UYG Options History — March 2025

In March 2025, UYG traded between $80.88 and $95.78. ATM implied volatility averaged 44.9%, placing in the 53.6% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 7.2% (HV 20d: 37.6%). Max pain ranged from $70.00 to $91.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.72.

Notable Days

  • 2025-03-26: Highest Volume — 347 contracts
  • 2025-03-19: Largest IV drop — 20.5% change
  • 2025-03-10: Highest IV Rank — 90.8%
  • 2025-03-10: Largest Expected Move — 18.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$87.75$80.88$95.78$95.78$89.45
Max Pain$76.05$70.00$91.00$73.00$91.00
ATM IV44.9%36.1%63.8%43.0%44.9%
Expected Move12.8%9.3%18.3%12.3%10.7%
HV 20d37.6%25.0%44.8%25.0%44.8%
HV 60d32.6%28.7%34.6%28.7%34.4%
IV Rank53.6%36.5%90.8%50.1%53.7%
IV Percentile93.0%82.9%99.6%96.0%93.7%
Term Structure-5.0%-14.9%2.3%-6.9%-1.6%
VWIV48.7%28.0%110.1%53.9%35.8%
Skew 25d12.6%3.6%23.5%8.3%16.9%
Skew 10d23.6%15.4%35.3%28.8%19.7%
Call IV 25d37.4%28.1%44.7%38.3%38.2%
Put IV 25d49.9%36.3%59.1%46.5%55.1%
Bid-Ask Spread %76.4449.9998.2096.8350.93
Gamma HHI0.140.070.230.200.16
Net GEX79.5K41.7K153.2K74.0K146.9K
Net DEX-2.1M-3.2M-1.5M-3.2M-2.1M
Net VEX-7.7K-12.5K-6.1K-7.6K-11.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.006.750.000.00
Total Volume34.192347432
Total OI796.952567951736951

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$95.78$73.0043.0%12.3%25.0%50.1%53.9%8.3%-6.9%74.0K-3.2M-7.6K0.0096.83N/AN/A430592144
2025-03-04$90.72$73.0043.1%12.3%31.4%50.1%43.5%10.1%0.4%62.3K-2.6M-7.7K0.4098.20N/AN/A52616144
2025-03-05$91.00$73.0047.1%13.5%31.4%58.1%110.1%15.4%-3.9%63.3K-2.5M-7.7K2.0098.02N/AN/A24616145
2025-03-06$87.58$73.0054.0%15.5%32.9%71.5%0.0%12.1%-9.2%56.3K-2.2M-7.3K0.1592.82N/AN/A203617149
2025-03-07$86.63$73.0054.6%15.6%32.0%72.7%0.0%7.4%-7.1%53.3K-2.0M-7.2K0.0697.26N/AN/A171627152
2025-03-10$82.66$73.0063.8%18.3%35.1%90.8%54.5%12.1%-7.0%49.4K-1.6M-6.9K0.7590.22N/AN/A43642153
2025-03-11$82.16$73.0054.8%17.3%35.0%73.2%0.0%16.3%-14.9%47.1K-1.5M-6.4K0.0095.11N/AN/A20644156
2025-03-12$82.19$70.0050.6%15.7%34.7%64.9%42.8%12.7%-9.8%42.5K-1.7M-6.2K0.9390.14N/AN/A1413643124
2025-03-13$80.88$70.0049.7%14.6%34.8%63.2%51.8%11.3%-7.2%41.7K-1.6M-6.2K0.0086.00N/AN/A03654135
2025-03-14$84.24$70.0041.1%17.1%37.9%46.3%40.4%18.7%-5.7%48.9K-1.9M-6.2K0.0989.09N/AN/A111654136
2025-03-17$87.01$73.0041.2%10.5%40.3%46.4%51.3%14.0%-3.8%59.6K-2.3M-6.1K0.0457.43N/AN/A1014653136
2025-03-18$86.15$73.0045.5%10.5%39.9%54.9%0.0%19.4%-9.8%73.6K-2.4M-6.8K0.0056.48N/AN/A07750140
2025-03-19$88.73$73.0036.2%10.0%41.7%36.6%0.0%23.5%-5.9%109.8K-2.7M-7.0K6.7568.64N/AN/A427750146
2025-03-20$88.68$0.0039.5%10.3%40.6%43.2%0.0%12.2%-0.3%118.2K-2.6M-7.2K0.0091.58N/AN/A05744173
2025-03-21$87.66$0.0041.6%11.0%40.0%47.3%43.2%8.3%-1.7%67.1K-2.4M-7.0K0.1750.38N/AN/A183744175
2025-03-24$91.02$76.0036.3%9.3%42.3%36.8%38.6%7.7%-2.4%84.5K-1.5M-7.5K0.5055.01N/AN/A14747097
2025-03-25$91.62$78.0037.0%9.9%42.3%38.2%28.0%3.6%-3.7%93.4K-1.6M-7.6K1.0070.71N/AN/A55483103
2025-03-26$90.75$78.0036.1%11.8%42.4%36.5%39.1%21.1%2.3%87.6K-1.6M-7.6K0.1963.86N/AN/A29255483108
2025-03-27$90.95$91.0039.4%10.3%42.3%42.9%35.8%4.8%-3.9%153.2K-2.6M-12.5K0.0049.99N/AN/A20775163
2025-03-28$86.88$91.0042.6%11.4%43.2%49.3%0.0%8.5%-2.8%136.2K-2.0M-11.6K0.0056.52N/AN/A190786163
2025-03-31$89.45$91.0044.9%10.7%44.8%53.7%0.0%16.9%-1.6%146.9K-2.1M-11.4K0.0050.93N/AN/A20788163