UYG Options History — October 2008

In October 2008, UYG traded between $12.65 and $31.15. ATM implied volatility averaged 162.3%, placing in the 61.6% IV rank vs the trailing year. The 30-day expected move averaged 43.2%. IV traded below realized volatility by 21.3% (HV 20d: 183.6%). Max pain ranged from $15.00 to $35.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 0.35.

Notable Days

  • 2008-10-10: Highest Volume — 114,948 contracts
  • 2008-10-09: Largest IV spike — 39.0% change
  • 2008-10-02: Highest IV Rank — 100.0%
  • 2008-10-09: Largest Expected Move — 66.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.25$12.65$31.15$31.15$16.57
Max Pain$21.52$15.00$35.00$35.00$15.00
ATM IV162.3%109.5%279.8%149.8%129.7%
Expected Move43.2%31.4%66.7%42.9%37.2%
HV 20d183.6%165.1%203.4%167.7%183.4%
HV 60d142.2%130.1%149.6%130.8%149.2%
IV Rank61.6%27.8%100.0%94.0%36.4%
IV Percentile93.9%82.5%100.0%99.4%85.5%
Term Structure-10.8%-29.6%6.4%-29.6%-2.3%
VWIV148.9%107.3%224.0%148.6%130.4%
Skew 25d11.5%-6.4%31.5%10.1%27.9%
Skew 10d19.6%-4.8%49.6%18.2%40.4%
Call IV 25d143.5%105.0%205.5%144.4%114.5%
Put IV 25d155.0%111.4%231.1%154.5%142.3%
Bid-Ask Spread %22.0310.4841.1818.3610.48
Gamma HHI0.140.080.240.160.11
Net GEX986.0K380.2K2.1M1.6M1.3M
Net DEX3.4M-71.8M58.3M-71.8M-42.3M
Net VEX-451.4K-852.0K-261.9K-852.0K-448.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.350.140.620.430.30
Total Volume40,218.26111,604114,94825,25419,572
Total OI254,211.913188,136346,146211,368266,646

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-10-01$31.15$35.00149.8%42.9%167.7%94.0%148.6%10.1%-29.6%1.6M-71.8M-852.0K0.4318.36N/AN/A17,6947,560136,76474,604
2008-10-02$28.75$33.33157.9%45.3%167.1%100.0%157.8%-6.4%-25.3%1.3M-39.0M-793.7K0.5017.03N/AN/A12,6426,288142,91476,698
2008-10-03$26.58$33.33142.7%40.9%167.2%86.7%145.5%-6.2%-12.4%1.1M7.2M-699.4K0.3018.95N/AN/A23,1966,972146,04079,686
2008-10-06$24.53$30.00170.6%43.0%165.1%100.0%147.4%11.7%-23.5%897.5K21.1M-621.4K0.4736.96N/AN/A36,19816,932148,39880,424
2008-10-07$19.77$30.00191.5%45.7%176.1%100.0%157.9%0.3%-21.2%520.0K58.3M-489.9K0.3234.87N/AN/A36,86411,658153,95485,956
2008-10-08$17.92$23.33201.4%46.5%177.8%100.0%164.1%3.5%-21.3%601.8K56.6M-446.3K0.2832.84N/AN/A47,26213,236172,33888,836
2008-10-09$14.02$23.33279.8%66.7%190.7%100.0%224.0%23.3%-29.0%496.7K41.3M-378.8K0.3741.18N/AN/A39,30614,580193,68092,238
2008-10-10$15.80$21.67268.1%62.2%199.5%95.0%211.9%31.5%-28.4%715.9K40.9M-429.1K0.1839.94N/AN/A97,48217,466204,60094,122
2008-10-13$18.17$20.00181.4%46.7%202.0%58.3%160.7%19.2%-17.9%1.9M-3.3M-492.8K0.2427.48N/AN/A40,0269,684244,344101,802
2008-10-14$20.10$20.00164.0%39.7%201.9%50.9%135.1%19.7%-10.5%2.1M-21.4M-523.2K0.3123.17N/AN/A48,11414,874242,064101,898
2008-10-15$16.80$20.00185.6%42.8%203.4%60.0%147.0%1.7%-11.7%1.5M17.2M-404.0K0.2828.06N/AN/A29,9348,418237,67286,052
2008-10-16$17.02$20.00149.6%42.9%196.8%44.8%142.6%22.3%-5.9%1.4M5.4M-406.0K0.3722.07N/AN/A36,48613,494236,55081,030
2008-10-17$17.22$20.00132.9%38.1%184.8%37.7%132.3%7.1%-1.7%1.1M9.7M-365.7K0.2621.15N/AN/A30,9608,172238,35680,496
2008-10-20$17.57$20.00111.9%32.1%184.2%28.8%113.1%14.8%6.4%766.3K1.2M-359.0K0.2613.79N/AN/A13,6263,546136,71651,420
2008-10-21$17.27$18.33109.5%31.4%184.3%27.8%107.3%6.3%5.8%770.8K3.0M-352.0K0.3716.20N/AN/A8,4483,156141,48052,284
2008-10-22$14.98$18.33147.1%42.2%188.4%43.7%142.2%3.8%-0.2%546.0K5.5M-325.9K0.4316.13N/AN/A24,16810,428143,92852,212
2008-10-23$14.40$16.67147.0%42.1%186.5%43.7%146.9%10.6%1.1%531.1K6.9M-324.7K0.5018.50N/AN/A16,2488,166149,40655,200
2008-10-24$13.75$16.67151.9%43.5%184.0%45.8%149.4%6.3%2.7%465.6K11.6M-307.3K0.3114.97N/AN/A27,2648,352153,85857,828
2008-10-27$12.65$15.00145.3%41.6%172.6%42.9%147.1%2.5%-3.7%380.2K17.9M-261.9K0.1414.89N/AN/A33,8884,608159,14460,918
2008-10-28$14.82$15.00133.3%38.2%181.9%37.9%134.8%19.0%-2.9%833.1K-10.4M-350.3K0.3311.29N/AN/A19,5306,420180,58861,884
2008-10-29$14.67$15.00133.4%38.3%178.5%37.9%131.7%9.8%-9.7%901.0K-12.1M-357.3K0.3917.57N/AN/A25,4229,924184,93861,866
2008-10-30$15.22$15.00149.5%42.9%179.7%44.7%146.1%25.9%-6.4%1.0M-24.3M-393.8K0.6210.79N/AN/A22,67414,082191,62263,420
2008-10-31$16.57$15.00129.7%37.2%183.4%36.4%130.4%27.9%-2.3%1.3M-42.3M-448.2K0.3010.48N/AN/A15,0304,542197,16069,486