UYG Options History — February 2025

In February 2025, UYG traded between $93.31 and $98.66. ATM implied volatility averaged 27.5%, placing in the 19.5% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 3.3% (HV 20d: 24.2%). Max pain ranged from $70.00 to $81.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 0.79.

Notable Days

2025-02-06: Highest Volume — 43 contracts
2025-02-12: Largest IV spike — 46.3% change
2025-02-27: Highest IV Rank — 35.2%
2025-02-27: Largest Expected Move — 10.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$95.99	$93.31	$98.66	$95.53	$97.28
Max Pain	$71.89	$70.00	$81.00	$81.00	$73.00
ATM IV	27.5%	18.1%	35.5%	27.6%	32.4%
Expected Move	8.1%	6.3%	10.2%	7.9%	9.3%
HV 20d	24.2%	16.9%	31.4%	30.9%	24.3%
HV 60d	29.2%	27.7%	37.6%	37.6%	29.0%
IV Rank	19.5%	1.0%	35.2%	19.7%	29.2%
IV Percentile	48.5%	0.8%	88.5%	50.4%	77.8%
Term Structure	2.8%	-2.8%	8.3%	3.5%	-2.8%
VWIV	28.9%	23.9%	35.4%	35.4%	35.4%
Skew 25d	7.5%	-3.8%	14.9%	10.1%	10.3%
Skew 10d	16.0%	-7.9%	30.6%	20.1%	22.0%
Call IV 25d	26.2%	23.7%	32.4%	27.2%	29.0%
Put IV 25d	33.7%	24.2%	41.0%	37.2%	39.3%
Bid-Ask Spread %	90.37	75.71	100.02	92.85	92.84
Gamma HHI	0.16	0.13	0.24	0.13	0.24
Net GEX	126.7K	76.9K	170.9K	123.1K	77.1K
Net DEX	-3.6M	-4.3M	-3.0M	-3.5M	-3.3M
Net VEX	-7.4K	-8.1K	-6.9K	-7.8K	-7.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.79	0.00	7.75	0.00	0.00
Total Volume	13	0	43	4	4
Total OI	858.211	668	955	875	730

Daily Data (19 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
2025-02-03	$95.53	$81.00	27.6%	7.9%	30.9%	19.7%	35.4%	10.1%	3.5%	123.1K	-3.5M	-7.8K	0.00	92.85	N/A	N/A	0	4	741	134
2025-02-04	$94.90	$81.00	22.0%	6.3%	31.1%	8.7%	0.0%	-3.8%	8.3%	122.3K	-3.5M	-7.4K	0.00	88.90	N/A	N/A	1	0	741	134
2025-02-05	$96.72	$81.00	26.2%	7.5%	31.2%	17.0%	0.0%	10.6%	1.0%	129.1K	-3.7M	-7.6K	1.00	100.02	N/A	N/A	2	2	742	134
2025-02-06	$98.22	$70.00	24.7%	6.8%	30.9%	14.0%	32.6%	2.6%	4.1%	149.4K	-4.0M	-7.8K	0.00	78.75	N/A	N/A	43	0	741	136
2025-02-07	$97.47	$70.00	27.1%	8.5%	31.4%	18.8%	23.9%	9.4%	3.0%	138.8K	-4.0M	-8.1K	0.00	81.08	N/A	N/A	9	0	767	136
2025-02-10	$95.88	$70.00	25.9%	8.1%	26.0%	16.4%	0.0%	7.5%	1.0%	154.0K	-3.9M	-7.9K	0.00	86.85	N/A	N/A	18	0	776	136
2025-02-11	$96.51	$70.00	18.1%	8.1%	26.0%	1.0%	0.0%	9.9%	3.3%	145.0K	-3.8M	-7.9K	1.00	86.33	N/A	N/A	1	1	794	136
2025-02-12	$95.22	$70.00	26.4%	7.6%	26.5%	17.5%	31.5%	5.6%	3.9%	138.5K	-3.7M	-7.8K	1.33	75.71	N/A	N/A	3	4	795	137
2025-02-13	$96.92	$70.00	27.3%	7.8%	18.2%	19.1%	0.0%	6.9%	5.0%	153.3K	-3.9M	-7.9K	0.00	86.60	N/A	N/A	0	1	795	140
2025-02-14	$97.12	$70.00	29.8%	8.5%	18.1%	24.1%	0.0%	9.2%	2.0%	152.7K	-4.0M	-7.7K	0.00	90.37	N/A	N/A	0	0	795	141
2025-02-18	$98.07	$70.00	27.1%	7.8%	17.5%	18.7%	0.0%	3.4%	0.6%	152.2K	-4.1M	-7.2K	0.00	93.30	N/A	N/A	0	0	795	141
2025-02-19	$98.66	$70.00	25.1%	7.2%	16.9%	14.8%	25.2%	5.3%	4.1%	165.1K	-4.3M	-6.9K	0.00	91.56	N/A	N/A	37	0	795	141
2025-02-20	$95.65	$70.00	27.1%	7.8%	20.4%	18.7%	26.3%	6.6%	1.5%	170.9K	-3.8M	-6.9K	0.08	91.30	N/A	N/A	12	1	812	141
2025-02-21	$93.31	$70.00	26.8%	7.7%	22.4%	18.1%	24.0%	14.9%	6.0%	117.0K	-3.3M	-7.1K	0.09	95.63	N/A	N/A	33	3	813	142
2025-02-24	$94.41	$70.00	30.5%	8.7%	22.7%	25.5%	25.9%	8.5%	1.1%	76.9K	-3.1M	-6.9K	0.00	96.31	N/A	N/A	17	0	556	112
2025-02-25	$93.75	$70.00	30.5%	8.7%	21.8%	25.4%	27.6%	11.1%	2.3%	79.0K	-3.0M	-6.9K	0.00	95.13	N/A	N/A	11	0	573	112
2025-02-26	$93.78	$70.00	32.5%	9.3%	21.6%	29.3%	30.5%	11.8%	4.7%	81.7K	-3.0M	-7.1K	0.67	95.89	N/A	N/A	3	2	584	112
2025-02-27	$94.33	$70.00	35.5%	10.2%	21.7%	35.2%	35.4%	2.8%	-0.1%	81.6K	-3.1M	-7.0K	7.75	97.51	N/A	N/A	4	31	583	113
2025-02-28	$97.28	$73.00	32.4%	9.3%	24.3%	29.2%	0.0%	10.3%	-2.8%	77.1K	-3.3M	-7.3K	0.00	92.84	N/A	N/A	4	0	586	144