AG Options History — October 2025

In October 2025, AG traded between $12.04 and $15.25. ATM implied volatility averaged 81.5%, placing in the 83.0% IV rank vs the trailing year. The 30-day expected move averaged 23.4%. IV traded above realized volatility by 3.9% (HV 20d: 77.6%). Max pain ranged from $10.00 to $13.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 0.29.

Notable Days

2025-10-08: Highest Volume — 184,401 contracts
2025-10-16: Largest IV spike — 11.4% change
2025-10-09: Highest IV Rank — 100.0%
2025-10-16: Largest Expected Move — 26.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.24	$12.04	$15.25	$12.32	$12.68
Max Pain	$11.70	$10.00	$13.00	$10.00	$13.00
ATM IV	81.5%	72.0%	96.5%	75.2%	73.4%
Expected Move	23.4%	20.7%	26.8%	22.3%	22.2%
HV 20d	77.6%	69.1%	81.7%	74.3%	81.2%
HV 60d	60.9%	54.5%	66.5%	55.4%	65.7%
IV Rank	83.0%	60.1%	100.0%	84.7%	60.1%
IV Percentile	97.4%	90.5%	100.0%	99.2%	90.5%
Term Structure	-0.3%	-23.3%	10.0%	8.5%	-3.9%
VWIV	84.4%	75.1%	95.3%	79.5%	83.3%
Skew 25d	-6.2%	-33.7%	29.2%	-10.4%	-7.1%
Skew 10d	-20.7%	-53.2%	11.7%	-5.4%	-27.7%
Call IV 25d	86.9%	46.8%	107.1%	84.4%	80.1%
Put IV 25d	80.7%	55.2%	96.0%	74.0%	73.0%
Bid-Ask Spread %	24.54	11.02	58.96	13.15	16.17
Gamma HHI	0.13	0.11	0.17	0.11	0.12
Net GEX	6.0M	4.8M	8.2M	6.0M	5.0M
Net DEX	-496.0M	-726.7M	-363.1M	-462.6M	-380.4M
Net VEX	-1.8M	-1.9M	-1.6M	-1.8M	-1.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.29	0.10	0.75	0.26	0.51
Total Volume	73,175.783	25,594	184,401	72,088	27,529
Total OI	980,229.217	936,869	1,033,568	954,740	976,320

