UGE Options History — July 2025

In July 2025, UGE traded between $17.95 and $19.08. ATM implied volatility averaged 35.6%, placing in the 10.9% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 13.2% (HV 20d: 22.4%). Max pain ranged from $17.00 to $18.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2025-07-21: Highest Volume — 8 contracts
2025-07-09: Largest IV drop — 34.4% change
2025-07-08: Highest IV Rank — 20.6%
2025-07-28: Largest Expected Move — 11.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.55	$17.95	$19.08	$19.02	$17.95
Max Pain	$17.09	$17.00	$18.00	$18.00	$17.00
ATM IV	35.6%	27.7%	46.0%	34.4%	38.7%
Expected Move	9.7%	7.9%	11.5%	9.9%	11.1%
HV 20d	22.4%	17.2%	25.1%	24.8%	17.3%
HV 60d	25.3%	20.8%	37.9%	37.9%	21.4%
IV Rank	10.9%	3.4%	20.6%	9.7%	13.7%
IV Percentile	22.8%	2.4%	58.7%	16.3%	31.3%
Term Structure	-10.8%	-16.4%	-2.7%	-4.5%	-12.8%
VWIV	34.2%	34.2%	34.2%	34.2%	34.2%
Skew 25d	3.3%	-2.8%	13.5%	3.7%	2.0%
Skew 10d	20.8%	2.1%	59.7%	4.1%	10.2%
Call IV 25d	38.3%	23.9%	46.6%	41.4%	46.6%
Put IV 25d	41.7%	36.3%	48.7%	45.1%	48.7%
Bid-Ask Spread %	125.73	122.17	128.29	122.17	126.22
Gamma HHI	0.41	0.38	0.49	0.38	0.42
Net GEX	2.0K	1.6K	2.6K	1.7K	1.9K
Net DEX	-35.6K	-42.5K	-27.7K	-40.9K	-27.7K
Net VEX	-65	-87	-53	-87	-53
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.364	0	8	0	0
Total OI	36.364	34	38	38	34

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Call OI
2025-07-01	$19.02	$18.00	34.4%	9.9%	24.8%	9.7%	0.0%	3.7%	-4.5%	1.7K	-40.9K	-87	122.17	N/A	N/A	0	38
2025-07-02	$19.07	$18.00	36.9%	10.6%	24.8%	12.1%	0.0%	3.1%	-2.7%	2.0K	-42.4K	-78	124.92	N/A	N/A	0	38
2025-07-03	$19.08	$17.00	38.0%	8.2%	24.6%	13.1%	0.0%	12.4%	-7.6%	2.0K	-42.5K	-79	127.58	N/A	N/A	0	38
2025-07-07	$18.95	$17.00	44.7%	8.3%	23.3%	19.4%	0.0%	13.5%	-8.7%	1.9K	-40.9K	-77	125.76	N/A	N/A	0	38
2025-07-08	$18.74	$17.00	46.0%	8.4%	23.6%	20.6%	0.0%	5.9%	-11.1%	2.1K	-38.7K	-74	125.61	N/A	N/A	0	38
2025-07-09	$18.38	$17.00	30.1%	8.6%	24.6%	5.8%	0.0%	2.6%	-12.9%	2.2K	-34.1K	-70	126.01	N/A	N/A	0	38
2025-07-10	$18.64	$17.00	27.7%	7.9%	25.1%	3.4%	0.0%	3.0%	-10.0%	2.1K	-37.3K	-67	127.41	N/A	N/A	0	38
2025-07-11	$18.49	$17.00	32.6%	9.3%	25.1%	8.0%	0.0%	1.3%	-15.4%	2.3K	-35.8K	-66	125.81	N/A	N/A	0	38
2025-07-14	$18.43	$17.00	31.3%	9.0%	24.6%	6.8%	0.0%	0.9%	-13.8%	2.2K	-35.0K	-64	125.64	N/A	N/A	0	38
2025-07-15	$18.17	$17.00	31.9%	9.1%	23.5%	7.4%	0.0%	1.9%	-13.1%	2.6K	-32.2K	-67	124.78	N/A	N/A	0	38
2025-07-16	$18.18	$17.00	31.8%	9.1%	23.3%	7.3%	0.0%	2.3%	-11.1%	2.3K	-31.6K	-61	124.68	N/A	N/A	0	38
2025-07-17	$18.49	$17.00	34.6%	9.9%	23.7%	9.9%	0.0%	0.9%	-15.9%	2.4K	-36.5K	-64	125.75	N/A	N/A	0	38
2025-07-18	$18.46	$17.00	35.3%	10.1%	23.7%	10.5%	0.0%	-0.1%	-13.4%	2.0K	-38.7K	-61	123.58	N/A	N/A	0	38
2025-07-21	$18.44	$17.00	36.6%	10.5%	23.6%	11.8%	34.2%	-2.8%	-16.4%	2.5K	-32.6K	-55	127.01	N/A	N/A	8	34
2025-07-22	$18.70	$17.00	31.7%	9.1%	22.4%	7.2%	0.0%	4.5%	-6.6%	1.7K	-35.8K	-60	123.63	N/A	N/A	0	34
2025-07-23	$18.70	$17.00	33.7%	9.7%	22.4%	9.1%	0.0%	5.4%	-9.4%	1.6K	-35.7K	-60	128.29	N/A	N/A	0	34
2025-07-24	$18.63	$17.00	33.7%	9.7%	18.2%	9.1%	0.0%	3.4%	-6.7%	1.7K	-35.1K	-61	127.57	N/A	N/A	0	34
2025-07-25	$18.66	$17.00	34.5%	9.9%	18.1%	9.9%	0.0%	3.0%	-7.4%	1.7K	-35.4K	-58	127.58	N/A	N/A	0	34
2025-07-28	$18.28	$17.00	40.3%	11.5%	19.4%	15.2%	0.0%	1.0%	-13.5%	1.8K	-31.2K	-56	125.86	N/A	N/A	0	34
2025-07-29	$18.45	$17.00	39.4%	11.3%	19.4%	14.4%	0.0%	4.2%	-11.4%	1.8K	-33.2K	-53	126.44	N/A	N/A	0	34
2025-07-30	$18.13	$17.00	39.7%	11.4%	17.2%	14.7%	0.0%	1.3%	-13.5%	1.9K	-30.1K	-57	123.70	N/A	N/A	0	34
2025-07-31	$17.95	$17.00	38.7%	11.1%	17.3%	13.7%	0.0%	2.0%	-12.8%	1.9K	-27.7K	-53	126.22	N/A	N/A	0	34