AG Options History — May 2024

In May 2024, AG traded between $6.64 and $7.96. ATM implied volatility averaged 56.7%, placing in the 46.5% IV rank vs the trailing year. The 30-day expected move averaged 16.0%. IV traded above realized volatility by 3.3% (HV 20d: 53.4%). Max pain ranged from $7.00 to $7.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.29.

Notable Days

  • 2024-05-20: Highest Volume — 78,224 contracts
  • 2024-05-24: Largest IV drop — 17.2% change
  • 2024-05-23: Highest IV Rank — 71.2%
  • 2024-05-20: Largest Expected Move — 17.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.26$6.64$7.96$6.75$7.13
Max Pain$7.00$7.00$7.00$7.00$7.00
ATM IV56.7%52.9%64.8%58.0%55.9%
Expected Move16.0%14.9%17.3%17.2%15.6%
HV 20d53.4%44.9%61.3%50.6%61.3%
HV 60d62.4%60.8%64.2%62.0%63.9%
IV Rank46.5%34.9%71.2%50.2%44.0%
IV Percentile82.7%65.9%96.4%88.5%80.2%
Term Structure3.0%-16.0%53.2%-7.5%1.8%
VWIV59.9%55.3%64.9%61.8%57.3%
Skew 25d-3.9%-7.8%3.3%-6.9%-5.2%
Skew 10d-16.1%-42.3%13.4%-13.6%-9.6%
Call IV 25d61.3%55.5%67.0%63.2%62.8%
Put IV 25d57.4%52.9%61.9%56.3%57.6%
Bid-Ask Spread %29.819.5271.1770.1530.83
Gamma HHI0.160.140.180.160.15
Net GEX1.0M584.5K1.4M660.2K814.9K
Net DEX-56.8M-88.6M-33.6M-36.7M-46.6M
Net VEX-719.6K-778.8K-661.7K-666.3K-708.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.290.131.300.170.36
Total Volume24,738.0459,25678,22414,75916,501
Total OI559,234.909524,095588,899540,699581,573

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$6.75$7.0058.0%17.2%50.6%50.2%61.8%-6.9%-7.5%660.2K-36.7M-666.3K0.1770.1512,6292,130305,453235,246
2024-05-02$6.74$7.0056.8%16.5%50.6%46.8%61.6%-5.9%-1.1%639.7K-35.7M-671.2K0.2230.069,4422,068308,671235,947
2024-05-03$6.64$7.0056.0%16.6%47.9%44.3%64.0%-3.8%0.6%584.5K-33.6M-661.7K0.1571.1710,1411,527312,472236,728
2024-05-06$7.09$7.0059.4%16.5%53.4%54.6%59.8%-1.3%-16.0%952.0K-53.0M-690.0K0.4129.4918,7297,764305,164233,820
2024-05-07$7.25$7.0056.6%16.6%54.0%46.0%59.5%-1.2%3.4%1.0M-58.8M-707.1K0.2626.6211,3672,963308,027237,469
2024-05-08$7.05$7.0054.5%15.9%54.0%39.8%59.1%-1.0%4.6%830.8K-48.9M-688.8K0.4636.3411,0915,152310,789237,806
2024-05-09$7.50$7.0055.5%15.3%58.9%42.7%57.4%-1.4%5.1%1.4M-72.4M-728.0K0.3026.4520,6746,110314,107238,886
2024-05-10$7.30$7.0053.9%15.1%55.2%37.8%56.2%-4.5%-1.2%946.7K-60.0M-700.8K0.1529.4714,3892,203318,548242,004
2024-05-13$7.11$7.0052.9%14.9%55.9%34.9%55.3%-4.6%-0.8%795.5K-48.9M-689.9K0.2923.2711,8253,390309,312238,625
2024-05-14$7.26$7.0056.3%15.5%44.9%45.1%58.7%1.0%4.5%975.1K-57.3M-695.0K0.1518.889,5061,436312,865240,734
2024-05-15$7.49$7.0056.0%15.2%45.9%44.4%59.7%-2.4%-0.1%1.3M-69.2M-718.5K0.1818.3519,1523,459317,342241,149
2024-05-16$7.41$7.0053.6%15.0%46.1%37.0%57.3%3.3%7.4%1.1M-64.7M-727.9K0.1959.0612,1862,330320,825242,504
2024-05-17$7.89$7.0056.7%16.9%50.5%46.5%62.2%-5.4%0.9%1.2M-88.6M-743.0K0.189.5247,4668,746321,458242,937
2024-05-20$7.96$7.0060.4%17.3%48.5%57.7%60.2%-7.1%5.8%1.4M-86.5M-754.0K1.3012.6833,95344,271283,841240,254
2024-05-21$7.58$7.0058.3%16.7%51.5%51.4%64.9%-7.8%3.1%1.4M-72.9M-778.8K0.4220.1533,62514,222298,504265,310
2024-05-22$7.24$7.0055.8%16.0%54.5%43.7%59.4%-6.6%0.2%998.2K-53.4M-767.8K0.2025.2321,4604,312303,603274,886
2024-05-23$7.04$7.0064.8%15.9%55.1%71.2%60.4%-4.9%53.2%828.8K-45.8M-720.3K0.1526.1326,5233,906311,298277,601
2024-05-24$7.17$7.0053.7%15.3%55.4%37.3%56.9%-6.4%-0.3%890.3K-46.4M-735.9K0.3326.346,9492,307306,052279,065
2024-05-28$7.63$7.0057.5%16.2%58.5%49.0%61.6%-1.1%2.3%1.3M-69.0M-774.8K0.1317.2926,8683,542290,726271,739
2024-05-29$7.28$7.0057.9%16.2%60.9%50.1%62.7%-6.4%0.5%1.1M-53.1M-755.2K0.2025.2423,1884,550303,380271,830
2024-05-30$7.20$7.0057.2%16.1%61.2%48.1%61.2%-5.3%-0.1%966.1K-48.5M-747.9K0.1323.1217,8002,385301,729272,889
2024-05-31$7.13$7.0055.9%15.6%61.3%44.0%57.3%-5.2%1.8%814.9K-46.6M-708.1K0.3630.8312,1414,360307,344274,229