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2025-10-01	$12.32	$10.00	75.2%	22.3%	74.3%	84.7%	79.5%	-10.4%	8.5%	6.0M	-462.6M	-1.8M	0.26	13.15	57,182	14,906	654,490	300,250
2025-10-02	$12.04	$10.00	72.0%	21.2%	73.0%	77.3%	75.2%	-10.8%	6.1%	5.5M	-429.7M	-1.7M	0.27	58.96	72,947	19,644	663,020	304,315
2025-10-03	$12.14	$10.00	72.5%	20.7%	73.1%	78.5%	75.1%	-9.8%	2.4%	4.9M	-441.5M	-1.7M	0.20	16.77	68,030	13,867	674,448	312,424
2025-10-06	$12.93	$11.00	74.8%	21.6%	75.0%	83.7%	79.1%	14.1%	6.4%	6.4M	-525.4M	-1.8M	0.13	24.35	97,878	12,271	654,895	295,472
2025-10-07	$12.66	$11.00	76.6%	21.5%	73.9%	87.9%	78.5%	29.2%	-0.5%	6.5M	-494.8M	-1.8M	0.13	15.36	49,890	6,491	670,218	300,031
2025-10-08	$14.11	$11.00	80.0%	22.5%	80.8%	95.9%	79.2%	-33.7%	3.0%	7.3M	-654.4M	-1.8M	0.10	31.71	167,852	16,549	679,684	303,003
2025-10-09	$13.79	$11.00	82.6%	22.6%	75.3%	100.0%	82.0%	-10.4%	-2.5%	7.4M	-599.6M	-1.8M	0.16	15.83	111,436	17,400	682,277	308,105
2025-10-10	$13.36	$11.00	87.3%	24.0%	77.0%	100.0%	87.0%	-7.8%	-6.6%	6.3M	-548.5M	-1.8M	0.18	33.01	78,302	13,880	701,119	313,679
2025-10-13	$14.00	$11.00	87.0%	24.7%	78.0%	99.5%	90.7%	-3.5%	3.6%	7.1M	-617.8M	-1.9M	0.24	21.57	58,456	14,002	700,783	305,633
2025-10-14	$13.82	$11.00	89.4%	24.6%	76.9%	100.0%	89.4%	-4.9%	-2.0%	6.9M	-584.0M	-1.9M	0.69	22.67	50,847	35,119	700,081	316,048
2025-10-15	$14.86	$11.00	86.6%	24.9%	77.3%	94.5%	89.9%	-8.0%	0.6%	8.0M	-690.3M	-1.9M	0.20	26.71	56,353	11,510	699,449	318,992
2025-10-16	$15.25	$11.00	96.5%	26.8%	75.8%	100.0%	95.3%	-11.1%	-3.8%	8.2M	-726.7M	-1.9M	0.21	23.39	106,632	22,668	694,848	322,340
2025-10-17	$14.10	$12.00	91.3%	25.6%	81.6%	91.1%	92.1%	-8.3%	-2.9%	5.5M	-588.1M	-1.9M	0.26	25.92	82,125	21,701	703,625	329,943
2025-10-20	$14.32	$12.00	87.4%	24.8%	69.1%	84.2%	90.2%	-9.8%	-0.5%	6.2M	-540.9M	-1.8M	0.30	27.11	36,824	11,098	633,062	303,807
2025-10-21	$12.75	$12.00	84.8%	24.2%	81.7%	79.8%	86.4%	-8.3%	-3.1%	5.1M	-390.2M	-1.7M	0.36	11.02	55,068	19,801	643,329	308,532
2025-10-22	$12.73	$13.00	85.4%	24.5%	80.5%	80.9%	86.7%	-7.6%	-4.7%	4.9M	-387.3M	-1.7M	0.31	27.66	31,691	9,677	654,373	317,701
2025-10-23	$12.89	$13.00	84.1%	24.1%	80.4%	78.6%	85.5%	-7.3%	-0.9%	5.4M	-403.2M	-1.8M	0.45	17.86	22,106	9,907	658,667	320,963
2025-10-24	$12.86	$13.00	80.0%	23.0%	79.1%	71.4%	83.5%	-8.2%	1.4%	5.2M	-400.8M	-1.7M	0.75	17.98	20,008	14,972	668,376	319,847
2025-10-27	$12.45	$13.00	75.3%	22.7%	79.8%	63.4%	83.0%	-10.4%	6.1%	4.8M	-363.1M	-1.7M	0.28	21.97	46,697	13,013	635,500	309,064
2025-10-28	$12.75	$13.00	75.8%	22.6%	80.0%	64.2%	83.8%	-6.4%	10.0%	5.1M	-385.9M	-1.7M	0.17	18.13	27,109	4,490	634,797	317,150
2025-10-29	$12.59	$13.00	79.1%	23.0%	80.1%	69.9%	83.4%	6.2%	-23.3%	5.0M	-372.4M	-1.6M	0.22	57.59	24,256	5,265	645,132	319,059
2025-10-30	$13.04	$13.00	76.0%	23.0%	80.4%	64.6%	81.6%	-8.4%	0.0%	5.8M	-419.4M	-1.7M	0.20	19.64	21,343	4,251	650,108	320,313
2025-10-31	$12.68	$13.00	73.4%	22.2%	81.2%	60.1%	83.3%	-7.1%	-3.9%	5.0M	-380.4M	-1.6M	0.51	16.17	18,244	9,285	655,366	320,954