AG Options History — July 2023

In July 2023, AG traded between $5.51 and $7.01. ATM implied volatility averaged 48.0%, placing in the 18.8% IV rank vs the trailing year. The 30-day expected move averaged 14.0%. IV traded above realized volatility by 8.1% (HV 20d: 39.9%). Max pain ranged from $6.00 to $6.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.28.

Notable Days

  • 2023-07-18: Highest Volume — 30,883 contracts
  • 2023-07-05: Largest IV spike — 6.5% change
  • 2023-07-17: Highest IV Rank — 26.5%
  • 2023-07-31: Largest Expected Move — 14.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.37$5.51$7.01$5.79$6.70
Max Pain$6.00$6.00$6.00$6.00$6.00
ATM IV48.0%43.5%50.6%43.5%48.9%
Expected Move14.0%11.6%14.9%11.6%14.9%
HV 20d39.9%26.4%52.5%26.4%52.5%
HV 60d33.9%28.8%39.2%28.8%39.2%
IV Rank18.8%5.9%26.5%5.9%21.4%
IV Percentile15.9%6.0%30.2%6.0%19.4%
Term Structure-0.1%-2.4%1.9%1.9%-0.9%
VWIV50.0%41.0%53.7%41.0%53.7%
Skew 25d-0.0%-2.7%2.2%1.7%-2.4%
Skew 10d-0.2%-6.3%9.5%-0.4%-5.2%
Call IV 25d49.9%45.4%52.9%45.4%52.0%
Put IV 25d49.9%47.0%52.3%47.0%49.6%
Bid-Ask Spread %2.521.823.412.552.53
Gamma HHI0.200.130.400.140.18
Net GEX686.9K297.1K1.4M370.0K680.1K
Net DEX-23.1M-40.9M-7.8M-12.3M-23.2M
Net VEX-362.7K-425.1K-287.2K-300.4K-399.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.280.111.340.140.20
Total Volume11,222.154,36430,8835,5459,954
Total OI295,439.75270,416316,083270,416298,355

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-07-03$5.79$6.0043.5%11.6%26.4%5.9%41.0%1.7%1.9%370.0K-12.3M-300.4K0.142.554,844701192,19478,222
2023-07-05$5.71$6.0046.4%12.4%26.8%14.1%43.2%0.1%0.3%368.5K-12.3M-310.2K0.112.636,143687194,17278,491
2023-07-06$5.51$6.0046.5%14.1%29.4%14.4%49.1%0.5%1.8%297.1K-7.8M-287.2K0.122.525,742672198,12978,869
2023-07-07$5.62$6.0046.4%13.8%30.0%14.2%48.6%0.2%0.7%324.2K-11.3M-303.8K0.253.323,486878200,78579,352
2023-07-10$5.83$6.0046.9%13.9%32.2%15.6%49.2%0.5%1.2%385.0K-12.4M-294.2K0.142.1210,2121,413199,51778,302
2023-07-11$5.83$6.0047.2%14.1%31.3%16.6%50.7%2.2%1.5%430.8K-12.7M-297.2K0.181.873,712652206,23678,985
2023-07-12$6.33$6.0048.1%14.2%42.4%19.1%50.4%0.0%1.4%672.5K-25.5M-332.0K0.212.5516,1763,344207,21879,049
2023-07-13$6.49$6.0047.9%14.2%42.4%18.6%50.4%0.6%1.4%814.8K-30.2M-379.4K0.312.6511,3533,475210,35894,867
2023-07-14$6.54$6.0048.9%14.3%41.9%21.6%51.0%-0.7%1.7%1.1M-29.4M-370.3K0.443.4111,8325,263213,05497,117
2023-07-17$6.64$6.0050.6%14.5%41.9%26.5%51.2%-0.5%-2.4%884.6K-28.9M-371.8K0.382.466,5362,505210,80199,883
2023-07-18$6.92$6.0050.5%14.5%43.3%26.1%51.0%-1.4%-2.4%1.4M-36.8M-396.0K0.142.5527,1203,763212,922101,843
2023-07-19$7.01$6.0049.0%14.0%41.1%21.8%50.7%0.8%-0.8%1.2M-40.9M-425.1K0.122.9116,4672,029210,491104,549
2023-07-20$6.86$6.0049.1%14.1%42.0%22.2%52.6%-1.9%-1.2%989.1K-32.1M-397.7K0.332.455,6121,859208,371105,691
2023-07-21$6.81$6.0047.7%13.8%41.9%17.9%48.6%-0.1%-1.2%662.2K-31.4M-404.8K0.122.218,057934209,951106,132
2023-07-24$6.63$6.0047.7%14.0%44.1%17.9%53.0%-2.7%-0.6%651.4K-22.9M-378.3K0.451.825,3072,385185,752100,926
2023-07-25$6.72$6.0048.3%14.2%43.5%19.8%50.6%0.2%-0.7%774.3K-27.0M-407.3K1.342.303,4494,613187,950102,569
2023-07-26$6.75$6.0048.2%14.3%42.6%19.4%51.4%1.3%-0.6%777.7K-25.6M-398.2K0.112.726,651758189,835106,615
2023-07-27$6.30$6.0049.2%14.5%51.1%22.5%52.3%0.8%-1.7%534.0K-19.0M-405.2K0.182.4811,2262,056191,236106,983
2023-07-28$6.38$6.0048.6%14.5%51.1%20.8%52.2%-0.1%-0.6%521.4K-19.2M-395.1K0.252.3110,0552,522195,361107,662
2023-07-31$6.70$6.0048.9%14.9%52.5%21.4%53.7%-2.4%-0.9%680.1K-23.2M-399.6K0.202.538,2661,688190,273108,082