AG Options History — September 2023

In September 2023, AG traded between $4.88 and $5.97. ATM implied volatility averaged 44.4%, placing in the 8.5% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 11.4% (HV 20d: 33.1%). 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 14 of 20 days. Put/call ratio averaged 0.32.

Notable Days

  • 2023-09-19: Highest Volume — 15,117 contracts
  • 2023-09-21: Largest IV spike — 6.9% change
  • 2023-09-26: Highest IV Rank — 23.7%
  • 2023-09-26: Largest Expected Move — 14.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.41$4.88$5.97$5.97$5.13
Max Pain$6.00$6.00$6.00$6.00$6.00
ATM IV44.4%41.5%49.6%41.6%48.3%
Expected Move12.7%10.7%14.4%10.7%13.5%
HV 20d33.1%26.0%36.4%34.6%34.7%
HV 60d43.0%41.9%44.2%41.9%43.6%
IV Rank8.5%0.0%23.7%0.2%19.8%
IV Percentile13.8%0.0%40.5%0.4%32.5%
Term Structure0.5%-0.8%2.4%0.5%0.3%
VWIV46.2%37.5%51.6%37.5%48.2%
Skew 25d-0.7%-3.9%1.3%-1.1%-0.6%
Skew 10d-5.9%-14.9%1.0%-5.2%-11.1%
Call IV 25d47.1%42.6%52.1%43.4%49.9%
Put IV 25d46.4%42.2%51.7%42.4%49.3%
Bid-Ask Spread %3.032.193.982.192.75
Gamma HHI0.150.130.190.130.15
Net GEX159.0K9.6K338.2K288.4K124.1K
Net DEX1.7M-7.9M9.5M-7.9M3.0M
Net VEX-334.1K-372.9K-311.9K-372.9K-336.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.320.031.040.550.09
Total Volume8,747.154,09415,1176,68112,963
Total OI344,480.55329,185368,346331,005368,346

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-09-01$5.97$6.0041.6%10.7%34.6%0.2%37.5%-1.1%0.5%288.4K-7.9M-372.9K0.552.194,3162,365204,690126,315
2023-09-05$5.79$6.0042.6%12.2%35.9%3.1%47.4%0.5%-0.0%271.6K-3.0M-352.1K0.132.946,149794203,041126,144
2023-09-06$5.69$6.0042.3%12.2%36.2%2.3%42.8%-2.7%0.6%214.4K-58.0K-338.9K0.162.943,721592202,859126,455
2023-09-07$5.61$6.0043.1%12.6%36.4%4.6%45.2%0.2%0.4%172.7K351.1K-337.4K0.482.344,7432,256203,379125,902
2023-09-08$5.54$6.0041.5%12.2%36.2%0.0%46.5%-0.8%-0.1%121.4K2.1M-335.5K0.453.373,1291,411206,853125,560
2023-09-11$5.56$6.0042.4%12.0%31.3%2.8%42.3%-0.0%-0.7%148.6K1.4M-330.3K0.173.049,0951,538205,368124,690
2023-09-12$5.53$6.0042.5%12.4%30.1%3.0%43.8%0.2%0.8%118.0K1.7M-329.5K0.722.517,3875,317207,891124,837
2023-09-13$5.54$6.0042.8%12.1%26.0%3.9%42.5%1.1%-0.7%90.8K1.1M-332.1K0.103.573,729365210,769127,688
2023-09-14$5.61$6.0041.5%11.8%26.2%0.0%41.5%1.1%-0.8%127.8K-1.7M-338.5K0.272.895,4821,488212,677127,582
2023-09-15$5.83$6.0041.9%12.3%29.8%1.4%46.5%-0.9%2.4%298.1K-6.4M-350.2K1.043.276,3506,621214,703127,950
2023-09-18$5.62$6.0043.4%12.5%32.5%5.5%45.0%-1.3%1.2%209.2K-2.0M-343.0K0.072.8612,449876207,974127,296
2023-09-19$5.37$6.0044.9%12.9%35.7%10.0%47.4%-1.1%-0.7%338.2K1.2M-331.6K0.723.988,7816,336217,122127,865
2023-09-20$5.30$6.0043.5%12.5%35.7%5.8%47.8%-0.4%1.7%271.8K3.4M-327.5K0.033.3613,775471220,069131,851
2023-09-21$5.17$6.0046.5%13.3%34.8%14.5%49.1%-2.4%1.2%102.2K5.3M-328.0K0.262.417,1001,877223,552132,072
2023-09-22$5.11$6.0046.0%13.1%34.8%13.1%48.1%-3.9%1.7%72.1K5.7M-324.6K0.133.515,364719227,532132,565
2023-09-25$5.04$6.0046.9%13.3%34.8%15.6%49.9%-0.6%1.5%36.6K7.4M-317.8K0.343.754,7001,593222,587131,150
2023-09-26$4.88$6.0049.6%14.4%31.9%23.7%51.6%-1.3%0.0%9.6K9.5M-311.9K0.173.148,1031,370225,189131,625
2023-09-27$4.91$6.0049.1%14.3%30.3%22.2%51.6%-1.2%0.5%65.4K7.6M-319.1K0.253.045,6051,382229,803132,105
2023-09-28$5.05$6.0048.1%13.5%33.5%19.2%49.2%1.3%1.1%99.9K5.4M-326.2K0.192.733,897734233,247132,308
2023-09-29$5.13$6.0048.3%13.5%34.7%19.8%48.2%-0.6%0.3%124.1K3.0M-336.0K0.092.7511,9091,054235,730132,616