AGQ Options History — August 2016

In August 2016, AGQ traded between $45.49 and $56.63. ATM implied volatility averaged 49.6%, placing in the 31.1% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded above realized volatility by 3.7% (HV 20d: 45.9%). Max pain ranged from $40.00 to $50.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 0.73.

Notable Days

2016-08-11: Highest Volume — 6,186 contracts
2016-08-31: Largest IV drop — 16.8% change
2016-08-30: Highest IV Rank — 59.9%
2016-08-02: Largest Expected Move — 16.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$50.56	$45.49	$56.63	$55.64	$45.91
Max Pain	$43.91	$40.00	$50.00	$50.00	$45.00
ATM IV	49.6%	44.1%	58.6%	56.8%	48.8%
Expected Move	13.7%	12.5%	16.5%	15.8%	13.1%
HV 20d	45.9%	38.8%	50.3%	48.9%	39.2%
HV 60d	49.9%	48.7%	50.9%	50.3%	50.4%
IV Rank	31.1%	13.5%	59.9%	53.9%	28.3%
IV Percentile	34.6%	2.4%	84.5%	80.2%	32.9%
Term Structure	0.2%	-14.9%	4.9%	-1.0%	1.2%
VWIV	48.6%	39.0%	58.2%	56.9%	47.3%
Skew 25d	-4.5%	-9.4%	2.7%	-7.5%	-1.9%
Skew 10d	-11.5%	-24.2%	-2.1%	-12.2%	-10.6%
Call IV 25d	54.4%	47.9%	70.8%	62.2%	52.8%
Put IV 25d	49.9%	43.0%	73.5%	54.6%	50.9%
Bid-Ask Spread %	84.02	65.28	97.60	70.59	84.33
Gamma HHI	0.11	0.07	0.17	0.10	0.10
Net GEX	558.9K	248.6K	844.9K	581.9K	248.6K
Net DEX	-20.4M	-34.6M	-8.9M	-31.6M	-9.2M
Net VEX	-107.0K	-118.7K	-91.7K	-116.2K	-92.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.73	0.30	1.17	0.72	1.04
Total Volume	3,803.478	465	6,186	4,513	3,459
Total OI	18,744.826	16,093	20,749	16,093	19,631

