AGEN Options History — March 2008

In March 2008, AGEN traded between $250.83 and $294.41. ATM implied volatility averaged 80.9%, placing in the 32.0% IV rank vs the trailing year. The 30-day expected move averaged 21.3%. IV traded above realized volatility by 10.7% (HV 20d: 70.2%). Max pain ranged from $294.41 to $588.81. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.49.

Notable Days

2008-03-12: Highest Volume — 9 contracts
2008-03-12: Largest IV spike — 61.0% change
2008-03-17: Highest IV Rank — 62.7%
2008-03-14: Largest Expected Move — 29.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$271.80	$250.83	$294.41	$266.14	$277.92
Max Pain	$441.61	$294.41	$588.81	$588.81	$294.41
ATM IV	80.9%	58.0%	117.6%	72.1%	77.5%
Expected Move	21.3%	16.6%	29.1%	20.7%	22.2%
HV 20d	70.2%	59.6%	75.0%	69.0%	72.0%
HV 60d	62.2%	58.7%	67.1%	58.7%	66.5%
IV Rank	32.0%	12.9%	62.7%	24.6%	29.2%
IV Percentile	41.5%	11.5%	86.1%	32.5%	34.9%
Term Structure	-8.9%	-36.9%	20.1%	-2.1%	-36.9%
VWIV	76.2%	57.2%	107.3%	83.9%	77.4%
Bid-Ask Spread %	61.13	23.86	94.94	82.38	63.92
Gamma HHI	0.59	0.46	0.80	0.78	0.48
Net GEX	3.1K	1.5K	4.8K	1.8K	4.1K
Net DEX	49.8K	-294.1K	243.2K	233.3K	-294.1K
Net VEX	-2.5K	-3.5K	-1.6K	-1.7K	-3.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.49	0.00	7.42	0.00	0.00
Total Volume	1.9	0	9	0	0
Total OI	44.1	37	53	39	42

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
2008-03-03	$266.14	$588.81	72.1%	20.7%	69.0%	24.6%	0.0%	0.0%	-2.1%	1.8K	233.3K	-1.7K	0.00	82.38	0	0	22	17
2008-03-04	$276.74	$588.81	78.1%	22.4%	69.6%	29.7%	0.0%	0.0%	1.2%	1.9K	242.8K	-1.7K	0.00	80.95	0	0	22	17
2008-03-05	$274.39	$588.81	58.0%	16.6%	68.1%	12.9%	0.0%	0.0%	9.5%	2.2K	228.1K	-1.8K	0.00	31.70	0	0	22	17
2008-03-06	$254.37	$588.81	83.3%	23.9%	73.0%	34.0%	0.0%	0.0%	-24.2%	1.7K	243.2K	-1.6K	0.00	82.88	0	0	22	17
2008-03-07	$256.72	$588.81	86.5%	24.8%	71.2%	36.7%	83.9%	0.0%	-7.1%	1.5K	226.6K	-1.6K	0.06	71.54	5	0	22	17
2008-03-10	$263.79	$588.81	82.3%	23.6%	70.3%	33.2%	0.0%	0.0%	8.5%	2.2K	173.6K	-2.2K	0.00	25.07	4	0	27	17
2008-03-11	$250.83	$588.81	61.7%	17.7%	72.7%	15.9%	0.0%	0.0%	20.1%	1.8K	163.9K	-2.2K	0.00	23.86	1	0	30	17
2008-03-12	$266.14	$588.81	99.3%	28.5%	75.0%	47.4%	101.2%	0.0%	-32.8%	2.8K	196.9K	-2.1K	7.42	73.75	1	8	30	17
2008-03-13	$260.26	$588.81	84.5%	24.2%	74.5%	35.0%	0.0%	0.0%	-25.3%	2.9K	131.6K	-2.3K	0.80	47.41	3	3	31	16
2008-03-14	$267.32	$588.81	101.7%	29.1%	71.0%	49.4%	107.3%	0.0%	-36.9%	3.2K	88.7K	-2.6K	0.00	94.94	3	0	33	16
2008-03-17	$270.85	$294.41	117.6%	20.9%	70.4%	62.7%	71.0%	0.0%	0.0%	3.7K	118.0K	-2.5K	0.00	71.12	0	0	36	16
2008-03-18	$280.27	$294.41	95.2%	19.9%	62.1%	44.0%	68.1%	0.0%	0.0%	4.4K	103.1K	-2.7K	0.00	67.93	1	0	36	16
2008-03-19	$292.05	$294.41	111.0%	19.2%	59.6%	57.2%	68.4%	0.0%	0.0%	4.8K	73.3K	-2.8K	0.05	69.93	1	0	37	16
2008-03-20	$264.97	$294.41	82.3%	19.0%	68.9%	33.2%	70.4%	0.0%	0.0%	3.3K	62.2K	-2.9K	0.00	61.41	1	0	37	16
2008-03-24	$268.50	$294.41	69.4%	19.9%	65.2%	22.4%	87.0%	0.0%	0.0%	3.3K	-164.8K	-2.7K	0.00	58.12	2	0	31	6
2008-03-25	$294.41	$294.41	67.4%	19.3%	72.9%	20.8%	73.8%	0.0%	0.0%	4.1K	-199.4K	-2.9K	0.00	40.13	3	0	33	6
2008-03-26	$282.63	$294.41	58.8%	16.8%	72.8%	13.5%	57.2%	0.0%	0.0%	4.3K	-156.8K	-2.7K	0.00	62.15	2	0	35	6
2008-03-27	$287.34	$294.41	61.9%	17.7%	73.0%	16.1%	58.4%	0.0%	0.0%	4.5K	-211.1K	-3.1K	0.00	50.42	0	0	36	6
2008-03-28	$280.27	$294.41	69.3%	19.9%	72.5%	22.3%	66.2%	0.0%	0.0%	4.2K	-263.9K	-3.4K	0.00	62.93	0	0	36	6
2008-03-31	$277.92	$294.41	77.5%	22.2%	72.0%	29.2%	77.4%	0.0%	0.0%	4.1K	-294.1K	-3.5K	0.00	63.92	0	0	36	6