AG Options History — May 2023

In May 2023, AG traded between $5.69 and $7.06. ATM implied volatility averaged 49.7%, placing in the 8.1% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded above realized volatility by 21.4% (HV 20d: 28.3%). Max pain ranged from $7.00 to $7.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.49.

Notable Days

  • 2023-05-26: Highest Volume — 18,162 contracts
  • 2023-05-05: Largest IV drop — 10.3% change
  • 2023-05-02: Highest IV Rank — 27.3%
  • 2023-05-03: Largest Expected Move — 18.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.38$5.69$7.06$6.94$5.76
Max Pain$7.00$7.00$7.00$7.00$7.00
ATM IV49.7%45.6%58.2%55.5%48.1%
Expected Move14.6%13.0%18.1%17.0%14.0%
HV 20d28.3%26.7%32.2%31.5%27.3%
HV 60d74.0%69.9%76.2%75.6%70.0%
IV Rank8.1%0.0%27.3%20.3%8.3%
IV Percentile8.0%0.0%42.5%25.0%3.6%
Term Structure0.5%-2.0%3.3%-0.1%-0.3%
VWIV51.8%46.8%63.2%60.1%49.5%
Skew 25d1.1%-0.9%3.9%1.2%-0.1%
Skew 10d-0.5%-8.5%5.1%0.3%-2.9%
Call IV 25d50.8%46.7%58.5%55.6%48.8%
Put IV 25d51.9%47.4%60.2%56.8%48.7%
Bid-Ask Spread %2.651.604.133.912.89
Gamma HHI0.140.120.160.130.12
Net GEX409.4K174.2K652.0K558.3K226.9K
Net DEX-11.2M-28.1M-218.6K-22.0M-2.2M
Net VEX-300.5K-369.5K-257.8K-335.1K-281.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.490.114.640.230.28
Total Volume8,535.4554,32718,1628,1835,703
Total OI251,878.273237,300267,064237,300267,064

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$6.94$7.0055.5%17.0%31.5%20.3%60.1%1.2%-0.1%558.3K-22.0M-335.1K0.233.916,6651,518174,52462,776
2023-05-02$7.06$7.0058.2%17.8%32.2%27.3%61.9%1.7%-2.0%652.0K-28.1M-369.5K0.113.4111,8641,329178,53663,831
2023-05-03$6.89$7.0056.6%18.1%28.2%23.2%63.2%2.5%-1.5%563.1K-19.8M-325.4K0.264.134,3201,142176,31764,611
2023-05-04$6.99$7.0055.3%15.7%28.4%19.8%55.7%-0.4%0.1%638.3K-23.0M-332.1K0.313.5613,2854,122178,68965,195
2023-05-05$6.84$7.0049.6%14.5%29.1%5.0%51.1%2.4%0.9%532.3K-18.0M-332.3K0.203.4712,4522,548184,53567,984
2023-05-08$6.84$7.0049.9%14.3%28.3%5.7%50.3%0.0%-0.2%567.5K-18.9M-327.7K0.172.765,221870183,73066,396
2023-05-09$6.83$7.0048.8%14.5%28.3%2.9%50.9%0.7%1.8%592.3K-18.6M-328.3K0.112.014,411477186,25466,853
2023-05-10$6.75$7.0049.3%14.1%27.3%4.1%50.0%2.4%0.2%565.1K-16.5M-321.3K0.232.615,1691,164188,77567,172
2023-05-11$6.38$7.0048.3%14.6%31.3%1.5%50.1%1.8%3.3%391.3K-8.8M-302.0K0.211.609,9592,140190,76667,496
2023-05-12$6.33$7.0048.1%14.2%26.9%1.0%52.6%1.8%2.4%374.6K-7.9M-295.0K0.202.156,6361,329192,05867,858
2023-05-15$6.42$7.0049.0%14.1%27.9%3.4%51.6%-0.9%0.7%412.8K-10.6M-300.1K0.302.433,329998186,65666,789
2023-05-16$6.28$7.0048.9%14.1%28.4%4.3%49.9%0.5%-0.2%379.4K-7.5M-292.3K0.322.034,9491,584188,03467,359
2023-05-17$6.26$7.0047.3%13.6%27.9%0.0%48.6%0.4%0.3%383.5K-7.4M-291.6K0.331.913,7701,231189,76767,920
2023-05-18$6.16$7.0045.6%13.0%26.7%0.0%46.8%1.9%2.4%347.4K-6.0M-284.5K0.602.074,1622,509189,21166,032
2023-05-19$6.19$7.0046.8%13.4%27.1%3.9%47.3%2.0%0.3%324.3K-7.3M-285.7K0.241.855,0031,208191,05966,149
2023-05-22$6.13$7.0045.8%13.4%27.1%0.5%49.0%0.8%1.5%325.4K-7.4M-276.4K0.222.735,6541,218178,71862,040
2023-05-23$6.13$7.0047.2%13.4%27.2%5.3%48.0%-0.1%0.5%307.3K-6.4M-270.1K1.112.634,2104,693180,03862,656
2023-05-24$5.96$7.0048.9%14.1%28.2%10.8%51.9%0.3%0.5%246.6K-3.7M-266.9K0.372.705,7462,143181,67166,718
2023-05-25$5.79$7.0048.3%14.1%28.5%8.8%49.8%3.9%1.4%214.9K-2.3M-257.8K0.182.897,4971,385184,08664,772
2023-05-26$5.76$7.0047.6%13.9%28.1%6.7%48.5%1.0%-0.3%229.3K-2.9M-267.3K4.642.043,22014,942185,75569,862
2023-05-30$5.69$7.0050.2%15.0%27.9%15.2%51.9%1.4%-1.4%174.2K-218.6K-267.7K0.222.604,9221,083182,58482,026
2023-05-31$5.76$7.0048.1%14.0%27.3%8.3%49.5%-0.1%-0.3%226.9K-2.2M-281.0K0.282.894,4521,251185,11481,950