AGQ Options History — December 2025

In December 2025, AGQ traded between $108.03 and $199.62. ATM implied volatility averaged 100.3%, placing in the 82.0% IV rank vs the trailing year. The 30-day expected move averaged 29.7%. IV traded above realized volatility by 13.9% (HV 20d: 86.4%). Max pain ranged from $42.00 to $60.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.52.

Notable Days

2025-12-26: Highest Volume — 46,129 contracts
2025-12-26: Largest IV spike — 31.6% change
2025-12-23: Highest IV Rank — 100.0%
2025-12-26: Largest Expected Move — 44.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$139.61	$108.03	$199.62	$113.09	$155.66
Max Pain	$46.55	$42.00	$60.00	$58.00	$49.00
ATM IV	100.3%	78.1%	146.5%	98.5%	129.8%
Expected Move	29.7%	22.1%	44.3%	31.5%	40.1%
HV 20d	86.4%	75.4%	136.8%	81.4%	136.8%
HV 60d	86.1%	79.8%	108.0%	80.0%	108.0%
IV Rank	82.0%	57.8%	100.0%	91.4%	83.9%
IV Percentile	97.4%	92.1%	100.0%	99.2%	98.8%
Term Structure	-0.6%	-7.9%	5.6%	3.0%	-1.9%
VWIV	104.2%	78.0%	154.4%	108.3%	141.3%
Skew 25d	-11.2%	-20.4%	-0.0%	-19.0%	-15.5%
Skew 10d	-19.8%	-45.9%	-2.3%	-28.3%	-22.7%
Call IV 25d	107.5%	88.3%	152.4%	106.9%	139.7%
Put IV 25d	96.3%	72.8%	144.2%	87.9%	124.1%
Bid-Ask Spread %	67.44	56.54	77.78	76.84	56.54
Gamma HHI	0.06	0.02	0.35	0.05	0.02
Net GEX	2.9M	948.6K	6.4M	1.8M	948.6K
Net DEX	-638.2M	-1.12B	-432.4M	-463.7M	-621.5M
Net VEX	-624.8K	-990.2K	-498.0K	-521.7K	-990.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.52	0.19	1.32	0.31	0.66
Total Volume	13,900.682	3,253	46,129	10,688	26,942
Total OI	79,061.364	66,660	102,923	66,660	102,923

