AG Options History — February 2026

In February 2026, AG traded between $20.16 and $31.94. ATM implied volatility averaged 90.8%, placing in the 73.0% IV rank vs the trailing year. The 30-day expected move averaged 26.1%. IV traded below realized volatility by 16.7% (HV 20d: 107.6%). Max pain ranged from $19.00 to $23.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.41.

Notable Days

2026-02-20: Highest Volume — 131,672 contracts
2026-02-23: Largest IV spike — 8.9% change
2026-02-03: Highest IV Rank — 83.3%
2026-02-03: Largest Expected Move — 30.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.74	$20.16	$31.94	$20.16	$31.94
Max Pain	$22.00	$19.00	$23.00	$19.00	$23.00
ATM IV	90.8%	83.3%	98.2%	93.8%	88.9%
Expected Move	26.1%	23.9%	30.3%	28.0%	25.4%
HV 20d	107.6%	92.0%	118.4%	94.7%	116.1%
HV 60d	82.4%	76.3%	86.8%	77.2%	83.0%
IV Rank	73.0%	62.4%	83.3%	77.1%	70.3%
IV Percentile	92.7%	87.3%	97.2%	96.0%	90.9%
Term Structure	-1.1%	-8.4%	5.7%	2.2%	-2.6%
VWIV	92.7%	82.8%	107.1%	100.8%	89.8%
Skew 25d	-6.9%	-37.7%	-0.7%	-6.2%	-0.7%
Skew 10d	-22.6%	-77.8%	6.4%	-26.5%	-7.3%
Call IV 25d	97.1%	87.5%	126.9%	98.4%	89.8%
Put IV 25d	90.2%	82.2%	99.0%	92.2%	89.1%
Bid-Ask Spread %	22.45	12.20	40.25	40.25	13.65
Gamma HHI	0.08	0.06	0.12	0.07	0.10
Net GEX	9.3M	6.3M	12.5M	6.3M	12.5M
Net DEX	-906.9M	-1.47B	-525.2M	-525.2M	-1.47B
Net VEX	-3.1M	-3.2M	-2.9M	-2.9M	-3.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.41	0.21	0.77	0.39	0.67
Total Volume	68,533.158	36,483	131,672	77,362	94,964
Total OI	992,739.421	915,520	1,045,272	941,392	959,494

Daily Data (19 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
2026-02-02	$20.16	$19.00	93.8%	28.0%	94.7%	77.1%	100.8%	-6.2%	2.2%	6.3M	-525.2M	-2.9M	0.39	40.25	55,645	21,717	654,397	286,995
2026-02-03	$21.93	$19.00	98.2%	30.3%	96.5%	83.3%	107.1%	-2.7%	3.8%	7.8M	-689.7M	-3.1M	0.41	34.14	65,151	26,636	676,089	297,620
2026-02-04	$22.14	$19.00	98.0%	29.8%	92.0%	83.0%	106.0%	-0.9%	-4.3%	8.2M	-709.1M	-3.2M	0.21	39.95	30,271	6,212	692,087	315,467
2026-02-05	$20.20	$22.00	96.1%	26.2%	97.3%	80.4%	94.6%	-5.0%	-8.4%	6.8M	-540.8M	-3.0M	0.23	26.63	48,406	11,118	701,133	322,038
2026-02-06	$22.05	$22.00	94.4%	26.0%	101.4%	78.0%	96.5%	-1.8%	5.7%	9.4M	-715.9M	-3.2M	0.34	21.96	40,350	13,680	708,070	318,631
2026-02-09	$23.91	$22.00	94.1%	26.3%	103.4%	77.6%	94.3%	-37.7%	-0.9%	9.7M	-879.7M	-3.2M	0.45	16.73	46,783	21,155	673,982	303,773
2026-02-10	$24.13	$23.00	89.3%	25.3%	101.5%	70.9%	89.0%	-6.1%	0.8%	10.1M	-897.5M	-3.2M	0.37	13.36	29,362	10,881	686,841	317,215
2026-02-11	$23.88	$23.00	89.5%	24.8%	101.4%	71.1%	85.9%	-9.6%	-0.9%	9.9M	-872.3M	-3.2M	0.65	19.07	35,886	23,432	697,190	322,540
2026-02-12	$21.63	$23.00	83.3%	24.5%	108.4%	62.4%	89.2%	-14.2%	0.5%	7.8M	-642.1M	-3.0M	0.25	28.09	43,732	10,822	704,249	331,316
2026-02-13	$22.81	$23.00	88.5%	24.6%	109.4%	69.8%	86.9%	-8.7%	-4.6%	9.4M	-740.1M	-3.1M	0.35	22.89	33,346	11,532	707,753	333,721
2026-02-17	$21.52	$23.00	88.2%	25.2%	110.8%	69.3%	90.9%	-6.6%	0.7%	7.3M	-603.3M	-2.9M	0.31	21.70	48,385	15,032	678,374	322,509
2026-02-18	$22.52	$22.00	88.8%	25.5%	110.3%	70.2%	89.8%	-4.9%	-3.1%	8.4M	-698.4M	-3.0M	0.21	20.31	40,047	8,519	685,190	333,044
2026-02-19	$24.84	$22.00	83.6%	23.9%	115.5%	62.9%	82.8%	-5.3%	0.4%	11.5M	-959.5M	-3.1M	0.28	20.61	76,328	21,747	700,635	335,430
2026-02-20	$27.30	$22.00	86.5%	24.9%	116.3%	67.0%	89.3%	-8.2%	-3.9%	12.5M	-1.23B	-3.2M	0.29	18.03	102,039	29,633	705,579	339,693
2026-02-23	$28.73	$22.00	94.3%	27.7%	116.4%	77.8%	96.1%	-2.5%	-3.3%	9.2M	-1.19B	-3.1M	0.51	12.20	70,644	35,748	607,322	308,198
2026-02-24	$29.89	$23.00	93.5%	26.7%	117.0%	76.7%	93.3%	-3.2%	-4.1%	9.6M	-1.27B	-3.2M	0.73	20.45	32,786	24,048	616,227	322,029
2026-02-25	$29.37	$23.00	89.6%	25.1%	117.2%	71.3%	88.3%	-1.8%	-1.1%	9.7M	-1.23B	-3.1M	0.77	16.54	31,014	23,742	620,134	326,682
2026-02-26	$31.05	$23.00	87.2%	25.6%	118.4%	67.9%	90.7%	-4.4%	2.4%	10.1M	-1.37B	-3.1M	0.33	19.89	46,119	15,218	619,079	331,323
2026-02-27	$31.94	$23.00	88.9%	25.4%	116.1%	70.3%	89.8%	-0.7%	-2.6%	12.5M	-1.47B	-3.0M	0.67	13.65	56,815	38,149	624,890	334,604