UAN Options History — April 2021

In April 2021, UAN traded between $42.42 and $58.88. ATM implied volatility averaged 83.4%, placing in the 16.6% IV rank vs the trailing year. The 30-day expected move averaged 23.6%. IV traded above realized volatility by 4.4% (HV 20d: 79.0%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.24.

Notable Days

  • 2021-04-13: Highest Volume — 1,685 contracts
  • 2021-04-26: Largest IV spike — 22.2% change
  • 2021-04-30: Highest IV Rank — 40.9%
  • 2021-04-30: Largest Expected Move — 33.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.46$42.42$58.88$44.83$56.16
Max Pain$31.19$30.00$35.00$35.00$35.00
ATM IV83.4%70.7%117.0%76.7%117.0%
Expected Move23.6%20.3%33.6%22.0%33.6%
HV 20d79.0%68.3%93.9%89.2%75.1%
HV 60d79.6%77.9%81.7%81.4%79.0%
IV Rank16.6%7.4%40.9%11.8%40.9%
IV Percentile22.2%6.0%49.6%14.7%49.6%
Term Structure-4.5%-25.5%2.4%-0.0%-25.5%
VWIV83.2%74.0%113.2%76.3%111.0%
Skew 25d-5.8%-18.9%1.1%-8.7%-9.3%
Skew 10d-9.9%-45.5%1.5%-11.1%-45.5%
Call IV 25d88.0%74.8%125.1%82.3%121.4%
Put IV 25d82.1%73.4%112.1%73.5%112.1%
Bid-Ask Spread %69.2833.4591.4772.8770.89
Gamma HHI0.270.150.390.390.15
Net GEX179.5K129.2K221.4K129.2K218.0K
Net DEX-18.3M-30.8M-11.9M-13.3M-26.9M
Net VEX-41.5K-57.3K-30.1K-30.1K-56.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.240.030.640.110.24
Total Volume575.0951251,6851,271204
Total OI8,137.6676,2599,7196,2599,719

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$44.83$35.0076.7%22.0%89.2%11.8%76.3%-8.7%-0.0%129.2K-13.3M-30.1K0.1172.87N/AN/A1,1481234,1492,110
2021-04-05$46.09$30.0077.0%22.3%88.2%12.0%80.4%-3.3%-4.0%156.4K-15.2M-33.3K0.4170.42N/AN/A213874,6922,239
2021-04-06$49.02$30.0079.6%22.1%88.1%13.9%78.3%-4.2%-3.4%152.0K-17.8M-33.0K0.2363.79N/AN/A190444,8722,386
2021-04-07$47.65$30.0080.3%21.8%88.0%14.3%75.1%-5.8%-0.2%159.5K-16.9M-34.7K0.5460.67N/AN/A5072744,9832,404
2021-04-08$47.39$30.0076.3%21.3%88.8%11.4%76.4%-4.1%-1.7%151.3K-16.6M-35.5K0.3965.23N/AN/A171675,1132,585
2021-04-09$47.91$30.0072.1%21.1%89.0%8.4%74.0%-5.0%1.2%155.3K-17.2M-35.4K0.0667.71N/AN/A321195,1602,627
2021-04-12$44.95$30.0083.7%21.7%93.9%16.8%77.1%-4.1%-2.4%153.3K-14.6M-37.0K0.4863.38N/AN/A2901405,3182,632
2021-04-13$43.15$30.0081.4%21.7%68.3%15.1%75.9%-5.1%-1.6%160.1K-12.9M-38.4K0.6460.44N/AN/A1,0296565,5282,714
2021-04-14$45.85$30.0073.1%20.9%70.3%9.1%75.5%-4.0%-0.6%176.1K-15.7M-38.0K0.0833.45N/AN/A830705,5092,665
2021-04-15$46.20$30.0072.6%20.8%69.8%8.8%74.3%-5.7%0.1%184.3K-16.6M-40.7K0.1667.34N/AN/A253405,7512,696
2021-04-16$46.14$30.0070.7%20.3%68.9%7.4%74.3%-4.1%2.4%167.8K-17.3M-41.4K0.0967.18N/AN/A676595,9062,706
2021-04-19$45.00$30.0073.5%21.1%69.6%9.5%75.5%-2.1%2.4%184.8K-14.2M-41.2K0.3570.05N/AN/A231805,3032,333
2021-04-20$42.42$30.0074.7%21.4%73.9%10.3%75.7%-3.3%-4.0%187.7K-11.9M-41.6K0.1664.06N/AN/A374585,4012,444
2021-04-21$44.84$30.0077.0%22.1%72.8%12.0%75.0%1.1%-6.1%190.8K-14.2M-40.9K0.1672.85N/AN/A150245,4392,476
2021-04-22$46.28$30.0082.7%23.7%73.0%16.1%82.8%-4.4%-9.4%198.1K-15.6M-42.9K0.0572.20N/AN/A11965,5552,496
2021-04-23$47.45$30.0074.6%21.4%72.0%10.2%76.8%-2.5%-3.8%205.1K-17.0M-42.7K0.0372.78N/AN/A28685,6432,494
2021-04-26$52.25$30.0091.1%26.1%77.1%22.2%92.6%-9.5%0.0%188.0K-21.7M-44.9K0.1588.65N/AN/A9501465,8462,502
2021-04-27$57.91$35.0098.0%28.1%81.5%27.1%96.4%-5.3%-11.6%209.9K-29.0M-52.0K0.1691.47N/AN/A7411166,6092,616
2021-04-28$58.88$35.00108.3%31.1%79.9%34.6%109.6%-14.6%-6.3%221.4K-30.8M-54.3K0.0383.03N/AN/A1,142366,9342,713
2021-04-29$57.28$35.00111.1%31.8%81.5%36.6%113.2%-18.9%-19.3%220.4K-27.9M-57.3K0.5976.42N/AN/A125746,8802,743
2021-04-30$56.16$35.00117.0%33.6%75.1%40.9%111.0%-9.3%-25.5%218.0K-26.9M-56.6K0.2470.89N/AN/A165396,9202,799