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
2025-12-01	$113.09	$58.00	98.5%	31.5%	81.4%	91.4%	108.3%	-19.0%	3.0%	1.8M	-463.7M	-521.7K	0.31	76.84	N/A	N/A	8,163	2,525	49,414	17,246
2025-12-02	$115.19	$60.00	91.4%	28.9%	80.7%	79.8%	100.9%	-10.1%	1.7%	2.5M	-484.8M	-499.6K	0.39	73.32	N/A	N/A	3,648	1,426	53,211	18,551
2025-12-03	$113.80	$60.00	89.9%	28.0%	77.9%	77.4%	97.6%	-8.1%	0.5%	2.6M	-478.5M	-530.0K	0.34	76.71	N/A	N/A	2,946	1,007	54,351	19,115
2025-12-04	$108.03	$42.00	78.6%	22.7%	81.4%	58.7%	84.0%	-12.7%	-2.6%	2.3M	-432.4M	-534.0K	0.34	62.10	N/A	N/A	3,567	1,218	55,303	19,693
2025-12-05	$113.59	$42.00	79.5%	23.4%	81.8%	60.2%	83.2%	-13.8%	-0.8%	3.3M	-491.4M	-512.1K	0.50	69.78	N/A	N/A	5,838	2,912	56,333	19,988
2025-12-08	$112.09	$43.00	78.1%	22.1%	82.6%	57.8%	78.0%	-17.4%	-3.8%	2.3M	-456.0M	-519.8K	1.32	65.46	N/A	N/A	1,402	1,851	52,672	17,070
2025-12-09	$122.12	$44.00	89.6%	25.7%	82.6%	76.8%	89.5%	-13.9%	-0.3%	2.6M	-532.9M	-499.9K	0.80	68.12	N/A	N/A	5,797	4,650	53,292	17,929
2025-12-10	$126.65	$44.00	88.3%	26.7%	82.9%	74.7%	90.2%	-6.5%	5.6%	2.9M	-566.3M	-498.0K	0.75	77.78	N/A	N/A	3,109	2,333	54,171	21,074
2025-12-11	$133.02	$44.00	87.6%	25.5%	79.6%	73.5%	87.2%	-10.3%	0.5%	3.0M	-616.0M	-503.4K	0.44	69.61	N/A	N/A	8,428	3,729	54,759	21,941
2025-12-12	$125.19	$44.00	88.2%	25.6%	81.8%	74.6%	90.0%	-11.4%	2.1%	1.7M	-539.9M	-523.2K	0.42	64.49	N/A	N/A	9,803	4,136	56,151	23,538
2025-12-15	$133.09	$44.00	96.1%	27.6%	77.3%	87.5%	94.2%	-11.5%	-3.7%	2.4M	-597.4M	-558.8K	0.97	64.89	N/A	N/A	6,213	6,009	55,150	18,542
2025-12-16	$132.74	$44.00	89.8%	25.8%	75.4%	77.2%	93.4%	-6.9%	1.5%	2.6M	-595.8M	-588.8K	0.68	63.20	N/A	N/A	4,257	2,894	57,999	20,739
2025-12-17	$144.31	$44.00	98.5%	28.2%	78.4%	91.5%	99.5%	-14.6%	-1.8%	3.3M	-710.1M	-592.6K	0.33	70.15	N/A	N/A	9,696	3,203	59,992	21,406
2025-12-18	$139.06	$44.00	94.2%	27.0%	81.3%	84.4%	94.5%	-15.8%	1.6%	3.5M	-661.1M	-629.3K	0.35	66.51	N/A	N/A	6,310	2,191	61,565	22,711
2025-12-19	$147.30	$44.00	97.9%	28.1%	80.3%	90.4%	100.2%	-3.4%	0.1%	4.8M	-747.9M	-643.5K	0.51	72.41	N/A	N/A	9,469	4,859	63,678	23,154
2025-12-22	$153.26	$44.00	98.4%	28.8%	77.5%	91.3%	101.6%	-7.8%	-0.6%	2.7M	-662.5M	-644.3K	0.24	70.96	N/A	N/A	10,132	2,448	53,892	17,853
2025-12-23	$165.17	$45.00	108.3%	31.6%	78.2%	100.0%	108.7%	-1.4%	-2.0%	3.4M	-803.5M	-682.5K	0.31	71.69	N/A	N/A	11,605	3,609	59,524	19,432
2025-12-24	$168.17	$45.00	111.3%	32.3%	77.1%	100.0%	115.7%	-0.0%	0.5%	3.9M	-841.0M	-745.5K	0.19	61.32	N/A	N/A	12,222	2,306	63,027	22,050
2025-12-26	$199.62	$45.00	146.5%	44.3%	90.5%	100.0%	154.4%	-8.2%	-7.9%	6.4M	-1.12B	-746.7K	0.44	59.88	N/A	N/A	32,004	14,125	64,917	23,567
2025-12-29	$166.02	$47.00	129.8%	39.4%	115.6%	83.9%	138.5%	-17.5%	-3.7%	2.3M	-712.6M	-841.7K	0.56	59.05	N/A	N/A	18,359	10,312	59,397	20,670
2025-12-30	$184.18	$48.00	135.3%	40.8%	118.5%	89.3%	142.2%	-20.4%	-1.6%	3.4M	-902.5M	-939.9K	0.60	62.86	N/A	N/A	17,593	10,569	66,609	24,751
2025-12-31	$155.66	$49.00	129.8%	40.1%	136.8%	83.9%	141.3%	-15.5%	-1.9%	948.6K	-621.5M	-990.2K	0.66	56.54	N/A	N/A	16,184	10,758	73,521	29,402