UYG Options History — April 2014

In April 2014, UYG traded between $18.54 and $20.59. ATM implied volatility averaged 26.3%, placing in the 35.2% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded below realized volatility by 0.4% (HV 20d: 26.8%). Max pain ranged from $19.17 to $20.50. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 1.90.

Notable Days

  • 2014-04-14: Highest Volume — 3,690 contracts
  • 2014-04-10: Largest IV spike — 30.7% change
  • 2014-04-11: Highest IV Rank — 65.5%
  • 2014-04-11: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.62$18.54$20.59$20.55$19.67
Max Pain$19.60$19.17$20.50$20.00$19.17
ATM IV26.3%22.7%33.3%22.7%23.8%
Expected Move7.6%6.5%9.6%6.5%6.8%
HV 20d26.8%20.3%30.5%20.9%28.3%
HV 60d28.1%24.5%30.0%27.5%24.5%
IV Rank35.2%19.7%65.5%19.7%24.5%
IV Percentile46.7%7.9%94.4%7.9%25.8%
Term Structure0.5%-1.7%2.8%2.4%0.8%
VWIV27.3%22.9%36.0%23.0%23.6%
Skew 25d5.9%3.6%8.1%3.9%5.0%
Skew 10d11.7%6.6%15.3%7.9%10.1%
Call IV 25d24.2%21.0%29.1%21.0%22.1%
Put IV 25d30.1%25.0%37.1%25.0%27.1%
Bid-Ask Spread %47.4929.8271.8256.2371.82
Gamma HHI0.070.050.150.060.07
Net GEX-39.0K-483.0K197.3K59.6K197.3K
Net DEX-4.9M-11.2M7.0M-11.2M-8.4M
Net VEX-105.9K-115.0K-95.1K-97.4K-115.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.900.1911.591.160.91
Total Volume1,368.5712103,690648642
Total OI41,979.14338,17246,53638,17246,398

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-04-01$20.55$20.0022.7%6.5%20.9%19.7%23.0%3.9%2.4%59.6K-11.2M-97.4K1.1656.23N/AN/A30034816,02622,146
2014-04-02$20.59$20.0023.4%6.7%20.6%22.7%25.6%3.6%2.1%60.0K-10.9M-103.1K1.7458.42N/AN/A27648016,09222,182
2014-04-03$20.52$20.0023.4%6.7%20.3%22.4%28.0%3.7%2.8%85.3K-10.7M-102.0K11.5958.80N/AN/A1021,18216,28422,200
2014-04-04$20.05$20.5025.5%7.7%21.8%31.7%30.3%6.6%-0.3%-67.7K-6.7M-104.3K1.3532.33N/AN/A20427616,35022,866
2014-04-07$19.48$20.5028.1%8.3%23.9%42.9%28.1%6.7%-0.0%-213.1K-926.3K-103.1K1.2329.82N/AN/A52264216,41622,944
2014-04-08$19.55$20.1727.1%8.2%23.8%38.6%26.9%6.8%-0.4%-235.2K-1.0M-102.7K0.9931.64N/AN/A76876216,34423,106
2014-04-09$19.86$20.0024.0%7.8%24.6%25.1%28.9%6.1%0.1%-131.9K-4.2M-102.1K0.3535.12N/AN/A46816216,84223,640
2014-04-10$18.98$20.0031.4%9.0%28.4%56.9%28.4%7.6%-0.9%-311.9K3.5M-100.9K6.5238.75N/AN/A2641,72217,17223,760
2014-04-11$18.54$20.0033.3%9.6%29.3%65.5%36.0%8.1%-1.7%-384.5K7.0M-95.1K0.4841.60N/AN/A1,75884017,40022,974
2014-04-14$18.82$19.6730.9%8.9%29.0%54.9%30.7%6.9%-0.8%-483.0K4.5M-97.6K0.5849.60N/AN/A2,3341,35618,51023,604
2014-04-15$19.17$19.1729.3%8.4%29.6%48.1%30.9%6.6%-0.2%-297.4K-300.6K-108.3K0.2644.12N/AN/A1,92049220,53824,528
2014-04-16$19.52$19.1726.9%7.7%30.5%37.5%27.0%5.9%0.3%106.5K-6.2M-111.2K0.1943.17N/AN/A95418021,73224,438
2014-04-17$19.55$19.1725.5%7.3%28.8%31.7%27.6%5.6%0.8%176.1K-6.5M-109.1K3.6947.35N/AN/A25293021,97224,564
2014-04-21$19.53$19.1726.0%7.5%28.8%34.0%28.5%6.0%0.2%74.1K-6.9M-105.9K2.3547.81N/AN/A5641,32618,30621,768
2014-04-22$19.81$19.1724.2%6.9%29.4%25.9%22.9%5.3%1.3%45.4K-9.1M-109.4K0.2452.79N/AN/A1,05025218,67823,010
2014-04-23$19.84$19.1724.1%6.9%29.4%25.5%24.1%5.1%1.2%123.4K-9.9M-110.8K0.9452.18N/AN/A31830019,51823,238
2014-04-24$19.82$19.1724.4%7.0%28.2%26.8%24.9%5.5%1.0%123.5K-9.7M-111.0K1.0652.72N/AN/A10210819,60823,442
2014-04-25$19.40$19.1726.5%7.6%29.0%35.8%25.5%6.4%0.8%78.7K-5.5M-111.4K1.3654.17N/AN/A72698419,71023,532
2014-04-28$19.24$19.1726.7%7.7%29.0%37.0%29.5%6.3%0.8%81.6K-3.6M-111.7K2.7657.41N/AN/A3961,09220,23224,174
2014-04-29$19.54$19.1725.6%7.3%28.5%32.1%23.8%5.9%0.4%93.8K-6.9M-111.3K0.2441.40N/AN/A1,11627020,35224,966
2014-04-30$19.67$19.1723.8%6.8%28.3%24.5%23.6%5.0%0.8%197.3K-8.4M-115.0K0.9171.82N/AN/A33630621,16825,230