AGEN Options History — September 2007

In September 2007, AGEN traded between $266.14 and $300.29. ATM implied volatility averaged 97.5%, placing in the 45.9% IV rank vs the trailing year. The 30-day expected move averaged 28.1%. IV traded above realized volatility by 26.3% (HV 20d: 71.3%). Max pain ranged from $294.41 to $294.41. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 3.69.

Notable Days

2007-09-10: Highest Volume — 20 contracts
2007-09-14: Largest IV spike — 51.7% change
2007-09-18: Highest IV Rank — 67.6%
2007-09-20: Largest Expected Move — 31.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$282.32	$266.14	$300.29	$281.45	$279.10
Max Pain	$294.41	$294.41	$294.41	$294.41	$294.41
ATM IV	97.5%	69.7%	123.5%	90.1%	102.7%
Expected Move	28.1%	20.2%	31.9%	25.8%	29.4%
HV 20d	71.3%	51.0%	94.9%	94.9%	52.4%
HV 60d	65.8%	64.9%	66.4%	65.6%	66.3%
IV Rank	45.9%	22.6%	67.6%	39.7%	50.2%
IV Percentile	72.6%	41.4%	92.1%	70.2%	76.9%
Term Structure	14.1%	-6.0%	38.4%	10.9%	-6.0%
VWIV	102.1%	86.4%	118.2%	91.5%	98.5%
Skew 25d	-4.0%	-9.8%	4.2%	-9.8%	-8.3%
Skew 10d	22.6%	8.4%	38.2%	17.0%	8.4%
Call IV 25d	115.4%	106.4%	129.2%	116.4%	119.4%
Put IV 25d	111.3%	104.2%	120.3%	106.6%	111.0%
Bid-Ask Spread %	41.02	14.98	70.00	40.01	14.98
Gamma HHI	0.91	0.80	0.99	0.93	0.86
Net GEX	37.6K	4.5K	143.2K	33.3K	4.5K
Net DEX	800.8K	304.4K	1.2M	752.3K	878.1K
Net VEX	-14.6K	-15.9K	-13.4K	-15.6K	-13.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.69	0.00	29.71	0.90	0.00
Total Volume	2.105	0	20	4	0
Total OI	369.105	288	408	397	289

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
2007-09-04	$281.45	$294.41	90.1%	25.8%	94.9%	39.7%	91.5%	-9.8%	10.9%	33.3K	752.3K	-15.6K	0.90	40.01	2	2	243	154
2007-09-05	$275.56	$294.41	90.1%	25.8%	92.6%	39.6%	0.0%	0.8%	21.1%	32.5K	704.5K	-15.9K	0.00	70.00	0	0	243	154
2007-09-06	$284.99	$294.41	100.5%	28.8%	92.0%	48.4%	0.0%	3.1%	11.1%	34.1K	884.9K	-15.4K	0.00	54.36	0	0	243	154
2007-09-07	$283.81	$294.41	88.2%	25.3%	91.3%	38.1%	0.0%	-6.1%	11.8%	35.4K	876.6K	-15.1K	0.00	57.52	0	0	243	154
2007-09-10	$270.85	$294.41	100.4%	28.8%	92.5%	48.3%	107.8%	0.8%	-3.3%	32.6K	756.5K	-15.0K	0.00	56.96	20	0	243	154
2007-09-11	$266.14	$294.41	78.4%	22.5%	91.1%	29.9%	0.0%	-7.8%	29.0%	36.8K	1.1M	-13.9K	0.00	26.55	0	0	243	154
2007-09-12	$267.32	$294.41	82.5%	23.7%	91.2%	33.3%	86.4%	-2.3%	29.7%	37.3K	1.1M	-13.9K	0.03	27.76	0	0	243	152
2007-09-13	$272.03	$294.41	70.3%	20.2%	91.1%	23.1%	0.0%	-3.9%	38.4%	46.3K	1.1M	-13.7K	0.00	29.78	0	0	243	152
2007-09-14	$288.52	$294.41	106.7%	30.6%	72.9%	53.5%	0.0%	0.1%	37.6%	30.7K	768.5K	-14.1K	0.00	32.93	1	0	243	152
2007-09-17	$299.12	$294.41	114.3%	30.1%	62.7%	59.9%	104.8%	-5.2%	7.4%	57.5K	443.2K	-15.2K	0.00	43.14	1	0	244	152
2007-09-18	$300.29	$294.41	123.5%	31.6%	56.6%	67.6%	0.0%	-8.6%	0.1%	40.1K	304.4K	-15.3K	0.00	42.05	0	0	244	152
2007-09-19	$292.05	$294.41	121.9%	31.4%	55.5%	66.2%	107.7%	-8.9%	7.3%	56.9K	450.4K	-14.9K	29.71	34.30	0	13	244	152
2007-09-20	$283.81	$294.41	100.3%	31.9%	54.7%	48.2%	0.0%	-9.5%	2.4%	73.8K	1.1M	-14.8K	0.00	40.37	0	0	244	164
2007-09-21	$288.52	$294.41	69.7%	30.1%	54.6%	22.6%	118.2%	-8.9%	20.4%	143.2K	1.2M	-14.8K	4.00	41.11	0	0	244	164
2007-09-24	$286.16	$294.41	102.1%	29.3%	53.1%	49.7%	102.1%	4.2%	12.0%	4.9K	635.2K	-14.3K	0.63	53.99	0	0	155	133
2007-09-25	$282.63	$294.41	105.8%	30.3%	52.5%	52.8%	0.0%	-0.5%	8.1%	4.5K	697.6K	-14.2K	27.50	55.56	0	0	155	133
2007-09-26	$276.74	$294.41	104.1%	29.8%	51.0%	51.4%	0.0%	0.1%	14.0%	4.8K	684.0K	-14.0K	0.00	33.31	1	0	155	133
2007-09-27	$284.99	$294.41	101.2%	29.0%	51.7%	48.9%	98.5%	-5.8%	16.4%	4.9K	757.9K	-14.0K	0.00	24.68	0	0	156	133
2007-09-28	$279.10	$294.41	102.7%	29.4%	52.4%	50.2%	0.0%	-8.3%	-6.0%	4.5K	878.1K	-13.4K	0.00	14.98	0	0	156	133