UYG Options History — October 2025

In October 2025, UYG traded between $90.83 and $98.98. ATM implied volatility averaged 38.5%, placing in the 22.0% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 12.0% (HV 20d: 26.5%). Max pain ranged from $90.00 to $95.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 0.19.

Notable Days

  • 2025-10-21: Highest Volume — 176 contracts
  • 2025-10-15: Largest IV drop — 29.6% change
  • 2025-10-14: Highest IV Rank — 37.7%
  • 2025-10-29: Largest Expected Move — 12.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$95.40$90.83$98.98$97.75$93.37
Max Pain$92.87$90.00$95.00$93.00$95.00
ATM IV38.5%33.2%53.2%33.6%34.7%
Expected Move10.6%9.5%12.1%9.6%10.0%
HV 20d26.5%15.4%34.8%24.4%34.2%
HV 60d25.6%22.9%27.9%24.0%26.9%
IV Rank22.0%16.2%37.7%16.6%17.9%
IV Percentile66.4%43.7%93.3%51.2%52.4%
Term Structure0.1%-3.8%5.6%5.6%-1.9%
VWIV36.1%20.3%49.0%35.9%30.4%
Skew 25d11.0%0.4%19.0%0.4%8.9%
Skew 10d14.0%-1.2%28.0%11.4%19.4%
Call IV 25d31.1%25.2%40.8%40.8%32.7%
Put IV 25d42.0%36.4%49.4%41.2%41.6%
Bid-Ask Spread %93.1476.15116.08111.94105.24
Gamma HHI0.170.110.250.190.11
Net GEX82.4K38.7K134.7K120.7K55.7K
Net DEX-1.0M-1.5M-528.6K-1.4M-745.5K
Net VEX-4.6K-5.8K-3.8K-5.2K-3.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.190.001.671.670.00
Total Volume16.957017680
Total OI672.913477752656711

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-10-01$97.75$93.0033.6%9.6%24.4%16.6%35.9%0.4%5.6%120.7K-1.4M-5.2K1.67111.94N/AN/A3557383
2025-10-02$97.43$94.0037.8%10.8%22.9%21.2%42.5%2.8%3.1%118.2K-1.4M-5.8K0.00104.30N/AN/A0357688
2025-10-03$98.98$94.0035.6%10.2%19.9%18.8%0.0%8.3%1.2%134.7K-1.5M-5.7K0.00116.08N/AN/A1057691
2025-10-06$98.39$90.0035.3%9.9%20.0%18.5%41.8%13.2%-2.9%125.4K-1.3M-5.0K0.0080.10N/AN/A0157791
2025-10-07$98.58$90.0034.6%10.2%19.5%17.8%0.0%14.1%-2.8%120.9K-1.3M-4.7K0.0082.71N/AN/A0057792
2025-10-08$97.83$90.0034.0%10.6%19.4%17.1%0.0%16.0%-2.7%116.5K-1.3M-4.8K0.0078.78N/AN/A4057792
2025-10-09$96.95$90.0041.9%11.1%15.4%25.6%0.0%14.6%-3.4%107.8K-1.2M-4.5K0.0082.66N/AN/A7058192
2025-10-10$93.44$90.0041.9%11.0%19.8%25.6%0.0%2.6%1.8%81.5K-901.5K-4.2K0.0076.15N/AN/A6058292
2025-10-13$94.81$90.0051.2%9.8%20.7%35.6%0.0%6.7%3.3%75.1K-808.1K-4.1K0.0083.63N/AN/A90580137
2025-10-14$96.37$90.0053.2%10.8%21.7%37.7%32.4%10.4%2.9%95.3K-990.0K-4.1K0.5085.26N/AN/A21583137
2025-10-15$96.36$90.0037.5%10.7%20.5%20.8%0.0%19.0%2.9%96.6K-982.2K-4.3K1.0085.34N/AN/A1010585138
2025-10-16$90.83$90.0042.2%12.1%28.8%25.9%49.0%10.2%2.8%39.4K-528.6K-4.2K0.1678.98N/AN/A6210592148
2025-10-17$92.88$95.0042.0%12.0%30.1%25.7%44.8%13.9%-3.0%42.4K-637.5K-4.5K0.0090.12N/AN/A01609143
2025-10-20$94.96$95.0038.8%11.1%31.5%22.3%34.7%9.3%-3.8%38.7K-735.6K-3.9K0.0485.10N/AN/A241346131
2025-10-21$94.92$95.0036.3%10.4%31.4%19.5%20.3%15.2%0.4%43.3K-761.5K-3.9K0.0193.62N/AN/A1751359132
2025-10-22$93.32$95.0038.0%10.9%31.7%21.4%32.5%2.6%-0.3%62.9K-850.6K-4.9K0.00104.44N/AN/A30533133
2025-10-23$94.05$95.0036.8%10.5%31.9%20.1%36.7%14.1%-0.0%64.8K-836.8K-4.7K0.0090.42N/AN/A30535132
2025-10-24$96.03$95.0034.2%9.8%32.4%17.3%32.8%11.7%-1.0%61.3K-851.9K-4.2K0.0097.21N/AN/A200536132
2025-10-27$96.66$95.0033.2%9.5%32.2%16.2%35.2%13.4%2.0%77.5K-1.0M-4.4K0.07105.95N/AN/A141555132
2025-10-28$95.37$95.0035.4%10.1%32.3%18.6%0.0%11.0%0.5%80.8K-1.1M-4.8K0.00102.49N/AN/A110566133
2025-10-29$91.93$95.0042.3%12.1%34.4%26.0%0.0%17.2%-2.4%60.3K-814.3K-4.5K0.0098.01N/AN/A10576133
2025-10-30$92.92$95.0035.6%10.2%34.8%18.8%30.4%16.8%0.1%75.0K-985.7K-5.1K0.00103.64N/AN/A10577133
2025-10-31$93.37$95.0034.7%10.0%34.2%17.9%0.0%8.9%-1.9%55.7K-745.5K-3.8K0.00105.24N/AN/A00578133