AG Options History — January 2024

In January 2024, AG traded between $4.62 and $5.96. ATM implied volatility averaged 53.5%, placing in the 60.3% IV rank vs the trailing year. The 30-day expected move averaged 15.1%. IV traded below realized volatility by 7.0% (HV 20d: 60.5%). Max pain ranged from $5.00 to $6.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.38.

Notable Days

  • 2024-01-16: Highest Volume — 30,442 contracts
  • 2024-01-03: Largest IV spike — 4.9% change
  • 2024-01-30: Highest IV Rank — 81.5%
  • 2024-01-30: Largest Expected Move — 16.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.12$4.62$5.96$5.96$4.63
Max Pain$5.67$5.00$6.00$6.00$5.00
ATM IV53.5%49.2%57.7%50.2%57.5%
Expected Move15.1%14.2%16.4%14.2%15.6%
HV 20d60.5%50.4%63.2%57.8%61.5%
HV 60d66.2%60.4%68.5%64.5%60.4%
IV Rank60.3%39.1%81.5%44.1%80.8%
IV Percentile77.3%48.4%94.0%60.7%93.7%
Term Structure0.1%-1.4%2.4%0.3%-1.1%
VWIV53.5%47.6%57.4%49.6%55.2%
Skew 25d-0.4%-4.2%2.1%-3.2%1.8%
Skew 10d-3.1%-18.3%7.0%-10.0%-0.0%
Call IV 25d56.3%51.4%61.1%54.3%59.2%
Put IV 25d55.9%51.0%60.9%51.1%60.9%
Bid-Ask Spread %23.694.1362.7643.686.64
Gamma HHI0.160.140.200.160.19
Net GEX277.1K66.9K550.3K550.3K349.3K
Net DEX-2.6M-14.0M7.5M-14.0M-1.3M
Net VEX-313.5K-353.3K-287.9K-353.3K-303.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.041.500.220.05
Total Volume10,656.2865,02130,4425,5137,714
Total OI340,675.714266,653398,550364,270300,631

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-01-02$5.96$6.0050.2%14.2%57.8%44.1%49.6%-3.2%0.3%550.3K-14.0M-353.3K0.2243.684,523990243,737120,533
2024-01-03$5.56$6.0052.7%14.8%61.7%56.4%53.0%-2.0%-0.6%364.5K-6.0M-335.0K0.2839.887,4882,066245,581120,965
2024-01-04$5.63$6.0051.9%15.0%62.0%52.7%56.6%-0.7%0.3%381.1K-7.1M-330.1K0.2027.745,1021,040249,210120,685
2024-01-05$5.59$6.0051.2%15.0%61.9%48.8%57.4%-2.1%-0.3%368.4K-7.6M-336.3K0.1317.914,698601249,120121,077
2024-01-08$5.53$6.0050.5%14.5%61.8%45.6%53.2%-0.6%-0.6%329.6K-6.4M-330.7K0.0817.818,184627248,476120,602
2024-01-09$5.46$6.0050.1%15.0%60.6%43.5%55.1%-0.6%2.4%305.9K-4.2M-317.5K0.2018.234,223853252,094120,964
2024-01-10$5.49$6.0050.1%14.8%60.7%43.3%52.1%-1.8%1.1%321.5K-4.8M-318.6K1.5029.394,0926,144252,836121,183
2024-01-11$5.30$6.0049.2%14.2%59.9%39.1%49.6%-0.1%-0.4%245.5K-3.2M-310.7K0.1128.2811,2801,295254,986118,812
2024-01-12$5.61$6.0051.2%14.6%50.4%49.1%51.9%-1.7%-0.8%387.1K-10.4M-327.2K0.2230.446,8781,493253,232119,067
2024-01-16$5.04$6.0053.4%15.3%60.1%60.0%54.3%0.3%0.5%142.4K829.9K-299.0K1.275.0013,39117,051251,306118,284
2024-01-17$4.71$6.0053.6%15.4%63.2%61.1%57.4%-4.2%1.5%66.9K7.2M-287.9K0.2020.5912,0612,450255,531133,631
2024-01-18$4.63$6.0054.6%15.5%63.2%66.0%54.2%-1.0%1.3%69.4K7.5M-288.0K0.824.136,2455,127262,834132,148
2024-01-19$4.71$6.0055.2%15.7%59.6%68.9%54.0%0.0%0.9%110.4K5.8M-293.6K0.344.746,5182,248266,473132,077
2024-01-22$4.87$6.0055.4%15.7%61.5%70.2%55.0%0.0%0.1%157.6K-701.6K-306.0K0.1629.307,6641,224146,610120,043
2024-01-23$4.95$5.0055.4%15.3%60.4%70.4%54.5%2.1%-0.5%257.6K-2.7M-313.7K0.8228.548,2406,754151,384120,362
2024-01-24$4.83$5.0055.5%15.1%60.6%70.4%53.2%1.1%-1.0%254.8K-1.1M-307.0K1.0262.766,0136,110155,495125,084
2024-01-25$4.88$5.0054.8%14.9%59.9%67.1%52.8%0.4%-0.9%319.6K-2.4M-308.4K0.1226.724,473548157,263124,712
2024-01-26$4.88$5.0055.2%14.9%59.7%69.2%50.3%-0.3%0.1%227.8K-2.3M-310.7K0.0422.7911,507452159,108124,736
2024-01-29$4.62$5.0057.2%16.0%61.1%79.0%47.6%1.2%-1.4%237.9K673.0K-296.3K0.1017.5117,4261,664161,647124,050
2024-01-30$4.67$5.0057.7%16.4%61.8%81.5%57.3%1.8%0.1%371.6K-2.0M-310.1K0.0915.356,700625172,600125,021
2024-01-31$4.63$5.0057.5%15.6%61.5%80.8%55.2%1.8%-1.1%349.3K-1.3M-303.7K0.056.647,326388175,231125,400