UYG Options History — November 2023

In November 2023, UYG traded between $41.66 and $50.04. ATM implied volatility averaged 25.3%, placing in the 7.8% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded below realized volatility by 8.6% (HV 20d: 33.9%). Max pain ranged from $40.00 to $42.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.39.

Notable Days

  • 2023-11-02: Highest Volume — 409 contracts
  • 2023-11-06: Largest IV spike — 10.5% change
  • 2023-11-01: Highest IV Rank — 13.9%
  • 2023-11-01: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.46$41.66$50.04$41.66$50.04
Max Pain$40.43$40.00$42.00$42.00$41.00
ATM IV25.3%22.5%30.1%30.1%23.7%
Expected Move7.3%6.4%8.6%8.6%6.8%
HV 20d33.9%24.8%39.9%33.4%24.9%
HV 60d29.4%27.4%30.3%27.4%29.5%
IV Rank7.8%4.3%13.9%13.9%5.8%
IV Percentile10.2%1.2%26.6%26.6%4.8%
Term Structure1.3%-0.3%2.9%-0.3%-0.0%
VWIV26.1%21.4%32.6%25.3%23.7%
Skew 25d5.3%2.6%7.8%5.1%4.4%
Skew 10d11.3%7.5%15.6%11.5%12.2%
Call IV 25d23.3%21.3%27.8%27.8%22.4%
Put IV 25d28.6%25.7%32.9%32.9%26.8%
Bid-Ask Spread %32.7916.1873.0073.0016.18
Gamma HHI0.280.130.700.700.24
Net GEX57.7K-194.9K181.6K-194.9K78.9K
Net DEX-1.8M-3.7M1.4M1.4M-2.1M
Net VEX-4.9K-7.0K-3.5K-6.6K-3.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.005.450.000.00
Total Volume36.14304091620
Total OI1,716.6199732,2421,7031,064

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$41.66$42.0030.1%8.6%33.4%13.9%0.0%5.1%-0.3%-194.9K1.4M-6.6K0.0073.00N/AN/A1605621,141
2023-11-02$43.49$40.0028.0%8.2%36.6%11.3%25.3%7.8%1.6%-148.4K291.0K-6.4K0.0019.66N/AN/A40905791,141
2023-11-03$44.89$40.0025.5%7.6%37.6%8.0%23.2%6.3%2.1%50.1K-1.6M-7.0K0.0816.97N/AN/A4949851,141
2023-11-06$44.28$40.0028.2%7.9%37.9%11.4%0.0%7.5%1.9%47.0K-1.2M-6.9K0.6722.94N/AN/A321,0411,145
2023-11-07$44.38$40.0027.5%8.0%37.4%10.6%31.1%7.2%2.1%63.7K-1.4M-6.7K0.1450.56N/AN/A2941,0441,145
2023-11-08$44.38$40.0027.2%7.8%37.4%10.2%0.0%5.9%2.8%81.4K-1.5M-6.5K0.0019.98N/AN/A001,0731,143
2023-11-09$43.91$40.0027.6%7.9%37.3%10.6%32.6%6.3%1.9%51.6K-1.1M-6.4K0.0021.41N/AN/A031,0731,143
2023-11-10$44.91$40.0025.3%7.3%38.1%7.8%25.4%6.2%2.9%131.1K-2.0M-5.5K0.0041.62N/AN/A201,0731,146
2023-11-13$44.85$40.0025.8%7.4%37.2%8.4%29.1%6.2%2.5%181.6K-2.2M-5.0K0.0051.57N/AN/A201,0781,146
2023-11-14$46.73$40.0025.3%7.3%39.9%7.8%23.6%4.6%1.4%119.6K-3.3M-4.1K0.0050.26N/AN/A701,0761,146
2023-11-15$47.13$40.0025.3%7.2%37.6%7.8%26.5%4.5%2.1%93.6K-3.5M-3.9K0.0027.61N/AN/A4901,0811,146
2023-11-16$47.29$40.0024.9%7.1%35.9%7.3%29.4%5.0%0.4%90.0K-3.6M-3.8K0.0041.00N/AN/A501,0921,146
2023-11-17$47.78$40.0024.0%6.9%33.7%6.1%25.7%4.5%1.1%71.4K-3.7M-3.8K0.0023.47N/AN/A5701,0961,146
2023-11-20$48.38$40.0023.8%6.8%32.9%6.0%25.9%5.0%0.6%78.5K-1.7M-3.9K5.4517.33N/AN/A1160634339
2023-11-21$48.16$41.0023.4%6.7%33.2%5.4%21.5%4.7%1.1%64.6K-1.6M-4.0K0.6741.86N/AN/A32639399
2023-11-22$48.52$41.0022.5%6.4%32.7%4.3%21.5%4.4%1.2%67.0K-1.6M-4.0K0.0024.52N/AN/A50642401
2023-11-24$48.77$41.0023.1%6.6%32.3%5.1%32.3%4.1%0.4%68.8K-1.7M-3.9K0.0023.56N/AN/A04647401
2023-11-27$48.56$41.0022.5%6.5%26.8%4.3%0.0%4.3%0.4%72.0K-1.7M-3.7K0.0062.98N/AN/A10647402
2023-11-28$48.48$41.0024.3%7.0%24.9%6.6%21.4%4.0%0.0%69.1K-1.6M-3.6K0.0017.54N/AN/A20650402
2023-11-29$49.12$41.0023.8%6.8%24.8%5.9%0.0%2.6%0.5%74.5K-1.8M-3.6K0.0024.63N/AN/A100652402
2023-11-30$50.04$41.0023.7%6.8%24.9%5.8%23.7%4.4%-0.0%78.9K-2.1M-3.5K0.0016.18N/AN/A200662402