UGE Options History — October 2025

In October 2025, UGE traded between $16.23 and $17.73. ATM implied volatility averaged 43.9%, placing in the 21.0% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 23.0% (HV 20d: 20.8%). Max pain ranged from $15.00 to $17.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 0.40.

Notable Days

2025-10-17: Highest Volume — 20 contracts
2025-10-24: Largest IV spike — 73.8% change
2025-10-14: Highest IV Rank — 53.4%
2025-10-24: Largest Expected Move — 16.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$17.13	$16.23	$17.73	$17.14	$16.23
Max Pain	$15.70	$15.00	$17.00	$17.00	$15.00
ATM IV	43.9%	31.1%	79.5%	32.3%	37.2%
Expected Move	10.2%	8.5%	16.7%	9.3%	10.7%
HV 20d	20.8%	17.2%	27.2%	19.9%	27.0%
HV 60d	20.8%	19.6%	23.3%	20.1%	22.1%
IV Rank	21.0%	9.4%	53.4%	10.5%	15.0%
IV Percentile	47.2%	11.9%	92.5%	18.3%	36.5%
Term Structure	-5.9%	-27.4%	15.0%	15.0%	7.7%
VWIV	49.2%	23.9%	108.8%	27.6%	63.2%
Skew 25d	1.1%	-18.2%	15.0%	11.9%	3.6%
Skew 10d	6.3%	-11.7%	44.8%	4.5%	3.9%
Call IV 25d	44.2%	36.3%	72.8%	38.5%	48.3%
Put IV 25d	45.3%	27.5%	56.9%	50.5%	52.0%
Bid-Ask Spread %	126.34	121.43	132.47	128.33	126.67
Gamma HHI	0.22	0.15	0.32	0.29	0.19
Net GEX	768	539	1.1K	553	804
Net DEX	-21.7K	-36.7K	-8.9K	-8.9K	-21.5K
Net VEX	-75	-92	-46	-46	-74
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.40	0.00	2.00	0.00	0.00
Total Volume	2.304	0	20	6	0
Total OI	40.478	26	61	26	61

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-10-01	$17.14	$17.00	32.3%	9.3%	19.9%	10.5%	0.0%	11.9%	15.0%	553	-8.9K	-46	0.00	128.33	N/A	N/A	6	0	24	2
2025-10-02	$16.97	$17.00	44.6%	12.8%	19.9%	21.7%	0.0%	7.0%	-16.2%	699	-14.2K	-82	0.00	129.48	N/A	N/A	0	0	30	2
2025-10-03	$17.09	$17.00	45.0%	12.9%	20.1%	22.0%	0.0%	1.1%	-6.1%	742	-13.7K	-72	0.00	129.21	N/A	N/A	0	0	30	2
2025-10-06	$16.76	$16.00	48.0%	8.8%	20.6%	24.7%	0.0%	4.6%	-5.1%	668	-12.9K	-76	0.00	125.28	N/A	N/A	0	0	30	2
2025-10-07	$17.01	$16.00	45.6%	8.5%	21.0%	22.6%	0.0%	6.9%	-2.5%	695	-13.8K	-78	0.00	123.64	N/A	N/A	0	0	30	2
2025-10-08	$16.88	$16.00	51.8%	8.9%	19.9%	28.2%	27.6%	-10.0%	-11.3%	690	-12.6K	-70	2.00	124.75	N/A	N/A	1	2	30	2
2025-10-09	$16.96	$16.00	53.6%	9.1%	18.4%	29.8%	0.0%	7.3%	-2.7%	615	-12.9K	-81	0.00	126.86	N/A	N/A	0	0	30	4
2025-10-10	$17.06	$16.00	58.4%	10.0%	18.6%	34.2%	0.0%	4.9%	-9.4%	539	-13.5K	-75	0.00	122.58	N/A	N/A	0	0	30	4
2025-10-13	$16.89	$16.00	75.8%	9.2%	17.2%	50.0%	33.3%	-11.0%	-15.0%	595	-12.3K	-69	0.00	125.47	N/A	N/A	2	0	30	4
2025-10-14	$17.35	$16.00	79.5%	9.3%	19.7%	53.4%	0.0%	-6.6%	-11.7%	857	-18.0K	-71	0.00	124.14	N/A	N/A	0	0	32	4
2025-10-15	$17.49	$16.00	35.1%	10.1%	19.5%	13.0%	0.0%	-9.3%	-16.2%	660	-20.2K	-69	0.00	125.38	N/A	N/A	0	0	32	4
2025-10-16	$17.23	$16.00	33.7%	9.6%	19.3%	11.7%	0.0%	0.6%	-11.3%	731	-17.4K	-76	0.00	121.43	N/A	N/A	0	0	32	4
2025-10-17	$17.70	$16.00	31.7%	9.1%	21.7%	9.9%	50.6%	15.0%	-4.0%	801	-20.4K	-86	0.00	125.67	N/A	N/A	20	0	32	4
2025-10-20	$17.67	$15.00	33.1%	9.5%	20.0%	11.3%	23.9%	2.7%	-4.9%	948	-36.7K	-79	0.00	127.23	N/A	N/A	2	0	41	3
2025-10-21	$17.54	$15.00	32.4%	9.3%	20.2%	10.6%	0.0%	13.2%	-4.9%	1.0K	-32.6K	-90	0.00	127.82	N/A	N/A	0	0	40	3
2025-10-22	$17.73	$15.00	31.1%	8.9%	20.5%	9.4%	37.4%	4.9%	-6.0%	788	-36.2K	-68	0.00	124.19	N/A	N/A	0	1	40	3
2025-10-23	$17.53	$15.00	33.5%	9.6%	20.2%	11.6%	0.0%	13.5%	-4.3%	1.1K	-33.0K	-86	0.00	127.44	N/A	N/A	0	0	40	2
2025-10-24	$17.43	$15.00	58.3%	16.7%	20.3%	34.1%	0.0%	-18.2%	-27.4%	712	-36.1K	-73	0.00	132.47	N/A	N/A	0	0	40	2
2025-10-27	$17.41	$15.00	37.2%	10.7%	20.3%	15.0%	108.8%	-4.3%	-6.5%	1.0K	-32.0K	-92	0.00	126.86	N/A	N/A	0	18	40	2
2025-10-28	$17.16	$15.00	36.9%	10.6%	20.8%	14.7%	63.2%	-13.3%	-16.6%	850	-34.0K	-60	0.00	128.21	N/A	N/A	0	1	40	20
2025-10-29	$16.33	$15.00	36.8%	10.5%	27.2%	14.5%	0.0%	1.6%	9.8%	796	-23.1K	-80	0.00	124.32	N/A	N/A	0	0	40	21
2025-10-30	$16.37	$15.00	37.7%	10.8%	27.1%	15.4%	0.0%	0.3%	13.6%	792	-22.8K	-78	0.00	128.36	N/A	N/A	0	0	40	21
2025-10-31	$16.23	$15.00	37.2%	10.7%	27.0%	15.0%	0.0%	3.6%	7.7%	804	-21.5K	-74	0.00	126.67	N/A	N/A	0	0	40	21