AGQ Options History — May 2013

In May 2013, AGQ traded between $22.10 and $26.27. ATM implied volatility averaged 68.4%, placing in the 55.0% IV rank vs the trailing year. The 30-day expected move averaged 18.3%. IV traded below realized volatility by 10.8% (HV 20d: 79.1%). Max pain ranged from $26.00 to $37.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 0.76.

Notable Days

2013-05-20: Highest Volume — 17,562 contracts
2013-05-15: Largest IV spike — 33.2% change
2013-05-01: Highest IV Rank — 93.5%
2013-05-22: Largest Expected Move — 22.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.02	$22.10	$26.27	$25.33	$22.10
Max Pain	$31.09	$26.00	$37.00	$26.00	$28.00
ATM IV	68.4%	56.7%	92.7%	92.7%	66.4%
Expected Move	18.3%	15.2%	22.3%	20.1%	18.9%
HV 20d	79.1%	48.8%	122.1%	121.7%	53.9%
HV 60d	75.7%	74.3%	77.7%	74.4%	77.7%
IV Rank	55.0%	36.4%	93.5%	93.5%	51.9%
IV Percentile	87.9%	67.9%	99.6%	99.6%	86.9%
Term Structure	-5.9%	-9.6%	-2.6%	-8.3%	-3.5%
VWIV	64.2%	53.2%	76.6%	72.1%	65.2%
Skew 25d	9.5%	6.3%	12.6%	10.0%	8.0%
Skew 10d	19.3%	11.6%	25.5%	18.3%	17.9%
Call IV 25d	60.9%	52.0%	73.3%	66.0%	63.6%
Put IV 25d	70.3%	58.3%	85.3%	76.0%	71.6%
Bid-Ask Spread %	17.59	10.16	40.10	25.39	10.16
Gamma HHI	0.12	0.05	0.31	0.09	0.09
Net GEX	190.8K	-451.4K	863.6K	234.5K	276.0K
Net DEX	36.5M	26.7M	54.7M	35.5M	37.0M
Net VEX	-212.2K	-237.2K	-175.1K	-235.5K	-194.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.76	0.34	1.54	1.05	0.63
Total Volume	6,307.455	2,302	17,562	8,551	6,644
Total OI	98,191.091	80,181	106,951	98,802	98,347

