UYG Options History — August 2023

In August 2023, UYG traded between $44.73 and $49.74. ATM implied volatility averaged 27.9%, placing in the 6.1% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 5.2% (HV 20d: 22.7%). Max pain ranged from $45.00 to $47.00. Net GEX was positive for 12 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 0.93.

Notable Days

  • 2023-08-07: Highest Volume — 402 contracts
  • 2023-08-02: Largest IV spike — 17.0% change
  • 2023-08-15: Highest IV Rank — 11.7%
  • 2023-08-15: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.28$44.73$49.74$49.70$46.81
Max Pain$46.83$45.00$47.00$45.00$47.00
ATM IV27.9%21.9%32.2%23.4%21.9%
Expected Move8.0%6.3%9.2%6.7%6.3%
HV 20d22.7%20.9%24.2%22.0%23.7%
HV 60d25.0%22.9%26.6%26.6%22.9%
IV Rank6.1%0.0%11.7%0.0%0.0%
IV Percentile12.2%0.0%25.4%0.0%0.0%
Term Structure2.1%-1.9%4.4%1.1%4.4%
VWIV28.5%20.8%34.7%29.8%21.8%
Skew 25d8.6%4.0%16.3%4.5%5.0%
Skew 10d17.7%-7.0%46.9%8.4%12.9%
Call IV 25d24.3%20.5%28.2%21.9%20.5%
Put IV 25d32.9%25.6%38.4%26.4%25.6%
Bid-Ask Spread %74.2728.9098.7165.1783.71
Gamma HHI0.280.180.420.190.40
Net GEX18.6K-36.2K132.9K17.9K-36.2K
Net DEX-1.1M-1.9M-363.1K-1.6M-962.1K
Net VEX-6.1K-8.1K-4.7K-6.3K-4.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.930.0010.000.000.00
Total Volume27.4350402143
Total OI1,340.6521,1491,6121,1611,185

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$49.70$45.0023.4%6.7%22.0%0.0%0.0%4.5%1.1%17.9K-1.6M-6.3K0.0065.17N/AN/A140671490
2023-08-02$48.86$45.0027.4%7.8%23.1%5.3%29.8%6.0%-0.2%14.4K-1.4M-6.9K0.0063.53N/AN/A320685490
2023-08-03$48.99$47.0027.6%8.1%21.1%5.6%32.7%8.2%2.1%16.1K-1.5M-6.9K0.0063.45N/AN/A01696490
2023-08-04$48.51$47.0026.5%7.9%21.6%4.1%28.2%7.2%2.4%12.5K-1.4M-6.8K0.5328.90N/AN/A1910696491
2023-08-07$49.74$47.0024.7%7.6%23.0%1.8%27.8%7.1%2.9%20.5K-1.7M-6.7K0.1962.97N/AN/A33765707501
2023-08-08$49.02$47.0027.6%8.0%22.6%5.6%0.0%8.7%2.4%132.9K-1.9M-8.1K0.0051.64N/AN/A1001,046566
2023-08-09$48.52$47.0028.1%8.0%22.7%6.2%34.7%8.4%1.9%112.0K-1.7M-7.7K0.0072.85N/AN/A501,041566
2023-08-10$48.09$47.0030.6%8.8%22.8%9.6%24.9%11.4%2.9%106.1K-1.5M-7.3K0.0089.57N/AN/A401,043566
2023-08-11$48.48$47.0031.0%8.9%22.1%10.1%28.8%15.3%1.0%104.7K-1.5M-7.4K0.0098.71N/AN/A401,043566
2023-08-14$48.16$47.0030.4%8.7%20.9%9.3%0.0%8.3%3.0%52.6K-1.1M-6.5K2.0092.74N/AN/A121,041566
2023-08-15$46.42$47.0032.2%9.2%23.5%11.7%28.4%6.8%1.5%2.4K-537.0K-6.0K0.5091.39N/AN/A211,041564
2023-08-16$46.38$47.0030.6%8.8%22.8%9.6%31.7%6.9%2.4%-2.5K-448.8K-5.9K10.0083.93N/AN/A1101,042562
2023-08-17$45.77$47.0030.8%8.8%22.8%9.9%29.3%7.4%-1.9%4.6K-565.9K-5.9K0.0073.60N/AN/A2701,043506
2023-08-18$45.86$47.0029.8%8.6%22.9%8.6%30.4%8.9%3.4%-6.5K-518.5K-5.8K2.5044.55N/AN/A12301,045497
2023-08-21$45.83$47.0028.8%8.3%21.4%7.2%28.1%16.3%3.2%-14.8K-629.8K-5.8K0.0091.78N/AN/A50674475
2023-08-22$44.73$47.0030.9%8.9%22.3%10.0%30.2%7.4%1.3%-9.0K-363.1K-5.4K0.0752.89N/AN/A151687476
2023-08-23$45.69$47.0028.2%8.1%23.8%6.4%0.0%15.3%2.6%-19.7K-508.0K-5.5K0.0076.96N/AN/A00702475
2023-08-24$45.53$47.0029.5%8.5%22.6%8.2%0.0%8.9%1.4%-6.2K-615.3K-5.3K0.0097.05N/AN/A00702475
2023-08-25$45.89$47.0027.1%7.8%23.0%5.0%0.0%6.0%2.9%-16.5K-679.0K-5.2K0.0077.17N/AN/A00702475
2023-08-28$46.22$47.0027.3%7.8%23.1%5.2%20.8%8.4%1.9%-17.6K-782.8K-5.1K0.0090.18N/AN/A180702477
2023-08-29$47.06$47.0023.6%6.8%24.2%0.3%21.8%4.0%3.5%-26.5K-1.1M-5.0K0.0061.29N/AN/A20705477
2023-08-30$47.18$47.0023.4%6.7%23.6%0.1%0.0%11.1%3.1%-13.7K-1.2M-4.9K0.0094.14N/AN/A00707478
2023-08-31$46.81$47.0021.9%6.3%23.7%0.0%0.0%5.0%4.4%-36.2K-962.1K-4.7K0.0083.71N/AN/A03707478