UYG Options History — January 2021

In January 2021, UYG traded between $40.13 and $45.12. ATM implied volatility averaged 43.1%, placing in the 14.9% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 13.3% (HV 20d: 29.8%). Max pain ranged from $35.00 to $42.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.22.

Notable Days

2021-01-12: Highest Volume — 783 contracts
2021-01-08: Largest IV spike — 60.0% change
2021-01-27: Highest IV Rank — 25.0%
2021-01-27: Largest Expected Move — 17.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$43.28	$40.13	$45.12	$41.08	$40.24
Max Pain	$36.00	$35.00	$42.00	$39.00	$36.00
ATM IV	43.1%	27.5%	60.3%	52.2%	51.9%
Expected Move	12.1%	10.6%	17.3%	12.4%	14.9%
HV 20d	29.8%	23.9%	42.0%	25.8%	42.0%
HV 60d	45.2%	42.0%	46.7%	45.8%	45.1%
IV Rank	14.9%	5.9%	25.0%	20.6%	19.9%
IV Percentile	31.2%	9.9%	65.1%	56.7%	56.0%
Term Structure	0.1%	-4.1%	2.7%	-1.8%	-3.0%
VWIV	41.9%	36.8%	49.6%	45.9%	46.8%
Skew 25d	3.0%	-1.4%	10.3%	5.9%	10.3%
Skew 10d	3.1%	-16.2%	14.9%	13.4%	-10.7%
Call IV 25d	41.2%	35.6%	50.1%	41.3%	45.1%
Put IV 25d	44.2%	39.0%	55.6%	47.2%	55.3%
Bid-Ask Spread %	55.50	39.29	91.98	39.29	89.26
Gamma HHI	0.22	0.12	0.67	0.19	0.14
Net GEX	156.2K	90.6K	481.2K	115.2K	96.7K
Net DEX	-6.0M	-8.3M	-4.1M	-4.8M	-4.2M
Net VEX	-12.3K	-15.5K	-8.7K	-9.8K	-14.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.22	0.02	0.58	0.58	0.06
Total Volume	212.789	12	783	101	18
Total OI	2,911.789	2,648	3,412	2,666	3,024

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2021-01-04	$41.08	$39.00	52.2%	12.4%	25.8%	20.6%	45.9%	5.9%	-1.8%	115.2K	-4.8M	-9.8K	0.58	39.29	N/A	N/A	64	37	2,144	522
2021-01-05	$41.21	$38.00	49.6%	12.3%	23.9%	19.0%	40.9%	5.2%	-1.6%	106.1K	-4.7M	-9.7K	0.09	46.65	N/A	N/A	11	1	2,099	549
2021-01-06	$43.31	$38.00	41.9%	12.0%	28.7%	14.5%	41.6%	3.5%	1.0%	160.8K	-6.0M	-9.7K	0.29	52.90	N/A	N/A	108	31	2,101	549
2021-01-07	$44.47	$42.00	27.5%	10.6%	29.8%	5.9%	49.6%	3.4%	2.7%	187.7K	-6.8M	-8.7K	0.24	85.12	N/A	N/A	270	64	2,110	559
2021-01-08	$44.42	$35.00	43.9%	11.6%	29.5%	15.7%	40.6%	1.6%	0.2%	177.8K	-6.8M	-9.0K	0.02	55.65	N/A	N/A	604	14	2,135	588
2021-01-11	$44.26	$35.00	43.7%	12.3%	29.6%	15.5%	44.2%	0.9%	-0.4%	186.0K	-6.7M	-9.7K	0.30	42.94	N/A	N/A	387	117	2,226	597
2021-01-12	$44.83	$35.00	47.4%	11.8%	28.6%	17.7%	41.1%	0.6%	-0.8%	212.5K	-7.6M	-11.5K	0.11	45.73	N/A	N/A	707	76	2,426	675
2021-01-13	$44.98	$35.00	39.4%	11.3%	27.8%	13.0%	40.7%	1.0%	1.0%	250.2K	-8.3M	-12.4K	0.21	46.78	N/A	N/A	302	62	2,658	708
2021-01-14	$45.12	$35.00	40.9%	11.7%	26.7%	13.9%	40.1%	-1.4%	0.2%	229.5K	-7.8M	-12.9K	0.13	49.12	N/A	N/A	278	35	2,563	753
2021-01-15	$44.03	$35.00	39.6%	11.3%	28.8%	13.1%	39.3%	3.7%	0.9%	481.2K	-6.7M	-14.1K	0.08	50.96	N/A	N/A	242	19	2,648	764
2021-01-19	$44.33	$35.00	38.1%	10.9%	28.8%	12.2%	36.8%	1.9%	1.4%	90.6K	-6.1M	-14.0K	0.19	46.27	N/A	N/A	57	11	2,203	545
2021-01-20	$44.76	$35.00	37.4%	10.7%	26.7%	11.2%	37.6%	2.8%	1.8%	92.5K	-6.3M	-13.5K	0.52	47.35	N/A	N/A	31	16	2,224	548
2021-01-21	$44.08	$35.00	36.8%	10.6%	27.7%	10.9%	37.8%	2.3%	1.6%	95.6K	-6.0M	-13.7K	0.15	40.32	N/A	N/A	79	12	2,253	546
2021-01-22	$43.49	$35.00	37.8%	10.8%	28.2%	11.5%	38.0%	2.7%	2.6%	98.3K	-5.8M	-13.7K	0.09	44.14	N/A	N/A	23	2	2,321	556
2021-01-25	$42.90	$35.00	42.6%	12.2%	28.3%	14.4%	43.0%	2.1%	0.3%	97.5K	-5.5M	-14.0K	0.57	49.61	N/A	N/A	69	39	2,327	556
2021-01-26	$42.85	$35.00	41.8%	12.0%	28.3%	13.9%	44.0%	-0.0%	0.8%	97.1K	-5.5M	-13.7K	0.27	53.43	N/A	N/A	11	3	2,350	566
2021-01-27	$40.13	$35.00	60.3%	17.3%	36.7%	25.0%	40.7%	5.5%	-4.1%	92.0K	-4.1M	-14.3K	0.05	91.98	N/A	N/A	194	10	2,356	567
2021-01-28	$41.86	$36.00	45.6%	13.1%	39.7%	16.2%	46.7%	5.8%	-0.9%	99.5K	-5.0M	-15.5K	0.26	76.98	N/A	N/A	31	8	2,436	572
2021-01-29	$40.24	$36.00	51.9%	14.9%	42.0%	19.9%	46.8%	10.3%	-3.0%	96.7K	-4.2M	-14.8K	0.06	89.26	N/A	N/A	17	1	2,454	570