UGE Options History — March 2023

In March 2023, UGE traded between $15.79 and $17.49. ATM implied volatility averaged 60.4%, placing in the 11.7% IV rank vs the trailing year. The 30-day expected move averaged 13.6%. IV traded above realized volatility by 30.4% (HV 20d: 30.0%). Max pain ranged from $19.00 to $22.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 2 of 23 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-03-20: Highest Volume — 4 contracts
  • 2023-03-31: Largest IV spike — 95.9% change
  • 2023-03-31: Highest IV Rank — 22.0%
  • 2023-03-03: Largest Expected Move — 17.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.67$15.79$17.49$17.07$17.34
Max Pain$19.75$19.00$22.00$22.00$19.00
ATM IV60.4%28.3%151.9%59.9%55.5%
Expected Move13.6%8.1%17.7%17.2%15.9%
HV 20d30.0%24.8%32.1%30.1%30.6%
HV 60d33.4%31.9%34.3%33.8%31.9%
IV Rank11.7%0.0%22.0%17.1%22.0%
IV Percentile13.0%0.0%31.1%19.0%31.1%
Term Structure-7.7%-19.6%6.1%-16.8%-19.6%
VWIV29.6%29.6%29.6%29.6%29.6%
Skew 25d8.5%-17.7%32.2%-0.8%24.1%
Skew 10d7.4%1.8%12.0%2.8%7.0%
Call IV 25d44.0%27.4%71.0%47.1%39.3%
Put IV 25d52.5%27.9%75.8%46.3%63.4%
Bid-Ask Spread %131.42123.77138.94132.04135.13
Gamma HHI0.750.501.001.000.71
Net GEX941020842208
Net DEX-1.1K-2.8K-27-206-2.8K
Net VEX-5-100-1-10
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.2170400
Total OI5.7391765

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$17.07$22.0059.9%17.2%30.1%0.0%0.0%-0.8%-16.8%42-206-10.00132.04N/AN/A0060
2023-03-02$17.11$22.0049.9%14.3%24.8%0.0%0.0%-17.7%1.7%44-221-10.00129.80N/AN/A0060
2023-03-03$17.49$22.0061.9%17.7%26.2%0.0%0.0%4.7%-18.5%81-518-20.00130.28N/AN/A0060
2023-03-06$17.34$0.0038.5%9.7%26.2%0.0%0.0%0.5%-6.4%10-2700.00129.93N/AN/A0060
2023-03-07$16.88$0.0071.7%11.9%27.7%0.0%0.0%2.0%-5.3%51-309-10.00132.77N/AN/A1060
2023-03-08$16.71$0.0075.8%12.2%27.9%0.0%0.0%4.8%-5.2%73-968-50.00134.21N/AN/A0070
2023-03-09$16.12$0.0064.7%11.1%30.2%0.0%0.0%5.4%-4.7%33-701-40.00129.79N/AN/A0070
2023-03-10$15.79$0.0094.2%14.4%30.7%0.0%0.0%5.7%-7.4%48-742-40.00134.97N/AN/A0070
2023-03-13$16.03$0.00117.9%15.0%31.4%0.0%0.0%29.6%-11.7%37-650-40.00129.66N/AN/A0070
2023-03-14$16.27$0.00151.9%16.5%30.8%0.0%0.0%6.3%-8.9%71-985-50.00138.94N/AN/A0070
2023-03-15$16.26$0.0052.1%14.9%29.8%0.0%0.0%8.1%-6.0%41-730-40.00130.96N/AN/A0070
2023-03-16$16.61$0.0050.0%14.4%30.8%0.0%0.0%6.6%-8.0%59-884-40.00131.44N/AN/A0070
2023-03-17$16.16$0.0051.9%14.9%30.7%0.0%0.0%4.1%-8.0%25-674-40.00132.13N/AN/A0070
2023-03-20$16.61$0.0051.8%14.8%32.1%0.0%29.6%27.9%-8.7%27-708-40.00133.95N/AN/A4010
2023-03-21$16.63$19.0048.7%14.0%30.8%0.0%0.0%24.6%-7.7%154-2.2K-100.00133.18N/AN/A0050
2023-03-22$16.45$19.0038.1%10.9%30.9%0.0%0.0%1.7%-3.0%147-1.7K-80.00127.32N/AN/A0050
2023-03-23$16.11$19.0052.1%14.9%31.2%17.1%0.0%8.6%-10.2%131-1.7K-90.00132.16N/AN/A0050
2023-03-24$16.61$19.0043.7%12.5%32.1%10.2%0.0%5.3%6.1%156-1.8K-80.00127.26N/AN/A0050
2023-03-27$16.86$19.0053.2%15.2%31.5%18.0%0.0%32.2%-10.1%169-2.4K-100.00135.38N/AN/A0050
2023-03-28$16.82$19.0049.2%14.1%31.3%14.7%0.0%5.7%-12.5%172-2.0K-90.00130.43N/AN/A0050
2023-03-29$17.00$19.0028.6%8.2%31.2%0.0%0.0%3.1%-3.1%187-1.7K-80.00127.26N/AN/A0050
2023-03-30$17.13$19.0028.3%8.1%31.3%0.0%0.0%4.1%-3.0%193-1.6K-70.00123.77N/AN/A0050
2023-03-31$17.34$19.0055.5%15.9%30.6%22.0%0.0%24.1%-19.6%208-2.8K-100.00135.13N/AN/A0050