UYG Options History — December 2023

In December 2023, UYG traded between $49.77 and $55.59. ATM implied volatility averaged 24.2%, placing in the 6.4% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 4.2% (HV 20d: 20.0%). Max pain ranged from $41.00 to $54.00. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.96.

Notable Days

  • 2023-12-20: Highest Volume — 251 contracts
  • 2023-12-11: Largest IV spike — 25.2% change
  • 2023-12-11: Highest IV Rank — 12.1%
  • 2023-12-20: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.00$49.77$55.59$50.88$55.22
Max Pain$48.10$41.00$54.00$41.00$54.00
ATM IV24.2%21.7%28.7%23.8%23.6%
Expected Move6.7%6.2%7.3%6.8%6.8%
HV 20d20.0%16.0%22.2%21.7%21.8%
HV 60d29.2%27.4%30.0%29.6%27.4%
IV Rank6.4%3.2%12.1%5.9%5.7%
IV Percentile10.5%0.8%32.1%5.6%7.9%
Term Structure2.0%-0.6%2.9%-0.6%2.4%
VWIV24.3%22.5%30.4%24.0%23.0%
Skew 25d4.0%2.5%5.0%3.3%2.5%
Skew 10d9.2%6.8%11.0%8.0%7.0%
Call IV 25d22.0%20.4%24.1%23.1%22.6%
Put IV 25d26.1%24.9%28.2%26.5%25.1%
Bid-Ask Spread %43.2723.0159.2751.4123.01
Gamma HHI0.260.080.540.230.27
Net GEX51.9K-22.8K155.0K80.0K-7.2K
Net DEX-2.2M-3.8M-1.3M-2.3M-1.8M
Net VEX-3.8K-5.6K-2.4K-3.3K-5.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.004.020.140.00
Total Volume60.15025140213
Total OI1,090.156711,3311,0811,214

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$50.88$41.0023.8%6.8%21.7%5.9%24.0%3.3%-0.6%80.0K-2.3M-3.3K0.1451.41N/AN/A355679402
2023-12-04$50.79$45.0025.4%6.8%20.0%7.9%24.1%4.9%2.0%94.5K-2.4M-3.4K3.3337.51N/AN/A1550714407
2023-12-05$50.28$45.0024.7%6.9%19.5%7.1%22.5%4.5%2.7%71.9K-2.1M-3.3K0.0038.95N/AN/A260716457
2023-12-06$49.77$45.0025.0%6.9%20.4%7.5%0.0%4.6%2.3%78.9K-2.0M-3.5K0.2538.07N/AN/A82740457
2023-12-07$50.20$45.0025.9%6.9%20.3%8.6%0.0%4.5%1.1%79.8K-2.2M-3.3K0.0037.65N/AN/A00748459
2023-12-08$50.83$45.0022.9%6.5%19.4%4.8%0.0%4.8%2.8%78.3K-2.4M-3.0K1.6743.80N/AN/A610748459
2023-12-11$51.36$45.0028.7%6.7%18.6%12.1%23.5%4.2%2.6%72.2K-2.6M-3.0K0.5048.97N/AN/A63752469
2023-12-12$52.00$45.0025.1%6.5%18.4%7.6%23.4%4.4%2.9%63.8K-2.8M-2.9K0.2448.20N/AN/A4912757468
2023-12-13$53.60$45.0021.7%6.2%16.0%3.2%22.7%4.5%2.7%102.2K-3.3M-2.4K0.0755.54N/AN/A765760472
2023-12-14$54.55$45.0022.6%6.5%16.5%4.5%25.1%4.2%2.0%137.2K-3.8M-2.6K0.1759.27N/AN/A9416825472
2023-12-15$53.70$47.0023.0%6.6%18.4%5.0%30.4%3.6%1.4%155.0K-3.4M-3.2K3.0056.23N/AN/A26843488
2023-12-18$54.49$45.0024.0%6.9%18.6%6.1%27.0%5.0%1.4%33.2K-1.6M-3.1K0.2558.21N/AN/A5113400271
2023-12-19$55.20$50.0022.6%6.5%18.6%4.4%23.3%4.2%2.3%36.1K-1.8M-3.3K0.3659.24N/AN/A114441284
2023-12-20$53.63$50.0025.4%7.3%22.2%8.0%25.4%3.9%1.4%43.0K-1.6M-4.0K4.0243.04N/AN/A50201456288
2023-12-21$53.91$54.0025.4%7.3%22.2%7.9%0.0%4.7%1.8%-17.0K-1.3M-5.5K0.0054.66N/AN/A00493489
2023-12-22$54.31$54.0024.7%7.1%22.2%7.0%23.6%3.4%2.6%-19.7K-1.4M-5.3K0.1726.46N/AN/A61493490
2023-12-26$54.80$54.0023.4%6.7%21.9%5.4%0.0%3.1%2.3%-22.8K-1.5M-5.1K0.0032.14N/AN/A20499490
2023-12-27$54.84$54.0023.0%6.6%21.8%4.9%23.2%3.3%2.5%-22.5K-1.6M-4.9K0.0527.71N/AN/A20710505490
2023-12-28$55.59$54.0022.9%6.6%21.8%4.8%23.3%2.7%2.0%340-1.9M-5.4K3.0025.33N/AN/A26708500
2023-12-29$55.22$54.0023.6%6.8%21.8%5.7%23.0%2.5%2.4%-7.2K-1.8M-5.6K0.0023.01N/AN/A2130708506