UYG Options History — August 2018

In August 2018, UYG traded between $43.24 and $45.88. ATM implied volatility averaged 25.7%, placing in the 8.3% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 9.7% (HV 20d: 16.0%). Max pain ranged from $40.67 to $41.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 0.60.

Notable Days

  • 2018-08-08: Highest Volume — 2,119 contracts
  • 2018-08-28: Largest IV spike — 75.1% change
  • 2018-08-01: Highest IV Rank — 25.5%
  • 2018-08-01: Largest Expected Move — 13.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.60$43.24$45.88$43.81$45.26
Max Pain$40.96$40.67$41.00$40.67$41.00
ATM IV25.7%17.4%47.8%47.8%21.1%
Expected Move7.1%5.0%13.7%13.7%6.1%
HV 20d16.0%13.6%18.0%17.1%17.7%
HV 60d19.5%16.5%21.1%20.9%16.5%
IV Rank8.3%1.9%25.5%25.5%4.7%
IV Percentile40.8%0.8%99.6%99.6%13.5%
Term Structure0.6%-19.8%9.1%-19.8%6.1%
VWIV25.9%19.5%47.6%47.6%21.7%
Skew 25d4.6%-17.8%30.0%30.0%6.4%
Skew 10d10.8%-5.2%36.1%36.1%-0.6%
Call IV 25d25.0%16.2%45.5%39.0%20.4%
Put IV 25d29.6%22.2%69.0%69.0%26.7%
Bid-Ask Spread %68.0629.69149.25149.2550.30
Gamma HHI0.060.040.090.040.06
Net GEX141.8K108.2K192.0K119.3K144.3K
Net DEX-2.7M-3.5M-1.6M-3.2M-2.7M
Net VEX-15.3K-17.1K-10.2K-14.9K-17.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.401.160.400.75
Total Volume1,419.131,2152,1191,2351,271
Total OI3,326.872,8153,6972,8153,569

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-08-01$43.81$40.6747.8%13.7%17.1%25.5%47.6%30.0%-19.8%119.3K-3.2M-14.9K0.40149.25N/AN/A8833521,929886
2018-08-02$43.74$40.6725.9%7.4%17.2%8.5%26.1%3.6%-6.6%159.7K-3.0M-12.5K0.4129.69N/AN/A8763551,962886
2018-08-03$44.19$40.6723.7%6.8%17.0%6.7%23.0%-17.8%-2.4%160.8K-2.9M-11.9K0.4284.01N/AN/A8573581,962900
2018-08-06$44.46$41.0020.0%6.9%13.9%3.9%30.6%-3.8%4.0%174.7K-3.3M-11.7K0.4279.49N/AN/A8563591,967911
2018-08-07$44.79$41.0018.6%6.9%13.9%2.8%20.2%6.0%1.1%181.3K-3.5M-10.3K0.4179.16N/AN/A8673592,019927
2018-08-08$44.96$41.0018.5%5.5%13.6%2.7%19.5%5.0%5.5%192.0K-3.5M-10.2K1.1678.11N/AN/A9811,1382,023938
2018-08-09$44.60$41.0020.2%5.4%14.1%4.0%21.1%-0.0%5.9%158.0K-2.7M-15.8K1.0174.09N/AN/A9109222,0701,359
2018-08-10$43.68$41.0025.5%6.8%16.2%8.1%24.0%6.1%3.0%149.2K-2.1M-16.3K0.9752.92N/AN/A9489212,1051,367
2018-08-13$43.24$41.0034.0%6.8%15.2%14.8%27.6%8.3%2.8%126.2K-1.6M-15.7K0.4957.51N/AN/A1,1125482,1121,370
2018-08-14$43.80$41.0041.5%7.0%15.8%20.6%28.1%5.6%6.6%129.1K-2.1M-16.6K0.5583.46N/AN/A9985512,1681,379
2018-08-15$43.38$41.0031.9%9.1%15.2%13.2%38.1%-1.8%0.6%121.3K-2.0M-17.0K0.4482.67N/AN/A1,0404612,2091,386
2018-08-16$44.40$41.0025.8%7.4%16.7%8.4%22.8%6.1%4.4%155.5K-2.8M-16.8K0.5276.38N/AN/A9895112,2541,396
2018-08-17$44.70$41.0027.9%8.0%16.7%10.0%37.1%5.5%-5.1%108.2K-3.0M-17.1K0.5090.24N/AN/A9534762,2491,448
2018-08-20$44.96$41.0021.6%6.2%15.5%5.1%26.3%6.8%3.9%112.0K-2.3M-16.6K0.4777.25N/AN/A9194321,8221,328
2018-08-21$45.18$41.0017.4%5.0%15.6%1.9%23.7%4.0%9.1%128.7K-2.6M-16.6K0.4580.25N/AN/A9524321,9581,366
2018-08-22$44.76$41.0022.5%6.4%15.8%5.8%21.8%2.0%-0.8%131.8K-2.3M-16.7K0.5172.58N/AN/A8674402,0021,368
2018-08-23$44.46$41.0023.0%6.6%16.0%6.2%22.1%6.3%2.2%127.5K-2.2M-17.1K0.5334.50N/AN/A8384432,0321,379
2018-08-24$44.79$41.0022.1%6.3%16.2%5.5%20.7%6.4%1.6%125.6K-2.2M-16.4K0.6148.31N/AN/A8295022,0351,382
2018-08-27$45.65$41.0021.4%6.1%17.1%4.9%26.2%3.7%1.3%142.0K-3.0M-16.3K0.6548.93N/AN/A7745022,0571,418
2018-08-28$45.79$41.0037.4%10.7%17.1%17.5%22.3%6.5%-13.4%122.7K-2.8M-15.7K0.6654.00N/AN/A7785152,0861,423
2018-08-29$45.88$41.0021.0%6.0%17.0%4.7%21.4%4.3%2.2%146.9K-3.4M-16.8K0.6832.77N/AN/A7825292,0901,461
2018-08-30$45.22$41.0022.6%6.5%18.0%5.9%22.5%6.3%2.2%144.2K-2.6M-16.0K0.7349.42N/AN/A7255292,0941,466
2018-08-31$45.26$41.0021.1%6.1%17.7%4.7%21.7%6.4%6.1%144.3K-2.7M-17.1K0.7550.30N/AN/A7275442,0981,471