UYG Options History — March 2026

In March 2026, UYG traded between $68.73 and $80.07. ATM implied volatility averaged 49.5%, placing in the 32.0% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 11.3% (HV 20d: 38.1%). Max pain ranged from $74.00 to $83.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.69.

Notable Days

  • 2026-03-16: Highest Volume — 33 contracts
  • 2026-03-11: Largest IV drop — 12.5% change
  • 2026-03-10: Highest IV Rank — 40.3%
  • 2026-03-05: Largest Expected Move — 20.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$74.15$68.73$80.07$79.34$73.40
Max Pain$76.75$74.00$83.00$80.17$74.00
ATM IV49.5%43.2%57.0%46.5%45.7%
Expected Move14.2%9.7%20.5%13.3%13.1%
HV 20d38.1%29.3%44.1%44.1%37.5%
HV 60d38.1%35.3%39.4%38.9%38.4%
IV Rank32.0%25.1%40.3%28.7%27.9%
IV Percentile88.9%81.0%96.0%87.7%82.9%
Term Structure-0.5%-32.6%25.6%-0.6%-0.9%
VWIV44.7%33.1%58.2%33.1%42.5%
Skew 25d16.2%-33.3%36.4%18.0%16.2%
Skew 10d19.8%-20.9%45.1%11.3%17.3%
Call IV 25d40.1%26.4%63.3%38.1%42.9%
Put IV 25d56.3%30.0%68.6%56.1%59.1%
Bid-Ask Spread %67.0542.38101.9099.3453.87
Gamma HHI0.290.120.620.410.13
Net GEX36.7K-13.3K108.5K87.9K-2.1K
Net DEX1.4M104.7K2.1M104.7K1.5M
Net VEX-5.6K-9.7K-3.4K-9.7K-4.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.004.204.000.00
Total Volume14033014
Total OI962.9096051,1841,074633

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$79.34$80.1746.5%13.3%44.1%28.7%0.0%18.0%-0.6%87.9K104.7K-9.7K0.0099.34N/AN/A00691383
2026-03-03$78.98$80.1750.0%14.3%43.0%32.6%33.1%36.4%-4.9%86.4K265.2K-9.4K4.0099.71N/AN/A14691383
2026-03-04$80.07$80.1744.6%12.8%43.3%26.7%0.0%19.4%-0.7%108.5K122.7K-9.5K0.00101.90N/AN/A10692386
2026-03-05$78.84$83.0049.6%20.5%42.5%32.2%57.5%-33.3%-32.6%101.5K183.0K-9.4K0.0069.68N/AN/A50693388
2026-03-06$76.47$83.0054.9%14.1%42.6%37.9%52.5%14.8%-4.3%74.7K856.9K-8.0K0.2171.63N/AN/A143697388
2026-03-09$76.14$74.0052.8%13.7%39.8%35.6%51.9%18.6%14.3%93.6K1.7M-3.5K0.0079.15N/AN/A110711389
2026-03-10$75.58$74.0057.0%13.5%39.8%40.3%40.4%18.7%19.0%102.7K1.6M-3.4K1.1389.07N/AN/A89716387
2026-03-11$74.04$80.0049.9%14.3%39.9%32.4%49.7%18.1%-8.4%63.5K1.5M-6.5K4.2081.57N/AN/A521723390
2026-03-12$71.72$80.0052.9%9.7%40.2%35.8%49.9%23.1%17.1%45.7K1.7M-5.3K0.4258.84N/AN/A125728407
2026-03-13$71.64$75.0050.7%20.0%38.6%33.4%38.6%20.0%25.6%47.4K1.9M-4.8K0.0461.36N/AN/A231740407
2026-03-16$72.76$75.0050.4%13.4%39.3%33.0%0.0%27.5%-5.4%6.3K2.1M-4.2K0.0357.53N/AN/A321756408
2026-03-17$73.93$75.0047.5%14.7%38.6%29.9%38.8%14.6%-8.5%28.6K1.8M-5.3K0.2246.93N/AN/A92781403
2026-03-18$71.88$75.0047.0%13.1%38.7%29.3%44.7%17.4%3.2%12.0K1.8M-4.5K0.6763.98N/AN/A32785379
2026-03-19$71.96$75.0049.7%14.2%38.5%32.3%0.0%17.9%-2.0%7.1K1.8M-4.0K0.4058.05N/AN/A52788380
2026-03-20$71.65$75.0047.7%13.2%37.9%30.1%39.2%21.7%1.8%-9.8K1.8M-4.1K0.0042.38N/AN/A270786364
2026-03-23$74.17$75.0047.2%14.0%34.5%29.5%36.0%17.4%-7.9%-13.3K1.7M-4.5K0.0058.66N/AN/A150262343
2026-03-24$73.78$75.0047.6%13.9%34.4%30.0%46.0%6.9%-2.8%-6.6K1.8M-3.8K0.5056.92N/AN/A147276343
2026-03-25$73.43$75.0043.2%13.2%31.6%25.1%37.2%14.4%-1.8%-9.7K1.6M-4.8K1.0059.36N/AN/A33275346
2026-03-26$72.51$75.0048.1%13.8%29.3%30.5%0.0%10.3%-7.5%-9.3K1.6M-4.9K0.0062.09N/AN/A130278346
2026-03-27$68.73$75.0053.8%15.4%31.3%36.8%58.2%10.9%-0.2%-4.6K1.6M-4.2K1.5052.59N/AN/A23291346
2026-03-30$70.24$75.0051.2%14.7%33.0%33.9%43.3%26.5%-3.5%-3.6K1.6M-3.7K0.0850.42N/AN/A262291334
2026-03-31$73.40$74.0045.7%13.1%37.5%27.9%42.5%16.2%-0.9%-2.1K1.5M-4.4K0.0053.87N/AN/A140297336