AG Options History — September 2025

In September 2025, AG traded between $9.07 and $12.39. ATM implied volatility averaged 64.2%, placing in the 59.2% IV rank vs the trailing year. The 30-day expected move averaged 18.5%. IV traded above realized volatility by 9.4% (HV 20d: 54.8%). Max pain ranged from $8.00 to $9.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.16.

Notable Days

  • 2025-09-22: Highest Volume — 159,426 contracts
  • 2025-09-22: Largest IV spike — 10.3% change
  • 2025-09-29: Highest IV Rank — 87.6%
  • 2025-09-29: Largest Expected Move — 22.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.54$9.07$12.39$9.52$12.21
Max Pain$8.95$8.00$9.50$8.00$9.50
ATM IV64.2%57.0%76.5%63.2%74.6%
Expected Move18.5%16.2%22.5%19.1%22.0%
HV 20d54.8%34.3%74.8%34.5%74.8%
HV 60d49.9%42.1%57.8%42.1%57.8%
IV Rank59.2%42.4%87.6%56.9%83.3%
IV Percentile78.3%43.3%99.6%83.3%99.2%
Term Structure0.2%-2.5%3.1%-2.5%2.5%
VWIV66.2%60.0%80.0%69.2%76.9%
Skew 25d-9.9%-74.7%1.9%-8.5%-11.2%
Skew 10d-11.7%-42.4%24.6%-19.3%24.6%
Call IV 25d72.4%59.3%125.4%70.5%84.8%
Put IV 25d62.4%50.7%75.0%62.0%73.6%
Bid-Ask Spread %10.773.9143.275.014.93
Gamma HHI0.200.110.270.250.11
Net GEX5.5M4.0M8.3M4.4M5.8M
Net DEX-319.0M-467.4M-187.0M-221.5M-454.8M
Net VEX-1.4M-1.8M-1.1M-1.1M-1.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.160.040.360.210.16
Total Volume81,125.85739,022159,426100,75864,564
Total OI878,262.143771,712949,293771,712949,293

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-09-02$9.52$8.0063.2%19.1%34.5%56.9%69.2%-8.5%-2.5%4.4M-221.5M-1.1M0.215.0183,50317,255498,593273,119
2025-09-03$9.43$8.0061.0%18.1%34.3%51.6%63.4%-6.8%-0.5%5.2M-222.2M-1.1M0.284.9873,50720,324533,210281,384
2025-09-04$9.07$9.0057.3%16.4%37.8%43.3%60.4%-5.0%0.1%4.5M-187.0M-1.1M0.105.7148,1614,595556,313297,573
2025-09-05$9.16$9.0057.5%16.3%35.1%43.5%60.2%-6.4%-0.4%4.0M-192.1M-1.1M0.124.5539,9494,872559,569300,547
2025-09-08$9.43$9.0059.1%16.5%35.4%47.3%60.0%-6.0%-1.6%4.7M-216.9M-1.2M0.094.4845,5484,208537,213296,063
2025-09-09$9.11$9.0057.0%16.2%37.6%42.4%60.6%-7.2%-1.3%4.4M-191.4M-1.1M0.135.9134,4684,554559,126298,786
2025-09-10$9.32$9.0059.3%16.9%38.0%47.8%61.4%-8.2%1.1%4.8M-214.9M-1.2M0.047.2564,8802,908565,675301,739
2025-09-11$10.38$9.0059.5%16.9%53.4%48.2%60.2%-5.4%0.0%6.8M-345.1M-1.3M0.1121.38127,07513,669597,968303,626
2025-09-12$10.59$9.0060.4%17.3%53.3%50.3%61.7%-6.7%-0.2%8.3M-356.3M-1.3M0.0910.81128,07911,114586,030305,776
2025-09-15$10.77$9.0061.4%17.5%53.3%52.7%62.8%-6.1%-0.4%6.0M-354.5M-1.4M0.205.2543,5538,646589,248298,766
2025-09-16$10.45$9.0060.9%17.5%54.5%51.6%63.3%-5.4%-0.5%5.8M-317.9M-1.4M0.3612.9452,54219,028595,347304,686
2025-09-17$10.09$9.0059.9%17.2%53.2%49.1%64.3%-7.2%2.8%5.5M-278.4M-1.3M0.1943.2742,2888,242596,491299,654
2025-09-18$9.88$9.0059.8%17.2%54.1%49.0%62.1%-8.2%-0.1%5.5M-254.2M-1.3M0.183.9135,2246,275601,623301,163
2025-09-19$10.57$9.0063.3%18.6%58.0%57.0%61.5%1.9%-1.9%5.9M-333.7M-1.4M0.069.0986,7855,476613,588303,344
2025-09-22$12.05$9.0069.8%19.9%72.1%72.1%70.6%-8.2%3.1%5.6M-443.2M-1.5M0.136.42140,50718,919576,529269,470
2025-09-23$11.84$9.0072.0%19.7%72.5%77.1%71.4%-74.7%0.3%5.7M-421.0M-1.5M0.1526.11101,23315,596592,982274,608
2025-09-24$11.43$9.0070.0%20.1%74.6%72.6%70.1%-10.5%-0.1%5.4M-367.7M-1.5M0.315.8840,11912,629591,236281,625
2025-09-25$11.61$9.0071.6%20.7%74.6%76.3%74.5%-8.2%2.3%5.5M-391.6M-1.6M0.0816.5067,9385,758608,519290,126
2025-09-26$12.13$9.0074.5%21.1%74.7%83.0%76.1%-11.2%0.1%6.1M-467.4M-1.7M0.235.1199,60422,536644,518292,269
2025-09-29$12.39$9.5076.5%22.5%74.7%87.6%80.0%0.6%2.4%5.8M-467.4M-1.7M0.2016.7164,50713,005627,903288,207
2025-09-30$12.21$9.5074.6%22.0%74.8%83.3%76.9%-11.2%2.5%5.8M-454.8M-1.8M0.164.9355,7238,841652,865296,428