UAN Options History — November 2019

In November 2019, UAN traded between $26.60 and $33.40. ATM implied volatility averaged 59.3%, placing in the 15.8% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded above realized volatility by 24.2% (HV 20d: 35.1%). Max pain ranged from $25.00 to $50.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 1.06.

Notable Days

  • 2019-11-05: Highest Volume — 105 contracts
  • 2019-11-13: Largest IV drop — 67.2% change
  • 2019-11-12: Highest IV Rank — 62.2%
  • 2019-11-01: Largest Expected Move — 19.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.25$26.60$33.40$33.40$28.80
Max Pain$37.50$25.00$50.00$25.00$25.00
ATM IV59.3%31.5%132.4%68.1%37.3%
Expected Move11.9%9.0%19.5%19.5%10.7%
HV 20d35.1%22.2%51.4%22.6%50.9%
HV 60d30.9%26.3%36.9%26.8%36.9%
IV Rank15.8%0.0%62.2%20.0%3.7%
IV Percentile26.6%0.0%96.8%38.1%1.2%
Term Structure1.0%-33.1%15.7%-33.1%9.4%
VWIV42.7%37.2%50.5%50.5%37.2%
Bid-Ask Spread %27.6112.9688.7061.7915.13
Gamma HHI0.560.490.820.550.50
Net GEX59-347575401575
Net DEX-205.7K-408.6K-16.3K-408.6K-104.6K
Net VEX-595-839-480-522-839
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.060.009.750.000.00
Total Volume9.25010510
Total OI356.45149535535194

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-11-01$33.40$25.0068.1%19.5%22.6%20.0%0.0%0.0%-33.1%401-408.6K-5220.0061.79N/AN/A10410125
2019-11-04$32.90$50.0059.8%11.8%22.2%14.5%0.0%0.0%11.8%22-401.1K-4900.0088.70N/AN/A20409125
2019-11-05$32.30$50.0072.7%11.7%22.8%23.0%0.0%0.0%11.8%-61-381.9K-4930.0016.75N/AN/A1050407125
2019-11-06$31.60$50.0081.0%13.1%22.4%28.4%0.0%0.0%5.2%-140-297.3K-4800.6319.21N/AN/A43385125
2019-11-07$30.90$50.0085.1%10.5%22.7%31.2%0.0%0.0%14.0%366-313.3K-4880.0014.03N/AN/A40389119
2019-11-08$31.80$50.0099.9%11.7%25.9%40.9%0.0%0.0%15.7%41-342.2K-5820.0019.21N/AN/A20393119
2019-11-11$32.30$50.00121.6%14.1%27.1%55.1%0.0%0.0%4.5%93-365.7K-5110.0063.16N/AN/A00395117
2019-11-12$31.90$50.00132.4%12.1%25.1%62.2%0.0%0.0%14.1%73-332.2K-5360.0016.39N/AN/A20387117
2019-11-13$31.00$50.0043.4%12.5%26.0%3.8%0.0%0.0%-18.7%38-218.4K-4880.0019.91N/AN/A70355117
2019-11-14$30.90$50.0044.6%12.8%26.0%4.6%0.0%0.0%-7.0%68-220.7K-4990.0022.79N/AN/A30358117
2019-11-15$30.00$50.0041.0%11.8%27.1%2.2%50.5%0.0%-6.4%-57-210.5K-5035.5622.48N/AN/A15360117
2019-11-18$27.40$25.0038.4%11.0%39.7%0.5%40.4%0.0%3.1%-284-17.7K-6081.3916.88N/AN/A588366
2019-11-19$26.60$25.0031.5%9.0%39.9%0.0%0.0%0.0%2.8%-347-16.3K-6700.0040.31N/AN/A008873
2019-11-20$28.20$25.0034.9%10.0%47.0%2.1%37.2%0.0%12.4%-205-48.4K-6819.7516.91N/AN/A049273
2019-11-21$29.60$25.0037.4%10.7%51.4%3.7%0.0%0.0%-4.9%-74-75.6K-6540.7321.03N/AN/A439277
2019-11-22$29.30$25.0039.9%11.4%51.4%5.3%0.0%0.0%1.3%-19-83.3K-6560.0021.03N/AN/A309577
2019-11-25$29.10$25.0043.4%12.4%51.2%7.5%0.0%0.0%-9.9%-49-80.3K-6820.0024.23N/AN/A1109877
2019-11-26$28.80$25.0035.0%10.0%50.3%2.2%0.0%0.0%2.7%381-98.6K-7520.0012.96N/AN/A1010977
2019-11-27$28.30$25.0039.0%11.2%50.3%4.7%0.0%0.0%-8.5%355-97.2K-7560.0019.32N/AN/A7011077
2019-11-29$28.80$25.0037.3%10.7%50.9%3.7%0.0%0.0%9.4%575-104.6K-8390.0015.13N/AN/A0011777