UYG Options History — February 2018

In February 2018, UYG traded between $39.27 and $46.88. ATM implied volatility averaged 31.9%, placing in the 55.8% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded below realized volatility by 12.3% (HV 20d: 44.2%). Max pain ranged from $39.00 to $39.33. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 1.30.

Notable Days

  • 2018-02-16: Highest Volume — 3,618 contracts
  • 2018-02-05: Largest IV spike — 63.9% change
  • 2018-02-05: Highest IV Rank — 100.0%
  • 2018-02-08: Largest Expected Move — 12.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.11$39.27$46.88$46.88$43.37
Max Pain$39.09$39.00$39.33$39.00$39.00
ATM IV31.9%19.8%46.1%19.8%29.5%
Expected Move8.9%6.7%12.1%6.7%8.5%
HV 20d44.2%14.1%51.9%14.1%51.9%
HV 60d29.3%16.6%32.7%16.6%32.5%
IV Rank55.8%20.8%100.0%20.8%46.6%
IV Percentile87.3%11.9%100.0%11.9%91.7%
Term Structure0.3%-5.6%4.4%4.3%3.6%
VWIV33.6%23.7%45.3%23.7%34.4%
Skew 25d7.9%-3.0%18.0%3.6%6.1%
Skew 10d13.8%-0.9%39.9%7.9%18.1%
Call IV 25d28.9%21.7%43.9%21.7%29.9%
Put IV 25d36.8%23.1%53.7%25.4%35.9%
Bid-Ask Spread %89.1066.0999.6995.4898.78
Gamma HHI0.080.050.120.080.11
Net GEX147.4K42.3K257.3K253.7K231.7K
Net DEX-3.9M-8.1M125.7K-8.1M-4.9M
Net VEX-18.9K-23.4K-13.4K-13.4K-21.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.300.731.670.731.50
Total Volume2,640.4741,9773,6181,9772,574
Total OI4,837.1053,9485,5503,9485,220

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-02-01$46.88$39.0019.8%6.7%14.1%20.8%23.7%3.6%4.3%253.7K-8.1M-13.4K0.7395.48N/AN/A1,1438342,7121,236
2018-02-02$45.18$39.0026.3%7.4%20.2%49.3%25.5%-3.0%-0.9%224.3K-7.2M-14.1K0.7799.37N/AN/A1,1318762,7271,239
2018-02-05$41.63$39.0043.2%10.2%35.9%100.0%37.7%5.5%-2.4%170.2K-2.9M-16.5K0.9796.25N/AN/A1,0561,0232,7661,296
2018-02-06$42.28$39.0046.1%10.5%36.4%100.0%38.2%15.4%-0.6%154.2K-2.3M-17.5K0.9884.37N/AN/A1,0831,0622,8741,515
2018-02-07$42.65$39.0032.9%9.4%36.5%57.5%34.9%9.8%0.8%172.0K-3.2M-18.2K1.0187.03N/AN/A1,0891,1012,8531,575
2018-02-08$39.27$39.0042.1%12.1%46.3%87.3%41.4%4.9%-5.6%94.5K-351.9K-16.9K1.2190.13N/AN/A1,0741,2962,8591,644
2018-02-09$40.40$39.3340.0%11.5%47.6%80.4%45.3%18.0%-0.9%64.3K125.7K-17.1K1.6474.74N/AN/A1,1191,8332,8591,773
2018-02-12$41.35$39.3337.9%10.9%48.4%73.7%44.6%14.7%-2.5%42.3K-437.5K-23.4K1.6486.01N/AN/A1,1191,8333,0272,436
2018-02-13$41.77$39.3337.3%10.7%48.7%71.6%40.9%8.8%-1.8%74.2K-1.0M-22.7K1.6766.09N/AN/A1,1041,8483,0272,436
2018-02-14$43.26$39.3327.1%7.8%50.3%38.8%27.0%10.7%3.8%126.1K-3.6M-18.6K1.6292.90N/AN/A1,1521,8663,0572,463
2018-02-15$43.73$39.3326.5%7.6%50.5%36.9%34.7%6.2%1.7%138.7K-4.6M-20.2K1.6499.69N/AN/A1,1551,8963,0902,460
2018-02-16$44.15$39.0025.6%7.3%50.4%34.0%29.3%7.5%3.8%43.1K-5.7M-18.1K1.1497.06N/AN/A1,6921,9263,1082,436
2018-02-20$43.64$39.0029.8%8.5%49.9%47.5%32.8%7.4%-0.0%116.7K-4.2M-20.6K1.4190.36N/AN/A1,1311,5902,5322,079
2018-02-21$43.33$39.0031.2%9.0%49.8%52.1%32.0%5.9%-2.2%133.7K-4.4M-20.6K1.4191.29N/AN/A1,1311,5902,5682,085
2018-02-22$42.84$39.0030.2%8.7%49.6%48.8%32.1%7.1%2.6%106.1K-3.6M-21.1K1.2377.61N/AN/A1,2031,4852,6072,085
2018-02-23$43.96$39.0027.5%7.9%50.8%40.0%25.4%9.0%-1.4%143.7K-4.6M-18.7K1.0788.92N/AN/A1,4611,5602,7122,172
2018-02-26$45.06$39.0025.2%7.2%51.6%32.8%28.3%7.6%4.4%257.3K-6.4M-19.7K1.5784.44N/AN/A9931,5602,9612,211
2018-02-27$44.31$39.0028.1%8.1%51.8%42.1%31.0%4.8%-0.3%253.1K-6.0M-20.7K1.5392.34N/AN/A1,0201,5602,9942,211
2018-02-28$43.37$39.0029.5%8.5%51.9%46.6%34.4%6.1%3.6%231.7K-4.9M-21.5K1.5098.78N/AN/A1,0291,5453,0062,214