UYG Options History — March 2022

In March 2022, UYG traded between $54.61 and $66.72. ATM implied volatility averaged 50.2%, placing in the 53.0% IV rank vs the trailing year. The 30-day expected move averaged 14.4%. IV traded below realized volatility by 3.8% (HV 20d: 54.0%). Max pain ranged from $56.00 to $66.90. Net GEX was positive for 15 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.25.

Notable Days

  • 2022-03-09: Highest Volume — 856 contracts
  • 2022-03-04: Largest IV spike — 21.9% change
  • 2022-03-01: Highest IV Rank — 100.0%
  • 2022-03-07: Largest Expected Move — 21.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$60.82$54.61$66.72$58.26$63.89
Max Pain$59.08$56.00$66.90$59.90$56.00
ATM IV50.2%33.3%75.7%61.4%37.7%
Expected Move14.4%10.2%21.7%17.6%10.9%
HV 20d54.0%46.9%59.7%46.9%48.2%
HV 60d43.7%40.4%45.5%40.9%44.6%
IV Rank53.0%15.2%100.0%100.0%24.1%
IV Percentile86.4%42.9%100.0%100.0%71.4%
Term Structure-2.5%-11.2%4.0%0.3%-0.0%
VWIV52.2%33.6%84.6%66.5%35.1%
Skew 25d15.3%8.9%26.6%12.1%9.1%
Skew 10d30.0%14.9%45.8%27.0%16.1%
Call IV 25d42.7%30.7%61.2%52.9%32.9%
Put IV 25d58.0%39.7%80.9%65.0%42.0%
Bid-Ask Spread %50.7718.8186.0962.4326.08
Gamma HHI0.170.090.330.180.10
Net GEX48.7K-53.0K166.1K4.1K143.2K
Net DEX-724.8K-3.0M1.6M189.8K-1.6M
Net VEX-6.4K-9.7K-4.4K-8.8K-6.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.250.180.370.260.20
Total Volume599.261334856647416
Total OI1,842.1747712,5082,2691,097

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$58.26$59.9061.4%17.6%46.9%100.0%66.5%12.1%0.3%4.1K189.8K-8.8K0.2662.43N/AN/A5141331,495774
2022-03-02$61.23$59.9052.6%15.1%49.1%75.6%49.4%17.1%-5.5%27.5K-817.9K-9.7K0.2472.88N/AN/A5681381,480780
2022-03-03$60.57$59.9054.2%15.5%48.6%79.8%54.5%17.4%-3.4%32.0K-776.8K-9.5K0.2372.48N/AN/A6011411,561786
2022-03-04$58.02$59.9066.0%18.9%49.9%100.0%67.9%20.1%-6.3%7.2K373.2K-8.4K0.2367.58N/AN/A6101431,554789
2022-03-07$55.00$59.9075.7%21.7%51.3%100.0%84.6%26.6%-11.2%-2.8K1.4M-6.7K0.2367.90N/AN/A6421451,577790
2022-03-08$54.61$59.9067.2%20.2%51.3%83.0%75.7%22.1%-8.9%-9.2K1.6M-5.9K0.2580.73N/AN/A6311571,560791
2022-03-09$58.25$59.9058.6%18.3%57.2%65.9%66.9%16.8%-7.4%-19.5K344.4K-6.8K0.2275.12N/AN/A7011551,569802
2022-03-10$56.64$59.9061.4%18.3%56.4%71.4%70.4%19.8%-1.1%826646.5K-7.0K0.2785.27N/AN/A5921621,642802
2022-03-11$56.36$59.9060.7%18.4%55.8%70.1%79.1%23.4%-3.9%-18.2K900.4K-6.1K0.3286.09N/AN/A5461761,646803
2022-03-14$56.75$66.9057.1%15.7%55.6%62.9%48.1%20.0%0.4%-24.7K674.6K-5.5K0.2949.61N/AN/A6071771,659789
2022-03-15$58.35$66.9056.7%15.1%57.0%62.1%48.0%17.6%-4.2%-53.0K-47.0K-5.4K0.3147.39N/AN/A5801771,717790
2022-03-16$60.66$66.9050.2%13.7%58.6%49.1%43.6%13.6%-1.4%-47.1K-1.5M-5.4K0.3753.66N/AN/A4921801,718790
2022-03-17$62.57$0.0045.7%12.7%59.7%40.1%58.6%14.9%-2.9%-46.4K-2.7M-4.6K0.3359.68N/AN/A4911621,700784
2022-03-18$63.55$56.0042.4%11.0%58.1%33.5%49.6%14.6%-7.1%146.1K-3.0M-4.4K0.2635.14N/AN/A6281621,649785
2022-03-21$62.59$56.0042.4%12.7%58.4%33.5%48.5%15.4%4.0%67.0K-1.0M-5.1K0.2245.89N/AN/A31769627144
2022-03-22$64.65$56.0043.6%10.8%59.4%35.9%39.3%12.4%-5.2%100.5K-1.4M-5.6K0.2645.94N/AN/A26668730143
2022-03-23$63.00$56.0040.0%11.4%58.1%28.7%37.0%11.8%-0.3%106.3K-1.2M-5.8K0.2221.83N/AN/A30667813144
2022-03-24$63.10$56.0038.9%11.3%58.0%26.6%36.7%10.0%0.6%111.6K-1.3M-6.0K0.2418.81N/AN/A27667828144
2022-03-25$64.42$56.0037.2%11.0%54.7%23.1%36.3%9.7%1.5%128.6K-1.6M-6.3K0.2420.55N/AN/A28467845144
2022-03-28$64.62$56.0035.9%10.8%52.8%20.5%36.7%9.9%1.2%139.9K-1.7M-6.2K0.2321.24N/AN/A28867870144
2022-03-29$66.72$56.0033.3%10.2%49.3%15.2%33.7%8.9%2.6%166.1K-2.3M-6.6K0.1823.33N/AN/A35164873144
2022-03-30$65.03$56.0035.2%10.6%47.9%19.1%33.6%9.7%1.6%161.1K-1.9M-6.5K0.1928.03N/AN/A33465951147
2022-03-31$63.89$56.0037.7%10.9%48.2%24.1%35.1%9.1%-0.0%143.2K-1.6M-6.1K0.2026.08N/AN/A34868949148