UYG Options History — April 2026

In April 2026, UYG traded between $73.58 and $73.62. ATM implied volatility averaged 45.5%, placing in the 27.7% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded above realized volatility by 8.6% (HV 20d: 36.9%). Max pain ranged from $69.00 to $74.00. Net GEX was positive for 1 of 2 trading days. Term structure was in contango for 0 of 2 days. Put/call ratio averaged 0.17.

Notable Days

2026-04-01: Highest Volume — 16 contracts
2026-04-02: Largest IV drop — 3.0% change
2026-04-01: Highest IV Rank — 28.4%
2026-04-01: Largest Expected Move — 13.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$73.60	$73.58	$73.62	$73.62	$73.58
Max Pain	$71.50	$69.00	$74.00	$74.00	$69.00
ATM IV	45.5%	44.8%	46.2%	46.2%	44.8%
Expected Move	13.0%	12.8%	13.2%	13.2%	12.8%
HV 20d	36.9%	36.8%	37.0%	37.0%	36.8%
HV 60d	36.9%	36.8%	36.9%	36.9%	36.8%
IV Rank	27.7%	26.9%	28.4%	28.4%	26.9%
IV Percentile	82.3%	81.0%	83.7%	83.7%	81.0%
Term Structure	-3.1%	-3.7%	-2.5%	-2.5%	-3.7%
Skew 25d	18.8%	18.3%	19.4%	18.3%	19.4%
Skew 10d	33.5%	31.6%	35.4%	31.6%	35.4%
Call IV 25d	35.5%	34.9%	36.1%	34.9%	36.1%
Put IV 25d	54.3%	53.2%	55.5%	53.2%	55.5%
Bid-Ask Spread %	57.47	49.57	65.37	49.57	65.37
Gamma HHI	0.13	0.13	0.13	0.13	0.13
Net GEX	-303	-2.1K	1.5K	-2.1K	1.5K
Net DEX	1.4M	1.4M	1.5M	1.4M	1.5M
Net VEX	-4.9K	-5.2K	-4.5K	-5.2K	-4.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.17	0.00	0.33	0.00	0.33
Total Volume	10	4	16	16	4
Total OI	645.5	638	653	638	653

Daily Data (2 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2026-04-01	$73.62	$74.00	46.2%	13.2%	37.0%	28.4%	0.0%	18.3%	-2.5%	-2.1K	1.4M	-5.2K	0.00	49.57	N/A	N/A	16	0	302	336
2026-04-02	$73.58	$69.00	44.8%	12.8%	36.8%	26.9%	0.0%	19.4%	-3.7%	1.5K	1.5M	-4.5K	0.33	65.37	N/A	N/A	3	1	318	335