UGE Options History — September 2023

In September 2023, UGE traded between $14.53 and $16.11. ATM implied volatility averaged 57.1%, placing in the 26.3% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded above realized volatility by 38.1% (HV 20d: 19.0%). Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days.

Notable Days

  • 2023-09-13: Largest IV drop — 57.8% change
  • 2023-09-12: Highest IV Rank — 64.5%
  • 2023-09-26: Largest Expected Move — 22.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.49$14.53$16.11$15.94$14.55
ATM IV57.1%24.9%106.3%46.1%59.2%
Expected Move12.5%7.0%22.2%13.2%17.0%
HV 20d19.0%17.3%20.3%18.1%20.3%
HV 60d18.2%17.7%18.8%17.8%18.7%
IV Rank26.3%1.3%64.5%17.7%27.9%
IV Percentile48.5%0.4%96.3%31.5%59.5%
Term Structure-2.6%-21.3%14.3%-21.3%-13.7%
Skew 25d-0.6%-32.9%9.6%9.6%1.9%
Skew 10d5.5%1.0%17.9%17.9%8.1%
Call IV 25d50.1%28.9%135.3%40.0%72.2%
Put IV 25d49.5%28.0%102.4%49.7%74.0%
Bid-Ask Spread %139.33135.06144.87136.83139.63
Gamma HHI0.990.971.001.000.97
Net GEX432257545512289
Net DEX-6.4K-8.1K-3.6K-6.9K-4.5K
Net VEX-31-40-16-36-20
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI2222222222

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$15.94$0.0046.1%13.2%18.1%17.7%0.0%9.6%-21.3%512-6.9K-360.00136.83N/AN/A00220
2023-09-05$15.71$0.0071.5%12.0%17.4%37.5%0.0%4.2%-5.2%470-7.5K-380.00140.08N/AN/A00220
2023-09-06$15.57$0.0066.5%9.7%17.4%33.6%0.0%2.6%-1.9%439-6.5K-340.00137.62N/AN/A00220
2023-09-07$15.65$0.0070.6%10.3%17.3%36.7%0.0%1.4%1.6%456-6.8K-340.00144.87N/AN/A00220
2023-09-08$15.67$0.0074.0%7.0%17.4%39.4%0.0%-0.9%10.8%451-6.2K-340.00136.94N/AN/A00220
2023-09-11$15.97$0.0082.4%11.1%19.0%45.9%0.0%-0.1%-0.4%509-6.6K-330.00135.06N/AN/A00220
2023-09-12$15.72$0.00106.3%7.7%19.4%64.5%0.0%0.1%12.2%459-6.2K-330.00138.19N/AN/A00220
2023-09-13$15.78$0.0044.9%12.9%18.4%16.7%0.0%5.0%-6.9%480-7.4K-360.00141.42N/AN/A00220
2023-09-14$16.11$0.0024.9%7.2%20.2%1.3%0.0%-0.3%13.8%545-8.1K-400.00137.74N/AN/A00220
2023-09-15$15.90$0.0033.2%9.5%19.6%7.6%0.0%-0.2%14.3%499-7.2K-350.00136.81N/AN/A00220
2023-09-18$15.82$0.0046.8%13.4%19.3%18.3%0.0%-1.2%-9.2%485-7.4K-350.00141.23N/AN/A00220
2023-09-19$15.74$0.0045.6%13.1%19.1%17.3%0.0%3.4%-7.8%469-7.1K-340.00141.98N/AN/A00220
2023-09-20$15.80$0.0045.4%13.0%18.2%17.2%0.0%-10.4%-8.1%483-6.0K-290.00139.69N/AN/A00220
2023-09-21$15.42$0.0054.0%15.5%19.5%23.9%0.0%2.1%-11.1%428-6.5K-310.00140.84N/AN/A00220
2023-09-22$15.28$0.0053.8%15.4%19.4%23.7%0.0%1.8%-8.1%400-5.9K-270.00140.53N/AN/A00220
2023-09-25$15.03$0.0055.2%15.8%19.6%24.8%0.0%3.5%-12.2%365-5.7K-260.00141.35N/AN/A00220
2023-09-26$14.86$0.0077.5%22.2%19.5%42.2%0.0%-32.9%-13.4%357-8.1K-350.00143.54N/AN/A00220
2023-09-27$14.53$0.0043.6%12.5%19.8%15.8%0.0%-0.6%11.4%287-4.5K-200.00136.35N/AN/A00220
2023-09-28$14.66$0.0040.3%11.5%20.3%13.2%0.0%-0.7%4.1%257-3.6K-160.00135.83N/AN/A00220
2023-09-29$14.55$0.0059.2%17.0%20.3%27.9%0.0%1.9%-13.7%289-4.5K-200.00139.63N/AN/A00220