AG Options History — December 2023

In December 2023, AG traded between $5.46 and $6.42. ATM implied volatility averaged 48.8%, placing in the 36.8% IV rank vs the trailing year. The 30-day expected move averaged 14.0%. IV traded below realized volatility by 5.7% (HV 20d: 54.4%). Max pain ranged from $5.00 to $6.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.39.

Notable Days

  • 2023-12-28: Highest Volume — 23,365 contracts
  • 2023-12-19: Largest IV spike — 3.6% change
  • 2023-12-27: Highest IV Rank — 46.2%
  • 2023-12-14: Largest Expected Move — 14.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.09$5.46$6.42$6.25$6.14
Max Pain$5.95$5.00$6.00$5.00$6.00
ATM IV48.8%46.9%50.6%48.3%48.4%
Expected Move14.0%13.3%14.4%14.2%13.5%
HV 20d54.4%47.3%59.6%54.7%59.6%
HV 60d63.0%60.2%65.1%60.2%64.2%
IV Rank36.8%27.2%46.2%34.2%34.9%
IV Percentile42.5%24.2%65.5%34.1%38.1%
Term Structure0.5%-0.9%2.2%0.1%-0.7%
VWIV50.2%47.6%52.4%51.3%47.6%
Skew 25d-2.0%-4.1%-0.1%-1.1%-2.3%
Skew 10d-2.2%-7.8%28.2%-3.4%-7.2%
Call IV 25d52.0%49.3%54.6%51.1%51.8%
Put IV 25d50.0%47.6%51.7%50.0%49.5%
Bid-Ask Spread %27.893.8845.2612.6043.46
Gamma HHI0.160.150.180.170.17
Net GEX657.3K362.8K892.0K773.8K663.2K
Net DEX-21.3M-30.1M-6.4M-30.1M-19.1M
Net VEX-369.4K-389.9K-334.9K-389.9K-364.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.064.490.100.22
Total Volume10,336.752,80423,36520,0656,292
Total OI363,083.5356,303368,817358,587367,287

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-12-01$6.25$5.0048.3%14.2%54.7%34.2%51.3%-1.1%0.1%773.8K-30.1M-389.9K0.1012.6018,3231,742241,044117,543
2023-12-04$6.05$6.0049.9%14.0%50.5%42.4%51.2%-2.9%0.1%741.5K-23.3M-376.0K0.153.8810,2071,562241,558116,974
2023-12-05$6.01$6.0049.0%13.7%47.3%38.0%48.8%-1.1%-0.1%701.1K-21.3M-374.3K0.114.727,237765244,805118,120
2023-12-06$5.92$6.0047.9%14.0%47.9%32.4%50.6%-3.2%-0.3%609.0K-19.1M-369.9K0.254.222,250554243,938118,625
2023-12-07$5.96$6.0047.4%13.8%47.7%29.7%49.8%-2.1%1.0%611.3K-20.0M-370.5K0.2113.922,570551244,239118,887
2023-12-08$5.74$6.0047.0%13.3%49.1%27.8%48.6%-0.1%0.6%476.0K-12.3M-349.4K0.2914.746,8412,013245,958119,050
2023-12-11$5.71$6.0048.4%14.0%48.3%35.0%50.6%-1.1%0.4%464.6K-12.5M-349.4K0.2114.405,0541,050239,489118,319
2023-12-12$5.46$6.0046.9%14.0%52.1%27.2%49.5%-2.7%2.0%362.8K-6.4M-334.9K0.1514.124,932724241,708119,128
2023-12-13$6.06$6.0048.5%13.7%54.0%35.6%49.7%-2.6%-0.6%709.7K-20.6M-370.2K0.0630.0110,064583244,194119,398
2023-12-14$6.28$6.0049.7%14.4%54.8%41.2%50.8%-1.3%1.0%836.9K-27.9M-382.4K0.1435.8414,0141,908247,020119,212
2023-12-15$6.12$6.0048.5%14.3%55.9%35.2%50.6%-0.9%2.2%615.0K-23.3M-378.4K0.1636.356,3391,044247,558119,812
2023-12-18$6.04$6.0047.7%13.7%56.2%31.3%48.7%-1.2%1.2%576.0K-18.6M-368.3K0.2745.264,6041,252238,469117,834
2023-12-19$6.36$6.0049.4%14.2%58.3%40.0%52.4%-4.1%0.7%748.9K-27.4M-382.0K0.4443.7314,3546,281239,990118,711
2023-12-20$6.14$6.0049.1%14.1%58.8%38.3%51.2%-3.9%-0.9%465.0K-21.8M-382.9K0.0641.6512,356714244,627124,115
2023-12-21$6.33$6.0050.0%14.3%59.3%42.8%50.7%-2.8%0.1%696.8K-25.9M-382.2K0.0833.929,538793243,657124,616
2023-12-22$6.25$6.0049.8%14.3%58.4%41.9%50.1%-1.1%0.6%704.2K-23.3M-364.3K0.0741.7811,925778244,005124,812
2023-12-26$6.38$6.0050.1%14.4%58.4%43.6%50.3%-1.3%0.5%808.9K-25.5M-369.7K0.1242.423,751451242,384118,716
2023-12-27$6.42$6.0050.6%14.4%58.0%46.2%50.7%-3.6%0.3%892.0K-26.4M-364.2K0.1542.038,6421,312242,260118,961
2023-12-28$6.22$6.0049.1%14.1%59.4%38.3%50.2%-1.0%1.4%690.1K-21.6M-364.6K4.4938.684,25419,111244,795119,852
2023-12-29$6.14$6.0048.4%13.5%59.6%34.9%47.6%-2.3%-0.7%663.2K-19.1M-364.6K0.2243.465,1471,145245,460121,827