UYG Options History — February 2022

In February 2022, UYG traded between $60.24 and $69.92. ATM implied volatility averaged 41.3%, placing in the 48.4% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded above realized volatility by 3.1% (HV 20d: 38.2%). Max pain ranged from $50.90 to $61.90. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.55.

Notable Days

  • 2022-02-18: Highest Volume — 1,265 contracts
  • 2022-02-28: Largest IV spike — 21.0% change
  • 2022-02-28: Highest IV Rank — 81.5%
  • 2022-02-28: Largest Expected Move — 14.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$65.53$60.24$69.92$67.05$61.49
Max Pain$55.01$50.90$61.90$61.90$59.90
ATM IV41.3%34.3%51.9%36.3%51.9%
Expected Move11.9%9.8%14.9%10.4%14.9%
HV 20d38.2%35.7%44.5%39.7%44.5%
HV 60d39.0%37.6%40.6%37.6%40.6%
IV Rank48.4%26.8%81.5%33.1%81.5%
IV Percentile80.7%53.6%99.6%65.9%99.6%
Term Structure-0.3%-6.6%3.1%0.7%-4.0%
VWIV43.3%37.1%52.1%37.1%50.7%
Skew 25d12.7%8.9%27.1%9.8%13.9%
Skew 10d23.1%14.1%36.6%20.5%30.8%
Call IV 25d36.7%31.6%46.9%33.1%46.9%
Put IV 25d49.4%40.5%72.4%42.9%60.8%
Bid-Ask Spread %56.0629.6684.4444.5070.55
Gamma HHI0.150.110.220.160.15
Net GEX267.6K17.9K509.0K312.9K36.4K
Net DEX-4.3M-8.7M-38.7K-5.5M-944.9K
Net VEX-12.6K-15.2K-9.8K-14.6K-10.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.241.020.580.26
Total Volume760.6324971,265719660
Total OI2,726.4212,1453,4402,5562,265

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-02-01$67.05$61.9036.3%10.4%39.7%33.1%37.1%9.8%0.7%312.9K-5.5M-14.6K0.5844.50N/AN/A4542651,899657
2022-02-02$68.05$61.9034.3%9.8%37.1%26.8%37.6%8.9%0.7%352.8K-6.3M-15.0K0.6746.79N/AN/A3902601,926735
2022-02-03$66.31$50.9039.8%11.4%36.4%43.8%41.9%11.8%0.4%294.0K-5.0M-15.2K0.8544.17N/AN/A3062601,972735
2022-02-04$67.87$50.9036.3%10.5%36.9%32.9%40.8%10.4%2.0%365.0K-6.3M-14.7K0.7035.65N/AN/A2922051,970735
2022-02-07$67.31$50.9039.4%11.1%36.6%42.6%40.8%10.8%1.4%376.8K-6.0M-14.0K0.6729.66N/AN/A3292192,033736
2022-02-08$68.35$50.9034.5%10.6%36.4%27.5%40.3%11.1%2.0%446.3K-7.0M-13.9K0.6038.57N/AN/A3632192,067756
2022-02-09$69.92$50.9034.8%10.0%36.5%28.4%37.6%9.8%3.1%509.0K-8.7M-13.2K0.5344.05N/AN/A4342322,093756
2022-02-10$67.72$50.9038.5%11.0%38.0%39.9%38.3%10.4%1.5%449.5K-6.6M-13.7K0.4251.48N/AN/A5442312,147774
2022-02-11$65.80$50.9042.8%12.3%39.1%53.0%43.3%12.0%0.2%334.0K-4.8M-14.2K0.3755.59N/AN/A6232312,300775
2022-02-14$65.15$50.9044.9%12.9%38.8%59.7%43.7%15.3%-2.5%264.7K-3.9M-13.0K0.4050.63N/AN/A5812322,315776
2022-02-15$66.33$50.9040.7%11.7%37.0%46.7%41.3%12.1%0.5%395.6K-5.1M-11.9K0.4140.18N/AN/A5932452,279777
2022-02-16$67.17$51.9037.1%10.6%36.6%35.5%39.3%13.4%0.9%501.8K-5.5M-11.1K0.4159.75N/AN/A5972462,281775
2022-02-17$64.36$51.9042.3%12.1%39.5%51.5%48.6%10.7%-3.4%215.0K-3.7M-10.7K0.9584.44N/AN/A6175862,285776
2022-02-18$64.12$59.9042.9%12.3%36.3%53.4%47.0%12.6%1.7%51.8K-2.6M-11.8K0.7972.27N/AN/A7065592,2781,162
2022-02-22$63.36$59.9044.8%12.9%35.7%59.5%48.3%15.3%-2.2%63.0K-1.7M-11.6K1.0274.04N/AN/A5065161,389756
2022-02-23$60.73$59.9050.1%14.4%38.2%75.8%52.1%12.8%-2.2%24.5K-836.6K-10.5K0.2468.58N/AN/A5291291,412757
2022-02-24$60.24$59.9049.9%14.3%38.2%75.2%48.8%27.1%-6.6%17.9K-38.7K-9.8K0.2784.21N/AN/A5051351,458770
2022-02-25$63.82$59.9042.9%12.3%43.5%53.5%44.7%12.4%-0.7%73.4K-2.0M-10.7K0.2670.09N/AN/A5171361,451774
2022-02-28$61.49$59.9051.9%14.9%44.5%81.5%50.7%13.9%-4.0%36.4K-944.9K-10.2K0.2670.55N/AN/A5231371,490775