UCYB Options History — December 2025

In December 2025, UCYB traded between $52.50 and $60.34. ATM implied volatility averaged 36.1%, placing in the 7.8% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 2.0% (HV 20d: 34.1%). Max pain ranged from $52.00 to $52.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2025-12-15: Highest Volume — 2 contracts
2025-12-10: Largest IV drop — 31.3% change
2025-12-09: Highest IV Rank — 14.1%
2025-12-01: Largest Expected Move — 11.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$56.17	$52.50	$60.34	$55.25	$52.50
Max Pain	$52.00	$52.00	$52.00	$52.00	$52.00
ATM IV	36.1%	28.9%	46.7%	40.2%	28.9%
Expected Move	10.0%	8.3%	11.5%	11.5%	8.3%
HV 20d	34.1%	31.0%	38.4%	37.9%	31.5%
HV 60d	33.5%	32.0%	35.0%	32.4%	35.0%
IV Rank	7.8%	3.5%	14.1%	10.3%	3.5%
IV Percentile	43.1%	12.7%	70.6%	57.9%	12.7%
Term Structure	-1.2%	-9.3%	7.2%	-3.1%	7.2%
Skew 25d	2.2%	-18.6%	12.2%	4.7%	-18.6%
Skew 10d	3.5%	-6.6%	24.0%	10.2%	-1.0%
Call IV 25d	35.3%	30.6%	43.0%	39.6%	43.0%
Put IV 25d	37.5%	24.5%	48.5%	44.3%	24.5%
Bid-Ask Spread %	129.96	123.18	136.81	131.11	133.63
Gamma HHI	0.20	0.16	0.24	0.23	0.18
Net GEX	594	299	774	299	707
Net DEX	-5.9K	-18.9K	7.0K	1.6K	7.0K
Net VEX	-96	-120	-74	-98	-74
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	0.182	0	2	0	0
Total OI	15.545	14	17	14	16

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	Spread %	Call Wall	Put Wall	Call Vol	Call OI	Put OI
2025-12-01	$55.25	$0.00	40.2%	11.5%	37.9%	10.3%	0.0%	4.7%	-3.1%	299	1.6K	-98	131.11	N/A	N/A	0	9	5
2025-12-02	$56.00	$0.00	39.9%	11.4%	38.4%	10.1%	0.0%	5.4%	-1.9%	482	-2.1K	-106	134.08	N/A	N/A	1	9	5
2025-12-03	$56.61	$0.00	39.6%	11.4%	36.6%	10.0%	0.0%	7.5%	0.9%	461	-6.2K	-97	136.81	N/A	N/A	0	10	5
2025-12-04	$57.98	$52.00	40.0%	10.2%	37.4%	10.2%	0.0%	6.6%	2.2%	497	-11.8K	-106	125.89	N/A	N/A	0	10	5
2025-12-05	$58.22	$52.00	38.5%	10.2%	35.4%	9.3%	0.0%	4.6%	1.5%	619	-13.6K	-112	123.44	N/A	N/A	0	10	5
2025-12-08	$58.55	$52.00	43.5%	10.0%	35.4%	12.2%	0.0%	4.3%	1.9%	645	-15.5K	-110	126.10	N/A	N/A	0	10	5
2025-12-09	$59.33	$52.00	46.7%	10.5%	31.9%	14.1%	0.0%	4.1%	-0.4%	616	-15.6K	-107	128.35	N/A	N/A	0	10	5
2025-12-10	$60.34	$52.00	32.1%	9.2%	32.5%	5.5%	0.0%	1.8%	1.2%	672	-18.9K	-92	135.50	N/A	N/A	0	10	5
2025-12-11	$59.47	$52.00	34.9%	10.0%	32.2%	7.2%	0.0%	2.1%	-0.6%	596	-15.7K	-95	123.56	N/A	N/A	0	10	5
2025-12-12	$57.75	$52.00	33.8%	9.7%	31.6%	6.5%	0.0%	3.4%	-1.0%	449	-10.5K	-92	123.18	N/A	N/A	0	10	5
2025-12-15	$55.03	$52.00	37.4%	10.7%	35.8%	8.6%	0.0%	1.7%	-9.3%	381	-4.1K	-87	125.98	N/A	N/A	2	10	5
2025-12-16	$54.72	$52.00	34.0%	9.7%	35.6%	6.6%	0.0%	9.1%	3.0%	574	-6.5K	-104	127.94	N/A	N/A	0	12	5
2025-12-17	$54.05	$52.00	34.6%	9.9%	35.7%	7.0%	0.0%	-8.5%	-5.7%	601	-2.7K	-96	124.94	N/A	N/A	0	12	5
2025-12-18	$55.39	$52.00	33.2%	9.5%	35.9%	6.2%	0.0%	2.0%	-1.1%	774	-6.8K	-91	129.68	N/A	N/A	1	12	5
2025-12-19	$56.61	$52.00	32.7%	9.4%	33.1%	5.9%	0.0%	12.2%	4.1%	719	-8.1K	-120	136.04	N/A	N/A	0	11	5
2025-12-22	$56.02	$52.00	31.5%	9.0%	33.4%	5.2%	0.0%	-0.2%	-1.0%	688	-3.4K	-91	130.13	N/A	N/A	0	11	5
2025-12-23	$54.36	$52.00	33.7%	9.7%	32.5%	6.5%	0.0%	2.3%	-2.9%	592	-822	-97	131.06	N/A	N/A	0	11	5
2025-12-24	$54.80	$52.00	32.1%	9.2%	32.2%	5.5%	0.0%	-0.5%	-2.3%	736	648	-85	132.37	N/A	N/A	0	11	5
2025-12-26	$54.73	$52.00	33.4%	9.6%	32.2%	6.3%	0.0%	1.3%	-4.7%	633	325	-88	133.47	N/A	N/A	0	11	5
2025-12-29	$54.19	$52.00	36.0%	10.3%	32.0%	7.7%	0.0%	1.6%	-6.2%	661	1.7K	-84	131.38	N/A	N/A	0	11	5
2025-12-30	$53.77	$52.00	36.6%	10.5%	31.0%	8.0%	0.0%	1.9%	-8.8%	667	2.1K	-83	134.55	N/A	N/A	0	11	5
2025-12-31	$52.50	$52.00	28.9%	8.3%	31.5%	3.5%	0.0%	-18.6%	7.2%	707	7.0K	-74	133.63	N/A	N/A	0	11	5