AG Options History — February 2024

In February 2024, AG traded between $4.21 and $4.91. ATM implied volatility averaged 56.9%, placing in the 74.7% IV rank vs the trailing year. The 30-day expected move averaged 16.4%. IV traded below realized volatility by 1.5% (HV 20d: 58.5%). Max pain ranged from $4.50 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.77.

Notable Days

  • 2024-02-28: Highest Volume — 39,372 contracts
  • 2024-02-13: Largest IV spike — 12.4% change
  • 2024-02-13: Highest IV Rank — 100.0%
  • 2024-02-16: Largest Expected Move — 18.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.57$4.21$4.91$4.91$4.50
Max Pain$4.60$4.50$5.00$5.00$4.50
ATM IV56.9%52.8%62.7%55.5%52.8%
Expected Move16.4%14.8%18.2%16.2%14.8%
HV 20d58.5%52.9%65.1%62.6%54.1%
HV 60d58.4%55.5%59.5%58.8%57.5%
IV Rank74.7%53.1%100.0%70.4%53.1%
IV Percentile86.9%66.7%100.0%85.3%66.7%
Term Structure-0.9%-5.0%3.1%-0.0%-0.5%
VWIV58.1%53.7%63.5%56.8%53.7%
Skew 25d0.6%-5.3%3.3%0.9%0.8%
Skew 10d2.2%-19.4%33.7%2.2%-0.6%
Call IV 25d58.5%55.0%66.9%56.5%55.3%
Put IV 25d59.1%55.1%64.3%57.4%56.1%
Bid-Ask Spread %25.196.0465.4121.5165.41
Gamma HHI0.150.130.370.370.16
Net GEX241.0K101.1K867.6K867.6K208.2K
Net DEX-1.4M-6.1M4.6M-6.1M1.4M
Net VEX-307.1K-344.9K-275.2K-320.9K-344.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.037.620.030.13
Total Volume10,856.22,98239,37215,3383,212
Total OI309,357.15291,492348,912301,873348,912

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-02-01$4.91$5.0055.5%16.2%62.6%70.4%56.8%0.9%-0.0%867.6K-6.1M-320.9K0.0321.5114,848490176,419125,454
2024-02-02$4.80$5.0055.2%16.1%62.5%69.3%56.1%1.2%0.2%262.2K-3.1M-313.1K0.0947.146,798632173,334125,698
2024-02-05$4.61$5.0056.6%17.0%63.5%76.0%58.9%1.1%3.1%193.1K-196.7K-300.6K0.1241.904,572551166,747124,745
2024-02-06$4.75$5.0056.9%15.8%65.1%77.7%55.6%1.6%-2.6%258.5K-2.7M-306.5K0.0527.394,873255168,659125,037
2024-02-07$4.69$4.5056.1%16.2%65.1%73.8%58.7%-2.5%-0.7%248.2K-2.3M-307.0K0.0336.655,883147170,438125,102
2024-02-08$4.66$4.5055.3%15.9%64.9%69.5%60.0%-0.2%0.2%217.4K-2.1M-302.1K0.1826.053,046540172,746124,952
2024-02-09$4.58$4.5055.7%16.1%64.2%71.8%55.5%0.3%1.2%189.9K-874.4K-298.5K0.1727.187,0441,175173,781124,915
2024-02-12$4.62$4.5055.8%16.0%60.0%72.1%57.2%-1.4%0.8%219.3K-1.1M-299.9K0.1043.013,623361170,455124,131
2024-02-13$4.21$4.5062.7%18.1%57.0%100.0%61.6%3.3%-4.0%101.1K4.6M-275.2K0.1518.6412,3061,817172,027124,162
2024-02-14$4.29$4.5059.8%17.1%53.4%86.3%61.2%1.2%-2.2%158.6K1.7M-283.8K0.296.745,3651,576176,949123,115
2024-02-15$4.53$4.5060.2%17.4%57.1%88.2%60.6%0.6%-2.4%242.2K-2.3M-303.9K0.196.1911,5092,154178,751123,898
2024-02-16$4.54$4.5062.0%18.2%56.7%96.7%63.5%-5.3%-5.0%273.6K-3.7M-307.3K2.706.048,63023,279182,324124,429
2024-02-20$4.50$4.5060.2%17.9%55.2%88.2%62.2%1.8%-0.3%167.4K-836.2K-307.1K0.1829.759,5981,763166,507144,913
2024-02-21$4.46$4.5059.6%17.7%54.7%85.5%62.7%2.1%-0.7%176.4K-738.8K-301.7K0.0730.177,652527170,584145,258
2024-02-22$4.50$4.5055.5%16.2%54.4%66.3%56.3%2.7%0.0%207.7K-1.1M-308.4K2.5432.684,82112,250173,360145,595
2024-02-23$4.67$4.5055.1%15.6%56.1%64.1%54.2%1.5%-3.2%207.0K-4.5M-319.1K0.2917.065,3601,557174,145156,328
2024-02-26$4.59$4.5055.8%15.8%56.3%67.3%55.8%2.0%-0.8%211.4K-2.2M-319.9K0.176.775,582974170,608155,087
2024-02-27$4.58$4.5054.5%15.3%52.9%61.1%55.7%-1.7%-0.5%228.0K-2.5M-315.6K0.306.982,302680172,884155,650
2024-02-28$4.44$4.5053.6%15.3%53.8%57.2%55.1%1.4%-0.9%181.6K426.8K-305.8K7.626.574,56634,806172,961156,083
2024-02-29$4.50$4.5052.8%14.8%54.1%53.1%53.7%0.8%-0.5%208.2K1.4M-344.9K0.1365.412,840372175,804173,108