AGEN Options History — December 2007

In December 2007, AGEN traded between $236.70 and $267.32. ATM implied volatility averaged 106.2%, placing in the 53.2% IV rank vs the trailing year. The 30-day expected move averaged 30.8%. IV traded above realized volatility by 61.4% (HV 20d: 44.8%). Max pain ranged from $294.41 to $588.81. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.13.

Notable Days

2007-12-05: Highest Volume — 7 contracts
2007-12-28: Largest IV spike — 60.2% change
2007-12-17: Highest IV Rank — 86.0%
2007-12-17: Largest Expected Move — 41.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$247.95	$236.70	$267.32	$247.30	$240.24
Max Pain	$529.93	$294.41	$588.81	$294.41	$588.81
ATM IV	106.2%	70.8%	145.4%	74.7%	109.6%
Expected Move	30.8%	20.3%	41.7%	21.4%	31.4%
HV 20d	44.8%	41.8%	48.3%	48.3%	46.4%
HV 60d	56.8%	55.7%	58.1%	56.6%	58.1%
IV Rank	53.2%	23.5%	86.0%	26.8%	55.9%
IV Percentile	72.5%	31.9%	98.8%	39.0%	82.8%
Term Structure	2.8%	-31.2%	43.3%	43.3%	19.5%
VWIV	115.9%	71.0%	148.8%	75.3%	114.5%
Skew 25d	11.9%	-18.2%	54.9%	17.0%	-2.8%
Skew 10d	20.3%	-12.4%	37.6%	31.7%	-4.4%
Call IV 25d	104.9%	70.5%	127.4%	100.2%	115.0%
Put IV 25d	116.8%	84.0%	145.2%	117.1%	112.2%
Bid-Ask Spread %	24.73	9.20	49.05	18.98	9.20
Gamma HHI	0.96	0.81	0.99	0.81	0.99
Net GEX	-17.8K	-27.7K	-3.5K	-3.7K	-22.6K
Net DEX	3.0M	2.6M	3.4M	2.7M	2.8M
Net VEX	-6.0K	-8.0K	-3.1K	-8.0K	-4.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.13	0.00	0.69	0.37	0.04
Total Volume	1.4	0	7	2	0
Total OI	337.75	291	359	358	291

Daily Data (20 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
2007-12-03	$247.30	$294.41	74.7%	21.4%	48.3%	26.8%	75.3%	17.0%	43.3%	-3.7K	2.7M	-8.0K	0.37	18.98	1	1	167	191
2007-12-04	$250.83	$294.41	77.7%	22.3%	47.4%	29.3%	0.0%	12.3%	40.0%	-3.5K	2.8M	-7.8K	0.00	18.98	3	0	168	191
2007-12-05	$255.54	$294.41	71.0%	20.3%	44.4%	23.6%	71.0%	10.8%	36.5%	-18.6K	3.0M	-7.2K	0.12	21.43	6	1	166	191
2007-12-06	$253.19	$294.41	105.1%	30.1%	41.8%	52.2%	0.0%	9.6%	-3.8%	-7.9K	2.7M	-7.7K	0.00	49.05	0	0	162	192
2007-12-07	$267.32	$588.81	93.6%	29.2%	46.6%	42.6%	0.0%	11.3%	4.0%	-10.2K	2.8M	-8.0K	0.00	40.94	0	0	162	192
2007-12-10	$263.79	$588.81	126.5%	30.3%	46.8%	70.1%	105.9%	9.4%	-8.6%	-10.1K	2.7M	-7.6K	0.69	17.68	1	1	162	192
2007-12-11	$247.30	$588.81	107.0%	32.5%	46.4%	53.8%	121.6%	-1.8%	-16.3%	-21.1K	2.9M	-6.7K	0.05	38.14	2	0	161	192
2007-12-12	$253.19	$588.81	92.5%	35.5%	44.7%	41.7%	123.2%	13.1%	-16.2%	-20.1K	3.1M	-6.5K	0.00	38.97	0	0	160	192
2007-12-13	$248.48	$588.81	125.5%	36.0%	44.5%	69.3%	125.5%	14.4%	-13.4%	-19.7K	3.0M	-6.4K	0.00	45.75	4	0	160	192
2007-12-14	$240.24	$588.81	121.5%	34.8%	45.7%	66.0%	0.0%	9.1%	-9.8%	-19.8K	3.0M	-6.0K	0.00	21.10	0	0	160	192
2007-12-17	$244.95	$588.81	145.4%	41.7%	44.1%	86.0%	148.8%	17.9%	-31.2%	-17.4K	3.0M	-5.9K	0.20	13.98	2	0	160	192
2007-12-18	$242.59	$588.81	140.2%	40.2%	43.2%	81.6%	141.2%	17.1%	-21.6%	-18.4K	2.9M	-6.0K	0.18	14.95	1	0	160	192
2007-12-19	$243.77	$588.81	138.3%	39.6%	43.3%	79.9%	139.0%	15.3%	-24.5%	-19.3K	2.9M	-5.9K	0.00	15.38	1	0	159	191
2007-12-20	$243.77	$588.81	132.6%	38.0%	43.2%	75.2%	133.1%	10.6%	-20.6%	-20.2K	3.1M	-5.6K	0.01	20.72	2	0	160	191
2007-12-21	$241.41	$588.81	105.1%	30.1%	42.3%	52.2%	115.2%	-18.2%	-8.1%	-24.1K	3.4M	-4.9K	0.09	26.62	1	0	159	191
2007-12-24	$249.66	$588.81	97.3%	27.9%	44.2%	45.6%	132.8%	54.9%	35.7%	-22.3K	2.6M	-5.3K	0.04	36.55	0	0	120	171
2007-12-26	$241.41	$588.81	77.3%	22.1%	45.0%	28.9%	75.5%	13.6%	26.4%	-27.7K	3.3M	-3.6K	0.33	11.88	0	0	120	171
2007-12-27	$236.70	$588.81	70.8%	20.3%	42.4%	23.5%	0.0%	0.0%	38.2%	-23.7K	3.4M	-3.1K	0.00	11.75	0	0	120	171
2007-12-28	$247.30	$588.81	113.3%	32.5%	45.4%	59.1%	114.5%	-2.8%	-12.7%	-26.0K	3.0M	-4.4K	0.04	22.59	1	0	120	171
2007-12-31	$240.24	$588.81	109.6%	31.4%	46.4%	55.9%	0.0%	0.0%	19.5%	-22.6K	2.8M	-4.2K	0.00	9.20	0	0	120	171