UGE Options History — December 2025

In December 2025, UGE traded between $16.75 and $17.47. ATM implied volatility averaged 36.7%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 15.2% (HV 20d: 21.6%). Max pain ranged from $16.00 to $17.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2025-12-30: Highest Volume — 40 contracts
2025-12-08: Largest IV spike — 81.6% change
2025-12-09: Highest IV Rank — 27.9%
2025-12-01: Largest Expected Move — 12.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$17.08	$16.75	$17.47	$17.39	$16.80
Max Pain	$16.33	$16.00	$17.00	$17.00	$16.00
ATM IV	36.7%	22.4%	51.4%	44.0%	26.4%
Expected Move	10.4%	6.4%	12.6%	12.6%	7.6%
HV 20d	21.6%	13.7%	26.4%	26.0%	13.7%
HV 60d	23.6%	22.9%	24.6%	24.6%	22.9%
IV Rank	14.5%	1.5%	27.9%	21.1%	5.1%
IV Percentile	38.5%	0.4%	80.2%	63.9%	2.8%
Term Structure	-5.8%	-18.0%	2.7%	-13.2%	-5.5%
VWIV	34.8%	28.3%	41.3%	41.3%	28.3%
Skew 25d	3.0%	-3.7%	18.2%	11.3%	-0.1%
Skew 10d	4.0%	-0.1%	9.6%	0.8%	2.4%
Call IV 25d	38.5%	23.9%	48.2%	26.4%	38.8%
Put IV 25d	41.5%	26.2%	50.0%	37.7%	38.7%
Bid-Ask Spread %	127.57	118.97	132.60	119.73	120.47
Gamma HHI	0.22	0.17	0.39	0.17	0.39
Net GEX	628	445	1.0K	530	1.0K
Net DEX	-16.0K	-25.1K	-13.0K	-16.2K	-25.1K
Net VEX	-54	-102	-38	-57	-102
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	2.273	0	40	0	0
Total OI	21.955	20	33	21	33

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	Put OI
2025-12-01	$17.39	$17.00	44.0%	12.6%	26.0%	21.1%	0.0%	11.3%	-13.2%	530	-16.2K	-57	119.73	N/A	N/A	0	20	1
2025-12-02	$17.16	$17.00	39.9%	11.4%	25.7%	17.4%	0.0%	1.9%	-8.5%	600	-14.0K	-53	122.65	N/A	N/A	3	20	1
2025-12-03	$17.17	$17.00	36.4%	10.4%	25.7%	14.2%	0.0%	18.2%	-11.4%	559	-15.0K	-52	124.40	N/A	N/A	0	20	1
2025-12-04	$16.95	$0.00	28.2%	9.6%	26.4%	6.8%	0.0%	-0.2%	-0.9%	502	-14.2K	-56	130.13	N/A	N/A	0	20	1
2025-12-05	$17.02	$0.00	28.2%	11.6%	25.8%	6.7%	0.0%	2.6%	-2.7%	469	-14.8K	-57	128.86	N/A	N/A	0	20	1
2025-12-08	$16.75	$0.00	51.2%	10.3%	24.9%	27.7%	0.0%	3.0%	-5.6%	512	-13.0K	-54	132.60	N/A	N/A	0	20	1
2025-12-09	$16.77	$0.00	51.4%	10.2%	24.7%	27.9%	0.0%	1.5%	-4.3%	518	-13.0K	-53	131.87	N/A	N/A	0	20	1
2025-12-10	$16.87	$0.00	36.2%	10.4%	22.7%	14.0%	0.0%	3.5%	-4.1%	526	-13.5K	-53	132.07	N/A	N/A	0	20	1
2025-12-11	$17.12	$0.00	36.4%	10.4%	23.2%	14.2%	41.3%	1.6%	2.7%	445	-14.6K	-53	129.88	N/A	N/A	2	20	1
2025-12-12	$17.34	$16.00	36.0%	10.3%	23.5%	13.9%	0.0%	2.4%	-4.0%	661	-18.3K	-57	131.59	N/A	N/A	0	22	1
2025-12-15	$17.47	$16.00	38.0%	10.9%	23.5%	15.7%	0.0%	3.3%	-6.4%	677	-19.0K	-54	131.43	N/A	N/A	0	22	1
2025-12-16	$17.39	$16.00	36.3%	10.4%	22.8%	14.1%	0.0%	2.7%	-5.1%	648	-18.6K	-54	129.84	N/A	N/A	0	22	1
2025-12-17	$17.45	$16.00	38.6%	11.1%	22.6%	16.2%	0.0%	3.4%	-5.1%	627	-19.0K	-53	132.05	N/A	N/A	0	22	1
2025-12-18	$17.34	$16.00	38.2%	11.0%	21.8%	15.9%	0.0%	2.2%	-6.1%	674	-18.2K	-53	130.10	N/A	N/A	0	22	1
2025-12-19	$17.18	$16.00	36.5%	10.5%	21.5%	14.3%	28.3%	1.4%	-4.6%	586	-18.0K	-52	132.38	N/A	N/A	2	22	1
2025-12-22	$16.92	$0.00	38.9%	11.2%	21.3%	16.5%	0.0%	3.8%	-9.4%	654	-13.8K	-44	130.94	N/A	N/A	0	20	0
2025-12-23	$16.83	$0.00	38.3%	11.0%	19.1%	15.9%	0.0%	2.1%	-0.9%	627	-14.2K	-47	132.37	N/A	N/A	0	20	0
2025-12-24	$16.90	$0.00	36.7%	10.5%	17.0%	14.5%	0.0%	3.4%	-5.5%	673	-14.1K	-44	122.20	N/A	N/A	0	20	0
2025-12-26	$16.93	$0.00	38.5%	11.0%	14.4%	16.1%	0.0%	1.8%	-8.1%	659	-14.4K	-45	123.00	N/A	N/A	0	20	0
2025-12-29	$16.98	$0.00	22.4%	6.4%	14.2%	1.5%	0.0%	-1.0%	-0.5%	735	-13.3K	-38	118.97	N/A	N/A	3	20	0
2025-12-30	$16.95	$0.00	31.4%	9.0%	14.1%	9.7%	0.0%	-3.7%	-18.0%	887	-17.3K	-47	118.99	N/A	N/A	40	23	0
2025-12-31	$16.80	$0.00	26.4%	7.6%	13.7%	5.1%	0.0%	-0.1%	-5.5%	1.0K	-25.1K	-102	120.47	N/A	N/A	0	33	0