UYG Options History — April 2019

In April 2019, UYG traded between $41.33 and $45.15. ATM implied volatility averaged 25.1%, placing in the 7.4% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 1.7% (HV 20d: 23.4%). Max pain ranged from $42.00 to $42.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.11.

Notable Days

  • 2019-04-11: Highest Volume — 2,539 contracts
  • 2019-04-10: Largest IV drop — 36.0% change
  • 2019-04-23: Highest IV Rank — 11.7%
  • 2019-04-23: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.92$41.33$45.15$41.33$45.15
Max Pain$42.00$42.00$42.00$42.00$42.00
ATM IV25.1%19.5%30.5%26.8%22.7%
Expected Move7.0%5.6%8.7%7.5%6.5%
HV 20d23.4%14.8%28.4%28.4%14.8%
HV 60d21.3%20.4%23.9%23.9%20.4%
IV Rank7.4%3.0%11.7%8.8%5.6%
IV Percentile24.8%1.6%58.3%34.1%9.9%
Term Structure-0.5%-11.6%3.3%1.4%0.0%
VWIV23.1%19.7%26.0%22.5%20.9%
Skew 25d5.1%0.9%7.2%7.2%5.4%
Skew 10d13.7%5.0%61.6%8.1%22.1%
Call IV 25d22.6%18.7%26.7%26.7%20.9%
Put IV 25d27.7%22.8%33.9%33.9%26.4%
Bid-Ask Spread %92.8680.23120.1796.1096.10
Gamma HHI0.280.130.580.150.32
Net GEX667.9K74.1K2.5M74.1K542.5K
Net DEX-5.0M-8.9M-2.1M-2.1M-7.3M
Net VEX-18.6K-23.6K-16.2K-17.6K-18.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.110.000.760.060.11
Total Volume440.238182,539132271
Total OI4,551.9053,2567,1023,2564,422

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$41.33$42.0026.8%7.5%28.4%8.8%22.5%7.2%1.4%74.1K-2.1M-17.6K0.0696.10N/AN/A12572,1021,154
2019-04-02$41.56$42.0026.8%7.2%28.4%8.8%25.0%3.8%-1.0%94.3K-2.5M-18.9K0.0581.61N/AN/A16882,1851,155
2019-04-03$41.61$42.0027.3%7.1%27.7%9.1%24.8%6.3%0.7%94.2K-2.7M-18.5K0.0382.82N/AN/A26982,1751,150
2019-04-04$41.87$42.0026.8%7.4%26.6%8.8%24.8%5.6%-0.0%124.1K-2.7M-18.5K0.0481.56N/AN/A228102,2951,150
2019-04-05$42.05$42.0026.9%7.4%26.5%8.9%25.0%6.6%0.6%154.5K-3.0M-18.7K0.0483.00N/AN/A447202,3631,151
2019-04-08$42.07$42.0026.9%7.1%25.0%8.8%23.8%5.8%1.0%210.8K-3.2M-18.3K0.0680.46N/AN/A179102,6321,151
2019-04-09$41.46$42.0030.4%7.6%25.7%11.6%23.2%6.4%0.9%184.9K-2.7M-18.0K0.0383.55N/AN/A369102,7841,151
2019-04-10$41.91$42.0019.5%5.6%25.5%3.0%21.1%5.9%3.3%328.0K-3.4M-18.8K0.03112.43N/AN/A332113,1291,151
2019-04-11$42.16$42.0024.9%7.2%25.4%7.3%22.7%5.2%-0.4%412.2K-3.9M-19.3K0.1884.28N/AN/A2,1463933,2991,151
2019-04-12$43.32$42.0025.2%7.2%27.1%7.5%24.6%5.9%-3.2%1.5M-8.7M-23.6K0.0285.06N/AN/A2,272405,3051,478
2019-04-15$42.89$42.0026.1%7.5%27.1%8.2%24.7%6.8%-0.8%1.5M-6.5M-20.6K0.0980.23N/AN/A3535,4161,477
2019-04-16$43.32$42.0024.6%7.1%26.5%7.1%23.1%6.0%-0.2%2.1M-8.9M-20.6K0.2487.04N/AN/A135335,4311,474
2019-04-17$43.40$42.0024.0%6.9%24.8%6.6%23.4%4.7%0.0%2.5M-8.4M-19.0K0.1091.73N/AN/A194195,5031,507
2019-04-18$43.28$42.0023.4%6.7%24.9%6.1%21.7%6.0%-0.6%2.3M-7.1M-17.9K0.0895.44N/AN/A255215,5791,523
2019-04-22$42.94$42.0023.8%6.8%17.9%6.4%19.7%5.0%-0.6%172.8K-3.8M-16.2K0.0692.80N/AN/A1712,4221,020
2019-04-23$43.60$42.0030.5%8.7%17.8%11.7%23.1%0.9%-11.6%214.3K-4.5M-16.7K0.01120.17N/AN/A20622,4251,021
2019-04-24$43.89$42.0021.7%6.2%17.5%4.8%20.2%4.2%-0.5%262.6K-4.7M-17.2K0.0197.58N/AN/A56652,6071,021
2019-04-25$43.99$42.0023.0%6.6%17.6%5.8%23.2%3.5%0.8%365.6K-5.3M-17.5K0.76108.63N/AN/A51393,1371,022
2019-04-26$44.43$42.0022.4%6.4%17.6%5.3%22.3%1.2%0.5%424.9K-5.7M-18.2K0.33107.28N/AN/A117393,1541,043
2019-04-29$45.03$42.0023.2%6.6%17.8%5.9%26.0%5.2%-1.1%503.0K-7.0M-18.4K0.00102.27N/AN/A18403,2321,043
2019-04-30$45.15$42.0022.7%6.5%14.8%5.6%20.9%5.4%0.0%542.5K-7.3M-18.8K0.1196.10N/AN/A244273,3621,060