UYG Options History — September 2023

In September 2023, UYG traded between $43.48 and $48.33. ATM implied volatility averaged 27.2%, placing in the 9.6% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 5.6% (HV 20d: 21.6%). Max pain ranged from $45.00 to $47.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 6.29.

Notable Days

  • 2023-09-26: Highest Volume — 404 contracts
  • 2023-09-14: Largest IV drop — 23.9% change
  • 2023-09-26: Highest IV Rank — 22.2%
  • 2023-09-26: Largest Expected Move — 10.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.31$43.48$48.33$47.59$43.48
Max Pain$45.70$45.00$47.00$47.00$45.00
ATM IV27.2%19.1%36.8%20.4%33.8%
Expected Move7.8%5.5%10.5%5.8%9.7%
HV 20d21.6%18.6%24.4%24.4%23.7%
HV 60d23.1%22.7%24.0%23.1%23.2%
IV Rank9.6%0.0%22.2%0.0%18.5%
IV Percentile17.4%0.0%54.0%0.0%44.8%
Term Structure2.4%-0.6%11.2%4.5%-0.6%
VWIV27.7%20.2%43.3%20.2%35.9%
Skew 25d7.7%3.9%12.5%3.9%7.5%
Skew 10d12.5%2.6%20.9%9.1%14.0%
Call IV 25d24.5%14.4%39.7%19.7%29.7%
Put IV 25d32.2%23.6%47.2%23.6%37.1%
Bid-Ask Spread %77.0529.35135.4947.2558.41
Gamma HHI0.390.210.600.390.31
Net GEX14.7K-144.5K171.6K-31.3K-43.1K
Net DEX-1.1M-2.4M272.6K-1.3M272.6K
Net VEX-5.0K-6.2K-3.8K-4.7K-5.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.290.00100.000.000.00
Total Volume59.1140432
Total OI1,231.859321,6151,1881,530

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$47.59$47.0020.4%5.8%24.4%0.0%0.0%3.9%4.5%-31.3K-1.3M-4.7K0.0047.25N/AN/A30707481
2023-09-05$46.88$46.0023.8%7.6%22.8%4.4%20.2%7.3%3.9%-47.1K-1.1M-4.2K0.0095.08N/AN/A20710481
2023-09-06$46.53$46.0024.4%7.5%22.5%5.1%29.5%5.4%2.3%-50.8K-742.4K-4.1K0.0091.10N/AN/A180710481
2023-09-07$46.34$46.0028.6%7.4%22.3%10.6%26.9%11.3%4.1%-46.5K-768.0K-4.4K0.00118.37N/AN/A80717481
2023-09-08$46.38$46.0024.4%7.8%22.2%5.2%0.0%7.0%1.6%-67.6K-755.2K-4.0K0.0058.77N/AN/A30717481
2023-09-11$46.75$46.0025.0%7.4%22.2%6.0%0.0%6.3%1.9%-105.6K-948.1K-3.8K0.0029.35N/AN/A240720475
2023-09-12$47.57$46.0026.5%7.0%23.1%7.9%25.6%5.3%2.3%-79.3K-1.3M-4.0K0.6249.17N/AN/A2113720475
2023-09-13$47.41$46.0025.1%7.2%18.8%6.0%22.5%6.8%2.8%-144.5K-1.2M-3.8K0.0058.48N/AN/A4000720488
2023-09-14$48.33$46.0019.1%5.5%19.9%0.0%25.4%12.5%11.2%65.2K-2.4M-6.1K0.00107.52N/AN/A3501,120487
2023-09-15$47.70$46.0023.4%6.7%19.8%5.4%23.8%5.6%2.7%37.9K-2.3M-5.9K0.0077.48N/AN/A1701,128487
2023-09-18$48.05$46.0024.1%6.9%19.9%6.3%22.6%5.5%2.2%158.2K-1.9M-5.9K0.0167.81N/AN/A70184983
2023-09-19$48.08$46.0024.5%7.0%19.9%6.9%30.1%6.8%1.5%171.6K-2.0M-6.2K0.0049.02N/AN/A06091984
2023-09-20$47.32$46.0026.2%7.5%18.6%8.9%0.0%11.6%0.9%156.2K-1.7M-6.2K1.00104.28N/AN/A11919145
2023-09-21$45.80$45.0029.1%8.4%21.2%12.6%0.0%7.1%0.7%109.3K-1.2M-5.4K0.0076.98N/AN/A10919136
2023-09-22$45.14$45.0030.1%8.6%21.8%13.9%21.6%9.2%-0.0%112.0K-1.1M-4.9K0.00100.51N/AN/A110918136
2023-09-25$45.02$45.0031.7%9.1%21.6%15.9%32.0%12.2%0.2%79.9K-849.3K-4.4K10.8093.20N/AN/A554919136
2023-09-26$44.01$45.0036.8%10.5%22.7%22.2%43.3%7.5%6.0%60.3K-679.3K-4.4K100.00135.49N/AN/A4400924188
2023-09-27$43.50$45.0035.1%10.1%21.5%20.1%35.9%8.4%-0.3%-27.0K196.0K-5.9K0.8658.65N/AN/A1412926588
2023-09-28$44.36$45.0032.5%9.3%23.0%16.9%0.0%7.1%0.2%-13.8K-78.8K-6.0K0.0064.14N/AN/A02932600
2023-09-29$43.48$45.0033.8%9.7%23.7%18.5%0.0%7.5%-0.6%-43.1K272.6K-5.4K0.0058.41N/AN/A20932598