AG Options History — May 2025

In May 2025, AG traded between $5.55 and $6.34. ATM implied volatility averaged 57.3%, placing in the 40.1% IV rank vs the trailing year. The 30-day expected move averaged 16.4%. IV traded below realized volatility by 5.4% (HV 20d: 62.7%). Max pain ranged from $6.00 to $6.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.21.

Notable Days

  • 2025-05-08: Highest Volume — 95,169 contracts
  • 2025-05-30: Largest IV spike — 7.7% change
  • 2025-05-06: Highest IV Rank — 53.7%
  • 2025-05-02: Largest Expected Move — 18.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.93$5.55$6.34$5.92$6.17
Max Pain$6.00$6.00$6.00$6.00$6.00
ATM IV57.3%54.4%61.8%56.7%58.6%
Expected Move16.4%15.4%18.2%17.9%15.5%
HV 20d62.7%57.8%81.0%81.0%60.2%
HV 60d70.0%67.4%72.7%67.7%68.0%
IV Rank40.1%31.4%53.7%38.2%43.9%
IV Percentile47.8%23.4%77.8%43.7%61.9%
Term Structure-0.6%-27.0%4.1%4.1%1.7%
VWIV57.9%54.6%65.5%63.1%54.6%
Skew 25d-1.5%-11.6%3.5%3.5%2.1%
Skew 10d-1.6%-18.1%37.0%37.0%-1.2%
Call IV 25d58.8%52.4%63.6%58.6%56.6%
Put IV 25d57.3%40.8%62.6%62.1%58.6%
Bid-Ask Spread %16.674.3069.0442.0669.04
Gamma HHI0.130.100.190.120.14
Net GEX908.5K321.4K1.5M511.7K1.2M
Net DEX-41.5M-71.6M-12.9M-26.4M-62.8M
Net VEX-698.7K-739.4K-629.9K-660.4K-729.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.210.040.500.110.23
Total Volume19,095.9528,14195,16917,00017,245
Total OI636,891.19587,249668,930593,073662,878

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-05-01$5.92$6.0056.7%17.9%81.0%38.2%63.1%3.5%4.1%511.7K-26.4M-660.4K0.1142.0615,2721,728335,397257,676
2025-05-02$5.89$6.0058.0%18.2%80.0%42.2%65.5%-2.2%2.1%585.5K-24.4M-667.3K0.2312.1510,8662,543341,174258,245
2025-05-05$6.04$6.0061.7%17.1%63.2%53.4%60.8%1.2%-0.5%711.1K-33.6M-690.6K0.5036.179,6264,828332,198255,051
2025-05-06$6.34$6.0061.8%17.2%63.3%53.7%61.9%-1.0%-0.4%968.0K-48.7M-728.6K0.185.0611,6662,114337,971258,153
2025-05-07$6.23$6.0059.6%17.0%62.5%47.0%60.7%-11.6%-27.0%939.1K-43.9M-710.1K0.3352.039,4713,099343,302259,299
2025-05-08$5.55$6.0058.2%16.6%61.4%42.9%58.7%-2.1%0.3%321.4K-12.9M-629.9K0.114.3085,3949,775345,410260,358
2025-05-09$5.87$6.0058.7%16.6%64.6%44.3%58.4%-1.7%1.6%751.2K-38.4M-711.3K0.245.5317,1444,171388,908263,724
2025-05-12$5.83$6.0060.8%16.2%61.9%50.5%57.1%-2.8%1.2%730.4K-38.5M-703.9K0.357.6612,0734,211385,716262,359
2025-05-13$5.81$6.0056.7%16.0%57.8%38.3%55.7%-1.1%-0.8%732.0K-35.0M-698.8K0.406.898,1943,302389,049263,909
2025-05-14$5.59$6.0057.2%16.4%58.9%39.8%57.0%-1.2%0.3%581.4K-25.3M-677.1K0.124.5411,0241,286393,372265,744
2025-05-15$5.67$6.0055.5%15.8%59.2%34.8%56.6%-1.5%-0.4%716.9K-29.9M-682.0K0.204.6411,3712,257396,000266,268
2025-05-16$5.59$6.0054.7%15.5%59.1%32.4%54.8%-1.4%-1.5%701.7K-28.8M-669.5K0.374.808,6253,189401,917267,013
2025-05-19$5.67$6.0056.4%16.3%59.6%37.6%55.0%0.9%-3.1%729.2K-33.2M-681.3K0.176.356,9591,182369,257258,054
2025-05-20$5.89$6.0055.1%15.8%59.0%33.5%56.5%-1.7%1.2%1.0M-44.7M-701.2K0.0411.6222,5161,009373,169258,814
2025-05-21$5.96$6.0056.3%16.1%59.0%37.0%57.2%-0.5%-0.2%1.2M-52.7M-717.7K0.104.5612,3631,298389,298259,255
2025-05-22$5.89$6.0055.0%15.7%59.0%33.2%56.4%-1.3%1.9%1.3M-48.0M-710.9K0.1941.598,3731,563394,538259,666
2025-05-23$5.89$6.0055.7%16.0%59.0%35.2%56.8%-2.0%0.6%1.0M-47.4M-706.8K0.236.1810,5122,424397,956260,616
2025-05-27$6.21$6.0056.1%16.0%62.2%36.6%56.6%-0.8%2.2%1.3M-63.3M-725.5K0.097.1523,0582,180391,559256,635
2025-05-28$6.30$6.0056.3%16.0%62.3%37.1%57.1%-2.4%0.3%1.5M-71.6M-739.4K0.115.9621,5732,348397,733257,277
2025-05-29$6.14$6.0054.4%15.4%62.9%31.4%55.2%-3.4%2.8%1.5M-62.8M-730.3K0.1511.7211,4491,734401,224258,573
2025-05-30$6.17$6.0058.6%15.5%60.2%43.9%54.6%2.1%1.7%1.2M-62.8M-729.2K0.2369.0414,0623,183403,331259,547