UYG Options History — May 2021

In May 2021, UYG traded between $59.45 and $63.85. ATM implied volatility averaged 33.2%, placing in the 7.9% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 4.9% (HV 20d: 28.3%). Max pain ranged from $44.00 to $44.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.13.

Notable Days

  • 2021-05-05: Highest Volume — 3,381 contracts
  • 2021-05-19: Largest IV spike — 15.9% change
  • 2021-05-12: Highest IV Rank — 17.9%
  • 2021-05-12: Largest Expected Move — 11.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$62.21$59.45$63.85$60.92$63.85
Max Pain$44.00$44.00$44.00$44.00$44.00
ATM IV33.2%27.2%40.5%30.0%27.2%
Expected Move9.6%7.8%11.6%8.6%7.8%
HV 20d28.3%21.5%32.4%21.5%30.3%
HV 60d28.9%27.2%31.1%27.4%27.2%
IV Rank7.9%0.0%17.9%3.5%0.0%
IV Percentile9.4%0.0%32.1%2.4%0.0%
Term Structure1.6%-1.8%4.0%2.8%4.0%
VWIV37.9%27.2%48.3%31.9%28.6%
Skew 25d6.1%3.6%9.6%3.6%3.7%
Skew 10d15.3%8.6%23.4%8.6%10.7%
Call IV 25d32.2%27.0%38.5%30.4%27.0%
Put IV 25d38.3%30.6%48.2%34.0%30.6%
Bid-Ask Spread %73.9341.1093.5141.1084.87
Gamma HHI0.210.140.300.140.21
Net GEX412.0K161.0K656.1K161.0K181.5K
Net DEX-33.1M-39.2M-26.6M-27.2M-29.2M
Net VEX-21.9K-32.9K-12.1K-12.1K-12.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.130.010.590.100.59
Total Volume520703,38118370
Total OI7,213.855,5188,3975,7575,518

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$60.92$44.0030.0%8.6%21.5%3.5%31.9%3.6%2.8%161.0K-27.2M-12.1K0.1041.10N/AN/A166174,956801
2021-05-04$60.73$44.0033.5%9.6%21.6%8.3%32.2%4.9%1.7%180.8K-26.6M-13.1K0.0143.16N/AN/A2,537154,959817
2021-05-05$61.30$44.0032.1%9.2%21.6%6.4%32.3%3.7%3.0%278.5K-30.3M-19.2K0.0178.98N/AN/A3,333485,674816
2021-05-06$62.40$44.0031.4%10.3%22.0%5.4%43.3%7.7%-0.2%552.7K-35.8M-29.7K0.2178.76N/AN/A5851227,069826
2021-05-07$63.44$44.0029.1%9.1%22.3%2.3%43.3%6.6%2.2%597.9K-38.5M-28.6K0.2485.49N/AN/A319767,258877
2021-05-10$63.59$44.0033.1%9.4%22.2%7.8%41.0%6.6%1.4%582.0K-39.1M-26.2K0.0683.81N/AN/A350207,278904
2021-05-11$61.18$44.0037.7%10.6%26.8%14.0%45.0%7.5%-0.9%578.4K-34.9M-29.8K0.1071.66N/AN/A300317,335912
2021-05-12$59.45$44.0040.5%11.6%29.2%17.9%48.3%9.6%-1.8%555.2K-31.4M-32.9K0.0453.71N/AN/A20597,302936
2021-05-13$61.73$44.0039.0%11.2%31.7%15.8%47.9%8.7%0.0%583.5K-35.0M-31.0K0.0954.12N/AN/A372347,297938
2021-05-14$63.01$44.0033.3%9.6%32.1%8.0%37.9%5.2%2.3%600.2K-39.2M-21.3K0.2864.39N/AN/A213607,315927
2021-05-17$63.12$44.0034.4%9.9%31.8%9.5%34.7%6.6%1.1%656.1K-37.9M-27.3K0.0883.76N/AN/A190157,403972
2021-05-18$62.52$44.0033.7%9.7%30.6%8.6%43.7%6.8%2.2%645.7K-36.7M-27.2K0.1670.30N/AN/A206327,416981
2021-05-19$60.70$44.0039.1%11.2%32.2%15.9%42.6%7.5%-0.1%477.2K-34.1M-24.8K0.0267.26N/AN/A17937,336972
2021-05-20$61.99$44.0036.7%10.5%32.4%12.7%41.2%6.5%-1.2%371.7K-36.1M-20.9K0.0580.14N/AN/A13477,222969
2021-05-21$62.48$44.0035.1%10.1%31.1%10.5%36.4%6.0%0.6%241.1K-37.3M-16.4K0.2174.89N/AN/A301647,193970
2021-05-24$63.47$44.0030.2%8.6%31.4%3.7%35.9%6.7%3.3%292.1K-27.8M-19.9K0.1089.94N/AN/A8285,052469
2021-05-25$62.52$44.0030.1%8.6%32.0%3.6%35.5%5.5%3.6%245.0K-28.1M-15.6K0.1393.51N/AN/A92125,052467
2021-05-26$62.62$44.0029.1%8.3%31.9%2.2%28.6%4.4%3.4%240.9K-28.3M-14.8K0.0392.44N/AN/A7025,062478
2021-05-27$63.24$44.0028.3%8.1%30.9%1.2%27.2%4.5%4.0%218.1K-28.8M-14.1K0.0986.37N/AN/A111105,068480
2021-05-28$63.85$44.0027.2%7.8%30.3%0.0%28.6%3.7%4.0%181.5K-29.2M-12.6K0.5984.87N/AN/A44265,030488