Daily Data (22 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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2013-05-01	$25.33	$26.00	92.7%	20.1%	121.7%	93.5%	72.1%	10.0%	-8.3%	234.5K	35.5M	-235.5K	1.05	25.39	N/A	N/A	4,177	4,374	62,884	35,918
2013-05-02	$25.68	$26.00	68.4%	18.2%	122.1%	55.1%	64.1%	8.3%	-6.9%	326.0K	33.1M	-236.9K	0.62	22.66	N/A	N/A	1,726	1,073	63,958	37,659
2013-05-03	$26.27	$26.00	62.3%	17.2%	121.8%	45.3%	59.7%	7.6%	-4.2%	256.6K	29.0M	-237.2K	0.81	30.47	N/A	N/A	4,056	3,267	64,132	37,988
2013-05-06	$26.05	$37.00	64.3%	15.2%	121.8%	48.5%	53.2%	6.3%	-2.6%	260.8K	33.9M	-232.9K	0.85	20.85	N/A	N/A	1,242	1,060	60,774	35,431
2013-05-07	$25.91	$36.00	68.9%	16.0%	119.3%	55.8%	57.7%	7.0%	-4.9%	234.9K	34.8M	-226.7K	1.15	10.94	N/A	N/A	3,251	3,743	61,421	36,151
2013-05-08	$25.90	$36.00	56.7%	15.8%	119.4%	36.4%	55.4%	8.3%	-4.1%	334.0K	34.7M	-231.5K	0.34	12.12	N/A	N/A	2,912	996	63,010	37,861
2013-05-09	$25.33	$36.00	59.5%	16.0%	119.3%	40.9%	56.4%	6.6%	-5.6%	142.4K	38.9M	-222.3K	1.21	15.27	N/A	N/A	1,544	1,866	63,171	38,367
2013-05-10	$25.58	$35.00	59.5%	15.5%	114.1%	41.0%	54.5%	7.5%	-4.2%	-115.1K	39.0M	-220.3K	0.78	14.02	N/A	N/A	3,866	3,019	63,659	39,689
2013-05-13	$25.20	$35.00	63.6%	16.1%	50.3%	47.4%	55.8%	7.2%	-4.1%	45.6K	39.6M	-218.6K	0.50	14.42	N/A	N/A	1,608	801	62,192	37,738
2013-05-14	$24.66	$35.00	64.1%	16.4%	48.8%	48.2%	58.3%	8.5%	-4.5%	-42.3K	42.4M	-211.1K	0.83	14.14	N/A	N/A	1,752	1,458	63,179	38,041
2013-05-15	$22.92	$34.00	85.4%	19.5%	54.8%	82.0%	69.1%	12.6%	-9.6%	-318.7K	51.4M	-188.4K	0.90	11.30	N/A	N/A	5,327	4,801	63,894	38,605
2013-05-16	$23.25	$32.00	63.8%	18.3%	55.2%	47.8%	63.1%	12.4%	-7.7%	-451.4K	49.5M	-188.4K	0.95	13.52	N/A	N/A	3,800	3,623	65,091	39,198
2013-05-17	$22.14	$32.00	67.4%	19.3%	57.6%	53.5%	67.6%	11.7%	-9.6%	-410.5K	54.7M	-175.1K	1.54	14.04	N/A	N/A	2,685	4,123	66,816	40,135
2013-05-20	$23.77	$31.00	70.2%	20.1%	63.2%	57.9%	71.1%	11.8%	-8.3%	89.3K	32.9M	-205.2K	0.39	10.55	N/A	N/A	12,644	4,918	48,501	31,680
2013-05-21	$22.52	$30.00	73.2%	21.0%	64.7%	62.6%	73.6%	11.4%	-6.8%	322.1K	32.3M	-202.5K	0.63	12.19	N/A	N/A	5,223	3,312	56,523	34,245
2013-05-22	$22.26	$29.00	77.7%	22.3%	64.1%	69.8%	76.6%	12.1%	-7.4%	372.9K	30.9M	-212.8K	0.57	25.08	N/A	N/A	5,509	3,136	59,377	36,327
2013-05-23	$23.00	$28.00	71.4%	20.5%	55.5%	59.8%	73.8%	10.8%	-5.3%	738.1K	26.7M	-216.8K	0.52	40.10	N/A	N/A	2,743	1,430	61,379	37,197
2013-05-24	$22.45	$28.00	71.9%	20.6%	55.2%	60.5%	69.3%	10.2%	-6.9%	484.7K	31.5M	-207.5K	0.70	34.53	N/A	N/A	2,923	2,045	62,162	37,749
2013-05-28	$22.32	$28.00	71.2%	20.4%	52.8%	59.5%	68.8%	10.2%	-7.0%	153.3K	34.7M	-198.4K	0.85	10.89	N/A	N/A	3,350	2,864	55,706	34,422
2013-05-29	$22.67	$28.00	62.9%	18.0%	53.5%	46.3%	64.4%	10.3%	-3.1%	400.7K	32.7M	-199.9K	0.39	11.58	N/A	N/A	2,045	800	58,096	36,011
2013-05-30	$23.24	$28.00	63.1%	18.1%	51.9%	46.6%	62.5%	9.5%	-4.4%	863.6K	28.0M	-206.3K	0.43	12.83	N/A	N/A	4,919	2,109	59,295	36,225
2013-05-31	$22.10	$28.00	66.4%	18.9%	53.9%	51.9%	65.2%	8.0%	-3.5%	276.0K	37.0M	-194.5K	0.63	10.16	N/A	N/A	4,069	2,575	61,050	37,297