AGYS Options History — February 2012

In February 2012, AGYS traded between $7.15 and $8.74. ATM implied volatility averaged 50.0%, placing in the 5.7% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded below realized volatility by 10.5% (HV 20d: 60.5%). Max pain ranged from $7.50 to $12.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.13.

Notable Days

2012-02-28: Highest Volume — 50 contracts
2012-02-22: Largest IV drop — 18.5% change
2012-02-08: Highest IV Rank — 15.0%
2012-02-09: Largest Expected Move — 15.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.05	$7.15	$8.74	$8.44	$8.05
Max Pain	$8.50	$7.50	$12.50	$12.50	$7.50
ATM IV	50.0%	40.0%	63.1%	49.1%	43.7%
Expected Move	13.1%	10.8%	15.1%	14.1%	12.5%
HV 20d	60.5%	40.5%	71.4%	42.9%	71.4%
HV 60d	59.0%	54.0%	63.6%	55.1%	55.6%
IV Rank	5.7%	0.0%	15.0%	4.2%	2.8%
IV Percentile	15.0%	0.0%	49.6%	7.5%	1.6%
Term Structure	6.9%	-4.4%	21.6%	2.9%	8.4%
VWIV	51.9%	51.9%	51.9%	51.9%	51.9%
Skew 25d	6.4%	-7.1%	52.9%	-1.4%	29.2%
Skew 10d	18.5%	-6.7%	80.0%	-1.7%	67.8%
Call IV 25d	44.9%	35.3%	53.4%	50.3%	42.8%
Put IV 25d	51.2%	36.7%	103.0%	48.9%	71.9%
Bid-Ask Spread %	108.43	103.69	111.44	110.07	111.44
Gamma HHI	0.52	0.33	0.68	0.64	0.60
Net GEX	316	103	1.0K	150	1.0K
Net DEX	-32.3K	-70.5K	-870	-6.4K	-70.5K
Net VEX	-90	-294	-37	-45	-294
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.13	0.00	1.00	0.00	1.00
Total Volume	9.35	0	50	0	20
Total OI	84.5	37	188	37	188

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
2012-02-01	$8.44	$12.50	49.1%	14.1%	42.9%	4.2%	0.0%	-1.4%	2.9%	150	-6.4K	-45	0.00	110.07	N/A	N/A	0	0	24	13
2012-02-02	$8.59	$12.50	51.7%	14.8%	43.1%	6.1%	0.0%	-0.3%	-0.7%	160	-7.1K	-43	0.00	109.91	N/A	N/A	0	0	24	13
2012-02-03	$8.74	$0.00	54.2%	10.8%	43.4%	8.1%	0.0%	1.5%	21.6%	166	-8.2K	-42	0.00	109.46	N/A	N/A	0	0	24	13
2012-02-06	$8.74	$0.00	60.6%	11.2%	41.8%	13.0%	0.0%	1.5%	15.9%	170	-8.1K	-42	0.00	109.46	N/A	N/A	0	0	24	13
2012-02-07	$8.66	$0.00	60.2%	11.2%	42.0%	12.7%	0.0%	1.5%	11.2%	169	-7.7K	-40	0.00	109.47	N/A	N/A	0	0	24	13
2012-02-08	$8.66	$0.00	63.1%	11.0%	40.5%	15.0%	0.0%	2.0%	15.8%	170	-7.5K	-40	0.00	109.57	N/A	N/A	0	0	24	13
2012-02-09	$7.41	$0.00	52.6%	15.1%	69.5%	6.9%	0.0%	8.2%	0.4%	103	-870	-37	0.00	103.69	N/A	N/A	40	0	24	13
2012-02-10	$7.15	$0.00	48.8%	14.0%	65.9%	3.9%	0.0%	5.5%	2.3%	246	-26.4K	-73	0.00	106.13	N/A	N/A	0	10	64	10
2012-02-13	$7.32	$0.00	49.7%	14.2%	65.6%	4.6%	0.0%	52.9%	3.1%	211	-27.5K	-84	0.14	105.77	N/A	N/A	7	1	64	20
2012-02-14	$7.30	$0.00	50.5%	14.5%	64.1%	5.2%	0.0%	7.7%	5.9%	185	-32.5K	-86	0.00	105.77	N/A	N/A	0	0	71	21
2012-02-15	$7.17	$0.00	52.6%	15.1%	61.2%	6.8%	0.0%	5.9%	5.2%	200	-30.3K	-91	0.00	105.86	N/A	N/A	0	0	71	21
2012-02-16	$7.72	$0.00	51.9%	14.9%	67.7%	6.3%	51.9%	11.4%	0.2%	185	-36.8K	-78	0.00	104.83	N/A	N/A	9	0	71	21
2012-02-17	$7.77	$7.50	50.1%	14.4%	67.6%	4.9%	0.0%	10.6%	2.1%	284	-42.8K	-85	0.00	105.44	N/A	N/A	0	0	80	21
2012-02-21	$8.12	$7.50	49.0%	14.1%	69.6%	4.1%	0.0%	-7.1%	-4.4%	331	-48.2K	-78	0.00	109.67	N/A	N/A	1	0	80	20
2012-02-22	$8.06	$7.50	40.0%	11.5%	69.6%	0.0%	0.0%	-5.6%	10.9%	361	-47.9K	-76	0.00	111.13	N/A	N/A	12	0	81	20
2012-02-23	$8.33	$7.50	42.3%	12.1%	70.7%	1.8%	0.0%	-0.3%	11.0%	429	-55.7K	-101	0.00	109.75	N/A	N/A	0	0	93	20
2012-02-24	$8.22	$7.50	41.4%	11.9%	70.7%	1.0%	0.0%	-3.8%	11.3%	437	-54.5K	-102	0.00	110.13	N/A	N/A	30	0	93	20
2012-02-27	$8.38	$7.50	43.6%	12.5%	71.0%	2.7%	0.0%	13.2%	8.9%	666	-66.8K	-177	0.00	110.36	N/A	N/A	7	0	123	20
2012-02-28	$8.21	$7.50	43.9%	12.6%	71.1%	2.9%	0.0%	-5.0%	6.9%	665	-59.5K	-181	0.00	110.65	N/A	N/A	50	0	118	20
2012-02-29	$8.05	$7.50	43.7%	12.5%	71.4%	2.8%	0.0%	29.2%	8.4%	1.0K	-70.5K	-294	1.00	111.44	N/A	N/A	10	10	168	20