UYG Options History — April 2018

In April 2018, UYG traded between $39.40 and $41.73. ATM implied volatility averaged 33.4%, placing in the 57.3% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded below realized volatility by 11.6% (HV 20d: 45.0%). Max pain ranged from $40.33 to $45.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.10.

Notable Days

  • 2018-04-16: Highest Volume — 2,445 contracts
  • 2018-04-25: Largest IV spike — 24.2% change
  • 2018-04-02: Highest IV Rank — 100.0%
  • 2018-04-02: Largest Expected Move — 13.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.85$39.40$41.73$39.40$41.13
Max Pain$41.32$40.33$45.00$45.00$40.33
ATM IV33.4%22.8%47.1%47.1%22.8%
Expected Move9.4%6.5%13.5%13.5%6.5%
HV 20d45.0%30.5%50.9%46.7%30.5%
HV 60d43.3%41.3%44.2%41.3%43.9%
IV Rank57.3%24.2%100.0%100.0%24.2%
IV Percentile85.4%48.4%100.0%100.0%48.4%
Term Structure-0.3%-6.3%4.8%-6.3%4.8%
VWIV35.0%27.2%47.8%47.8%27.2%
Skew 25d5.4%-4.7%9.2%8.9%-4.7%
Skew 10d12.7%-0.2%22.8%21.0%13.6%
Call IV 25d32.4%26.4%45.0%45.0%32.6%
Put IV 25d37.8%27.9%53.9%53.9%27.9%
Bid-Ask Spread %77.7958.97101.7778.3796.61
Gamma HHI0.060.050.070.050.06
Net GEX23.9K-13.9K98.8K-13.6K52.9K
Net DEX403.4K-687.0K1.6M1.6M-649.9K
Net VEX-16.8K-19.2K-14.9K-18.2K-15.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.100.871.241.100.93
Total Volume2,159.2861,5692,4452,3041,833
Total OI3,970.1433,3184,3623,8943,636

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$39.40$45.0047.1%13.5%46.7%100.0%47.8%8.9%-6.3%-13.6K1.6M-18.2K1.1078.37N/AN/A1,0981,2061,9681,926
2018-04-03$40.22$45.0041.5%11.9%46.4%82.5%43.6%7.0%-2.0%-12.1K1.2M-18.3K1.1975.34N/AN/A9991,1911,9711,938
2018-04-04$41.27$43.6738.1%10.9%47.5%71.8%38.7%6.9%-2.5%-13.9K958.6K-17.5K1.2383.16N/AN/A9991,2332,0401,959
2018-04-05$41.73$41.0036.2%9.9%47.7%66.0%35.3%8.4%-0.8%15.8K238.3K-19.2K1.2163.02N/AN/A1,0201,2362,0522,001
2018-04-06$39.76$41.0043.8%10.9%50.3%89.6%38.9%4.7%-2.1%-7.5K1.4M-18.1K1.1776.12N/AN/A1,0441,2242,0882,004
2018-04-09$40.50$41.0042.7%10.7%48.1%86.3%38.1%9.0%0.5%4.9K777.4K-18.2K1.2458.97N/AN/A9961,2392,0882,001
2018-04-10$41.07$41.0039.1%10.5%48.6%75.2%36.1%5.7%-1.1%6.5K719.0K-17.8K1.1973.06N/AN/A1,0441,2392,1152,016
2018-04-11$40.40$41.0033.0%9.5%48.5%55.9%36.6%7.5%1.6%9.7K807.5K-17.3K1.2397.09N/AN/A1,0591,3052,2082,016
2018-04-12$41.50$41.0035.2%10.1%49.5%62.8%35.5%6.3%-1.0%43.7K63.7K-18.5K1.1760.95N/AN/A1,0861,2722,2381,950
2018-04-13$40.24$41.0035.2%10.1%50.4%62.7%34.7%4.7%-0.1%13.3K873.5K-17.0K1.1472.12N/AN/A1,1161,2752,2921,962
2018-04-16$40.99$41.0031.1%8.9%50.8%50.2%32.5%5.1%-0.3%28.5K519.4K-16.4K1.0877.64N/AN/A1,1761,2692,3011,983
2018-04-17$41.15$41.0028.2%8.1%50.6%41.0%32.4%6.7%-0.3%45.6K376.4K-16.1K1.0972.50N/AN/A1,1461,2512,3431,989
2018-04-18$40.89$41.0028.6%8.2%50.6%42.2%34.5%0.7%1.9%37.6K448.7K-16.6K1.1372.87N/AN/A1,1221,2692,3372,010
2018-04-19$41.38$41.0028.9%8.3%50.9%43.1%34.6%6.5%1.5%49.4K258.0K-15.9K1.1478.97N/AN/A1,1131,2722,3401,977
2018-04-20$41.19$41.0030.0%8.6%46.2%46.6%30.0%4.4%0.6%98.8K313.2K-15.9K1.1773.64N/AN/A1,1191,3052,3821,980
2018-04-23$41.09$40.3328.5%8.2%41.3%42.0%30.3%5.4%-0.7%30.7K-353.7K-15.4K1.0075.09N/AN/A7867831,7851,533
2018-04-24$40.60$40.3327.3%7.8%36.9%38.2%31.3%4.9%2.4%25.7K-331.4K-15.7K0.9388.71N/AN/A8678101,8121,575
2018-04-25$40.55$40.3333.9%9.7%34.8%58.9%34.0%4.0%-2.7%888183.5K-14.9K0.9577.64N/AN/A8858371,8751,602
2018-04-26$41.25$40.3327.2%7.8%35.2%37.8%31.3%9.2%1.1%29.9K-299.7K-15.2K0.8779.91N/AN/A9518311,8841,617
2018-04-27$41.48$40.3323.8%6.8%34.2%27.1%32.3%2.3%-0.4%54.8K-687.0K-15.7K0.93101.77N/AN/A9518881,9621,617
2018-04-30$41.13$40.3322.8%6.5%30.5%24.2%27.2%-4.7%4.8%52.9K-649.9K-15.2K0.9396.61N/AN/A9518821,9621,674