UYG Options History — March 2024

In March 2024, UYG traded between $62.36 and $68.42. ATM implied volatility averaged 23.5%, placing in the 8.5% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 3.1% (HV 20d: 20.4%). Max pain ranged from $46.00 to $60.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 1.11.

Notable Days

2024-03-27: Highest Volume — 323 contracts
2024-03-11: Largest IV spike — 52.7% change
2024-03-22: Highest IV Rank — 13.7%
2024-03-08: Largest Expected Move — 8.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$64.71	$62.36	$68.42	$62.41	$68.42
Max Pain	$57.40	$46.00	$60.00	$51.00	$60.00
ATM IV	23.5%	19.0%	29.6%	25.6%	23.2%
Expected Move	7.0%	6.3%	8.5%	7.3%	6.6%
HV 20d	20.4%	15.1%	25.2%	25.2%	19.1%
HV 60d	21.5%	20.0%	22.4%	22.4%	21.7%
IV Rank	8.5%	0.0%	13.7%	8.1%	12.7%
IV Percentile	16.6%	0.0%	57.5%	37.3%	10.7%
Term Structure	0.7%	-6.1%	5.3%	5.3%	1.9%
VWIV	23.4%	13.2%	26.8%	26.6%	21.8%
Skew 25d	3.7%	1.5%	6.8%	2.0%	3.3%
Skew 10d	8.0%	1.4%	12.7%	3.9%	9.0%
Call IV 25d	22.7%	21.2%	25.0%	23.4%	21.9%
Put IV 25d	26.4%	23.8%	30.0%	25.4%	25.2%
Bid-Ask Spread %	58.35	47.61	88.36	88.36	65.51
Gamma HHI	0.34	0.21	0.46	0.21	0.40
Net GEX	110.4K	74.0K	163.0K	90.4K	128.4K
Net DEX	-4.0M	-5.3M	-2.4M	-4.4M	-3.2M
Net VEX	-4.8K	-6.2K	-4.2K	-4.4K	-6.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.11	0.00	13.68	0.00	0.00
Total Volume	44.85	0	323	28	7
Total OI	1,470.05	940	1,915	1,719	1,334

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2024-03-01	$62.41	$51.00	25.6%	7.3%	25.2%	8.1%	0.0%	2.0%	5.3%	90.4K	-4.4M	-4.4K	0.00	88.36	N/A	N/A	28	0	964	755
2024-03-04	$62.66	$46.00	19.7%	7.3%	25.0%	0.7%	26.6%	5.1%	0.4%	92.2K	-4.7M	-4.3K	0.57	48.66	N/A	N/A	7	4	986	755
2024-03-05	$62.36	$55.00	29.6%	7.4%	24.4%	13.2%	24.4%	2.7%	0.0%	93.3K	-4.6M	-4.3K	0.00	50.69	N/A	N/A	200	0	992	759
2024-03-06	$63.31	$55.00	20.4%	7.3%	24.8%	1.7%	26.8%	4.5%	1.0%	115.4K	-5.0M	-4.8K	0.26	49.62	N/A	N/A	23	6	1,089	759
2024-03-07	$63.14	$58.00	20.5%	7.0%	24.5%	1.8%	0.0%	6.8%	-4.9%	108.9K	-4.8M	-4.3K	0.00	53.12	N/A	N/A	5	0	1,089	765
2024-03-08	$63.31	$58.00	19.0%	8.5%	24.2%	0.0%	0.0%	5.3%	-6.1%	115.8K	-4.9M	-4.9K	0.00	57.27	N/A	N/A	10	0	1,089	765
2024-03-11	$63.56	$58.00	29.0%	7.4%	24.1%	12.6%	0.0%	5.9%	-3.8%	112.6K	-4.9M	-4.4K	0.20	57.55	N/A	N/A	5	1	1,095	765
2024-03-12	$64.07	$58.00	24.8%	6.7%	24.0%	7.3%	23.7%	4.4%	3.9%	127.6K	-5.1M	-4.2K	0.00	60.35	N/A	N/A	48	0	1,096	765
2024-03-13	$64.63	$58.00	23.1%	6.6%	19.1%	5.2%	13.2%	2.7%	0.5%	163.0K	-5.3M	-4.7K	0.00	65.94	N/A	N/A	48	0	1,123	765
2024-03-14	$63.50	$58.00	24.6%	7.0%	19.8%	10.3%	24.8%	4.6%	1.2%	103.1K	-4.9M	-4.9K	0.11	60.77	N/A	N/A	53	6	1,136	765
2024-03-15	$63.74	$59.00	24.5%	7.0%	16.3%	13.0%	26.1%	4.2%	2.3%	74.0K	-5.0M	-5.0K	0.09	56.24	N/A	N/A	32	3	1,144	771
2024-03-18	$64.47	$58.00	24.1%	6.9%	16.4%	12.3%	23.6%	4.7%	1.8%	85.1K	-2.4M	-4.9K	0.27	53.28	N/A	N/A	11	3	656	284
2024-03-19	$64.92	$59.00	22.9%	6.6%	15.9%	9.3%	0.0%	3.8%	2.5%	91.9K	-2.5M	-4.9K	0.00	61.03	N/A	N/A	0	0	667	287
2024-03-20	$66.57	$59.00	22.3%	6.4%	17.6%	8.1%	22.0%	2.5%	2.3%	102.5K	-2.9M	-5.0K	0.00	63.75	N/A	N/A	24	0	667	287
2024-03-21	$67.81	$59.00	22.8%	6.5%	15.1%	9.3%	23.1%	1.5%	2.3%	128.4K	-3.2M	-5.0K	0.45	66.03	N/A	N/A	11	5	690	287
2024-03-22	$66.39	$59.00	24.6%	7.0%	17.6%	13.7%	24.0%	2.7%	-1.9%	116.8K	-2.9M	-5.3K	2.71	47.61	N/A	N/A	7	19	703	292
2024-03-25	$65.66	$60.00	23.1%	6.6%	17.8%	10.1%	0.0%	2.9%	1.9%	108.9K	-2.7M	-4.9K	0.00	49.47	N/A	N/A	0	0	710	308
2024-03-26	$66.05	$60.00	23.3%	6.7%	17.8%	11.7%	22.1%	2.4%	1.6%	115.2K	-2.8M	-5.0K	1.67	54.12	N/A	N/A	3	5	710	308
2024-03-27	$67.20	$60.00	22.1%	6.3%	18.4%	9.3%	25.9%	2.7%	1.8%	133.8K	-3.1M	-4.6K	13.68	57.65	N/A	N/A	22	301	711	308
2024-03-28	$68.42	$60.00	23.2%	6.6%	19.1%	12.7%	21.8%	3.3%	1.9%	128.4K	-3.2M	-6.2K	0.00	65.51	N/A	N/A	7	0	725	609