UYG Options History — May 2019

In May 2019, UYG traded between $40.78 and $45.48. ATM implied volatility averaged 30.3%, placing in the 13.2% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 4.9% (HV 20d: 25.5%). Max pain ranged from $39.00 to $42.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 1.05.

Notable Days

  • 2019-05-30: Highest Volume — 443 contracts
  • 2019-05-07: Largest IV spike — 55.5% change
  • 2019-05-31: Highest IV Rank — 26.8%
  • 2019-05-13: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.11$40.78$45.48$44.91$40.78
Max Pain$39.41$39.00$42.00$42.00$39.00
ATM IV30.3%22.2%42.1%22.2%33.2%
Expected Move8.2%6.4%9.6%6.4%9.5%
HV 20d25.5%15.1%31.1%15.1%31.1%
HV 60d23.5%20.4%25.8%20.4%25.8%
IV Rank13.2%5.2%26.8%5.2%26.8%
IV Percentile50.4%7.5%84.1%7.5%66.3%
Term Structure-1.0%-5.9%9.2%9.2%-1.5%
VWIV26.7%21.0%34.0%22.3%34.0%
Skew 25d7.5%4.7%10.5%4.7%9.0%
Skew 10d16.4%-26.0%27.8%-26.0%17.0%
Call IV 25d25.1%19.5%29.6%21.6%29.6%
Put IV 25d32.6%26.0%38.6%26.4%38.6%
Bid-Ask Spread %82.3569.14114.82114.8275.32
Gamma HHI0.190.120.350.340.13
Net GEX265.7K44.8K644.2K571.2K45.0K
Net DEX-4.1M-8.0M-1.2M-7.4M-1.2M
Net VEX-15.8K-19.2K-13.0K-19.2K-14.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.050.008.950.094.91
Total Volume153.0458443314443
Total OI4,299.6823,5004,7884,5093,943

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$44.91$42.0022.2%6.4%15.1%5.2%22.3%4.7%9.2%571.2K-7.4M-19.2K0.09114.82N/AN/A287273,4541,055
2019-05-02$44.68$42.0023.9%6.8%15.5%6.5%22.5%5.3%0.1%536.5K-6.7M-19.1K0.19102.53N/AN/A175343,4541,055
2019-05-03$45.48$42.0022.4%6.4%16.2%5.3%21.0%6.5%0.8%644.2K-8.0M-18.9K0.22105.02N/AN/A155343,4581,050
2019-05-06$45.16$39.0027.1%7.4%16.7%9.0%22.7%6.9%-1.0%575.4K-7.3M-17.8K0.0371.78N/AN/A18253,4581,050
2019-05-07$43.34$39.0042.1%8.9%23.1%20.7%26.3%9.8%-3.6%376.9K-4.8M-18.4K0.0469.94N/AN/A18683,6351,055
2019-05-08$43.71$39.0036.0%8.5%22.4%16.0%27.7%10.5%-1.7%413.5K-5.2M-18.2K0.1478.78N/AN/A5683,6361,055
2019-05-09$43.41$39.0027.9%9.0%22.4%9.6%28.0%6.3%-2.2%343.4K-4.4M-17.1K0.1393.29N/AN/A6893,6791,055
2019-05-10$43.73$39.0037.3%8.2%22.4%17.0%25.8%7.1%-1.9%380.4K-4.6M-16.5K1.0091.06N/AN/A443,6671,054
2019-05-13$41.78$39.0041.8%9.6%26.1%20.5%29.3%8.4%-5.9%191.3K-3.0M-15.3K0.3185.02N/AN/A48153,6671,054
2019-05-14$42.82$39.0034.7%8.4%27.5%14.9%29.8%9.4%-3.0%229.9K-3.7M-15.1K0.5180.09N/AN/A119613,6491,062
2019-05-15$42.67$39.0029.5%8.5%27.3%10.9%27.9%6.8%-1.9%204.5K-3.6M-14.4K0.0073.42N/AN/A5803,6751,061
2019-05-16$43.38$39.0027.7%7.9%28.0%9.4%24.5%8.2%-0.8%242.2K-4.4M-14.4K0.0578.42N/AN/A9653,6871,061
2019-05-17$42.96$39.0028.1%8.0%28.2%9.8%24.5%10.1%-1.5%285.0K-4.0M-14.1K0.0877.32N/AN/A197153,7261,062
2019-05-20$42.73$39.0027.5%7.9%28.1%9.3%27.3%9.4%0.8%137.8K-3.3M-13.7K0.4569.14N/AN/A1152,536964
2019-05-21$43.49$39.0025.7%7.4%28.3%7.9%25.6%5.9%0.8%167.6K-3.8M-13.2K0.5670.22N/AN/A952,547969
2019-05-22$43.32$39.0026.5%7.6%28.2%8.5%25.4%5.8%-0.5%163.0K-3.9M-13.0K0.2274.10N/AN/A2352,553969
2019-05-23$41.98$39.0031.5%9.0%30.2%12.4%28.6%5.8%-3.0%70.0K-2.2M-15.7K0.1577.74N/AN/A4772,5671,294
2019-05-24$42.82$39.0028.2%8.1%30.9%9.9%27.7%5.8%-0.6%89.5K-2.7M-15.3K0.1274.13N/AN/A5872,5811,295
2019-05-28$42.09$39.0031.8%9.1%30.8%12.7%27.2%10.3%-0.3%75.1K-2.3M-14.5K0.1183.04N/AN/A3642,6301,295
2019-05-29$41.73$39.0030.6%8.8%30.8%22.9%26.9%5.1%-1.6%44.8K-1.8M-13.9K8.9590.24N/AN/A413672,6391,298
2019-05-30$41.49$39.0032.2%9.2%30.8%25.3%31.7%7.9%-2.0%59.0K-1.7M-15.0K4.9176.29N/AN/A753682,6391,300
2019-05-31$40.78$39.0033.2%9.5%31.1%26.8%34.0%9.0%-1.5%45.0K-1.2M-14.7K4.9175.32N/AN/A753682,6441,299