UYG Options History — April 2009

In April 2009, UYG traded between $4.48 and $6.37. ATM implied volatility averaged 119.1%, placing in the 31.8% IV rank vs the trailing year. The 30-day expected move averaged 34.6%. IV traded below realized volatility by 52.6% (HV 20d: 171.7%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.35.

Notable Days

  • 2009-04-13: Highest Volume — 87,432 contracts
  • 2009-04-20: Largest IV spike — 32.5% change
  • 2009-04-01: Highest IV Rank — 43.1%
  • 2009-04-01: Largest Expected Move — 41.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.50$4.48$6.37$4.48$5.88
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV119.1%95.0%145.6%145.6%95.0%
Expected Move34.6%27.3%41.7%41.7%27.3%
HV 20d171.7%155.3%192.1%192.1%155.4%
HV 60d175.8%167.2%186.5%178.9%167.5%
IV Rank31.8%21.7%43.1%43.1%21.7%
IV Percentile52.9%32.9%73.0%73.0%32.9%
Term Structure-7.0%-17.7%6.2%-16.2%3.9%
VWIV120.3%99.8%144.7%144.7%99.8%
Skew 25d21.2%4.3%65.1%15.2%24.6%
Skew 10d35.4%-10.3%112.4%11.7%37.5%
Call IV 25d109.4%86.9%130.3%119.4%90.8%
Put IV 25d130.6%115.4%152.4%134.6%115.4%
Bid-Ask Spread %9.987.2512.8311.9312.08
Gamma HHI0.400.240.620.500.40
Net GEX709.2K391.4K1.2M537.1K829.1K
Net DEX-70.4M-124.9M-37.1M-37.3M-69.2M
Net VEX-338.4K-378.5K-293.1K-298.7K-378.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.350.141.490.200.54
Total Volume37,613.42912,74487,43221,32429,712
Total OI417,169.429349,644480,204387,456422,988

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-04-01$4.48$5.00145.6%41.7%192.1%43.1%144.7%15.2%-16.2%537.1K-37.3M-298.7K0.2011.93N/AN/A17,8083,516284,898102,558
2009-04-02$4.75$5.00120.5%34.6%176.4%32.5%119.8%65.1%6.2%670.5K-43.2M-308.6K0.3011.96N/AN/A39,87011,790287,004104,286
2009-04-03$5.15$5.00101.1%32.8%176.4%24.2%113.7%22.5%-1.4%946.7K-58.9M-319.6K0.199.46N/AN/A33,5766,330301,836109,992
2009-04-06$4.92$5.00104.3%33.0%178.6%25.6%113.1%23.4%4.4%915.3K-53.9M-307.2K0.1410.51N/AN/A23,8203,426307,392112,362
2009-04-07$4.60$5.00114.7%35.0%166.8%30.0%122.8%8.2%-6.4%757.6K-37.1M-300.9K0.1812.83N/AN/A19,9923,504309,744113,940
2009-04-08$4.68$5.00109.5%32.2%166.3%27.8%112.9%23.8%-0.7%802.0K-40.0M-293.1K0.199.57N/AN/A10,6922,052313,014113,880
2009-04-09$5.80$5.00113.2%32.4%172.7%29.3%109.9%21.2%-2.9%391.4K-103.3M-316.3K0.228.21N/AN/A66,69014,640316,008114,318
2009-04-13$6.37$5.00122.2%35.0%174.6%33.2%120.6%18.0%-8.3%953.5K-124.9M-378.1K0.168.79N/AN/A75,43811,994330,276118,680
2009-04-14$5.55$5.00129.6%37.2%182.8%36.3%128.2%5.2%-14.5%1.2M-90.0M-349.4K0.379.12N/AN/A53,16019,500345,438122,232
2009-04-15$6.03$5.00125.4%36.0%181.1%34.5%129.0%20.2%-16.1%516.5K-111.6M-373.5K0.279.07N/AN/A20,4965,502347,640132,564
2009-04-16$6.12$5.00116.8%33.5%173.9%30.9%118.4%16.8%-11.7%544.7K-115.3M-348.4K0.1710.59N/AN/A26,7364,494343,368129,294
2009-04-17$6.32$5.00100.8%28.9%163.0%24.1%110.7%11.8%-4.0%631.5K-119.3M-362.2K0.1512.21N/AN/A28,6684,368346,182131,058
2009-04-20$5.02$5.00133.6%38.3%182.6%38.0%130.5%13.3%-14.3%463.0K-41.0M-309.0K0.557.77N/AN/A37,69820,556259,38090,264
2009-04-21$5.67$5.00134.4%38.5%170.1%38.4%124.8%55.2%-12.7%555.5K-58.4M-333.3K0.277.25N/AN/A35,9109,846266,80298,466
2009-04-22$5.32$5.00132.5%38.0%169.3%37.5%130.9%16.3%-10.9%500.6K-52.0M-326.0K0.218.39N/AN/A29,8386,204273,684102,426
2009-04-23$5.70$5.00122.4%35.1%170.0%33.3%114.4%21.0%-2.3%668.1K-60.1M-367.3K0.258.52N/AN/A10,6322,640284,436104,604
2009-04-24$5.97$5.00112.1%32.1%170.5%28.9%120.1%8.5%-2.9%709.1K-72.1M-372.9K0.2110.12N/AN/A32,0526,690287,052105,558
2009-04-27$5.68$5.00133.9%38.4%170.3%38.1%126.4%27.2%-14.5%761.3K-64.8M-354.5K0.658.79N/AN/A13,6208,832299,832107,382
2009-04-28$5.52$5.00127.1%36.4%157.6%35.2%126.1%4.3%-17.7%699.9K-55.3M-344.6K1.4911.01N/AN/A5,8328,700298,590109,398
2009-04-29$5.93$5.00105.7%30.3%155.3%26.1%108.6%24.0%-4.7%888.0K-71.6M-364.8K0.6611.47N/AN/A13,8909,168300,180111,552
2009-04-30$5.88$5.0095.0%27.3%155.4%21.7%99.8%24.6%3.9%829.1K-69.2M-378.5K0.5412.08N/AN/A19,30210,410306,042116,946