AG Options History — October 2023

In October 2023, AG traded between $4.89 and $5.66. ATM implied volatility averaged 53.2%, placing in the 37.9% IV rank vs the trailing year. The 30-day expected move averaged 15.6%. IV traded above realized volatility by 5.0% (HV 20d: 48.2%). Max pain ranged from $5.00 to $6.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.15.

Notable Days

  • 2023-10-13: Highest Volume — 18,485 contracts
  • 2023-10-10: Largest IV drop — 6.2% change
  • 2023-10-26: Highest IV Rank — 51.7%
  • 2023-10-30: Largest Expected Move — 16.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.32$4.89$5.66$4.95$5.17
Max Pain$5.14$5.00$6.00$6.00$5.00
ATM IV53.2%50.8%55.1%51.0%53.4%
Expected Move15.6%14.6%16.9%15.1%16.6%
HV 20d48.2%35.4%56.0%35.4%52.1%
HV 60d43.3%40.1%46.7%43.9%42.3%
IV Rank37.9%27.2%51.7%27.7%46.7%
IV Percentile61.0%52.4%70.6%52.8%61.9%
Term Structure-0.5%-2.5%2.2%0.5%-0.4%
VWIV55.1%49.0%60.0%53.2%59.4%
Skew 25d-0.5%-2.9%2.4%1.3%-0.7%
Skew 10d-2.3%-16.5%3.7%1.8%-4.7%
Call IV 25d55.6%53.0%59.4%53.1%55.6%
Put IV 25d55.1%53.2%57.4%54.4%54.8%
Bid-Ask Spread %4.092.725.582.722.96
Gamma HHI0.160.130.200.150.17
Net GEX365.7K78.1K742.5K86.2K423.4K
Net DEX-4.2M-12.3M7.3M6.7M-5.4M
Net VEX-345.4K-373.4K-315.3K-319.2K-339.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.150.070.380.160.23
Total Volume8,993.53,22618,48513,1776,287
Total OI366,666.591331,046390,362365,390349,707

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-10-02$4.95$6.0051.0%15.1%35.4%27.7%53.2%1.3%0.5%86.2K6.7M-319.2K0.162.7211,3841,793233,414131,976
2023-10-03$5.16$6.0052.4%15.1%38.8%31.7%54.0%0.7%0.7%177.8K2.1M-337.2K0.183.004,942867237,685132,786
2023-10-04$5.00$6.0051.5%14.7%39.6%29.3%49.0%2.3%-0.5%154.5K4.1M-330.0K0.083.338,549723238,477133,143
2023-10-05$5.04$5.0051.7%14.6%39.8%29.8%51.3%-2.0%0.8%186.5K3.6M-333.4K0.174.222,764462241,119133,157
2023-10-06$5.21$5.0052.0%15.1%42.0%30.6%54.2%0.4%2.1%184.4K-1.0M-348.9K0.104.5811,3681,177242,850133,307
2023-10-09$5.24$5.0054.2%15.7%42.1%37.0%54.8%2.4%0.5%212.4K-312.1K-344.0K0.113.623,651415242,596132,270
2023-10-10$5.12$5.0050.8%15.0%42.7%27.2%52.5%0.9%2.2%160.0K2.7M-330.8K0.155.584,842720243,754132,431
2023-10-11$5.12$5.0051.7%15.1%42.6%29.8%53.3%0.8%0.9%156.9K3.4M-326.9K0.103.725,860573244,720132,646
2023-10-12$4.89$5.0052.0%14.7%44.6%30.7%51.7%1.3%-1.3%78.1K7.3M-315.3K0.163.108,0911,321248,451132,635
2023-10-13$5.39$5.0054.3%15.5%56.0%37.4%54.5%-2.6%-0.5%310.7K-5.1M-356.2K0.104.5916,7691,716250,959132,484
2023-10-16$5.41$5.0054.1%15.5%54.7%36.6%54.9%-1.6%-2.2%353.3K-4.5M-345.9K0.184.016,4821,194252,912131,596
2023-10-17$5.66$5.0054.3%15.6%54.6%37.3%54.7%-1.8%-2.5%610.9K-12.3M-367.8K0.144.807,5121,070255,577131,930
2023-10-18$5.61$5.0054.5%15.6%54.4%41.4%55.2%-2.9%-2.5%628.1K-11.7M-373.4K0.384.588,2843,134256,082132,047
2023-10-19$5.66$5.0054.1%15.6%53.5%40.9%54.7%-1.1%-1.8%603.6K-11.0M-362.5K0.233.534,4541,040256,433132,479
2023-10-20$5.61$5.0054.8%15.9%53.4%43.5%56.0%-2.7%-2.4%481.6K-10.4M-360.0K0.125.2711,4811,430258,015132,347
2023-10-23$5.49$5.0053.7%15.8%53.8%42.1%57.6%-1.2%-0.9%467.7K-10.6M-352.7K0.094.708,130762216,296114,750
2023-10-24$5.51$5.0052.5%15.5%52.1%38.0%56.0%0.3%-1.0%527.6K-11.3M-356.6K0.184.084,760846219,148115,155
2023-10-25$5.39$5.0053.1%15.6%53.0%41.8%56.7%-2.0%-0.5%472.6K-8.2M-341.3K0.164.296,192982220,470115,100
2023-10-26$5.41$5.0055.1%16.5%52.3%51.7%58.7%0.1%-1.1%504.1K-9.6M-349.8K0.073.6811,635821221,657115,921
2023-10-27$5.46$5.0054.4%16.6%52.1%50.6%59.2%-0.6%0.2%742.5K-10.3M-349.1K0.085.1115,5221,166225,714116,161
2023-10-30$5.45$5.0054.6%16.9%50.1%51.4%60.0%-2.2%-0.7%523.4K-11.5M-358.4K0.094.506,132554230,414115,894
2023-10-31$5.17$5.0053.4%16.6%52.1%46.7%59.4%-0.7%-0.4%423.4K-5.4M-339.1K0.232.965,1271,160233,600116,107