AGQ Options History — January 2014

In January 2014, AGQ traded between $15.90 and $64.85. ATM implied volatility averaged 52.8%, placing in the 30.4% IV rank vs the trailing year. The 30-day expected move averaged 16.1%. IV traded below realized volatility by 105.4% (HV 20d: 158.3%). Max pain ranged from $16.00 to $58.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.57.

Notable Days

2014-01-17: Highest Volume — 19,493 contracts
2014-01-27: Largest IV spike — 8.5% change
2014-01-08: Highest IV Rank — 34.5%
2014-01-07: Largest Expected Move — 16.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$28.18	$15.90	$64.85	$16.58	$60.84
Max Pain	$23.63	$16.00	$58.00	$16.00	$35.00
ATM IV	52.8%	49.7%	55.4%	54.8%	55.2%
Expected Move	16.1%	15.4%	16.7%	16.5%	15.8%
HV 20d	158.3%	44.9%	479.7%	59.7%	479.4%
HV 60d	108.0%	49.7%	281.0%	50.0%	280.9%
IV Rank	30.4%	25.4%	34.5%	33.5%	34.1%
IV Percentile	28.6%	20.2%	37.7%	35.7%	37.7%
Term Structure	-0.4%	-2.7%	3.2%	-0.8%	-2.5%
VWIV	56.9%	54.8%	58.7%	58.7%	56.2%
Skew 25d	3.1%	-1.1%	5.9%	1.9%	-1.1%
Skew 10d	5.4%	-6.4%	11.3%	1.3%	6.6%
Call IV 25d	52.9%	49.4%	56.3%	56.1%	56.3%
Put IV 25d	56.0%	51.0%	58.9%	58.1%	55.2%
Bid-Ask Spread %	13.08	8.49	24.77	9.05	11.35
Gamma HHI	0.16	0.08	0.45	0.09	0.12
Net GEX	884.3K	0	2.0M	955.6K	218.4K
Net DEX	-827.7K	-16.2M	12.7M	2.7M	-1.6M
Net VEX	-177.0K	-241.8K	0	-233.9K	-27.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.57	0.15	2.50	0.24	2.50
Total Volume	5,555.7	402	19,493	6,415	1,076
Total OI	94,257.3	0	139,505	125,792	4,174

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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2014-01-02	$16.58	$16.00	54.8%	16.5%	59.7%	33.5%	58.7%	1.9%	-0.8%	955.6K	2.7M	-233.9K	0.24	9.05	N/A	N/A	5,184	1,231	88,046	37,746
2014-01-03	$16.93	$16.00	50.6%	16.6%	56.1%	26.8%	58.5%	3.9%	1.9%	1.4M	-891.6K	-239.5K	0.24	10.89	N/A	N/A	4,849	1,159	89,903	38,391
2014-01-06	$16.93	$16.00	52.9%	16.7%	54.6%	30.5%	58.3%	4.3%	-0.2%	1.0M	354.3K	-239.2K	0.90	11.22	N/A	N/A	3,207	2,888	89,661	35,764
2014-01-07	$16.40	$16.00	54.3%	16.7%	55.9%	32.6%	58.3%	4.6%	0.7%	895.2K	6.5M	-225.1K	0.64	11.15	N/A	N/A	3,804	2,426	91,663	37,130
2014-01-08	$15.90	$16.00	55.4%	16.6%	55.3%	34.5%	58.0%	3.0%	-0.9%	596.5K	12.7M	-213.7K	0.62	13.12	N/A	N/A	3,423	2,137	93,094	38,787
2014-01-09	$15.90	$16.00	54.3%	16.5%	51.4%	32.7%	58.6%	4.5%	-2.1%	639.3K	12.2M	-215.2K	0.56	10.76	N/A	N/A	1,870	1,044	94,884	39,738
2014-01-10	$16.84	$16.00	51.9%	16.1%	55.8%	28.9%	56.8%	2.4%	-2.2%	900.1K	403.9K	-237.6K	0.23	10.14	N/A	N/A	7,156	1,643	96,134	40,133
2014-01-13	$17.36	$16.00	52.6%	15.9%	48.7%	30.0%	56.1%	3.0%	-0.4%	1.1M	-4.2M	-241.8K	0.39	12.88	N/A	N/A	8,635	3,336	92,887	38,002
2014-01-14	$16.91	$16.00	51.8%	15.7%	49.6%	28.8%	56.2%	3.4%	-1.3%	1.3M	-2.4M	-235.7K	0.98	12.50	N/A	N/A	3,274	3,204	97,704	40,155
2014-01-15	$16.86	$16.00	51.4%	16.0%	48.8%	28.2%	56.1%	5.9%	0.2%	985.0K	-341.6K	-229.2K	0.51	10.52	N/A	N/A	1,436	736	96,381	41,255
2014-01-16	$16.75	$16.00	51.8%	16.0%	48.8%	28.8%	56.1%	4.0%	-0.8%	860.9K	361.3K	-227.5K	0.61	10.65	N/A	N/A	2,347	1,442	97,107	41,631
2014-01-17	$17.04	$16.00	49.7%	15.9%	49.0%	25.4%	57.2%	1.6%	-1.4%	1.6M	-5.5M	-238.0K	0.16	11.06	N/A	N/A	16,826	2,667	97,324	42,181
2014-01-21	$16.43	$16.00	51.5%	15.5%	44.9%	28.2%	55.3%	0.8%	2.6%	1.3M	-8.7M	-223.7K	0.40	16.81	N/A	N/A	6,714	2,695	65,083	23,142
2014-01-22	$16.22	$16.00	51.8%	16.1%	45.0%	28.8%	57.5%	4.2%	0.7%	1.6M	-9.1M	-231.1K	0.22	10.00	N/A	N/A	2,289	510	69,689	25,384
2014-01-23	$16.61	$16.00	50.8%	16.0%	45.6%	27.2%	57.5%	0.1%	3.2%	2.0M	-16.2M	-241.2K	0.15	14.69	N/A	N/A	6,130	908	70,867	25,699
2014-01-27	$63.72	$0.00	55.1%	16.0%	478.5%	34.0%	56.9%	3.9%	-0.8%	0	0	0	0.44	8.49	N/A	N/A	279	123	0	0
2014-01-28	$63.51	$58.00	53.6%	15.8%	479.0%	31.5%	55.5%	3.4%	-0.3%	25.1K	-444.8K	-3.9K	0.65	24.77	N/A	N/A	1,012	657	257	122
2014-01-29	$64.85	$58.00	53.3%	15.6%	479.1%	31.1%	54.8%	4.4%	-2.7%	99.3K	-1.7M	-15.2K	0.48	21.41	N/A	N/A	1,056	505	1,194	725
2014-01-30	$61.04	$58.00	54.1%	15.4%	479.7%	32.3%	55.4%	3.5%	-1.8%	151.8K	-827.7K	-21.0K	0.49	20.12	N/A	N/A	831	405	2,047	1,062
2014-01-31	$60.84	$35.00	55.2%	15.8%	479.4%	34.1%	56.2%	-1.1%	-2.5%	218.4K	-1.6M	-27.0K	2.50	11.35	N/A	N/A	307	769	2,741	1,433