UAN Options History — June 2020

In June 2020, UAN traded between $9.00 and $12.90. ATM implied volatility averaged 144.5%, placing in the 72.6% IV rank vs the trailing year. The 30-day expected move averaged 40.4%. IV traded above realized volatility by 50.1% (HV 20d: 94.4%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 1 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.35.

Notable Days

  • 2020-06-08: Highest Volume — 43 contracts
  • 2020-06-26: Largest IV drop — 35.5% change
  • 2020-06-23: Highest IV Rank — 89.3%
  • 2020-06-23: Largest Expected Move — 50.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.41$9.00$12.90$9.30$9.20
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV144.5%99.9%177.7%171.2%114.8%
Expected Move40.4%28.4%50.9%49.1%44.4%
HV 20d94.4%60.5%108.2%60.5%107.5%
HV 60d101.2%81.8%122.5%122.2%81.9%
IV Rank72.6%50.1%89.3%86.0%57.6%
IV Percentile85.9%63.9%96.0%95.2%69.0%
Term Structure-15.8%-85.8%101.9%-39.1%4.6%
Bid-Ask Spread %117.5238.67147.2338.67139.89
Gamma HHI1.001.001.001.001.00
Net GEX14030200
Net DEX18.5K9.5K23.6K17.0K17.3K
Net VEX-5-119000
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.350.002.500.000.00
Total Volume4.81804301
Total OI181.818136198136197

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-06-01$9.30$25.00171.2%49.1%60.5%86.0%0.0%0.0%-39.1%017.0K00.0038.67N/AN/A0011818
2020-06-02$9.60$25.00171.2%49.1%60.6%86.0%0.0%0.0%-41.4%017.6K00.0061.40N/AN/A0011818
2020-06-03$10.70$25.00158.8%45.5%70.0%79.7%0.0%0.0%0.0%019.6K00.0049.04N/AN/A1011818
2020-06-04$12.50$25.00138.1%29.1%85.9%69.3%0.0%0.0%30.8%3029.5K-1190.19108.67N/AN/A21411918
2020-06-05$12.90$25.00137.6%28.4%85.4%69.0%0.0%0.0%101.9%023.6K00.00126.44N/AN/A9013518
2020-06-08$12.90$25.00155.2%29.5%75.1%77.9%0.0%0.0%39.4%023.6K00.08143.22N/AN/A40314018
2020-06-09$12.00$25.00177.4%0.0%78.8%89.1%0.0%0.0%-70.5%022.0K01.11135.39N/AN/A1117918
2020-06-10$11.50$25.00120.1%34.4%81.1%60.2%0.0%0.0%-34.0%020.6K00.00147.23N/AN/A0018018
2020-06-11$9.70$25.00143.7%41.2%101.9%72.2%0.0%0.0%-41.4%017.4K00.40141.40N/AN/A3118018
2020-06-12$10.20$25.00139.1%39.9%103.1%69.8%0.0%0.0%-40.7%019.3K00.00134.51N/AN/A1017819
2020-06-15$10.50$25.00141.5%40.6%102.4%71.0%0.0%0.0%-62.4%019.8K00.00130.14N/AN/A0217919
2020-06-16$10.90$25.00111.9%32.1%102.5%56.1%0.0%0.0%-35.2%020.5K00.00144.06N/AN/A0017919
2020-06-17$10.80$25.00142.2%40.8%102.7%71.4%0.0%0.0%-64.1%020.3K00.00144.20N/AN/A0017919
2020-06-18$10.00$25.00155.7%44.6%106.9%78.2%0.0%0.0%11.8%018.8K00.00124.41N/AN/A0017919
2020-06-19$10.10$25.00157.0%45.0%106.7%78.8%0.0%0.0%-19.7%019.0K00.0060.28N/AN/A0017919
2020-06-22$9.90$25.00137.2%39.3%107.1%68.8%0.0%0.0%53.4%017.6K00.00108.87N/AN/A0017318
2020-06-23$9.60$25.00177.7%50.9%107.5%89.3%0.0%0.0%-85.8%017.1K00.28104.69N/AN/A13417318
2020-06-24$9.50$25.00148.6%42.6%107.6%74.6%0.0%0.0%7.4%016.9K00.00145.65N/AN/A0017818
2020-06-25$9.30$25.00154.9%44.4%107.6%77.8%0.0%0.0%4.6%016.6K00.00128.48N/AN/A0017818
2020-06-26$9.00$25.0099.9%0.0%108.2%50.1%0.0%0.0%0.0%016.0K02.50145.22N/AN/A0117818
2020-06-29$9.00$25.00126.6%0.0%107.9%63.5%0.0%0.0%0.0%016.9K00.00123.64N/AN/A0017819
2020-06-30$9.20$25.00114.8%0.0%107.5%57.6%0.0%0.0%0.0%017.3K00.00139.89N/AN/A1017819