UYG Options History — May 2024

In May 2024, UYG traded between $62.18 and $68.39. ATM implied volatility averaged 23.8%, placing in the 20.4% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 3.3% (HV 20d: 20.5%). Max pain ranged from $36.00 to $63.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.98.

Notable Days

  • 2024-05-14: Highest Volume — 335 contracts
  • 2024-05-30: Largest IV spike — 40.7% change
  • 2024-05-30: Highest IV Rank — 68.5%
  • 2024-05-30: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$65.42$62.18$68.39$62.72$65.00
Max Pain$40.05$36.00$63.00$63.00$37.00
ATM IV23.8%19.5%34.0%29.9%23.4%
Expected Move6.6%5.1%9.7%8.6%6.7%
HV 20d20.5%16.3%25.3%25.3%22.2%
HV 60d22.3%20.5%23.9%23.7%22.7%
IV Rank20.4%2.3%68.5%34.7%20.3%
IV Percentile22.5%0.8%91.3%71.8%18.7%
Term Structure1.7%-8.5%9.2%4.9%4.7%
VWIV24.5%12.6%45.5%29.0%30.7%
Skew 25d4.4%0.6%15.9%6.4%3.3%
Skew 10d11.4%4.3%52.6%4.8%52.6%
Call IV 25d22.1%19.6%28.7%24.7%23.9%
Put IV 25d26.5%20.8%39.1%31.1%27.3%
Bid-Ask Spread %87.6162.53103.1288.4096.38
Gamma HHI0.200.130.280.160.24
Net GEX94.2K8.8K193.7K29.8K90.8K
Net DEX-2.8M-3.8M-1.8M-2.1M-2.8M
Net VEX-6.6K-8.2K-5.1K-7.6K-6.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.980.009.470.060.90
Total Volume45.0910335171
Total OI1,705.4551,4751,9651,7571,590

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$62.72$63.0029.9%8.6%25.3%34.7%29.0%6.4%4.9%29.8K-2.1M-7.6K0.0688.40N/AN/A1611,121636
2024-05-02$62.18$63.0024.4%7.0%24.3%17.1%25.7%4.5%0.3%14.1K-1.8M-7.6K0.0070.67N/AN/A701,113637
2024-05-03$62.91$63.0023.7%6.8%23.9%15.1%0.0%3.4%-0.6%8.8K-2.0M-6.6K0.0062.53N/AN/A001,118637
2024-05-06$63.95$36.0023.2%5.1%24.6%13.5%24.2%3.3%9.2%48.7K-2.4M-6.6K0.0086.06N/AN/A401,118637
2024-05-07$64.67$36.0022.6%6.5%24.6%16.3%0.0%3.9%3.5%60.6K-2.6M-6.1K0.0085.23N/AN/A101,122637
2024-05-08$65.31$36.0022.2%6.4%23.1%14.5%0.0%4.6%5.1%66.8K-2.7M-6.2K0.0082.65N/AN/A501,121637
2024-05-09$65.99$36.0022.0%6.4%23.2%13.9%23.7%4.1%1.4%96.1K-2.9M-5.8K0.0080.43N/AN/A11501,124637
2024-05-10$66.72$36.0021.4%6.6%18.1%10.9%20.7%3.9%4.9%135.1K-3.2M-6.4K0.0094.06N/AN/A501,235637
2024-05-13$66.22$36.0028.9%6.6%17.6%45.5%23.1%3.7%0.2%120.9K-3.1M-5.8K0.1389.15N/AN/A2431,239637
2024-05-14$66.73$36.0028.6%6.8%17.3%43.7%23.6%5.3%4.3%84.0K-2.9M-5.1K9.4782.68N/AN/A323031,302639
2024-05-15$67.50$36.0022.7%6.5%17.4%16.9%23.0%3.3%8.9%158.9K-3.3M-6.3K5.0090.04N/AN/A151,314498
2024-05-16$67.90$36.0020.2%5.8%17.4%5.3%21.0%0.6%2.3%180.3K-3.5M-6.4K0.0194.03N/AN/A16111,313501
2024-05-17$68.39$36.0019.5%5.6%16.3%2.3%20.6%3.2%2.3%193.7K-3.8M-8.2K0.0090.72N/AN/A801,463502
2024-05-20$66.97$36.0021.8%6.2%16.6%12.6%22.0%3.6%-2.4%118.5K-2.9M-6.6K0.0988.33N/AN/A191171,182293
2024-05-21$67.53$37.0020.0%5.7%16.4%4.6%12.6%1.8%0.9%136.4K-3.3M-7.5K2.0093.60N/AN/A121,218309
2024-05-22$66.73$37.0022.8%6.5%17.1%17.5%45.5%3.8%-8.5%106.4K-3.0M-6.4K0.0089.83N/AN/A201,219311
2024-05-23$64.78$37.0024.2%6.9%20.1%24.0%26.3%15.9%-1.1%87.5K-2.6M-6.7K0.38103.12N/AN/A32121,219311
2024-05-24$65.56$37.0020.4%5.9%20.4%6.7%20.3%4.2%-2.3%88.3K-2.9M-6.6K0.6094.67N/AN/A531,246319
2024-05-28$64.16$37.0023.6%6.8%21.8%21.1%0.0%5.2%5.0%81.5K-2.5M-6.6K0.0089.69N/AN/A1401,241322
2024-05-29$63.48$37.0024.1%6.9%21.6%23.6%30.7%5.3%0.4%76.4K-2.4M-6.7K0.9085.19N/AN/A1091,254322
2024-05-30$63.83$37.0034.0%9.7%21.6%68.5%0.0%2.8%-6.2%89.5K-2.6M-6.9K0.0090.00N/AN/A011,258331
2024-05-31$65.00$37.0023.4%6.7%22.2%20.3%0.0%3.3%4.7%90.8K-2.8M-6.9K0.0096.38N/AN/A011,258332