AGQ Options History — July 2013

In July 2013, AGQ traded between $15.72 and $18.47. ATM implied volatility averaged 67.7%, placing in the 54.0% IV rank vs the trailing year. The 30-day expected move averaged 18.5%. IV traded below realized volatility by 24.7% (HV 20d: 92.4%). Max pain ranged from $15.00 to $17.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.47.

Notable Days

2013-07-11: Highest Volume — 15,839 contracts
2013-07-30: Largest IV spike — 12.7% change
2013-07-01: Highest IV Rank — 80.2%
2013-07-01: Largest Expected Move — 21.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$17.17	$15.72	$18.47	$17.03	$17.27
Max Pain	$16.14	$15.00	$17.00	$17.00	$16.00
ATM IV	67.7%	57.6%	84.3%	84.3%	80.3%
Expected Move	18.5%	16.5%	21.3%	21.3%	18.9%
HV 20d	92.4%	70.7%	105.9%	95.3%	70.7%
HV 60d	80.8%	72.7%	94.6%	93.6%	75.6%
IV Rank	54.0%	37.9%	80.2%	80.2%	73.9%
IV Percentile	80.2%	62.3%	97.6%	97.6%	95.2%
Term Structure	-0.5%	-3.7%	2.4%	-2.8%	-2.1%
VWIV	65.3%	58.3%	76.5%	76.5%	68.9%
Skew 25d	7.6%	3.8%	13.6%	13.6%	6.1%
Skew 10d	14.2%	6.8%	29.0%	29.0%	10.5%
Call IV 25d	62.7%	57.0%	71.7%	71.1%	63.5%
Put IV 25d	70.3%	62.4%	84.7%	84.7%	69.6%
Bid-Ask Spread %	16.15	10.70	20.15	16.99	19.64
Gamma HHI	0.21	0.07	0.73	0.23	0.09
Net GEX	678.0K	271.0K	1.7M	833.9K	479.7K
Net DEX	10.4M	115.1K	19.9M	1.4M	11.9M
Net VEX	-197.0K	-221.9K	-169.2K	-190.3K	-211.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.47	0.21	1.27	0.27	0.40
Total Volume	6,775.955	2,107	15,839	15,610	10,337
Total OI	96,087.318	82,028	103,206	95,048	94,987