Daily Data (23 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
2016-08-01	$55.64	$50.00	56.8%	15.8%	48.9%	53.9%	56.9%	-7.5%	-1.0%	581.9K	-31.6M	-116.2K	0.72	70.59	N/A	N/A	2,628	1,885	11,251	4,842
2016-08-02	$56.63	$50.00	57.9%	16.5%	48.9%	57.5%	58.2%	-5.0%	-0.7%	618.8K	-34.6M	-118.7K	0.55	65.28	N/A	N/A	3,395	1,881	11,857	5,407
2016-08-03	$55.48	$50.00	55.6%	15.0%	49.4%	50.2%	53.3%	-6.8%	-1.2%	724.0K	-32.3M	-118.7K	0.68	74.11	N/A	N/A	2,988	2,035	12,990	5,713
2016-08-04	$55.10	$40.00	53.0%	15.2%	47.1%	41.9%	53.5%	-7.0%	-1.1%	549.5K	-29.5M	-118.0K	0.62	87.73	N/A	N/A	3,053	1,885	13,166	6,126
2016-08-05	$51.63	$40.00	49.8%	14.0%	49.4%	31.7%	52.3%	-5.5%	0.0%	509.0K	-15.6M	-109.3K	0.72	87.59	N/A	N/A	2,897	2,091	13,252	6,397
2016-08-08	$51.64	$40.00	48.4%	13.7%	49.2%	27.3%	49.9%	-6.8%	-0.8%	497.1K	-20.7M	-111.9K	0.68	85.77	N/A	N/A	2,192	1,480	12,207	5,376
2016-08-09	$52.34	$40.00	46.8%	13.4%	49.2%	22.2%	48.5%	-5.7%	-0.0%	512.8K	-22.2M	-109.1K	0.64	88.63	N/A	N/A	2,208	1,419	12,449	5,501
2016-08-10	$53.98	$40.00	48.4%	14.5%	49.4%	27.2%	50.1%	-6.0%	1.8%	646.4K	-28.0M	-111.2K	0.54	88.54	N/A	N/A	2,747	1,470	12,497	5,554
2016-08-11	$52.86	$40.00	47.9%	14.4%	49.7%	25.7%	50.4%	-9.4%	3.4%	604.4K	-25.2M	-115.2K	0.33	90.10	N/A	N/A	4,635	1,551	13,112	5,621
2016-08-12	$51.50	$40.00	45.4%	13.0%	50.1%	17.7%	45.4%	-6.8%	0.4%	531.5K	-22.7M	-116.2K	0.60	93.87	N/A	N/A	3,060	1,828	14,965	5,784
2016-08-15	$52.15	$45.00	44.8%	12.9%	50.3%	15.7%	46.9%	-3.7%	1.7%	811.4K	-27.6M	-115.0K	0.64	91.88	N/A	N/A	2,407	1,538	14,346	5,303
2016-08-16	$51.92	$40.00	45.6%	13.1%	49.9%	18.3%	39.0%	-3.8%	3.3%	844.9K	-27.3M	-114.8K	0.66	92.10	N/A	N/A	2,477	1,644	14,454	5,339
2016-08-17	$51.18	$45.00	45.1%	12.9%	46.2%	16.7%	46.3%	-2.0%	4.9%	791.3K	-22.7M	-108.2K	0.81	97.60	N/A	N/A	311	253	14,261	5,369
2016-08-18	$51.62	$45.00	44.1%	12.5%	43.0%	13.5%	44.7%	-3.3%	2.8%	746.5K	-24.4M	-110.8K	0.30	92.31	N/A	N/A	359	106	14,318	5,507
2016-08-19	$49.32	$45.00	45.7%	12.7%	45.2%	18.7%	47.7%	-6.9%	4.1%	627.5K	-16.1M	-105.2K	0.83	90.09	N/A	N/A	2,167	1,802	14,497	5,580
2016-08-22	$47.23	$45.00	48.9%	13.4%	47.4%	28.7%	50.4%	-1.0%	0.1%	527.6K	-13.7M	-97.7K	0.62	71.86	N/A	N/A	2,287	1,424	13,092	4,683
2016-08-23	$47.21	$45.00	49.6%	13.5%	46.9%	31.0%	47.2%	-3.5%	1.4%	507.1K	-14.0M	-98.3K	0.70	72.31	N/A	N/A	1,941	1,365	12,708	4,921
2016-08-24	$45.49	$45.00	50.7%	13.5%	39.4%	34.5%	44.4%	-5.0%	0.4%	438.6K	-10.4M	-91.7K	1.17	76.25	N/A	N/A	406	474	13,013	4,967
2016-08-25	$45.50	$45.00	49.8%	13.7%	39.5%	31.5%	47.5%	-2.2%	0.7%	426.8K	-9.7M	-93.6K	0.70	78.09	N/A	N/A	2,217	1,558	13,241	5,211
2016-08-26	$45.88	$45.00	48.6%	13.0%	38.8%	27.9%	46.3%	2.7%	-0.4%	499.7K	-11.5M	-98.6K	1.12	89.55	N/A	N/A	2,336	2,624	13,409	5,210
2016-08-29	$46.84	$45.00	50.5%	13.0%	40.0%	34.1%	45.8%	-3.5%	-0.3%	306.8K	-11.6M	-97.7K	0.94	79.89	N/A	N/A	1,799	1,698	12,796	5,951
2016-08-30	$45.73	$45.00	58.6%	13.3%	39.1%	59.9%	45.1%	-2.5%	-14.9%	301.5K	-8.9M	-92.6K	1.14	84.11	N/A	N/A	1,637	1,863	13,164	6,093
2016-08-31	$45.91	$45.00	48.8%	13.1%	39.2%	28.3%	47.3%	-1.9%	1.2%	248.6K	-9.2M	-92.8K	1.04	84.33	N/A	N/A	1,696	1,763	13,275	6,356