AGQ Options History — December 2014

In December 2014, AGQ traded between $37.68 and $45.34. ATM implied volatility averaged 62.5%, placing in the 70.2% IV rank vs the trailing year. The 30-day expected move averaged 16.9%. IV traded below realized volatility by 19.3% (HV 20d: 81.8%). Max pain ranged from $39.00 to $50.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 1.08.

Notable Days

2014-12-09: Highest Volume — 7,582 contracts
2014-12-16: Largest IV spike — 18.0% change
2014-12-16: Highest IV Rank — 100.0%
2014-12-17: Largest Expected Move — 19.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$40.86	$37.68	$45.34	$42.23	$38.05
Max Pain	$43.29	$39.00	$50.00	$50.00	$39.00
ATM IV	62.5%	53.5%	78.0%	72.0%	65.5%
Expected Move	16.9%	14.2%	19.0%	17.8%	18.2%
HV 20d	81.8%	63.1%	88.8%	86.3%	67.6%
HV 60d	62.1%	58.3%	65.9%	58.5%	65.9%
IV Rank	70.2%	48.0%	100.0%	95.0%	73.4%
IV Percentile	92.3%	70.6%	100.0%	99.6%	96.4%
Term Structure	-1.5%	-7.6%	5.3%	1.1%	-3.5%
VWIV	58.6%	52.8%	66.6%	53.4%	61.5%
Skew 25d	6.8%	-0.9%	13.7%	11.9%	10.2%
Skew 10d	12.0%	3.9%	26.7%	19.4%	4.0%
Call IV 25d	59.5%	52.2%	67.6%	60.9%	61.2%
Put IV 25d	66.3%	60.3%	74.8%	72.8%	71.4%
Bid-Ask Spread %	55.52	33.82	89.07	68.90	62.56
Gamma HHI	0.06	0.04	0.16	0.04	0.06
Net GEX	200.5K	-84.0K	685.1K	160.2K	-84.0K
Net DEX	-12.8M	-31.1M	16.5M	-18.0M	12.3M
Net VEX	-95.4K	-121.1K	-66.6K	-111.4K	-66.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.08	0.22	4.43	0.88	0.61
Total Volume	5,233	475	7,582	7,307	1,435
Total OI	32,197.273	18,405	37,879	34,899	19,254

