UYG Options History — January 2023

In January 2023, UYG traded between $45.73 and $52.70. ATM implied volatility averaged 35.1%, placing in the 10.1% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 0.6% (HV 20d: 34.6%). Max pain ranged from $44.00 to $50.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 1.93.

Notable Days

  • 2023-01-20: Highest Volume — 467 contracts
  • 2023-01-06: Largest IV drop — 16.0% change
  • 2023-01-03: Highest IV Rank — 30.0%
  • 2023-01-03: Largest Expected Move — 12.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.86$45.73$52.70$45.73$52.70
Max Pain$48.50$44.00$50.00$44.00$50.00
ATM IV35.1%30.5%43.3%43.3%31.8%
Expected Move10.0%8.7%12.4%12.4%9.1%
HV 20d34.6%31.2%37.9%35.0%31.2%
HV 60d42.8%40.0%46.2%46.2%40.0%
IV Rank10.1%0.0%30.0%30.0%2.8%
IV Percentile10.2%0.0%43.3%43.3%1.2%
Term Structure0.3%-2.5%11.5%-2.5%-0.7%
VWIV33.8%28.9%39.2%38.4%33.3%
Skew 25d6.1%2.7%7.7%5.0%6.4%
Skew 10d12.4%7.4%15.2%11.5%13.7%
Call IV 25d32.1%27.6%40.1%40.1%29.7%
Put IV 25d38.3%33.0%45.0%45.0%36.1%
Bid-Ask Spread %40.8226.71115.8762.4926.71
Gamma HHI0.310.130.640.130.35
Net GEX144.5K40.9K327.6K40.9K131.2K
Net DEX-1.6M-2.7M40.3K-579.1K-2.6M
Net VEX-7.3K-8.8K-4.4K-4.4K-8.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.930.0014.500.000.00
Total Volume88.204674710
Total OI1,763.351,0842,0301,0841,881

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$45.73$44.0043.3%12.4%35.0%30.0%38.4%5.0%-2.5%40.9K-579.1K-4.4K0.0062.49N/AN/A470756328
2023-01-04$46.97$44.0037.0%10.6%32.2%16.5%39.2%4.3%11.5%64.6K-1.0M-5.0K0.00115.87N/AN/A4020766328
2023-01-05$46.34$44.0042.7%11.8%32.0%28.8%0.0%7.5%0.0%108.9K-1.0M-5.4K0.0033.43N/AN/A011,162328
2023-01-06$48.88$44.0035.9%10.7%37.2%11.3%35.8%7.1%0.7%181.1K-1.9M-6.1K14.5028.51N/AN/A4581,162329
2023-01-09$48.59$44.0039.3%11.0%37.3%18.8%37.0%6.3%-0.0%178.4K-1.8M-5.8K14.2929.61N/AN/A284001,165341
2023-01-10$48.92$50.0039.8%11.0%37.3%19.8%35.8%6.8%-0.7%127.1K-911.0K-8.3K0.0029.92N/AN/A701,175741
2023-01-11$50.30$50.0037.9%10.9%37.9%15.6%37.4%5.9%-1.1%138.8K-1.7M-8.7K1.8832.68N/AN/A16301,182741
2023-01-12$50.83$50.0034.0%9.7%37.7%7.0%0.0%6.6%0.8%178.6K-2.2M-8.6K0.5634.81N/AN/A18101,218771
2023-01-13$51.45$50.0030.8%8.8%36.3%0.0%30.3%5.4%1.7%182.6K-2.7M-8.3K0.0041.86N/AN/A4201,231796
2023-01-17$50.95$50.0031.8%9.1%33.1%2.3%32.4%5.5%0.3%218.2K-2.3M-7.6K1.8232.96N/AN/A28511,234796
2023-01-18$49.21$50.0033.7%9.7%35.1%6.5%33.4%6.8%0.2%262.8K-707.1K-6.7K0.1628.53N/AN/A3861,221747
2023-01-19$48.41$50.0035.4%10.1%34.9%10.3%33.4%7.6%0.6%125.9K40.3K-5.9K0.0727.97N/AN/A1511,240748
2023-01-20$49.49$50.0035.1%10.1%35.3%9.6%31.7%2.7%-1.3%327.6K-454.3K-6.1K0.0838.25N/AN/A434331,244744
2023-01-23$50.55$50.0033.2%9.5%35.3%5.3%29.6%7.7%0.1%77.5K-1.2M-8.6K0.0530.48N/AN/A3721,068671
2023-01-24$50.63$50.0032.6%9.3%33.2%4.1%0.0%5.8%-0.6%87.4K-1.4M-8.7K0.0050.63N/AN/A001,098673
2023-01-25$51.20$50.0032.6%9.4%33.1%4.1%28.9%6.4%-0.8%101.7K-1.7M-8.8K0.0050.47N/AN/A201,158673
2023-01-26$51.66$50.0031.9%9.2%33.1%2.6%33.4%6.4%-0.5%109.1K-2.0M-8.7K0.5048.32N/AN/A211,160673
2023-01-27$52.59$50.0030.5%8.7%32.1%0.0%31.3%5.8%-0.3%129.0K-2.6M-8.3K0.0040.74N/AN/A1901,178674
2023-01-30$51.80$50.0033.3%9.6%31.8%6.2%33.2%6.5%-0.9%118.4K-2.2M-8.2K0.8332.20N/AN/A12101,192674
2023-01-31$52.70$50.0031.8%9.1%31.2%2.8%33.3%6.4%-0.7%131.2K-2.6M-8.0K0.0026.71N/AN/A1001,197684