AGYS Options History — March 2011

In March 2011, AGYS traded between $4.81 and $5.74. ATM implied volatility averaged 81.5%, placing in the 33.5% IV rank vs the trailing year. The 30-day expected move averaged 22.4%. IV traded above realized volatility by 25.5% (HV 20d: 56.0%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 1 of 23 days. Put/call ratio averaged 0.00.

Notable Days

2011-03-08: Highest Volume — 30 contracts
2011-03-08: Largest IV spike — 37.8% change
2011-03-09: Highest IV Rank — 48.8%
2011-03-31: Largest Expected Move — 29.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.24	$4.81	$5.74	$5.10	$5.74
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	81.5%	64.5%	106.1%	86.9%	101.4%
Expected Move	22.4%	18.5%	29.1%	24.9%	29.1%
HV 20d	56.0%	35.8%	69.9%	68.3%	35.8%
HV 60d	55.9%	52.2%	64.5%	63.9%	52.2%
IV Rank	33.5%	23.0%	48.8%	36.9%	45.8%
IV Percentile	58.6%	27.8%	92.1%	75.0%	89.3%
Term Structure	-12.6%	-36.7%	0.5%	-13.6%	-36.7%
VWIV	69.1%	54.2%	84.1%	84.1%	54.2%
Bid-Ask Spread %	143.23	133.72	149.99	142.08	136.41
Gamma HHI	0.54	0.47	0.80	0.50	0.51
Net GEX	202	-91	862	29	270
Net DEX	-13.9K	-23.9K	-3.9K	-3.9K	-23.4K
Net VEX	-223	-247	-194	-205	-223
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	2.739	0	30	10	0
Total OI	287.13	246	315	277	269

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	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2011-03-01	$5.10	$5.00	86.9%	24.9%	68.3%	36.9%	84.1%	0.0%	-13.6%	29	-3.9K	-205	142.08	N/A	N/A	10	0	187	90
2011-03-02	$5.13	$5.00	82.8%	23.8%	68.4%	34.3%	0.0%	0.0%	-14.3%	101	-5.3K	-194	133.72	N/A	N/A	0	0	195	90
2011-03-03	$5.34	$5.00	79.9%	22.9%	69.9%	32.5%	0.0%	0.0%	-18.7%	175	-9.9K	-199	143.98	N/A	N/A	0	0	195	90
2011-03-04	$5.31	$5.00	86.0%	20.3%	66.5%	36.3%	0.0%	0.0%	0.5%	183	-11.1K	-200	142.78	N/A	N/A	0	0	195	90
2011-03-07	$5.11	$5.00	74.7%	20.0%	66.9%	29.3%	0.0%	0.0%	-4.3%	163	-6.5K	-213	143.78	N/A	N/A	0	0	195	90
2011-03-08	$5.17	$5.00	103.0%	21.7%	66.5%	46.8%	0.0%	0.0%	-8.8%	229	-9.3K	-222	136.66	N/A	N/A	30	0	195	90
2011-03-09	$5.03	$5.00	106.1%	20.7%	66.5%	48.8%	0.0%	0.0%	-1.6%	284	-16.0K	-243	149.56	N/A	N/A	0	0	225	90
2011-03-10	$4.97	$5.00	73.7%	21.1%	66.5%	28.6%	0.0%	0.0%	-0.7%	263	-15.2K	-247	149.56	N/A	N/A	0	0	225	90
2011-03-11	$4.93	$5.00	74.9%	21.5%	54.7%	29.4%	0.0%	0.0%	-1.8%	267	-14.7K	-246	149.70	N/A	N/A	0	0	225	90
2011-03-14	$5.11	$5.00	80.3%	23.0%	56.6%	32.8%	0.0%	0.0%	-16.7%	343	-15.4K	-227	138.25	N/A	N/A	0	0	225	90
2011-03-15	$4.97	$5.00	79.2%	22.7%	51.9%	32.1%	0.0%	0.0%	-3.5%	266	-14.0K	-237	149.70	N/A	N/A	0	0	225	90
2011-03-16	$4.81	$5.00	79.3%	22.7%	52.2%	32.1%	0.0%	0.0%	-8.0%	244	-10.5K	-225	146.85	N/A	N/A	0	0	225	90
2011-03-17	$4.96	$5.00	79.6%	22.8%	54.2%	32.3%	0.0%	0.0%	-6.3%	862	-9.1K	-223	145.86	N/A	N/A	0	0	225	90
2011-03-18	$5.14	$5.00	79.3%	22.7%	56.3%	32.2%	0.0%	0.0%	-12.6%	485	-23.9K	-219	145.82	N/A	N/A	0	0	225	90
2011-03-21	$5.18	$5.00	64.5%	18.5%	56.4%	23.0%	54.2%	0.0%	-9.3%	74	-10.9K	-209	149.99	N/A	N/A	0	20	176	70
2011-03-22	$5.29	$5.00	66.9%	19.2%	55.0%	24.4%	0.0%	0.0%	-14.0%	-91	-9.9K	-221	147.14	N/A	N/A	0	0	176	90
2011-03-23	$5.34	$5.00	70.1%	20.1%	54.3%	26.4%	0.0%	0.0%	-15.7%	-53	-11.5K	-231	147.30	N/A	N/A	1	0	176	90
2011-03-24	$5.48	$5.00	74.4%	21.3%	54.8%	29.1%	0.0%	0.0%	-17.2%	26	-20.2K	-244	138.09	N/A	N/A	0	0	177	90
2011-03-25	$5.50	$5.00	83.4%	23.9%	53.5%	34.7%	0.0%	0.0%	-19.9%	108	-17.4K	-236	139.99	N/A	N/A	0	0	177	90
2011-03-28	$5.59	$5.00	65.6%	18.8%	37.8%	23.6%	0.0%	0.0%	-19.7%	33	-19.1K	-216	140.05	N/A	N/A	0	0	177	90
2011-03-29	$5.61	$5.00	90.0%	25.8%	37.6%	38.8%	0.0%	0.0%	-23.1%	124	-21.0K	-235	139.76	N/A	N/A	0	0	177	90
2011-03-30	$5.73	$5.00	92.7%	26.6%	38.1%	40.5%	0.0%	0.0%	-23.0%	264	-21.1K	-215	137.20	N/A	N/A	2	0	177	90
2011-03-31	$5.74	$5.00	101.4%	29.1%	35.8%	45.8%	0.0%	0.0%	-36.7%	270	-23.4K	-223	136.41	N/A	N/A	0	0	179	90