UCYB Options History — September 2025

In September 2025, UCYB traded between $55.87 and $62.45. ATM implied volatility averaged 32.8%, placing in the 6.5% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 4.2% (HV 20d: 28.7%). Max pain ranged from $47.00 to $47.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2025-09-12: Highest Volume — 190 contracts
2025-09-10: Largest IV drop — 33.3% change
2025-09-09: Highest IV Rank — 12.3%
2025-09-02: Largest Expected Move — 11.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$59.95	$55.87	$62.45	$57.32	$61.02
Max Pain	$47.00	$47.00	$47.00	$47.00	$47.00
ATM IV	32.8%	28.5%	42.8%	41.3%	31.9%
Expected Move	9.0%	8.2%	11.8%	11.8%	9.1%
HV 20d	28.7%	22.1%	33.8%	33.5%	22.4%
HV 60d	73.2%	49.9%	107.8%	107.8%	49.9%
IV Rank	6.5%	4.0%	12.3%	11.4%	5.9%
IV Percentile	38.3%	19.4%	68.7%	64.3%	37.3%
Term Structure	0.8%	-4.2%	4.3%	-1.4%	1.8%
VWIV	43.9%	43.9%	43.9%	43.9%	43.9%
Skew 25d	3.8%	2.1%	7.7%	7.7%	3.5%
Skew 10d	11.0%	3.5%	38.0%	9.0%	7.8%
Call IV 25d	31.3%	27.3%	39.6%	39.6%	33.9%
Put IV 25d	35.0%	30.2%	47.3%	47.3%	37.4%
Bid-Ask Spread %	125.09	119.02	142.75	142.75	124.21
Gamma HHI	0.25	0.17	0.33	0.17	0.33
Net GEX	1.8K	733	5.4K	888	827
Net DEX	-50.0K	-121.8K	-20.6K	-25.9K	-33.1K
Net VEX	-143	-182	-122	-147	-123
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	9.286	0	190	0	0
Total OI	19.048	15	31	16	15

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	Call OI	Put OI
2025-09-02	$57.32	$0.00	41.3%	11.8%	33.5%	11.4%	0.0%	7.7%	-1.4%	888	-25.9K	-147	142.75	N/A	N/A	0	12	4
2025-09-03	$56.67	$0.00	37.1%	10.6%	33.8%	8.9%	0.0%	6.7%	-4.2%	865	-24.6K	-142	142.72	N/A	N/A	0	12	4
2025-09-04	$55.87	$47.00	34.3%	8.7%	31.3%	7.3%	0.0%	4.9%	2.3%	733	-20.6K	-139	121.72	N/A	N/A	0	12	4
2025-09-05	$57.26	$47.00	34.4%	9.1%	30.4%	7.4%	0.0%	5.0%	-0.5%	815	-26.3K	-150	119.02	N/A	N/A	0	12	4
2025-09-08	$58.22	$47.00	39.1%	8.5%	30.8%	10.1%	0.0%	3.0%	-0.1%	948	-31.3K	-155	123.69	N/A	N/A	0	12	4
2025-09-09	$58.41	$47.00	42.8%	8.9%	30.0%	12.3%	0.0%	2.4%	-2.5%	938	-32.5K	-156	124.63	N/A	N/A	0	12	4
2025-09-10	$59.53	$47.00	28.5%	8.2%	30.3%	4.0%	0.0%	2.9%	1.2%	935	-35.5K	-151	123.30	N/A	N/A	0	12	4
2025-09-11	$60.86	$47.00	29.1%	8.4%	29.7%	4.3%	0.0%	3.5%	3.2%	918	-37.9K	-147	123.36	N/A	N/A	0	12	4
2025-09-12	$59.77	$47.00	30.5%	8.7%	29.0%	5.1%	0.0%	2.1%	-3.0%	924	-35.4K	-153	124.25	N/A	N/A	190	12	4
2025-09-15	$60.40	$47.00	31.1%	8.9%	29.1%	5.4%	0.0%	2.9%	-2.3%	5.4K	-104.0K	-182	123.85	N/A	N/A	2	27	4
2025-09-16	$60.19	$47.00	31.4%	9.0%	29.1%	5.7%	0.0%	2.3%	-0.7%	5.4K	-97.0K	-168	126.77	N/A	N/A	0	26	4
2025-09-17	$60.70	$47.00	29.4%	8.4%	28.0%	4.5%	0.0%	2.9%	3.7%	5.2K	-102.7K	-149	120.82	N/A	N/A	0	26	4
2025-09-18	$62.29	$47.00	29.1%	8.4%	28.7%	4.3%	0.0%	3.4%	4.3%	3.7K	-121.8K	-140	120.95	N/A	N/A	0	26	4
2025-09-19	$62.27	$47.00	30.6%	8.8%	28.1%	5.2%	0.0%	2.9%	-0.7%	3.9K	-118.8K	-136	123.68	N/A	N/A	0	26	4
2025-09-22	$62.45	$47.00	29.5%	8.5%	28.0%	4.5%	0.0%	3.7%	2.9%	935	-36.7K	-130	122.07	N/A	N/A	0	11	4
2025-09-23	$61.85	$47.00	30.8%	8.8%	27.7%	5.3%	0.0%	3.3%	2.9%	859	-35.8K	-131	124.63	N/A	N/A	0	11	4
2025-09-24	$60.85	$47.00	32.2%	9.2%	27.6%	6.1%	0.0%	3.4%	2.0%	861	-32.4K	-131	122.33	N/A	N/A	0	11	4
2025-09-25	$60.34	$47.00	32.0%	9.2%	26.7%	6.0%	0.0%	3.4%	3.6%	798	-30.9K	-122	121.63	N/A	N/A	2	11	4
2025-09-26	$61.19	$47.00	32.0%	9.2%	26.0%	6.0%	0.0%	5.4%	4.2%	876	-32.1K	-125	123.74	N/A	N/A	0	11	4
2025-09-29	$61.52	$47.00	32.4%	9.3%	22.1%	6.2%	43.9%	4.0%	-0.5%	848	-34.4K	-125	126.74	N/A	N/A	1	11	4
2025-09-30	$61.02	$47.00	31.9%	9.1%	22.4%	5.9%	0.0%	3.5%	1.8%	827	-33.1K	-123	124.21	N/A	N/A	0	11	4