UYG Options History — June 2012

In June 2012, UYG traded between $7.79 and $9.29. ATM implied volatility averaged 45.6%, placing in the 14.8% IV rank vs the trailing year. The 30-day expected move averaged 13.5%. IV traded below realized volatility by 2.1% (HV 20d: 47.7%). Max pain ranged from $8.33 to $9.33. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.39.

Notable Days

  • 2012-06-04: Highest Volume — 24,342 contracts
  • 2012-06-11: Largest IV spike — 29.9% change
  • 2012-06-04: Highest IV Rank — 26.2%
  • 2012-06-04: Largest Expected Move — 16.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.63$7.79$9.29$7.93$9.29
Max Pain$8.82$8.33$9.33$9.00$9.00
ATM IV45.6%36.9%58.4%57.9%36.9%
Expected Move13.5%10.6%16.7%16.6%10.6%
HV 20d47.7%40.6%52.1%41.0%43.2%
HV 60d39.6%38.1%41.8%38.7%41.8%
IV Rank14.8%7.0%26.2%25.8%7.0%
IV Percentile42.8%19.0%63.5%62.7%19.0%
Term Structure1.7%-1.2%3.6%0.5%3.0%
VWIV47.5%37.8%59.8%56.9%38.1%
Skew 25d12.4%8.9%15.7%12.3%9.1%
Skew 10d24.8%17.5%33.7%22.6%18.8%
Call IV 25d41.6%32.9%54.2%54.2%32.9%
Put IV 25d54.0%42.0%67.1%66.4%42.0%
Bid-Ask Spread %36.6322.5870.0070.0041.44
Gamma HHI0.090.060.160.100.08
Net GEX21.7K-747.7K514.8K-653.0K514.8K
Net DEX10.7M-4.4M34.4M30.9M-4.4M
Net VEX-170.2K-179.8K-151.5K-159.4K-177.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.390.167.810.680.63
Total Volume7,784.2861,20624,3427,7826,180
Total OI169,744.571116,766216,720177,174144,798

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-06-01$7.93$9.0057.9%16.6%41.0%25.8%56.9%12.3%0.5%-653.0K30.9M-159.4K0.6870.00N/AN/A4,6263,15671,682105,492
2012-06-04$7.79$9.3358.4%16.7%40.6%26.2%55.9%15.3%0.2%-747.7K34.4M-151.5K0.2328.12N/AN/A19,7704,57272,288107,724
2012-06-05$8.03$8.3352.5%15.8%42.6%21.0%54.4%15.2%-0.9%-380.2K27.0M-169.5K0.5322.58N/AN/A3,2041,68688,824109,302
2012-06-06$8.48$8.3346.0%14.6%48.3%15.1%55.1%14.9%1.4%-130.2K15.5M-179.6K1.0727.47N/AN/A3,6003,87089,946110,190
2012-06-07$8.45$8.3345.9%14.5%48.0%15.0%57.7%13.4%0.5%-102.8K15.4M-179.8K2.2926.56N/AN/A3,0246,91291,044112,488
2012-06-08$8.63$8.3342.0%14.0%48.8%11.5%51.5%14.1%2.0%29.9K10.7M-179.0K0.9240.16N/AN/A1,1341,03891,458113,466
2012-06-11$8.33$8.3354.6%15.6%49.8%22.8%59.8%13.2%-1.2%-226.3K19.3M-166.5K0.7024.53N/AN/A2,3221,62691,398113,934
2012-06-12$8.56$8.3345.6%14.7%49.8%14.8%47.6%13.7%0.2%123.1K12.4M-166.4K1.6527.70N/AN/A3,8166,31292,370114,546
2012-06-13$8.48$8.8345.3%15.1%49.7%14.5%48.6%14.5%2.4%34.6K15.5M-167.4K1.9423.12N/AN/A2,9945,80893,474116,394
2012-06-14$8.69$9.0050.9%14.6%49.8%19.6%49.5%15.7%0.8%421.3K7.3M-169.4K0.5825.29N/AN/A4,3922,52694,152119,586
2012-06-15$8.89$9.0047.3%13.6%47.6%16.3%42.4%15.7%2.5%263.7K-1.5M-167.9K0.2827.72N/AN/A12,2463,42696,642120,078
2012-06-18$8.85$9.0043.9%12.6%46.8%13.2%51.1%12.8%1.8%82.6K5.1M-168.8K2.3732.40N/AN/A2,4425,79047,68869,078
2012-06-19$9.11$9.0039.2%11.2%47.1%9.0%37.8%11.8%3.6%178.9K1.4M-171.6K0.2937.52N/AN/A8,2562,39449,33274,004
2012-06-20$9.15$9.0038.4%11.0%46.9%8.4%39.1%10.9%3.1%253.4K217.2K-176.7K2.0740.38N/AN/A2,2564,68053,20275,648
2012-06-21$8.76$9.0042.8%12.3%49.7%12.3%41.2%10.8%2.4%100.2K6.3M-173.9K1.0445.20N/AN/A3,0603,17454,85279,098
2012-06-22$8.91$9.0039.8%11.4%50.1%9.5%40.0%9.4%3.5%194.2K3.5M-173.1K0.9256.95N/AN/A1,3981,28456,24479,278
2012-06-25$8.57$9.0044.2%12.7%52.1%13.6%43.1%9.5%2.1%24.7K9.0M-165.0K2.5426.53N/AN/A1,7944,56057,14480,190
2012-06-26$8.68$9.0043.0%12.3%51.3%12.5%42.3%8.9%2.3%85.6K7.9M-167.4K0.1650.89N/AN/A1,04416258,11083,802
2012-06-27$8.86$9.0041.2%11.8%49.2%10.8%42.3%9.4%2.7%200.0K4.8M-171.4K0.5365.57N/AN/A1,17061858,36283,886
2012-06-28$8.85$9.0041.5%11.9%49.1%11.1%42.3%9.2%2.6%190.0K4.7M-173.0K7.8129.07N/AN/A1,2669,88259,11884,324
2012-06-29$9.29$9.0036.9%10.6%43.2%7.0%38.1%9.1%3.0%514.8K-4.4M-177.6K0.6341.44N/AN/A3,7862,39459,71285,086