UGE Options History — January 2024

In January 2024, UGE traded between $15.56 and $16.27. ATM implied volatility averaged 50.0%, placing in the 9.3% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded above realized volatility by 28.4% (HV 20d: 21.6%). Max pain ranged from $9.00 to $16.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days.

Notable Days

  • 2024-01-29: Largest IV spike — 119.2% change
  • 2024-01-30: Highest IV Rank — 32.7%
  • 2024-01-30: Largest Expected Move — 33.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.89$15.56$16.27$16.07$16.07
Max Pain$9.67$9.00$16.00$16.00$9.00
ATM IV50.0%24.5%117.3%110.1%46.7%
Expected Move14.1%7.0%33.6%31.6%13.4%
HV 20d21.6%15.2%26.6%26.1%18.2%
HV 60d22.6%21.0%24.0%24.0%21.0%
IV Rank9.3%0.4%32.7%30.2%8.1%
IV Percentile39.2%0.4%95.6%94.8%46.8%
Term Structure-10.4%-69.4%19.0%-0.4%-23.6%
Skew 25d15.2%-5.3%156.0%156.0%-1.0%
Skew 10d33.5%1.8%203.1%156.5%1.8%
Call IV 25d50.0%33.1%95.4%43.7%48.0%
Put IV 25d65.2%33.0%247.3%199.7%47.0%
Bid-Ask Spread %137.69131.10155.34155.34133.78
Gamma HHI0.960.881.000.941.00
Net GEX1.7K234.7K3.0K52
Net DEX-23.1K-35.8K-9.6K-32.3K-11.0K
Net VEX-20-480-48-1
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI25.571737377

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$16.07$16.00110.1%31.6%26.1%30.2%0.0%156.0%-0.4%3.0K-32.3K-480.00155.34N/AN/A00370
2024-01-03$15.88$16.0044.3%12.7%26.6%7.3%0.0%0.1%3.1%2.7K-29.6K-430.00137.67N/AN/A00370
2024-01-04$15.88$9.0041.4%11.9%25.8%6.3%0.0%2.9%-11.9%3.4K-29.2K-420.00138.85N/AN/A00370
2024-01-05$15.70$9.0045.2%11.5%26.1%7.6%0.0%2.4%-10.6%1.6K-32.2K-430.00137.96N/AN/A00370
2024-01-08$15.95$9.0045.3%11.7%26.4%7.6%0.0%-0.1%-13.6%4.4K-29.2K-330.00135.19N/AN/A00370
2024-01-09$15.96$9.0052.3%11.7%25.8%10.1%0.0%-5.3%-10.6%3.8K-34.6K-360.00138.18N/AN/A00370
2024-01-10$15.95$9.0042.0%12.0%25.5%6.5%0.0%3.1%-12.4%4.7K-33.8K-350.00138.94N/AN/A00370
2024-01-11$15.90$9.0042.7%12.2%25.6%6.7%0.0%3.0%-12.6%1.8K-34.3K-330.00137.96N/AN/A00370
2024-01-12$16.02$9.0042.5%12.2%22.5%6.7%0.0%2.3%-12.2%3.8K-35.8K-310.00139.26N/AN/A00370
2024-01-16$15.81$9.0045.4%13.0%20.6%7.7%0.0%-0.7%-14.5%1.9K-33.0K-210.00136.25N/AN/A00370
2024-01-17$15.84$9.0046.8%13.4%20.5%8.2%0.0%2.6%-16.3%1.8K-33.3K-190.00139.35N/AN/A00370
2024-01-18$15.80$9.0031.4%9.0%19.2%2.8%0.0%-0.3%19.0%2.0K-33.0K-120.00132.85N/AN/A00370
2024-01-19$15.73$9.0046.4%13.3%19.3%8.0%0.0%2.5%-9.9%101-10.1K-40.00138.03N/AN/A00370
2024-01-22$15.56$9.0040.8%11.7%15.2%6.1%0.0%-0.7%-9.4%96-10.2K-30.00138.22N/AN/A0070
2024-01-23$15.91$9.0036.0%10.3%16.8%4.4%0.0%-0.5%11.8%58-10.8K-20.00134.61N/AN/A0070
2024-01-24$15.57$9.0052.9%15.2%18.2%10.3%0.0%0.1%-12.7%110-9.9K-40.00139.80N/AN/A0070
2024-01-25$15.73$9.0042.6%12.2%18.1%6.7%0.0%-0.5%-9.9%79-10.5K-20.00136.26N/AN/A0070
2024-01-26$15.92$9.0024.5%7.0%18.5%0.4%0.0%0.0%12.9%23-11.1K00.00131.10N/AN/A0070
2024-01-29$16.08$9.0053.7%15.4%18.8%10.6%0.0%1.5%-15.9%80-10.7K-30.00136.60N/AN/A0070
2024-01-30$16.27$9.00117.3%33.6%19.1%32.7%0.0%151.8%-69.4%88-9.6K-60.00135.29N/AN/A0070
2024-01-31$16.07$9.0046.7%13.4%18.2%8.1%0.0%-1.0%-23.6%52-11.0K-10.00133.78N/AN/A0070