UYG Options History — May 2012

In May 2012, UYG traded between $8.22 and $10.37. ATM implied volatility averaged 44.2%, placing in the 14.9% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 11.7% (HV 20d: 32.5%). Max pain ranged from $9.00 to $10.17. Net GEX was positive for 3 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 1.12.

Notable Days

  • 2012-05-25: Highest Volume — 49,224 contracts
  • 2012-05-21: Largest IV drop — 15.3% change
  • 2012-05-18: Highest IV Rank — 25.9%
  • 2012-05-18: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.13$8.22$10.37$10.37$8.53
Max Pain$9.33$9.00$10.17$10.00$9.00
ATM IV44.2%33.5%56.6%33.5%48.8%
Expected Move12.8%9.6%16.2%9.6%14.0%
HV 20d32.5%27.0%38.1%37.5%34.3%
HV 60d34.8%33.0%37.2%33.0%36.2%
IV Rank14.9%5.5%25.9%5.5%17.6%
IV Percentile44.1%11.1%62.7%11.1%55.6%
Term Structure2.3%-0.5%5.2%3.9%2.9%
VWIV44.9%33.6%53.6%33.9%48.8%
Skew 25d11.1%6.4%15.4%6.4%11.2%
Skew 10d22.5%13.7%30.6%13.7%21.5%
Call IV 25d40.3%30.5%49.9%30.5%43.9%
Put IV 25d51.3%36.9%65.3%36.9%55.1%
Bid-Ask Spread %29.9213.6771.5218.9938.60
Gamma HHI0.100.060.180.060.09
Net GEX-542.7K-1.3M531.4K531.4K-499.0K
Net DEX14.9M-13.1M41.8M-13.1M20.7M
Net VEX-173.6K-192.9K-148.6K-192.8K-177.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.263.160.800.46
Total Volume10,864.6362,29249,2246,3122,292
Total OI177,666.818148,662196,566173,358176,100

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-05-01$10.37$10.0033.5%9.6%37.5%5.5%33.9%6.4%3.9%531.4K-13.1M-192.8K0.8018.99N/AN/A3,5042,80868,310105,048
2012-05-02$10.22$10.1733.8%9.7%37.8%5.8%34.5%6.6%2.8%372.3K-8.4M-188.7K1.2217.92N/AN/A1,9502,37669,084105,564
2012-05-03$10.04$10.1734.7%9.9%36.9%6.6%33.6%7.3%3.8%144.4K-3.9M-191.0K0.5220.73N/AN/A1,73490069,192105,780
2012-05-04$9.75$9.1734.8%10.9%38.1%6.7%36.2%9.3%3.0%-257.7K4.3M-184.9K0.4218.79N/AN/A4,1281,74070,146106,440
2012-05-07$9.84$9.1736.4%11.3%36.9%8.1%38.8%9.8%0.9%-177.6K2.3M-180.5K0.4523.12N/AN/A3,2881,47671,124107,298
2012-05-08$9.75$9.1737.2%11.4%33.5%8.8%44.1%10.3%1.7%-241.4K4.1M-177.3K0.5017.71N/AN/A6,3003,14472,426107,454
2012-05-09$9.55$9.1741.7%12.4%32.6%12.7%44.3%10.4%1.4%-479.4K8.6M-175.1K1.4120.13N/AN/A2,6283,69672,936107,196
2012-05-10$9.64$9.3341.6%11.9%29.9%12.7%42.0%10.4%1.6%-401.3K6.1M-181.2K1.1615.89N/AN/A1,4881,72873,890108,228
2012-05-11$9.47$9.3342.0%12.0%27.0%13.0%44.6%9.6%2.6%-683.7K11.2M-170.1K1.9628.08N/AN/A1,8723,66674,682108,588
2012-05-14$9.13$9.3347.0%13.5%29.2%17.4%46.6%10.7%1.4%-1.2M21.0M-164.8K0.8748.51N/AN/A4,7104,09875,390109,644
2012-05-15$9.03$9.3348.4%13.9%27.0%18.6%46.0%11.9%2.5%-1.3M23.3M-161.0K0.4819.98N/AN/A4,5302,17876,584111,150
2012-05-16$8.80$9.3349.4%14.2%27.8%19.6%48.6%10.6%1.3%-1.3M30.1M-157.9K1.2938.48N/AN/A5,4907,06278,360112,098
2012-05-17$8.41$9.3353.8%15.4%31.0%23.4%49.5%12.6%-0.1%-1.1M39.2M-150.0K1.4216.90N/AN/A6,2228,80879,704114,246
2012-05-18$8.22$9.3356.6%16.2%31.4%25.9%53.6%15.4%-0.5%-970.6K41.8M-148.6K1.6013.67N/AN/A5,7009,12081,780114,786
2012-05-21$8.42$9.3347.9%13.7%33.3%18.2%47.1%14.1%0.3%-897.7K24.1M-149.1K0.5144.37N/AN/A6,1743,12653,94094,722
2012-05-22$8.55$9.1749.1%14.1%32.8%19.3%47.0%12.3%0.9%-803.1K21.4M-153.8K0.7953.14N/AN/A11,3228,99456,08296,636
2012-05-23$8.62$9.0048.3%13.9%31.5%18.6%47.5%13.6%1.8%-677.9K19.9M-177.9K3.1618.59N/AN/A7,06222,30864,350104,310
2012-05-24$8.65$9.0047.9%13.7%30.4%18.2%50.6%13.6%4.6%-590.1K18.8M-192.9K1.3324.66N/AN/A5,9587,94469,666109,842
2012-05-25$8.59$9.1746.8%13.4%30.2%17.2%50.6%12.9%5.2%-718.2K21.8M-191.3K1.1861.98N/AN/A22,57226,65268,508113,616
2012-05-29$8.81$9.0044.3%12.7%32.6%15.0%49.5%12.3%5.1%-287.8K13.3M-182.4K0.2626.38N/AN/A2,09455270,914101,472
2012-05-30$8.43$9.1749.5%14.2%33.5%19.6%50.5%11.6%2.7%-497.5K20.7M-171.9K2.8871.52N/AN/A1,4524,17669,732101,652
2012-05-31$8.53$9.0048.8%14.0%34.3%17.6%48.8%11.2%2.9%-499.0K20.7M-177.3K0.4638.60N/AN/A1,57272070,788105,312