UYG Options History — February 2021

In February 2021, UYG traded between $41.38 and $51.58. ATM implied volatility averaged 39.4%, placing in the 10.9% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded below realized volatility by 1.4% (HV 20d: 40.9%). Max pain ranged from $31.00 to $36.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 0.33.

Notable Days

2021-02-04: Highest Volume — 599 contracts
2021-02-25: Largest IV spike — 16.1% change
2021-02-01: Highest IV Rank — 16.9%
2021-02-01: Largest Expected Move — 13.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$46.73	$41.38	$51.58	$41.38	$48.73
Max Pain	$33.00	$31.00	$36.00	$36.00	$33.00
ATM IV	39.4%	34.3%	46.8%	46.8%	42.0%
Expected Move	11.5%	10.8%	13.4%	13.4%	12.0%
HV 20d	40.9%	34.3%	44.3%	42.8%	34.3%
HV 60d	36.0%	31.9%	44.9%	44.3%	33.1%
IV Rank	10.9%	7.6%	16.9%	16.9%	9.2%
IV Percentile	15.8%	5.2%	44.4%	44.4%	26.6%
Term Structure	1.8%	-1.2%	7.0%	-0.3%	-1.2%
VWIV	41.5%	34.6%	48.4%	43.2%	45.6%
Skew 25d	3.5%	0.6%	7.3%	7.3%	5.6%
Skew 10d	7.3%	-1.4%	12.4%	1.2%	10.2%
Call IV 25d	39.9%	32.9%	50.1%	42.5%	42.5%
Put IV 25d	43.4%	39.8%	50.7%	49.8%	48.1%
Bid-Ask Spread %	70.45	39.72	98.35	80.00	87.77
Gamma HHI	0.17	0.11	0.27	0.13	0.22
Net GEX	148.9K	102.5K	199.2K	102.5K	139.0K
Net DEX	-8.8M	-11.2M	-4.7M	-4.7M	-9.4M
Net VEX	-14.1K	-15.9K	-12.5K	-14.3K	-13.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.33	0.02	0.81	0.12	0.50
Total Volume	138.421	37	599	37	72
Total OI	3,355.368	3,028	3,692	3,028	3,172

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
2021-02-01	$41.38	$36.00	46.8%	13.4%	42.8%	16.9%	43.2%	7.3%	-0.3%	102.5K	-4.7M	-14.3K	0.12	80.00	N/A	N/A	33	4	2,459	569
2021-02-02	$43.18	$36.00	40.0%	11.5%	44.3%	12.8%	40.6%	5.4%	1.5%	104.0K	-5.7M	-14.2K	0.08	83.98	N/A	N/A	65	5	2,466	572
2021-02-03	$43.28	$36.00	37.7%	10.8%	44.3%	11.4%	39.1%	6.9%	3.1%	103.9K	-6.0M	-13.8K	0.11	72.13	N/A	N/A	37	4	2,482	572
2021-02-04	$44.74	$31.00	35.3%	11.2%	42.4%	10.0%	46.3%	4.3%	2.7%	112.4K	-6.9M	-13.5K	0.09	84.79	N/A	N/A	550	49	2,484	570
2021-02-05	$45.17	$31.00	34.3%	11.0%	41.5%	9.4%	41.5%	2.5%	7.0%	132.7K	-8.0M	-14.7K	0.02	56.87	N/A	N/A	376	9	2,706	571
2021-02-08	$45.66	$31.00	35.1%	11.3%	41.6%	9.9%	42.0%	3.1%	2.6%	167.1K	-8.6M	-15.4K	0.35	74.97	N/A	N/A	86	30	2,927	570
2021-02-09	$46.04	$31.00	34.9%	10.9%	41.6%	9.8%	41.1%	2.9%	2.8%	174.2K	-8.9M	-14.9K	0.81	42.16	N/A	N/A	172	140	2,934	573
2021-02-10	$46.04	$32.00	40.5%	11.6%	41.4%	13.1%	43.4%	3.9%	1.5%	170.0K	-9.1M	-15.2K	0.52	41.21	N/A	N/A	128	66	3,003	616
2021-02-11	$46.11	$33.00	39.0%	11.2%	41.4%	11.3%	42.2%	4.2%	2.5%	167.0K	-9.0M	-15.9K	0.38	72.06	N/A	N/A	42	16	3,024	654
2021-02-12	$46.61	$33.00	38.7%	11.1%	41.6%	11.0%	40.7%	2.8%	1.8%	175.7K	-9.4M	-15.1K	0.02	75.54	N/A	N/A	45	1	3,029	663
2021-02-16	$47.68	$33.00	39.6%	11.4%	41.0%	11.6%	39.9%	2.3%	1.8%	188.2K	-10.2M	-14.6K	0.65	46.50	N/A	N/A	48	31	3,007	662
2021-02-17	$47.64	$33.00	39.6%	11.4%	41.0%	11.0%	40.0%	1.4%	3.3%	175.7K	-10.1M	-14.1K	0.22	62.28	N/A	N/A	36	8	2,993	689
2021-02-18	$47.50	$33.00	40.7%	11.7%	41.0%	11.7%	34.6%	2.0%	-0.1%	199.2K	-9.8M	-13.7K	0.19	39.72	N/A	N/A	57	11	2,959	689
2021-02-19	$48.12	$33.00	38.2%	11.0%	40.6%	9.8%	38.5%	0.8%	2.0%	119.6K	-10.3M	-13.6K	0.09	58.05	N/A	N/A	67	6	2,941	685
2021-02-22	$48.94	$33.00	41.6%	11.9%	40.2%	10.7%	43.9%	3.9%	0.7%	152.0K	-9.8M	-12.8K	0.26	75.61	N/A	N/A	93	24	2,699	379
2021-02-23	$49.76	$33.00	39.6%	11.3%	39.7%	7.6%	36.2%	2.6%	0.9%	151.3K	-10.4M	-12.5K	0.79	98.35	N/A	N/A	48	38	2,746	387
2021-02-24	$51.58	$33.00	39.6%	11.4%	40.8%	7.7%	40.9%	3.8%	1.3%	149.6K	-11.2M	-12.7K	0.24	93.25	N/A	N/A	118	28	2,750	415
2021-02-25	$49.63	$33.00	46.0%	13.2%	34.9%	11.7%	48.4%	0.6%	-0.2%	145.8K	-10.1M	-13.7K	0.74	93.28	N/A	N/A	50	37	2,717	418
2021-02-26	$48.73	$33.00	42.0%	12.0%	34.3%	9.2%	45.6%	5.6%	-1.2%	139.0K	-9.4M	-13.5K	0.50	87.77	N/A	N/A	48	24	2,724	448