UYG Options History — November 2022

In November 2022, UYG traded between $44.00 and $51.09. ATM implied volatility averaged 42.3%, placing in the 27.9% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded below realized volatility by 9.5% (HV 20d: 51.9%). Max pain ranged from $30.00 to $45.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.39.

Notable Days

  • 2022-11-01: Highest Volume — 1,148 contracts
  • 2022-11-28: Largest IV spike — 14.4% change
  • 2022-11-08: Highest IV Rank — 44.3%
  • 2022-11-01: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.09$44.00$51.09$46.29$51.09
Max Pain$40.95$30.00$45.00$42.00$45.00
ATM IV42.3%35.0%49.9%48.6%40.1%
Expected Move12.0%10.0%13.9%13.9%11.5%
HV 20d51.9%46.9%58.2%52.2%51.8%
HV 60d51.8%48.9%54.3%49.3%53.2%
IV Rank27.9%12.2%44.3%41.5%23.1%
IV Percentile40.4%11.1%72.6%67.1%31.7%
Term Structure-0.6%-3.0%1.6%-3.0%-2.6%
VWIV42.0%34.0%46.1%45.5%37.3%
Skew 25d6.8%5.5%8.3%5.5%6.4%
Skew 10d13.2%-12.6%40.5%11.4%-12.6%
Call IV 25d38.9%31.9%45.1%45.1%36.8%
Put IV 25d45.7%38.0%50.6%50.6%43.2%
Bid-Ask Spread %44.1023.8482.1832.7382.18
Gamma HHI0.420.080.790.080.16
Net GEX138.2K26.3K360.9K28.2K119.4K
Net DEX-1.5M-3.7M-723.1K-849.6K-2.0M
Net VEX-4.1K-7.4K-2.8K-2.8K-7.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.000.740.070.08
Total Volume467.61901,1481,1480
Total OI1,222.9525951,5155951,278

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-11-01$46.29$42.0048.6%13.9%52.2%41.5%45.5%5.5%-3.0%28.2K-849.6K-2.8K0.0732.73N/AN/A1,06880477118
2022-11-02$44.80$42.0045.0%12.9%53.7%33.6%44.4%8.1%-0.9%106.1K-1.1M-4.0K0.0957.61N/AN/A1,023931,227118
2022-11-03$44.00$40.0046.0%13.0%52.3%35.9%42.1%6.8%-1.7%82.0K-839.6K-3.5K0.0965.83N/AN/A1,024931,228131
2022-11-04$45.13$30.0043.5%12.6%48.6%30.6%43.1%8.3%0.7%104.2K-1.1M-3.8K0.4626.56N/AN/A2751261,229131
2022-11-07$45.93$38.0046.7%12.8%48.3%37.4%43.5%8.0%-0.9%127.8K-1.3M-3.9K0.4331.71N/AN/A2931261,230159
2022-11-08$46.65$38.0049.9%12.9%46.9%44.3%44.5%7.8%-1.9%149.8K-1.6M-4.3K0.4533.16N/AN/A2831261,233159
2022-11-09$44.80$38.0046.8%13.4%50.3%37.5%46.1%7.3%-2.3%85.9K-873.0K-3.2K0.5034.32N/AN/A2741361,236159
2022-11-10$49.74$38.0043.3%12.4%58.2%30.0%43.9%8.2%-1.2%290.9K-3.0M-4.8K0.4866.03N/AN/A2921411,236169
2022-11-11$50.56$40.0042.3%12.1%55.2%27.8%42.8%6.8%-0.7%313.0K-3.7M-4.9K0.4535.10N/AN/A3141421,272174
2022-11-14$49.36$40.0042.9%12.3%55.3%29.1%42.7%5.7%-0.8%360.9K-2.7M-4.5K0.4537.68N/AN/A3141421,299175
2022-11-15$49.33$40.0043.1%12.4%55.0%29.6%43.8%6.9%-1.1%349.7K-2.7M-4.3K0.5059.47N/AN/A3051511,300175
2022-11-16$48.61$40.0041.4%11.9%53.6%25.9%42.9%7.0%0.1%355.8K-1.8M-3.6K0.5629.46N/AN/A3031711,305185
2022-11-17$47.57$40.0042.0%12.1%52.8%27.3%42.4%7.1%-0.3%70.8K-863.5K-2.8K0.6529.62N/AN/A2801811,283205
2022-11-18$48.57$40.0040.0%11.5%51.4%22.9%40.7%6.6%0.5%59.7K-1.0M-3.1K0.7127.76N/AN/A2681891,300215
2022-11-21$48.76$44.0039.9%11.4%51.1%22.7%40.7%6.1%1.3%26.3K-723.1K-3.0K0.7443.97N/AN/A226167456162
2022-11-22$49.84$45.0036.5%10.5%50.4%15.3%35.1%7.1%1.6%27.8K-776.7K-3.3K0.5428.03N/AN/A348187462218
2022-11-23$50.13$45.0035.6%10.2%50.3%13.3%34.0%5.5%1.6%50.9K-948.6K-3.7K0.5471.28N/AN/A344187591238
2022-11-25$50.66$45.0035.0%10.0%50.3%12.2%0.0%6.1%1.1%58.6K-1.0M-3.7K0.0036.89N/AN/A10601248
2022-11-28$48.71$45.0040.1%11.5%50.5%23.0%0.0%6.0%-0.6%62.7K-1.1M-6.0K0.0023.84N/AN/A40902248
2022-11-29$49.30$45.0040.6%11.6%50.5%24.1%37.3%5.9%-2.0%70.7K-1.2M-6.2K0.0872.91N/AN/A13310902248
2022-11-30$51.09$45.0040.1%11.5%51.8%23.1%0.0%6.4%-2.6%119.4K-2.0M-7.4K0.0082.18N/AN/A001,020258