AGYS Options History — March 2012

In March 2012, AGYS traded between $7.83 and $9.34. ATM implied volatility averaged 43.6%, placing in the 6.1% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded below realized volatility by 14.4% (HV 20d: 58.0%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 0.12.

Notable Days

2012-03-15: Highest Volume — 650 contracts
2012-03-15: Largest IV drop — 58.6% change
2012-03-14: Highest IV Rank — 27.9%
2012-03-06: Largest Expected Move — 15.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.78	$7.83	$9.34	$8.02	$8.99
Max Pain	$7.50	$7.50	$7.50	$7.50	$7.50
ATM IV	43.6%	31.4%	77.2%	43.4%	40.0%
Expected Move	11.3%	9.0%	15.1%	12.4%	11.5%
HV 20d	58.0%	42.2%	71.5%	70.0%	52.6%
HV 60d	56.2%	54.4%	60.0%	55.5%	55.6%
IV Rank	6.1%	0.0%	27.9%	2.5%	6.1%
IV Percentile	13.5%	0.0%	78.2%	1.2%	4.8%
Term Structure	8.3%	-7.5%	18.3%	10.3%	-7.5%
VWIV	41.6%	41.6%	41.6%	41.6%	41.6%
Skew 25d	5.7%	-8.7%	13.5%	13.5%	7.8%
Skew 10d	7.3%	-13.1%	22.2%	21.3%	2.5%
Call IV 25d	40.2%	29.6%	52.7%	43.1%	41.3%
Put IV 25d	46.0%	39.6%	58.0%	56.6%	49.1%
Bid-Ask Spread %	111.65	106.16	113.62	111.74	112.81
Gamma HHI	0.84	0.64	0.97	0.68	0.96
Net GEX	6.5K	945	12.3K	1.0K	11.6K
Net DEX	-268.2K	-473.3K	-60.0K	-72.0K	-417.5K
Net VEX	-1.4K	-2.4K	-343	-343	-2.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.12	0.00	0.65	0.00	0.00
Total Volume	44.227	0	650	13	6
Total OI	686.545	208	1,156	208	1,156

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
2012-03-01	$8.02	$7.50	43.4%	12.4%	70.0%	2.5%	0.0%	13.5%	10.3%	1.0K	-72.0K	-343	0.00	111.74	N/A	N/A	0	13	178	30
2012-03-02	$8.06	$7.50	42.0%	12.0%	69.7%	1.5%	41.6%	-8.7%	9.9%	969	-67.7K	-370	0.00	111.07	N/A	N/A	2	0	178	43
2012-03-05	$8.22	$7.50	46.0%	14.7%	69.8%	4.5%	0.0%	12.1%	5.4%	1.0K	-73.6K	-375	0.00	109.84	N/A	N/A	0	0	180	43
2012-03-06	$7.88	$7.50	47.2%	15.1%	71.1%	5.4%	0.0%	12.0%	2.7%	1.0K	-65.1K	-365	0.00	107.05	N/A	N/A	0	8	180	43
2012-03-07	$7.83	$7.50	47.6%	14.8%	71.1%	5.7%	0.0%	11.0%	5.9%	958	-60.0K	-370	0.00	107.50	N/A	N/A	0	0	180	51
2012-03-08	$7.96	$7.50	47.9%	14.4%	71.5%	5.9%	0.0%	10.4%	5.8%	959	-64.1K	-380	0.00	108.67	N/A	N/A	0	0	180	51
2012-03-09	$8.23	$7.50	56.1%	12.7%	44.9%	12.0%	0.0%	-0.5%	6.9%	945	-72.7K	-390	0.00	112.82	N/A	N/A	8	0	180	51
2012-03-12	$8.26	$7.50	69.7%	11.7%	42.2%	22.3%	0.0%	1.5%	16.9%	950	-78.8K	-390	0.00	112.91	N/A	N/A	0	0	188	51
2012-03-13	$9.33	$7.50	62.6%	10.8%	58.5%	17.0%	0.0%	-2.3%	5.2%	1.1K	-112.0K	-405	0.65	106.16	N/A	N/A	23	15	188	51
2012-03-14	$9.10	$7.50	77.2%	10.3%	59.8%	27.9%	0.0%	11.8%	17.8%	1.2K	-112.5K	-497	0.00	112.34	N/A	N/A	180	0	211	63
2012-03-15	$9.14	$7.50	31.9%	9.2%	58.9%	0.0%	0.0%	10.2%	18.3%	2.9K	-197.5K	-993	0.00	112.82	N/A	N/A	650	0	391	63
2012-03-16	$9.02	$7.50	34.0%	9.7%	54.7%	1.4%	0.0%	7.6%	14.0%	11.1K	-433.6K	-2.4K	0.00	112.47	N/A	N/A	0	0	1,041	63
2012-03-19	$9.33	$7.50	31.4%	9.0%	55.5%	0.0%	0.0%	13.1%	12.6%	12.1K	-473.3K	-2.4K	0.00	113.20	N/A	N/A	0	0	1,035	63
2012-03-20	$9.21	$7.50	33.6%	9.6%	54.4%	1.6%	0.0%	-1.8%	10.4%	11.9K	-453.5K	-2.4K	0.00	112.84	N/A	N/A	0	0	1,035	63
2012-03-21	$9.13	$7.50	34.8%	10.0%	54.4%	2.4%	0.0%	8.4%	6.7%	11.6K	-445.7K	-2.3K	0.00	112.75	N/A	N/A	0	0	1,035	63
2012-03-22	$9.24	$7.50	33.6%	9.6%	53.6%	1.6%	0.0%	-0.7%	9.4%	11.9K	-458.5K	-2.4K	0.00	113.13	N/A	N/A	0	0	1,035	63
2012-03-23	$9.34	$7.50	32.3%	9.3%	53.2%	0.6%	0.0%	0.2%	12.5%	12.3K	-470.6K	-2.4K	0.00	113.62	N/A	N/A	0	20	1,035	63
2012-03-26	$9.30	$7.50	35.2%	10.1%	53.1%	2.7%	0.0%	13.5%	8.4%	12.3K	-453.9K	-2.4K	0.29	113.27	N/A	N/A	35	10	1,035	83
2012-03-27	$9.21	$7.50	36.6%	10.5%	52.5%	3.7%	0.0%	0.1%	4.3%	12.2K	-453.1K	-2.4K	0.00	113.06	N/A	N/A	0	0	1,060	93
2012-03-28	$9.11	$7.50	38.0%	10.9%	52.0%	4.7%	0.0%	-1.3%	3.2%	11.8K	-430.9K	-2.4K	0.00	112.95	N/A	N/A	3	0	1,060	93
2012-03-29	$9.14	$7.50	37.6%	10.8%	51.9%	4.4%	0.0%	8.3%	3.3%	12.0K	-433.3K	-2.4K	0.00	113.31	N/A	N/A	0	0	1,063	93
2012-03-30	$8.99	$7.50	40.0%	11.5%	52.6%	6.1%	0.0%	7.8%	-7.5%	11.6K	-417.5K	-2.3K	0.00	112.81	N/A	N/A	6	0	1,063	93