UYG Options History — January 2024

In January 2024, UYG traded between $53.66 and $59.61. ATM implied volatility averaged 24.5%, placing in the 6.9% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 5.2% (HV 20d: 19.4%). Max pain ranged from $47.00 to $55.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 1.42.

Notable Days

  • 2024-01-19: Highest Volume — 439 contracts
  • 2024-01-31: Largest IV spike — 7.9% change
  • 2024-01-31: Highest IV Rank — 8.7%
  • 2024-01-04: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$55.97$53.66$59.61$55.16$58.23
Max Pain$54.00$47.00$55.00$54.00$55.00
ATM IV24.5%22.6%26.0%25.0%26.0%
Expected Move7.1%6.5%7.7%7.2%7.5%
HV 20d19.4%17.0%21.7%21.4%21.5%
HV 60d25.2%21.4%27.4%27.4%21.4%
IV Rank6.9%4.4%8.7%7.4%8.7%
IV Percentile16.7%2.8%33.3%18.3%33.3%
Term Structure0.2%-1.2%1.8%1.8%-1.2%
VWIV25.0%22.1%27.2%25.5%26.1%
Skew 25d3.7%2.0%5.1%3.7%2.0%
Skew 10d8.6%3.7%11.3%7.9%3.7%
Call IV 25d23.3%21.6%25.1%23.8%25.1%
Put IV 25d27.0%24.7%29.4%27.5%27.1%
Bid-Ask Spread %44.2016.1567.2867.2865.14
Gamma HHI0.300.160.700.240.25
Net GEX-6.9K-256.9K121.3K18.7K67.8K
Net DEX-2.1M-3.2M-1.2M-1.9M-2.8M
Net VEX-5.7K-6.3K-4.3K-6.3K-6.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.420.0312.306.000.10
Total Volume57.4290439023
Total OI1,7331,4251,9251,4251,925

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$55.16$54.0025.0%7.2%21.4%7.4%0.0%3.7%1.8%18.7K-1.9M-6.3K0.0067.28N/AN/A00919506
2024-01-03$54.74$54.0025.2%7.2%21.7%7.7%25.5%3.1%1.5%6.5K-1.7M-5.5K6.0016.15N/AN/A212921506
2024-01-04$55.17$47.0025.2%7.7%21.1%7.7%0.0%4.2%0.5%7.6K-1.9M-5.6K0.0036.54N/AN/A00932518
2024-01-05$55.45$47.0025.3%7.7%20.4%7.8%27.2%4.7%-0.1%12.0K-2.0M-5.4K1.2241.59N/AN/A6579932518
2024-01-08$56.06$55.0024.9%7.4%20.4%7.3%26.9%4.4%0.5%5.6K-2.3M-6.1K0.8034.64N/AN/A2016999602
2024-01-09$55.31$55.0024.7%7.3%21.3%7.1%25.1%4.0%0.4%-20.1K-2.0M-6.1K0.0333.63N/AN/A7921,019618
2024-01-10$55.42$55.0025.5%7.3%21.2%8.1%25.5%4.0%0.5%-1.7K-2.2M-6.1K0.3130.87N/AN/A2681,095619
2024-01-11$55.04$55.0024.9%7.1%21.3%7.3%24.9%3.6%0.6%-27.9K-2.1M-5.8K0.2539.11N/AN/A2461,114627
2024-01-12$54.91$55.0024.7%7.1%18.7%7.1%24.5%3.8%0.1%-45.1K-2.0M-5.7K0.4734.67N/AN/A30141,116633
2024-01-16$53.94$55.0026.0%7.4%18.8%8.6%26.9%4.1%0.2%-117.2K-1.4M-5.4K1.4052.68N/AN/A571,121647
2024-01-17$53.66$55.0025.7%7.4%18.0%8.3%26.0%3.9%0.4%-148.3K-1.2M-5.2K0.2558.39N/AN/A411,124655
2024-01-18$54.01$55.0024.8%7.1%17.4%7.1%26.4%5.1%-0.3%-256.9K-1.4M-4.3K0.0351.22N/AN/A6421,124655
2024-01-19$55.74$54.0023.3%6.7%20.3%5.4%24.7%4.4%0.4%81.4K-2.7M-4.3K12.3041.96N/AN/A334061,146656
2024-01-22$56.28$54.0023.5%6.7%17.3%5.6%22.9%3.2%-0.2%8.2K-2.1M-6.2K0.5023.63N/AN/A211,034805
2024-01-23$56.42$54.0023.2%6.7%17.3%5.2%24.4%3.8%-0.0%2.1K-2.1M-5.8K0.5224.72N/AN/A29151,034806
2024-01-24$57.03$55.0022.8%6.5%17.4%4.7%22.1%3.0%-0.0%19.9K-2.4M-5.9K0.8048.80N/AN/A20161,050816
2024-01-25$57.33$55.0023.9%6.9%17.3%6.1%22.8%3.4%-0.5%28.2K-2.4M-6.3K0.5045.65N/AN/A211,061832
2024-01-26$57.87$55.0022.6%6.5%17.5%4.4%23.7%3.3%0.3%47.2K-2.6M-6.3K0.5661.08N/AN/A1691,062833
2024-01-29$57.89$55.0023.9%6.9%17.0%6.1%24.1%2.2%-0.6%45.9K-2.6M-5.6K0.5956.89N/AN/A37221,060843
2024-01-30$59.61$55.0024.1%6.9%19.2%6.3%26.1%3.3%-0.9%121.3K-3.2M-5.9K0.2763.62N/AN/A85231,065845
2024-01-31$58.23$55.0026.0%7.5%21.5%8.7%0.0%2.0%-1.2%67.8K-2.8M-6.0K0.1065.14N/AN/A2121,081844