AGYS Options History — July 2011

In July 2011, AGYS traded between $8.33 and $9.83. ATM implied volatility averaged 61.7%, placing in the 12.1% IV rank vs the trailing year. The 30-day expected move averaged 15.8%. IV traded above realized volatility by 26.1% (HV 20d: 35.7%). Max pain ranged from $5.00 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.40.

Notable Days

2011-07-21: Highest Volume — 1,201 contracts
2011-07-11: Largest IV spike — 29.1% change
2011-07-12: Highest IV Rank — 42.0%
2011-07-18: Largest Expected Move — 17.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$9.18	$8.33	$9.83	$8.33	$9.57
Max Pain	$8.50	$5.00	$10.00	$5.00	$10.00
ATM IV	61.7%	46.0%	104.9%	47.9%	46.0%
Expected Move	15.8%	13.2%	17.6%	13.7%	13.2%
HV 20d	35.7%	29.0%	43.4%	43.4%	38.9%
HV 60d	88.3%	87.3%	89.1%	89.1%	88.5%
IV Rank	12.1%	1.2%	42.0%	2.5%	1.2%
IV Percentile	19.0%	0.8%	90.9%	1.6%	0.8%
Term Structure	-0.3%	-6.7%	14.5%	-6.3%	5.1%
VWIV	52.8%	45.7%	61.5%	45.7%	52.3%
Skew 25d	6.2%	-11.3%	23.2%	-7.2%	-11.3%
Skew 10d	13.1%	-16.7%	57.3%	-11.2%	-16.7%
Call IV 25d	51.3%	41.5%	62.4%	55.0%	53.1%
Put IV 25d	57.5%	41.8%	74.5%	47.8%	41.8%
Bid-Ask Spread %	102.66	88.60	115.13	115.13	108.09
Gamma HHI	0.78	0.43	0.99	0.86	0.99
Net GEX	9.1K	74	32.9K	1.5K	32.9K
Net DEX	-228.2K	-530.7K	-51.4K	-147.0K	-401.1K
Net VEX	-476	-1.4K	-125	-169	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.40	0.00	2.00	0.00	0.00
Total Volume	67.95	0	1,201	0	10
Total OI	571.3	148	1,289	298	1,289

Daily Data (20 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
2011-07-01	$8.33	$5.00	47.9%	13.7%	43.4%	2.5%	0.0%	-7.2%	-6.3%	1.5K	-147.0K	-169	0.00	115.13	N/A	N/A	0	0	220	78
2011-07-05	$8.34	$7.50	55.7%	17.3%	40.2%	7.9%	0.0%	18.1%	-6.7%	1.5K	-149.4K	-157	0.00	105.83	N/A	N/A	0	0	220	78
2011-07-06	$8.36	$7.50	60.7%	16.9%	35.0%	11.4%	0.0%	16.6%	-4.7%	1.5K	-149.3K	-155	0.00	104.77	N/A	N/A	8	0	220	78
2011-07-07	$8.43	$7.50	61.9%	14.8%	35.0%	12.2%	0.0%	1.8%	10.8%	1.4K	-154.9K	-159	0.00	111.93	N/A	N/A	0	0	225	78
2011-07-08	$8.50	$7.50	69.7%	15.1%	31.9%	17.6%	0.0%	14.9%	4.3%	1.4K	-157.5K	-152	0.00	107.50	N/A	N/A	0	0	225	78
2011-07-11	$8.73	$7.50	90.0%	15.3%	29.4%	31.7%	0.0%	3.8%	14.5%	1.2K	-165.7K	-128	0.00	93.05	N/A	N/A	3	0	225	78
2011-07-12	$8.74	$7.50	104.9%	16.7%	29.0%	42.0%	0.0%	6.8%	-5.0%	622	-170.2K	-125	2.00	97.66	N/A	N/A	15	30	222	78
2011-07-13	$9.39	$7.50	77.9%	15.2%	36.4%	23.3%	0.0%	17.6%	1.8%	461	-182.9K	-187	0.00	97.41	N/A	N/A	3	0	226	108
2011-07-14	$9.67	$7.50	57.6%	16.5%	36.9%	9.3%	0.0%	21.4%	-6.7%	494	-188.3K	-168	0.00	88.60	N/A	N/A	15	0	223	108
2011-07-15	$9.44	$7.50	54.9%	15.7%	38.7%	7.4%	45.7%	23.2%	-0.7%	350	-180.4K	-177	0.00	97.68	N/A	N/A	5	0	219	108
2011-07-18	$9.39	$7.50	61.4%	17.6%	37.3%	11.9%	61.5%	18.0%	-5.5%	395	-51.4K	-166	1.43	93.55	N/A	N/A	7	10	83	65
2011-07-19	$9.78	$10.00	59.3%	17.0%	37.5%	10.4%	47.7%	1.4%	-4.0%	210	-51.8K	-163	0.00	102.05	N/A	N/A	0	10	83	75
2011-07-20	$9.83	$10.00	59.1%	16.9%	35.2%	10.2%	0.0%	2.7%	-4.2%	74	-53.4K	-162	0.00	106.19	N/A	N/A	9	0	83	85
2011-07-21	$9.71	$10.00	56.5%	16.2%	32.4%	8.5%	56.6%	2.7%	-1.0%	161	-55.6K	-195	0.00	101.98	N/A	N/A	1,201	0	92	85
2011-07-22	$9.62	$10.00	53.0%	15.2%	33.1%	6.0%	53.1%	-1.2%	2.8%	28.0K	-493.6K	-1.4K	1.00	102.84	N/A	N/A	10	10	1,192	85
2011-07-25	$9.61	$10.00	59.5%	17.1%	33.2%	10.6%	0.0%	2.5%	-3.4%	26.6K	-530.7K	-1.3K	0.00	101.13	N/A	N/A	3	0	1,192	85
2011-07-26	$9.62	$10.00	58.4%	16.7%	33.1%	9.8%	0.0%	1.9%	-2.2%	27.4K	-505.1K	-1.3K	0.00	105.53	N/A	N/A	0	0	1,194	85
2011-07-27	$9.19	$10.00	46.5%	13.3%	38.2%	1.6%	0.0%	-6.8%	2.5%	27.1K	-391.6K	-1.1K	0.00	104.24	N/A	N/A	0	0	1,194	85
2011-07-28	$9.35	$10.00	53.7%	15.4%	38.4%	6.6%	52.3%	-3.4%	1.8%	27.8K	-385.0K	-1.1K	0.00	108.05	N/A	N/A	0	10	1,194	85
2011-07-29	$9.57	$10.00	46.0%	13.2%	38.9%	1.2%	0.0%	-11.3%	5.1%	32.9K	-401.1K	-1.1K	0.00	108.09	N/A	N/A	0	10	1,194	95