UYG Options History — July 2020

In July 2020, UYG traded between $27.87 and $31.87. ATM implied volatility averaged 56.5%, placing in the 23.1% IV rank vs the trailing year. The 30-day expected move averaged 14.8%. IV traded above realized volatility by 3.4% (HV 20d: 53.1%). Max pain ranged from $18.00 to $28.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 3.39.

Notable Days

  • 2020-07-15: Highest Volume — 1,694 contracts
  • 2020-07-15: Largest IV drop — 36.4% change
  • 2020-07-13: Highest IV Rank — 49.3%
  • 2020-07-13: Largest Expected Move — 18.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.08$27.87$31.87$29.20$30.70
Max Pain$23.00$18.00$28.00$28.00$23.00
ATM IV56.5%39.4%100.5%60.6%39.5%
Expected Move14.8%11.3%18.5%17.4%11.3%
HV 20d53.1%34.6%80.3%80.3%36.7%
HV 60d74.4%68.2%83.3%83.3%68.4%
IV Rank23.1%13.0%49.3%25.6%13.0%
IV Percentile67.0%55.6%92.5%70.2%55.6%
Term Structure0.7%-6.8%9.1%-2.4%5.5%
VWIV54.2%36.6%77.2%52.6%50.1%
Skew 25d8.8%-10.7%29.3%8.9%9.0%
Skew 10d15.5%-17.4%31.0%19.5%14.2%
Call IV 25d49.1%35.9%62.5%56.6%35.9%
Put IV 25d57.9%43.0%73.2%65.5%44.9%
Bid-Ask Spread %65.3545.8693.3093.3075.01
Gamma HHI0.140.100.320.110.13
Net GEX57.3K31.2K159.0K46.8K51.6K
Net DEX-2.0M-2.7M-1.3M-1.7M-2.0M
Net VEX-7.3K-8.6K-6.2K-7.1K-6.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.390.0046.000.000.00
Total Volume233.31891,6941212
Total OI3,942.9093,2854,8603,2853,968

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$29.20$28.0060.6%17.4%80.3%25.6%0.0%8.9%-2.4%46.8K-1.7M-7.1K0.0093.30N/AN/A1202,754531
2020-07-02$29.13$28.0054.1%15.5%80.1%21.7%52.6%7.9%-0.5%46.0K-1.7M-6.7K0.0081.55N/AN/A2502,757530
2020-07-06$29.76$18.0057.0%17.3%75.2%23.5%63.4%7.4%-2.2%53.7K-1.9M-6.9K0.3950.65N/AN/A6372472,755530
2020-07-07$28.61$18.0065.2%16.6%74.2%28.3%68.0%10.5%-2.4%41.6K-1.5M-6.2K8.1451.80N/AN/A373012,761530
2020-07-08$28.90$23.0069.5%16.9%74.6%30.8%77.2%10.3%-1.6%37.0K-1.5M-7.0K0.1249.72N/AN/A295352,786830
2020-07-09$27.87$23.0073.3%18.2%72.6%33.1%73.2%11.8%-6.8%31.2K-1.3M-7.4K15.4668.12N/AN/A132012,908832
2020-07-10$29.19$23.0085.3%17.0%51.4%40.3%61.9%9.9%-1.9%37.7K-1.5M-8.0K0.5053.63N/AN/A169842,9001,033
2020-07-13$29.19$23.00100.5%18.5%49.7%49.3%66.1%6.5%-4.6%39.5K-1.8M-8.5K0.0859.69N/AN/A653503,0441,101
2020-07-14$29.47$23.0083.1%17.0%49.3%39.0%57.8%9.7%-1.0%86.8K-2.0M-8.4K0.5651.19N/AN/A61343,6081,131
2020-07-15$30.75$23.0052.8%15.1%50.0%21.0%55.2%8.9%1.3%159.0K-2.7M-8.6K0.2359.50N/AN/A1,3793153,6221,128
2020-07-16$30.38$23.0053.1%15.2%50.0%21.1%51.9%6.4%-0.5%132.5K-2.4M-8.0K0.0782.17N/AN/A5643,6791,146
2020-07-17$30.40$23.0048.4%13.9%49.9%18.3%54.2%29.3%0.9%67.8K-2.1M-8.1K0.0471.83N/AN/A5723,7151,145
2020-07-20$30.24$23.0049.5%14.2%49.7%19.0%47.2%5.9%0.4%36.6K-1.9M-7.1K0.6466.16N/AN/A42272,7121,005
2020-07-21$30.82$23.0049.3%14.1%50.1%18.9%49.6%10.3%-0.3%44.2K-2.2M-7.5K0.1870.51N/AN/A3972,7441,026
2020-07-22$31.10$23.0047.5%13.6%50.1%17.8%36.6%7.2%1.3%46.4K-2.2M-7.1K0.0466.35N/AN/A9942,8041,033
2020-07-23$31.07$23.0046.9%13.5%42.6%17.4%47.5%10.0%1.4%52.3K-2.3M-7.7K0.5067.63N/AN/A632,8681,035
2020-07-24$30.76$23.0042.4%12.2%41.8%14.7%51.5%10.1%3.1%50.6K-2.2M-7.5K0.8376.42N/AN/A58482,8651,036
2020-07-27$30.59$23.0042.1%12.1%34.8%14.6%41.6%6.3%3.7%44.8K-2.0M-6.8K0.0651.51N/AN/A1712,8791,084
2020-07-28$30.82$23.0041.8%12.0%34.7%14.4%39.8%9.0%6.4%47.4K-2.1M-6.8K0.0063.62N/AN/A2302,8891,085
2020-07-29$31.87$23.0039.4%11.3%34.6%13.0%38.1%-10.7%9.1%59.3K-2.5M-6.8K0.8381.50N/AN/A18152,8861,085
2020-07-30$30.99$23.0041.6%11.9%36.4%14.3%50.1%9.5%7.4%47.9K-2.1M-6.6K46.0045.86N/AN/A1462,8841,100
2020-07-31$30.70$23.0039.5%11.3%36.7%13.0%0.0%9.0%5.5%51.6K-2.0M-6.5K0.0075.01N/AN/A1202,8831,085