UYG Options History — July 2023

In July 2023, UYG traded between $45.03 and $50.65. ATM implied volatility averaged 25.6%, placing in the 2.8% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 1.4% (HV 20d: 24.2%). Max pain ranged from $44.00 to $45.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 2.04.

Notable Days

  • 2023-07-31: Highest Volume — 206 contracts
  • 2023-07-06: Largest IV spike — 12.6% change
  • 2023-07-11: Highest IV Rank — 5.9%
  • 2023-07-06: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.09$45.03$50.65$46.22$49.47
Max Pain$44.20$44.00$45.00$44.00$45.00
ATM IV25.6%23.9%28.0%24.1%25.5%
Expected Move7.4%6.8%8.3%6.9%7.3%
HV 20d24.2%22.1%25.9%23.8%22.1%
HV 60d30.5%27.5%31.4%31.0%27.5%
IV Rank2.8%0.5%5.9%0.7%2.6%
IV Percentile2.4%0.4%6.0%0.4%5.2%
Term Structure-0.2%-4.3%2.4%2.4%0.4%
VWIV25.8%13.0%32.0%19.8%13.0%
Skew 25d5.1%2.9%7.6%3.8%4.0%
Skew 10d10.7%-0.9%17.6%7.6%11.0%
Call IV 25d23.9%22.0%26.1%22.9%23.5%
Put IV 25d29.0%26.7%33.4%26.7%27.5%
Bid-Ask Spread %49.8118.2784.0984.0940.52
Gamma HHI0.180.090.230.220.18
Net GEX50.8K36.1K71.1K51.2K48.1K
Net DEX-1.5M-2.1M-758.0K-911.8K-1.8M
Net VEX-3.7K-5.4K-2.5K-3.3K-5.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.040.0033.330.0033.33
Total Volume43.3020614206
Total OI807.55682955682955

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$46.22$44.0024.1%6.9%23.8%0.7%19.8%3.8%2.4%51.2K-911.8K-3.3K0.0084.09N/AN/A140433249
2023-07-05$46.02$44.0024.6%7.0%23.3%1.4%24.6%2.9%1.9%53.8K-894.8K-3.4K0.0018.27N/AN/A470445249
2023-07-06$45.03$44.0027.7%8.3%23.9%5.5%27.3%7.6%0.1%52.3K-758.0K-3.5K1.0031.03N/AN/A44487249
2023-07-07$45.43$44.0026.4%8.0%23.8%3.8%28.2%6.2%0.7%58.8K-849.5K-3.4K0.1734.68N/AN/A122487249
2023-07-10$45.53$44.0027.5%8.0%23.8%5.3%26.3%6.8%0.0%61.7K-943.4K-3.4K0.0031.45N/AN/A170506249
2023-07-11$46.66$44.0028.0%7.8%25.1%5.9%0.0%6.2%0.6%62.5K-1.3M-3.3K0.0039.14N/AN/A00521249
2023-07-12$47.25$44.0026.5%7.6%25.2%4.0%32.0%6.7%-3.6%63.1K-1.5M-3.0K0.5051.56N/AN/A42521249
2023-07-13$47.70$44.0026.4%7.6%25.2%3.8%29.8%5.0%-3.8%57.0K-1.5M-2.8K0.0651.19N/AN/A362524251
2023-07-14$46.96$44.0025.5%7.3%25.9%2.7%23.5%5.5%-2.6%71.1K-1.5M-2.5K0.0065.94N/AN/A120528253
2023-07-17$48.01$44.0025.5%7.3%25.3%2.6%24.8%5.1%0.4%56.3K-1.6M-2.8K0.5051.60N/AN/A84536253
2023-07-18$48.91$44.0024.9%7.1%25.8%1.9%25.0%5.8%-4.3%39.2K-1.8M-2.9K0.0063.40N/AN/A890544257
2023-07-19$49.53$44.0024.4%7.0%24.9%1.2%26.1%4.3%0.3%37.3K-1.9M-3.2K0.0353.17N/AN/A612562257
2023-07-20$49.86$44.0025.1%7.2%24.7%2.0%28.4%3.9%1.2%38.2K-2.1M-3.3K0.0250.19N/AN/A621586259
2023-07-21$49.77$44.0024.6%7.1%22.9%1.4%26.7%4.3%0.1%40.2K-2.1M-3.3K0.1842.91N/AN/A397587260
2023-07-24$50.65$44.0023.9%6.8%22.6%0.5%24.9%4.8%0.5%36.1K-1.6M-3.4K0.2759.51N/AN/A13035490236
2023-07-25$49.95$44.0026.7%7.7%23.7%4.3%29.0%5.1%-0.3%48.0K-1.8M-5.1K0.0054.75N/AN/A010625269
2023-07-26$50.38$45.0024.6%7.0%23.6%1.4%24.2%4.8%0.7%47.3K-1.9M-4.9K0.0060.69N/AN/A220625279
2023-07-27$49.17$45.0026.4%7.6%25.5%3.9%25.5%5.6%0.6%46.6K-1.7M-5.3K0.6055.86N/AN/A159648279
2023-07-28$49.23$45.0024.3%7.0%23.6%1.1%30.5%4.2%1.3%46.5K-1.8M-5.4K0.1156.29N/AN/A91658287
2023-07-31$49.47$45.0025.5%7.3%22.1%2.6%13.0%4.0%0.4%48.1K-1.8M-5.3K33.3340.52N/AN/A6200665290