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
2014-12-01	$42.23	$50.00	72.0%	17.8%	86.3%	95.0%	53.4%	11.9%	1.1%	160.2K	-18.0M	-111.4K	0.88	68.90	N/A	N/A	3,882	3,425	22,464	12,435
2014-12-02	$41.92	$50.00	65.5%	17.2%	86.3%	80.0%	60.1%	8.7%	-2.0%	336.2K	-20.3M	-113.1K	0.94	44.71	N/A	N/A	3,632	3,405	23,605	12,755
2014-12-03	$41.86	$50.00	63.1%	16.8%	86.1%	74.6%	52.8%	6.4%	-5.8%	427.4K	-20.0M	-107.2K	0.97	46.73	N/A	N/A	3,514	3,425	23,874	12,870
2014-12-04	$42.04	$50.00	62.8%	16.8%	78.2%	73.8%	58.2%	6.3%	3.2%	492.4K	6.0M	-96.7K	0.88	44.16	N/A	N/A	252	223	17,185	8,741
2014-12-05	$41.29	$50.00	59.5%	16.7%	78.4%	66.2%	60.5%	2.5%	5.3%	183.2K	-17.0M	-105.3K	1.08	48.36	N/A	N/A	3,054	3,285	23,950	13,025
2014-12-08	$41.65	$50.00	59.4%	16.6%	77.3%	66.0%	61.1%	4.1%	-0.1%	210.1K	-17.0M	-101.4K	0.97	51.64	N/A	N/A	3,102	3,015	22,510	12,424
2014-12-09	$45.04	$50.00	62.4%	16.1%	80.5%	72.8%	53.8%	10.4%	-7.6%	382.5K	-28.0M	-115.4K	0.80	50.39	N/A	N/A	4,223	3,359	23,204	12,746
2014-12-10	$45.34	$0.00	60.2%	16.6%	80.2%	67.9%	59.5%	0.2%	-4.7%	648.8K	-31.1M	-121.1K	0.96	86.23	N/A	N/A	3,494	3,347	24,473	13,112
2014-12-11	$45.16	$40.00	60.2%	16.1%	80.1%	67.8%	58.1%	13.7%	-2.3%	685.1K	-30.5M	-116.3K	1.00	33.82	N/A	N/A	3,591	3,592	24,458	13,239
2014-12-12	$45.00	$40.00	57.7%	16.6%	79.9%	62.1%	60.2%	9.7%	-0.2%	216.2K	-28.8M	-114.6K	0.93	39.31	N/A	N/A	3,780	3,527	24,381	13,498
2014-12-15	$40.56	$40.00	66.2%	17.7%	84.0%	81.6%	58.1%	10.5%	-3.5%	99.1K	-15.2M	-103.3K	1.06	48.32	N/A	N/A	3,016	3,192	22,691	12,516
2014-12-16	$38.32	$40.00	78.0%	17.9%	86.2%	100.0%	64.4%	-0.9%	-7.4%	-3.7K	-7.6M	-97.0K	0.81	60.68	N/A	N/A	3,434	2,776	22,971	13,112
2014-12-17	$38.45	$40.00	69.5%	19.0%	86.1%	81.9%	66.6%	9.6%	-2.6%	-5.5K	-8.0M	-92.1K	0.94	58.49	N/A	N/A	3,116	2,943	23,078	13,133
2014-12-18	$39.14	$40.00	67.1%	16.4%	86.4%	76.8%	59.8%	7.1%	-4.3%	49.6K	-9.6M	-86.5K	1.06	53.20	N/A	N/A	2,850	3,028	23,252	13,240
2014-12-19	$39.80	$40.00	58.6%	16.0%	86.6%	58.8%	55.5%	6.8%	1.2%	189.4K	16.5M	-72.4K	4.43	34.36	N/A	N/A	242	1,072	16,446	8,976
2014-12-22	$37.68	$40.00	59.9%	17.9%	88.1%	61.6%	60.0%	6.5%	-0.3%	34.0K	-13.4M	-77.8K	1.13	70.87	N/A	N/A	2,366	2,662	17,963	10,683
2014-12-23	$38.05	$40.00	60.0%	16.8%	88.2%	61.8%	60.0%	1.9%	2.2%	53.3K	-13.4M	-80.6K	0.86	55.10	N/A	N/A	2,581	2,232	18,299	11,041
2014-12-24	$38.25	$40.00	55.7%	16.0%	87.5%	52.8%	57.6%	7.5%	1.1%	164.8K	-13.8M	-82.2K	0.96	49.98	N/A	N/A	2,358	2,254	18,785	11,108
2014-12-26	$39.73	$40.00	53.5%	14.2%	88.8%	48.0%	55.9%	9.4%	-5.5%	89.4K	-17.6M	-82.4K	1.01	89.07	N/A	N/A	2,366	2,400	18,926	11,171
2014-12-29	$38.54	$40.00	60.4%	17.3%	74.6%	62.7%	58.2%	0.7%	1.6%	12.1K	-15.3M	-81.3K	1.22	59.27	N/A	N/A	2,045	2,486	17,836	10,505
2014-12-30	$40.82	$40.00	58.1%	16.7%	63.1%	57.7%	54.3%	5.7%	0.9%	71.2K	9.2M	-73.7K	0.22	65.22	N/A	N/A	939	206	11,245	7,160
2014-12-31	$38.05	$39.00	65.5%	18.2%	67.6%	73.4%	61.5%	10.2%	-3.5%	-84.0K	12.3M	-66.6K	0.61	62.56	N/A	N/A	890	545	11,977	7,277