UYG Options History — May 2023

In May 2023, UYG traded between $40.20 and $44.41. ATM implied volatility averaged 37.8%, placing in the 12.5% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 0.8% (HV 20d: 37.0%). Max pain ranged from $39.00 to $44.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 12.64.

Notable Days

  • 2023-05-30: Highest Volume — 211 contracts
  • 2023-05-02: Largest IV spike — 27.9% change
  • 2023-05-04: Highest IV Rank — 30.6%
  • 2023-05-03: Largest Expected Move — 14.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.87$40.20$44.41$44.41$40.74
Max Pain$40.05$39.00$44.00$44.00$41.00
ATM IV37.8%31.8%50.3%32.9%36.2%
Expected Move10.8%9.1%14.4%9.4%10.4%
HV 20d37.0%28.9%39.9%28.9%32.3%
HV 60d41.9%39.6%42.7%39.6%42.3%
IV Rank12.5%3.9%30.6%5.4%10.2%
IV Percentile28.7%5.6%79.0%9.1%23.8%
Term Structure-0.4%-15.0%7.9%0.0%-1.2%
VWIV34.5%21.3%49.8%36.2%39.3%
Skew 25d11.8%4.0%17.8%9.9%11.1%
Skew 10d24.2%16.5%35.4%17.7%20.3%
Call IV 25d32.0%27.7%38.4%27.9%31.5%
Put IV 25d43.8%37.9%56.2%37.9%42.6%
Bid-Ask Spread %60.7422.4593.8377.4742.19
Gamma HHI0.260.190.300.300.22
Net GEX86.1K19.8K129.6K102.8K19.8K
Net DEX-721.3K-1.5M27.3K-1.5M27.3K
Net VEX-4.4K-5.6K-3.1K-5.6K-3.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio12.640.00210.001.000.00
Total Volume28.8640211501
Total OI1,247.4091,0461,3531,2091,342

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$44.41$44.0032.9%9.4%28.9%5.4%0.0%9.9%0.0%102.8K-1.5M-5.6K1.0077.47N/AN/A2525886323
2023-05-02$42.33$44.0042.1%12.1%33.8%18.7%36.2%14.3%-2.4%77.9K-962.7K-5.3K0.2275.97N/AN/A5111896318
2023-05-03$41.47$44.0050.3%14.4%33.2%30.5%43.7%6.8%-15.0%73.2K-835.5K-5.3K10.0091.17N/AN/A110944311
2023-05-04$40.20$39.0050.3%13.4%35.0%30.6%34.2%17.8%-5.3%58.3K-493.2K-4.7K0.1362.99N/AN/A162945321
2023-05-05$42.21$39.0039.2%11.6%39.2%14.5%34.3%15.5%-5.0%90.9K-968.0K-5.4K0.0458.36N/AN/A261958323
2023-05-08$42.48$39.0037.6%11.3%39.3%12.3%21.3%11.8%3.3%100.5K-1.0M-5.2K0.4055.77N/AN/A104981324
2023-05-09$42.19$39.0037.9%11.3%38.4%12.7%34.6%13.4%2.8%97.7K-951.9K-5.2K0.0051.08N/AN/A10989324
2023-05-10$41.67$39.0037.1%10.6%38.6%11.5%45.5%13.5%5.3%90.4K-689.7K-4.6K0.2049.83N/AN/A51990324
2023-05-11$41.34$39.0038.1%10.9%38.1%12.9%30.4%12.4%4.2%83.7K-583.1K-4.4K0.0022.45N/AN/A320990325
2023-05-12$40.89$39.0037.9%10.9%37.2%12.6%49.8%13.4%2.6%73.6K-430.3K-4.0K0.0042.56N/AN/A02999325
2023-05-15$41.63$39.0035.6%10.2%37.5%9.3%27.9%11.6%-2.4%90.6K-593.1K-4.1K0.0054.50N/AN/A100999327
2023-05-16$41.08$39.0036.5%10.5%36.8%10.7%31.3%4.0%7.9%73.7K-634.1K-4.4K0.0093.83N/AN/A1101,008327
2023-05-17$42.55$39.0032.9%9.4%39.5%5.4%0.0%16.2%-0.0%109.5K-836.0K-4.3K0.0056.34N/AN/A101,009327
2023-05-18$43.13$39.0031.8%9.1%39.8%3.9%31.0%11.2%1.0%129.6K-1.0M-4.2K0.8470.99N/AN/A37311,009327
2023-05-19$42.88$39.0033.8%9.7%39.8%6.8%32.6%11.0%-0.2%116.1K-944.1K-4.3K0.0057.83N/AN/A2001,025328
2023-05-22$43.08$39.0032.8%9.4%39.9%5.3%31.8%9.8%1.6%109.7K-995.4K-4.1K0.0264.54N/AN/A531825221
2023-05-23$42.13$39.0036.0%10.3%38.7%9.9%28.0%10.1%-0.5%97.8K-774.8K-3.9K10.0058.64N/AN/A110861222
2023-05-24$40.92$39.0039.9%11.4%39.0%15.5%40.1%13.1%-1.1%74.0K-441.5K-3.5K20.0063.75N/AN/A120862232
2023-05-25$40.95$41.0039.0%11.2%36.6%14.3%0.0%11.8%-1.7%66.7K-367.7K-3.6K0.0046.15N/AN/A00865267
2023-05-26$41.46$41.0036.7%10.5%35.9%10.9%29.8%10.7%-0.3%80.8K-436.9K-3.6K0.0067.75N/AN/A40866267
2023-05-30$41.42$41.0036.7%10.5%35.9%10.9%39.3%10.9%-1.4%78.0K-360.5K-3.1K210.0072.22N/AN/A1210864267
2023-05-31$40.74$41.0036.2%10.4%32.3%10.2%0.0%11.1%-1.2%19.8K27.3K-3.8K0.0042.19N/AN/A10865477