AGQ Options History — August 2018

In August 2018, AGQ traded between $23.60 and $27.10. ATM implied volatility averaged 33.4%, placing in the 15.3% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded below realized volatility by 2.6% (HV 20d: 36.0%). Max pain ranged from $26.00 to $28.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 19 of 23 days. Put/call ratio averaged 0.45.

Notable Days

2018-08-15: Highest Volume — 3,561 contracts
2018-08-13: Largest IV spike — 24.8% change
2018-08-13: Highest IV Rank — 29.8%
2018-08-15: Largest Expected Move — 10.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.37	$23.60	$27.10	$26.95	$23.79
Max Pain	$26.96	$26.00	$28.00	$28.00	$26.00
ATM IV	33.4%	29.4%	38.1%	29.8%	32.0%
Expected Move	9.5%	8.4%	10.6%	8.5%	9.2%
HV 20d	36.0%	25.5%	44.9%	28.1%	44.4%
HV 60d	32.9%	28.8%	36.5%	29.9%	36.3%
IV Rank	15.3%	3.2%	29.8%	4.3%	11.3%
IV Percentile	38.3%	1.2%	86.5%	1.6%	19.0%
Term Structure	0.6%	-2.6%	1.7%	-2.6%	1.5%
VWIV	34.2%	30.0%	38.1%	30.0%	33.1%
Skew 25d	-0.4%	-2.9%	1.6%	1.3%	0.3%
Skew 10d	-2.2%	-7.7%	2.7%	-7.6%	-2.0%
Call IV 25d	34.2%	29.3%	38.6%	30.4%	32.6%
Put IV 25d	33.8%	28.7%	37.9%	31.7%	32.9%
Bid-Ask Spread %	27.37	13.68	66.76	66.76	23.06
Gamma HHI	0.20	0.14	0.26	0.14	0.15
Net GEX	234.5K	76.7K	360.8K	90.2K	181.4K
Net DEX	-283.3K	-3.7M	3.9M	448.2K	1.9M
Net VEX	-34.9K	-40.7K	-24.7K	-24.7K	-31.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.45	0.20	0.70	0.32	0.63
Total Volume	2,431.261	1,810	3,561	2,370	2,203
Total OI	15,626.13	10,474	18,503	10,474	18,420

