UYG Options History — December 2025

In December 2025, UYG traded between $92.15 and $103.94. ATM implied volatility averaged 28.6%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded below realized volatility by 0.2% (HV 20d: 28.8%). Max pain ranged from $86.17 to $96.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 2.06.

Notable Days

  • 2025-12-04: Highest Volume — 329 contracts
  • 2025-12-24: Largest IV spike — 29.0% change
  • 2025-12-03: Highest IV Rank — 19.6%
  • 2025-12-03: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$97.81$92.15$103.94$94.57$92.15
Max Pain$89.41$86.17$96.00$88.00$87.17
ATM IV28.6%20.4%36.3%35.9%21.8%
Expected Move8.1%5.8%10.4%10.3%6.3%
HV 20d28.8%20.8%39.6%28.0%38.9%
HV 60d29.1%27.0%33.6%27.7%33.5%
IV Rank11.3%2.5%19.6%19.1%4.0%
IV Percentile22.2%0.4%60.3%56.7%1.6%
Term Structure-0.1%-5.7%6.0%-2.5%3.2%
VWIV27.8%17.1%37.0%37.0%27.6%
Skew 25d9.0%0.2%21.1%21.1%12.3%
Skew 10d13.3%-2.4%25.2%19.2%4.3%
Call IV 25d22.7%13.3%28.5%20.8%13.3%
Put IV 25d31.7%21.4%41.9%41.9%25.6%
Bid-Ask Spread %95.2373.11109.99104.50102.58
Gamma HHI0.170.120.290.120.15
Net GEX30.8K-67.1K92.6K31.3K41.5K
Net DEX-260.7K-976.7K467.8K-701.3K64.6K
Net VEX-8.9K-12.1K0-3.4K-9.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.060.0022.501.000.67
Total Volume35.0452329820
Total OI829.81801,103698635

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$94.57$88.0035.9%10.3%28.0%19.1%37.0%21.1%-2.5%31.3K-701.3K-3.4K1.00104.50N/AN/A44488210
2025-12-02$94.66$88.0033.3%9.5%27.6%16.3%17.1%19.9%0.8%29.9K-700.8K-3.1K0.0098.57N/AN/A40490209
2025-12-03$96.63$88.0036.3%10.4%28.2%19.6%27.4%11.2%-4.4%40.6K-876.5K-3.2K0.00101.35N/AN/A310490209
2025-12-04$96.55$90.0035.2%8.2%28.0%18.4%0.0%5.7%0.9%55.8K-976.7K-3.2K22.5097.27N/AN/A14315514209
2025-12-05$97.22$90.0030.4%9.2%27.8%13.2%27.1%0.2%-4.8%22.9K206.2K-11.9K3.3391.12N/AN/A310527517
2025-12-08$96.14$90.0030.6%8.9%28.1%13.5%0.0%7.8%-0.4%7.9K467.8K-11.3K0.0075.80N/AN/A02528522
2025-12-09$95.76$90.0035.4%8.9%27.9%18.6%24.6%11.8%-0.8%11.5K362.1K-11.4K0.0073.11N/AN/A60528520
2025-12-10$98.11$90.0027.0%7.7%29.1%9.6%0.0%13.0%2.1%29.3K262.0K-11.1K0.0694.37N/AN/A161529520
2025-12-11$101.37$90.0028.5%8.2%30.4%11.3%29.0%10.6%1.5%63.5K-360.2K-11.7K0.0383.41N/AN/A331534520
2025-12-12$101.18$90.0027.4%7.9%28.0%10.1%34.5%8.1%-0.1%52.0K-426.7K-11.6K1.1488.57N/AN/A1416545520
2025-12-15$101.59$90.0031.6%9.1%26.8%14.5%26.9%7.4%-5.7%52.5K-487.4K-11.4K0.0294.33N/AN/A641546521
2025-12-16$100.63$90.0029.3%8.4%21.6%12.1%0.0%4.5%-0.2%57.9K-464.4K-11.5K0.0082.62N/AN/A100571521
2025-12-17$100.28$90.0029.3%8.4%21.7%12.1%24.3%8.6%-0.1%60.6K-437.5K-11.4K0.0679.28N/AN/A352571521
2025-12-18$100.38$90.0027.4%7.9%21.8%10.0%0.0%5.6%0.6%69.9K-373.1K-11.4K0.00101.98N/AN/A03581522
2025-12-19$100.97$90.0027.8%8.0%20.8%10.4%26.9%12.8%1.9%92.6K-453.0K-11.2K0.0092.57N/AN/A240581522
2025-12-22$103.50$90.0023.7%6.8%21.5%6.0%27.2%8.4%2.7%9.1K199.6K-11.3K0.30102.06N/AN/A6118205348
2025-12-23$103.94$96.0020.4%5.8%21.5%2.5%26.8%1.4%6.0%33.2K-131.4K-12.1K0.00102.71N/AN/A09262356
2025-12-24$94.97$0.0026.3%7.5%39.6%8.8%0.0%13.3%-2.7%0000.50109.99N/AN/A10500
2025-12-26$94.37$88.1723.6%6.8%39.0%6.0%30.0%3.8%-0.1%31.7K-133.1K-10.1K2.00106.27N/AN/A36262357
2025-12-29$93.59$86.1726.7%7.6%39.0%9.2%0.0%4.3%-2.9%-67.1K-535.1K-6.6K0.13106.65N/AN/A81265353
2025-12-30$93.27$86.1722.0%6.3%38.7%4.2%30.0%6.3%3.6%-48.7K-241.5K-7.7K7.50105.98N/AN/A215273354
2025-12-31$92.15$87.1721.8%6.3%38.9%4.0%27.6%12.3%3.2%41.5K64.6K-9.9K0.67102.58N/AN/A128274361