UYG Options History — April 2023

In April 2023, UYG traded between $41.27 and $45.50. ATM implied volatility averaged 39.3%, placing in the 14.7% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 0.6% (HV 20d: 38.6%). Max pain ranged from $35.00 to $44.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 2.14.

Notable Days

  • 2023-04-17: Highest Volume — 60 contracts
  • 2023-04-25: Largest IV spike — 21.9% change
  • 2023-04-11: Highest IV Rank — 24.6%
  • 2023-04-04: Largest Expected Move — 13.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.37$41.27$45.50$42.39$44.46
Max Pain$36.79$35.00$44.00$36.00$44.00
ATM IV39.3%32.2%46.2%42.5%33.7%
Expected Move11.1%9.2%13.2%12.2%9.7%
HV 20d38.6%24.8%57.1%57.1%29.1%
HV 60d39.2%38.5%40.8%40.8%39.6%
IV Rank14.7%4.5%24.6%19.3%6.6%
IV Percentile31.7%6.7%59.1%42.9%13.1%
Term Structure-0.6%-3.9%1.0%0.5%0.6%
VWIV38.1%31.5%50.3%50.3%35.9%
Skew 25d10.0%7.0%21.5%9.0%7.2%
Skew 10d21.6%10.2%54.2%16.6%16.9%
Call IV 25d33.8%20.9%42.1%37.4%34.3%
Put IV 25d43.7%36.2%50.3%46.4%41.5%
Bid-Ask Spread %59.8533.58106.1956.30104.61
Gamma HHI0.250.190.370.200.27
Net GEX81.6K45.0K132.6K55.0K95.1K
Net DEX-1.7M-2.6M-1.0M-1.5M-1.4M
Net VEX-6.5K-7.4K-5.5K-7.4K-5.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.140.0040.000.000.00
Total Volume20.63216073
Total OI1,421.3681,1611,5631,4631,209

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$42.39$36.0042.5%12.2%57.1%19.3%50.3%9.0%0.5%55.0K-1.5M-7.4K0.0056.30N/AN/A701,050413
2023-04-04$41.27$36.0046.0%13.2%55.8%24.3%0.0%9.4%-0.9%45.0K-1.2M-7.0K0.0044.27N/AN/A601,055413
2023-04-05$41.38$36.0045.9%13.2%56.0%24.2%0.0%7.0%-1.5%46.0K-1.2M-7.1K0.0074.82N/AN/A201,061413
2023-04-06$41.62$35.0045.3%12.4%50.7%23.3%46.5%11.7%-2.0%48.7K-1.3M-7.0K0.0036.30N/AN/A2101,060413
2023-04-10$41.76$35.0045.6%12.5%46.9%23.7%45.2%11.3%-3.0%52.7K-1.3M-6.8K0.0036.72N/AN/A1201,078413
2023-04-11$42.76$35.0046.2%12.1%45.3%24.6%41.8%10.6%-1.1%62.1K-1.6M-7.0K0.4535.62N/AN/A22101,075413
2023-04-12$42.45$35.0043.5%12.5%44.9%20.7%39.4%10.8%-0.7%60.5K-1.5M-6.8K0.1042.49N/AN/A2121,085411
2023-04-13$43.14$35.0042.5%12.2%42.6%19.2%37.0%10.5%-1.6%65.3K-1.7M-6.9K0.0033.58N/AN/A3401,074409
2023-04-14$44.05$35.0037.8%10.8%41.6%12.5%42.2%8.5%-0.0%89.6K-2.0M-6.7K0.0053.29N/AN/A3101,104409
2023-04-17$44.64$35.0034.4%9.9%36.0%7.7%32.2%9.8%0.5%103.6K-2.2M-6.4K0.0051.97N/AN/A6001,100409
2023-04-18$45.44$35.0033.2%9.5%36.0%5.8%34.9%8.8%0.5%116.2K-2.6M-6.6K0.0054.99N/AN/A3101,151409
2023-04-19$45.50$35.0032.6%9.3%31.3%5.0%32.5%8.8%0.8%119.3K-2.6M-6.4K0.0063.03N/AN/A2101,141409
2023-04-20$45.02$35.0033.8%9.7%27.6%6.8%33.6%8.2%-0.0%127.6K-2.5M-6.4K0.0058.27N/AN/A1901,154409
2023-04-21$44.74$35.0032.7%9.4%24.9%5.1%31.5%8.6%1.0%132.6K-2.3M-6.1K0.0673.73N/AN/A3121,130408
2023-04-24$44.65$37.0032.2%9.2%24.8%4.5%31.5%7.9%0.6%93.0K-1.6M-6.0K0.0060.94N/AN/A30873288
2023-04-25$43.13$37.0039.3%11.3%26.9%14.7%37.0%9.2%-1.9%84.5K-1.3M-5.8K40.0064.56N/AN/A140876288
2023-04-26$42.02$44.0042.3%12.1%28.4%19.0%0.0%10.7%-3.9%73.0K-1.0M-6.0K0.0085.47N/AN/A10876328
2023-04-27$43.53$44.0037.3%10.7%28.6%11.8%35.9%21.5%0.4%79.6K-1.1M-5.5K0.00106.19N/AN/A120875324
2023-04-28$44.46$44.0033.7%9.7%29.1%6.6%0.0%7.2%0.6%95.1K-1.4M-5.6K0.00104.61N/AN/A30886323