UYG Options History — October 2023

In October 2023, UYG traded between $38.71 and $44.61. ATM implied volatility averaged 35.3%, placing in the 20.5% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded above realized volatility by 6.7% (HV 20d: 28.6%). Max pain ranged from $42.00 to $45.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.47.

Notable Days

  • 2023-10-20: Highest Volume — 296 contracts
  • 2023-10-03: Largest IV spike — 18.8% change
  • 2023-10-03: Highest IV Rank — 27.4%
  • 2023-10-03: Largest Expected Move — 11.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.11$38.71$44.61$42.65$40.94
Max Pain$42.41$42.00$45.00$45.00$42.00
ATM IV35.3%30.3%40.9%34.4%33.2%
Expected Move10.1%8.7%11.7%9.9%9.5%
HV 20d28.6%23.1%34.6%23.1%33.4%
HV 60d24.6%23.4%27.5%23.4%27.2%
IV Rank20.5%14.1%27.4%19.3%17.7%
IV Percentile52.1%27.4%73.4%48.0%42.9%
Term Structure-1.0%-3.2%0.1%-1.2%-0.7%
VWIV33.7%27.7%40.5%35.6%35.8%
Skew 25d8.1%6.2%9.8%8.9%6.2%
Skew 10d15.5%9.5%18.9%15.9%14.6%
Call IV 25d31.8%27.9%36.9%31.3%30.6%
Put IV 25d39.9%34.8%46.2%40.2%36.8%
Bid-Ask Spread %49.3615.9868.8866.8228.02
Gamma HHI0.490.350.730.360.68
Net GEX-111.9K-257.8K-54.7K-56.4K-165.0K
Net DEX1.0M-331.5K2.4M527.6K1.7M
Net VEX-4.9K-6.7K-3.3K-5.1K-6.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.002.000.910.00
Total Volume4702962143
Total OI1,635.0911,3932,0551,5701,715

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-10-02$42.65$45.0034.4%9.9%23.1%19.3%35.6%8.9%-1.2%-56.4K527.6K-5.1K0.9166.82N/AN/A1110972598
2023-10-03$41.30$45.0040.9%11.7%24.8%27.4%40.5%8.6%-3.2%-54.7K922.5K-4.7K0.0065.04N/AN/A010980608
2023-10-04$42.00$45.0037.7%10.8%26.1%23.4%39.4%7.4%-2.1%-64.5K756.9K-4.8K0.2968.88N/AN/A5215980607
2023-10-05$42.54$42.0035.4%10.0%26.8%20.5%0.0%9.8%-1.0%-73.7K642.4K-4.8K0.0036.91N/AN/A20982617
2023-10-06$43.36$42.0034.2%9.6%28.1%19.0%27.7%8.3%0.1%-67.4K283.1K-5.0K2.0052.40N/AN/A24983617
2023-10-09$43.00$42.0035.9%9.9%27.8%21.2%0.0%7.8%-0.7%-85.7K454.7K-4.6K0.0051.76N/AN/A230985621
2023-10-10$43.76$42.0033.5%9.2%27.8%18.1%30.7%6.4%-0.3%-75.1K135.6K-4.5K1.2547.27N/AN/A45996621
2023-10-11$43.88$42.0032.4%9.3%27.9%16.7%29.4%7.9%-0.3%-87.1K119.5K-4.3K0.0048.39N/AN/A100986616
2023-10-12$43.33$42.0032.7%9.4%26.7%17.1%0.0%8.5%-0.3%-114.0K368.1K-4.2K0.0053.34N/AN/A001,001616
2023-10-13$43.29$42.0034.9%10.0%26.6%19.9%32.4%8.0%-0.3%-108.2K391.9K-4.2K0.0034.23N/AN/A1001,001622
2023-10-16$44.34$42.0031.6%9.1%28.2%15.8%0.0%7.9%-0.2%-111.5K-138.3K-3.6K0.0051.62N/AN/A021,007622
2023-10-17$44.61$42.0030.3%8.7%28.4%14.1%27.9%6.6%-0.3%-99.3K-331.5K-3.4K1.5740.12N/AN/A7111,007623
2023-10-18$43.16$42.0034.5%9.9%29.9%19.5%36.1%7.1%-0.6%-200.6K553.9K-3.3K0.0028.87N/AN/A01991,022634
2023-10-19$42.06$42.0035.5%10.2%29.2%20.7%32.8%8.3%-0.6%-257.8K2.1M-4.6K0.0050.89N/AN/A2401,0221,033
2023-10-20$40.93$42.0036.9%10.6%30.1%22.4%35.7%8.1%-0.5%-118.2K2.3M-4.2K0.0056.34N/AN/A02961,013961
2023-10-23$40.41$42.0038.0%10.9%30.2%23.8%34.6%9.2%-1.8%-123.6K1.8M-5.2K0.0052.91N/AN/A620470923
2023-10-24$40.88$42.0035.1%10.1%30.1%20.1%0.0%9.8%-1.8%-126.4K1.5M-5.9K0.0061.57N/AN/A00565923
2023-10-25$40.58$42.0036.2%10.4%30.0%21.5%0.0%8.9%-1.2%-120.9K1.6M-5.8K0.0050.34N/AN/A013570923
2023-10-26$40.34$42.0038.4%11.0%28.7%24.3%0.0%8.3%-2.0%-117.4K1.7M-5.6K0.0058.24N/AN/A0205570935
2023-10-27$38.71$42.0039.8%11.4%31.1%26.1%35.8%9.3%-2.1%-91.0K2.4M-6.0K0.1066.00N/AN/A1015701,140
2023-10-30$40.28$42.0036.2%10.4%34.6%21.5%0.0%7.6%-0.9%-142.9K2.0M-6.7K0.0015.98N/AN/A035741,141
2023-10-31$40.94$42.0033.2%9.5%33.4%17.7%0.0%6.2%-0.7%-165.0K1.7M-6.7K0.0028.02N/AN/A4305741,141