AGEN Options History — July 2007

In July 2007, AGEN traded between $329.74 and $363.89. ATM implied volatility averaged 63.7%, placing in the 18.0% IV rank vs the trailing year. The 30-day expected move averaged 18.9%. IV traded above realized volatility by 27.1% (HV 20d: 36.6%). Max pain ranged from $294.41 to $1177.63. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 4.61.

Notable Days

2007-07-25: Highest Volume — 38 contracts
2007-07-25: Largest IV spike — 50.1% change
2007-07-10: Highest IV Rank — 31.7%
2007-07-06: Largest Expected Move — 23.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$346.50	$329.74	$363.89	$342.69	$350.93
Max Pain	$462.64	$294.41	$1177.63	$883.22	$1177.63
ATM IV	63.7%	52.1%	80.6%	62.5%	71.8%
Expected Move	18.9%	14.9%	23.9%	17.9%	20.6%
HV 20d	36.6%	28.2%	74.3%	74.3%	34.1%
HV 60d	93.3%	86.7%	132.1%	132.1%	87.1%
IV Rank	18.0%	7.9%	31.7%	18.3%	24.3%
IV Percentile	36.1%	10.1%	64.3%	38.9%	52.1%
Term Structure	27.2%	5.0%	85.4%	21.3%	15.4%
VWIV	64.6%	44.9%	80.6%	60.6%	44.9%
Skew 25d	-4.4%	-14.5%	4.7%	-3.6%	-5.1%
Skew 10d	22.4%	-13.3%	41.9%	-5.6%	7.5%
Call IV 25d	101.2%	96.5%	107.0%	99.2%	101.5%
Put IV 25d	96.8%	92.2%	102.4%	95.6%	96.4%
Bid-Ask Spread %	54.99	20.19	110.65	27.25	56.25
Gamma HHI	0.71	0.51	0.91	0.76	0.52
Net GEX	27.3K	10.5K	36.7K	35.3K	11.7K
Net DEX	-1.5M	-3.0M	-279.5K	-1.4M	-2.2M
Net VEX	-21.7K	-25.5K	-8.5K	-25.0K	-19.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.61	0.00	40.32	14.59	0.05
Total Volume	6.619	0	38	15	0
Total OI	395.095	223	435	415	388

Daily Data (21 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
2007-07-02	$342.69	$883.22	62.5%	17.9%	74.3%	0.0%	60.6%	-3.6%	21.3%	35.3K	-1.4M	-25.0K	14.59	27.25	1	14	271	144
2007-07-03	$349.75	$883.22	53.5%	15.3%	54.7%	0.0%	0.0%	1.3%	9.7%	15.3K	-1.6M	-21.0K	0.55	20.19	0	0	271	158
2007-07-05	$348.58	$883.22	64.6%	18.5%	51.5%	18.3%	59.9%	4.7%	8.5%	34.2K	-1.2M	-25.5K	0.46	20.41	2	1	271	158
2007-07-06	$352.11	$294.41	56.6%	23.9%	41.3%	11.7%	0.0%	2.0%	9.8%	13.3K	-1.5M	-20.5K	0.00	22.63	1	0	269	159
2007-07-09	$347.40	$294.41	58.9%	21.7%	38.7%	13.5%	71.7%	-3.4%	16.8%	34.5K	-925.6K	-24.1K	4.56	35.39	3	12	269	159
2007-07-10	$345.04	$294.41	80.6%	22.9%	38.1%	31.7%	0.0%	-1.1%	11.5%	35.3K	-279.5K	-24.0K	0.00	36.84	0	0	264	171
2007-07-11	$340.33	$294.41	62.3%	19.4%	38.3%	16.4%	0.0%	-11.4%	34.2%	35.9K	-1.0M	-23.4K	0.00	29.53	0	0	264	145
2007-07-12	$336.80	$294.41	59.9%	17.2%	31.9%	14.4%	0.0%	-14.5%	36.5%	35.7K	-938.2K	-23.6K	4.55	97.80	0	1	264	145
2007-07-13	$335.62	$294.41	63.6%	18.2%	31.4%	17.5%	0.0%	-6.6%	21.7%	35.5K	-913.4K	-23.6K	0.00	110.65	0	0	264	145
2007-07-16	$332.09	$294.41	64.0%	18.3%	29.4%	17.8%	0.0%	-11.9%	26.6%	29.0K	-493.8K	-8.5K	0.00	37.22	0	0	147	76
2007-07-17	$329.74	$294.41	72.6%	20.8%	29.4%	25.0%	70.5%	1.6%	20.6%	34.9K	-927.3K	-22.8K	0.00	38.34	0	0	264	145
2007-07-18	$341.51	$294.41	58.4%	16.7%	30.0%	13.1%	0.0%	-5.8%	30.3%	33.2K	-1.1M	-23.0K	40.32	108.26	1	21	264	145
2007-07-19	$355.64	$1177.63	53.5%	15.3%	31.6%	9.1%	0.0%	-0.9%	39.3%	10.5K	-1.2M	-19.5K	0.00	92.42	0	0	264	166
2007-07-20	$353.29	$294.41	65.2%	18.7%	30.5%	18.8%	64.3%	-4.3%	24.4%	32.4K	-1.4M	-23.3K	0.00	50.88	13	0	264	145
2007-07-23	$353.29	$294.41	58.4%	16.7%	28.2%	13.1%	0.0%	-6.5%	56.0%	36.7K	-3.0M	-23.5K	0.92	83.41	9	9	248	99
2007-07-24	$363.89	$294.41	52.1%	14.9%	29.8%	7.9%	0.0%	-1.8%	85.4%	12.6K	-2.9M	-19.5K	0.00	59.36	0	0	242	107
2007-07-25	$361.53	$294.41	78.3%	22.4%	29.7%	29.7%	80.6%	-5.5%	5.0%	33.5K	-2.6M	-22.8K	0.97	60.31	19	19	242	107
2007-07-26	$347.40	$294.41	65.2%	18.7%	32.9%	18.8%	0.0%	-2.8%	34.5%	28.9K	-706.4K	-25.0K	2.47	53.96	3	7	260	161
2007-07-27	$349.75	$294.41	59.5%	17.0%	30.5%	14.0%	44.9%	-4.8%	50.8%	11.3K	-2.2M	-19.1K	0.00	54.61	0	0	260	126
2007-07-30	$339.16	$294.41	75.7%	21.7%	32.5%	27.6%	0.0%	-11.7%	12.2%	24.8K	-2.1M	-19.1K	27.33	59.06	0	3	260	126
2007-07-31	$350.93	$1177.63	71.8%	20.6%	34.1%	24.3%	0.0%	-5.1%	15.4%	11.7K	-2.2M	-19.3K	0.05	56.25	0	0	260	128