UYG Options History — February 2023

In February 2023, UYG traded between $49.12 and $54.23. ATM implied volatility averaged 33.5%, placing in the 8.0% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 7.0% (HV 20d: 26.5%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 2.31.

Notable Days

  • 2023-02-21: Highest Volume — 267 contracts
  • 2023-02-02: Largest IV drop — 37.8% change
  • 2023-02-01: Highest IV Rank — 41.2%
  • 2023-02-01: Largest Expected Move — 14.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.98$49.12$54.23$53.94$49.67
Max Pain$48.95$45.00$50.00$50.00$50.00
ATM IV33.5%29.1%49.1%49.1%31.4%
Expected Move9.5%8.3%14.1%14.1%9.0%
HV 20d26.5%22.6%31.7%31.7%25.0%
HV 60d34.3%31.2%40.0%40.0%31.2%
IV Rank8.0%0.0%41.2%41.2%4.9%
IV Percentile9.6%0.0%67.1%67.1%4.0%
Term Structure-0.3%-17.8%3.3%-17.8%1.3%
VWIV31.0%22.4%38.2%31.7%28.7%
Skew 25d7.5%-4.9%10.3%-4.9%6.3%
Skew 10d17.5%12.5%25.6%25.6%12.5%
Call IV 25d30.3%26.4%55.8%55.8%29.7%
Put IV 25d37.7%33.1%50.9%50.9%36.0%
Bid-Ask Spread %44.5819.5199.7799.7734.38
Gamma HHI0.340.250.480.390.48
Net GEX72.0K-69.3K168.1K130.0K-69.3K
Net DEX-2.0M-4.1M640.9K-3.2M531.5K
Net VEX-5.9K-8.2K-4.0K-8.2K-4.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.310.0025.251.430.00
Total Volume43.3680267512
Total OI1,853.1051,1392,1971,8861,393

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$53.94$50.0049.1%14.1%31.7%41.2%31.7%-4.9%-17.8%130.0K-3.2M-8.2K1.4399.77N/AN/A21301,202684
2023-02-02$53.63$45.0030.5%8.8%31.3%0.0%33.6%8.9%1.0%140.9K-3.4M-7.7K0.1134.81N/AN/A4551,223714
2023-02-03$53.05$45.0031.1%8.8%31.1%1.3%30.5%8.3%0.2%145.5K-3.2M-7.7K0.0065.44N/AN/A601,244718
2023-02-06$53.15$45.0033.3%9.1%25.8%6.1%0.0%8.4%0.2%146.1K-3.1M-7.1K0.0034.67N/AN/A071,249718
2023-02-07$54.23$45.0032.2%8.6%26.1%3.7%33.4%6.0%1.8%168.1K-4.1M-5.5K25.2542.68N/AN/A82021,249711
2023-02-08$53.52$50.0031.0%8.9%26.9%1.2%0.0%7.4%1.2%128.8K-3.4M-7.6K0.0037.99N/AN/A1601,257911
2023-02-09$52.39$50.0033.9%9.7%26.9%7.4%31.0%9.6%0.3%99.7K-2.4M-7.9K0.0030.87N/AN/A401,256911
2023-02-10$52.50$50.0034.2%9.8%26.7%8.2%0.0%8.8%0.3%104.9K-2.4M-7.6K0.0035.68N/AN/A001,258913
2023-02-13$53.51$50.0033.7%9.6%27.2%6.9%38.2%9.2%0.9%129.5K-3.3M-6.6K0.0035.07N/AN/A201,258913
2023-02-14$53.26$50.0031.3%9.0%27.0%1.7%27.3%7.6%1.6%133.1K-3.5M-5.5K0.0061.55N/AN/A501,258913
2023-02-15$53.09$50.0029.1%8.3%23.3%0.0%22.4%7.1%3.3%120.4K-3.5M-5.2K0.0036.21N/AN/A1401,263913
2023-02-16$52.20$50.0030.7%8.8%23.4%3.4%30.0%8.0%0.4%84.7K-3.1M-4.7K0.4838.87N/AN/A50241,265913
2023-02-17$51.88$50.0030.3%8.7%22.6%2.5%30.1%8.3%1.4%95.0K-2.9M-4.5K0.2934.89N/AN/A72211,285912
2023-02-21$50.03$50.0036.5%10.5%25.3%15.9%36.7%10.3%-1.3%12.3K-94.5K-4.0K7.0919.51N/AN/A33234655484
2023-02-22$49.12$50.0036.5%10.5%26.0%15.9%29.2%9.0%-1.7%-42.5K588.1K-4.8K0.0639.63N/AN/A171685704
2023-02-23$49.79$50.0033.2%9.5%26.2%8.8%0.0%8.2%0.2%-43.4K399.0K-5.0K0.0066.47N/AN/A00687705
2023-02-24$49.19$50.0034.1%9.8%26.2%10.8%28.7%8.1%1.5%-51.6K602.5K-4.6K0.0027.12N/AN/A50687705
2023-02-27$49.38$50.0034.4%9.8%25.2%11.3%0.0%7.1%-0.5%-63.6K640.9K-4.2K0.0071.32N/AN/A00688705
2023-02-28$49.67$50.0031.4%9.0%25.0%4.9%0.0%6.3%1.3%-69.3K531.5K-4.1K0.0034.38N/AN/A20688705