UYG Options History — November 2021

In November 2021, UYG traded between $65.08 and $72.74. ATM implied volatility averaged 34.4%, placing in the 25.1% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 8.3% (HV 20d: 26.1%). Max pain ranged from $50.00 to $65.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.70.

Notable Days

  • 2021-11-19: Highest Volume — 1,589 contracts
  • 2021-11-26: Largest IV spike — 29.0% change
  • 2021-11-30: Highest IV Rank — 61.2%
  • 2021-11-30: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$70.68$65.08$72.74$71.75$65.08
Max Pain$55.71$50.00$65.00$60.00$65.00
ATM IV34.4%29.6%46.8%30.5%46.8%
Expected Move10.0%8.5%13.4%8.7%13.4%
HV 20d26.1%21.0%32.5%26.5%32.5%
HV 60d27.7%26.8%31.2%26.8%31.2%
IV Rank25.1%10.7%61.2%11.2%61.2%
IV Percentile42.0%9.1%98.0%15.9%98.0%
Term Structure0.3%-5.0%3.7%2.0%-5.0%
VWIV38.2%32.5%50.1%32.8%48.6%
Skew 25d5.4%-4.9%12.8%4.8%12.8%
Skew 10d10.5%-18.8%21.8%9.9%7.3%
Call IV 25d33.0%27.8%43.6%29.0%42.0%
Put IV 25d38.5%32.0%54.8%33.8%54.8%
Bid-Ask Spread %51.9921.2475.2956.5658.65
Gamma HHI0.180.140.210.160.14
Net GEX224.6K153.8K357.7K236.4K171.4K
Net DEX-11.9M-15.9M-5.3M-13.1M-5.3M
Net VEX-18.0K-22.7K-12.8K-19.2K-20.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.171.330.820.57
Total Volume708.0954271,589563434
Total OI4,048.0953,4044,7154,0583,707

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-11-01$71.75$60.0030.5%8.7%26.5%11.2%32.8%4.8%2.0%236.4K-13.1M-19.2K0.8256.56N/AN/A3092542,7521,306
2021-11-02$72.01$60.0030.8%8.8%25.6%12.0%33.0%5.5%2.0%236.1K-13.4M-18.6K0.8449.16N/AN/A3162672,7551,311
2021-11-03$72.74$60.0029.6%8.5%25.6%10.7%32.5%-4.9%0.6%246.1K-13.8M-18.5K0.8942.87N/AN/A2972642,7351,319
2021-11-04$70.71$50.0032.1%9.7%27.8%18.7%38.3%5.7%2.3%208.8K-11.9M-18.5K0.8658.06N/AN/A3032612,7211,327
2021-11-05$71.64$50.0032.1%10.1%28.0%18.7%38.9%5.7%0.9%216.5K-12.8M-18.0K0.8667.98N/AN/A3062632,7021,337
2021-11-08$72.29$50.0031.1%10.0%27.1%15.9%39.3%4.4%1.2%246.7K-13.4M-16.2K0.7864.07N/AN/A3202482,7201,338
2021-11-09$71.33$50.0034.7%10.0%27.7%26.0%38.5%6.1%1.0%223.5K-12.5M-16.4K0.6368.84N/AN/A3552222,7141,343
2021-11-10$71.55$50.0034.9%10.0%27.5%26.6%40.0%5.5%1.1%213.8K-12.5M-15.6K0.8964.63N/AN/A3242882,6801,345
2021-11-11$71.79$50.0034.2%9.8%25.9%24.6%39.1%5.5%2.0%219.3K-12.7M-15.4K0.7975.29N/AN/A3662882,7021,413
2021-11-12$71.98$50.0033.5%9.6%24.0%22.8%37.5%5.0%0.9%237.3K-12.9M-14.6K0.8871.67N/AN/A3282882,7061,413
2021-11-15$72.16$50.0031.4%9.0%24.0%16.5%35.7%4.4%3.7%234.3K-13.0M-12.8K0.1739.63N/AN/A1,2842182,6761,413
2021-11-16$72.26$50.0031.4%9.0%23.6%16.7%34.2%4.8%2.6%357.7K-15.9M-16.0K0.3138.65N/AN/A8082493,1951,415
2021-11-17$70.72$50.0031.6%9.1%24.2%17.3%34.9%5.6%1.7%236.1K-13.9M-17.1K0.4970.37N/AN/A4972463,2221,443
2021-11-18$70.12$50.0031.7%9.1%24.4%17.4%34.1%5.4%0.9%225.9K-13.1M-17.5K0.5036.19N/AN/A4842443,2501,453
2021-11-19$68.43$50.0035.4%10.1%23.6%28.1%36.9%6.1%-1.2%153.8K-10.8M-18.6K0.9737.43N/AN/A8057843,2631,452
2021-11-22$69.76$65.0032.7%9.4%24.9%20.3%36.1%4.1%-0.1%205.0K-10.2M-20.0K1.3331.20N/AN/A4215582,446958
2021-11-23$70.90$65.0036.2%10.4%25.7%30.6%39.5%5.5%-1.6%225.1K-11.3M-20.5K0.6821.24N/AN/A3092102,563976
2021-11-24$71.62$65.0035.6%10.2%21.0%28.9%38.4%5.1%-2.2%227.8K-11.9M-20.2K0.4731.13N/AN/A3381602,5851,031
2021-11-26$67.55$65.0046.0%13.2%29.4%58.7%50.1%10.0%-3.6%191.8K-8.0M-22.7K0.6449.56N/AN/A2611662,6211,032
2021-11-29$67.84$65.0041.1%11.8%29.5%44.5%43.4%7.0%-3.3%202.2K-8.3M-20.7K0.4358.70N/AN/A3681592,6271,043
2021-11-30$65.08$65.0046.8%13.4%32.5%61.2%48.6%12.8%-5.0%171.4K-5.3M-20.6K0.5758.65N/AN/A2771572,6581,049