UYG Options History — January 2009

In January 2009, UYG traded between $4.55 and $10.15. ATM implied volatility averaged 132.6%, placing in the 37.6% IV rank vs the trailing year. The 30-day expected move averaged 38.4%. IV traded below realized volatility by 6.4% (HV 20d: 139.0%). Max pain ranged from $6.67 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.45.

Notable Days

  • 2009-01-20: Highest Volume — 81,732 contracts
  • 2009-01-14: Largest IV spike — 48.5% change
  • 2009-01-20: Highest IV Rank — 61.6%
  • 2009-01-20: Largest Expected Move — 54.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.09$4.55$10.15$10.13$5.40
Max Pain$8.17$6.67$10.00$10.00$6.67
ATM IV132.6%87.5%189.2%89.3%144.6%
Expected Move38.4%25.6%54.3%25.6%41.4%
HV 20d139.0%85.1%191.6%131.9%188.4%
HV 60d182.8%171.9%193.6%186.7%193.4%
IV Rank37.6%18.5%61.6%19.2%42.6%
IV Percentile76.6%51.8%96.6%53.4%80.8%
Term Structure1.3%-13.5%12.1%8.5%12.1%
VWIV134.4%89.0%189.0%89.0%145.9%
Skew 25d6.4%-10.5%23.7%18.4%-2.3%
Skew 10d16.2%-20.0%73.9%35.1%-9.4%
Call IV 25d131.8%83.7%197.4%83.7%145.5%
Put IV 25d138.2%102.2%186.9%102.2%143.2%
Bid-Ask Spread %9.977.3213.6713.679.55
Gamma HHI0.210.150.270.260.22
Net GEX377.4K56.4K1.1M1.0M290.1K
Net DEX2.6M-30.7M26.6M-24.8M-471.6K
Net VEX-225.1K-295.3K-136.0K-253.0K-248.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.450.120.910.630.24
Total Volume44,264.415,15681,73233,84632,508
Total OI335,962.5256,320404,238280,062404,238

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-01-02$10.13$10.0089.3%25.6%131.9%19.2%89.0%18.4%8.5%1.0M-24.8M-253.0K0.6313.67N/AN/A20,74213,104189,03091,032
2009-01-05$9.77$8.3395.4%32.7%132.1%21.8%111.9%19.0%-4.6%860.9K-18.5M-250.9K0.5510.08N/AN/A32,56217,790194,09496,612
2009-01-06$10.15$10.0098.3%30.3%122.6%23.0%102.1%23.3%-2.2%1.1M-30.7M-278.5K0.1911.52N/AN/A18,9363,624208,698103,062
2009-01-07$9.28$10.00108.1%30.2%118.4%27.2%104.7%19.5%9.4%818.0K-12.4M-260.7K0.5311.81N/AN/A24,39012,816213,378101,448
2009-01-08$9.20$10.00102.9%31.3%114.5%25.0%109.4%12.6%1.5%781.5K-7.3M-260.4K0.4411.19N/AN/A10,5244,632220,632105,486
2009-01-09$8.65$10.0087.5%29.8%116.2%18.5%103.9%5.9%6.2%416.6K9.1M-224.6K0.3711.89N/AN/A14,2385,304220,446104,922
2009-01-12$7.85$10.00108.5%35.0%106.3%27.4%121.6%7.4%1.9%131.0K22.0M-197.5K0.9110.30N/AN/A28,43425,968224,184106,200
2009-01-13$7.97$8.33111.6%33.7%104.5%28.7%118.2%6.8%5.2%226.0K18.4M-212.6K0.769.76N/AN/A12,3849,456230,010109,044
2009-01-14$7.13$8.33165.7%36.7%108.2%51.6%128.1%5.0%7.7%65.8K25.5M-192.9K0.5111.76N/AN/A41,05220,892232,326112,512
2009-01-15$6.62$8.33152.2%43.6%85.1%45.9%150.3%23.7%-12.5%100.1K26.6M-191.6K0.6110.69N/AN/A43,56026,400248,370118,374
2009-01-16$6.40$8.33143.3%41.1%85.1%42.1%141.5%2.8%-4.3%253.8K21.0M-195.5K0.408.54N/AN/A30,21012,024261,570110,388
2009-01-20$4.55$8.33189.2%54.3%141.3%61.6%189.0%-10.5%-13.5%56.4K12.1M-136.0K0.857.80N/AN/A44,06437,668167,50888,812
2009-01-21$5.62$6.67159.1%45.6%166.0%48.8%156.0%7.8%-1.7%58.5K11.3M-194.5K0.318.20N/AN/A33,63610,548187,158110,514
2009-01-22$5.03$6.67153.6%44.0%168.0%46.5%159.9%-6.3%8.9%56.8K13.0M-176.0K0.337.99N/AN/A47,05815,420196,980110,394
2009-01-23$5.30$6.67158.4%45.4%170.3%48.5%163.1%-8.5%-1.9%127.1K7.5M-216.2K0.328.11N/AN/A29,9709,630217,578118,950
2009-01-26$5.07$6.67164.8%47.2%168.9%51.2%167.7%-5.1%-1.3%127.3K7.5M-207.2K0.1210.53N/AN/A45,8225,388227,874124,638
2009-01-27$5.48$6.67150.4%43.1%172.8%45.1%153.0%-5.5%2.8%225.3K912.9K-245.7K0.129.20N/AN/A25,9683,036250,014125,802
2009-01-28$6.60$6.67129.5%37.1%188.2%36.3%131.0%22.9%0.6%461.7K-21.7M-295.3K0.217.32N/AN/A62,25012,846260,976126,150
2009-01-29$5.67$6.67140.2%40.2%191.6%40.8%142.7%-8.7%2.4%344.0K-6.6M-263.6K0.539.46N/AN/A26,36414,070273,042126,804
2009-01-30$5.40$6.67144.6%41.4%188.4%42.6%145.9%-2.3%12.1%290.1K-471.6K-248.5K0.249.55N/AN/A26,2986,210275,046129,192