UYG Options History — September 2009

In September 2009, UYG traded between $8.45 and $10.40. ATM implied volatility averaged 58.7%, placing in the 8.2% IV rank vs the trailing year. The 30-day expected move averaged 17.0%. IV traded above realized volatility by 1.1% (HV 20d: 57.6%). Max pain ranged from $6.67 to $10.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.61.

Notable Days

  • 2009-09-16: Highest Volume — 30,102 contracts
  • 2009-09-09: Largest IV drop — 11.9% change
  • 2009-09-03: Highest IV Rank — 10.9%
  • 2009-09-08: Largest Expected Move — 19.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.58$8.45$10.40$8.65$9.85
Max Pain$8.73$6.67$10.00$6.67$10.00
ATM IV58.7%52.3%65.3%61.3%58.0%
Expected Move17.0%15.0%19.4%17.6%16.6%
HV 20d57.6%48.2%67.4%67.4%48.2%
HV 60d60.6%57.6%64.5%64.0%57.9%
IV Rank8.2%5.5%10.9%9.2%7.9%
IV Percentile11.1%6.0%17.1%11.9%13.5%
Term Structure3.4%-3.0%10.1%10.1%5.6%
VWIV59.9%51.8%66.6%60.6%57.8%
Skew 25d13.0%-15.4%29.2%-7.6%26.5%
Skew 10d24.1%-24.3%44.3%-11.9%44.2%
Call IV 25d53.8%36.8%71.1%65.4%43.5%
Put IV 25d66.7%55.8%74.1%57.8%70.0%
Bid-Ask Spread %11.314.5421.347.8914.63
Gamma HHI0.350.210.580.250.27
Net GEX1.1M721.4K1.8M939.4K862.9K
Net DEX-98.2M-142.7M-65.5M-85.7M-76.1M
Net VEX-501.0K-514.1K-481.8K-484.9K-495.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.201.150.771.15
Total Volume12,671.7144,41030,10217,6827,476
Total OI347,701.429289,890390,480361,482312,552

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-09-01$8.65$6.6761.3%17.6%67.4%9.2%60.6%-7.6%10.1%939.4K-85.7M-484.9K0.777.89N/AN/A9,9787,704252,774108,708
2009-09-02$8.45$6.6762.7%18.0%64.9%9.8%66.4%-15.4%8.4%890.5K-80.1M-496.2K0.634.54N/AN/A8,1665,160254,622110,640
2009-09-03$8.82$6.6765.3%18.7%66.7%10.9%61.3%28.9%3.5%953.9K-89.5M-508.3K0.405.69N/AN/A6,8882,784254,982111,900
2009-09-04$8.92$10.0060.5%19.1%63.4%8.9%66.6%4.3%-0.2%1.0M-93.8M-508.7K0.5010.31N/AN/A3,3481,662255,738112,302
2009-09-08$9.07$8.3364.5%19.4%63.6%10.6%65.5%17.8%-1.4%1.1M-99.5M-501.0K0.819.34N/AN/A2,4361,974256,950113,100
2009-09-09$9.32$8.3356.9%17.1%59.8%7.4%63.7%13.9%2.5%1.2M-107.7M-503.5K1.0613.41N/AN/A5,5445,892256,260114,192
2009-09-10$9.47$8.3357.5%16.5%59.2%7.7%57.6%13.4%4.4%1.2M-111.7M-497.2K0.6010.56N/AN/A6,9724,164256,764117,234
2009-09-11$9.35$8.3361.6%17.7%58.5%9.4%62.4%7.2%0.0%1.2M-110.0M-511.2K0.2813.61N/AN/A6,0301,680259,650119,196
2009-09-14$9.58$8.3363.8%18.3%58.8%10.3%64.7%7.8%-3.0%1.4M-116.5M-492.9K0.4614.90N/AN/A4,2361,950260,370119,364
2009-09-15$9.65$8.3361.7%17.7%50.3%9.4%63.3%13.3%0.5%1.4M-119.1M-500.9K0.9810.93N/AN/A8,4248,292259,704119,994
2009-09-16$10.28$8.3359.8%17.2%53.7%8.6%58.6%12.1%0.4%1.8M-142.7M-498.5K0.5313.94N/AN/A19,72210,380261,408124,416
2009-09-17$10.18$8.3359.5%17.1%54.0%8.5%62.1%6.6%1.0%1.8M-137.3M-503.7K0.4921.34N/AN/A19,1289,378259,980126,996
2009-09-18$10.15$8.3356.9%16.3%52.2%7.4%57.1%10.7%3.7%1.8M-135.6M-508.0K0.489.83N/AN/A12,5886,084260,100130,380
2009-09-21$9.98$8.3352.9%15.2%51.0%5.8%53.5%6.2%7.4%796.5K-80.8M-503.3K0.699.68N/AN/A7,0144,818195,42694,464
2009-09-22$10.40$10.0057.4%16.5%51.9%7.6%56.6%16.3%-0.7%843.0K-90.1M-508.4K0.207.51N/AN/A8,3761,662197,47896,600
2009-09-23$10.02$10.0052.9%15.2%53.7%5.7%55.8%7.8%7.1%893.2K-83.8M-496.8K0.7110.07N/AN/A7,3985,280200,56897,140
2009-09-24$9.60$10.0055.0%15.8%56.1%6.6%56.8%25.9%5.8%783.5K-70.9M-481.8K0.4813.84N/AN/A11,6645,610203,05299,030
2009-09-25$9.45$10.0055.9%16.0%56.0%7.0%58.7%19.5%5.0%721.4K-65.5M-496.6K0.5414.02N/AN/A6,1623,324204,576100,950
2009-09-28$10.07$10.0052.3%15.0%60.4%5.5%51.8%29.2%7.0%943.6K-83.0M-514.1K0.4011.29N/AN/A4,9801,980207,396102,618
2009-09-29$9.97$10.0056.3%16.1%60.5%7.2%56.6%27.7%3.8%938.0K-82.4M-509.4K0.6510.12N/AN/A5,9223,876208,938103,218
2009-09-30$9.85$10.0058.0%16.6%48.2%7.9%57.8%26.5%5.6%862.9K-76.1M-495.7K1.1514.63N/AN/A3,4863,990208,548104,004