AGQ Options History — March 2020

In March 2020, AGQ traded between $13.26 and $29.36. ATM implied volatility averaged 94.0%, placing in the 71.5% IV rank vs the trailing year. The 30-day expected move averaged 26.7%. IV traded below realized volatility by 16.1% (HV 20d: 110.0%). Max pain ranged from $21.00 to $31.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.52.

Notable Days

  • 2020-03-13: Highest Volume — 2,321 contracts
  • 2020-03-13: Largest IV spike — 103.8% change
  • 2020-03-13: Highest IV Rank — 100.0%
  • 2020-03-18: Largest Expected Move — 47.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.44$13.26$29.36$26.99$18.48
Max Pain$25.64$21.00$31.00$31.00$23.00
ATM IV94.0%43.9%165.4%43.9%81.8%
Expected Move26.7%12.6%47.4%12.6%23.4%
HV 20d110.0%62.2%159.9%62.2%152.7%
HV 60d72.7%46.4%98.0%46.9%98.0%
IV Rank71.5%40.3%100.0%45.9%40.3%
IV Percentile94.5%75.8%100.0%75.8%95.2%
Term Structure-8.2%-35.3%17.5%0.2%10.0%
VWIV98.1%45.6%215.4%45.6%83.3%
Skew 25d-4.2%-47.4%41.6%-4.5%4.4%
Skew 10d10.4%-37.7%134.7%-9.2%24.8%
Call IV 25d102.2%41.3%218.0%50.9%82.4%
Put IV 25d98.0%37.1%204.6%46.4%86.8%
Bid-Ask Spread %93.7856.13111.7593.5492.08
Gamma HHI0.090.040.180.130.05
Net GEX162.5K18.1K404.8K343.1K56.3K
Net DEX1.1M-3.4M7.0M3.4M-1.0M
Net VEX-45.4K-71.8K-25.4K-55.3K-34.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.043.480.630.21
Total Volume682.9091192,321889119
Total OI18,719.1829,96823,57621,71110,912

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$26.99$31.0043.9%12.6%62.2%45.9%45.6%-4.5%0.2%343.1K3.4M-55.3K0.6393.54N/AN/A54734215,4736,238
2020-03-03$28.33$31.0053.4%15.3%64.1%64.7%53.0%13.1%-19.7%350.6K-932.6K-66.5K0.4692.31N/AN/A70532315,3496,467
2020-03-04$28.61$31.0046.9%13.5%64.3%49.9%48.2%-2.7%-9.4%404.8K302.4K-64.5K0.1191.97N/AN/A1331415,4746,776
2020-03-05$29.36$29.0060.8%15.0%65.1%81.8%54.4%-15.6%-5.3%379.8K-3.4M-71.8K0.2456.13N/AN/A2475915,4676,769
2020-03-06$28.91$29.0063.6%15.7%64.5%88.3%56.4%-7.4%-6.4%373.3K-534.8K-66.0K0.0473.60N/AN/A5862615,5516,791
2020-03-09$27.69$29.0050.3%15.9%66.0%57.7%57.8%-17.5%-6.7%320.8K447.0K-66.0K1.00103.71N/AN/A32732615,6826,806
2020-03-10$27.52$28.0056.4%14.6%65.8%71.8%50.1%-7.7%-3.5%366.8K2.5M-59.0K0.8982.35N/AN/A32028615,8676,735
2020-03-11$27.04$28.0045.6%13.1%65.8%46.8%46.7%8.0%4.9%328.6K4.4M-53.6K0.04111.75N/AN/A159715,8906,650
2020-03-12$23.60$28.0058.1%16.7%80.4%75.8%68.8%-35.4%12.1%124.0K7.0M-45.8K3.4894.60N/AN/A3111,08215,9246,580
2020-03-13$20.16$28.00118.5%34.0%94.6%100.0%127.6%-47.4%-35.3%70.8K6.5M-43.5K1.89104.23N/AN/A8041,51716,0417,030
2020-03-16$15.38$26.00109.2%31.3%128.8%90.0%116.9%2.9%-7.2%33.5K5.8M-28.3K0.19108.75N/AN/A61712016,4256,300
2020-03-17$15.22$25.00127.4%36.5%124.9%100.0%126.2%41.6%-28.2%28.3K5.0M-31.1K0.1793.79N/AN/A5649516,8436,365
2020-03-18$13.26$25.00165.4%47.4%127.7%100.0%215.4%-13.5%-26.0%18.2K4.7M-26.7K0.1496.51N/AN/A4446317,1636,413
2020-03-19$13.94$25.00113.3%32.5%131.4%62.8%130.5%15.8%17.5%18.1K2.8M-25.4K0.36105.11N/AN/A53819317,3484,672
2020-03-20$14.50$21.00130.8%37.5%133.0%75.3%142.8%12.2%-17.5%28.0K2.5M-28.1K0.67102.06N/AN/A26317717,5984,624
2020-03-23$16.26$21.00146.7%42.1%143.3%86.7%142.5%-11.7%-19.9%35.8K-830.4K-31.7K0.16100.17N/AN/A509797,3182,650
2020-03-24$18.87$21.00128.9%36.9%157.2%73.9%126.3%-13.7%1.6%50.4K-2.5M-38.7K0.10100.47N/AN/A875857,6762,698
2020-03-25$19.97$21.00128.8%36.9%159.9%73.9%126.6%-17.6%-14.3%65.1K-3.3M-42.5K0.2594.34N/AN/A5511378,0082,728
2020-03-26$19.60$21.00109.9%31.5%159.9%60.4%107.4%-1.7%8.2%62.5K-3.2M-42.1K0.08100.25N/AN/A322267,9812,794
2020-03-27$19.55$21.00116.3%33.4%154.3%65.0%119.9%8.1%-16.3%60.7K-2.7M-41.4K0.2084.68N/AN/A5411078,0212,813
2020-03-30$18.49$22.00111.1%31.8%154.6%61.2%112.1%-1.1%-19.4%54.1K-1.5M-36.4K0.1580.70N/AN/A416628,0042,908
2020-03-31$18.48$23.0081.8%23.4%152.7%40.3%83.3%4.4%10.0%56.3K-1.0M-34.6K0.2192.08N/AN/A98217,9612,951