AG Options History — April 2023

In April 2023, AG traded between $7.00 and $7.79. ATM implied volatility averaged 57.5%, placing in the 25.5% IV rank vs the trailing year. The 30-day expected move averaged 16.4%. IV traded below realized volatility by 21.8% (HV 20d: 79.3%). Max pain ranged from $7.00 to $7.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.28.

Notable Days

  • 2023-04-04: Highest Volume — 22,448 contracts
  • 2023-04-10: Largest IV spike — 7.8% change
  • 2023-04-10: Highest IV Rank — 35.5%
  • 2023-04-26: Largest Expected Move — 17.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.32$7.00$7.79$7.28$7.08
Max Pain$7.00$7.00$7.00$7.00$7.00
ATM IV57.5%55.5%61.3%55.6%56.8%
Expected Move16.4%15.1%17.3%15.1%16.8%
HV 20d79.3%31.0%114.4%114.4%31.0%
HV 60d76.3%75.6%76.9%76.1%75.6%
IV Rank25.5%20.2%35.5%20.5%23.6%
IV Percentile36.8%24.2%56.0%27.8%34.1%
Term Structure-0.9%-2.5%1.5%0.7%-1.5%
VWIV58.6%55.0%62.7%55.0%59.5%
Skew 25d1.0%-1.3%4.2%3.1%-0.2%
Skew 10d-0.9%-8.6%6.2%1.5%-3.5%
Call IV 25d59.0%55.9%63.1%55.9%57.3%
Put IV 25d60.0%56.8%64.5%59.0%57.0%
Bid-Ask Spread %3.342.294.193.513.95
Gamma HHI0.160.120.210.150.13
Net GEX934.1K602.1K1.4M948.9K602.1K
Net DEX-34.0M-49.4M-23.8M-33.6M-25.3M
Net VEX-356.9K-379.5K-339.1K-350.4K-346.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.280.110.730.210.22
Total Volume11,015.2635,86922,44814,4116,131
Total OI271,345234,438300,008267,971244,588

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-04-03$7.28$7.0055.6%15.1%114.4%20.5%55.0%3.1%0.7%948.9K-33.6M-350.4K0.213.5111,8892,522207,96560,006
2023-04-04$7.61$7.0057.3%15.5%113.1%25.0%57.0%-1.3%-0.1%1.2M-43.5M-363.4K0.142.8519,6712,777209,23960,638
2023-04-05$7.46$7.0058.1%15.8%112.6%27.1%56.0%-0.5%-0.9%1.2M-40.1M-366.5K0.232.2911,1762,590215,53261,674
2023-04-06$7.44$7.0056.9%16.9%112.7%23.9%59.4%-1.3%0.5%1.3M-38.8M-364.8K0.223.668,1301,826217,49262,765
2023-04-10$7.55$7.0061.3%16.9%112.7%35.5%62.7%1.4%-2.5%1.1M-40.6M-368.3K0.173.299,3771,593212,94160,734
2023-04-11$7.55$7.0058.5%16.6%106.2%28.2%59.7%-0.8%-0.4%1.1M-42.1M-370.1K0.133.859,8751,323215,65661,538
2023-04-12$7.67$7.0059.6%16.5%106.1%31.1%60.3%-0.1%-2.3%1.2M-44.4M-372.9K0.273.147,1321,926219,59862,196
2023-04-13$7.79$7.0057.7%16.5%105.9%26.0%58.6%-0.8%0.3%1.4M-49.4M-379.5K0.193.5113,7752,597221,13362,623
2023-04-14$7.39$7.0058.1%16.9%107.9%26.9%58.5%0.2%1.5%970.1K-35.6M-362.6K0.363.0514,5945,215222,61563,639
2023-04-17$7.29$7.0058.1%16.5%106.1%27.0%59.0%2.8%-0.4%874.2K-31.6M-349.9K0.213.067,8771,639219,99464,639
2023-04-18$7.25$7.0056.9%16.2%106.0%23.9%60.7%2.1%-1.0%873.0K-30.2M-347.2K0.293.677,2252,115221,40465,500
2023-04-19$7.09$7.0055.9%16.0%48.2%21.3%56.2%1.6%-1.3%868.6K-27.3M-339.1K0.474.197,0033,300224,28265,843
2023-04-20$7.21$7.0055.5%16.0%38.7%20.4%56.1%2.4%-1.2%909.6K-32.8M-362.1K0.732.704,9963,628228,04767,651
2023-04-21$7.16$7.0055.7%16.1%38.3%20.9%56.0%4.2%-1.0%638.1K-29.6M-348.4K0.332.856,7822,227229,71870,290
2023-04-24$7.12$7.0055.5%16.3%38.4%20.2%57.2%0.9%-1.6%647.9K-26.6M-349.8K0.262.575,9171,518173,50560,933
2023-04-25$7.04$7.0056.9%16.9%38.3%23.9%59.7%2.6%-1.6%620.8K-25.8M-351.0K0.403.405,8902,353175,58862,083
2023-04-26$7.00$7.0059.4%17.3%35.3%30.5%60.8%1.1%-1.3%613.2K-23.8M-339.1K0.113.965,272597177,44263,402
2023-04-27$7.05$7.0058.7%17.0%35.1%28.7%61.7%2.0%-2.2%638.5K-25.7M-350.2K0.353.875,0631,769178,94863,714
2023-04-28$7.08$7.0056.8%16.8%31.0%23.6%59.5%-0.2%-1.5%602.1K-25.3M-346.0K0.223.955,0311,100180,13064,458