UYG Options History — July 2019

In July 2019, UYG traded between $45.65 and $48.04. ATM implied volatility averaged 21.9%, placing in the 9.6% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 4.5% (HV 20d: 17.4%). Max pain ranged from $43.00 to $46.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 1.30.

Notable Days

  • 2019-07-12: Highest Volume — 855 contracts
  • 2019-07-31: Largest IV spike — 118.9% change
  • 2019-07-31: Highest IV Rank — 42.8%
  • 2019-07-31: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.85$45.65$48.04$45.65$47.47
Max Pain$45.09$43.00$46.00$43.00$46.00
ATM IV21.9%18.4%43.6%21.6%43.6%
Expected Move6.4%5.3%12.5%6.2%12.5%
HV 20d17.4%15.6%22.8%22.8%15.7%
HV 60d24.3%23.9%24.8%24.6%24.3%
IV Rank9.6%4.2%42.8%9.1%42.8%
IV Percentile9.8%0.8%85.3%4.4%85.3%
Term Structure0.0%-20.8%2.7%1.3%-20.8%
VWIV20.3%16.9%25.3%21.8%24.5%
Skew 25d5.6%4.0%7.3%5.8%5.2%
Skew 10d12.3%9.1%15.2%12.0%11.5%
Call IV 25d19.1%16.5%20.7%19.6%20.7%
Put IV 25d24.7%21.4%26.9%25.4%25.9%
Bid-Ask Spread %86.1073.73117.2797.98117.27
Gamma HHI0.210.150.270.230.22
Net GEX720.7K401.0K1.1M401.0K751.3K
Net DEX-8.7M-10.5M-6.1M-6.1M-9.7M
Net VEX-42.4K-44.9K-39.7K-42.2K-40.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.300.0016.670.291.19
Total Volume216.31845855152153
Total OI5,964.7274,7776,8774,7776,307

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$45.65$43.0021.6%6.2%22.8%9.1%21.8%5.8%1.3%401.0K-6.1M-42.2K0.2997.98N/AN/A118343,5121,265
2019-07-02$45.84$43.0020.7%5.9%18.6%7.7%25.3%5.6%2.6%438.9K-6.5M-42.4K0.7187.37N/AN/A65463,5951,282
2019-07-03$46.56$43.0018.6%5.3%17.9%4.6%20.2%5.5%2.7%480.6K-7.8M-42.5K0.2199.12N/AN/A240513,6281,284
2019-07-05$46.77$45.0018.5%6.0%17.7%4.4%19.6%6.0%1.7%552.4K-8.7M-43.3K0.3277.59N/AN/A5591783,8431,284
2019-07-08$46.52$45.0019.8%6.3%18.0%6.4%19.7%5.9%1.0%607.7K-8.4M-43.9K0.0075.83N/AN/A4504,1791,309
2019-07-09$46.80$45.0020.7%6.4%17.7%7.8%22.9%6.1%1.1%631.6K-8.9M-44.0K0.4173.73N/AN/A49204,2241,309
2019-07-10$46.74$45.0025.0%7.2%17.6%14.4%20.5%7.3%-4.3%643.4K-8.9M-43.7K0.2294.11N/AN/A93204,2741,329
2019-07-11$46.89$45.0021.6%6.2%17.0%9.1%20.8%5.5%1.5%702.6K-9.2M-43.3K0.1681.22N/AN/A128204,2801,329
2019-07-12$47.32$45.0022.5%6.4%17.1%10.5%18.5%5.8%0.6%718.9K-10.2M-43.5K0.0485.31N/AN/A823324,3651,329
2019-07-15$46.86$45.0021.9%6.3%17.5%9.7%19.7%5.3%0.8%919.4K-9.8M-44.9K1.0675.15N/AN/A941005,1451,331
2019-07-16$46.79$45.0021.4%6.1%16.9%8.9%19.2%5.6%1.3%966.8K-9.6M-44.9K0.4681.64N/AN/A2161005,2381,431
2019-07-17$46.23$45.0022.9%6.6%17.0%11.2%20.2%5.6%-0.2%793.5K-7.8M-42.1K0.4283.13N/AN/A2421025,4391,433
2019-07-18$46.62$45.0020.8%6.0%17.2%8.0%18.8%5.3%1.2%1.1M-9.0M-43.7K0.4789.51N/AN/A2481165,4391,433
2019-07-19$46.26$45.0022.3%6.4%17.2%10.2%20.2%5.9%0.8%779.6K-8.1M-42.3K0.6181.58N/AN/A2011225,4301,447
2019-07-22$46.12$46.0021.9%6.3%17.1%9.7%20.4%4.0%0.8%560.0K-7.0M-41.0K16.6780.85N/AN/A3504,9361,211
2019-07-23$47.03$46.0019.9%5.7%17.6%6.6%19.6%5.5%1.5%671.3K-8.3M-40.9K0.8187.29N/AN/A31254,9391,257
2019-07-24$47.78$46.0018.4%5.3%16.8%4.2%19.3%4.9%1.7%855.4K-9.9M-41.5K0.7684.24N/AN/A33254,9561,262
2019-07-25$47.26$46.0021.3%6.1%16.7%8.7%19.0%5.6%1.3%729.5K-8.9M-41.3K0.4583.57N/AN/A55254,9541,262
2019-07-26$48.04$46.0019.4%5.6%16.8%5.8%16.9%5.7%1.4%913.0K-10.5M-41.5K0.4084.64N/AN/A70284,9741,262
2019-07-29$47.62$46.0019.0%5.4%16.6%5.1%19.3%4.8%0.8%829.8K-9.6M-39.7K1.7186.62N/AN/A17294,9871,262
2019-07-30$47.53$46.0019.9%5.7%15.6%6.6%20.6%5.4%1.4%787.8K-9.3M-39.8K1.2286.52N/AN/A69844,9931,276
2019-07-31$47.47$46.0043.6%12.5%15.7%42.8%24.5%5.2%-20.8%751.3K-9.7M-40.1K1.19117.27N/AN/A70834,9931,314