UYG Options History — August 2019

In August 2019, UYG traded between $41.99 and $45.78. ATM implied volatility averaged 33.4%, placing in the 27.2% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded below realized volatility by 3.7% (HV 20d: 37.2%). Max pain ranged from $42.00 to $46.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.54.

Notable Days

  • 2019-08-15: Highest Volume — 2,012 contracts
  • 2019-08-13: Largest IV spike — 71.4% change
  • 2019-08-13: Highest IV Rank — 66.1%
  • 2019-08-13: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.81$41.99$45.78$45.78$44.45
Max Pain$43.00$42.00$46.00$46.00$43.00
ATM IV33.4%24.7%58.8%24.7%30.0%
Expected Move8.9%7.1%11.2%7.1%8.6%
HV 20d37.2%19.8%44.6%19.8%44.4%
HV 60d28.1%24.0%30.7%24.0%29.6%
IV Rank27.2%13.9%66.1%13.9%22.0%
IV Percentile59.0%26.6%98.0%26.6%52.4%
Term Structure-2.7%-21.9%0.7%0.7%-0.8%
VWIV30.4%23.3%58.8%25.8%24.5%
Skew 25d9.5%5.6%13.1%5.8%9.0%
Skew 10d20.3%12.6%36.3%23.2%15.5%
Call IV 25d26.4%23.2%30.9%23.5%25.2%
Put IV 25d35.8%28.9%43.4%29.2%34.2%
Bid-Ask Spread %75.3163.05110.59103.4878.81
Gamma HHI0.220.120.350.140.35
Net GEX383.4K173.4K602.9K509.4K602.9K
Net DEX-3.9M-6.5M-1.5M-6.5M-5.7M
Net VEX-34.7K-38.4K-29.9K-38.4K-36.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.003.731.100.00
Total Volume194.13632,012168118
Total OI6,311.8185,6937,6166,3096,244

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-08-01$45.78$46.0024.7%7.1%19.8%13.9%25.8%5.8%0.7%509.4K-6.5M-38.4K1.10103.48N/AN/A80884,9941,315
2019-08-02$45.49$46.0026.4%7.6%19.8%16.4%25.9%5.6%-1.2%407.5K-5.8M-37.3K1.10110.59N/AN/A30334,9921,319
2019-08-05$42.84$43.0039.7%9.2%28.8%36.9%30.6%8.9%-4.6%231.6K-2.0M-32.7K0.5173.49N/AN/A172875,0221,330
2019-08-06$43.76$43.0034.8%8.7%29.9%29.4%31.5%10.0%-4.2%238.4K-3.0M-33.8K0.5669.61N/AN/A32184,9051,332
2019-08-07$43.74$43.0052.7%8.8%30.0%56.8%25.2%8.7%-2.5%241.8K-3.2M-34.0K0.3867.53N/AN/A32124,9271,349
2019-08-08$45.19$43.0027.1%8.0%32.5%17.5%30.2%9.6%-1.7%314.1K-4.9M-35.6K0.2473.83N/AN/A49124,9571,359
2019-08-09$45.18$42.0027.1%8.0%32.3%17.5%58.8%9.4%-1.0%362.7K-5.1M-35.6K0.0068.74N/AN/A2404,9891,357
2019-08-12$43.57$42.0034.3%9.4%34.4%28.6%25.6%11.2%-4.0%227.3K-2.9M-32.7K0.1968.19N/AN/A104204,9991,357
2019-08-13$44.35$42.0058.8%11.2%35.2%66.1%34.3%13.1%-21.9%277.3K-4.1M-34.9K0.1698.18N/AN/A61105,0341,367
2019-08-14$41.99$42.0036.9%10.6%39.7%32.5%36.5%12.5%-6.6%173.4K-1.5M-30.5K0.4072.75N/AN/A30125,0531,367
2019-08-15$42.25$42.0035.3%10.1%39.6%30.0%27.5%10.6%-2.5%197.3K-1.6M-29.9K0.0171.21N/AN/A1,985275,0631,366
2019-08-16$43.58$42.0030.2%8.7%41.6%22.3%30.6%9.0%-0.3%418.9K-3.9M-36.5K0.4275.64N/AN/A24106,2501,366
2019-08-19$44.49$43.0028.2%8.1%42.4%19.2%23.3%9.4%-1.6%504.7K-5.5M-37.8K0.0069.47N/AN/A80604,3831,310
2019-08-20$43.63$43.0028.2%8.1%42.1%19.3%0.0%9.0%0.7%480.1K-4.1M-36.1K0.0173.12N/AN/A7214,7851,310
2019-08-21$43.86$43.0028.5%8.2%41.6%19.7%27.3%8.3%-0.9%527.7K-4.9M-37.3K0.0075.22N/AN/A304,8571,311
2019-08-22$44.33$43.0028.3%8.1%41.8%19.3%27.9%9.3%-0.3%573.5K-5.5M-37.5K1.5473.89N/AN/A13204,8581,311
2019-08-23$42.30$43.0036.0%10.3%43.9%31.2%37.3%10.9%-1.8%362.1K-2.6M-33.0K3.7370.09N/AN/A15564,8681,331
2019-08-26$42.80$43.0033.4%9.6%44.3%27.2%31.1%10.5%-1.1%409.0K-3.0M-32.7K1.4363.05N/AN/A14204,8851,332
2019-08-27$42.70$43.0032.6%9.3%44.3%25.9%31.0%9.5%-1.2%378.6K-2.6M-31.9K0.0067.67N/AN/A10804,8781,359
2019-08-28$43.13$43.0032.7%9.4%44.6%26.1%28.5%9.0%-2.5%425.6K-3.0M-32.7K0.0064.27N/AN/A3204,8781,359
2019-08-29$44.33$43.0029.8%8.5%44.4%21.6%24.5%8.9%-0.8%570.5K-5.4M-35.9K0.0368.00N/AN/A4014,8731,359
2019-08-30$44.45$43.0030.0%8.6%44.4%22.0%24.5%9.0%-0.8%602.9K-5.7M-36.0K0.0078.81N/AN/A11804,8841,360