AG Options History — March 2024

In March 2024, AG traded between $4.74 and $5.88. ATM implied volatility averaged 53.9%, placing in the 56.9% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded above realized volatility by 1.7% (HV 20d: 52.2%). 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 12 of 20 days. Put/call ratio averaged 0.16.

Notable Days

  • 2024-03-28: Highest Volume — 29,298 contracts
  • 2024-03-15: Largest IV spike — 20.3% change
  • 2024-03-15: Highest IV Rank — 100.0%
  • 2024-03-04: Largest Expected Move — 16.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.35$4.74$5.88$4.74$5.88
Max Pain$4.92$4.50$5.00$4.50$5.00
ATM IV53.9%51.7%63.8%53.3%52.5%
Expected Move15.3%14.5%16.1%15.3%14.5%
HV 20d52.2%41.9%56.7%53.1%56.7%
HV 60d57.9%55.2%60.3%58.4%59.1%
IV Rank56.9%45.6%100.0%55.7%49.3%
IV Percentile69.2%59.9%100.0%68.3%64.7%
Term Structure-0.4%-12.2%2.4%-0.3%-2.4%
VWIV54.8%49.5%59.7%52.8%49.5%
Skew 25d-1.4%-3.8%2.3%-0.3%-2.4%
Skew 10d-3.1%-9.9%2.4%1.0%-5.8%
Call IV 25d56.2%54.0%58.8%56.1%56.1%
Put IV 25d54.9%52.3%57.8%55.8%53.7%
Bid-Ask Spread %27.396.8554.956.8523.67
Gamma HHI0.150.140.160.140.16
Net GEX433.2K211.4K656.3K211.4K590.4K
Net DEX-14.6M-26.7M-4.2M-4.2M-26.7M
Net VEX-394.4K-411.6K-365.8K-365.8K-410.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.160.060.330.120.06
Total Volume13,203.656,30529,29810,67629,298
Total OI359,638.45346,465371,210349,505371,210

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-03-01$4.74$4.5053.3%15.3%53.1%55.7%52.8%-0.3%-0.3%211.4K-4.2M-365.8K0.126.859,5231,153176,348173,157
2024-03-04$5.00$4.5056.1%16.1%55.9%69.0%58.0%-1.1%-0.9%357.8K-8.1M-381.4K0.1021.9820,6811,993174,304172,161
2024-03-05$4.92$4.5055.5%15.9%54.1%66.3%56.5%-0.9%0.0%444.9K-8.5M-385.7K0.1124.5815,0921,596183,232172,838
2024-03-06$5.08$5.0054.7%15.9%54.3%62.1%58.0%-2.6%0.3%469.6K-11.5M-382.1K0.1414.8414,7112,015182,784174,003
2024-03-07$5.31$5.0054.0%15.6%55.8%59.0%55.2%-0.7%0.7%503.4K-16.6M-404.4K0.287.1617,9465,004183,880175,669
2024-03-08$5.31$5.0054.2%15.6%55.6%60.1%56.3%-2.4%0.9%329.6K-14.5M-392.2K0.2214.2613,1762,880182,632177,085
2024-03-11$5.46$5.0055.1%15.8%55.4%64.0%56.1%-1.1%-0.1%400.3K-17.8M-406.2K0.1422.2611,2621,562178,161176,043
2024-03-12$5.37$5.0053.7%15.5%56.1%57.7%59.7%0.1%0.1%407.6K-14.3M-397.7K0.1332.089,5111,279182,616176,397
2024-03-13$5.50$5.0052.4%15.3%41.9%51.5%53.6%-3.2%1.0%473.5K-17.6M-403.1K0.1531.4410,2221,528180,712176,843
2024-03-14$5.38$5.0053.0%15.1%43.7%54.3%54.9%-0.7%-0.6%334.9K-13.5M-389.5K0.1029.767,942799181,750177,641
2024-03-15$5.63$5.0063.8%15.3%42.6%100.0%55.8%2.3%-12.2%495.1K-23.0M-411.6K0.1830.159,7141,760186,657178,026
2024-03-18$5.61$5.0052.7%15.1%42.8%50.3%57.1%0.4%1.0%513.0K-18.3M-406.4K0.1133.686,670760181,450173,826
2024-03-19$5.25$5.0052.8%15.1%50.4%50.6%54.6%-3.0%0.8%319.8K-9.5M-389.3K0.2128.015,9001,213182,545174,270
2024-03-20$5.58$5.0053.1%15.2%53.4%52.2%55.7%-3.8%0.2%540.6K-19.7M-410.2K0.1754.9510,6351,832185,498174,964
2024-03-21$5.47$5.0051.9%14.9%54.5%46.7%51.9%-3.4%0.2%504.2K-15.8M-398.7K0.1214.5510,1771,196189,337175,912
2024-03-22$5.36$5.0051.7%14.7%54.5%45.6%53.2%-1.1%-0.8%372.1K-12.2M-386.0K0.1643.375,428877190,637176,335
2024-03-25$5.33$5.0052.0%14.9%54.0%47.2%52.8%0.0%-0.1%379.1K-10.2M-380.6K0.1333.997,255934185,752175,536
2024-03-26$5.28$5.0052.3%15.0%54.2%48.6%50.2%-0.7%2.2%359.9K-10.4M-384.4K0.2445.825,1471,218188,558175,962
2024-03-27$5.56$5.0052.2%14.7%54.4%48.1%53.5%-2.5%2.4%656.3K-18.7M-402.1K0.3334.3910,6793,505191,020177,018
2024-03-28$5.88$5.0052.5%14.5%56.7%49.3%49.5%-2.4%-2.4%590.4K-26.7M-410.5K0.0623.6727,5771,721193,948177,262