AG Options History — November 2023

In November 2023, AG traded between $4.45 and $5.95. ATM implied volatility averaged 49.2%, placing in the 35.5% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded below realized volatility by 30.4% (HV 20d: 79.6%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.22.

Notable Days

  • 2023-11-02: Highest Volume — 35,778 contracts
  • 2023-11-03: Largest IV drop — 5.3% change
  • 2023-11-02: Highest IV Rank — 46.5%
  • 2023-11-01: Largest Expected Move — 16.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.17$4.45$5.95$5.21$5.95
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV49.2%47.0%53.1%52.9%48.2%
Expected Move14.3%13.4%16.1%16.1%14.2%
HV 20d79.6%50.8%84.0%50.8%81.3%
HV 60d57.0%42.3%60.0%42.3%59.5%
IV Rank35.5%27.7%46.5%44.7%33.9%
IV Percentile39.5%24.6%62.3%61.5%32.9%
Term Structure0.3%-1.4%2.9%0.6%-0.7%
VWIV50.5%46.7%58.9%58.9%50.2%
Skew 25d-1.0%-3.4%3.0%1.9%-1.9%
Skew 10d-0.6%-9.6%17.5%1.4%5.2%
Call IV 25d52.2%49.7%54.5%54.5%51.4%
Put IV 25d51.2%48.6%56.4%56.4%49.5%
Bid-Ask Spread %17.753.2561.124.243.25
Gamma HHI0.160.130.240.160.24
Net GEX438.9K130.2K853.1K454.6K853.1K
Net DEX-6.6M-21.6M7.5M-6.2M-21.4M
Net VEX-325.4K-370.9K-279.6K-344.6K-367.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.220.060.440.150.23
Total Volume9,477.5713,18435,7783,3875,097
Total OI359,153.714347,820370,687350,493356,554

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$5.21$5.0052.9%16.1%50.8%44.7%58.9%1.9%0.6%454.6K-6.2M-344.6K0.154.242,947440234,190116,303
2023-11-02$4.45$5.0053.1%15.8%76.0%46.5%55.3%2.0%0.2%130.2K7.5M-281.9K0.193.7330,0675,711235,489116,407
2023-11-03$4.86$5.0050.3%13.9%82.0%35.5%49.9%-2.8%0.7%314.3K-1.3M-318.4K0.194.1115,5362,947247,300118,616
2023-11-06$4.67$5.0049.4%14.4%83.0%32.3%50.2%-1.6%0.2%214.1K3.4M-298.6K0.063.489,633622238,785118,831
2023-11-07$4.80$5.0051.0%14.6%83.5%38.9%51.4%0.8%-0.1%407.3K-159.7K-310.9K0.073.957,601503247,789118,852
2023-11-08$4.79$5.0049.4%14.3%83.5%32.3%50.2%-1.4%0.5%417.7K760.8K-304.6K0.313.844,2421,317250,966118,883
2023-11-09$4.67$5.0050.0%14.7%82.4%34.5%51.3%-1.8%2.2%296.8K3.9M-293.0K0.293.4511,1313,236251,430119,257
2023-11-10$4.58$5.0048.7%14.4%73.6%32.0%52.6%-0.9%2.9%187.3K5.7M-280.8K0.306.735,2941,562247,915118,792
2023-11-13$4.58$5.0049.5%14.2%73.6%40.2%49.5%-2.5%0.6%187.9K5.4M-279.6K0.105.233,963401245,531117,024
2023-11-14$5.04$5.0048.3%13.8%80.3%34.1%47.6%1.9%0.6%416.3K-4.5M-321.1K0.294.508,7102,530247,367117,174
2023-11-15$5.12$5.0048.9%14.0%80.7%37.3%49.2%3.0%-0.5%388.5K-6.0M-327.3K0.445.734,6692,047246,579118,491
2023-11-16$5.25$5.0048.5%13.9%81.2%35.1%49.9%0.0%0.6%434.3K-8.7M-330.2K0.1718.717,5241,271246,115117,975
2023-11-17$5.21$5.0047.1%13.4%81.2%28.5%46.7%-1.2%2.7%419.0K-7.5M-321.8K0.3121.663,2711,026247,023118,317
2023-11-20$5.25$5.0047.0%13.5%81.0%27.7%47.7%-1.1%-0.2%430.4K-7.3M-327.5K0.1616.432,737447234,825115,173
2023-11-21$5.49$5.0048.5%13.8%82.7%35.3%49.0%-3.4%-0.8%522.0K-13.2M-345.0K0.3756.848,9133,298235,605115,212
2023-11-22$5.45$5.0047.9%13.7%82.4%32.1%48.7%-2.4%-0.7%527.9K-11.3M-339.3K0.1320.673,862486237,217116,278
2023-11-24$5.67$5.0048.1%13.7%83.5%33.3%49.9%-3.3%-1.4%564.7K-18.2M-358.4K0.1460.726,608899239,173116,552
2023-11-27$5.79$5.0049.7%14.7%83.7%41.3%49.8%-2.7%-0.2%595.7K-16.4M-349.3K0.1761.126,5231,114233,327114,493
2023-11-28$5.92$5.0048.4%14.6%84.0%35.0%50.8%-1.1%-0.4%709.0K-21.1M-363.4K0.427.029,5493,999236,525115,185
2023-11-29$5.91$5.0048.6%14.6%81.3%36.1%51.4%-2.7%-0.3%746.8K-21.6M-370.9K0.0957.286,679617237,798116,910
2023-11-30$5.95$5.0048.2%14.2%81.3%33.9%50.2%-1.9%-0.7%853.1K-21.4M-367.3K0.233.254,135962239,474117,080