UGE Options History — February 2026

In February 2026, UGE traded between $19.66 and $22.05. ATM implied volatility averaged 33.5%, placing in the 11.5% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 6.4% (HV 20d: 27.1%). Max pain ranged from $11.00 to $15.00. Net GEX was positive for 4 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 28.13.

Notable Days

  • 2026-02-12: Highest Volume — 552 contracts
  • 2026-02-19: Largest IV spike — 68.3% change
  • 2026-02-19: Highest IV Rank — 22.1%
  • 2026-02-19: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.23$19.66$22.05$19.66$22.05
Max Pain$12.00$11.00$15.00$15.00$11.00
ATM IV33.5%26.8%45.1%31.1%35.6%
Expected Move9.5%6.9%12.9%8.9%10.2%
HV 20d27.1%23.8%29.6%27.9%28.3%
HV 60d24.3%23.8%25.2%23.8%24.3%
IV Rank11.5%5.5%22.1%9.4%13.5%
IV Percentile30.6%5.6%79.0%15.5%43.3%
Term Structure1.2%-7.9%11.3%-7.2%-6.6%
VWIV113.1%35.6%150.1%123.4%35.6%
Skew 25d4.9%-1.6%13.5%1.2%3.0%
Skew 10d1.4%-11.9%10.7%2.0%1.4%
Call IV 25d30.8%24.3%55.5%34.9%31.1%
Put IV 25d35.7%25.7%54.6%36.1%34.2%
Bid-Ask Spread %123.24118.90131.14123.49126.05
Gamma HHI0.540.230.850.230.64
Net GEX-23.2K-64.7K1.4K1.4K-28.7K
Net DEX557.8K-64.8K922.8K-54.6K807.8K
Net VEX-1.6K-2.8K-71-89-2.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio28.130.00275.000.000.91
Total Volume77.895055200
Total OI681.316381,37138908

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$19.66$15.0031.1%8.9%27.9%9.4%0.0%1.2%-7.2%1.4K-54.6K-890.00123.49N/AN/A00380
2026-02-03$20.26$15.0028.6%8.2%28.3%7.2%0.0%8.1%3.6%1.4K-61.4K-710.00121.73N/AN/A00380
2026-02-04$20.76$15.0036.2%10.4%28.6%14.0%0.0%-1.6%-7.9%1.2K-64.8K-780.00121.67N/AN/A00380
2026-02-05$20.76$0.0038.4%9.9%26.4%16.0%0.0%13.0%1.3%1.1K-63.4K-860.00120.71N/AN/A0376380
2026-02-06$21.23$0.0032.4%9.8%23.8%10.6%0.0%10.5%0.4%-10.7K545.5K-1.4K0.00123.28N/AN/A01038376
2026-02-09$21.01$0.0032.6%9.1%24.7%10.8%0.0%3.1%6.3%-11.1K575.6K-1.2K0.00122.54N/AN/A0038386
2026-02-10$20.91$0.0028.8%6.9%24.9%7.3%0.0%1.3%11.3%-10.4K541.3K-1.3K0.00121.35N/AN/A35038386
2026-02-11$21.45$0.0029.9%8.6%25.2%8.3%0.0%4.1%5.6%-10.0K544.2K-1.2K0.09124.50N/AN/A11172386
2026-02-12$21.98$0.0029.9%8.6%24.8%8.3%0.0%1.1%8.3%-12.1K487.2K-1.4K275.00124.79N/AN/A255083387
2026-02-13$21.88$0.0029.5%8.5%25.2%7.9%123.4%1.4%5.5%-37.2K825.1K-2.1K0.00121.59N/AN/A43050937
2026-02-17$21.29$11.0042.2%12.1%27.5%19.4%124.8%11.8%-5.5%-48.9K754.0K-2.2K5.06118.90N/AN/A5427387937
2026-02-18$21.21$11.0026.8%7.7%27.7%5.5%0.0%8.6%7.9%-64.7K836.8K-2.4K0.25120.33N/AN/A1641411,210
2026-02-19$21.02$11.0045.1%12.9%28.2%22.1%150.1%-0.9%-7.7%-60.8K922.8K-2.4K0.00131.14N/AN/A4501571,214
2026-02-20$21.13$11.0038.5%11.0%27.9%16.1%0.0%1.0%-3.3%-48.2K865.5K-2.1K0.00122.89N/AN/A1001321,211
2026-02-23$21.70$11.0028.2%8.1%28.7%6.8%131.8%2.9%5.5%-24.9K722.4K-2.5K0.00121.50N/AN/A290110806
2026-02-24$21.95$11.0033.2%9.5%28.7%11.3%35.6%3.0%-1.9%-28.0K815.7K-2.1K0.91125.11N/AN/A111081806
2026-02-25$21.66$11.0034.8%10.0%29.6%12.8%0.0%7.5%4.0%-26.2K821.0K-2.4K0.00123.70N/AN/A0092816
2026-02-26$21.55$11.0033.8%9.7%28.0%11.9%0.0%13.5%4.1%-23.3K777.6K-2.8K0.00126.25N/AN/A0092816
2026-02-27$22.05$11.0035.6%10.2%28.3%13.5%0.0%3.0%-6.6%-28.7K807.8K-2.1K0.00126.05N/AN/A0092816