UYG Options History — May 2025

In May 2025, UYG traded between $84.20 and $93.00. ATM implied volatility averaged 36.6%, placing in the 20.3% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded below realized volatility by 13.6% (HV 20d: 50.2%). Max pain ranged from $80.00 to $80.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.87.

Notable Days

  • 2025-05-12: Highest Volume — 85 contracts
  • 2025-05-13: Largest IV spike — 78.0% change
  • 2025-05-13: Highest IV Rank — 35.1%
  • 2025-05-06: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$89.08$84.20$93.00$84.20$90.37
Max Pain$80.00$80.00$80.00$80.00$80.00
ATM IV36.6%26.1%50.4%43.3%32.9%
Expected Move10.4%7.5%12.9%12.4%9.4%
HV 20d50.2%25.9%105.4%105.4%28.9%
HV 60d67.1%66.4%67.5%66.7%66.4%
IV Rank20.3%9.1%35.1%27.4%16.4%
IV Percentile67.3%23.4%89.7%84.1%58.3%
Term Structure2.4%-4.0%8.0%-1.3%6.4%
VWIV35.5%25.9%46.5%33.5%46.5%
Skew 25d14.6%4.7%23.0%12.7%13.5%
Skew 10d21.9%3.0%42.5%20.2%13.8%
Call IV 25d27.0%19.6%37.1%37.1%26.3%
Put IV 25d41.5%29.4%54.6%49.8%39.8%
Bid-Ask Spread %85.2069.05102.2286.8099.71
Gamma HHI0.150.080.270.130.09
Net GEX202.8K56.8K705.0K134.7K69.0K
Net DEX-2.4M-5.1M-1.5M-1.5M-2.0M
Net VEX-7.9K-9.7K-6.7K-9.7K-6.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.006.830.130.00
Total Volume15.95208500
Total OI1,055.4297341,2631,207865

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$84.20$80.0043.3%12.4%105.4%27.4%0.0%12.7%-1.3%134.7K-1.5M-9.7K0.0086.80N/AN/A00932275
2025-05-02$87.17$80.0032.1%9.2%99.7%15.5%33.5%14.6%4.6%194.5K-2.0M-9.6K0.13102.22N/AN/A162928275
2025-05-05$85.89$80.0040.3%12.4%85.7%24.3%38.6%20.3%0.9%183.6K-2.0M-9.5K1.2578.56N/AN/A45943273
2025-05-06$85.47$80.0038.0%12.9%83.9%21.8%40.0%23.0%0.3%161.3K-1.7M-9.1K0.3374.84N/AN/A62946278
2025-05-07$85.98$80.0043.4%12.2%82.8%27.6%0.0%15.3%2.7%155.2K-1.7M-8.7K0.0091.69N/AN/A00948280
2025-05-08$87.56$80.0040.2%11.0%59.5%24.2%43.9%18.3%4.4%220.7K-2.4M-9.0K2.0080.15N/AN/A12948280
2025-05-09$86.90$80.0035.6%10.1%49.1%19.3%29.7%14.4%4.0%204.9K-2.2M-8.9K0.5076.32N/AN/A42949278
2025-05-12$90.09$80.0028.3%9.2%46.1%11.5%33.1%11.2%6.2%376.8K-3.1M-8.3K0.0083.00N/AN/A850950280
2025-05-13$91.92$80.0050.4%9.2%45.8%35.1%27.6%14.5%6.9%371.1K-4.4M-8.5K0.6374.03N/AN/A1610974280
2025-05-14$90.74$80.0030.2%8.7%46.3%13.5%0.0%16.4%8.0%447.6K-3.4M-8.0K0.5069.05N/AN/A42980280
2025-05-15$91.87$80.0029.4%8.4%42.2%12.7%32.6%4.7%2.3%517.9K-4.2M-7.5K0.0098.47N/AN/A30979282
2025-05-16$93.00$80.0026.1%7.5%42.0%9.1%25.9%8.1%4.8%705.0K-5.1M-6.9K0.0085.29N/AN/A220981282
2025-05-19$92.94$80.0033.3%9.6%33.5%16.9%30.4%7.8%0.7%56.8K-2.3M-6.7K0.0673.09N/AN/A533502232
2025-05-20$91.95$80.0033.9%9.7%25.9%17.4%0.0%11.1%2.3%70.0K-2.2M-7.1K0.0084.51N/AN/A230553231
2025-05-21$88.68$80.0039.1%11.2%29.9%23.0%0.0%5.6%-0.3%70.7K-2.0M-7.4K0.0092.77N/AN/A30574231
2025-05-22$88.65$80.0041.2%11.8%28.9%25.3%0.0%15.5%-0.4%66.8K-1.8M-7.3K0.0087.94N/AN/A00575231
2025-05-23$87.73$80.0039.2%11.2%28.7%23.1%43.8%22.7%-4.0%64.5K-1.6M-6.9K6.8371.77N/AN/A641575231
2025-05-27$90.26$80.0037.0%10.6%30.0%20.8%46.5%23.0%0.6%59.9K-1.9M-6.8K2.0084.44N/AN/A12577270
2025-05-28$89.34$80.0039.5%11.3%30.1%23.4%0.0%14.9%2.0%59.7K-1.9M-6.9K0.6096.99N/AN/A106578272
2025-05-29$89.88$80.0034.8%10.0%29.7%18.4%0.0%17.8%-0.5%68.2K-2.0M-6.8K0.0097.65N/AN/A10588278
2025-05-30$90.37$80.0032.9%9.4%28.9%16.4%0.0%13.5%6.4%69.0K-2.0M-6.7K0.0099.71N/AN/A00587278