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
2018-08-01	$26.95	$28.00	29.8%	8.5%	28.1%	4.3%	30.0%	1.3%	-2.6%	90.2K	448.2K	-24.7K	0.32	66.76	N/A	N/A	1,792	578	6,662	3,812
2018-08-02	$26.74	$28.00	31.3%	9.0%	27.8%	8.8%	31.6%	0.0%	1.0%	156.1K	53.6K	-30.0K	0.37	47.88	N/A	N/A	1,929	715	7,681	3,815
2018-08-03	$27.07	$28.00	29.4%	8.4%	28.4%	3.2%	30.2%	-0.6%	1.7%	238.0K	-1.5M	-34.7K	0.30	33.12	N/A	N/A	1,947	591	8,816	3,955
2018-08-06	$26.61	$28.00	31.2%	9.2%	28.2%	8.7%	32.9%	-1.5%	0.2%	205.6K	-703.9K	-33.3K	0.31	24.31	N/A	N/A	1,923	596	9,029	3,980
2018-08-07	$26.76	$28.00	32.0%	9.1%	28.5%	11.0%	33.4%	-2.9%	1.5%	229.0K	-1.3M	-34.2K	0.43	17.09	N/A	N/A	1,452	619	9,256	4,003
2018-08-08	$27.06	$28.00	31.6%	9.3%	26.7%	10.0%	34.5%	-1.8%	1.2%	270.6K	-2.5M	-35.9K	0.22	44.00	N/A	N/A	2,571	556	9,665	4,050
2018-08-09	$27.10	$28.00	30.3%	9.1%	25.5%	5.9%	34.4%	-2.3%	1.6%	360.8K	-3.7M	-40.7K	0.20	27.77	N/A	N/A	2,527	509	10,762	4,072
2018-08-10	$26.63	$28.00	30.5%	9.3%	25.6%	6.5%	35.1%	-1.7%	0.8%	292.8K	-2.4M	-38.5K	0.38	23.09	N/A	N/A	1,337	509	10,761	4,076
2018-08-13	$25.63	$28.00	38.1%	9.5%	28.4%	29.8%	35.0%	-2.1%	0.7%	181.2K	201.4K	-34.4K	0.31	21.73	N/A	N/A	2,391	747	10,848	4,085
2018-08-14	$25.77	$28.00	36.1%	9.4%	27.3%	23.8%	33.5%	-0.4%	0.7%	256.8K	-440.4K	-37.8K	0.62	20.91	N/A	N/A	1,325	819	11,886	4,289
2018-08-15	$23.60	$28.00	36.9%	10.6%	40.5%	26.3%	38.1%	-0.8%	0.9%	76.7K	3.9M	-29.9K	0.43	22.46	N/A	N/A	2,487	1,074	11,943	4,620
2018-08-16	$24.33	$26.00	36.3%	10.4%	41.8%	24.5%	36.9%	-0.8%	0.1%	207.1K	1.5M	-35.8K	0.70	18.30	N/A	N/A	1,394	977	13,339	4,653
2018-08-17	$24.82	$26.00	35.7%	10.2%	41.6%	22.5%	36.1%	1.1%	-0.4%	264.4K	606.0K	-38.5K	0.62	34.84	N/A	N/A	1,529	947	13,604	4,899
2018-08-20	$24.70	$26.00	34.7%	10.0%	41.5%	19.5%	35.5%	-0.7%	0.5%	259.6K	-587.6K	-37.8K	0.46	19.02	N/A	N/A	1,355	617	11,840	4,196
2018-08-21	$24.70	$26.00	34.4%	9.9%	41.1%	18.5%	34.5%	-0.1%	1.5%	265.3K	-347.1K	-36.6K	0.51	19.45	N/A	N/A	1,279	650	12,011	4,233
2018-08-22	$24.65	$26.00	34.9%	10.0%	40.3%	20.1%	34.9%	0.4%	1.7%	270.9K	-455.7K	-35.9K	0.43	30.68	N/A	N/A	1,264	546	12,135	4,225
2018-08-23	$23.82	$26.00	34.3%	9.8%	40.9%	18.2%	35.5%	1.3%	0.1%	181.2K	1.3M	-32.2K	0.37	30.86	N/A	N/A	1,457	535	12,187	4,304
2018-08-24	$24.79	$26.00	34.4%	9.9%	43.8%	18.6%	35.1%	-0.0%	0.6%	312.9K	-1.3M	-38.2K	0.47	13.68	N/A	N/A	1,741	812	12,518	4,342
2018-08-27	$25.05	$26.00	34.4%	9.9%	44.0%	18.5%	34.9%	1.6%	-0.3%	346.6K	-1.9M	-38.5K	0.62	19.53	N/A	N/A	1,475	917	12,758	4,551
2018-08-28	$24.43	$26.00	33.3%	9.6%	44.3%	15.2%	34.5%	0.7%	-2.4%	256.6K	-226.6K	-34.9K	0.68	37.21	N/A	N/A	1,187	811	12,737	4,569
2018-08-29	$24.63	$26.00	32.7%	9.4%	44.2%	13.3%	33.9%	0.2%	1.0%	281.3K	-390.7K	-34.8K	0.42	16.07	N/A	N/A	2,042	859	12,831	4,658
2018-08-30	$23.98	$26.00	32.9%	9.4%	44.9%	14.0%	32.6%	-0.7%	1.4%	209.4K	1.3M	-33.3K	0.65	17.74	N/A	N/A	1,413	915	13,545	4,780
2018-08-31	$23.79	$26.00	32.0%	9.2%	44.4%	11.3%	33.1%	0.3%	1.5%	181.4K	1.9M	-31.6K	0.63	23.06	N/A	N/A	1,354	849	13,596	4,824