UYG Options History — April 2020

In April 2020, UYG traded between $20.52 and $29.60. ATM implied volatility averaged 81.4%, placing in the 37.9% IV rank vs the trailing year. The 30-day expected move averaged 22.4%. IV traded below realized volatility by 78.4% (HV 20d: 159.8%). Max pain ranged from $13.00 to $35.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.35.

Notable Days

  • 2020-04-16: Highest Volume — 603 contracts
  • 2020-04-21: Largest IV spike — 37.2% change
  • 2020-04-01: Highest IV Rank — 56.1%
  • 2020-04-01: Largest Expected Move — 32.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.66$20.52$29.60$20.65$27.97
Max Pain$20.52$13.00$35.00$35.00$24.00
ATM IV81.4%62.8%111.9%111.9%64.8%
Expected Move22.4%18.0%32.1%32.1%18.6%
HV 20d159.8%102.5%206.7%203.8%102.5%
HV 60d135.9%126.9%140.7%126.9%140.7%
IV Rank37.9%26.9%56.1%56.1%28.1%
IV Percentile89.7%84.5%94.8%94.8%84.5%
Term Structure-3.1%-26.2%8.8%-10.1%-6.3%
VWIV74.3%46.9%97.3%96.3%55.8%
Skew 25d19.9%-60.1%44.0%18.1%18.1%
Skew 10d44.6%-57.8%80.3%62.1%34.1%
Call IV 25d71.9%45.3%113.3%97.4%53.3%
Put IV 25d91.8%53.2%127.3%115.5%71.3%
Bid-Ask Spread %75.6449.80128.6182.6490.59
Gamma HHI0.250.180.370.350.32
Net GEX44.3K-10.4K134.6K-10.4K97.9K
Net DEX122.6K-1.4M1.2M1.2M-410.6K
Net VEX-7.2K-9.6K-3.4K-3.5K-7.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.350.001.810.010.27
Total Volume206.81360346956
Total OI4,357.3333,2145,6043,2144,433

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$20.65$35.00111.9%32.1%203.8%56.1%96.3%18.1%-10.1%-10.4K1.2M-3.5K0.0182.64N/AN/A46542,1081,106
2020-04-02$21.44$20.00103.2%24.2%204.8%50.9%68.2%30.4%8.8%-3.9K1.2M-3.4K1.1650.53N/AN/A1822112,5561,109
2020-04-03$20.52$20.0093.9%26.3%204.7%45.3%66.7%30.9%1.9%-6.6K1.2M-4.2K1.8181.46N/AN/A42762,7351,236
2020-04-06$23.87$20.0091.9%22.1%206.7%44.2%66.2%27.0%-7.1%6.8K875.4K-4.7K0.4152.30N/AN/A209852,7751,203
2020-04-07$25.23$13.00106.3%21.1%206.2%52.7%88.3%18.9%-13.8%22.9K190.4K-7.1K0.0487.23N/AN/A5723,0141,247
2020-04-08$26.67$13.0083.9%24.1%205.5%39.4%66.9%44.0%-2.0%34.3K216.4K-7.0K0.0960.41N/AN/A194183,0451,246
2020-04-09$29.60$13.0072.4%20.8%195.1%32.6%85.0%25.3%-4.6%53.9K-813.4K-8.7K0.5649.80N/AN/A168943,1601,245
2020-04-13$27.56$21.0082.6%23.7%192.4%38.7%85.4%26.5%-11.8%42.5K-335.2K-7.8K0.1063.86N/AN/A459483,2661,306
2020-04-14$27.98$21.0072.5%20.8%174.1%32.7%77.1%15.5%-5.3%63.9K-493.8K-9.5K0.1060.45N/AN/A241253,6111,343
2020-04-15$25.62$21.0077.6%22.2%177.2%35.7%71.9%21.0%-2.7%41.2K340.1K-7.0K0.0360.16N/AN/A331113,7931,337
2020-04-16$24.60$21.0084.3%24.2%153.9%39.7%97.3%28.0%-5.0%29.7K429.3K-6.8K0.0378.01N/AN/A588154,0551,341
2020-04-17$26.93$21.0078.3%22.5%151.7%36.1%75.0%16.4%3.5%53.0K-199.4K-8.9K1.3272.99N/AN/A40534,2621,342
2020-04-20$25.60$21.0066.8%19.1%149.2%29.2%89.5%30.2%7.0%45.4K-151.0K-8.6K0.11103.79N/AN/A5363,121870
2020-04-21$24.44$21.0091.6%26.3%138.8%44.0%89.9%23.5%-4.4%35.1K337.0K-7.0K0.7064.16N/AN/A1073,173876
2020-04-22$25.15$21.0083.8%24.0%121.6%39.4%68.1%19.7%-0.4%41.5K123.1K-8.6K0.0074.11N/AN/A20403,183882
2020-04-23$25.00$21.0078.9%22.6%112.5%36.4%64.0%24.9%-11.3%40.6K262.1K-8.3K0.0077.57N/AN/A303,363882
2020-04-24$25.45$21.0065.8%18.9%111.9%28.7%87.1%18.1%8.1%43.3K308.4K-7.5K0.3377.43N/AN/A313,364882
2020-04-27$27.20$21.0062.8%18.0%114.3%26.9%61.3%15.0%7.8%71.2K-20.2K-8.2K0.0476.25N/AN/A20993,365881
2020-04-28$27.77$21.0065.6%18.8%114.3%28.5%52.4%26.1%-26.2%93.0K-316.5K-7.5K0.0696.12N/AN/A8253,474886
2020-04-29$29.56$21.0070.6%20.2%113.9%31.5%46.9%-60.1%8.1%134.6K-1.4M-9.6K0.18128.61N/AN/A65123,541887
2020-04-30$27.97$24.0064.8%18.6%102.5%28.1%55.8%18.1%-6.3%97.9K-410.6K-7.8K0.2790.59N/AN/A44123,541892