UYG Options History — March 2023

In March 2023, UYG traded between $39.20 and $50.50. ATM implied volatility averaged 51.5%, placing in the 35.5% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded above realized volatility by 8.6% (HV 20d: 42.9%). Max pain ranged from $30.00 to $50.00. Net GEX was positive for 13 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 0.91.

Notable Days

  • 2023-03-15: Highest Volume — 516 contracts
  • 2023-03-10: Largest IV spike — 46.3% change
  • 2023-03-10: Highest IV Rank — 100.0%
  • 2023-03-17: Largest Expected Move — 17.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.09$39.20$50.50$49.07$41.87
Max Pain$40.61$30.00$50.00$50.00$36.00
ATM IV51.5%30.3%98.6%33.6%43.6%
Expected Move13.4%8.7%17.5%9.6%12.5%
HV 20d42.9%21.9%57.6%24.1%56.8%
HV 60d36.7%29.6%41.0%31.2%40.7%
IV Rank35.5%2.6%100.0%9.6%20.8%
IV Percentile64.0%0.8%100.0%10.3%47.6%
Term Structure-2.0%-7.8%2.8%-0.7%0.5%
VWIV49.2%16.0%74.5%33.4%51.6%
Skew 25d11.3%0.0%18.0%8.2%9.5%
Skew 10d23.0%12.5%34.7%12.5%20.6%
Call IV 25d41.7%26.6%52.9%30.1%39.6%
Put IV 25d53.0%29.9%70.9%38.3%49.1%
Bid-Ask Spread %60.3724.5493.2733.8440.47
Gamma HHI0.280.100.560.540.20
Net GEX-5.2K-102.3K52.1K-77.1K52.1K
Net DEX-17.0K-1.4M2.0M803.4K-1.4M
Net VEX-5.1K-7.3K-1.9K-3.7K-7.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.910.0010.400.000.78
Total Volume860516132
Total OI1,463.2611,1711,9331,3951,429

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$49.07$50.0033.6%9.6%24.1%9.6%33.4%8.2%-0.7%-77.1K803.4K-3.7K0.0033.84N/AN/A10690705
2023-03-02$48.91$50.0034.7%9.9%21.9%12.0%32.9%3.1%-0.9%-83.0K958.6K-3.3K0.0053.78N/AN/A260691705
2023-03-03$50.24$50.0030.3%8.7%24.6%2.6%29.6%0.0%1.6%-102.3K489.6K-3.6K0.0093.27N/AN/A470714705
2023-03-06$50.50$49.0031.8%9.0%24.6%5.9%0.0%8.7%1.0%-71.6K168.5K-3.8K0.0042.37N/AN/A00757705
2023-03-07$48.23$49.0037.1%9.6%29.0%17.2%0.0%8.2%1.9%-83.3K1.0M-3.1K2.0024.54N/AN/A24757705
2023-03-08$48.02$49.0037.9%9.9%27.5%18.8%16.0%8.2%0.7%-78.7K1.2M-2.8K0.0051.24N/AN/A60759705
2023-03-09$44.70$49.0054.2%12.1%36.0%61.0%36.8%11.4%2.8%-24.7K1.7M-2.0K1.1751.75N/AN/A2934765705
2023-03-10$42.31$45.0079.3%14.9%39.3%100.0%50.2%13.4%-2.0%-21.3K1.8M-2.0K10.4078.67N/AN/A552764710
2023-03-13$40.66$45.0098.6%16.8%40.3%100.0%60.7%14.7%-7.8%-21.1K2.0M-1.9K0.3263.08N/AN/A23476767751
2023-03-14$41.49$45.0073.2%14.9%40.5%63.4%47.9%14.1%-4.7%7071.6M-3.7K0.1567.51N/AN/A186271,032782
2023-03-15$39.92$46.0056.4%16.2%41.3%39.4%71.5%15.6%-3.8%-2.8K292.0K-3.9K0.1060.63N/AN/A471451,102434
2023-03-16$41.33$30.0052.0%14.9%44.8%33.0%49.6%13.3%-3.0%26.1K-782.1K-6.5K1.0064.52N/AN/A19191,469464
2023-03-17$39.20$30.0061.1%17.5%47.0%46.1%53.7%18.0%-4.5%2.7K-327.5K-5.9K0.9765.65N/AN/A93901,480448
2023-03-20$39.92$30.0055.1%15.8%48.3%37.4%74.5%14.3%-3.4%35.9K-977.6K-6.6K0.2952.84N/AN/A12235924247
2023-03-21$42.13$35.0048.5%13.9%53.0%27.9%46.1%11.8%-3.0%43.3K-1.4M-7.3K0.2962.60N/AN/A216943282
2023-03-22$40.52$30.0048.6%13.9%54.0%28.1%50.5%10.1%-2.0%44.3K-1.4M-7.3K0.4379.78N/AN/A2310960281
2023-03-23$39.36$36.0059.7%17.1%53.7%44.1%62.0%16.2%-7.1%36.4K-909.6K-6.9K1.0170.22N/AN/A6970975290
2023-03-24$39.25$36.0055.7%16.0%53.7%38.2%56.6%13.4%-3.5%33.6K-714.5K-6.8K0.0669.03N/AN/A5031,007360
2023-03-27$40.54$36.0046.6%13.3%55.7%25.1%48.0%12.2%-2.1%41.4K-1.1M-7.2K0.0072.19N/AN/A1101,051363
2023-03-28$40.09$36.0052.1%14.9%55.4%33.1%61.3%12.0%-3.1%38.9K-1.0M-7.2K0.0049.77N/AN/A0111,050363
2023-03-29$41.48$36.0047.6%13.7%57.6%26.7%42.0%11.9%-0.5%45.3K-1.3M-7.3K0.1271.36N/AN/A2531,050371
2023-03-30$41.24$36.0047.7%13.7%57.6%26.7%59.2%11.6%-1.8%46.4K-1.3M-7.3K0.0569.30N/AN/A2011,067371
2023-03-31$41.87$36.0043.6%12.5%56.8%20.8%51.6%9.5%0.5%52.1K-1.4M-7.3K0.7840.47N/AN/A18141,057372