AG Options History — December 2025

In December 2025, AG traded between $14.41 and $17.48. ATM implied volatility averaged 73.5%, placing in the 60.2% IV rank vs the trailing year. The 30-day expected move averaged 21.4%. IV traded above realized volatility by 0.8% (HV 20d: 72.7%). Max pain ranged from $8.00 to $9.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.28.

Notable Days

2025-12-26: Highest Volume — 108,397 contracts
2025-12-11: Largest IV spike — 10.8% change
2025-12-11: Highest IV Rank — 70.0%
2025-12-01: Largest Expected Move — 23.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.24	$14.41	$17.48	$15.62	$16.70
Max Pain	$8.55	$8.00	$9.00	$9.00	$9.00
ATM IV	73.5%	66.5%	79.1%	72.5%	75.3%
Expected Move	21.4%	19.7%	23.7%	23.7%	21.3%
HV 20d	72.7%	54.0%	83.6%	83.6%	54.2%
HV 60d	75.3%	72.2%	78.8%	78.5%	72.2%
IV Rank	60.2%	48.2%	70.0%	58.5%	63.4%
IV Percentile	87.8%	76.2%	94.4%	88.5%	89.7%
Term Structure	0.1%	-8.7%	4.2%	-1.6%	-0.3%
VWIV	77.6%	70.9%	83.3%	82.3%	77.5%
Skew 25d	-8.1%	-21.0%	-0.5%	-10.4%	-10.4%
Skew 10d	-20.4%	-48.4%	17.3%	-36.3%	-25.5%
Call IV 25d	81.1%	72.2%	89.4%	82.7%	82.2%
Put IV 25d	73.0%	64.6%	80.4%	72.3%	71.8%
Bid-Ask Spread %	27.38	14.65	55.19	33.24	31.52
Gamma HHI	0.15	0.10	0.23	0.18	0.11
Net GEX	7.6M	6.7M	8.5M	7.0M	7.4M
Net DEX	-656.1M	-786.8M	-505.1M	-648.4M	-597.6M
Net VEX	-1.8M	-1.9M	-1.6M	-1.7M	-1.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.28	0.10	0.51	0.16	0.38
Total Volume	57,733.227	29,391	108,397	80,454	34,784
Total OI	927,386.455	787,941	1,035,676	912,240	882,206

Daily Data (22 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
2025-12-01	$15.62	$9.00	72.5%	23.7%	83.6%	58.5%	82.3%	-10.4%	-1.6%	7.0M	-648.4M	-1.7M	0.16	33.24	69,104	11,350	610,002	302,238
2025-12-02	$15.86	$9.00	72.7%	23.0%	83.1%	58.8%	83.3%	-0.5%	-2.5%	7.1M	-669.2M	-1.7M	0.34	16.15	35,624	11,964	618,912	307,916
2025-12-03	$15.79	$9.00	70.0%	22.3%	77.4%	54.2%	79.4%	-4.7%	0.7%	7.7M	-673.0M	-1.7M	0.41	14.65	26,367	10,863	632,165	309,365
2025-12-04	$15.02	$8.00	70.7%	19.8%	72.9%	55.3%	71.2%	-7.2%	0.4%	7.5M	-585.6M	-1.7M	0.24	20.84	39,262	9,316	637,355	313,465
2025-12-05	$15.00	$8.00	68.8%	19.9%	73.2%	52.0%	71.9%	-6.0%	-0.5%	7.2M	-577.3M	-1.7M	0.27	30.53	33,592	9,037	629,326	317,471
2025-12-08	$14.41	$8.00	66.5%	19.7%	75.4%	48.2%	70.9%	-1.2%	3.1%	6.7M	-505.1M	-1.6M	0.51	31.38	19,479	9,912	608,483	311,129
2025-12-09	$15.30	$8.00	72.9%	20.8%	76.3%	59.2%	76.0%	-16.0%	-0.7%	7.3M	-596.0M	-1.7M	0.10	20.10	46,284	4,837	617,708	316,231
2025-12-10	$15.89	$8.00	71.4%	21.4%	76.8%	56.7%	78.1%	-9.2%	3.0%	8.3M	-668.0M	-1.8M	0.19	55.19	48,521	9,419	643,619	318,737
2025-12-11	$16.87	$8.00	79.1%	22.3%	77.3%	70.0%	80.3%	-7.9%	-1.4%	8.5M	-786.8M	-1.8M	0.18	21.42	89,274	16,478	659,019	322,944
2025-12-12	$15.87	$8.00	75.9%	21.7%	80.4%	64.4%	79.4%	-2.5%	1.7%	8.2M	-665.6M	-1.8M	0.21	23.04	69,895	14,986	664,826	328,495
2025-12-15	$16.09	$8.00	77.1%	22.0%	79.6%	66.5%	80.1%	-9.3%	-0.6%	7.6M	-675.2M	-1.8M	0.18	20.03	55,092	9,692	658,971	321,839
2025-12-16	$16.49	$8.00	76.4%	21.8%	77.1%	65.2%	79.3%	-5.1%	1.1%	8.1M	-731.0M	-1.9M	0.32	22.43	28,728	9,216	685,103	327,587
2025-12-17	$16.43	$8.00	75.2%	21.6%	77.4%	63.2%	77.1%	-7.4%	-1.8%	8.2M	-735.0M	-1.8M	0.39	23.75	48,283	18,708	694,213	330,494
2025-12-18	$16.19	$9.00	73.3%	21.0%	78.2%	59.8%	77.9%	-6.4%	0.0%	7.7M	-694.7M	-1.8M	0.20	17.03	34,221	6,989	697,154	331,947
2025-12-19	$16.66	$9.00	72.8%	20.9%	71.8%	58.9%	74.7%	-7.9%	0.5%	7.1M	-757.3M	-1.8M	0.32	26.17	46,066	14,532	703,250	332,426
2025-12-22	$17.48	$9.00	72.6%	21.1%	72.1%	58.6%	75.7%	-21.0%	0.7%	7.3M	-669.4M	-1.9M	0.34	19.73	48,709	16,409	580,295	207,646
2025-12-23	$17.38	$9.00	72.1%	20.5%	69.6%	57.8%	73.3%	-8.1%	4.2%	7.3M	-656.0M	-1.9M	0.21	45.01	45,230	9,615	594,204	217,600
2025-12-24	$17.20	$9.00	72.8%	20.4%	69.9%	59.0%	74.4%	-18.0%	0.4%	7.6M	-642.6M	-1.9M	0.25	25.13	25,555	6,508	608,848	222,013
2025-12-26	$17.34	$9.00	74.4%	21.7%	64.9%	61.9%	79.2%	-7.0%	1.2%	7.5M	-673.2M	-1.9M	0.25	29.54	86,858	21,539	619,591	224,774
2025-12-29	$16.77	$9.00	77.6%	22.8%	54.6%	67.3%	82.9%	-7.4%	-8.7%	7.4M	-601.2M	-1.9M	0.30	53.02	57,603	17,024	614,874	217,096
2025-12-30	$16.96	$9.00	77.0%	22.1%	54.0%	66.2%	81.6%	-3.6%	3.3%	7.6M	-626.1M	-1.9M	0.33	22.43	32,596	10,610	634,528	226,437
2025-12-31	$16.70	$9.00	75.3%	21.3%	54.2%	63.4%	77.5%	-10.4%	-0.3%	7.4M	-597.6M	-1.9M	0.38	31.52	25,159	9,625	650,290	231,916