AG Options History — August 2023

In August 2023, AG traded between $5.80 and $6.42. ATM implied volatility averaged 45.3%, placing in the 11.0% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded below realized volatility by 3.3% (HV 20d: 48.6%). Max pain ranged from $6.00 to $6.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 0.34.

Notable Days

  • 2023-08-03: Highest Volume — 26,407 contracts
  • 2023-08-14: Largest IV spike — 8.7% change
  • 2023-08-02: Highest IV Rank — 25.3%
  • 2023-08-02: Largest Expected Move — 15.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.04$5.80$6.42$6.42$6.14
Max Pain$6.00$6.00$6.00$6.00$6.00
ATM IV45.3%42.0%50.2%48.7%42.6%
Expected Move13.0%11.6%15.5%14.9%11.6%
HV 20d48.6%33.9%57.5%55.0%33.9%
HV 60d41.4%40.0%42.4%40.0%41.6%
IV Rank11.0%1.3%25.3%20.9%3.0%
IV Percentile10.0%1.2%29.0%18.7%3.2%
Term Structure-0.1%-2.6%4.3%-1.5%0.7%
VWIV46.5%40.9%55.0%53.0%40.9%
Skew 25d-0.5%-4.5%1.4%0.6%-0.2%
Skew 10d-3.2%-14.7%5.4%-3.0%-3.3%
Call IV 25d47.7%43.3%53.4%50.2%44.4%
Put IV 25d47.3%43.0%52.3%50.7%44.1%
Bid-Ask Spread %3.302.074.213.013.68
Gamma HHI0.150.130.170.170.15
Net GEX398.3K266.9K545.2K545.2K472.3K
Net DEX-9.7M-18.2M-4.4M-18.2M-12.5M
Net VEX-383.9K-411.6K-360.6K-396.6K-384.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.082.140.180.08
Total Volume7,932.3483,59426,4077,0694,632
Total OI324,828.304301,267332,658301,267330,624

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-08-01$6.42$6.0048.7%14.9%55.0%20.9%53.0%0.6%-1.5%545.2K-18.2M-396.6K0.183.015,9841,085192,114109,153
2023-08-02$6.17$6.0050.2%15.5%56.9%25.3%55.0%0.3%-1.8%437.3K-12.2M-373.5K0.412.078,0343,299194,716109,519
2023-08-03$5.92$6.0047.1%13.7%57.5%16.2%49.4%-0.1%-1.0%312.0K-6.2M-360.6K2.143.488,42217,985196,470111,993
2023-08-04$6.05$6.0046.4%12.8%57.5%14.3%49.9%-1.3%-2.1%352.2K-9.0M-385.4K0.303.365,0221,485199,719124,268
2023-08-07$5.96$6.0046.1%13.3%56.5%13.4%46.5%-0.7%0.6%322.9K-7.0M-383.1K0.083.1811,170848197,473123,093
2023-08-08$6.00$6.0046.3%13.2%56.6%13.8%47.9%-0.0%-0.4%388.4K-10.1M-389.1K0.193.144,436847204,858123,654
2023-08-09$6.00$6.0046.3%13.2%47.8%13.8%45.9%-0.6%-0.5%389.2K-10.6M-387.0K0.133.336,354803207,243123,959
2023-08-10$6.06$6.0043.6%12.9%47.0%6.0%45.5%-0.6%1.7%364.4K-9.8M-387.4K0.152.235,739877205,228124,321
2023-08-11$6.34$6.0042.8%13.1%49.9%3.7%45.8%0.4%4.3%493.3K-17.5M-411.6K0.593.207,2514,269207,049124,482
2023-08-14$6.16$6.0046.5%13.6%50.4%14.5%48.1%1.0%-1.5%406.7K-11.7M-397.6K0.353.714,6931,636201,100126,453
2023-08-15$5.88$6.0048.6%14.0%49.6%20.6%49.7%-2.0%-2.6%276.4K-5.5M-376.9K0.292.964,6581,351201,997126,909
2023-08-16$5.80$6.0047.4%13.6%49.0%17.1%52.6%-4.5%-1.2%266.9K-4.4M-377.9K0.134.213,843481202,431127,195
2023-08-17$5.84$6.0046.8%13.5%49.1%15.3%47.4%1.3%-1.8%279.6K-4.6M-374.9K0.503.013,1711,572203,078127,221
2023-08-18$5.84$6.0046.3%13.4%49.2%13.9%47.6%-2.8%-0.9%306.4K-4.9M-374.5K0.333.704,0961,361205,024127,634
2023-08-21$5.89$6.0044.3%12.5%49.0%8.1%44.5%0.8%1.0%354.7K-7.9M-383.4K0.223.657,7341,690194,390125,177
2023-08-22$5.91$6.0043.4%12.3%48.6%5.4%43.3%1.0%0.8%372.2K-6.5M-374.1K0.113.463,234360197,705126,532
2023-08-23$6.04$6.0043.9%12.7%49.5%7.0%44.4%-1.2%0.4%441.3K-9.9M-385.8K0.104.158,951921198,323126,807
2023-08-24$6.00$6.0043.7%12.6%43.5%6.5%44.4%-2.0%0.5%445.6K-8.6M-380.2K0.523.403,5841,881201,508127,100
2023-08-25$5.95$6.0042.0%11.8%43.2%1.3%42.0%-1.0%0.9%413.0K-6.6M-376.0K0.282.755,6921,613202,698127,735
2023-08-28$6.16$6.0043.7%12.2%41.1%6.2%42.6%0.3%-0.3%453.9K-11.4M-384.4K0.323.104,5561,446198,987126,451
2023-08-29$6.29$6.0042.2%11.9%39.4%2.0%42.1%1.4%1.1%540.0K-14.8M-391.8K0.123.257,530891200,665126,905
2023-08-30$6.21$6.0043.3%11.9%36.9%5.2%41.7%-1.0%0.7%526.8K-13.9M-392.3K0.233.805,6731,284204,165126,925
2023-08-31$6.14$6.0042.6%11.6%33.9%3.0%40.9%-0.2%0.7%472.3K-12.5M-384.7K0.083.684,274358204,344126,280