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
2013-07-01	$17.03	$17.00	84.3%	21.3%	95.3%	80.2%	76.5%	13.6%	-2.8%	833.9K	1.4M	-190.3K	0.27	16.99	N/A	N/A	12,309	3,301	64,994	30,054
2013-07-02	$16.55	$17.00	75.0%	19.9%	95.4%	65.5%	72.2%	13.1%	-0.6%	938.9K	5.6M	-186.1K	0.21	20.15	N/A	N/A	4,872	1,021	67,938	32,123
2013-07-03	$17.12	$17.00	73.5%	20.5%	96.9%	63.1%	72.5%	12.3%	-2.1%	986.9K	1.3M	-199.6K	0.29	16.34	N/A	N/A	2,451	704	66,889	32,527
2013-07-05	$15.72	$15.00	77.4%	20.9%	99.4%	69.2%	71.8%	10.1%	-3.7%	316.8K	17.5M	-169.2K	0.76	17.45	N/A	N/A	5,349	4,090	66,906	32,908
2013-07-08	$16.06	$15.00	78.2%	20.5%	95.4%	70.5%	70.7%	12.1%	-2.0%	377.6K	15.8M	-175.4K	0.76	18.82	N/A	N/A	2,732	2,065	60,340	30,618
2013-07-09	$16.34	$15.00	72.6%	19.7%	94.8%	61.7%	68.6%	11.2%	-2.0%	480.6K	14.5M	-177.3K	0.60	11.54	N/A	N/A	2,155	1,295	62,004	31,881
2013-07-10	$16.16	$16.00	66.7%	19.6%	94.7%	52.4%	68.1%	9.2%	-0.8%	545.5K	15.0M	-175.1K	0.39	10.70	N/A	N/A	2,345	909	63,182	32,487
2013-07-11	$17.99	$16.00	64.6%	18.5%	103.8%	49.1%	65.2%	6.4%	-1.1%	730.6K	115.1K	-202.2K	0.66	13.78	N/A	N/A	9,545	6,294	64,216	33,111
2013-07-12	$17.49	$16.00	63.1%	18.1%	104.0%	46.6%	63.1%	5.7%	-0.2%	840.4K	7.0M	-200.7K	0.41	18.95	N/A	N/A	3,167	1,308	67,394	35,740
2013-07-15	$17.59	$17.00	60.4%	17.3%	103.4%	42.3%	62.3%	5.4%	1.7%	736.7K	10.1M	-198.8K	0.22	16.36	N/A	N/A	5,019	1,114	63,309	33,642
2013-07-16	$17.72	$17.00	60.2%	17.2%	103.5%	42.0%	61.4%	5.5%	0.7%	1.0M	7.2M	-202.5K	0.30	14.77	N/A	N/A	3,195	955	66,121	34,079
2013-07-17	$16.48	$17.00	66.1%	19.0%	105.9%	51.4%	64.7%	5.0%	-0.4%	685.7K	18.8M	-180.9K	0.33	16.62	N/A	N/A	7,708	2,508	66,393	34,180
2013-07-18	$16.56	$17.00	60.5%	17.3%	105.9%	42.5%	61.4%	7.8%	-0.4%	776.9K	19.9M	-178.2K	0.81	15.75	N/A	N/A	2,460	1,990	67,073	34,321
2013-07-19	$16.82	$17.00	59.7%	17.1%	86.9%	41.2%	63.6%	8.3%	1.1%	1.7M	19.4M	-181.8K	0.39	15.72	N/A	N/A	5,024	1,979	67,885	35,321
2013-07-22	$18.47	$15.00	63.1%	18.1%	91.8%	46.6%	62.6%	4.8%	-2.3%	271.0K	7.9M	-216.4K	0.28	10.78	N/A	N/A	10,423	2,881	52,705	29,323
2013-07-23	$18.45	$15.00	60.4%	17.3%	90.2%	42.4%	62.0%	5.7%	0.1%	700.5K	3.5M	-221.9K	0.44	16.42	N/A	N/A	4,361	1,904	59,311	30,151
2013-07-24	$17.91	$16.00	59.1%	17.0%	90.9%	40.3%	62.0%	5.6%	-0.5%	668.3K	7.0M	-215.8K	1.27	17.56	N/A	N/A	2,714	3,455	61,558	31,233
2013-07-25	$17.96	$16.00	57.6%	16.5%	81.0%	37.9%	58.3%	5.4%	2.4%	716.7K	7.7M	-220.3K	0.27	15.95	N/A	N/A	2,059	566	62,077	33,221
2013-07-26	$17.66	$16.00	62.7%	16.7%	81.3%	46.0%	59.2%	5.8%	1.0%	346.3K	10.8M	-213.6K	0.64	16.80	N/A	N/A	4,067	2,594	63,116	33,597
2013-07-29	$17.31	$16.00	68.0%	17.3%	71.3%	54.3%	60.8%	3.8%	0.4%	321.9K	13.0M	-209.7K	0.25	17.86	N/A	N/A	3,003	736	58,812	32,369
2013-07-30	$17.10	$16.00	76.6%	17.5%	71.5%	68.0%	61.4%	3.9%	1.4%	415.7K	13.3M	-207.2K	0.47	16.38	N/A	N/A	1,437	670	61,006	32,819
2013-07-31	$17.27	$16.00	80.3%	18.9%	70.7%	73.9%	68.9%	6.1%	-2.1%	479.7K	11.9M	-211.6K	0.40	19.64	N/A	N/A	7,403	2,934	61,760	33,227