged 50.6%, placing in the 4.6% IV rank vs the trailing year. The 30-day expected move averaged 14.5%. IV traded above realized volatility by 13.6% (HV 20d: 37.0%). Max pain ranged from $7.00 to $8.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.40.

Notable Days

2023-02-24: Highest Volume — 38,960 contracts
2023-02-13: Largest IV spike — 4.4% change
2023-02-16: Highest IV Rank — 9.3%
2023-02-21: Largest Expected Move — 15.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.17	$5.94	$8.18	$8.18	$6.08
Max Pain	$7.89	$7.00	$8.00	$8.00	$7.00
ATM IV	50.6%	48.8%	52.3%	49.3%	49.8%
Expected Move	14.5%	13.6%	15.2%	13.6%	14.2%
HV 20d	37.0%	27.2%	54.2%	40.2%	54.2%
HV 60d	45.6%	42.4%	52.6%	52.6%	46.9%
IV Rank	4.6%	0.0%	9.3%	0.0%	2.6%
IV Percentile	4.6%	0.0%	9.5%	0.0%	2.4%
Term Structure	-0.4%	-2.5%	1.3%	-0.6%	-2.5%
VWIV	51.4%	47.7%	54.0%	47.7%	50.3%
Skew 25d	2.4%	0.3%	4.4%	2.3%	2.9%
Skew 10d	4.8%	1.4%	9.1%	6.4%	7.1%
Call IV 25d	51.1%	48.7%	53.5%	49.5%	50.3%
Put IV 25d	53.5%	51.8%	55.5%	51.8%	53.2%
Bid-Ask Spread %	3.92	1.87	12.83	3.67	3.20
Gamma HHI	0.17	0.12	0.21	0.18	0.13
Net GEX	398.4K	87.4K	733.5K	733.5K	277.6K
Net DEX	-6.5M	-20.7M	6.4M	-20.7M	-1.6M
Net VEX	-247.1K	-274.7K	-189.2K	-274.7K	-231.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.40	0.10	1.44	0.10	0.31
Total Volume	12,252.316	5,925	38,960	12,399	10,405
Total OI	206,288.684	188,617	222,115	189,978	222,115

Daily Data (19 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
2023-02-01	$8.18	$8.00	49.3%	13.6%	40.2%	0.0%	47.7%	2.3%	-0.6%	733.5K	-20.7M	-274.7K	0.10	3.67	11,234	1,165	142,062	47,916
2023-02-02	$8.02	$8.00	48.8%	14.2%	35.7%	0.0%	50.3%	3.5%	-1.2%	603.6K	-16.5M	-267.2K	0.26	2.90	8,198	2,168	144,534	48,285
2023-02-03	$7.69	$8.00	50.3%	14.1%	37.7%	4.0%	49.9%	0.9%	0.3%	438.1K	-9.9M	-252.1K	0.33	3.49	10,927	3,654	147,536	48,183
2023-02-06	$7.64	$8.00	50.8%	14.2%	35.2%	5.3%	50.3%	2.0%	-1.9%	408.1K	-10.3M	-247.3K	0.19	3.47	8,328	1,621	142,721	45,896
2023-02-07	$7.59	$8.00	50.3%	14.1%	34.9%	4.0%	50.7%	1.9%	-1.0%	421.3K	-9.4M	-242.5K	1.44	4.28	7,522	10,812	148,759	46,503
2023-02-08	$7.58	$8.00	50.3%	14.4%	33.7%	4.0%	51.0%	2.1%	0.5%	403.7K	-9.5M	-266.3K	0.42	2.57	4,439	1,857	152,469	52,877
2023-02-09	$7.38	$8.00	50.2%	14.6%	34.1%	3.7%	51.4%	2.2%	1.2%	347.9K	-6.0M	-258.0K	0.37	12.83	5,589	2,055	154,726	52,973
2023-02-10	$7.30	$8.00	49.9%	14.4%	33.2%	2.8%	50.4%	2.4%	0.6%	406.5K	-4.8M	-253.6K	0.64	12.72	5,310	3,390	157,164	53,562
2023-02-13	$7.25	$8.00	52.0%	14.9%	33.2%	8.6%	52.5%	2.6%	-0.2%	401.0K	-5.4M	-252.5K	0.29	2.23	6,492	1,854	155,038	52,385
2023-02-14	$7.29	$8.00	50.4%	14.5%	32.6%	4.1%	51.5%	3.8%	-0.2%	448.3K	-6.1M	-256.0K	0.52	2.96	3,892	2,033	158,884	53,414
2023-02-15	$7.11	$8.00	51.5%	14.8%	33.2%	7.1%	52.9%	3.7%	-0.2%	444.5K	-3.1M	-244.7K	0.46	3.21	6,929	3,186	160,940	53,545
2023-02-16	$7.21	$8.00	52.3%	15.1%	33.2%	9.3%	53.3%	1.2%	-1.6%	474.3K	-6.1M	-251.0K	0.37	2.36	5,362	1,997	163,336	54,276
2023-02-17	$7.16	$8.00	51.4%	14.9%	33.0%	7.0%	51.4%	4.4%	-1.3%	380.7K	-6.7M	-258.0K	0.24	2.37	7,279	1,770	166,096	54,696
2023-02-21	$7.00	$8.00	51.8%	15.2%	33.1%	8.1%	54.0%	2.4%	0.1%	334.3K	-5.9M	-246.3K	0.41	2.56	8,199	3,395	150,149	49,512
2023-02-22	$6.96	$8.00	51.8%	15.0%	31.9%	8.0%	53.4%	3.3%	-1.4%	326.8K	-4.5M	-239.3K	0.33	2.82	5,945	1,988	152,480	50,712
2023-02-23	$6.81	$8.00	49.5%	14.6%	27.2%	2.0%	51.6%	2.8%	-0.2%	388.8K	-3.6M	-236.1K	0.26	2.28	19,640	5,022	156,753	50,753
2023-02-24	$5.94	$8.00	49.8%	14.5%	52.6%	2.6%	51.6%	0.3%	0.5%	87.4K	6.4M	-189.2K	0.40	2.77	27,857	11,103	155,475	53,429
2023-02-27	$6.06	$7.00	50.3%	14.7%	53.9%	4.1%	52.0%	1.5%	1.3%	243.3K	-440.1K	-228.8K	0.19	1.87	8,520	1,657	165,324	54,007
2023-02-28	$6.08	$7.00	49.8%	14.2%	54.2%	2.6%	50.3%	2.9%	-2.5%	277.6K	-1.6M	-231.2K	0.31	3.20	7,930	2,475	168,481	53,634