UYG Options History — July 2018

In July 2018, UYG traded between $40.26 and $44.01. ATM implied volatility averaged 26.6%, placing in the 9.0% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 8.8% (HV 20d: 17.8%). Max pain ranged from $40.67 to $41.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.37.

Notable Days

  • 2018-07-20: Highest Volume — 1,587 contracts
  • 2018-07-06: Largest IV drop — 8.8% change
  • 2018-07-03: Highest IV Rank — 12.4%
  • 2018-07-03: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.55$40.26$44.01$40.58$43.50
Max Pain$40.70$40.67$41.00$41.00$40.67
ATM IV26.6%24.0%30.9%30.5%26.8%
Expected Move7.5%6.9%8.9%8.7%7.7%
HV 20d17.8%12.5%20.8%16.6%17.6%
HV 60d22.0%20.9%23.1%23.1%20.9%
IV Rank9.0%7.0%12.4%12.1%9.2%
IV Percentile63.4%48.8%83.3%82.9%64.7%
Term Structure-1.2%-8.7%4.4%-2.0%-7.9%
VWIV27.1%24.8%31.6%31.3%26.1%
Skew 25d5.5%3.8%7.2%6.3%7.2%
Skew 10d10.6%-7.7%25.9%11.6%10.9%
Call IV 25d24.7%23.0%29.0%29.0%23.1%
Put IV 25d30.2%27.7%35.3%35.3%30.3%
Bid-Ask Spread %40.6319.2276.2755.6157.08
Gamma HHI0.070.050.130.050.05
Net GEX169.5K70.0K480.2K71.6K134.0K
Net DEX-2.1M-3.8M-686.8K-736.1K-2.6M
Net VEX-12.1K-13.4K-10.9K-11.4K-12.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.260.450.430.39
Total Volume1,306.7141,0511,5871,1391,258
Total OI2,946.0952,5083,5512,7012,730

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-07-02$40.58$41.0030.5%8.7%16.6%12.1%31.3%6.3%-2.0%71.6K-736.1K-11.4K0.4355.61N/AN/A7953441,784917
2018-07-03$40.26$41.0030.9%8.9%16.6%12.4%31.6%6.3%-4.8%70.0K-721.3K-11.8K0.4452.52N/AN/A7993491,784922
2018-07-05$40.53$40.6730.3%8.5%12.5%11.9%30.2%7.1%4.4%70.2K-686.8K-11.0K0.4476.27N/AN/A8053551,789930
2018-07-06$41.11$40.6727.6%7.8%13.7%9.8%27.1%5.5%0.4%82.1K-882.4K-10.9K0.4237.07N/AN/A8023401,801937
2018-07-09$42.35$40.6728.8%7.5%17.8%10.7%26.4%4.9%-1.8%120.2K-1.7M-11.8K0.3939.43N/AN/A8933521,809955
2018-07-10$42.21$40.6728.9%7.6%17.8%10.8%26.9%6.2%-8.7%137.3K-1.9M-11.7K0.3736.66N/AN/A8783221,915965
2018-07-11$42.02$40.6727.0%7.7%17.8%9.3%28.5%5.3%1.0%129.1K-1.7M-12.2K0.2934.21N/AN/A1,0963221,917979
2018-07-12$42.02$40.6727.5%7.9%17.6%9.7%27.8%5.6%-2.0%168.7K-1.9M-12.3K0.2732.32N/AN/A1,2083232,139979
2018-07-13$41.74$40.6725.3%7.3%17.3%8.0%25.6%4.6%-0.8%203.9K-1.8M-11.7K0.2654.44N/AN/A1,2543232,386986
2018-07-16$42.61$40.6724.4%7.0%18.9%7.3%25.4%5.2%0.3%283.2K-2.5M-12.1K0.2633.03N/AN/A1,2253232,413988
2018-07-17$42.76$40.6724.8%7.1%18.9%7.6%26.0%4.5%1.4%323.1K-2.8M-12.7K0.3228.05N/AN/A1,1863812,486992
2018-07-18$43.46$40.6724.0%6.9%19.6%7.0%25.8%4.6%-1.9%480.2K-3.8M-13.4K0.3246.90N/AN/A1,2013812,4991,027
2018-07-19$42.97$40.6725.2%7.2%20.1%7.9%26.4%6.0%-0.1%349.5K-2.9M-13.1K0.3327.55N/AN/A1,1763842,5201,027
2018-07-20$42.83$40.6725.0%7.2%19.9%7.8%24.8%5.5%1.3%198.8K-2.7M-12.5K0.3331.12N/AN/A1,1963912,5201,031
2018-07-23$43.64$40.6725.6%7.3%20.8%8.2%26.4%4.5%-1.1%107.0K-2.3M-12.1K0.4533.65N/AN/A7273241,671837
2018-07-24$43.64$40.6726.0%7.5%19.1%8.6%27.4%5.3%-1.5%115.6K-2.4M-12.4K0.4219.22N/AN/A7643231,722839
2018-07-25$44.01$40.6724.8%7.1%19.1%7.6%25.1%5.0%0.4%128.6K-2.6M-12.2K0.4242.90N/AN/A7913351,770841
2018-07-26$43.97$40.6724.9%7.1%17.4%7.7%26.2%3.8%-2.4%132.0K-2.7M-12.2K0.4420.16N/AN/A7933511,801856
2018-07-27$43.82$40.6724.9%7.1%17.4%7.6%26.8%4.7%2.1%120.6K-2.4M-12.7K0.4269.81N/AN/A8313521,815878
2018-07-30$43.56$40.6725.3%7.3%17.8%8.0%26.7%7.0%-2.0%134.8K-2.6M-12.4K0.4225.27N/AN/A8363521,830881
2018-07-31$43.50$40.6726.8%7.7%17.6%9.2%26.1%7.2%-7.9%134.0K-2.6M-12.0K0.3957.08N/AN/A9063521,847883