AGYS Options History — December 2011

In December 2011, AGYS traded between $7.12 and $8.45. ATM implied volatility averaged 54.7%, placing in the 6.7% IV rank vs the trailing year. The 30-day expected move averaged 13.5%. IV traded below realized volatility by 12.9% (HV 20d: 67.6%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2011-12-16: Highest Volume — 3 contracts
2011-12-15: Largest IV drop — 29.9% change
2011-12-14: Highest IV Rank — 20.5%
2011-12-01: Largest Expected Move — 15.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.92	$7.12	$8.45	$7.93	$7.95
Max Pain	$7.50	$7.50	$7.50	$7.50	$7.50
ATM IV	54.7%	44.5%	74.4%	54.2%	46.5%
Expected Move	13.5%	12.0%	15.5%	15.5%	13.3%
HV 20d	67.6%	53.0%	73.9%	69.7%	53.0%
HV 60d	71.1%	63.3%	72.8%	72.5%	63.3%
IV Rank	6.7%	0.0%	20.5%	5.7%	1.5%
IV Percentile	17.5%	0.0%	59.1%	13.1%	1.6%
Term Structure	4.1%	-9.6%	15.7%	-8.4%	1.0%
Skew 25d	5.6%	-12.4%	58.2%	-6.4%	-2.4%
Skew 10d	22.5%	-16.5%	101.1%	28.0%	28.1%
Call IV 25d	49.9%	38.3%	66.6%	66.6%	52.5%
Put IV 25d	55.5%	41.0%	104.1%	60.2%	50.2%
Bid-Ask Spread %	119.79	113.32	127.46	113.32	125.38
Gamma HHI	0.77	0.50	0.98	0.82	0.65
Net GEX	27.0K	59	126.2K	33.4K	1.1K
Net DEX	-529.5K	-1.1M	6.1K	-810.8K	-10.1K
Net VEX	-442	-1.2K	-93	-1.2K	-114
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	0.286	0	3	0	0
Total OI	1,228.286	428	1,828	1,828	431

Daily Data (21 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
2011-12-01	$7.93	$7.50	54.2%	15.5%	69.7%	5.7%	0.0%	-6.4%	-8.4%	33.4K	-810.8K	-1.2K	113.32	N/A	N/A	0	0	1,788	40
2011-12-02	$8.11	$7.50	49.9%	14.3%	68.9%	2.7%	0.0%	-12.4%	-9.6%	35.6K	-949.9K	-903	115.22	N/A	N/A	0	0	1,788	40
2011-12-05	$8.32	$7.50	56.3%	12.3%	68.9%	7.2%	0.0%	4.1%	12.1%	29.1K	-1.1M	-720	115.83	N/A	N/A	0	0	1,788	40
2011-12-06	$8.20	$7.50	58.9%	12.1%	68.0%	9.1%	0.0%	-2.9%	11.2%	33.1K	-1.0M	-764	116.50	N/A	N/A	0	0	1,788	40
2011-12-07	$8.45	$7.50	63.8%	12.3%	68.4%	12.5%	0.0%	1.9%	13.5%	25.0K	-1.1M	-621	115.36	N/A	N/A	0	0	1,788	40
2011-12-08	$8.03	$7.50	63.1%	13.1%	70.8%	12.0%	0.0%	6.1%	10.3%	38.5K	-913.1K	-786	118.25	N/A	N/A	0	0	1,788	40
2011-12-09	$8.25	$7.50	58.6%	12.0%	70.8%	8.8%	0.0%	1.3%	15.2%	29.4K	-1.1M	-568	116.63	N/A	N/A	0	0	1,788	40
2011-12-12	$8.07	$7.50	68.6%	12.9%	68.6%	15.9%	0.0%	4.7%	12.1%	38.7K	-1.0M	-533	117.29	N/A	N/A	0	0	1,788	40
2011-12-13	$7.87	$7.50	74.4%	14.0%	69.0%	19.9%	0.0%	0.1%	-4.0%	50.7K	-875.3K	-645	116.57	N/A	N/A	0	0	1,788	40
2011-12-14	$7.85	$7.50	72.1%	12.6%	67.9%	20.5%	0.0%	8.7%	15.7%	56.3K	-890.1K	-472	120.90	N/A	N/A	0	0	1,788	40
2011-12-15	$7.73	$7.50	50.6%	14.5%	67.1%	3.6%	0.0%	3.7%	-1.8%	59.5K	-767.2K	-515	119.68	N/A	N/A	0	0	1,788	40
2011-12-16	$7.48	$7.50	46.8%	13.4%	67.5%	0.6%	0.0%	10.5%	8.4%	126.2K	-502.0K	-364	127.46	N/A	N/A	3	0	1,788	40
2011-12-19	$7.12	$7.50	44.9%	12.9%	68.9%	0.0%	0.0%	8.4%	6.4%	59	6.1K	-93	120.47	N/A	N/A	0	0	388	40
2011-12-20	$7.76	$7.50	51.6%	14.8%	73.9%	5.2%	0.0%	58.2%	4.6%	1.8K	-17.9K	-186	116.31	N/A	N/A	0	0	388	40
2011-12-21	$7.68	$7.50	45.3%	13.0%	71.6%	0.3%	0.0%	11.6%	7.1%	912	-7.2K	-134	122.85	N/A	N/A	0	0	388	40
2011-12-22	$7.93	$7.50	50.2%	14.4%	70.5%	4.1%	0.0%	4.1%	-1.8%	2.1K	-21.7K	-177	126.08	N/A	N/A	0	0	388	40
2011-12-23	$7.84	$7.50	47.3%	13.5%	70.7%	1.8%	0.0%	7.4%	-3.1%	1.4K	-13.8K	-147	126.24	N/A	N/A	0	0	388	40
2011-12-27	$7.94	$7.50	50.1%	14.4%	67.5%	4.1%	0.0%	5.3%	-0.6%	1.7K	-17.1K	-151	121.38	N/A	N/A	0	0	388	40
2011-12-28	$7.76	$7.50	50.9%	14.6%	64.4%	4.7%	0.0%	8.0%	2.8%	1.1K	-10.1K	-126	122.83	N/A	N/A	0	3	388	40
2011-12-29	$8.04	$7.50	44.5%	12.8%	53.7%	0.0%	0.0%	-3.1%	-4.6%	1.2K	-11.1K	-113	120.98	N/A	N/A	0	0	388	43
2011-12-30	$7.95	$7.50	46.5%	13.3%	53.0%	1.5%	0.0%	-2.4%	1.0%	1.1K	-10.1K	-114	125.38	N/A	N/A	0	0	388	43