UYG Options History — February 2020

In February 2020, UYG traded between $40.67 and $57.56. ATM implied volatility averaged 27.7%, placing in the 26.6% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded below realized volatility by 2.5% (HV 20d: 30.1%). Max pain ranged from $43.00 to $49.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.19.

Notable Days

  • 2020-02-06: Highest Volume — 799 contracts
  • 2020-02-27: Largest IV spike — 32.5% change
  • 2020-02-28: Highest IV Rank — 100.0%
  • 2020-02-28: Largest Expected Move — 19.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.07$40.67$57.56$53.51$40.67
Max Pain$43.95$43.00$49.00$49.00$43.00
ATM IV27.7%18.6%69.4%23.1%69.4%
Expected Move8.1%5.8%19.9%6.6%19.9%
HV 20d30.1%24.4%58.3%24.4%58.3%
HV 60d21.7%18.1%38.1%18.1%38.1%
IV Rank26.6%6.7%100.0%17.4%100.0%
IV Percentile43.3%5.2%100.0%36.5%100.0%
Term Structure-1.9%-22.4%1.7%-2.4%-22.4%
VWIV30.8%20.0%63.4%20.8%63.4%
Skew 25d8.3%5.3%23.6%8.4%8.1%
Skew 10d15.1%10.3%33.0%16.0%12.3%
Call IV 25d25.5%18.1%83.5%20.8%83.5%
Put IV 25d33.8%24.2%91.6%29.3%91.6%
Bid-Ask Spread %47.947.0277.3868.2676.11
Gamma HHI0.130.100.180.100.14
Net GEX260.3K135.6K336.4K135.6K136.7K
Net DEX-13.0M-18.4M-748.0K-10.0M-748.0K
Net VEX-16.0K-20.1K-13.5K-20.1K-15.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.190.000.850.000.27
Total Volume288.2634679969721
Total OI4,636.3163,8205,3474,4353,862

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$53.51$49.0023.1%6.6%24.4%17.4%20.8%8.4%-2.4%135.6K-10.0M-20.1K0.0068.26N/AN/A6903,0201,415
2020-02-04$54.76$49.0021.6%6.2%25.6%13.8%23.1%7.1%1.5%183.8K-11.8M-18.3K0.0377.38N/AN/A6223,0331,415
2020-02-05$55.91$49.0020.4%5.8%26.2%11.0%22.2%6.1%1.7%211.5K-13.1M-16.3K0.2017.37N/AN/A76153,0301,415
2020-02-06$56.03$43.0019.8%6.4%25.7%9.5%36.9%7.2%0.5%229.4K-13.3M-16.3K0.0252.75N/AN/A780193,0451,422
2020-02-07$55.72$43.0019.4%6.3%25.8%8.8%32.4%7.9%0.7%240.3K-14.5M-17.3K0.0950.19N/AN/A317293,3491,430
2020-02-10$55.93$43.0019.8%6.4%25.8%9.6%27.8%7.3%0.5%274.3K-15.8M-15.4K0.1041.28N/AN/A133133,4951,416
2020-02-11$56.73$43.0018.6%6.2%25.8%6.7%24.5%6.7%1.1%284.2K-16.6M-14.8K0.1851.18N/AN/A102183,4891,420
2020-02-12$57.02$43.0021.3%6.1%25.8%13.2%23.3%5.3%0.7%274.8K-17.1M-13.5K0.0410.26N/AN/A17073,5171,436
2020-02-13$57.09$43.0021.7%6.2%25.7%14.1%24.0%6.0%-0.1%290.2K-17.5M-14.0K0.0357.13N/AN/A22983,5841,437
2020-02-14$57.56$43.0020.4%5.8%24.9%11.0%24.4%5.5%1.3%290.2K-18.3M-14.6K0.5444.93N/AN/A81443,6871,439
2020-02-18$57.03$43.0021.8%6.2%25.1%14.2%20.0%6.3%0.4%336.4K-17.8M-14.1K0.388.94N/AN/A123473,6961,427
2020-02-19$57.49$43.0021.5%6.2%25.2%13.6%26.8%6.0%0.8%326.6K-18.4M-14.0K0.127.02N/AN/A4153,7901,467
2020-02-20$57.48$43.0022.3%6.4%25.2%15.4%24.2%6.1%0.0%334.0K-18.3M-14.0K0.0755.53N/AN/A7353,7831,465
2020-02-21$56.53$43.0024.3%7.0%26.0%20.0%31.2%7.5%-0.6%304.2K-17.0M-16.3K0.2757.07N/AN/A215583,8791,468
2020-02-24$53.55$43.0029.3%8.4%31.3%31.7%30.9%9.1%-0.3%291.6K-11.0M-16.8K0.1366.51N/AN/A436573,271591
2020-02-25$49.89$43.0038.6%11.1%39.5%53.1%35.1%11.5%-6.2%302.1K-6.8M-17.7K0.1859.11N/AN/A5551013,356600
2020-02-26$49.12$43.0039.8%11.4%38.9%55.9%43.0%12.7%-7.2%292.5K-6.5M-19.7K0.0948.34N/AN/A483443,474647
2020-02-27$45.30$43.0052.7%15.1%47.3%85.8%50.3%23.6%-6.6%207.1K-2.7M-15.9K0.8561.50N/AN/A1831563,195625
2020-02-28$40.67$43.0069.4%19.9%58.3%100.0%63.4%8.1%-22.4%136.7K-748.0K-15.0K0.2776.11N/AN/A5661553,133729