UGE Options History — August 2023

In August 2023, UGE traded between $15.93 and $17.60. ATM implied volatility averaged 46.6%, placing in the 18.1% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 29.1% (HV 20d: 17.6%). Max pain ranged from $16.00 to $16.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 4 of 23 days.

Notable Days

  • 2023-08-29: Largest IV spike — 63.1% change
  • 2023-08-07: Highest IV Rank — 35.6%
  • 2023-08-31: Largest Expected Move — 18.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.71$15.93$17.60$17.50$16.26
Max Pain$16.00$16.00$16.00$16.00$16.00
ATM IV46.6%29.3%69.1%43.2%64.2%
Expected Move12.2%7.9%18.4%12.4%18.4%
HV 20d17.6%16.4%19.1%16.9%18.0%
HV 60d18.8%17.3%19.6%18.9%17.3%
IV Rank18.1%4.6%35.6%15.4%31.8%
IV Percentile32.2%2.7%69.4%22.3%65.8%
Term Structure-6.5%-43.5%58.7%-19.0%-25.7%
Skew 25d9.7%-3.0%44.5%0.1%42.8%
Skew 10d6.2%-12.7%26.2%2.6%6.6%
Call IV 25d37.6%17.9%66.0%40.5%33.0%
Put IV 25d47.3%29.2%75.7%40.6%75.7%
Bid-Ask Spread %134.28124.53140.99127.65140.60
Gamma HHI0.680.381.000.471.00
Net GEX1.3K5072.6K2.6K567
Net DEX-17.4K-31.5K-6.8K-29.3K-9.6K
Net VEX-71-111-38-111-48
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI39.65222515122

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$17.50$16.0043.2%12.4%16.9%15.4%0.0%0.1%-19.0%2.6K-29.3K-1110.00127.65N/AN/A00465
2023-08-02$17.60$16.0054.5%15.6%17.0%24.3%0.0%3.1%-13.2%2.2K-30.5K-1110.00133.93N/AN/A00465
2023-08-03$17.52$0.0057.2%7.9%16.9%26.3%0.0%-3.0%23.4%1.7K-31.5K-1100.00128.21N/AN/A00465
2023-08-04$17.18$0.0059.9%12.0%16.4%28.4%0.0%2.5%-9.2%1.9K-24.2K-970.00134.75N/AN/A00465
2023-08-07$17.39$0.0069.1%12.8%16.7%35.6%0.0%3.9%-11.0%2.1K-26.9K-980.00138.88N/AN/A00465
2023-08-08$17.20$0.0051.9%8.7%17.2%22.2%0.0%0.7%-5.9%2.0K-26.1K-980.00128.87N/AN/A00465
2023-08-09$17.29$0.0029.9%8.6%17.0%5.1%0.0%0.3%-5.7%2.5K-22.7K-820.00124.53N/AN/A00465
2023-08-10$17.12$0.0042.8%12.3%17.2%15.1%0.0%2.5%-9.7%1.7K-26.7K-970.00132.80N/AN/A00465
2023-08-11$17.20$0.0045.0%12.9%17.2%16.9%0.0%4.4%-10.7%1.7K-28.1K-940.00137.23N/AN/A00465
2023-08-14$17.02$0.0037.3%10.7%17.6%10.8%0.0%2.7%5.3%1.9K-23.2K-840.00129.98N/AN/A00465
2023-08-15$16.66$0.0029.3%8.4%19.1%4.6%0.0%0.1%-5.6%1.6K-15.9K-720.00128.91N/AN/A00465
2023-08-16$16.57$0.0046.2%13.3%18.2%17.8%0.0%1.1%-12.5%1.4K-19.3K-700.00135.73N/AN/A00465
2023-08-17$16.26$0.0035.0%10.0%17.7%9.1%0.0%1.9%58.7%1.2K-10.2K-510.00131.87N/AN/A00465
2023-08-18$16.39$0.0032.5%9.3%17.8%7.1%0.0%1.2%6.6%584-9.9K-520.00126.91N/AN/A00465
2023-08-21$16.21$0.0052.8%15.1%17.3%22.9%0.0%23.4%-11.9%571-9.0K-470.00138.88N/AN/A00220
2023-08-22$15.93$0.0053.7%15.4%17.8%23.7%0.0%44.4%-15.8%507-8.9K-470.00138.71N/AN/A00220
2023-08-23$16.11$0.0035.9%10.3%18.6%9.8%0.0%4.8%-3.0%520-6.8K-400.00138.58N/AN/A00220
2023-08-24$15.95$0.0035.1%10.1%18.4%9.2%0.0%9.5%-1.5%518-6.8K-380.00135.48N/AN/A00220
2023-08-25$16.09$0.0057.1%16.4%17.4%26.3%0.0%44.5%-20.8%536-9.3K-500.00139.08N/AN/A00220
2023-08-28$16.18$0.0034.1%9.8%17.5%8.3%0.0%16.9%-5.3%572-8.0K-460.00135.84N/AN/A00220
2023-08-29$16.34$0.0055.5%15.9%18.2%25.0%0.0%15.3%-13.7%585-9.8K-490.00140.03N/AN/A00220
2023-08-30$16.38$0.0050.5%14.5%18.0%21.1%0.0%-0.6%-43.5%623-8.0K-410.00140.99N/AN/A00220
2023-08-31$16.26$0.0064.2%18.4%18.0%31.8%0.0%42.8%-25.7%567-9.6K-480.00140.60N/AN/A00220