UYG Options History — May 2020

In May 2020, UYG traded between $23.09 and $30.47. ATM implied volatility averaged 69.8%, placing in the 31.0% IV rank vs the trailing year. The 30-day expected move averaged 19.4%. IV traded below realized volatility by 14.7% (HV 20d: 84.4%). Max pain ranged from $24.00 to $40.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.48.

Notable Days

  • 2020-05-27: Highest Volume — 483 contracts
  • 2020-05-12: Largest IV spike — 55.3% change
  • 2020-05-04: Highest IV Rank — 48.0%
  • 2020-05-13: Largest Expected Move — 23.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.51$23.09$30.47$26.16$29.55
Max Pain$30.00$24.00$40.00$24.00$28.00
ATM IV69.8%53.6%98.3%79.3%62.3%
Expected Move19.4%15.4%23.5%22.7%17.9%
HV 20d84.4%71.1%106.1%106.1%81.1%
HV 60d142.9%141.0%145.6%141.0%142.6%
IV Rank31.0%21.4%48.0%36.7%26.6%
IV Percentile83.4%76.6%92.1%88.9%78.6%
Term Structure-3.7%-13.9%4.7%-6.4%1.1%
VWIV67.1%54.3%89.5%80.4%63.8%
Skew 25d19.1%11.3%47.4%16.7%24.7%
Skew 10d30.4%-5.3%78.6%36.1%27.5%
Call IV 25d58.9%45.6%73.5%68.8%45.6%
Put IV 25d78.0%61.7%120.1%85.6%70.3%
Bid-Ask Spread %69.3734.2594.3282.6189.84
Gamma HHI0.160.080.260.240.16
Net GEX34.0K12.5K71.6K60.3K32.1K
Net DEX-104.1K-1.5M581.1K145.7K-1.0M
Net VEX-6.2K-8.5K-4.7K-7.2K-7.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.004.134.130.30
Total Volume100.35154834170
Total OI4,270.853,5155,0484,5073,831

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-05-01$26.16$24.0079.3%22.7%106.1%36.7%80.4%16.7%-6.4%60.3K145.7K-7.2K4.1382.61N/AN/A8333,603904
2020-05-04$25.93$40.0098.3%21.5%104.5%48.0%67.8%26.1%-13.2%54.2K168.9K-7.1K0.0788.38N/AN/A1413,606917
2020-05-05$25.98$40.0073.5%20.5%90.6%33.2%73.1%19.0%-3.3%62.4K108.4K-6.6K0.4253.49N/AN/A3291393,614917
2020-05-06$25.11$35.0074.3%19.9%89.4%33.7%74.3%14.1%-4.3%39.7K107.2K-7.3K0.4191.46N/AN/A56233,847980
2020-05-07$26.09$35.0066.6%19.4%88.2%29.2%66.4%20.0%-3.6%44.9K100.8K-6.5K0.5483.05N/AN/A1373,8571,009
2020-05-08$27.19$35.0058.0%18.8%80.7%24.0%59.0%15.9%-3.3%71.6K-220.0K-6.4K0.2287.00N/AN/A2763,8631,010
2020-05-11$26.42$30.0062.2%19.2%77.4%26.5%69.8%14.9%-4.4%32.9K145.6K-5.9K0.1435.37N/AN/A5173,8841,004
2020-05-12$24.84$30.0096.5%19.7%79.9%46.9%66.4%21.5%-9.2%23.9K385.1K-5.2K0.3454.48N/AN/A29103,9181,001
2020-05-13$23.09$30.0082.0%23.5%78.0%38.3%89.5%47.4%-13.9%16.5K581.1K-5.1K0.6678.17N/AN/A29193,9261,002
2020-05-14$24.17$30.0080.1%23.0%78.8%37.2%79.6%23.4%-8.6%12.5K545.4K-4.7K0.1982.46N/AN/A118233,9461,003
2020-05-15$23.86$30.0071.5%20.5%71.1%32.0%72.1%15.3%-3.0%15.5K524.8K-5.2K0.5667.55N/AN/A88494,0271,021
2020-05-18$26.94$30.0063.0%18.1%82.1%27.0%62.3%17.4%-0.9%19.1K76.7K-5.6K0.4534.25N/AN/A65292,599916
2020-05-19$25.87$30.0061.7%17.7%81.7%26.2%63.8%15.4%1.1%21.1K131.7K-5.6K0.1550.71N/AN/A72112,638903
2020-05-20$26.66$25.0055.1%15.8%81.8%22.3%58.2%13.0%2.5%26.4K-193.2K-5.7K0.0870.84N/AN/A3632,698833
2020-05-21$26.44$25.0062.7%18.0%81.8%26.8%59.2%13.5%-0.3%25.3K-171.5K-5.7K0.2773.12N/AN/A1542,710832
2020-05-22$26.43$25.0056.7%16.3%81.6%23.2%54.3%11.3%2.4%27.2K-142.8K-5.4K0.1141.79N/AN/A4552,725836
2020-05-26$28.90$25.0053.6%15.4%84.4%21.4%55.6%13.8%4.7%30.5K-710.6K-5.9K0.1839.17N/AN/A55102,742823
2020-05-27$30.47$25.0074.9%21.5%86.0%34.0%66.0%23.9%-5.0%29.5K-1.2M-7.2K0.3294.32N/AN/A3661172,813824
2020-05-28$30.14$28.0063.3%18.2%83.4%27.2%60.2%14.4%-7.1%34.8K-1.5M-8.5K0.0089.32N/AN/A2502,924911
2020-05-29$29.55$28.0062.3%17.9%81.1%26.6%63.8%24.7%1.1%32.1K-1.0M-7.4K0.3089.84N/AN/A54162,920911