UYG Options History — March 2019

In March 2019, UYG traded between $38.70 and $42.18. ATM implied volatility averaged 27.8%, placing in the 8.9% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 7.8% (HV 20d: 20.0%). Max pain ranged from $39.00 to $45.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.45.

Notable Days

  • 2019-03-19: Highest Volume — 516 contracts
  • 2019-03-18: Largest IV spike — 49.1% change
  • 2019-03-07: Highest IV Rank — 14.7%
  • 2019-03-07: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.38$38.70$42.18$41.26$40.00
Max Pain$41.45$39.00$45.00$42.00$42.00
ATM IV27.8%15.6%35.9%24.9%26.9%
Expected Move8.0%6.6%10.3%7.1%7.4%
HV 20d20.0%15.3%26.1%15.3%25.9%
HV 60d28.4%23.8%34.3%34.3%23.8%
IV Rank8.9%0.0%14.7%5.9%8.9%
IV Percentile38.0%0.0%69.0%20.6%34.5%
Term Structure0.3%-2.3%8.6%0.8%-1.4%
VWIV28.1%21.0%37.6%24.5%26.1%
Skew 25d5.1%-25.1%10.2%5.1%7.5%
Skew 10d13.7%7.8%21.0%15.7%8.2%
Call IV 25d26.4%20.9%49.0%23.6%24.1%
Put IV 25d31.4%23.9%37.1%28.8%31.6%
Bid-Ask Spread %85.8959.54119.9894.0293.82
Gamma HHI0.150.130.190.190.14
Net GEX29.6K-56.2K84.2K38.0K52.4K
Net DEX-750.5K-2.2M1.5M-724.9K-1.3M
Net VEX-17.7K-21.0K-15.5K-21.0K-18.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.450.001.530.341.19
Total Volume166.2860516186147
Total OI4,822.9052,5736,4796,3403,256

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$41.26$42.0024.9%7.1%15.3%5.9%24.5%5.1%0.8%38.0K-724.9K-21.0K0.3494.02N/AN/A139474,0642,276
2019-03-04$40.81$42.0029.1%8.3%15.8%9.3%0.0%6.7%-0.5%17.9K-145.3K-19.6K0.0097.17N/AN/A004,1002,288
2019-03-05$40.83$42.0026.1%7.5%15.7%6.9%28.8%6.0%-0.3%3.3K-48.3K-18.6K0.3398.54N/AN/A2174,1002,288
2019-03-06$40.20$42.0029.3%8.4%16.8%9.4%33.4%7.6%-2.3%4.4K180.8K-18.7K0.30101.64N/AN/A2784,1192,288
2019-03-07$39.41$42.0035.9%10.3%18.2%14.7%31.1%6.3%-1.9%-30.6K1.1M-18.1K0.06108.13N/AN/A14584,1222,289
2019-03-08$39.27$43.0034.4%9.9%17.7%13.5%37.6%10.2%1.6%-56.2K1.5M-17.7K0.12105.56N/AN/A155184,1652,289
2019-03-11$40.32$39.0032.0%7.9%19.5%11.6%34.2%7.6%2.8%-39.0K105.8K-17.0K0.0094.32N/AN/A064,1652,206
2019-03-12$40.59$39.0024.4%7.3%19.2%5.5%0.0%7.4%5.1%-67-365.1K-16.8K0.0095.61N/AN/A204,1652,212
2019-03-13$41.15$39.0024.4%7.5%18.6%5.5%25.4%5.8%2.3%39.8K-1.0M-16.5K0.0059.54N/AN/A13404,1672,212
2019-03-14$41.44$39.0023.3%7.9%18.5%4.7%25.9%6.0%2.4%84.2K-1.3M-16.0K0.0476.94N/AN/A13864,2602,212
2019-03-15$41.65$39.0015.6%7.3%17.9%0.0%25.8%-25.1%8.6%48.4K-1.7M-16.2K0.0761.73N/AN/A147114,2642,215
2019-03-18$42.18$0.0023.3%6.6%16.7%6.0%24.8%5.7%-0.2%54.8K-2.2M-16.1K0.00119.98N/AN/A7001,610963
2019-03-19$41.50$45.0027.8%7.8%17.7%9.5%23.2%9.5%-0.1%52.2K-2.0M-15.5K0.3478.67N/AN/A3851311,680963
2019-03-20$40.55$42.0026.9%7.5%19.6%8.8%21.0%4.8%-1.8%70.2K-2.0M-18.9K0.37100.04N/AN/A3321231,9411,084
2019-03-21$40.71$42.0027.3%7.5%19.5%9.1%24.9%5.5%-1.0%69.9K-1.8M-19.0K0.2465.72N/AN/A348822,0631,108
2019-03-22$38.93$42.0032.1%8.7%25.0%13.0%26.4%6.8%-1.8%49.2K-866.9K-18.3K0.2674.34N/AN/A326842,0941,118
2019-03-25$38.70$42.0032.0%8.6%25.0%12.8%31.3%7.7%-2.1%39.9K-501.4K-17.5K1.5364.88N/AN/A38582,0821,121
2019-03-26$39.26$42.0029.9%8.2%25.7%11.2%29.8%3.8%-1.6%37.4K-682.4K-17.5K1.1468.20N/AN/A50572,0831,150
2019-03-27$39.47$42.0030.5%8.3%25.8%11.6%30.2%5.0%-1.9%41.0K-781.5K-17.7K1.0271.09N/AN/A58592,0941,150
2019-03-28$39.84$42.0028.1%7.8%26.1%9.8%29.1%6.5%-1.5%44.7K-1.1M-17.6K1.2773.70N/AN/A55702,0991,156
2019-03-29$40.00$42.0026.9%7.4%25.9%8.9%26.1%7.5%-1.4%52.4K-1.3M-18.0K1.1993.82N/AN/A67802,1011,155