UGE Options History — November 2025

In November 2025, UGE traded between $15.85 and $17.37. ATM implied volatility averaged 38.4%, placing in the 16.0% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 11.0% (HV 20d: 27.4%). Max pain ranged from $15.00 to $17.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-11-03: Highest Volume — 9 contracts
  • 2025-11-12: Largest IV drop — 37.1% change
  • 2025-11-11: Highest IV Rank — 30.9%
  • 2025-11-04: Largest Expected Move — 11.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.47$15.85$17.37$15.96$17.37
Max Pain$16.00$15.00$17.00$15.00$17.00
ATM IV38.4%31.8%54.8%37.9%39.9%
Expected Move10.3%9.1%11.6%10.9%11.4%
HV 20d27.4%25.7%30.9%26.8%26.4%
HV 60d23.0%22.2%24.6%22.2%24.6%
IV Rank16.0%10.0%30.9%15.5%17.4%
IV Percentile40.1%16.3%79.8%38.1%50.4%
Term Structure-1.9%-10.6%12.6%12.6%-6.7%
VWIV53.2%43.4%63.1%63.1%43.4%
Skew 25d3.3%-2.0%11.1%1.9%4.0%
Skew 10d4.9%0.9%16.5%2.0%4.8%
Call IV 25d39.8%23.6%56.2%52.9%42.5%
Put IV 25d43.1%28.9%56.5%54.8%46.5%
Bid-Ask Spread %126.02120.87129.41126.50129.41
Gamma HHI0.210.180.300.200.18
Net GEX8135201.1K768575
Net DEX-23.2K-37.7K-11.3K-19.3K-14.0K
Net VEX-61-74-50-71-53
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.9470991
Total OI60.05319736120

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$15.96$15.0037.9%10.9%26.8%15.5%63.1%1.9%12.6%768-19.3K-710.00126.50N/AN/A094021
2025-11-04$16.02$15.0040.3%11.6%26.1%17.8%0.0%3.1%10.9%614-18.1K-740.00127.28N/AN/A004030
2025-11-05$16.05$15.0039.9%11.4%26.1%17.4%0.0%-2.0%9.7%680-19.4K-730.00125.64N/AN/A204030
2025-11-06$15.85$0.0039.3%9.9%26.2%16.9%0.0%1.8%-3.8%682-18.4K-710.00126.96N/AN/A004030
2025-11-07$16.30$0.0042.7%9.8%28.3%20.0%0.0%4.2%-5.5%728-22.3K-700.00126.53N/AN/A004030
2025-11-10$16.17$0.0045.4%9.9%28.3%22.3%0.0%3.2%-2.2%750-21.3K-650.00127.96N/AN/A204030
2025-11-11$16.64$0.0054.8%9.4%28.5%30.9%0.0%3.6%-4.7%1.0K-29.5K-630.00126.27N/AN/A004230
2025-11-12$16.61$0.0034.5%9.9%28.3%12.5%0.0%1.5%-8.0%1.0K-29.1K-640.00128.65N/AN/A004230
2025-11-13$16.60$0.0034.9%10.0%27.9%12.9%0.0%1.8%-6.9%1.0K-29.5K-610.00128.03N/AN/A004230
2025-11-14$16.55$0.0033.6%9.6%25.7%11.7%0.0%2.5%-4.0%1.0K-28.3K-600.00126.71N/AN/A004230
2025-11-17$16.32$0.0038.5%11.0%26.0%16.1%0.0%1.4%-8.1%1.1K-27.5K-580.00126.47N/AN/A004230
2025-11-18$16.50$0.0039.3%11.3%26.5%16.9%0.0%2.9%-10.6%1.0K-28.4K-550.00127.04N/AN/A104230
2025-11-19$16.23$0.0031.8%9.1%26.4%10.0%0.0%7.7%9.9%1.1K-30.7K-540.00121.58N/AN/A004330
2025-11-20$16.52$0.0037.6%10.8%27.4%15.3%0.0%11.1%-4.2%1.1K-32.2K-530.00123.43N/AN/A004330
2025-11-21$16.84$0.0036.1%10.4%28.4%13.9%0.0%4.3%-5.3%573-37.7K-510.00124.44N/AN/A204330
2025-11-24$16.41$0.0032.1%9.2%29.7%10.3%43.4%0.3%-1.2%520-11.3K-500.00120.87N/AN/A01190
2025-11-25$16.82$17.0035.4%10.1%30.9%13.3%0.0%5.5%-4.3%528-11.4K-520.00125.47N/AN/A00191
2025-11-26$17.24$17.0034.9%10.0%26.3%12.8%0.0%4.4%-4.0%574-13.2K-530.00125.11N/AN/A00191
2025-11-28$17.37$17.0039.9%11.4%26.4%17.4%0.0%4.0%-6.7%575-14.0K-530.00129.41N/AN/A10191