UYG Options History — July 2014

In July 2014, UYG traded between $20.42 and $21.64. ATM implied volatility averaged 21.5%, placing in the 14.4% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 4.9% (HV 20d: 16.6%). Max pain ranged from $21.33 to $24.50. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 2.34.

Notable Days

  • 2014-07-03: Highest Volume — 2,574 contracts
  • 2014-07-31: Largest IV spike — 23.2% change
  • 2014-07-31: Highest IV Rank — 39.7%
  • 2014-07-31: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.29$20.42$21.64$21.41$20.42
Max Pain$22.55$21.33$24.50$21.33$24.50
ATM IV21.5%18.4%27.4%20.2%27.4%
Expected Move7.0%5.5%8.4%5.8%8.4%
HV 20d16.6%13.9%22.8%15.4%22.8%
HV 60d18.5%17.2%21.5%21.5%19.1%
IV Rank14.4%0.8%39.7%8.9%39.7%
IV Percentile16.9%0.8%72.6%5.6%72.6%
Term Structure1.3%-0.9%4.1%2.4%-0.7%
VWIV24.6%18.9%33.5%20.4%33.2%
Skew 25d4.6%2.9%7.1%4.3%3.6%
Skew 10d10.0%6.8%12.1%11.1%8.0%
Call IV 25d20.0%17.3%23.9%17.3%23.9%
Put IV 25d24.6%21.5%27.9%21.6%27.5%
Bid-Ask Spread %46.3530.9588.6988.6943.19
Gamma HHI0.050.040.060.060.04
Net GEX76.7K-142.4K280.0K-61.5K103.3K
Net DEX-15.6M-20.0M-8.4M-16.8M-8.4M
Net VEX-98.8K-107.7K-90.8K-101.6K-96.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.340.0012.751.030.66
Total Volume764.4551322,5741,794558
Total OI42,565.36439,31844,82039,31843,194

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-07-01$21.41$21.3320.2%5.8%15.4%8.9%20.4%4.3%2.4%-61.5K-16.8M-101.6K1.0388.69N/AN/A88291217,54421,774
2014-07-02$21.36$21.3319.6%5.6%15.4%6.0%20.5%2.9%2.4%22.3K-17.1M-102.5K8.8977.65N/AN/A1621,44018,25821,762
2014-07-03$21.64$21.3319.0%5.5%14.6%3.7%19.8%3.2%2.1%166.2K-20.0M-95.5K3.8880.18N/AN/A5282,04618,29421,816
2014-07-07$21.46$21.6720.6%6.5%14.4%10.5%23.8%5.0%0.5%-36.6K-16.1M-105.0K1.3933.04N/AN/A38453418,75023,328
2014-07-08$21.15$21.6722.6%6.7%15.3%19.0%24.2%5.8%0.2%-87.8K-13.2M-107.7K1.9632.25N/AN/A16231819,09823,628
2014-07-09$21.22$21.6722.5%6.6%15.3%18.8%21.7%5.3%1.2%-101.0K-13.8M-106.3K0.0037.25N/AN/A132019,20023,778
2014-07-10$21.02$21.6724.2%6.9%15.0%26.1%22.9%4.4%-0.5%-142.4K-11.2M-106.5K0.5441.45N/AN/A37820419,18823,778
2014-07-11$21.04$21.6723.3%6.7%14.6%22.1%25.1%5.2%-0.9%-134.6K-12.7M-103.2K0.4236.75N/AN/A48620419,49423,892
2014-07-14$21.31$21.6722.0%6.3%15.1%16.4%25.6%6.0%1.7%-66.9K-16.2M-101.1K0.1433.37N/AN/A81011419,78824,018
2014-07-15$21.57$21.6722.3%6.4%15.1%17.7%22.0%4.7%0.8%202.0K-19.2M-100.0K0.2841.80N/AN/A1925420,50224,102
2014-07-16$21.49$21.6721.5%6.2%13.9%14.5%23.0%5.6%1.3%215.0K-18.5M-99.8K0.4643.93N/AN/A43219820,64624,144
2014-07-17$20.94$21.6724.1%6.9%16.2%25.6%23.2%5.0%0.1%-102.5K-12.2M-102.3K2.6750.60N/AN/A10828820,61024,078
2014-07-18$21.41$21.6720.7%5.9%18.1%10.8%18.9%4.5%1.7%-20.4K-16.9M-95.1K1.6847.43N/AN/A18631220,69424,126
2014-07-21$21.28$0.0021.1%7.8%18.1%12.7%26.7%4.6%1.7%182.3K-15.8M-93.0K2.3434.13N/AN/A19245019,28421,870
2014-07-22$21.43$22.6720.5%7.9%18.2%9.9%26.8%5.0%2.4%175.2K-16.9M-92.7K0.7130.95N/AN/A58241419,28422,236
2014-07-23$21.52$23.1720.2%8.0%17.6%8.7%24.6%4.1%0.5%276.4K-17.5M-95.4K1.0932.89N/AN/A13214419,73422,104
2014-07-24$21.62$24.5018.4%7.8%17.6%0.8%25.4%3.5%4.1%280.0K-19.2M-90.8K12.7538.04N/AN/A961,22419,78822,206
2014-07-25$21.32$24.5019.7%7.6%18.3%6.5%26.7%4.7%2.2%225.6K-16.2M-95.5K0.9850.66N/AN/A28828219,88422,230
2014-07-28$21.34$24.5020.7%7.9%18.2%10.8%29.9%3.9%1.2%226.8K-16.3M-91.3K5.1743.40N/AN/A7237220,05222,422
2014-07-29$21.10$24.5020.7%7.8%18.6%10.9%0.0%7.1%3.3%184.1K-14.7M-95.7K3.2748.38N/AN/A6621620,08222,758
2014-07-30$21.24$24.5022.2%8.1%18.1%17.5%33.5%3.7%0.8%182.6K-14.9M-95.3K1.2053.80N/AN/A12014420,11222,908
2014-07-31$20.42$24.5027.4%8.4%22.8%39.7%33.2%3.6%-0.7%103.3K-8.4M-96.8K0.6643.19N/AN/A33622220,20822,986