UYG Options History — February 2019

In February 2019, UYG traded between $38.48 and $40.97. ATM implied volatility averaged 28.5%, placing in the 8.8% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 9.7% (HV 20d: 18.8%). Max pain ranged from $42.00 to $44.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.72.

Notable Days

2019-02-15: Highest Volume — 655 contracts
2019-02-04: Largest IV drop — 31.6% change
2019-02-01: Highest IV Rank — 15.5%
2019-02-01: Largest Expected Move — 9.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$40.02	$38.48	$40.97	$39.06	$40.91
Max Pain	$43.42	$42.00	$44.00	$44.00	$42.00
ATM IV	28.5%	24.6%	36.9%	36.9%	25.4%
Expected Move	8.2%	7.3%	9.5%	9.5%	7.3%
HV 20d	18.8%	15.2%	24.2%	24.2%	15.2%
HV 60d	36.0%	34.3%	37.3%	37.2%	34.3%
IV Rank	8.8%	5.7%	15.5%	15.5%	6.4%
IV Percentile	39.2%	17.5%	68.7%	68.7%	23.8%
Term Structure	0.6%	-5.3%	4.3%	-5.3%	1.3%
VWIV	27.5%	24.8%	30.1%	26.5%	24.8%
Skew 25d	5.5%	-15.0%	8.3%	-15.0%	6.2%
Skew 10d	16.7%	10.7%	45.8%	45.8%	12.5%
Call IV 25d	27.7%	23.9%	52.1%	52.1%	23.9%
Put IV 25d	33.2%	30.1%	37.0%	37.0%	30.1%
Bid-Ask Spread %	91.77	84.45	107.49	98.23	93.14
Gamma HHI	0.13	0.09	0.19	0.09	0.19
Net GEX	9.9K	-43.5K	31.6K	-9.1K	25.6K
Net DEX	355.9K	-596.1K	1.6M	1.1M	-469.2K
Net VEX	-19.4K	-22.5K	-16.6K	-19.2K	-20.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.72	0.03	6.00	0.26	0.30
Total Volume	166.158	14	655	505	147
Total OI	6,061.737	5,782	6,380	5,782	6,330

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2019-02-01	$39.06	$44.00	36.9%	9.5%	24.2%	15.5%	26.5%	-15.0%	-5.3%	-9.1K	1.1M	-19.2K	0.26	98.23	N/A	N/A	402	103	3,500	2,282
2019-02-04	$39.35	$44.00	25.2%	7.9%	19.0%	6.2%	0.0%	7.1%	2.7%	16.7K	882.1K	-18.7K	6.00	86.67	N/A	N/A	2	12	3,634	2,282
2019-02-05	$39.56	$44.00	24.6%	7.8%	18.8%	5.7%	27.4%	6.9%	2.2%	12.2K	791.4K	-18.2K	1.50	87.41	N/A	N/A	8	12	3,633	2,294
2019-02-06	$39.33	$44.00	28.0%	8.0%	19.3%	8.4%	26.0%	7.0%	1.5%	15.4K	899.9K	-18.2K	0.26	86.46	N/A	N/A	19	5	3,631	2,294
2019-02-07	$38.88	$44.00	29.8%	8.5%	20.4%	9.9%	28.3%	8.1%	0.4%	16.7K	1.3M	-17.8K	0.91	88.30	N/A	N/A	32	29	3,636	2,299
2019-02-08	$38.48	$44.00	31.8%	9.1%	21.1%	11.4%	30.1%	8.3%	-0.1%	6.5K	1.6M	-17.7K	0.35	84.58	N/A	N/A	86	30	3,647	2,311
2019-02-11	$38.93	$44.00	29.8%	8.5%	21.2%	9.8%	30.1%	7.2%	1.2%	31.0K	1.4M	-17.1K	0.07	84.45	N/A	N/A	14	1	3,646	2,312
2019-02-12	$39.71	$44.00	28.6%	8.2%	21.8%	8.9%	27.4%	6.4%	0.9%	27.5K	717.9K	-16.9K	0.79	103.31	N/A	N/A	14	11	3,651	2,312
2019-02-13	$40.10	$44.00	28.4%	8.1%	21.5%	8.7%	28.0%	7.2%	0.5%	12.9K	199.3K	-17.0K	0.44	103.78	N/A	N/A	34	15	3,651	2,321
2019-02-14	$39.68	$44.00	29.9%	8.6%	19.2%	10.0%	28.2%	5.3%	0.9%	31.6K	825.0K	-16.6K	0.03	101.51	N/A	N/A	609	19	3,645	2,322
2019-02-15	$40.60	$44.00	25.9%	7.4%	20.4%	6.7%	25.7%	5.9%	4.3%	-43.5K	-596.1K	-21.1K	0.03	107.49	N/A	N/A	636	19	4,057	2,323
2019-02-19	$40.90	$44.00	28.5%	8.2%	18.7%	8.8%	27.2%	6.2%	2.3%	-19.5K	-172.8K	-21.4K	0.11	88.05	N/A	N/A	98	11	3,741	2,229
2019-02-20	$40.97	$43.00	29.2%	8.4%	16.0%	9.4%	26.9%	6.2%	-1.4%	-893	-394.3K	-22.5K	0.11	88.20	N/A	N/A	98	11	3,838	2,235
2019-02-21	$40.61	$43.00	28.9%	8.3%	16.7%	9.1%	28.5%	6.5%	-0.3%	-14.9K	80.4K	-21.4K	0.10	87.29	N/A	N/A	237	24	3,838	2,234
2019-02-22	$40.79	$43.00	27.1%	7.8%	16.7%	7.7%	27.5%	6.2%	0.4%	13.8K	-313.2K	-21.7K	0.66	87.63	N/A	N/A	71	47	3,941	2,243
2019-02-25	$40.90	$42.00	28.6%	8.2%	15.8%	8.9%	28.3%	7.2%	-0.3%	24.4K	-518.5K	-20.9K	0.87	90.91	N/A	N/A	39	34	3,991	2,245
2019-02-26	$40.82	$42.00	27.1%	7.8%	15.7%	7.7%	27.0%	5.1%	-0.4%	18.1K	-341.2K	-20.9K	0.58	88.87	N/A	N/A	59	34	4,026	2,277
2019-02-27	$40.85	$42.00	27.0%	7.7%	15.7%	7.6%	26.6%	6.2%	-0.1%	24.0K	-271.0K	-21.0K	0.34	87.28	N/A	N/A	101	34	4,046	2,276
2019-02-28	$40.91	$42.00	25.4%	7.3%	15.2%	6.4%	24.8%	6.2%	1.3%	25.6K	-469.2K	-20.6K	0.30	93.14	N/A	N/A	113	34	4,054	2,276