UYG Options History — July 2021

In July 2021, UYG traded between $58.22 and $63.97. ATM implied volatility averaged 34.4%, placing in the 15.6% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded below realized volatility by 3.1% (HV 20d: 37.5%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.64.

Notable Days

  • 2021-07-09: Highest Volume — 647 contracts
  • 2021-07-08: Largest IV spike — 29.0% change
  • 2021-07-19: Highest IV Rank — 34.4%
  • 2021-07-19: Largest Expected Move — 11.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$62.38$58.22$63.97$62.76$63.26
Max Pain$58.67$55.00$60.00$55.00$59.00
ATM IV34.4%26.3%41.9%28.1%33.0%
Expected Move9.5%7.5%11.7%8.1%9.5%
HV 20d37.5%27.8%43.8%27.9%42.5%
HV 60d31.0%26.7%34.2%26.7%33.7%
IV Rank15.6%0.0%34.4%1.2%15.9%
IV Percentile25.1%0.0%59.5%0.8%19.8%
Term Structure0.3%-2.4%2.9%2.6%0.6%
VWIV33.6%25.6%45.6%27.2%32.3%
Skew 25d6.5%3.3%9.4%3.7%6.4%
Skew 10d14.4%5.8%20.8%8.5%13.3%
Call IV 25d31.0%25.3%38.0%27.3%31.6%
Put IV 25d37.5%28.6%47.4%31.0%38.0%
Bid-Ask Spread %27.5220.4245.4033.3426.09
Gamma HHI0.200.090.590.240.11
Net GEX372.7K121.4K881.7K520.4K210.1K
Net DEX-9.8M-16.1M-2.9M-15.6M-6.4M
Net VEX-17.7K-19.8K-15.4K-18.0K-18.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.047.360.120.06
Total Volume203.7141764719017
Total OI3,861.2862,4094,9224,5163,110

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$62.76$55.0028.1%8.1%27.9%1.2%27.2%3.7%2.6%520.4K-15.6M-18.0K0.1233.34N/AN/A170203,792724
2021-07-02$62.74$55.0026.3%7.5%27.8%0.0%25.6%3.3%2.9%556.0K-15.5M-17.9K7.3644.46N/AN/A11813,854734
2021-07-06$61.68$60.0031.9%8.9%28.2%7.5%30.7%6.2%1.9%511.7K-13.8M-17.0K0.2426.70N/AN/A72173,842814
2021-07-07$62.02$60.0032.5%8.9%28.3%8.3%31.3%6.7%2.6%544.2K-13.8M-17.2K0.4825.05N/AN/A118573,825823
2021-07-08$59.67$60.0041.9%10.0%30.9%21.0%36.3%7.1%-2.4%487.9K-10.1M-18.1K0.0733.43N/AN/A257173,780878
2021-07-09$62.76$60.0035.4%9.3%36.2%12.3%35.5%7.0%-0.8%553.3K-14.3M-16.5K0.4426.72N/AN/A4481993,721890
2021-07-12$63.83$59.0041.0%9.2%36.8%19.9%34.8%5.5%0.2%586.7K-16.1M-15.7K0.2029.45N/AN/A254513,790946
2021-07-13$62.85$59.0041.5%9.5%36.9%20.6%34.1%6.8%-1.7%577.4K-13.8M-16.0K0.0827.80N/AN/A295243,719960
2021-07-14$62.66$59.0032.6%9.4%36.8%11.2%32.9%5.5%-0.4%598.7K-13.0M-15.4K0.1120.95N/AN/A334383,807977
2021-07-15$63.17$59.0032.1%9.2%36.8%13.6%31.7%6.3%-0.4%881.7K-13.5M-16.3K0.0823.23N/AN/A407343,929993
2021-07-16$61.93$58.0033.0%9.5%34.7%15.7%33.8%6.6%1.8%307.4K-10.8M-16.6K0.1125.64N/AN/A291323,8221,011
2021-07-19$58.22$58.0040.9%11.7%39.2%34.4%45.6%9.4%-1.7%121.4K-2.9M-16.7K2.2221.80N/AN/A1403111,811598
2021-07-20$61.65$58.0035.5%10.2%42.8%21.7%35.6%6.5%0.6%129.3K-4.7M-19.3K0.2922.90N/AN/A85251,871900
2021-07-21$62.99$59.0034.0%9.8%43.4%18.2%31.9%6.7%-1.2%148.0K-5.7M-19.6K0.0428.58N/AN/A18171,930944
2021-07-22$61.97$59.0033.9%9.7%43.8%17.8%33.6%7.3%1.9%154.5K-5.1M-19.8K0.3122.92N/AN/A1652,073949
2021-07-23$62.61$59.0032.8%9.4%43.8%15.4%36.5%7.1%-0.1%165.2K-5.6M-19.1K0.0520.42N/AN/A7942,063953
2021-07-26$62.99$59.0033.6%9.6%43.2%17.3%33.0%7.8%-0.4%180.7K-5.8M-19.0K0.1524.47N/AN/A65102,063953
2021-07-27$63.08$59.0036.6%10.5%42.4%24.3%37.7%7.8%-2.1%175.1K-6.0M-18.7K0.5522.61N/AN/A22122,083955
2021-07-28$63.11$59.0034.0%9.8%42.4%18.2%33.3%6.5%-0.1%197.2K-6.2M-18.6K0.2445.40N/AN/A1742,140961
2021-07-29$63.97$59.0031.5%9.0%42.7%12.3%32.1%6.5%1.6%219.8K-6.9M-17.9K0.3126.03N/AN/A39122,138961
2021-07-30$63.26$59.0033.0%9.5%42.5%15.9%32.3%6.4%0.6%210.1K-6.4M-18.0K0.0626.09N/AN/A1612,149961