UAN Options History — April 2024

In April 2024, UAN traded between $75.13 and $82.01. ATM implied volatility averaged 43.7%, placing in the 41.8% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded above realized volatility by 1.0% (HV 20d: 42.7%). Max pain ranged from $65.00 to $70.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.37.

Notable Days

  • 2024-04-30: Highest Volume — 462 contracts
  • 2024-04-10: Largest IV spike — 55.0% change
  • 2024-04-29: Highest IV Rank — 61.9%
  • 2024-04-29: Largest Expected Move — 16.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$78.70$75.13$82.01$78.80$80.89
Max Pain$65.68$65.00$70.00$70.00$65.00
ATM IV43.7%29.0%56.7%31.5%37.0%
Expected Move13.2%9.0%16.3%9.0%10.6%
HV 20d42.7%16.4%64.5%64.5%28.1%
HV 60d42.0%41.5%43.5%42.2%43.2%
IV Rank41.8%19.2%61.9%23.1%31.5%
IV Percentile72.0%30.6%93.7%44.4%62.3%
Term Structure-4.3%-21.1%12.4%11.3%-3.9%
VWIV45.6%27.2%61.9%32.1%35.5%
Skew 25d4.0%-7.2%20.8%-1.0%1.7%
Skew 10d9.2%-8.3%72.5%-1.7%72.5%
Call IV 25d46.1%33.5%57.5%33.5%34.7%
Put IV 25d50.1%29.4%70.5%32.4%36.4%
Bid-Ask Spread %92.5984.5398.1392.5586.66
Gamma HHI0.120.090.160.130.13
Net GEX321.7K196.3K412.9K362.8K337.1K
Net DEX-11.2M-13.4M-8.0M-12.0M-12.7M
Net VEX-82.9K-87.5K-78.6K-81.9K-79.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.012.442.440.06
Total Volume155.45515462310462
Total OI6,951.8186,2767,4746,2767,460

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$78.80$70.0031.5%9.0%64.5%23.1%32.1%-1.0%11.3%362.8K-12.0M-81.9K2.4492.55N/AN/A902204,5031,773
2024-04-02$79.20$70.0031.2%9.0%61.4%22.6%34.3%-4.6%9.5%364.6K-11.6M-80.0K0.1596.10N/AN/A1324,5471,986
2024-04-03$79.84$70.0031.5%9.0%60.8%22.9%27.2%-0.4%12.4%383.8K-12.3M-80.4K0.1097.78N/AN/A249264,5591,984
2024-04-04$80.87$65.0031.8%13.1%60.2%23.4%46.8%2.1%-1.8%393.8K-13.2M-86.3K0.4097.62N/AN/A81324,6442,007
2024-04-05$80.43$65.0029.8%12.6%58.2%20.3%40.0%7.7%2.3%409.6K-12.9M-83.5K0.3496.84N/AN/A56194,6842,027
2024-04-08$80.63$65.0033.1%12.4%58.0%25.4%42.1%-2.6%2.9%406.8K-13.4M-82.9K0.4596.92N/AN/A1154,6882,031
2024-04-09$79.94$65.0029.0%12.3%58.3%19.2%0.0%-0.3%3.7%412.9K-12.5M-82.3K0.3198.13N/AN/A93294,6942,035
2024-04-10$79.38$65.0045.0%12.9%58.4%43.8%53.1%7.9%-1.8%392.5K-12.3M-84.4K0.0494.98N/AN/A4824,7872,064
2024-04-11$79.48$65.0046.6%13.3%58.1%46.2%53.1%9.6%-4.1%390.3K-12.3M-84.1K0.7595.81N/AN/A40304,8192,065
2024-04-12$78.34$65.0045.5%13.1%58.2%44.7%49.4%11.3%2.4%345.4K-10.6M-86.1K0.2695.33N/AN/A78204,8452,094
2024-04-15$77.80$65.0049.4%14.1%58.5%50.5%39.9%20.8%2.0%354.5K-10.1M-86.0K0.0491.94N/AN/A19784,9232,108
2024-04-16$77.81$65.0047.7%13.7%58.1%47.9%50.1%5.6%0.2%356.2K-10.9M-84.2K0.0192.53N/AN/A20235,0992,111
2024-04-17$76.05$65.0048.1%13.8%27.9%48.7%45.8%-6.7%-5.3%212.5K-9.3M-79.3K0.0795.01N/AN/A4435,2742,111
2024-04-18$75.87$65.0051.4%14.7%18.6%53.7%61.9%4.4%-16.4%196.3K-8.3M-83.5K0.4394.29N/AN/A69305,3012,112
2024-04-19$76.82$65.0055.1%15.8%16.4%59.4%48.8%16.7%-21.1%202.1K-9.0M-82.7K0.0691.67N/AN/A232145,3332,141
2024-04-22$75.13$65.0050.2%14.4%18.1%51.9%49.4%-7.2%-16.3%200.5K-8.0M-79.0K0.2386.77N/AN/A57134,8901,956
2024-04-23$76.65$65.0053.9%15.4%19.5%57.5%44.9%11.2%-18.0%234.2K-8.8M-81.4K0.4587.68N/AN/A58264,9261,997
2024-04-24$75.53$65.0053.7%15.4%20.0%57.3%47.1%2.5%-18.7%208.4K-8.0M-78.6K0.6388.07N/AN/A41264,9492,019
2024-04-25$78.06$65.0051.0%14.6%23.3%53.1%47.4%9.6%-11.0%240.1K-10.1M-83.5K0.1888.04N/AN/A83154,9902,045
2024-04-26$81.87$65.0052.6%15.1%27.6%55.5%52.2%-2.4%-9.3%333.0K-13.4M-87.0K0.3984.53N/AN/A206815,0322,060
2024-04-29$82.01$65.0056.7%16.3%27.6%61.9%57.5%2.3%-14.2%340.7K-13.3M-87.5K0.3787.63N/AN/A2961105,1892,078
2024-04-30$80.89$65.0037.0%10.6%28.1%31.5%35.5%1.7%-3.9%337.1K-12.7M-79.6K0.0686.66N/AN/A434285,3442,116